LWID : BGD Labs Leaving Aave, Moonwell Exploited For $1.78M, Cross-chain Trading Terminal Launch
Subscribe for daily free DeFi news covering launches, tradable catalysts, and actionable farming opportunities.
DeFi📈
Hyperliquid Policy Center launches in Washington, led by lawyer Jake Chervinsky to advocate for clearer U.S. regulation and legal frameworks for DeFi and perpetual derivatives, backed by a 1M HYPE token contribution from Hyper Foundation.
Azura Trade launches as a cross-chain trading terminal across Solana, Ethereum, Base, and Arbitrum using USD with no gas, bridging, or trading fees, combining aggregation, scanning, and portfolio management in one interface.
Uniswap proposed a Unichain Co-Incentives Growth Management Plan to support protocol development. The proposal passed with substantial votes in favor.
Uniswap executes major governance restructuring with UNIfication proposal, burning 100 million tokens and updating protocol ownership amid canceled strategic vision proposal for regulatory collaboration and v4 launch.
Optimism passes the Bedrock Protocol Upgrade, aimed at enhancing network modularity, simplicity, and Ethereum equivalence, marking a significant technical milestone for the L2 network.
Ethereum core developers outlined 2026 priorities around three tracks: scaling the network, improving UX through native account abstraction and cross-L2 interoperability, and “hardening” L1 security and censorship resistance, with the next major upgrade (Glamsterdam) targeted for H1 2026.
Arbitrum proposes upgrading to ArbOS Version 40 Callisto, adding support for Ethereum’s Pectra network upgrade, and includes a minor Stylus-related fix. The proposal is currently in draft status.
Peter Thiel and related Founders Fund entities no longer own a material stake (or any stake) in ETHZilla Corporation as of Dec 31, 2025.
Base will gradually transition away from the OP Stack and move to a unified Base-operated tech stack, aiming for faster upgrades, simplified infrastructure, and greater control over scaling and decentralization.
Aptos proposed performance-driven tokenomics linking APT emissions to network usage, including cutting staking rewards to ~2.6%, higher gas-fee burns, setting a 2.1B supply cap, and exploring buybacks to shift APT toward a potentially deflationary supply model.
Jupiter’s Net-Zero Emissions has been completed in favor, halting new JUP token minting and pausing scheduled unlocks while delaying the 2026 Jupuary airdrop, aiming to eliminate inflationary supply pressure and stabilize the token’s circulating supply.
Stablecoins/RWA🪙
World Liberty Financial partnered with Apex Group to pilot USD1 stablecoin use across tokenized fund subscriptions, redemptions, and distributions
IPOR vaults launches stcUSD Adaptive Looping vault on Fusion, utilizing Morpho and Ebisu Finance for recursive leverage.
Hyperbeat introduced USD+, a USDC vault that generates automated yield across venues like Hyperliquid BLP, Morpho, and Hyperlend while allowing deposits to be used as instant credit collateral
Airdrops🪂
Binance launched a USD1 rewards program distributing 235M WLFI tokens to holders, offering up to 13.81% APR with no reward cap.
OpenMind Fabric opened its airdrop eligibility checker and registration portal, allowing users to connect wallets and social accounts to verify allocation and select a claim chain ahead of the Feb. 24 registration deadline.
Echelon launched its ELON airdrop for sENA stakers, allocating 5% of supply with 0.5% unlocked at launch and the remaining 4.5% vesting quarterly over 12 months.
Backpack opened its TGE verification window, requiring users to complete liveness verification on the trading portal to secure eligibility for a future token claim while its points program remains ongoing.
Perena, a stablecoin protocol, confirmed its token launch and final airdrop snapshot after ending all points seasons, with allocations based on past activity, and users able to choose different lockup options at claim.
Issues⚠️
BGD Labs, the team behind Aave V3, the Umbrella risk module, and most of the governance infrastructure, announced it will stop contributing to Aave on April 1, citing governance and centralization concerns around Aave Labs’ push toward v4 and reduced collaboration with existing contributors.
Moonwell suffered a $1.78M bad debt incident after a misconfigured cbETH oracle triggered mass liquidations, marking a potential first major exploit tied to AI-assisted code and prompting ~20% TVL outflows.
Avantis warned users of a domain phishing attack affecting its main website and advised them to avoid interacting with the site until further notice.
IoTeX’s bridge was exploited for over $8M after a compromised private key allowed attackers to drain funds, which were then swapped to ETH and bridged to BTC via Thorchain.
Farms 🧑🏻🌾
Dolomite offers 7.12% APY on USD1 across multiple chains with $130M+ platform liquidity.
Silo highlights leveraged looping vaults for agETH and hgETH, offering ~27% and ~17% yields at up to 7× leverage using high-LTV borrows and reward-bearing ETH collateral to enhance capital efficiency.
Contango launches two long-dated PT tokens for cUSD and stcUSD across multiple chains including Ethereum, Base, and Arbitrum.
News🗞️
OpenAI and Paradigm introduced EVMbench, a benchmark testing AI agents’ ability to detect, patch, and exploit smart contract vulnerabilities across 120 real audit cases, aiming to measure rising AI security capabilities.
Ether.fi will migrate its non-custodial crypto card and payment stack from Scroll to OP Mainnet, with the transition rolling out over the coming months.
deBridge launched Model Context Protocol (MCP), enabling AI agents and developer tools to execute non-custodial swaps, bridging, and multi-step transactions across EVM chains and Solana with abstracted cross-chain routing.
BNP Paribas Asset Management issued a tokenised share class of a French money market fund on Ethereum using a permissioned model that restricts transfers to approved institutional participants.
Strategy acquired 2,486 BTC for $168.4M, bringing total holdings to 717,131 BTC accumulated for $54.5B at an average price of $76,027.
Wintermute launched institutional OTC trading for tokenized gold products, Paxos’ PAXG and Tether’s XAUT.
Tether said Elemental Royalty Corporation will offer shareholder dividends payable in Tether Gold, marking the first public gold company to distribute dividends in tokenized gold.
For sponsorships, questions, or news tips, reach us at: support@todayindefi.com
Follow @todayindefi to keep up with the latest DeFi news on Twitter.
Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.