Last Week in DeFi - Phantom Wallet Cross-Chain Swaps, Blast L2 Early Access, Range CAKE Bonus, Dydx Insurance Fund Exploited for 9M, and More...

Recap: Week of Nov 13th

Product Launches 🚀

• Phantom Cross-Chain Swapper
  Phantom launches the Cross-Chain Swapper, allowing users to bridge tokens across Ethereum and Solana.

• Dopex V2 Live
  Dopex launches V2 with CLAMM officially available with Yield boosting & optimization for v3 LPs, and American-style options for traders.

• 1inch Portfolio Tracking
  1inch launches a new portfolio tracking feature, allowing users to manage multiple wallets across networks from one place.

• LayerZero Launches USDV
  LayerZero launches USDV, an omnichain stablecoin backed by short-term treasuries. USDV is powered by ColorTrace, a token coloring algo that allows miters to mark USDV in their color, gaining the right to claim the rewards from their contributions to the USDV.

• Kamino Launches V2

  Solana-based lending Kamino launches v2 with a new UI, upgraded risk management, and new defi tools.

• Armada V2 on Solana
  Solana-based Armada launches V2 SPL Token Staking and DeMUX. SPL is a governance plugin that allows token holders to vote on DAO proposals while staking their tokens to receive rewards. DeMUX allows for semi-automated protocol reward distribution.

• Parcl V3 on Solana
  Solana-based real estate trading protocol Parcl launches V3, enabling a perps dex with Cross-margined accounts, unified LP Pool, and enhanced LP protections.

• Perpetual Earn Dashboard
  Perpetual launches a one-stop dashboard for all its Earn products, allowing users to monitor their strategies.

• IntentX Perp Dex on Base
  IntentX launches an intent-based perp dex with over 180 perpetual markets on Base L2, providing a CEX-like trading experience.

• Nocturne Privacy Live
  Privacy protocol Nocturne has deployed its v1 on the Ethereum mainnet, introducing the concept of on-chain private accounts to Ethereum.

• Ondo RWA Bridge Live
  Ondo partners with Axelar to launch a bridge for Ondo RWA tokens, initially supporting bridging of native USDY between Ethereum and Mantle L2.

• zkLink Nexus L3

  ZK infrastructure developer zkLink introduces zkLing Nexus, a layer-3 network that connects multiple popular Ethereum rollups, including zkSync, StarkNet, and Polygon zkEVM.

Project Updates 🚩

• Blast L2 Early Access
  Backed by Paradigm and StandardCrypto, Blast is an L2 that “natively participates in ETH staking, and the staking yield is passed back to the L2’s users and dapps.” Blast is live in invite-only mode

• Aave Rebrands to Avara
  Aave announces the Avara brand, serving as a new identity and the parent entity of brands that include Aave, Lens, GHO, etc. Aave also announces an acquisition of the team behind Family Wallet.

• Lens V2 on Polygon
  Lens launched V2 on Polygon and introduced the embedded Smart Posts feature for content monetization.

• Morpho AdaptiveCurveIRM
  Morpho introduces AdaptiveCurveIRM, a new immutable interest rate model for the upcoming Morpho Blue. “In Morpho Blue, the interest borrowers pay is defined by an Interest Rate Model chosen at market creation among a governance-approved set.”

• Clearpool New Staking Model
  Clearpool introduces a new staking model with gCPOOL. The new model fuels demand for the CPOOL token and allows large institutions to enter the Clearpool ecosystem.

• JPMorgan Tokenizing Assets with Avalanche
  JP Morgan’s Onyx collaborates with Avalanche for tokenizing assets. The collaboration highlights the use of an Avalanche subnet for connecting portfolios to WisdomTree’s tokenized assets.

• Ankr Rollup as a Service
  Ankr launches Rollup as a Service in partnership With Optimism, allowing businesses and devs to customize and deploy dedicated OP Chains.

Airdrop Opportunities 🪂

• Range CAKE Bonus
  Range protocol partners with PancakeSwap to become its first Ethereum Position Manager. PancakeSwap vaults on Range will get an extra 2250 CAKE in rewards for 2 weeks.

• Linea Deploys Voyage XP Contract
  Linea deploys the contract for voyage XP. Users can now connect their wallets and bind multiple wallets on the Linea website to accumulate XP on a primary wallet.

• Jupiter Airdrop Confirmed
  Jupiter confirms airdrop details - 10B Total Supply, Snapshot Taken - Wallet Who Interacted Before 2 Nov, 955K Wallets Eligible, 1st-phase airdrop supply is 1B (10%)

• Ether.fi Live for the Public
  Ether.fi opens access to the public. Anyone can now stake ETH and mint eETH to earn staking rewards, Ether.fi points, and Eigen Layer points.

• GMX V2 Incentives Live
  GMX has enabled trading ARB incentives for all V2 markets with the aim to bring trading fees lower to 0.02% on average.

Hacks/Issues 👾

• Dydx v3 Insurance Fund Lost $9M
  dYdX v3 insurance fund lost $9 million, representing around 40% of its total, following liquidations in the Yearn Finance (YFI) market.

• Woo X Pauses Trading
  Kronos Research, Woo X primary LP, recently experienced a hack that caused them to pause all trading on WOO X. Kronos' estimated loss is at ~$25 million.

• Trader Joe Potential Exploit
  Trader Joe identified a potential exploit in a 3rd party code used by its frontend. The team has fixed the issue and the frontend has been restored.

• Butter Finance Canceled
  Butter Fnance announces cancelation of the project as "contributors found the proposed veCAKE system & incentives model to be impractical for a path forward for Butter."

Upcoming ⏳

• OP Canyon Upgrade
  Optimism governance proposes the Canyon network upgrade, the first network upgrade following the Bedrock upgrade.

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