Last Week in DeFi - Abstract Mainnet Coming Soon, Jupuary Airdrop Checker Now Live, Solayer LAYER Upcoming Public Sale, and more...

Recap: Week of Jan 13th

Launches 🚀

• Ledger integrates Uniswap into Ledger Live Desktop, allowing users to trade Ethereum tokens directly while maintaining Ledger's security. Uniswap’s DeFi capabilities join forces with Ledger, with more networks to be added soon. Explore now via Ledger Live.

• Brahma is redefining onchain experience with Onchain+.
  With over 10k+ accounts active and $100M+ in TVL, Brahma Account is transforming the traditional onchain experience (led by wallets) with seamless chains and dApps integration, secure asset management, and 1-click onchain actions.
  Just bring your daily onchain activity, stack KARMA points, and unlock Brahma Rewards!

  • Today in DeFi is supported by Brahma

• Soneium highlights its readiness to scale after the Minato Testnet, achieving 14M+ active wallets and 47M+ transactions. With 50+ applications live on Mainnet across Gaming, DeFi, Social, and more, the Soneium Spark Incubation Program selected 32 projects from 1,785+ applicants to push Web3 innovation.

• Superform Labs launches SuperUSDC on Base, optimizing USDC yields through MorphoLabs' lending markets. As part of SuperVaults, it offers reduced transaction costs (up to 99% lower than Ethereum) for non-custodial, transparent, and accessible earnings.

• Superposition launches its Mainnet Alpha, introducing native support for Utility Mining to align incentives and decentralize protocols. The network supports bridging via Stargate, Superbridge, Decent.xyz, Relay, and Arbitrum Bridge, with assets like USDC, ETH, ARB, WBTC, and FLY.

  • Early Dapps include Long.so, 9Lives.so, Meow.Domains, and Purr.Stream, with reserved .meow domains for Testnet users. A points program and commemorative NFT celebrate the launch.

• LayerZero is now live on Superposition, an Arbitrum L3 tailored for DeFi. Apps on Superposition can access data and liquidity from over 100 LayerZero-connected chains, enabling seamless cross-chain expansion for developers.

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Updates 📰

• Coinbase has launched a new feature allowing U.S. users to secure loans backed by their Bitcoin holdings.

• Tradable, an RWA platform, has integrated with ZKsync, bringing $1.7 billion in tokenized private credit to the network.

• Arcana Network has partnered with Scroll to introduce Chain Abstraction for dApps and users on Scroll. This integration allows users to spend USDC, USDT, and ETH balances from any chain directly on Scroll without bridging, offering a seamless multi-chain experience across wallets like Metamask and Arcana.

  • Users can pay gas fees in USDC or USDT, eliminating the need for native gas tokens. Developers can enable this functionality via Arcana's SDK.

• Wormhole has enabled $ALT transfers between Ethereum and Solana, integrating AltLayer into its multichain ecosystem. AltLayer, a decentralized protocol, offers Rollups-as-a-Service (RaaS), verifiable AI agents through secure enclaves (TEE), and AVS deployments for EigenLayer builders. Its native token, $ALT, powers these features, emphasizing decentralization and security through restaked rollups.

  • Users can now transfer $ALT via Wormhole’s Portal Bridge.

• deBridge now supports withdrawals for Hyperliquid, enabling seamless asset transfers to and from the Hyperliquid platform from any network. This integration enhances cross-chain accessibility and flexibility for Hyperliquid users.

• The Spark Liquidity Layer has allocated $5M USDC into the cbBTC/USDC Morpho market on Base, targeting borrowers using Coinbase's crypto-backed loan feature.

• Virtuals Protocol updates its value accrual mechanism to enhance support for ecosystem builders. Post-bonding taxes will be allocated as follows: 30% to agent creators, 20% to Agent Affiliates, and 50% to the Agent subDAO for future governance.

• Worldcoin has announced significant updates for Mini Apps, including new milestones, feature enhancements, and the launch of a unique incubator.

• Abstract integrates with Stargate Finance's Hydra to enable seamless cross-chain asset transfers, enhancing interoperability and liquidity across the Abstract ecosystem.

• Uniswap v3 is now live on Sonic with Wormhole as its multichain governance messaging solution. Sonic offers high performance with 10,000 TPS, sub-second finality, and EVM compatibility. This deployment is supported by GFX Labs, Wormhole, and OkuTrade, with $500K in $S tokens committed by SonicLabs to Uniswap DAO and $250K in $UNI for liquidity incentives over six months. Governance remains tied to Ethereum L1, ensuring consistency across Uniswap’s ecosystem.

• Babylon’s Bitcoin Liquid Staking Token, $YBTC, is now live on Ethereum. Backed 1:1 by BTC and integrated with pSTAKE, YBTC enables institutional self-custody and offers staking rewards through Babylon’s Bitcoin Staking protocol. Institutions can also leverage YBTC in BTCfi DeFi protocols for additional yields via Restaking, Yield Farming, and more, marking a significant milestone for institutional Bitcoin staking.

• Usual introduces USD0++ enhancements, including early redemption, an iUSD0++ Vault launching next week, and plans for a USD0++/USD0 liquidity pool. Early redemption allows 1:1 unstaking for USD0 with dynamic USUAL contributions (33.33% burned, 66.67% redistributed). The new vault enables USD0++ deposits to earn USUAL rewards and sUSDE yield, with more vaults and liquidity options to follow, promoting flexibility, growth, and stability in the ecosystem

• WLFI (World Liberty Finance) clarifies recent crypto asset movements as routine treasury management for operational expenses and working capital needs. They claimed that reallocations do not involve token sales and are part of maintaining a secure and efficient treasury.

• Ethena Labs announces a partnership with Spark, approving up to $1.1B in direct allocation of USDe and sUSDe to the Spark Liquidity Layer. This integration allows Spark to deploy USDC reserves directly into Ethena's minting contract, bypassing lending. A $200M DAI allocation is also planned for Pendle’s May PT sUSDe market, currently yielding 19.6% fixed APY. Learn more in Ethena’s blog.

• Perennial introduces a revamped trading flow with smarter features, including a centralized trade form for faster execution, an intuitive positions/orders table, and account-level controls for streamlined collateral management.

• Sandglass announces the launch of its points market, starting with kySOL by KyrosFi, a liquid restaking protocol on Solana. YT kySOL earns a 2x multiplier on Kyros points and JTO rewards from Jito Solana. Unlike traditional markets, Sandglass points markets don't adjust prices using oracles, PT holders receive all yield, and YT becomes worth $0 at maturity but earns all points and rewards. With zero fees on yield, Sandglass offers greater profitability for PT, YT, and LP participants.

• Solayer postpones the Emerald Card community sale to January 16 to ensure fair distribution. Payment options now include sSOL and sUSD, with existing users prioritized via a whitelist.

• Bucket Protocol launches $BUT on Sui Network, driving community governance, liquidity, and CDP adoption. Users can stake $BUT to earn deBUT, which enables governance participation, $BUT emission rewards, and penalty pool redistribution for long-term stakers. More utilities and governance features are coming soon.

• MetaMask users on Starknet can now access the OpusMoney decentralized credit platform by enabling the Snap integration.

• Derive partners with Aerodrome, the most liquid DEX on Base, as the on-chain liquidity source for $DRV.

• Usual activates the Revenue Switch for USUALx holders, distributing 100% of last week’s collateral revenues in USD0 to stakers. Early Unstaking (1:1) goes live tomorrow, enabling users to exit with up to 180 days of rewards, partially burned and redistributed.

  • Usual remains committed to transparency, with weekly on-chain revenue reports and sustainable staking mechanics forthcoming. Delayed Morpho USD0 rewards will be dispersed within a week.

• Solayer integrates with Sendaifun, making sSOL central to optimizing yields for SOL holders. With hardware optimization, sSOL offers some of the highest returns in the ecosystem.

• Hyperlane launches $SOON on Nexus, enabling $SOL and $BONK bridging in seconds to explore the new SVM ecosystem.

• Brahma launches ConsoleKit, enabling AI agents to execute swaps, bridges, and lending on-chain with integrations like Uniswap and 1inch. Top 100 KARMA Members get early access to the first MorphoLabs Agent on Jan 14. 🤖✨

• Solayer is partnering up with Buidlpad to host the community sale and the first public distribution of LAYER tokens. Community members who participate in the sale will receive a Solayer Emerald Debit Card and their tokens fully unvested at TGE.

• Derive is set to launch a 2025 roadmap featuring three innovative products such as Derive Pro AI-powered trading for active traders, dUSD, a delta-neutral yield-bearing asset, for yield farmers, and Market Maker Vaults for liquidity providers. This expansion follows a successful rebuilding in 2024, with over $120 million in total value locked (TVL) and 75,000 users.

• Mango community passed the proposal to shut down all of its markets. Collateral requirements will increase by 10x for new positions to drive supply utilization from 50% to 0.1%. Borrow rates are expected to spike, and users should exit the markets soon.

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Issues 🚨

• The @ZKsyncIgnite account has been compromised. Avoid interacting with the account or clicking any links associated with it. Wait for an official update from @zksync to confirm when the account has been secured. Stay vigilant for further announcements.

• Usual unexpectedly set USD0++ withdrawal floor price at 0.87 USD. The token was traded at around 1 USD prior to the announcement and the price soon plunged to the level around 0.90 USD upon the release of news.

  USD0++ holders who would like to withdraw before 2028 can either choose to redeem at the floor price of 0.87 now and gradually converging to 1 USD over time, or 1:1 redeem now but with a portion of accrued yields forfeited.

  Lending protocols such as Morpho are advising users to promptly migrate their positions to newly established USD0++ markets, as rewards for the current old markets will soon be discontinued with risk of liquidation.

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Upcoming ⏳

• Polygon Labs partners with Reliance Jio, India's largest telecom company, to bring blockchain capabilities to select apps and services for its 450+ million users. Leveraging Polygon PoS, Jio’s web3 debut signals a major step in blockchain adoption by enterprises, showcasing Polygon's position as a trusted platform for onboarding large-scale user bases to crypto.

• Abstract Ecosystem announces the imminent launch of its mainnet, inviting users to prepare for a new phase of blockchain innovation and ecosystem development.

• Stacking DAO will introduce stSTXbtc, a solution enabling liquid stacking for STX holders. Users can keep their stacked STX liquid while earning immediate sBTC yield without switching costs from existing stacking pools.

• Nodepay’s Nodecoin ($NC) from will begin trading on Gate.io on January 17th at 10:00 AM UTC. Users can participate in trading or join the startup mining program for additional opportunities.

• Nexus partners with Rena Labs to integrate Trusted Execution Environments (TEEs) with zero-knowledge proofs (ZKPs), enabling advanced use cases for decentralized applications (dApps) and verifiable AI. The collaboration includes co-developing SDKs and APIs to simplify hybrid ZK-TEE integration for developers, enhancing security and functionality across the Nexus ecosystem.

• Odos DAO proposes a 6-month Gas Rebate Program rewarding $ODOS token holders for swaps via its dApp. Rebates align with Loyalty Program tiers, offering up to 50% reimbursement (max $5,000/month per wallet, capped at $200/transaction). The program allocates 0.6% of $ODOS supply and begins February 1, pending voting from January 22. Users retain surplus rewards and advanced swap benefits. Participate in shaping this initiative by voting on the proposal.

• The Covalent Network has proposed raising the Max Multiplier to 45X, expanding staking capacity by ~30 million CXT to address fragmented delegation issues. This update will increase total delegation to ~322 million CXT, ensuring broader participation and smoother staking operations without requiring additional validators.

  Covalent Network Proposes Max Multiplier Increase to 45X

• Solv Protocol announces the launch of $SOLV in three days, claiming a new evolution in BTC integration.

• Tren Finance is set to launch its first protocol iteration on Arbitrum on January 20, focusing on unlocking trapped DeFi liquidity. The initial phase will support three assets for (re)collateralization, with plans to expand asset offerings and features in future updates. Details on the supported assets at launch will be revealed in the coming days.

• Ref Finance showcases the BTC <> NEAR synergy, integrating NEAR Protocol, Ref Finance, and SatoshiBTC for seamless BTC liquidity and cross-chain innovation. The infrastructure layer sets the foundation, the DeFi hub unlocks BTC liquidity, and the application layer offers streamlined BTC user experiences.

• Derive announces $DRV trading on Infinex starting January 15, enabling cross-chain swaps across 500+ assets on EVM and Solana networks. Swidge will later expand access to all Infinex users, with trades routed through the DRV/ETH liquidity pool, incentivizing liquidity providers.

  • In partnership with Ethena Labs, 20M stDRV will be distributed to sENA holders on launch day, unlocking Ethena’s $6B+ ecosystem alongside Derive’s DeFAI trading infrastructure, intelligent AMMs, and advanced options products.

• Liquity V2 will launch in January, introducing user-set borrowing rates, the immutable $BOLD stablecoin with real yield, and staking options for $LQTY to direct incentivized liquidity. Additional rewards are available through 15+ protocol forks. 🚀

• Neemo Finance launches the Soneium Genesis Campaign to incentivize early mainnet depositors. Users can deposit ETH/ASTR to mint nrETH/nsASTR, earning staking rewards, boosted Neemo points, and partner incentives across 9 key Soneium protocols, including EtherFi, Untitled Bank, and Velodrome. Avoid disqualification by maintaining active balances, adhering to rules, and avoiding manipulation

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Airdrops 🪂

• Quai Network has officially launched its claims page for rewards, starting with early community members who have supported the project from the beginning. The claims page provides a secure platform for eligible participants to claim their rewards.

• Fuel Season 1 is live on Ignition, introducing fast lending and borrowing with Swaylend, stateless prediction markets with Griffy, and $USDF, the first native stablecoin, via Fluid Protocol. Participants can earn rewards by engaging with these apps, with more like Ruscet and Sprkfi joining soon.

• Time is running out to claim Scroll’s Airdrop 1, with the final deadline set for January 20, 00:00 UTC. Unclaimed tokens will be reallocated to future airdrops, and support is available 24/7 in Discord. Check eligibility and claim your tokens now.

• Jupiter announces the arrival of the Jupuary Checker.

• Bubblemaps announces an exclusive $BMT airdrop for V2 users. To participate, add your Solana wallet on the Bubblemaps leaderboard by hitting "Join Airdrop" and filling out the form. Higher ranks mean bigger rewards. This airdrop campaign builds on the previously announced reward program, rewarding active V2 users. Criteria and selected users will be revealed soon.

• Fuel Season 1 (FS-1) has officially launched, marking the transformation of Fuel into an integrated liquidity hub. Running from January 15 to March 1, 2025, FS-1 allocates 29 million FUEL rewards to liquidity providers across participating dApps, including Mira Protocol, Swaylend, Griffy, Ruscet, Fluid Protocol, and Sprkfi, with more to come in future seasons.

  • Additionally, 150 million FUEL (1.5% of total supply) will be distributed as part of the Genesis Drop, rewarding Points Phase 2 participants. Testnet rewards will also be claimable for eligible early adopters starting January 30. Full details are available on Fuel’s blog.

• Gravity launches the SEI Airdrop #1 claim with 345,000 $SEI available for eligible $G stakers.

• Nodepay launches the Nodecoin ($NC) Pre-Launch Claim Process on OKX, offering zero gas fees and a streamlined airdrop experience. Tokens will be deposited to OKX accounts during the TGE on Jan 17, 2025. Deadline to register is Jan 16, 10:00 UTC.

• Derive opens $DRV claims starting January 15, 12:00 AM UTC, on Derive Chain via the Derive UI. Use LayerZero for seamless bridging to Base or Ethereum. Multi-sig wallets will receive $DRV by January 18.

  • A 2M $DRV airdrop for DRV/ETH liquidity providers on AerodromeFi runs from January 15 to 28. Bridge $DRV to Base and provide liquidity in vAMM-WETH/DRV or CL200-WETH/DRV (in range). Rewards, claimable as $stDRV, are calculated hourly and stack with $AERO rewards.

• Avalon Labs opens $AVL wallet registration, allowing users to secure their $AVL allocation before TGE. Airdrops will follow post-TGE, with dates to be announced soon.

• Bucket Protocol launches the $BUT airdrop, now live for claims. Users can also win 500 $BUT by sharing their claim screenshot with #ShowYourBUT and their wallet address.

• Vertex kicks off Sei Rewards Season 6 on January 15, 2025, with 2.1M $SEI tokens available over four weeks. Takers earn up to 75% of fees back from a 350K $SEI weekly pool, while the top 5 market makers by volume share 175K $SEI weekly. Start trading on Vertex via Sei Network to participate

• Story Protocol launches the Story IP x AI Carnival on Binance Wallet, running from Jan 13 to Feb 5. Compete for a share of 444,444 $IP by completing weekly quests. The first quests—Story x Stability AI and Story Foundation—each feature an 88,888 $IP prize pool.

• Derive transitions its DRV Airdrop into the DRV Launch Program as of January 13, 12:00 AM UTC. Trading activity now earns points, with 1,000,000 DRV seeded for the first week and enhanced incentives available. DRV launches January 15 at 12:00 AM UTC, with details on claiming and staking coming soon.

• Hyperliquid has announced its collaboration with ANIME, the token designed to support the open anime universe backed by Azuki. As part of this partnership, stakers of HYPE will receive airdrops of the ANIME token during its TGE.

• SynFutures, the leading perpetual trading protocol on Base, has announced the integration of the Moonwell WELL token, hosting $10,000 trading competition for top WELL/ETH traders.

• Pencil and Kelp Protocol are incentivizing users to deposit funds by offering a variety of enhanced rewards, including 2x Kelp Miles and Programmatic EIGEN rewards.

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Farms 🧑🏻‍🌾

• Wormhole announces that rewards for Staking Rewards Program (SRP) Period 1 are now live and available to claim. SRP Period 2 is already underway.

• Aevo has launched its largest incentive program yet: the Eigen Rewards Program, in collaboration with EigenLayer, EigenFoundation, and EtherFi. Participants can earn $EIGEN tokens by depositing weETH on Aevo and trading perpetuals, with a total of 500,000 $EIGEN rewards distributed weekly over a year. Rewards include ~4,800 $EIGEN for weETH growth and retention and ~4,800 $EIGEN for trading volume, with traders needing at least 1 weETH deposited and $500k weekly trading volume to qualify.

• Neemo Finance has launched the Soneium Genesis Campaign, running from January 16 to January 31. Users can deposit ETH or ASTR, mint nrETH or nsASTR, and earn rewards from eight key Soneium DeFi protocols. Rewards include 4.1% APR on nrETH with triple Ether.fi loyalty and Neemo points, and 20%+ APY on nsASTR with triple Neemo points and extra ASTR rewards.

• Fluid has launched the $GHO - $USDC Smart Vault, enabling users to earn trading fees on both collateral and debt, along with lending APR. This new feature allows $GHO holders and stablecoin enthusiasts to maximize returns while making their assets work harder on the Fluid platform.

• Spectra offers new Fixed Rate and Yield Leverage tools for earning on USDC based on IPOR USDC Optimizer. Fixed Rate allows users to lock in predictable returns, like obtaining 1 USDC for ~$0.83 by redeeming 1.17 PT-ipUSDCfusion at maturity. Yield Leverage provides exposure to IPOR Fusion’s rate increases for ~$164 in Yield Tokens on a 1000 USDC deposit.

• Sandglass has introduced points trading for lrtsSOL by Adrastea Finance, enabling users to unlock restaking potential on Solana with Liquid Restaking Tokens built on Solayer. Yield Tokens (YT) for lrtsSOL offer 16.4x more points compared to simply holding lrtsSOL, with multipliers of 2x for Adrastea, 4x for Solayer, and 1x for Sonic. Unlike other platforms, Sandglass doesn’t take fees on yield, ensuring higher profitability for PT, YT, and LP users. Explore lrtsSOL's points market for optimized returns.

• Spectra introduces innovative opportunities for DOLA and sDOLA holders. Fixed Rate tools allow users to acquire DOLA at a discount, with $1 obtaining 1.12 PT-DOLA, redeemable for 1.12 DOLA at maturity (equivalent to ~$0.88 per DOLA). Yield Tokens (YTs) offer leveraged exposure, with $10 of YT-sDOLA providing $100 of native sDOLA yield exposure for a 10x leverage. Spectra pools deliver exposure to four yield sources: pool swap fees, PT's fixed rate, native sDOLA yield, and SPECTRA incentives. Explore the pools and live rates on Spectra’s platform.

• Lombard has introduced native BTC staking for LBTC and the ability to bridge LBTC to Base via Chainlink CCIP. Previously limited to minting LBTC from cbBTC, the update allows BTC holders across wallets to stake for yield-bearing LBTC and access DeFi platforms like Aerodrome, Moonwell, Morpho, Pendle, and more. Swapping cbBTC to LBTC is now facilitated through deep liquidity on Aerodrome, replacing the PMM module. Explore staking, bridging, and DeFi opportunities via Lombard’s WebApp.

• Hourglass introduces the Curve Corn BTC TriPool Vault, distributing over 4 billion Corn Kernels every three-week epoch. Rewards are proportional to LP size in the pool. Your LP token also earns 4.25x EtherFi points, 4.25x Lombard Lux, and 4x Hourglass points.

• ZKsync Ignite Week 1 $ZK claims are now live for liquidity providers in eligible DeFi protocols.

  • Please note, SyncSwap’s USDC.e-WETH pool (0x80115c708E12eDd42E504c1cD52Aea96C547c05c) currently displays incorrect rewards on the Ignite App. Only 50% of rewards from this pool are claimable today, with updates forthcoming. All other pools remain unaffected.

• Dinero introduces beraETH, a native ETH liquid staking token (LST) for Berachain, designed to deliver DeFi’s highest ETH staking yields. Users can stake ETH from Ethereum or Berachain, with integrations from partners like KodiakFi, BeraBorrow, and Infrared Finance ensuring a range of yield opportunities. Pre-deposits to a beraETH ConcreteXYZ vault are already live, with more options arriving post-Boyco launch.

• Aave announces that AUSD by @withAUSD is now eligible for the Merit program on the Avalanche (AVAX) market. Merit rewards will be distributed to AUSD suppliers

• KelpDAO highlights lucrative opportunities in its liquidity pools. On Arbitrum, the rsETH <> WETH pool offers $871K TVL, ~7% rewards, $1.6K USDC weekly incentives, 2x Kelp Miles, and 1x Programmatic EIGEN rewards. Optimism pools thrive with TVLs exceeding $2M and up to 9% rewards, including OP incentives and 2x Kelp Miles for wrsETH <> wstETH and wrsETH <> WETH pairs.

  • Additionally, users can vote on $KEP Season 2 allocation criteria and claim dates within the next 12 hours to receive a 1.5x allocation bonus

• Hourglass introduces the highest leverage on Berachain, offering 30x leverage for LBTC users on platforms like Kodiak, Dolomite, and Babylon Labs, and 120x leverage on Lombard Finance and Concrete. Experience smarter leverage on Berachain with Hourglass.

• Solv Protocol introduces SolvBTC.BERA, enabling BTC holders to maximize yields within Berachain's DeFi ecosystem. Participants can deposit SolvBTC, SolvBTC.BBN, WBTC, or cbBTC into the Berachain Boyco Pre-Deposit Campaign, unlocking multi-layered rewards from Berachain, Kodiak, Dolomite, and more. Deposits are locked for 90 days post-mainnet launch, with rewards based on stake duration and amount.

• Frax Finance launches frxETH V2, boosting $sfrxETH yield while decentralizing validators. Validators can join permissionlessly with a low 8 ETH minimum, borrowing up to 31 ETH for enhanced capital efficiency. Yields are further boosted by lending interest and Curve AMO income.

• Veda introduces vaults of scUSD and scETH from Rings Protocol. The assets are designed to enhance participation in the SonicLabs ecosystem by offering 6x and 4x yield multipliers on top of yields generated with algorithmic strategies.

• Pendle introduces ctUSDe pool in collaboration with Berachain and Ethena , incentivizing users with various rewards for their deposits, including 30x Ethena Sats and points from multiple DeFi platforms like ConcreteXYZ and KodiakFi.

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