Last Week's DeFi Launches and Updates :
Launches π
Satsuma, a native liquidity layer DEX for Citrea has launched its public testnet and is offering special rewards to participants. Users can qualify by testing the platform and commenting with a screenshot under the announcement post.
Vortx Prediction Markets is now live on the Hyperliquid ecosystem, allowing users to engage in onchain prediction markets. Users can start participating at vortx.gg, with full documentation available at docs.vortx.gg.
Aevo has launched the Aevo Degen PWA, a mobile-friendly app-like platform offering up to 1000x leverage trading. Users can install it directly from their browser and sync with their desktop wallet for seamless access anytime, anywhere.
ApeX Protocol has launched fractional U.S. stock trading on Omni Spot Swap, allowing users to trade assets like AAPLX, MSTRX, and SPYX using USDT. The new βStockβ section expands access to equities directly within the ApeX platform.
Etherscan has launched HyperEvmScan, a new block explorer tailored for HyperEVM networks. The tool aims to bring familiar Etherscan features to the HyperEVM ecosystem, enhancing transparency and accessibility.
Phantom has launched Phantom Perps, enabling users to trade over 100 markets with up to 40x leverage directly from the mobile app. Powered by Hyperliquid, the feature will roll out gradually to eligible users. The platform aims to simplify perpetual trading while noting availability may vary by region.
Tanssi has officially launched its mainnet, introducing a plug-and-play orchestration layer for custom appchains. With over 18K appchains registered across 3 testnets and 57M transactions, developers can now deploy fully integrated appchains in minutesβsecured by Ethereum via Symbiotic and offering pre-built infra, 12s finality, and runtime-level compliance. Early adopters include Wirex, Flow, BLOCKBR, Lumia, and Decentral.
Lend Alpha, a tokenized real estate operations protocol has launched on testnet, offering 8β15% APR from tokenized real estate operations. Early users can try the app and earn Lend Points.
Updates π°
Ondo Finance is acquiring Oasis Pro, including its SEC-registered broker-dealer, ATS, and Transfer Agent licenses. This move positions Ondo to build a fully regulated tokenized securities ecosystem for U.S. investors. Oasis Pro, a FINRA member since 2020, brings key digital asset licenses and stablecoin settlement capabilities, strengthening Ondoβs push to bring traditional financial markets onchain.
Lido has launched Dual Governance on mainnet, enabling stakers to actively participate in governance and exit safely during contentious proposals. This marks a major step toward more inclusive and secure DAO decision-making.
Dolomite is now live on Botanix, bringing non-custodial lending and borrowing directly to Bitcoin holders. Built on Botanixβs EVM-equivalent Bitcoin Layer 2, users can use BTC as collateral without wrapping or giving up custody, borrow assets, and loop positions for yieldβall while retaining full control.
Berachain Foundation has released decisions for Batch 15 of RFRV grants, covering projects in BTC restaking, Olympus assets (hOhm), cross-asset LP automation, and a live BGT auction. Full details are available on the Berachain blog and forum.
Hyperdrive has launched the $HYPE Assistance Fund (HHAF), converting protocol revenue into productive liquidity. Revenue in stablecoins is used to buy $HYPE on the open market, which is then supplied as liquidityβprimarily to HYPE/LST markets.
Managed via multisig, the fund deepens HYPE borrowing liquidity while aligning incentives across the Hyperliquid ecosystem.
Infinex has listed the International Meme Fund ($IMF), enabling meme coin holders to borrow stablecoins while retaining their assets. Users can now deposit, send, and swidge $IMF on Infinex, bringing capital efficiency to meme communities.
Liquityβs BOLD is now live on Morpho via Clearstar Labsβ reactor vault, enabling borrowing against auto-compounding assets. Supported collateral includes WBTC, cbBTC, cbETH (all at 86% LTV), and ysyBOLD, sBOLD (both at 91.5% LTV), expanding capital efficiency for BOLD holders.
IPORβs USDC Fusion Vault on Ethereum has integrated Euler, adding a new market to its auto-optimized yield strategy. LPs now benefit from rebalancing across top protocols like Morpho, Aave, Fluid, Gearbox, Compound, and now Eulerβwithout any action needed. Eulerβs inclusion follows its V2 revival, with over $1B in TVL and rising DEX activity.
Glympse is migrating to Time, integrating Timeβs creator tokens into its fantasy platform on Solana. Users can now speculate on both access and virality with a single token, building fantasy teams from Creator Card NFTs and competing for a 65 SOL + 2M points prize pool. Competitions begin July 14, with team submissions opening July 10. Existing users will receive refunds, mint credits, or bonuses based on prior activity. Creators with 8K+ followers on X can earn passively through trading fees.
Revert Lend is now live on Base, allowing users to borrow against Uniswap V3 LP positions using WETH (77.5% LTV), USDC (85%), and cbBTC (77.5%). This unlocks new capital efficiency for LPs, with Revert Points distributed to USDC lenders to jumpstart activity.
Sky has integrated with Alchemy Pay, enabling users in 173 countries to purchase $SKY and $USDS directly with fiat.
JitoSOL, Solanaβs largest liquid staking token, is now natively integrated into Katana via LayerZero. This enables users to access Katanaβs DeFi ecosystem without unstaking or using wrapped tokens, expanding native utility for JitoSOL holders.
Fidelityβs report frames Ethereum as a digital economy, with ETH acting as a unit of account, medium of exchange, and store of value. It highlights ETHβs dominance in trading, lending, and its growing role in global finance.
Dolomite has integrated USD1 on Ethereum, launching a DOLO/USD1 LP powered by World Liberty Financialβs fully backed, BitGo-custodied, and Chainlink-enabled stablecoin. USD1 is 1:1 backed by cash and U.S. Treasuries, with onchain attestations and monthly audits.
The integration brings deeper mainnet liquidity, new collateral options, and zap-enabled strategies to Dolomite.
Vertex is joining the Ink Foundation and sunsetting its current deployments. A snapshot was taken July 8 for the VRTX to INK token migration (1 VRTX = ~0.018 INK), with 1% of INK supply allocated. Vertex Edge will shut down in four phases, while a rebranded DEX for the Ink ecosystem is in development.
Maple Finance is joining Converge to launch permissioned lending pools and bring secured credit to tokenized real-world assets (RWAs). With $7.8B in loans originated, Mapleβs institutional-grade infrastructure will support regulated credit markets on Converge, bridging TradFi and DeFi through compliant, onchain lending.
Morpho now supports $1.36B in Pendle LP tokensβincluding LP-sUSDe (Ethena) and LP-eUSDe (Ethereal)βas collateral to borrow stablecoins. Backed by vault liquidity from K33 Capital and MEV Capital, this integration enables yield stacking and increased utility for Pendle LPs.
LlamaRisk raised concerns that Falconβs stablecoin is backed by illiquid assets and bad debt, possibly serving as an exit scheme for large holders. Critics echoed this, citing unsustainable 40% yields. Falcon Finance then responded by reporting 116.98% overcollateralization, delta-neutral yield strategies, and ongoing third-party audits.
Segment has joined the Citrea ecosystem with the launch of its native money market on Citrea Testnet. Users can now lend and borrow cBTC and USDC with dynamic rates, aiming to offer transparent yield and fast market integration.
Eigen Labs has initiated a company restructuring to streamline operations and focus efforts on scaling EigenCloud. The move includes layoffs affecting several team members, who will receive exit packages, accelerated vesting, healthcare, and job support.
Founder Sreeram Kannan emphasized the shift aims to sharpen the companyβs mission of building a verifiable cloud platform.
Bluefin rolled out a major UI update focused on liquidity providers. Users can now view, manage, and close LP positions more efficiently, with new reward breakdowns, improved mobile access, and enhanced chart visuals for a smoother experience.
Astrol has launched a new tUSD lending pool, starting with a deposit-only phase to build liquidity before borrowing goes live. Full functionality will follow as community participation grows.
MetaMask Mobile now supports Solana, expanding access to Solana dApps and wallets directly within the app.
Vertex Edge will shut down in 4 phases across all EVM chains, with trading halted and user withdrawals guided through the process.
Hyperlane has expanded to MegaETHβs testnet, enabling developers to build interchain apps and bridges across 150+ chains including EVMs, Solana, and Hyperliquid.
Meteora now supports tokenized stocks from xStocks, enabling DLMM pools and LP positions for assets like TSLAx, SPYx, and NVDAx. This expands on-chain liquidity options beyond crypto, all on Solana.
Spectra has expanded to BNB Chain in partnership with K3 Capital, launching with a $4M-seeded WBNB pool from YieldNest. Users can now access fixed rate yields via Principal Tokens (PTs), leverage yield with Yield Tokens (YTs), and enhance returns through pools combining native yield, fees, and SPECTRA rewards.
MantleX unveils its vision as the foundational layer for AI innovation in Web3, aiming to merge blockchain with AI to unlock new tools, smarter infrastructure, and autonomous onchain agents. The initiative will support builders shaping the next generation of decentralized experiences.
Wasabi has updated its payout system to distribute interest payments regularly, rather than only upon trade closures. This adjustment ensures more consistent and predictable earnings for lenders, addressing user feedback and improving overall yield reliability.
Zerion has integrated Mantle, allowing users to track Mantle assets, manage portfolios, and monitor onchain activity directly within the platform.
Liquity V2 expands to Avalanche via Aesyx, letting users mint AXD using sAVAX as collateral. Users can set their own interest rates and earn points by deploying AXD early across DeFi venues.
Issues β οΈ
Synthetix has confirmed that its main Twitter account (@synthetix_io) has been compromised. Users are urged not to interact with any links from the account until control is restored.
Peapods Finance was exploited for approximately $200K (~78 ETH), with all stolen funds routed through ChangeNow and FixedFloat. Both CertiK and PeckShield flagged the incident, urging users to stay vigilant.
GMX v1 was exploited for over $42M after an attacker manipulated its AUM calculation via a reentrancy-enabled shorting strategy. The exploit exploited a flaw in
globalShortAveragePrices, allowing GLP pricing manipulation. Over $9.6M has since been bridged to Ethereum. Security firms warn that all GMX v1 forks may be vulnerable and recommend disabling leverage and GLP minting immediately.Texture suffered a $2.2M USDC exploit targeting its vaults. The breach appears isolated to the USDC vault. Texture then received 90% of stolen funds back after the exploiter accepted their 10% greyhat bounty offer. With the hacker fulfilling the deal, Texture wonβt pursue legal action. The team is finalizing a contract fix with auditors, with redeployment and a post-mortem coming soon.
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