Last Week in DeFi: LayerZero Introduces Hyperbridge, Euler Live on Unichain, Kamino Season 3 Airdrop Checker, and many more...
Launches π
LayerZero has introduced Hyperbridge, enabling seamless asset transfers into Hyperliquid from any LayerZero chain. Initially supporting USDT0, USDe, PLUME, COOK, USR, and RLP, Hyperbridge serves as a single bridge for moving assets to HyperCore and HyperEVM.
Early partners include USDT0, Ethena Labs, Plume Network, Mantle, and Resolv Labs. Asset issuers, including stablecoins and LSTs, can now integrate into Hyperliquid with LayerZeroβs streamlined interface.
Plume Network launches Plume Alpha, the first phase of its mainnet journey, blending onchain RWAs with native crypto functionality like staking, swapping, lending, and borrowing. The next phase, Plume Genesis, will follow after establishing deep liquidity and a robust ecosystem.
HyperTracker launches, offering real-time tracking of every wallet and open perp position on HyperliquidX. Users can explore cohorts by Perp Equity and PNL, view top trades, and assess liquidation risks. Wallet search functionality is also available.
Securitize and VanEck launched $VBILL, a tokenized U.S. Treasury fund on AVAX, Ethereum, Solana, and BNB Chain via Wormhole. It offers 24/7 liquidity and real-time settlement with a $100K minimum on AVAX, BNB, SOL, and $1M on ETH. Custody by State Street, NAV via RedStone.
Euler is now live on Unichain, offering lending with assets like USDC, WETH, and USDT0. Early users can earn part of $100,000 in incentives.
RISC Zero and Vlayer have launched Vlayer mainnet, enabling Solidity developers with zkTLS web proofs, historical state access, and cross-chain calls. Built on R0VM, it aims to make smart contracts accessible to billions.
Phantom launched Phantom Staked SOL (PSOL), allowing users to earn SOL rewards while maintaining liquidity. Users can mint and stake PSOL directly in the Phantom app.
Virtuals Protocol launched Axelrod, an AI-native hedge fund, on Genesis with a successful $AXR airdrop. The launch saw 7,004 participants and was 2,494% oversubscribed.
Early stakers received the first airdrop, but selling may close the faucet. Future rewards will prioritize long-term holders.
ORO launched its private beta, introducing yield-bearing, composable, and programmable gold as a financial primitive. Early signups will receive access, with a code-gated entry shared via DM.
Users can buy and stake GOLD with ORO.
Defi App launched perps trading using HyperliquidXβs $2T+ engine, allowing users to fund with any token and go 25x long in two clicks. Trades cost just $1 per $10K limit order, earn Degen Arena XP even on liquidation, and require no gas or KYC.
Updates π°
USDT0 is now live on Hyperliquid Spot and HyperEVM, offering seamless transfers across HyperEVM and HyperCore. Users can bridge USDT0 from supported chains into the HyperCore orderbook, leveraging LayerZeroβs LZCompose for unified market access.
Polygon introduces VaultBridge on Agglayer, enabling EVM chains to generate revenue from idle bridged assets without changing existing bridge flows. Managed by Gauntlet and SteakhouseFi, it supports ETH, USDC, USDT, WBTC, and gas tokens, offering a sustainable economic model for L2s.
USD1 is now available as collateral on Aster DEX, making it the first perp DEX to integrate the stablecoin. This move provides traders with dollar-backed stability, marking WLFIβs fourth major integration in a week.
Soneium by Sony Block Solutions Labs is now live on Uniswap, allowing users to swap, bridge, and provide liquidity via the Uniswap Web App and Wallet.
Uniswap Protocol will also be part of Astar Networkβs ACS initiative on Soneium, enabling users to earn ACS points.
DeFiTuna announces a snapshot for its upcoming TGE, including all users who interacted with the protocol from December 14, 2024, to May 10, 2025. The token will be tied to a revenue pool, where stakers can claim a share of protocol income.
Aevo governance update: $AEVO holders have approved the return of monthly onchain buybacks following the AGP-2 proposal vote.
IPOR Labs has completed the IIP-35 snapshot for $IPOR and $pwIPOR holders at Ethereum block height 22446433. Further details are available in the Snapshot FAQ.
Pump.fun introduces creator revenue sharing, allowing coin creators to earn 5 basis points (0.05%) in SOL per trade on their coin. With $10M in trading volume, creators can earn $5,000. Eligibility includes newly created coins, coins still on the bonding curve, or coins graduated to PumpSwap.
Rewards can be claimed anytime via the pump.fun website.
Yield launches YO on Base, offering cross-chain, risk-adjusted yield optimization with flagship vaults (yoETH, yoBTC, yoUSD) already surpassing $10M in deposits. YOβs composable yoTokens enable liquidity across DeFi, supported by Exponential DeFiβs risk ratings.
Fluid launches sUSDS on Arbitrum, allowing users to borrow against sUSDS while the USDC-USDT Smart Debt earns trading fees and reduces borrowing costs.
Sky Protocolβs upgrade from MKR to SKY has passed the governance poll, with an Executive Vote remaining. The plan includes transitioning governance to SKY, disabling SKY-to-MKR conversion, deploying a new conversion contract, and launching SKY staking with USDS rewards.
Aave lists USDtb on the Ethereum Core market, a digital dollar backed by institutional-grade tokenized treasury funds. The supply cap is set at 50 million, and the borrow cap at 40 million.
Berachain Foundation approves the latest batch of RFRVs, boosting BTC liquidity, stablecoin depth, and user engagement through aligned liquidity and staking rewards.
Approved vaults include Beraborrow, Lair Finance, and Solv Protocol.
Rumpel Labs introduces the Auto-Seller, allowing users to automatically mint Point Tokens, convert them to USDC, and receive profits weekly. Users can set a minimum sale price to protect returns. Track performance in the Mint tab after enabling the feature.
Uniswap introduced one-click swaps on the Web App for smart wallets with EIP-5792 support, combining approvals and swaps into one transaction. The Pectra upgrade enables faster, gas-efficient swaps. Smart wallet support for Uniswap Wallet is coming soon.
Hyperliquid has enabled deposits, withdrawals, and spot trading for SOL and FARTCOIN through Hyperunit. Users can now trade both assets on the Hyperliquid platform.
Sonic Labs has launched native USDC with CCTP V2 by Circle, enabling seamless transitions, cross-chain transfers, and institutional on/off-ramps. Bridged USDC is auto-upgraded to native, and CEX support includes Binance.
Polynomial introduced Nitro Mode for faster order execution, Season 3 rewards distributing 100,000 $OP over 14 weeks, and new profile features for tracking top traders.
Pendle reported raised caps with $792M locked on Aave through PT-sUSDe and PT-eUSDe from Ethena Labs and Ethereal. Demand is high, with liquidity running out fast.
mETH Protocol launched Season 3: Methamorphosis, offering a $1,500 prize pool and the "Restaking Alchemist" role for restaking at least 0.02 mETH for cmETH. The campaign runs from May 13 to June 10, with rewards distributed within 7 days post-campaign.
Lista DAO enabled instant BTCB withdrawals from the Berachain Vault with no fees and no waiting time. Users can access the withdrawal feature directly on the Lista platform.
Chainlink, J.P. Morgan's Kinexys, and Ondo Finance completed the first cross-chain DvP transaction, settling Ondo Chainβs OUSG against Kinexys' payment leg via Chainlink CRE. Kinexys processes over $2 billion daily.
Venus Protocol launched USD1 by World Liberty, a stablecoin backed by real-world assets, now live on Venus. Users can supply USD1 to earn yield or borrow to earn XVS.
Stargate launched $STG trading on Berachain via KodiakFi, following a governance vote to deploy $5M in liquidity ($STG/$HONEY) into a CLMM Pool. A reward vault request for the pool will include STG and HONEY incentives. Berachain remains a key liquidity hub for Stargate.
Lido announced wstETH availability on Swellchain, an OP Stack-based L2 focused on restaking. Users can bridge wstETH via SuperBridge, with upcoming DeFi support. Swellchain enhances wstETH's multichain accessibility.
Chaos Labs launched a new SVR Monitoring Platform dashboard on Aave, tracking oracle update timing and accuracy during market volatility. Key metrics include price deviations, feed lag, and update delays to optimize liquidation parameters.
Starknet upgraded to a pure Stage 1 ZK Rollup, reinforcing its commitment to security and decentralization. Stage 2 is planned next.
Ondo Finance launched 24/7 conversions between PayPal USD (PYUSD) and OUSG, enabling seamless minting and redemption. This integration enhances OUSG liquidity and broadens settlement options for investors.
Space and Time's Proof of SQL achieved processing a million rows in under a second using NVIDIA's accelerated computing and a custom GPU framework. This ZK coprocessor significantly speeds up large data volume processing.
Dinero announced pxSOL, a high-yield liquid staking solution for SOL, now live on the Solana testnet. pxSOL offers two options: mint for DeFi farming or stake for SOL yield. The mainnet launch is planned after testing and partnership finalization.
Euler integrated sBUIDL, a BlackRock-backed token issued by Securitize, marking its first DeFi integration. sBUIDL, redeemable 1:1 for BUIDL, can be used as collateral on Euler, with users earning AVAX rewards when borrowing USDC or AUSD.
Jupiter integrated OKX DEX via Juno, enabling automatic routing for Ultra and Manual users when OKX offers the best price.
Ethena Labs announced this week's sUSDe reward distribution at ~8% APY, noting a temporary dilution due to the shift towards USDT-M perpetual positions. The transition will complete by next week, normalizing the APY.
Issues β οΈ
Lido Finance is initiating an emergency vote to replace its oracle node after a suspected private key leak involving Chorus One. The protocol remains secure, and stakers are unaffected, as the oracle system's 9-of-5 multisig has not shown compromise in the remaining 8 nodes.
Curve Finance warns that the Curve Finance Website DNS may be compromised. Users are advised not to interact with the site until further notice.
Curve Finance reported a DNS issue affecting curve[.]fi, directing users to use curve.finance instead. The issue is being resolved, and a full post-mortem is underway to enhance security measures.
Fluid's ETH-USDC DEX pool faced losses due to rebalancing during high volatility, despite leading in trading volume and fees. To mitigate this, Fluid plans to reduce the range to 15% for higher fees despite increased rebalancing losses. DEX v2, launching JuneβJuly, aims to optimize performance with dynamic strategies. FLUID token rewards will support affected LPs until v2 launch.
Upcoming β³
Berachain proposes PoL v1.1 to boost $BERA value by using BGT incentives for permanent liquidity on BEX, redirecting BEX fees to support BERA majors, and easing reward vault guidelines.
Aave Labs proposes a Uniswap V4 Position Manager to the Uniswap DAO, enabling GHO borrowing against LP positions via Hooks. The model includes revenue sharing, with Uniswap earning 50% of GHO borrow profits.
If approved, development will proceed in the coming months.
Bluefin announces that Bluefin Pro is nearing launch, with 30,000 sign-ups within 24 hours of early access announcement. Despite some bots, the overwhelming support highlights strong community interest.
Origin Protocol announces the upcoming launch of Super OETH on Plume, combining ETH staking yield with additional yield bonuses and Plume Points. As Plumeβs first RWA-focused blockchain, Super OETH aims to become the go-to LST, offering deep liquidity and high APYs from day one.
Ethena Labs announced that USDtb is now listed on Aave, with the USDe supply cap raised to ~$1 billion and sUSDe caps increased to ~$1.5 billion. E-Mode for USDe allows up to 90% LTV, and PT caps for sUSDe and eUSDe have been raised.
sUSDe APY is around 8%, while Ethena PT rates range from ~7.5% to ~11%.
Liquity V2 relaunches on May 19 after extensive audits, enabling users to borrow with custom rates, mint $BOLD as a stablecoin, and stake $LQTY for liquidity rewards. Compatible with ETH, wstETH, and rETH.
Starknet partners with Lombard Finance to bring LBTC, the largest Bitcoin LST ($2B TVL), to the ecosystem. Users can bridge LBTC to Starknet, earn rewards via Lombard vaults, and utilize LBTC across Starknet DeFi for lending, borrowing, and liquidity.
Arbitrum announced the upcoming Ethereal testnet. Ethereal has seen over $1.2B in pre-deposits, with a new Pendle pool for eUSDe now live, expiring in August. Season One is expected to begin as this pool matures.
Aethir announced the Checker Node Buyback Program, allowing NFT holders to sell their Checker Node NFTs back to Aethir Foundation for eATH tokens, with a 10% transaction fee.
The program starts on May 22, rewarding early supporters and managing node supply.
Sky initiated an Executive Vote to upgrade MKR to SKY, introducing a new converter at a 1:24,000 rate and enabling SKY as the governance token. The proposal includes SKY staking and disables SKY-to-MKR conversion.
Voting is restricted to weekdays between 14:00 and 21:00 UTC.
Airdrops πͺ
Orbiter Finance has opened the third linear unlock for the $OBT community airdrop, available from May 10, 08:00 UTC to May 13, 08:00 UTC. Loyal users can claim their $OBT on the Orbiter Finance website.
The $SNS airdrop claim opens on May 13, with 2 billion tokens available for eligible wallets. Claims can be made via the SNS airdrop site, with a 90-day window ending on August 11. Unclaimed tokens will revert to ecosystem growth.
Lagrange has launched its inaugural Zealy quest campaign, inviting participants to complete simple tasks to earn XP and unlock the βZealy Questerβ role on Discord. While there's no confirmed airdrop or reward at this time, Lagrange has previously conducted campaigns with token rewards, such as the Mars Pre-Launch Campaign, which offered a 10,000 LAG token prize pool.
Huma Finance reopens deposits on Solana with two modes: Classic Mode earning 10.5% APY and Maxi Mode maximizing Feather rewards. Deposits are liquid LP tokens ($PST for Classic, $mPST for Maxi), with lock-up options boosting multipliers.
SNS launched $SNS with TGE now live, and airdrop claims available at airdrop.sns.id until August 11. Users can join the LFG campaign to earn more by completing missions and earning badges. Liquidity is up on Meteora.
Jupiter Exchange has launched an airdrop eligibility checker through jup_portfolio. Users can check their eligibility at portfolio.jup.ag.
Brahma launched Imprint NFTs with traits like Level (1 to 4), Arc (interaction type), and Tribe (asset focus). Levels reflect engagement, from Initiate to Pinnacle. Stay active for 8 weeks to level up or connect partner wallets for a boost. Mint at imprint.brahma.fi.
Obol Collective announced that $OBOL incentives are now claimable weekly. Stakers through partners can check the Obol Incentives Docs, while those running their own DV Cluster can claim via the DV Launchpad.
Privasea launched LoyalDrop, offering PRAI tokens with flexible claiming: early claims get less, waiting up to 12 months doubles rewards. Eligible users include ImHuman app users, DeepSea Testnet operators, Galxe questers, early supporters, WorkHeart USB node owners, and quest participants.
Eligibility portal is live.
Kamino concluded Season 3, distributing 350M KMNO (~$26M) to users, with boosted rewards for KMNO stakers. Season 3 generated $72.9M in user interest, with staking providing up to a 200% boost.
Season 4 will introduce a new reward model. Airdrop checker is live.
WLFI's governance proposal to airdrop USD1 to eligible holders has passed. The team is preparing next steps and will announce details soon.
Kinetic launched Season 1 of its Solana swap arcade, following $100M in trading volume during Season 0. Players can earn points, build streaks, and compete on the leaderboard.
Farms π§π»βπΎ
Skate AMM has deployed initial USRβUSDC pools from Resolv Labs, spanning Base, BNB Chain, and Ethereum. Hyperliquid's HyperEVM support will launch soon, with access going live next week.
Term Labs introduces new Blue Sheets, offering earning opportunities by lending $USDC against PT-sUSDe at 4.75% (Pendle) and $ETH against ETH+ at 4.75% (Reserve Protocol). Users can start earning on the Term Finance app.
RateX lists Huma Finance's $PST, offering 3x RateX Points and 2x Huma Feathers with PST-2507 trades. Huma, built on Solana, focuses on stable, double-digit yields through real-world payment financing. Users can access yield trading, fixed yield earnings, and liquidity mining.
Bluefin reports an APR of nearly 8,000% on the suiUSDTβUSDC pool on Bluefin Spot. Users can deposit now via the Bluefin platform.
Re7 Capital leverages Pendle to implement a PT-ETH Long/Short ETH Futures strategy, achieving a delta-neutral structure with ~25% APY. By combining fixed-yield ETH positions with short ETH futures, Re7 maximizes capital efficiency while minimizing risk.
Fluid launched new markets on Polygon, allowing LP and borrowing with USDC.e-USDC, collateralizing MaticX, and providing DEX liquidity. Users can borrow USDC-USDT Smart Debt using wBTC, ETH, or POL as collateral.
Spectra integrated FalconStableβs USDf, offering leveraged exposure to sUSDf yield (x16), fixed rates of 12.6% for stacking, and earnings from pool fees and incentives (11.6%). Explore more at Spectraβs platform.
Felix launched Vanilla Markets, enabling borrowing and lending of USDT0 and USDe. Users can earn yield on USDe or leverage HYPE and UBTC as collateral.
Built on MorphoLabs, Vanilla Markets offer traditional borrow-lend features for Hyperliquid traders.
Pendle introduced USDS, Sky Protocol's stablecoin, now eligible for the Spark Points Campaign with a 25x boost for YT-USDS holders and Pendle LP positions. Users can also earn a 10% referral boost through Spark.
Morpho Labs launched lending and borrowing on Optimism Mainnet with OP and WELL rewards via Moonwell.
Users can deposit USDC in Moonwellβs flagship vault to earn WELL, OP, and borrower fees from Morphoβs isolated markets.
Ledger launched stablecoin yields on Ledger Live, offering up to 9.9% APY on USDT, USDC, DAI, and USDS. Powered by Kiln Finance, integrated with Aave, Compound, Morpho, Spark, and SkyEcosystem, users can access DeFi yields directly from the Earn dashboard.
Solv Protocol launched SolvBTC.BERA, offering 8% APR via BGT emissions plus extra rewards with Solv S2 points. Users can boost earnings by joining βΏFF teams, with multipliers based on BTC TVL.
Early deposits qualify for full rewards and boosts.
Pendle launched a new eUSDe pool (14 Aug 2025) on Ethereal, offering 1.6x Ethereal Points and 50x Sats. The previous eUSDe pool (29 May 2025) had $1.05B in liquidity and was the first Pendle PT supported on Aave. Liquidity transfers are now available.
Echelon's total supply on Movement reached $45M, led by USDT, USDC, and sUSDe with over $30M supplied. Users can earn up to 20% APR on stables and 40% on MOVE, with incentives maintaining high yields.
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