Last Week in DeFi - Meteora Launches V2, Euler Launched EulerSwap, Ripple's RLUSD Live on Euler, and many more...
Launches π
Meteora has launched v2 with a redesigned UI, new branding, and enhanced features including concentrated and locked liquidity, portfolio management, and upcoming real-time PnL tracking.
The update reflects a broader push to support LPs and expand the platformβs reach.
Hyperdrive has launched a stablecoin money market built for Hyperliquid, enabling users to borrow USDe or USDT0 against idle assets like BTC, ETH, SOL, and HYPE. Integrated with Hyperliquid precompiles, it unlocks deeper liquidity, composability, and utility across the ecosystem.
Backed by top crypto funds and partners, Hyperdrive aims to bring capital efficiency to the $10B+ daily volume of Hyperliquid.
Malda (formerly Mendi Finance) has launched Unified Lending on mainnet, enabling users to lend across chains and borrow to any chain through a global liquidity pool. Powered by ZK tech, the protocol eliminates the need for bridging and offers unified interest rates.
The platform is open-source and has been audited by Veridise.
Euler is launching EulerSwap, a capital-efficient AMM deeply integrated with its lending vaults. LP assets earn yield, serve as collateral, and enable just-in-time liquidity for large trades. Each pool is customizable with full operator control, supports advanced hedging, and is Uniswap v4 compatible.
Backed by 40+ audits and a $500K CTF, EulerSwap aims to be DeFiβs super lending app.
Mezo has launched its mainnet, introducing MUSDβthe first stablecoin fully backed by Bitcoin. Users can borrow against BTC, spend MUSD, earn yield, and trade perps without banks or custody risks. The platform powers a circular Bitcoin economy with integrated DeFi tools like Velar, ZeroLend, and BitFi.
Gamma has launched the first on-chain limit order book built on Uniswap V4 using its LimitOrderHook. Users can place gas-only single-tick limit orders, earn swap fees, and manage orders non-custodially. Live now on Unichain and Base, it brings CEX-like functionality fully on-chain with fee-free order creation and decentralized execution.
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Updates π°
Plume met with the SEC Crypto Task Force and U.S. Treasury to discuss how onchain tokenization could improve liquidity and transparency in traditional markets.
The team emphasized that blockchain ecosystems like Plume can support U.S. financial competitiveness under the right regulatory framework.
UniswapX now protects users from MEV by routing swaps through private fillers that access onchain and offchain liquidity via Dutch auctions. This intent-based system prevents front-running and sandwich attacks, defaulting to Uniswap Protocol if no better route is found.
IPOR Labs has integrated Fusion Vault optimizers into Bunniβs shapeshifting DEX, enabling users to earn on unutilized stablecoin liquidity in Bunni pools. The update aims to maximize yield efficiency across the platform.
Solv Protocol has integrated Chainlink Proof of Reserve to provide real-time, onchain verification of over $2B in BTC and RWA-backed products, including SolvBTC and xSolvBTC.
The integration strengthens transparency and compliance for institutional allocators, including Shariah-compliant capital, as Solv expands its BTCFi offerings across Ethereum, BNB, and other chains.
Exponent has launched its fixed yield tokens on Kamino, integrating PT-fragSOL and PT-kySOL into Solanaβs leading lending markets. Users can borrow SOL against these zero-coupon-like assets for leveraged returns. Kaminoβs custom oracles ensure PT token pricing is resistant to manipulation, while Exponentβs contracts are secured by multiple audits.
Omni X Gacha is now live on Hyperliquidβs HyperEVM, featuring 88,888 NFT mints with 888 winners selected via Gelatoβs verifiable randomness (VRF). The process is fully onchain, transparent, and tamper-proof, with rewards distributed to minters, not creators or platforms.
Superform has added Hyperithm USDC, curated on Morpho, as a new yield source for SuperUSDC on Ethereum. The vault is now actively allocated to this strategy.
mETH Protocol is now live on HypurrFiβs Isolated Markets, enabling users to borrow UETH against cmETH with up to 80% LTV. Depositors earn 10x Powder points in Season 3 and HypurrFi points for activity, expanding cmETH's utility as a composable LRT on HyperEVM.
Arbitrum has launched the Yapper Challenge with Kaito, featuring a 3-month leaderboard campaign distributing 400,000 ARB. Users can join by connecting their X accounts via yaps.kaito.ai and posting Arbitrum-related content.
The top 50 each month will earn ARB rewards, with additional monthly challenges offering more chances to win.
DIA has launched its Lumina oracle stack on Optimism, providing onchain, verifiable price feeds with support for both push and pull models. The integration enables flexible, transparent data access for Optimism-based applications.
Curve has launched on Plume as part of its Genesis rollout, offering efficient stablecoin swaps and access to tokenized real yield liquidity. With Curveβs $2B+ TVL and $240B+ volume backing, Plume aims to become a core hub for RWA-first DeFi. More integrations and vaults are planned ahead of the mainnet launch.
DeFi Saver has added full support for Fluidβs DEX Vaults, enabling users to earn swap fees on markets like weETH-ETH, WBTC/USDC-USDT, and more. The integration includes 1-tx leverage creation, manual Boost & Repay, and full vault management for both EOAs and smart wallets.
Rabby Wallet has integrated Plume Network, expanding its multichain support for users interacting with Plume-based applications.
TaoFi has deployed Uniswap V3 on Bittensor EVM, enabling users to bridge USDC from Ethereum and Base, swap it for $TAO, and provide liquidity on the USDCβ$TAO pool. Users bridging over 100 USDC receive gas in TAO.
The rollout aims to simplify alpha token access with one-click swaps using $ETH or $SOL.
HyperSwap has launched cmETH powered by Mantle on its platform, starting with a cmETH/uETH v3 (0.05%) pool offering 20x Powder rewards and HyperSwap Points as part of Season 3: Methamorphosis.
Maestro has launched full trading support for HyperEVM, integrating with DEXs including LiquidLaunch, HyperSwap V2/V3, and KittenSwap V2/V3. Users can now access the full Maestro trading suite on the new chain.
Liquity V2βs first mainnet fork goes live with Asymmetry, introducing support for $cbBTC and $WBTC. Users will be able to set their own borrowing rates, with USDaf set to launch on May 28.
Starknet has enabled USDC Runes on Bitcoin via a new bridge backed 1:1 by locked reserves on Starknet. Users can redeem trustlessly or use StarkGate soon for easier UX. More assets and DeFi use cases like perps and lending are on the way.
Lighter has surpassed $100M TVL in its private beta and is rewarding every active trader with 5 invite codes. These can be shared with top traders ahead of next week's trading competition.
Gauntlet has launched two Extrafi XLend vaults on Morpho: WETH and USDC. These vaults optimize yield across high-demand collateral markets on Base, offering MORPHO and EXTRA rewards. Collateral includes cbETH, wstETH, cbBTC, LBTC, and weETH with LLTVs up to 96.5%.
Issues β οΈ
Hyperliquid reported that the HyperFND Twitter account was compromised but confirmed the Hyperliquid blockchain remains unaffected. Users are advised to avoid interacting with any links or tweets from the compromised account.
Cetus disclosed full details of the May 22 exploit targeting its CLMM pools, caused by a flaw in the
inter_matelibraryβs overflow checks. The team acted quickly to disable contracts and coordinate with Sui validators, freezing over $160M in attacker funds.Legal steps and a white hat recovery offer are ongoing. Cetus plans to relaunch pools after cross-audits, and is implementing tighter monitoring, stricter audit cycles, and LP recovery mechanisms.
Upcoming β³
Sophon is distributing 900M SOPH (9% of total supply) to L1 farmers and early supporters, with claims available through OKX or Sophon Mainnet at TGE. Holders can stake during the claim window or later via Sophon Home, with rewards compounding every ~15 minutes.
Atlantis will host its AQUA Farming Fair Launch from May 31 to June 4 on Sonic, offering a public, VC-free sale. Participants earn yield during the sale and receive 70% AQUA and 30% xAQUA at a final market-set price. Rewards include xAQUA farming bonuses, GEMS incentives, and referral payouts, with xAQUA unlocking real yield and governance.
Liquity's sBOLD and yBOLD go live this week, offering auto-compounded Stability Pool rewards and yield-bearing collateral for use across lending markets. These wrappers also enable users to tap into fork rewards across 15+ ecosystems, expanding BOLD's utility.
Resolv will launch its staked token $stRESOLV on May 27, aiming to support sustainable growth and long-term alignment. Holders can begin claiming and staking via the official platform.
Wormhole Governance is now live, with the first two proposals open for voting: a Code of Conduct and the Governance Proposal Process. Delegates can vote via Tally, while users who have staked and delegated their $W require no action.
Morpho is integrating with Katana, a DeFi-first chain built on Agglayer, to activate yield on bridged assets via VaultBridge. Users can join Katanaβs pre-deposit campaign by bridging ETH, USDC, USDT, or WBTC to earn lootboxes with KAT tokens, NFTs, and more ahead of the mainnet launch in late June.
Origin Protocol has proposed allocating 100% of all protocol revenue across its products to $OGN buybacks. The move aims to strengthen value accrual and align protocol usage with tokenholder incentives.
Airdrops πͺ
Matchain reminds users to link their MatchID to MatchQuest points ahead of the upcoming snapshot and highlights that holding a Genesis License via Gems Launchpad can boost airdrop tier eligibility. The snapshot is expected within the week.
Talus Network has launched a new quest interface with updated tasks for users to earn points toward a potential airdrop. The Layer 1 chain, backed by Polychain and Animoca Ventures, supports onchain AI agents across DeFi and gaming. Users can reconnect wallets, merge old accounts, and complete daily missions via the Talus hub.
Sky has launched its campaign on Layer3, with over 18,000 users already completing the first three quests. A fourth quest is set to unlock next week as the campaign progresses.
Huma Finance has launched its $HUMA token, marking the decentralization of its PayFi network. Users can now claim and stake $HUMA until June 26, with staking rewards, bonus incentives for $PST and $mPST holders, and Vanguard status for six-month commitments.
Matchain is launching an Airdrop Tracker to show user rankings and boost options ahead of the upcoming snapshot. Scores factor in MatchID level, quest points, on-chain activity, NFTs, and Genesis License bonuses.
Layer3 has launched Wave 2 of its campaign, inviting users to restake BNSOL and bbSOL with Fragmetric to participate.
Galxe has launched Gigapot on its Rewards Hub, offering 2,000 USDT in prizes. Users can join by purchasing tickets with GG points.
Staked $RESOLV claims are now live at claim.resolv.xyz. The airdrop rewards users based on their point totals, with tiers ranging from up to 250 $RESOLV for active wallets to scalable distributions for those with 2Mβ3.2B points. Large recipients over 50,000 $RESOLV have separate terms. Staking rewards began from day one.
Sophon has introduced $SOPH as the core of its ecosystem, aiming to onboard mainstream users via practical products that monetize user data while offering rewards. The claim and staking process is now live, inviting early participants to engage through their official site.
Humanity Protocol is distributing $2.2M in $H to Kaito stakers and Yappers, rewarding verified human activity. Users must secure a Human ID, connect X, and complete palm verification. Credentials will power token rewards and access across Web3 apps.
Lagrange has opened registration for the $LA airdrop, closing on June 2, 2025. The initiative supports its mission toward verifiable AI and a decentralized internet. Eligible users can check and register now.
Irys has launched Questland, a platform for engaging in community activities, testnet tasks, and games. Users can complete quests to earn points and deepen involvement with the Irys ecosystem.
Farms π§π»βπΎ
Cygnus highlights Pendleβs wcgUSD yield strategy, allowing users to mint PT, borrow against it, and loop for higher returns. The strategy targets users seeking alternatives to low APY lending, with access via Pendle's Base Points Market.
Momentum has launched new liquidity incentives on Sui, offering up to 196% APR on SUI-USDC and 47% APR on USDC-suiUSDT, with 3X Bricks rewards across all pools. The campaign aims to boost ecosystem activity with some of the highest yields on Sui.
Bluefin has boosted rewards for SUI, WAL, DEEP, and USDC on its Spot platform. The protocol hit new all-time highs with $120.6M in total supply and $48.3M in borrows, while total volume reached $60.5B and TVL stands at $153M.
Puffer Finance has launched Rewards Epoch 9, offering 3 million CARROT tokens to participants staking across its ecosystem.
Penpie has launched a boosted wstkscETH pool for Rings Protocol users, offering 8x Sonic, 3x Veda, and 1.5x Rings points. Deposits are now live via Sonic Labs for enhanced point rewards.
Trust Wallet users can now earn up to 7.3% APY on idle stablecoins with Stablecoin Earn, supporting USDT, USDC, DAI, and USDA. Over $30M has already been deployed into the program.
WOO X has launched a campaign featuring $USDf, Falcon Financeβs decentralized stablecoin with over $410M TVL and yields above 10%.
Users can earn rewards by depositing WOO into earn vaults or lending USDf in fixed pools. A 10,000 USDf prize pool is live through this week.
Puffer Finance has launched the pufETH Vault on TAC, offering 9.58% native yield and 43.49% in CARROT rewards, plus 1.75x TAC and 2x Concrete points.
The vault, part of a campaign with TacBuild and Turtle Clubhouse, targets TONβs Telegram-based ecosystem ahead of TAC mainnet launch by end of May.
Bedrockβs $uniBTC pool is now live on Pendle via BNB Chain, with integrations on Penpie and Equilibria offering boosted rewards. Users can earn 3x Bedrock Diamonds, 1x Babylon Points, and up to 2.5x APY through vote-directed emissions and native bribes.
Level has increased its XP multiplier to 50x for users allocating to September-dated lvlUSD and slvlUSD Pendle pools via Penpie. The boost runs through June 1 and rewards early liquidity positioning in the upcoming pool cycle.
Ethereal has added support for eUSDe and August PT-eUSDe on Aave, enabling users to access high fixed-rate yields via Pendle. The platform now holds over $1.2B in total USDe deposits, reinforcing its position in DeFi fixed income.
Liquity highlights four yield strategies for $BOLD: deposit into Stability Pools (10%+ APR), LP on Curve (BOLD/LUSD or BOLD/USDC, 13β18%+ APR via PIL), or bridge to Base and Optimism via CCIP to LP on Aerodrome and Velodrome. All options are eligible for additional fork rewards.
Superform has listed Etherealβs Season Zero Pre-Deposit Vault, offering users 1x Ethereal Points, 30x Ethena Rewards, and 5x Superform Points. Ethereal is set to launch as a spot and perpetuals DEX on Converge.
Kelp has secured MOVE incentives via Canopyβs DeFi Spring Wave Three to enhance rsETH vault rewards. Users can now earn MOVE by depositing rsETH into supported vaults.
Rippleβs institutional stablecoin $RLUSD is now live on Euler, allowing users to lend, borrow, or use it as collateral. Incentives are available for RLUSD lenders via Euler Yield.
Euler has listed SyrupUSDC, Mapleβs yield-bearing stablecoin backed by overcollateralized institutional loans. Users can now borrow, lend, and use it as collateral on Euler, with its Pendle PT variant also available.
HyperLend has listed sUSDe, Ethenaβs staked USDe, with 5x Ethena rewards for suppliers. Users can mint sUSDe via Ethena and bridge it to Hyperliquid or swap directly on Curve. While it offers yield, borrowing against sUSDe carries liquidation risks.
Pendle has launched a new maturity pool for OpenEdenβs cUSDO (Nov 20, 2025), featuring record-high Bills Campaign multipliers: 20x for YT and 12x per $1 LP. cUSDO is Pendleβs top-performing pool with $180M TVL and >80% of USDOβs supply.
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