Last Week in DeFi - Nim Mainnet Launch, Uniswap Wallet Integrates With Robinhood Connectand, io.net Rewards Program, Blur Live on Blast L2, and more....
Recap: Week of April 29th
Launches 🚀
BOB, a hybrid Bitcoin L2, has launched its mainnet with over 40 projects deployed on the chain. BOB also launched Fusion Season 2, allowing users to earn Spice (points) by supplying TVL, using BOB dApps, and completing Galxe quests.
Nim Network, an AI gaming RollApp (IBC rollup chain) powered by Dymension, launched its mainnet. NIM liquidity provision and CEX listings will follow in the coming days.
Bedrock, a cross-chain liquid restaking protocol, launched liquid-staked Bitcoin (uniBTC) in partnership with Babylon. Users can now stake BTC for uniBTC and earn staking rewards plus Bedrock Diamonds.
Vest Exchange, a perps DEX backed by Jane Street, launched its phase one private alpha mainnet on zkSync Era. Users with an invite code can trade on Vest and earn LP yields. Others can earn codes by joining Vest Discord and earning roles.
Sturdy Subnet is live on the Bittensor mainnet. The Subnet allows Sturdy aggregators to determine the allocation between whitelisted silos for optimal yield. Users can now deposit into aggregators to earn yield and accrue rewards.
Heroglyphs, an incentive layer for solo stakers, launched its website. Users with a Genesis NFT key can now register their IDs to earn BADGES and exclusive NFTs. Another snapshot will be conducted with new Genesis Keys for additional chains.
Updates 📰
Dymension introduced Escrow IBC (eIBC), an IBC-based protocol fast bridging between Optimistic Rollups. eIBC allows anyone to run a client and make money by fulfilling user withdrawal requests from RollApps, giving users fast withdrawals while securing RollApps.
Jupiter introduced Jito Bundles Tipping to protect users from MEV attacks. Using Jito Bundles, users will hide their transactions from searchers looking for MEV opportunities, and minimize their losses to sandwich or other MEV attacks.
Eigenpie, a subDAO for restaking, now supports native restaking for ETH. Users who restake their ETH through Eigenpie will receive egETH in return and get 2x Eigenpie Points.
Etherscan launched Cards, a new feature that allows users to check unclaimed airdrops and token approvals.
Kamino is introducing KMNO staking which will be live on April 30th 12 PM (UTC). Staking Multiplier will increase over time - up to a maximum of 300% and 3x Points Per $ of KMNO Staked.
Reserve is showcasing USD3 Web3 Dollar, A low-risk yield-bearing USD stablecoin, backed in equal parts by Aave PayPal USD, DAI Savings Rate, Compound USDC
Uniswap Wallet integrates with Robinhood Connect. Uniswap mobile app users can now buy crypto with a debit card, via bank transfer, or directly from their Robinhood balance using Robinhood Connect.
Stryke (formerly Dopex) launched xSYK and staking. xSYK is Stryke’s governance token that increases xSYK holders’ governance capability and staking rewards.
Silo is increasing borrow APRs for XAI, Silo’s cross-silos stablecoin, to encourage XAI borrowers to repay their loans. The Silo team will sunset XAI to free up development resources for Silo v2’s lending product.
Eigen Foundation updated on the EIGEN Stakedrop after facing community backlash. The Foundation will distribute 100 more EIGEN to token holders. It also clarified that investor tokens will vest after token transferability starts, sometime after Sept. 30, 2024.
Klaytn announced Kaia, a new blockchain that merges Klaytn and Finschia. Kaia is backed by Korean and Japanese tech giants Kakao and Never, and the chain will be launched by the end of June.
Upcoming ⏳
Solana-based Kamino launched its token and the initial airdrop distribution on April 30th. The team has released the KMNO tokenomics, including token allocation and utility (staking & governance).
Fantom-based Solidly Labs introduced Memebox, a memecoin platform powered by Solidly’s single V2-style AMM. Memebox will introduce fee abstraction, a Pendle-esque yield market, and a safe token launcher.
Frax Finance’s community raised a new proposal for variable rate bonds each with a 30 million FRAX cap and seeks authorization on Fraxlend AMO to deposit minted FRAX into specified Fraxlend pairs.
Mantle is discussing the next phase of mETH, including a spinout of MantleLSP, Approximately 50% of the Project Gov Token supply will be allocated to the New Project Treasury (ecosystem).
Liquity, a decentralized borrowing protocol, gives more detail about the upcoming Liquity v2 which offers stablecoin holders real yield with BOLD revenues, arbitrage opportunities, and higher yields than traditional money markets
Aave proposed key upgrades for the next few years, including Aave V4, RWA products centered around GHO, Aave Network, and other updates. Aave V4 will have a Unifiled Liquidity Layer, automated interest rates, new borrow features, a new liquidation engine, stronger GHO integration, and gas reduction by 30%-50%.
Sei V2 is code and audit complete. V2 will have improved network performance, Parallel EVM, Sei-native dApps, and Blue-chip EVM dApps support.
Animoca Brands and Darewise founded Opal, a protocol building a gaming ecosystem on Bitcoin.
Ebisu Finance is launching a stablecoin project. Ebisu will enable users to borrow ebUSD against LSTs and earn EigenLayer, LRT, & AVS rewards. Ebisu pre-deposit vaults are live, allowing users to deposit LSTs to earn Koi.
Synthetix founder Kain Warwick said that Infinex Account would launch on May 13. Infinex Protocol is a front-end to access Synthetix liquidity and trading features, and the Infinex Account will be the starting point of Infinex that allows users to deposit into that account to earn governance points.
Threshold Netowork proposed onboarding tBTC to the Aave v3 on Ethereum, Arbitrum, and Optimism. The vote is live and will end on May 4th.
Origin Protocol approved the OGN Tokenomics proposal. The proposal introduces xOGN, new staking mechanics, and new value accrual mechanisms for Origin stakers.
Airdrops 🪂
Renzo ezPoints Season 1 claim will go live on April 30. Season 2 will go live and run for 3 months, distributing 5% of the total supply to participants. Season 1 participants will receive a 10% boost.
Myso MYT token airdrop is live for eligible users. The team also released MYT tokenomics and mentioned the upcoming IOO and the launch of MYT secondary market after.
Lyra launched LDX airdrop farming. LDX is the new utility token for the Lyra Derivatives Network. The LDX snapshot will be taken on May 8th at 12am UTC.
Stader announced EigenBoost 3.0, offering ETHx restakers up to 4 Million extra EigenLayer Points with the offer capped to the first 40,000 ETH staked and restaked. The restaking window starts April 16, 4 PM UTC till May 20, 4 PM UTC.
Nektar Network, a multilayer resktaking network built by the Diva Staking team, introduced the Nektar Drops Points Program. New points rewards under Epoch 1 will start on May 1, 2024, with a maximum duration of three months (on August 1).
Eigenlayer will distribute 15% of its token supply to participants. In the first season, 5% of the tokens will be distributed based on staking activities snapshot on March 15th.
io.net has completed its snapshot for season 1 and will launch the Rewards Program for Season 2 from May 1 to May 31st. io.net workers will be eligible to receive both Ignition Program Season 2 rewards and standard network rewards.
RealT is releasing Genesis airdrop (REG) and 500 Million REG Tokens will be distributed through 5 years. The expected first release date is May 1st.
Sanctum released Sanctum Wonderland, a unique loyalty program for users to use while putting SOL to good use. Collect at least 0.1 SOL worth of Sanctum Liquid Staking Token and you can earn its corresponding pet.
Lyra launched LDX airdrop farming. LDX is the new utility token for the Lyra Derivatives Network. The LDX snapshot will be taken on May 8th 12 am UTC.
Blur, an NFT marketplace, is live on Blast L2. Blur users can now list, bid, and trade Blast NFTs to earn Blast points and Gold (distributed upon Blast Points Redemption).
Parcl, a Solana-based real estate perps trading protocol, launched the May Trading Contest. Users can trade to earn a share of 1B points, PRCL rewards, and bonus PRCL & Points raffles.
Drift, a Solana-based trading protocol, launched an airdrop eligibility checker. Eligible wallets will be given a bonus for waiting to claim. The bonus unlocks linearly over 6 hours from the launch, meaning the longer you wait to claim, the higher your total claim amount.
Nektar, a restaking network built by Diva Staking, begins the Epoch 1 of Nektar Drops on May 1. The campaign will run until June 1, users can earn rewards by depositing into pre-launch vaults from Nektar’s partner protocols.
ZKX, a Starknet-based perps DEX, will launch the ZKX token on June 6.
ZKX airdrop will allocate 15% to eligible users based on the number of NFTs, Galxe campaigns, and referred volume.LayerZero has taken the first snapshot for the ZRO airdrop, with more information coming soon.
Mode L2 introduced the MODE token and extended Airdrop 1 by 5 days until May 5th, followed by Airdrop 2 with boosted incentives.
Magic Eden launched Diamond Rewards for its Bitcoin marketplace, allowing users to claim Retro rewards and earn Diamonds by purchasing Magic Eden listings.
Blueberry TGE and relaunch are coming and users can still farm $BLB by depositing on Blueberry upon relaunch. Users will need to migrate their funds to a new contract to continue receiving rewards upon relaunch
Farms 🧑🏻🌾
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