Last Week in DeFi - Ethena Launched On TON Wallets, Plume Mainnet Launch, SyrupUSDC Live on Solana, and many more...
Launches π
Ethena has launched savings support for USDe on the TON blockchain, offering up to 18% APY via major wallets like TON Space, Tonkeeper, and TONHub. The yield combines ~8% from sUSDe rewards and an additional 10% in TON, distributed weekly.
Users can acquire USDe natively, via bridge, or from exchanges like Bybit and MEXC, which now support gas-free TON withdrawals.
Metaplex has launched Bubblegum v2, a major upgrade for compressed NFTs on Solana, adding enforced onchain royalties, permissioned controls, and onchain attributes. Tailored for enterprises, the update enhances programmability and lifecycle management.
Partners like dVIN, Crossmint, and Matrica are adopting it for RWAs, loyalty programs, and gaming. Bubblegum v2 is now live and integrated with the Metaplex SDK.
GMX has launched GMX Express on Arbitrum and Avalanche, introducing a new execution layer for faster, smoother onchain trading. Powered by Gelato, the system bypasses RPC congestion, enables gas payments in USDC or native tokens, and supports one-click trading without wallet prompts.
All contracts are audited, aiming to match CEX-level performance while preserving DeFi principles.
Bluefin has launched Bluefin7K, a Sui-native aggregator combining DEX routing with its RFQ engine for optimal pricing and deep liquidity on Sui. The move follows its acquisition of 7Kβs aggregator backend, with both firms continuing independently under the new partnership.
Derive has launched early access to its new customizable trading terminal, targeting the top 1% of crypto traders. The platform promises bespoke interfaces and tailored tools, aiming to redefine pro-level onchain trading UX.
infiniFi has launched, allowing waitlist users to deposit stablecoins and earn elevated yields. The platform introduces a zero-spread interest rate model and bridges fixed and floating rate markets with flexible tenors from 1 day to 1 year.
Users can use collateral from Aave, Compound, and Lido, unlocking advanced strategies like yield curve trading and interest rate arbitrageβbringing institutional-grade tools to DeFi.
Berachain has activated Bectra on mainnet, becoming the first L1 after Ethereum to implement the full Pectra execution-layer upgrade suite. The upgrade introduces smart accounts, on-demand validator exits, and streamlined validator operations. Users can now batch actions, claim rewards in one click, and use $HONEY for gas.
Builders gain access to new tooling for rollups, games, and social apps, while stakers benefit from more flexible capital management and enhanced delegation support.
Plume Genesis mainnet is now live, marking a new chapter for RWAfi with 50+ dApps available from launch. Users can earn rewards via the Portal by bridging assets, interacting weekly, and using Royco for yield strategies. Season 2 airdrop is active, and Season 1 claims have reopened. PLUME is now usable for staking, lending, and swapping, as Plume pushes toward full DeFi composability.
Stable introduced a new Layer 1 blockchain built around USDT as native gas, offering free peer-to-peer USDT transfers and seamless cross-chain movement via USDT0. Backed by Bitfinex and designed for institutions, Stable aims to replace legacy financial rails with programmable, dollar-native infrastructure for remittances, FX, credit, and B2B payments.
An internal testnet is now live, with early access open to builders.
Euler Labs has launched Frontier, a lending-swapping infrastructure designed to support stablecoin growth. Built on Euler and powered by EulerSwap, Frontier enables isolated markets with adaptive rates, low capital costs, and support for PTs. The first batch includes Midas, LevelUSD, and Renzo, with $110K in incentives now live.
Updates π°
OpenSea has launched OS2 as its default platform, enabling cross-chain trading across 19 networks. A new rewards system, βVoyages,β offers XP for feature usage, with early user Treasures tied to future $SEA distributions. While the TGE date remains undisclosed, the team stresses long-term utility. OpenSea also revamped its Discord into a streamlined Web3 community hub.
Spark has enabled direct USDT deposits into Spark Savings, converting seamlessly into USDS to earn yield. The process requires no manual swaps and is live on Ethereum Mainnet via the Spark app.
Uniswap Foundation has introduced ChainHopper, a one-click LP migration tool enabling seamless transfers of Uniswap v3/v4 positions across EVM chains. Backed by a UF grant, the protocol supports gas abstraction, multi-asset bridging, and cross-version flexibility, streamlining liquidity mobility across the ecosystem.
Nexus has unveiled zkVM 3.0, a major redesign focused on modularity, transparent proofs, and efficient memory checking. Key upgrades include two-pass execution, LogUps for stateless memory validation, and integration with StarkWareβs STARK-based S-two prover for trusted setup-free security.
Tether Gold (XAUt0) has launched on TON via LayerZeroβs OFT standard, enabling omnichain movement of gold-backed tokens. Each XAUt0 is backed 1:1 by one troy ounce of gold, with over 7.7 tons currently in reserve.
Aave has integrated CoW Swap into its UI swap widget on Ethereum, Arbitrum, Base, and Gnosis Chain. The upgrade offers users improved pricing, deeper liquidity, and MEV protection across supported networks.
Jumper now supports bridging to Hyperliquidβs HyperEVM, allowing seamless transfers of ETH, USDC, USDT, and more. Users can bridge from networks including Ethereum, Arbitrum, Optimism, Base, and others, with additional chain support on the way.
HyperLend has launched a new feature allowing users to borrow against their Hypecore assets. The update expands utility for Hypecore holders and enhances lending options on the platform.
Kamino has integrated dfdvSOL into its Lend and Multiply products, enabling users to borrow, lend, and leverage the LST from publicly traded DeFi Dev Corp. Built with Sanctumβs LST infrastructure, the addition allows for one-click automated yield strategies, enhancing SOL stacking options on Kamino.
Gearbox is now live on BNB Chain, enabling users to lend, borrow, and leverage assets like USDT and BNB with no lockups or fees. In partnership with YieldNest, Gearbox introduces credit markets for leveraged farming on ynBNBx and spot leverage trading on PancakeSwap and Thena.
Backed by 10+ audits and Chaos Labs curation, the protocol brings its battle-tested infrastructure to BNB.
Sky Protocol has activated USDS rewards for SKY stakers, allowing users to earn based on protocol performance while retaining governance rights. Following SKY's approval as the sole governance token on May 19, MKR holders are encouraged to upgrade to remain active in the protocolβs future.
Spark has expanded to Optimism and Unichain, deploying yield-bearing stablecoins sUSDC and sUSDS to enable native stablecoin yields via the Sky Savings Rate. sUSDC also enters Unichainβs lending ecosystem via Euler, aiming to simplify yield generation and collateral use.
Spark received 2M OP in grants to accelerate Superchain development
Morpho has launched on Unichain, enabling users to earn and borrow using curated vaults from top DeFi allocators like Steakhouse, Gauntlet, and MEV Capital. The deployment supports bluechip assets including USDC, USDT, wstETH, and WETH.
Symbiotic introduced Symbiotic Relay, a middleware SDK enabling protocols to stake on Ethereum and verify results across any supported chain. This unlocks trustless bridges, native multichain oracles, and cross-chain coordination for rollups, insurance layers, and L1 consensus
Falcon Finance has surpassed $500M in unlocked USDf, marking a major milestone as it targets $1B. The protocol continues to gain momentum as one of the fastest-growing players in the stablecoin space.
Pendle has introduced a new naming convention for PT and YT tokens to improve clarity and user understanding. The updated format will now display the accounting asset, making it easier to identify what each token redeems or accrues.
Farcaster now supports HyperEVM in its wallet and mini apps, enabling users to send and swap tokens on HyperEVM using existing balances from other chainsβno bridging required.
Kinetiq has launched StakeHub on Hyperliquid mainnetβan autonomous validator selection system that dynamically delegates HYPE to top-performing validators based on real-time KPI scores.
Liminal is now accessible to users eligible for a HypurrNFT or ranked in the top 5,000 of the HYPE airdrop. The platform emphasizes a community-first approach within the Hyperliquid ecosystem.
Ethena Labs announced two major updates: Aave has raised the July sUSDe PT cap by $300M, and a new August USDe Pendle pool is now live on BNB Chain. The PT is also expected to be listed on Lista for collateralized borrowing against USD1.
PT yields have remained strong at 8β11%, still outpacing borrow rates on Aave and Lista.
Gamma has launched a Python SDK for professional limit order trading on Uniswap v4, tailored for algorithmic traders and market makers. The SDK enables free order placement and cancellation (gas only), LP fee earnings, and a simple API with traditional
place_order()andcancel_order()functionsβno smart contract or web3 knowledge required.The Ethereum Foundation updated its treasury policy, targeting 15% annual expenses with a 2.5-year runway, and will manage ETH sales accordingly. It plans to deploy capital in risk-aware, decentralized DeFi aligned with Ethereumβs values. A new βDefipunkβ framework guides support for open-source, permissionless, privacy-focused protocols.
USD1 is now live on DWF Liquid Markets, gaining access to over 1,000 counterparties and institutional-grade liquidity. The move aims to boost adoption and trading volume for the stablecoin through DWFβs RFQ platform.
Maple has launched syrupUSDC on Solana, a liquid yielding dollar offering immediate DeFi utility and up to $500K in incentives. The launch is backed by Chainlink, Kamino, Paxos, Jito, and Orca, aiming to deliver consistent high yields across the ecosystem.
Chainlink Labs has joined the Global Sync Foundation, the governance body behind Canton Networkβs interoperability layer, Global Synchronizer. The move aligns Chainlink with major institutions like Broadridge, Cumberland, and Euroclear to help set standards for enterprise-grade blockchain interoperability.
Aaveβs new Safety Module, Umbrella, is live, enabling aToken staking for risk management without governance. Users earn rewards but face slashing in shortfalls. sGHO replaces stkGHO with no cooldown or slashing risk.
Dinero has launched pETH, the official ETH LST for Plume, designed as the core ETH asset for the RWAfi ecosystem. Powered by LayerZero, pETH supports seamless cross-chain utility as Plume Genesis goes live.
Ostium has rolled out a major overhaul to its OLP vault, introducing auto-withdrawals and 24/7 withdrawal requests via a new delegated system. Users no longer need to return to claim funds manually, and expired requests are eliminated.
A NotiFi integration for alerts and a redesigned UI with performance charts and withdrawal timing info are also live. A dynamic hedging engine is in development to boost capital efficiency and LP yields.
Superform has introduced Piggy, an onchain financial agent powered by $PIGGY and the Superform API. Now live on Telegram, Piggy analyzes wallet data to generate a PIG Score based on yield strategies, asset diversity, and $PIGGY holdings. A score of 100 grants early access to Superform v2.
Origin Protocol has launched Super OETH on Plume, enabling users to access supercharged liquid staking as part of Plume Genesis. All users can now swap into Super OETH and begin earning yield within the RWAfi ecosystem.
Issues β οΈ
Chainlink's deUSD price feed spiked to $1.028 on Avalanche, triggering over $500K in liquidations on Euler within three blocks. The move stemmed from a Curve swap on Ethereum involving Elixirβs RWA-backed deUSD, which caused thin liquidity slippage that Chainlinkβs cross-chain oracle registered. DeFi teams Re7 and K3 responded by overriding the feed to a fixed $1 rate.
The event underscores continued risks in oracle design amid leveraged DeFi loops and fragmented liquidity.
MegaETH has confirmed its X account was compromised. Users are advised to avoid all recent posts and links. Official updates will be shared via the MegaPhone Telegram broadcast channel.
Taiwan-based cryptocurrency exchange BitoPro has confirmed a security breach resulting in the loss of over $11.5 million in digital assets from its hot wallets on May 8, 2025. The breach was publicly disclosed on June 2
Upcoming β³
Arbitrum teased the launch of an AI-focused chain built on its Orbit Stack, following the approval of AIP-22. The new HPP chain will deliver AI-native, data-centric infrastructure as part of Arbitrumβs growing L2 ecosystem.
Theoriq has launched its "March to Mainnet," outlining plans for Alpha Protocol and AlphaSwarm. The roadmap details a phased rollout aimed at enabling autonomous agent collaboration in DeFi to optimize liquidity and user coordination.
Paradigm researcher Dave White introduced Orbital, a new AMM design extending concentrated liquidity to stable pools with three or more tokens. Instead of linear tick ranges, Orbital uses spherical "orbits" around the $1 peg, enabling capital efficiency even during depegs. LPs can customize exposure with multi-radius ticks, while the toroidal math enables efficient onchain execution across assets.
Though still theoretical, Orbital aims to reshape multi-stable liquidity dynamics.
Aave's governance proposal 320 is set to activate Umbrella, a decentralized staking system designed to protect suppliers from bad debt. Users can stake aTokens to earn rewards while retaining Aave yield, with slashing only triggered if bad debt arises.
BOB is upgrading USDC to Chainlink's CCIP to streamline cross-chain transfers. The migration begins on June 4 and is expected to complete within 24 hours. Wallet balances remain unaffected, and no user action is required during the bridging contract update.
Solv Protocol is bringing BTC-native and Binance-level yields to HyperEVM. Users can deposit BTC, mint UBTC via Hyperunit, bridge to HyperEVM, and access Solvβs suite: SolvBTC for DeFi, xSolvBTC for PoS yields, and SolvBTC.BNB for Binance-native rewards like Launchpools and Megadrops.
Fuel Network has proposed an update to its V1-to-V2 token migration and unlocking schedule, with over 1.48B FUEL (14.89% of supply) still unmigrated. To incentivize action, the migration window is extended to August 18, 2025.
V1 holders who miss this deadline will see their V2 unlock delayed from December 19, 2024 to August 19, 2025
Origin Protocol has proposed using over $3M in DAO assets to market-buy OGN, with all purchased tokens distributed to stakers. This aligns with its new staking program, which allocates 100% of protocol revenue to xOGN holders. The vote is now live on Snapshot.
HUSD is rebranding to USDhl, set to go live next week. USDhl aims to upgrade DeFi by letting users earn both DeFi yield and yield from treasury-backed collateralβcapturing more value without added risk. The model enhances returns compared to traditional banks and current stablecoins.
Airdrops πͺ
Optimism has distributed over 60M OP to 500+ builders since 2022 and is expanding support across the Superchain. Builders on Base, Mode, BOB, and others can now use OP Atlas to track missions, grants, and retro funding opportunities.
Skate Chain Season 1 is ending, with the final Ollie snapshot set for June 3 at 00:00 UTC. Users must bind an EVM wallet via Skate Park by June 2, 23:59 UTC to qualify.
YieldNest completed its airdrop snapshot on May 28 at 12:15 UTC. $YND claims open June 3, with a 90-day window to redeem. The token will also begin trading on the same day. Eligible users include YieldNest seed holders from prior seasons and select partner communities.
Stargate has opened APT rewards claims following its Aptos bridging campaign, which facilitated over $250M in liquidity inflows.
dYdX has concluded Surge Season 2, with rewards set to be distributed next week. Season 3 is now live, and the updated leaderboard is available on Chaos Labs.
Lagrange Foundation promotes its $LA token as the core incentive mechanism for generating and sustaining proof. Registration for participation is now open.
Drift has completed the FUEL snapshot as of June 2 at 17:00 UTC, capturing user FUEL point balances and total trading volume. A claim page for eligible users will be launched in the coming weeks.
YieldNest outlined upcoming utilities for its $YND token, including governance rights, staking rewards, liquidity via StakeDAO lockers, and future buyback programs. The team also shared its 2025 roadmap and emphasized ecosystem partnerships.
Users can stake YND to earn boosted rewards or use liquid staking via sdYND to stay flexible.
Galxe Passport holders can now claim 20,000 RP via RootRewards, the loyalty program on The Root Network. Users must sign up with the same wallet linked to their Galxe profile by July 31. RP earned can be redeemed for $ROOT in recurring reward cycles.
Suilend users can now redeem mSEND from Season 2 activities, including SEND Points, STEAMM Points, S2 Capsules, and the Rootlets Airdrop. Claimed mSEND can be converted into SEND after a small SUI penalty, which reduces over time.
Galxe has launched a new quest with the Algorand Foundation, offering participants a chance to win from a 2,500 USDC prize pool. Users can join by completing a series of tasks on Galxe Quest.
Kinto has released Yapper rewards for Ascension Month, with a 3,000 $K allocation based on a snapshot taken on May 31. Eligible participants can now check the reward distribution via the official spreadsheet.
Ostium is rewarding early supporters through Cookie DAO. Users can visit cookie.fun, check their profile, and claim any available rewards via pop-up.
WLFI has airdropped over $4 million worth of USD1, with each eligible holder receiving $47βautomatically, with no claims or links required. The move excludes certain jurisdictions like New York.
The team is now considering making WLFI tradable based on community feedback.
WalletConnect has launched a new quest on Layer3 to celebrate its $WCT expansion to Solana. Users can complete a quiz and tasks for a chance to earn rewards. The activation is now live on Layer3.
Elys Network has wrapped up Season 1 and opened rewards for claiming. Season 2 is now live, continuing the push to deepen liquidity ahead of the upcoming PerpDEX launch. Users have three months to participate by providing liquidity and earning rewards.
Jumper has launched Lisk Surge Epoch 2, distributing 252K LSK and 80K OP over the next three weeks to boost DeFi activity and liquidity in the Lisk ecosystem. Incentives include dynamic APRs across 6 pools on Velodrome and 3 vaults on Mellow.
Participants can also earn a 2x XP boost on JLP for completing Lisk Surge missions.
Meteora has committed $1M to support teams building Capital Markets infrastructure on Solana. By leveraging Meteoraβs audited tech stack, projects can fast-track development and focus on product-market fit while Meteora manages the backend infrastructure.
Galxe has launched a new Earndrop with Kryll, offering 50,000 $KRL tokens to participants. The rewards will be distributed in two phases, with 25,000 $KRL allocated in each round.
Farms π§π»βπΎ
LiquidLaunch has launched LIQD staking, offering real yield with 100% of protocol revenue distributed to stakersβno emissions or inflation. Users earn HYPE automatically by depositing LIQD, with rewards claimable anytime and withdrawals protected by a two-step process and 7-day timelock.
Liquity and Yearn have launched yBOLD, a yield-bearing version of BOLD built on Yearn V3. It offers automatic yield optimization across Stability Pools with no fees, permissions, or oracles required.
Users can further boost returns by staking yBOLD for st-yBOLD to earn SP rewards.
Silo Finance has reintroduced correlated markets for Pendleβs fixed yield tokens, enabling leveraged strategies across three pairs: PT-wstkscUSDβUSDC, PT-wstkscETHβETH, and PT-wOSβS.
Kelp DAO has activated $KERNEL rewards on Equilibria following community votes. Users can now stake LP tokens for rsETH, agETH, or hgETH on Ethereum Mainnet to earn a share of $750 in KERNEL incentives.
f(x) Protocol has launched the fxSAVE/scrvUSD pool on Curve, introducing a new yield-bearing stablecoin pair. A gauge vote is now live to direct emissions toward the pool.
Drift now offers 8.2% APY for staking SOL, with the added benefit of using staked SOL as collateral within the protocol. This dual utility enhances capital efficiency for users engaging in DeFi on Drift.
Spectra has activated a 30x Coinshift multiplier on the csUSDL pool, offering maximum point and yield rewards for both Yield Token holders and LPs. The campaign runs through June 30, with over $4.6M in liquidity already committed.
Silo has launched a yUSD-USDC market on Silo Sonic, allowing users to borrow USDC against yUSD or lend USDC to earn interest and Sonic points. yUSD is a yield-bearing stablecoin from YieldFi. Both lending and borrowing earn standard Silo Points.
Pendle has launched its first pools for Euler Finance, featuring USDC (Euler Yield) and ETH (Euler Prime), both maturing on Dec 18, 2025. Users can now trade and speculate on lending and rewards APY, including rEULβa locked form of EUL convertible over six months.
RateX has introduced fragBTC, the first yield-bearing BTC on Solana, developed by Fragmetric using the FRAG-22 standard. Co-launched with Solv Protocol and Zeus Network, fragBTC offers BTC staking rewards and optimized BTCfi yields.
Users can earn 4x F Points and 5x RateX Points by farming early.
KelpDAO has launched new Superchain rewards for the wrsETHβWETH pool on Optimism via Balancer v3. Users can earn 4.5K OP weekly, 2x Kernel Points, and 1x Programmatic EIGEN rewards. The pool is now live for deposits.
Kamino has integrated SyrupUSDC, enabling institutional yield strategies on Solana via Mapleβs fixed-rate markets. Powered by Chainlink CCIP, SyrupUSDC is transferable between Ethereum and Solana.
Up to $500K in rewards will be distributed across Kaminoβs Earn and Multiply products, with users eligible for direct rewards through Maple Markets.
OpenEden has launched a new Bills campaign with Equilibria, offering 12x Bills points and boosted yield for users who deposit Pendle cUSDO LP tokens (20 Nov 2025) into Equilibriaβs cUSDO pool. The boosted rewards are available for a limited time.
Velodrome has listed sUSDC, the new stablecoin from Spark, now live on Unichain and OP Mainnet. sUSDC is available for trading and LP with WETH and USDT0, with emissions active and incentives on the way.
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