Last Week in Defi - $MOVE airdrop goes live, Meteora Expands M3M3 to Creators, Aave Announces V4, and more...

Recap: Week of Dec 9th

Launches 🚀

• Moonwell launches the Moonwell Card, enabling users to spend crypto globally at 44+ million merchants with support for Apple Pay and Google Pay, direct USDC top-ups, no annual fees, and the ability to borrow against on-chain assets to spend without selling.

• Nexus has launched its testnet, inviting users to contribute computing power to its distributed supercomputer network, aiming to build a verifiable internet.

• Kernel DAO has launched its Mainnet on BNB Chain, offering restaking options for BNB, LSTs, and BTC derivatives, along with Kernel Points (KP) for additional rewards. Early participants can earn a 25% bonus, with an initial restaking cap of 10 million, adjustable within 24 hours.

• Brahma is redefining onchain experience with Onchain+.
  With over 10k+ accounts active and $100M+ in TVL, Brahma Account is transforming the traditional onchain experience (led by wallets) with seamless chains and dApps integration, secure asset management, and 1-click onchain actions.
  Just bring your daily onchain activity, stack KARMA points, and unlock Brahma Rewards!

  • Today in DeFi is supported by Brahma

• Astorl has launched its Mainnet, introducing capital efficiency on the Eclipse platform. Users can now earn, lend, borrow, and optimize their returns.

• Balancer v3 launches including improved Developer Experience (10x Custom Pool DX), 100% Boosted Pools for optimized yields, and Hooks enabling customizable AMM strategies. New features include E-CLPs for elliptical concentrated liquidity and BTFs for passive on-chain liquidity. Updates also reduce yield fees to 10%, boost LP token yields by 407%, and increase veBAL returns by 46.7%.

• Pendle launches PendleSwap, enabling multi-coin swaps with the best rates and no extra fees, enhancing DeFi accessibility.

• Kamino launches open access to Swap.Kamino.Finance, offering zero slippage, zero fees, and zero MEV for seamless DeFi trading on Solana.

• Hyperlane introduces Eco Routes, enabling seamless stablecoin liquidity across any chain with easy integration for enhanced cross-chain connectivity.

• Caldera launches Conwai, an Ethereum AI focused rollup live on mainnet, designed to support data processing, model training, and autonomous agents.

• Odos DAO officially launches alongside its Tokenized Loyalty Program, starting December 20, 2024. The $ODOS token enables governance participation and tiered loyalty rewards for users. Early adopters, identified via historical usage, can check eligibility starting December 12 and claim retroactive rewards on December 20.

• PancakeSwap launches PancakeSwapX on Ethereum and Arbitrum, offering zero trading and gas fees at launch for seamless swapping.

• Clearpool launches Ozean’s Poseidon Testnet, advancing toward on-chain native yield through its RWA-focused blockchain. Early adopters can join an event on IntractCampaign to win from a $6,000 USDT prize pool.

• Celestia launches Ginger (v3) on Mainnet Beta, featuring 2x data throughput, 6-second single-slot finality, and 1.33MB/s data capacity.

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Updates 📰

• Seraphnet delays launch by 2 weeks, reallocates public sale tokens as free airdrops to $DEAI stakers, and aligns with the release of its v1 no-code Agent Flow platform, featuring Twitter integration, tokenized agents, and semantic search.

• Uniswap introduces a browser shortcut, allowing users to bridge assets directly for seamless navigation and transactions.

• SushiSwap expands to TRON, introducing v2 Automated Market Maker (AMM) liquidity pools to enhance the decentralized finance experience.

• Spark implemented new savings and borrowing rates. Saving rates, USDS and DAI borrow rate will increase to 12.5%. Rates are currently live

• Solayer announces AVS reward system is now live, first with Bitget Global (BGSOL). Solayer (sSOL) holders who delegated to Bitget Global receive up to 25% APY on the first $1,000 restaked.

• Pendle Network adds Savings crvUSD - Curve’s yield-bearing stablecoin

• SynFutures $F can now be bought and traded in centralized exchanges such as Bybit, Kucoin, Bitget, MEXC, Gate.io, Bitvavocom, CoinEx, and BitMart exchange.

• Solv Protocol SolvBTC and SolvBTC.LSTs are now integrated with Silo on Base, enabling risk-adjusted yields against cbBTC and efficient looping strategies for SolvBTC assets

• Pyth Network - Kamino Swap’s new intents-based system introduces a competitive limit book market feature, aimed to leverage MEV searchers and to promise traders to get the best price execution.

• Uniswap introduces a browser shortcut, allowing users to bridge assets directly for seamless navigation and transactions.

• SushiSwap expands to TRON, introducing v2 Automated Market Maker (AMM) liquidity pools to enhance the decentralized finance experience.

• Babylon Labs has launched Cap-3, introducing native and trustless BTC staking. The initiative aims to enhance participation in the Bitcoin ecosystem.

• EigenLayer has launched a User Testing Program, inviting volunteers to provide feedback on upcoming features and products. Participants will contribute to the development process and help enhance the overall user experience.

• Sonic Labs has introduced the Sonic Gateway, a secure and decentralized bridge connecting Ethereum and Sonic. Designed to simplify cross-chain asset transfers, the platform includes a "Fast Lane" feature to enable seamless participation in DeFi opportunities.

• Sturdy Finance's Bittensor subnet has integrated Ondo, enabling deposits into an aggregator designed for AI-optimized yields on institutional-grade assets.

• Sky announced that Spark has deployed $100 million in stablecoin liquidity on Base, offering users access to a leading DeFi savings product with on-demand liquidity. Users can save with sUSDS while retaining full control over their assets.

• Meteora opens M3M3 to all creators, enabling seamless integration of stake-to-earn mechanics for memecoins and new token projects.

• Frax Finance introduces frxUSD, the evolution of their fully collateralized stablecoin, and rebrands FXS to FRAX, introducing upgrades to drive DeFi growth and adoption.

• Spark launches savings on Base, offering a 12.5% rate for USDC.

• Fluid governance vote proposes rebranding $INST to $FLUID and allocating 12% of $FLUID from the treasury for growth initiatives.

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Issues 🚨

• 1inch Labs responds to a security breach, securing the 1inch resolver contract after unauthorized access to a private key. User funds remain safe, and protocols continue to be non-custodial. The team is enhancing security with Multisig Contracts, real-time monitoring, and ongoing vulnerability detection.

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Upcoming ⏳

• Curve Finance proposed a vote to increase maximum fee share to 50% from currently 20% in order to further optimizing Savings crvUSD parameter.

• Superseed Supersale opens at December 9. Identity verification for the Supersale is live since December 5th, with this your data is stored in a secure way with industry-leading practices, which the Superseed foundation not having access to your data at any point.

  The Superseed Foundation aims to provide equal and early access for all users, ensuring a healthy, community-first distribution. This includes Zero Vesting for investors, where Supersale Tokens are fully unlocked at TGE.

  

• Perennial introduces Perennial Intents, novel intent layer designed to enhance

  liquidity and provide a CEX-like trading experience for perpetuals in DeFi.

  It offers guaranteed price execution, seamless one-click trading, and deep

  liquidity by combining intent-based order matching with AMM settlement, while

  the new "Petals" program rewards active traders with points.

  • Today in DeFi is supported by Perennial Finance.

• Elixir is gearing up to integrate institutional liquidity into DeFi, with progress nearing completion at 96%. Further updates are expected as the initiative approaches its launch.

• Bgdlabs has introduced Aave v3.3, featuring upgrades to prepare the protocol for Umbrella and enhancements to the liquidation algorithm and bad debt management.

• Stacks launches sBTC next week, enabling BTC deposits for sBTC with BTC rewards through the sBTC Rewards Program.

• Fuel announces the upcoming launch of FUEL Genesis.

• Derive allocates 2.5% of the DRV airdrop to EtherFi users, offering a share of $3M in ETHFI and max EtherFi points for staking ETH or BTC by Dec 22.

• Corn Kernels: Season 2, with app-based incentives tracked on the Corn App. Ethereum deposits earn Kernels for 30 days post-launch, then shift exclusively to Corn.

• Suilend announces $SEND launch in 12 hours.

• Pell Network partners with USDX Money to launch $USDX restaking. Users can mint $USDX, stake on Pell, and earn dual rewards, with boosted yield campaigns coming soon.

• Aave announces the upcoming launch of Aave V4, introducing features like improved capital efficiency, reduced risk, enhanced user experience, a Liquidity Hub for centralized liquidity management, and optional tokenization through external vaults.

• Liquity introduces V2 forking strategy provides benefits for both users and forks. Users can access exclusive yields across 15+ ecosystems through $BOLD incentives, while forks can leverage a secure, cost-effective codebase with flexibility to tailor stablecoins to specific needs.

• Vana Network unveils $VANA tokenomics with a 120M supply, supporting network operations, governance, and data transactions. Distribution prioritizes the ecosystem and community, with phased goals including data liquidity, AI innovation, decentralization, and network expansion over 24 months.

• Movement to integrate Kado Money, enabling Apple Pay, Google Pay, cards, and bank transfers for streamlined onboarding to the platform.

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Airdrops 🪂

• Contango has integrated LRT2 rewards for etherfi. which we can claim directly on your User Interface. LRT2 is a new standard in LRT rewards which simplifies the claiming experience by tokenizing rewards earned when restaking.

• Maple’s syrupFi season 1,2 and 3 participants will be able to start claiming first batch of $SYRUP tokens from Drips December 18th on https://syrup.fi/drips

• Movement $MOVE token airdrop is live, users can claim and receive their token allocations now.

• Magic Eden $ME Token Generation Event (TGE) and claim is scheduled for December 10.

• Fuel hints their $FUEL airdrop and token launch being tomorrow.

• WalletConnect opens eligibility checker for Season 1 WCT Airdrop, allowing users to check, claim, and stake tokens until January 3, 2025.

• deBridge launches OP Horizon Season 2, offering 150,000 OP tokens over 8 weeks with fee rebates for transfers to and from Optimism, distributed biweekly.

• Magic Eden has introduced a Questing system featuring ongoing and capped quests, with Chapter 1 running for 90 days. Users can perform tasks such as token swaps and NFT trades to earn rankings, which influence payouts.

• Fuel has allocated 20% of its total initial $FUEL supply to the community, distributed based on eligibility criteria such as participation in the Fuel Points Program and incentivized testnet. Overall, 51% of FUEL is designated for community, ecosystem, and R&D initiatives.

• FLOKI has announced the launch of the $MONKY token on December 12 at 10:00 AM UTC through Ape Accelerator and Forj, a subsidiary of Animoca Brands. A significant portion of the token supply is allocated to the Floki Ecosystem, including 27% for $FLOKI holders/stakers, 4% for $TOKEN holders/stakers, and 4% for the Floki Trading Bot.

• Magic Eden has launched $ME, with tokens available for claiming until February 1, 2025. Unclaimed tokens by the deadline will be redistributed to stakers.

• Mantis Season 3 is live, distributing 2M Credits daily with rewards for deposits, swaps, and cross-chain activities on Solana and Ethereum.

• Arcium has launched the Layer3 Winter Wonderland on Solana, collaborating with leading projects in the ecosystem to deliver an immersive on-chain winter experience.

• Kaito AI launches Yaps points program, letting users track real-time crypto mindshare contributions via dashboards and leaderboards. Earn extra points by referrals and share custom social cards with key stats like rank and content type.

• Orderly Network partners with Binance Wallet for a $5M+ Airdrop Carnival, offering 2M $ORDER rewards for trading, staking, and exploring their ecosystem.

• Elys Network launches their new checker, increasing the allocation to 14% of total supply with boosted rewards for NFT holders, ATOM stakers, and community participants.

• Taiko Lockdown Campaign Season 3 begins on December 16, 2024, allowing users to lock TAIKO tokens and earn up to 90x XP and rewards through 0xSymmetric and Taiko Drips.

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Farms 🧑🏻‍🌾

• Solv Protocol SolvBTC and SolvBTC.LSTs are now integrated with Silo on Base, enabling risk-adjusted yields against cbBTC and efficient looping strategies for SolvBTC assets

• Fluid introduces $INST incentives: 150k for USDT & USDC lenders, 30k for BTC lenders, and 15k for the ETH-USDC DEX pool, boosting DeFi participation.

• Fluid Protocol offers 112% APR on $USDF through gFluid: mint $USDF via a Trove to earn Fuel Points, then deposit into the Stability Pool for rewards.

• Pendle launches the sUSDe (27 Feb 2025) market with a 500M cap on a FCFS basis. vePENDLE voting is live, and LP incentives begin Thursday at 00:00 UTC.

• DeFi Saver introduces Leveraged Restaking with EtherFi, enabling weETH leveraged positions across Aave v3, Compound v3-ETH, and Morpho. Earn up to 20% APY with max leverage of ~18.1x, stacking restaking and staking rewards.

• Superform launches SuperUSDC, a SuperVault offering 22% APY through optimized yields. Season 2 offers 20x CRED rewards for deposits.

• Sky launches Curvykin Skysaver on Curve Finance, featuring an sUSDS/scrvUSD pool with base APY and +20% CRV APR.

• Bedrock introduces the $uniBTC pool on Pendle, offering up to 61.69% APY.

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