Last Week in DeFi - Robinhood Arbitrum Integration, Uniswap Extension, SynFutures Points Program, High-Yield Stable Farms, and more....

Recap: Week of Feb 26th

Launches 🚀

• Blast L2 mainnet is live. Early users can now bridge to Blast Mainnet and start to earn native yields, Blast Points (users), and Blast Gold (dapps).

• Babylon Chain, a Bitcoin staking protocol that adopts the concept of native Bitcoin staking, launches testnet. Users can now stake Singet Bitcoin (sBTC) on Bayblon to get the Pioneer Pass NFT.

• Arweave launched the testnet for Arweave AO, a scalable blockchain network built on its data storage platform.

• Mint Blockchain, an L2 for NFTs, launches testnet for users and developers to bridge funds and deploy contracts.

• Synapse launched testnets for Synapse Interchain Network and Synapse Chain.

• Curve has deployed contracts for Llama Lend, Curve’s isolated lending markets. The UI is not live, users can interact directly with the code.

• Ajna introduced the Juiced App, an automated deposit protocol for Ajna markets. Juiced vaults take a single asset (like DAI or WETH) into a Yearn Vault, which maximizes the user’s yield in the protocol and manages their deposit.

Updates 📰

• Wormhole introduced Native Token Transfers (NTT), an open framework that enables token transfers between chains via a simple one-step process, allowing protocols to tap into new ecosystems.

• Robinhood Wallet teamed up with Arbitrum to enable low-cost, fast token swaps, and there will be potential integrations with Arbitrum-native DeFi.

• Renzo collaborates with Connext to bring cross-chain restaking to Arbitrum. Renzo users can now restake their ETH directly on Arbitrum and gain access to Arbitrum DeFi.

• Uniswap now supports limit orders in the web app.

• Lens protocol, previously available to whitelisted users, is now permissionless and open for everyone to join.

• Base Ecosystem Fund, led by Coinbase Ventures, has acquired an AERO position.

• DeFi Saver launched the first UI for Curve LlamaLend, allowing users to lend/ borrow from isolated crvUSD pools.

• Dopex has rebranded to Stryk with a new token model (SYK) for enhanced governance and cross-chain functionality.

• Sudoswap is now live on Arbitrum.

Upcoming ⏳

• Ondo introduced Ondo Global Markets (Ondo GM), a platform that will provide native access to traditional securities and associated exchange liquidity for on-chain investors and protocol developers.

• Telegram founder said that Telegram will share ad revenue with users starting in March. Channel owners will receive 50% of ad revenue, with payments settled on the TON blockchain.

• Term Structure is holding a Testnet Trading Competition starting Mar 4 until 10. Participants will compete for a 10K prize pool and earn an NFT.

• Ethereum Foundation announced that the Dencun upgrade will activate on the Ethereum mainnet at epoch 269568, occurring on March 13, 2024, at 13:55 UTC.

• Aevo introduced AGP 1.5, a proposal that aims to amend AGP 1 to set the start of the AEVO TGE and staking to mid-March, 2024, and reduce the sAEVO staking duration from 13 weeks to 9 weeks.

• Uniswap is launching Uniswap Extension, a wallet extension with better UX.

• Styke (fka. Dopex) is launching the CLAMM upgrade, and users are required to migrate liquidity to the new system by March 1st when rewards will start to accrue on the new system and cease to do so on the old one.

• Frax Finance team is considering a proposal to share protocol revenue with stakers of its veFXS token. If submitted, the proposal would follow a similar one by Uniswap.

• RocketPool proposed ETH-only validator pools and commissions for RPL stakers.

• PancakeSwap proposed the affiliate model that allows developers to fork its code and launch PancakeSwap on other blockchains. CAKE holders will benefit from the success of affiliate forks as they will receive native DEX tokens from affiliates.

• GMX is launching its chain, with a web2 interface with social logins and on-chain wallets.

Airdrops🪂

• SynFutures launched on Blast L2 and introduced its Oyster Odyssey Points Program. Users can trade to earn Blast points, Blast Gold, and O_O points.

• Kelp DAO enabled KEP claim, and has launched a KEP-rsETH liquidity pool.

• Zeta Markets introduced the Maker Incentives Program. The next year, the team will allocate 3% of the $Z token supply to reward whitelisted MMs.

• Gearbox restaking now supports Renzo with a 2X boost on Renzo ezPoints.

• LogX on Mode Network launches a trading competition with a 20K prize pool, LogX NFTs, Mode Points, and Log Points.

• Parcl, a Solana-based real estate investment protocol, will launch the PRCL token and airdrop 7-8% of its token supply to users in April.

Farms 🧑🏻‍🌾

• Radpie USDC pool on the BnB Chain offers a good yield.

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