Last Week in Defi - Velodrome Finance x Hyperlane Unveil Superlane Interoperability Layer, WalletConnect $WCT Claim Live, Jupiter Opens Jupuary Governance Vote, Phantom Adds Base Support, and more..
Recap: Week of Nov 25
Launches π
Velodrome Finance and Hyperlane have introduced Superlane, an interoperability layer designed to accelerate the adoption of the Optimism Superchain's capabilities ahead of its official release. Superlane offers key features of the proposed Superchain, including shared liquidity, interchain governance, and cross-chain applications. Its modular architecture ensures a smooth transition to native Superchain interoperability, allowing participants to leverage these benefits immediately while preparing for deeper integration in the future.
Bons(ai), an innovative network bridging artificial intelligence and blockchain, has launched its onchain agent platform. These autonomous agents are capable of trading, connecting, and evolving through prompt-based learning. Bons(ai) enables users to track social media trends, identify tokens, execute trades, and even capitalize on insights by creating memecoins.
Ethervista launches Etherfun on Base. Fees generated on Base will bridge to Ethereum, supporting the $VISTA autobuy-and-burn mechanism.
DIA launches Lasernet on testnet, a Layer-2 rollup for oracle infrastructure. Built with Conduit, Optimism, Celestia, and Hyperlane, it enables trustless cross-chain oracle deployment. Mainnet arrives early 2025.
Flashbots launches BuilderNet, a decentralized block-building network using TEEs to share MEV and gas fees. BuilderNet enhances Ethereum's decentralization and censorship resistance, with L2 Rollup-Boost integration planned.
Pendle launches on Base, offering fixed yield, yield trading, and LP opportunities. Initial assets include cbETH and select BTC, with more assets in the pipeline.
Token Mill launches on Avalanche, introducing a bonding curve AMM for token creation without traditional liquidity pools. The platform aims to ensure perpetual liquidity and includes fee-sharing features to align incentives between creators and token holders.
Liquity has launched its V2 Testnet on the Sepolia network, inviting users to explore the new features and functionalities. This deployment allows for hands-on interaction with the upcoming version of the protocol.
Supra launches Phase 1 Mainnet with $SUPRA ticker. Users can now claim their $SUPRA token.
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Updates π°
Jupiter's inaugural "Jupuary" vote will commence on November 25, requiring 70% approval to pass. The four-day vote will determine whether to authorize two additional Jupuary token drops, distributing 700 million JUP without any locking mechanism. Key concerns among the community include the scale of the proposed drop, the absence of a lock (notably compared to ASR), and the distribution process. An anonymous feedback form will be available on the voting platform, allowing participants to share their input, with the option to link their wallets.
Covalent has integrated with Unichain, an OP Stack Layer 2 platform by Uniswap Labs, to provide developers with easy access to Unichainβs onchain data.
This collaboration allows for efficient building of DeFi applications by simplifying data queries, enabling real-time insights, and providing a suite of developer tools.
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Ethena's USDe stablecoin will soon be integrated into Deribit Exchange as eligible margin collateral. This integration allows Deribit users to earn rewards for holding USDe while utilizing it as margin collateral within the platform's cross-collateral pool. Deribit becomes the latest major exchange to support USDe, joining Bybit, Bitget, and Gate in its adoption.
Phantom adds Base support, enabling token swaps between Solana and Base. Users can access Base DeFi and NFT apps and purchase ETH/USDC directly in-wallet.
Phantom integrates OKX DEX into its swapper alongside Jupiter Exchange, providing access to deeper liquidity, more tokens, and optimized trading routes by comparing rates across both platforms.
Ungate launches Alpha AVS on EigenLayer mainnet, enabling decentralized AI agent networks for global coordination. The infrastructure addresses AI fragmentation, promoting interoperability.
1inch enables seamless cross-chain token swaps with no bridges or extra steps. Users can pick a token, choose a network, and place an order, with the network handling the rest.
Ondo Finance announces $USDY custody support on Sui via the Bybit Web3 wallet. Users can now manage $USDY directly through Bybit Web3.
Starknet launches STRK staking phase 1 on Mainnet. Validators can stake 20,000+ STRK by running a full node, while delegators can stake via professional validators like Luganodes, Voyager, and more.
Ondo Finance unveils an institutional-grade bridge for tokenized real-world assets (RWAs) using LayerZero's security model. $USDY tokens can now transfer across Ethereum, Arbitrum, and Mantle, with $OUSG support planned.
Morpho Labsβs Association proposes to raise $MORPHO reward limits on Base by 100%.
Morpho Labs announces Berachain Foundation's proposal for the first friendly fork of Morpho.
Pendle Finance has announced that Ethena's Principal Tokens (PT) are now available on Aave.
Sky launches USDS rewards on Raydium for early Solana users, with incentives available for USDS-USDC and USDS-jitoSOL pools and Kamino vaults.
MetaMask users in the U.S. can now purchase cryptocurrencies using Venmo through MoonPay's integration.
Avail integrates with Wormhole's NTT framework, bringing AVAIL and stAVAIL to Base while preserving native functionality and preventing liquidity fragmentation.
Mitosis launches Game of MITO, rewarding $MITO (70%) and testnet assets (30%) for XP-based performance. Runs until Dec 22, 2024, with on-chain tasks, Discord roles, and Crew participation to unlock rewards and assets.
Sonic Labs partners with Rabby, becoming the first integration in its Ecosystem tab. Users can track airdrop points now, with $FTM migration and $S staking features coming soon.
Covalent's CXT staking is now live on OKX, with the exchange operating as a Block Specimen Producer to support Ethereum's data preservation. Users can stake CXT via the OKX app to earn enhanced rewards.
Morpho Labs launches Morpho Olympics, allocating up to 10M $MORPHO to reward vaults achieving performance milestones, benefiting depositors, curators, and the protocol.
Upcoming β³
MetaMask, in partnership with Mastercard and Baanx, is set to launch the MetaMask Card, bridging Web3 wallets with everyday purchases. The card enables true self-custody while leveraging Linea's Ethereum-based infrastructure for high transaction speeds and instant crypto-to-fiat conversionsβeliminating the need for exchange transfers or bank delays. Initially digital-only, the card will launch in the EU and UK, supporting USDC, USDT, and WETH.
SynFutures announces the SynFutures Foundation and $F token to enhance decentralization. The Foundation oversees governance, grants, and partnerships, while $F offers voting, airdrop boosts, and fee discounts. Token distribution: 28.5% to community, 25% to treasury, 23.5% to backers, 15% to contributors, 5% to development, and 3% to liquidity.
Jupiter initiates J4J #3: Jupuary Vote 1. Feedback from non-passing votes will guide future iterations.
Sui collaborates with Babylon Labs and Lombard Finance to introduce Bitcoin liquidity to its ecosystem. Bitcoin holders will have the ability to stake BTC and receive $LBTC minted on Sui.
Asymmetry secures a license to deploy Liquity V2 for USDaf, utilizing SPOT collateral with Ampleforth. Liquity V2 enables user-set rates and market adaptability, supporting USDaf with projected 15β40% APY.
Instadapp proposes using 5% of INST supply for a protocol-owned liquidity pool on Fluid DEX to address liquidity shortages, stabilize markets, and ensure long-term sustainability.
Movement Labs to integrate Celestia for scalable Move chains on Ethereum, enabling 1GB blocks and low costs while uniting modular elements for high performance.
Particle Network teases a major update to on-chain trading, set for December 3, 2024, promising a seamless experience with "One Account, One Balance, Any Chain."
Morpho proposes a pilot Grants Program to allocate up to 200,000 $MORPHO for projects building on the Morpho protocol.
Solv Protocol's $SOLV Token Generation Event (TGE) coming soon.
Solana ID introduces $SOLID, unlocking perks across the ecosystem. Public sale offers $10M rewards pool, 20M FDV, 150% APY, and 6-month linear vesting. Airdrops for 6% of supply start 4β8 weeks post-TGE.
Airdrops πͺ
Zircuitβs Season 2 claims are officially live, following a snapshot taken on November 20 at 5:00 AM UTC. Over 130,000 users are eligible to claim from a pool of 300 million ZRC tokens. After Season 1βs focus on incentivizing Layer 1 staking and Season 2βs shift to Layer 2 staking rewards, the current Season 3 emphasizes active liquidity provision on Layer 2 and increased transaction activity on the Mainnet.
Morph has introduced a fresh lineup of quests as part of its Season 2 airdrop initiative. Users can earn points by engaging with dApps on the Morph platform and participating in the Morph Zoo, positioning themselves for future rewards.
WalletConnect WCT airdrop eligibility checker, along with claim and staking functionalities, will go live on November 26. Users are encouraged to verify eligibility and prepare for the claim process.
Zircuitβs $ZRC token is now tradable on multiple exchanges. 21% of the supply is allocated for community airdrops, with 12.45% claimable without requirements and 13.08% reserved for future community initiatives. Team and investor tokens are subject to a 12-month cliff.
Movement announces $MOVE token, a utility token with a 10 billion supply and ~22% initial circulation. Distribution includes 40% for Ecosystem and Community, 10% for Initial Claims, 10% for Foundation, 17.5% for Contributors, and 22.5% for Backers. $MOVE launches on Ethereum as an ERC-20, with bridging to Movement Mainnet post-launch, unlocking over 60 months. Staking is unavailable for team and investors at launch.
Plena launches the $PLENA airdrop checker for XP users, Lunar Key holders, and Road to TGE participants. Check eligibility by submitting your Plena or wallet address.
Superform Labs launches $PIGGY, a 69B-supply community token on Base. 90% is distributed via Safari XP and Community Score, and 10% goes to a $PIGGY/ETH UniV2 pool, emitting 1,000 tokens per block until mid-2025.
Elixir opens pre-minting for deUSD using elxETH ahead of December conversions. Benefits include a 10x potion boost and 2x Season 1 potion bonus.
Contango launches the oTANGO redemption feature, allowing early users to claim 3x their accrued points as oTANGO. The option token can be exercised 1:1 for TANGO at a potential discount.
WalletConnect activates $WCT eligibility check. Users can verify qualifications, claim WCT tokens, and stake to earn rewards.
Nodepay launches Season 2, with Season 1 points under calculation and verification. Users can check their dashboards for updates.
Linea Surge concludes, ending all LXP and LXP-L point earning. $LINEA token launch and airdrop are set for Q1 2025. Check final LXP-L totals via Owlto or the official portal.
Zircuit launches the $ZRC DeFi ecosystem. Stake $ZRC to earn 3x points and airdrops, provide liquidity on partner DEXes for 3.5x points and 100%+ APRs, or lend via Zerolend and ElaraLabs to earn points, fees, and liquidity rewards.
Hyperliquid reminds users of the deadline to review and accept the Genesis Event Terms & Conditions by 23:59 UTC on November 28.
Layer3 rewards $75,000 in OP to users with 1,000+ CUBEs, staked L3, and a 33-day GM streak. New users can join now to qualify for future rewards.
Seraphnet announces an exclusive $DLLM airdrop for $DEAI stakers as part of its upcoming token sale, rewarding support for its decentralized, privacy-first AI vision.
Hyperliquid launches HYPE genesis event, introducing a 200k TPS L1 powered by HyperBFT. HYPE secures the network, fuels the HyperEVM, and supports native DEX features, advancing onchain finance infrastructure.
Bluefin launches Airdrop Eligibility Portal, allocating up to 17% of its total supply for its users.
Puffer Finance announces $PUFFER $SOON Season 2, with more details coming soon.
Farms π§π»βπΎ
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