Leveraged Staking in one Tx, FloorDAO Rebase Exploit, Switch Debt on Aave, and more

One-tx Leveraged Staking

DeFiSaver just released ETH Saver, a new website with one-tx leveraged eth staking, making it easy for users to participate in these strategies. ETHSaver is non custodial and users can choose the lending protocol and LSD they like.

FloorDAO Rebase Exploit

NFTFi FloorDAO was hit by an exploit of their rebase mechanism. The hacker made off with 40ETH from the DAO’s Protocol Owned Liquidty. The DAO seems to think the situation is now under control as it has started to redeploy FLOOR/WETH liquidity.

Base Stalled

Coinbase’s Base chain stopped producing blocks for about two hours. The chain is now operational again.

Aave Debt Switch

Aave introduced a new feature allowing users to seamlessly switch borrow positions. this allows users to switch debt in order to reduce their borrow aprs.

Aave also introduced Withdraw and Switch, which allows users to withdraw their position into the asset of their choice.

sFRAX proposal

Frax Core team proposes sFRAX. Similar to sDAI, this would allow frax holders to stake their frax and earn a fixed rate.

This rate would come from “AMOs and RWA strategies” and would be set by frax governance to target the Federal Reserve Interest on Reserve Deposit Rate(IORB) allowing it to be competitive with other RWA assets.

Hxro Zero Day Futures

Solana based derivatives exchange Hxro has launched Zero Day Futures. This derivative is a one day(25hr) expiry future which allows traders to speculate on majors or alts. At the end of each day the contract settles into USDC.

As the contracts settle in USDC, it could make it easier for Market makers to provide liquidity on otherwise illiquid alts.

SSV Jato v2 Testnet live

DVT protocol SSV’s Jato v2 testnet is live, taking the protocol closer to mainnet.

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