Last Week in DeFi: Liquity V2 Relaunches, Fluid Coming to Solana, High APYs on BOLD, and many more...
Launches π
Liquity V2 has launched on Ethereum Mainnet, introducing user-set interest rates and the $BOLD stablecoin with real yield. Users can stake $LQTY to manage protocol liquidity and earn rewards from V2-friendly forks.
FlipVault has launched on Aptos, enabling users to barter trade their Aptos NFTs with both friends and strangers. Early adopters can earn rewards during the first week of mainnet, influencing future community airdrop eligibility.
Liminal has introduced its Core stage, enabling users to design and run automated delta-neutral strategies on assets like BTC, ETH, and FART via Hyperunit. The update brings self-custody access, higher TVL and user caps, and broader invite distribution.
Users earn invite codes based on balances, and 100 new codes are allocated for onboarding active community members and builders.
Circle has launched the Circle Payments Network (CPN) on mainnet, enabling real-time, USDC-settled cross-border payments for institutions. CPN supports B2B payments, remittances, payroll, and treasury functions via blockchain infrastructure.
Jupiter has launched its all-new Portfolio, now accessible via the main navigation. The update offers a redesigned interface with advanced wallet tracking, multi-wallet management, and deep insights across over 100 protocols.
Features include fast wallet switching, dApp filters, and an Activity scanner for actionable transaction data on Solana.
Kamino has launched V2, introducing automated Earn Vaults with risk-profile strategies, a data-rich Pro Borrow dashboard, and a modular market layer built for institutional-scale DeFi. V2 also features Margin Leverage with low fees and expands into RWAs on Solana.
Over $285K in monthly incentives will fuel new market growth, including mSOL and bSOL looping strategies.
EigenLayer has launched the Verifiable Apps page v1, showcasing a growing list of apps built on its platform. Users can explore by AVS or category and view app cards. While the current version is read-only, interactive features are on the way.
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Issues β οΈ
Zunami Protocol reported a hack resulting in the theft of collateral for zunUSD and zunETH. The team is currently investigating the incident.
Updates π°
Solv Protocol introduced SolvBTC.AVAX, a yield-bearing BTC token backed by tokenized U.S. Treasuries and private credit, deployed on Avalanche. The initiative integrates RWA partners like BlackRock BUIDL and Hamilton Lane SCOPE to bring institutional-grade RWA yields to Bitcoin.
Aptos announced LFM, a new program to support Aptos entrepreneurs in launching token generation events (TGEs). The program offers dedicated support, elite network access, and guidance on fundraising and token strategy, featuring leading DeFi projects like Aries Markets, Amnis Finance, Pact Consortium, and Echo Protocol.
Solv Protocol integrated with Rootstock (RSK) to enhance Bitcoinβs DeFi capabilities, leveraging RBTC, an EVM-compatible asset pegged 1:1 with BTC. This integration enables native BTC yield through staking and lending without relying on fragmented wrapped assets.
Nillion announced "The Nillion Standard," proposing a privacy-focused approach to building an intelligent internet. The initiative aims to prioritize scalability without relying on surveillance or data monetization.
LayerZero integrated with Bittensor, enabling ERC-20 assets on Bittensor's EVM to expand to over 130 chains. This move enhances interoperability and connects Bittensor's decentralized commodity markets with the broader crypto ecosystem.
Gamma announced a partnership with Hemi to improve trading pair spreads across the Hemi Network. The collaboration aims to enhance trading efficiency while allowing LPs to earn passively.
Virtuals Protocol launched Arbus Token ($ARBUS) for trading on Uniswap and Virtuals with the $ARBUS/$VIRTUAL pair. Users can explore the chart on Dexscreener and access the token on Virtuals.
Clearpool launched the Clearpool Bridge on Solana, enabling $CPOOL transfers between Ethereum and Solana. The integration, powered by LayerZero, aims to expand RWA lending opportunities in the Solana ecosystem.
Jupiter Perps has integrated Chainlink Data Streams to enhance the stability of its onchain perps market. The integration provides low-latency market data, aligning with Jupiter's high-performance infrastructure.
Sky Protocol has introduced SKY as its sole governance token, replacing MKR. MKR holders can upgrade to SKY at a rate of 1 MKR = 24,000 SKY before September 18, 2025, to avoid a time-based penalty.
SKY offers full governance rights and access to the Sky Staking Engine for earning rewards.
Euler Labs, in collaboration with K3 Capital, has launched the BNB Yield Hub, offering optimized yields, elevated LTVs, and native rewards.
Users can borrow BNB against high-yield derivatives without stablecoin or low-liquidity altcoin exposure, leveraging asset loops for boosted returns.
Maple Finance has integrated syrupUSDC with Solana DeFi using Chainlinkβs Cross-Chain Token (CCT) standard. This enables permissionless cross-chain transfers, enhancing interoperability for syrupUSDC on Solana.
Upshift has launched HyperEVM vault points in its UI, allowing users to track points for HyperBeat Ultra HYPE and BTC deposits. The platform has accumulated over $40 million in TVL, emphasizing hyperliquid assets.
Dune has unveiled its refreshed developer portal at sim.dune.com, offering a full suite of real-time API endpoints for wallets and portfolio tracking across 60+ chains. The launch marks the official rollout of dunesim (/Echo/) after six months in beta.
Rabby Wallet has added support for the HyperEVM chain from Hyperliquid, allowing users to access the network through its multichain interface.
DeBank has added portfolio tracking for several protocols on the HyperliquidX chain, including HyperSwap, Hyperstable, Laminar, Morpho, Sentiment, and Magpie XYZ.
Liquity V2 has integrated Chainlinkβs Cross-Chain Token (CCT) standard for $BOLD, making it a cross-chain native stablecoin. Users can now bridge $BOLD across Ethereum, Arbitrum, Optimism, Base, Scroll, Avalanche, and more through a unified interface.
Centrifuge has partnered with Plume Network to expand tokenized financial products within the Plume ecosystem. The collaboration includes deploying Centrifuge V3 on Plume and launching PlumeArc, a tokenized RWA launchpad powered by Centrifuge.
YO has integrated with IPORβs Fusion vaults to enhance its yield strategies. The partnership enables YO to access optimized yields and advanced looping mechanisms, leveraging Fusionβs infrastructure to deliver more sustainable, risk-adjusted returns for users.
River has launched staking for satUSD, now live as part of its ecosystem. The campaign emphasizes early participation with the message βEarly plays get paid,β signaling potential incentives for initial stakers.
Clearpoolβs Ozean has partnered with Brickken to expand institutional access to on-chain RWAs. Projects building on Ozean can now use Brickkenβs infrastructure to tokenize equity, debt, and other assets.
Ethereum onchain data is now accessible through Microsoft Fabric via Space and Time. This integration allows Microsoft developers to query indexed blockchain data from Ethereum, Bitcoin, and Sui directly within the Fabric analytics platform.
YO has integrated with Euler v2 to enhance its vault strategy, offering users automatic access to optimized, risk-adjusted yields. The integration brings Eulerβs flexible lending infrastructure into YOβs ecosystem for smarter DeFi earnings.
LayerZero has introduced OneSig, an open-source framework enabling execution of multiple transactions across blockchains with a single signature. Developed in response to recent security incidents, OneSig enhances multi-chain coordination by using a merkelized transaction structure and threshold multisig validation.
Huma Finance has revealed the tokenomics for $HUMA, its utility and governance token for the PayFi ecosystem. The 10B capped supply includes a 5% airdrop, 31% for LP and ecosystem rewards, and multi-year vesting for team and investors. The initial circulating supply is 17.33%.
$HUMA enables staking, governance, and protocol incentives, with deflationary releases and future airdrops planned.
Derive and Synthetix have mutually withdrawn the SIP-415 and DIP merger proposals after community feedback. Derive will continue operating independently, with trading and liquidity unaffected, and remains focused on scaling decentralized derivatives on Ethereum.
Jumper has integrated Hyperliquidβs HyperCore, allowing users to bridge from any EVM chain directly into USDC for perps trading. Deposits start at just 5 USDC, with support for withdrawals and additional chains coming soon.
Drift has launched Drift Institutional, a service bringing real-world assets onchain via Solana. The initiative debuts with an Institutional Pool for Apolloβs $1B Diversified Credit Fund (ACRED), tokenized through Securitize.
Safe users can now earn real yield on blue-chip assets like USDC, USDT, wETH, wstETH, and wBTC directly within Safe{Wallet}, powered by Morpho via Kiln.
No bridges, external dApps, or custody trade-offs are requiredβjust a single multisig transaction to deposit into yield vaults.
Support for xBTC is now live on Aptos via OKX. xBTC is a BTC-backed token with a 1:1 peg, securely custodied by OKX. Deposits and withdrawals are available, enabling BTC utility within the Aptos ecosystem.
Skate has partnered with Plume Network, bringing shared liquidity to Plumeβs RWA products and enabling their accessibility across multiple ecosystems via the Skate AMM.
Fraxβs frxUSD is now accepted as collateral to mint scUSD on Rings Protocol via Sonic, expanding access to Sonicβs top stablecoin with over $50M TVL. Deposited frxUSD earns yield through Veda vaults, while minted scUSD can be LPβd, staked, or locked for rewards and $S airdrop points.
Aethir is launching its Checker Node Buyback Program on May 27, allowing node holders to sell their licenses in exchange for eATH, which remains locked for one year while still earning ATH rewards.
Early liquidity options via Pendle are planned, along with future potential airdrop mentioned.
Pendle is now listed on the Safe app, making it more accessible to institutions and power users. This integration marks a key step in expanding Pendleβs reach through Safeβs trusted multisig platform.
Resolv Labs has partnered with Ether.fi, adding weETH as a main asset in its ETH cluster. Backed by $6B+ in TVL and leading LST liquidity, weETH strengthens Resolvβs ETH-backed collateral strategy
Euler users now have early access to Brahmaβs Imprintβsoulbound, dynamic NFTs that reflect your onchain activity. The partnership sets the stage for future features, including spending without unwinding positions. Mint is live at imprint.brahma.fi.
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Upcoming β³
FTX Recovery Trust announced it will distribute over $5 billion to creditors in a second distribution on May 30, 2025. Distribution percentages include 72% for Dotcom Customer Entitlement Claims, 54% for U.S. Customer Entitlement Claims, 61% for General Unsecured and Digital Asset Loan Claims, and 120% for Convenience Claims. Eligible creditors will receive funds via Bitgo or Kraken within 1 to 3 business days after the distribution date.
btcSOL teased staking SOL to accumulate BTC, highlighting the potential benefits of combining the two assets upcoming launch.
Sahara AI teased a significant update with the message, "Tomorrow, everything changes," alongside an image hinting at a new testnet release.
Plume announced upcoming BTC interoperability on the Plume network, leveraging BitVM and ZK technology to enhance cross-chain capabilities.
Taiko announced the upcoming Pacaya hardfork on the Taiko Alethia mainnet, scheduled for May 21, 2025, at Block 1,166,000. Node operators must update their software to support Multiproving, including sgxGeth and sgxReth proofs.
Mezo Network has started bridging assets from the Mezo Portal deposit contract to the mainnet. Users may observe asset movements during the process, but funds are secure (SAFU) and en route to mainnet.
YieldNest teases a major announcement set for tomorrow, urging users to turn on notifications to stay updated.
Kamino is integrating ACRED, Apolloβs tokenized credit fund, into its Solana lending platformβmarking the first RWA credit product on Solana. Built on Securitizeβs sToken infrastructure, ACRED will also power Kaminoβs new Multiply Vault, enabling the first leveraged RWA yield loop in the Solana ecosystem.
YieldNest will hold its Token Generation Event (TGE) on June 3. Around 40% of $YND supply is allocated to community incentives.
Users can stake YND for rewards and protocol revenue, with sdYND offering tradable staked benefits and governance rights over rewards, fees, and subDAOs.
Yearn has introduced yBOLD, a tokenized wrapper for BOLD deposited in Liquity V2βs Stability Pools. Users can mint yBOLD at a 1:1 rate or buy via CowSwap, then earn yield through Curve LPs or auto-compounding in st-yBOLD. Rewards come from liquidation fees and Liquityβs interest revenue.
Ebisu announced its upcoming launch on Ethereum Mainnet, with incentives planned for Liquity V2 Stability Pool depositors and DEX LPs. The project encourages users to study Liquity as it prepares for the stablecoin-focused rollout.
Citrea calls for a shift from custodial BTC use to native βΏappsβnon-custodial Bitcoin apps secured by the Bitcoin network. With tools like ZK proofs, BitVM, and atomic swaps, βΏapps aim to restore Bitcoinβs utility in DeFi without wrapping or intermediaries, accelerating BTCβs onchain adoption.
Jupiter is expanding into lending with Fluid, bringing advanced lending infrastructure to Solana. Launching in Summer 2025, Jupiter Lend aims to reshape DeFi lending, just as it did with swaps. Early access available at jup.ag/lend.
Kamino Lend V2 will soon support xStocksβtokenized U.S. equitiesβfollowing their launch by BackedFi in partnership with Kraken. xStocks bring traditional asset exposure to Solana and will be available to eligible Kraken users in select non-U.S. markets.
Airdrops πͺ
dYdX announced the "dYdX Surge Program," distributing $2 million in rewards every month until the end of the year.
N1 announced the public testnet for 01 Exchange is now live. Early testers are encouraged to check their profiles for a surprise. The update includes 1H candles, Twitter verification, a market-making bot, and news filters.
ether.fi launched the "Mint, Spend, Earn" program, offering 600k ETHFI as rewards. Users can earn by depositing into Liquid from their Membership Safe or spending with the ether.fi Cash card, with up to 5% cashback and daily ETHFI accrual. The campaign runs until June 30 or until rewards are depleted.
Sahara AI has launched the SIWA Public Testnet, marking the first step toward decentralized AI development. Phase 1 introduces on-chain data ownership through ERC-721 NFTs, allowing users to upload and tokenize datasets via the Developer Portal.
Future phases will include dataset monetization and a permissionless testnet.
Zerion and WalletConnect will reward another round of $WCT to Zerion users with Level 6 and above, following a snapshot taken on May 19, 2025.
$WCT holders can vote on network upgrades, contributing to WalletConnectβs ecosystem of over 256 million connections.
f(x) Protocol has airdropped over $300,000 in xPOSITIONs to more than 1,000 DeFi users. Airdrop amounts range from $300 to $15,000, and recipients have 15 days to claim.
Non-recipients can get a 50% fee rebate in $FXN for trades within 14 days.
OpenEden has launched the Edeners Program to expand its community and promote RWA tokenization. Participants can earn community recognition, early product access, and monthly rewards.
Open to creators, builders, and DeFi users, with applications reviewed based on contributions to OpenEden.
Airdrop is live for eligible SOON contributors including Big Bang participants, Red Pill Cabal, NFT badge holders, and OKX Cryptopedia users. Claim at airdrop.soo.network. Team also introduced βLiveTrade,β a livestream-based copy-trading extension building on SOONβs high-performance blockchain.
Giza has launched its G 0.00%β IZA airdrop, distributing 13.8M tokens to ARMA users, social contributors, community stewards, and early Giza builders. ARMA participants received 11M+ tokens based on capital and duration metrics scored by Giza Points. Claim and stake now at gizaprotocol.ai/claim.
Season 2 is live, encouraging deeper agent adoption and onchain engagement.
Layer3 has launched a new campaign with WalletConnect, focusing on governance education and participation. Users can now explore how WalletConnect is governed and contribute to its future through interactive tasks on app.layer3.xyz.
Distribute.ai has opened its airdrop claim page for both users and presale participants. Out of 500k provider creators, 100k qualified for rewards, with 23k submitting wallets. Launch is set for later today.
Skate has launched its Kaito Earn campaign, now running for a shortened final 6 weeks. Participants earn points through yapping activity and trading volume via referrals, with multipliers applied.
A snapshot for Month 3 takes place in 3 days, and up to 1% of SKATE supply is allocated to early contributors and top yappers.
Spark has launched Spark Points, allowing users to complete missions, earn points, and progress through the Sparkverse. Users can now begin climbing the ranks by engaging with the platform and completing assigned tasks.
Polynomial has launched a new Layer3 quest offering $OP rewards, APR, and multipliers for participants. Users can join the "One Deposit. Multiple Rewards" campaign to start earning by depositing through the platform.
Folks Finance has opened registration for the Founders Pass whitelist. Users can sign up at folks.finance/whitelist and boost their chances by interacting with the announcement post. Spots are limited.
Huma Finance will open airdrop eligibility checks on May 24, with claims starting May 26. Thereβs no vesting, and $HUMA will list on Binance on May 26 at 1 PM UTC. Snapshot was taken on May 18.
Season 2 is underway, and a presale is available for JUP stakers at a $75M FDV.
Brahma has launched the Imprint NFTβsoulbound, dynamic, and freeβshowcasing your onchain journey. Jumper is celebrating Imprint Day with a +1 level boost for the top 5,000 JLP Knights.
Check eligibility and mint at imprint.brahma.fi.
TEN has launched its airdrop checker for Chapter One. Users can now verify their eligibility at airdrop.ten.xyz. The team hints that more is coming soon.
SEDAβs Incentivized Testnet is now live, kicking off with Week 1 focused on RWA data feeds for tokenized treasuries or commodities. The most voted Oracle Program wins 250 USDC. Submissions are due Mondays, with voting from Tuesday to Thursday
HYPER airdrop claims have officially ended, but Hyperlane will continue distributing rewards through its ongoing Expansion Rewards program. Loyal users and developers can expect quarterly HYPER distributions.
Farms π§π»βπΎ
Equilibria launched SuperETH, offering boosted APY and 50x Superform Points. SuperETH optimizes ETH yields across lending protocols like Morpho and Euler, providing enhanced returns for depositors.
Pendle introduced wcgUSD, a stablecoin from CygnusFi, designed as a Web3 Instagram app layer. The stablecoin generates yield from RWA sources, including short-term US Treasuries, and offers Cygnus points to Pendle users.
Shadow Exchangeβs x33 token is now available on Euler Finance, offering a supply APY of 103.29% with a max LTV of 77% for USDC and scUSD pairs. The MEV Capital-curated vault allows leveraging x33 while maintaining compounding yields.
Fluid has launched the USD0-USDC DEX pool, offering lending APR, trading APR, and $USUAL rewards for liquidity providers. Early participants can boost yields while supporting USD0 liquidity through Fluid's platform.
Falcon Finance has listed PT-sUSDf on Morpho, enabling yield maximization by depositing PT-sUSDf, borrowing USDC or USDf, staking for more sUSDf on Falcon, and depositing on Pendle.
Silo Labs V2 has launched with boosted Silo Points for specific markets, including wstkscUSD-USDC, wOS-S, and beS-S, offering 2x points on deposits and borrows. Users can maximize rewards through eligible loops marked with a yellow diamond in the UI.
Aegis is now live on Superform, offering users the opportunity to deposit into Euler vaults from any chain and earn 3x Aegis points, 5x Superform points, rEUL rewards, and YUSD lending APY.
Level has launched a new USDC vault in partnership with Steakhouse, powered by Morpho. The vault allocates 100% of its exposure to lvlUSD, slvlUSD, and Pendle PTs tied to Level markets. Depositors earn lending yield with a 5x Level XP boost.
Reservoir's rUSD and srUSD stablecoins are now supported on Euler Yield. Users can lend rUSD or supply srUSD as collateral to earn points and incentives from a $20,000 rewards pool.
mETH Protocol is now live on HyperSwap with a new cmETH/uETH v3 pool offering 20x Powder rewards under Season 3: Methamorphosis, plus HyperSwap Points. The integration on HyperEVM features advanced liquidity tools like smart routing and single-token deposits.
Liquity highlights the yield potential of $BOLD beyond borrowing. Users can earn up to 39% by depositing in the Stability Pool or up to 23% by providing liquidity on Curve. $BOLD can also be bridged to Base and Optimism via CCIP for LP opportunities on Aerodrome and Velodrome.
Giza clarified its 15% yield structure for ARMA users: around 8% comes from base lending yields (recently averaging 9.75% and 8.3% APR), with weekly $GIZA rewards topping it up to 15%.
Users can enable auto-staking for an extra 4% APR. Weekly distributions begin May 26.
Swell and Euler are offering rewards for supplying WETH on Swellchain via Euler Finance. Over the next two weeks, users can earn 1,300 rEUL ($10K) and 2.4M wSWELL ($20K). Users can also loop positions easily using Euler Strategies.
Pendle has integrated Falconβs sUSDf, a yield-bearing version of USDF offering 14.3% APY through delta-neutral institutional strategies. Users can go long via YT, lock in fixed yield with PT, or provide LP for additional rewards and fees.
PENDLE LP incentives for the sUSDf market go live on April 25 at 00:00 UTC.
SolvBTC.JUP is now open to all users with no KYC required. Deposit BTC to mint SolvBTC.JUP, a yield-bearing token on Solana that earns from Jupiterβs JLP pool fees and positive funding rates through a delta-neutral CEX hedge.
Yields are auto-compounded, offering BTC exposure with onchain, passive income.
Superform has launched the PT-SuperUSDC/USDC market on Morpho, allowing users to leverage SuperUSDC by borrowing USDC against Pendle PTs. Gauntletβs USDC Frontier Vault is allocating to the market.
Lenders earn 5x Superform Points on Morpho, or 10x when depositing via Superform.
OpenEdenβs $USDO gains deeper DeFi utility as Seamless Protocolβs USDC Vault now allocates to Morpho via Spectraβs PT-cUSDO. This move boosts liquidity, supports tokenized yield strategies, and enhances capital access for users on the Based Morpho ecosystem.
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