LWID - Hyperliquid Launching Prediction Markets, Strata Expanding to Neutrl NUSD, YO Protocol Opening Claims, and more...
DeFi📈
Hyperliquid is introducing outcome trading, supporting a fully collateralized prediction market on its upcoming HyperCore update under HIP-4 infrastructure.
Aave DAO votes to shut down three Layer 2 deployments (zkSync, Metis, Soneium) due to persistently low usage and lack of ecosystem growth potential, signaling strategic consolidation of protocol resources.
Ondo Finance receives EU regulatory approval to list tokenized stocks and ETFs, enabling 500 million investors across 30 markets
Lido Finance launched Lido V3 on Ethereum mainnet, introducing stVaults, a customizable staking vaults that preserve stETH liquidity and DeFi composability.
Lighter unveiled Lighter EVM, enabling applications to build above Lighter’s high-performance trading markets and liquidity at low latency. The team said Lighter EVM has been validated on internal devnets and is preparing for an initial public release in the coming weeks.
Avon, MegaETH‘s lending and borrowing protocol, has launched MegaVault, a novel credit layer protocol offering risk-isolated strategies and yield-bearing mechanisms for idle USDm (MegaETH’s stablecoin).
Aave will launch on MegaETH on the first day of mainnet launch.
Pendle Finance is launching sPENDLE buybacks on February 9th, with first yield drops on February 13th, offering time-weighted rewards from January 29th UTC for token holders.
ArbitrumDAO proposed a new delegated voting power quorum model that would dynamically calculate quorum using predefined mathematical parameters, aiming to refine how governance proposals are validated.
AlchemixFi, a lending protocol, will begin automatically migrating all v2 positions to v3 on Feb. 6, following the approval of AIP-123. The protocol issued a final reminder ahead of the upgrade, with the transition set to move all existing positions onto Alchemix v3 without user action.
TermMax launched a Binance W3W campaign offering a one-time reward of 200,000 XP and a Binance W3W Early Adopter badge for users who connect the Binance Wallet and complete 5 consecutive daily check-ins on BNB Chain.
Jupiter launches Airdrop Season Rewards, users can claim rewards based on their Q4 time-weighted stake through Jupiter Mobile or Desktop wallet.
Strata is moving beyond Ethena’s USDe, with its first new market launching on Neutrl’s NUSD through upcoming srNUSD and jrNUSD tranches, alongside a dedicated new website and app.
Stable rolled out v1.2.0 mainnet upgrade, introducing USDT0 as the native gas token alongside simplified user flows, improved staking visibility, and new gas-waived transactions.
MegaETH announces the deployment of Bungee Exchange, a liquidity marketplace providing instant swaps across 25+ blockchain networks.
GMX Buy Back & Distribute program purchased 56,200 GMX last week. Cumulatively, the program has acquired about 2.02 million GMX from the open market.
Doppler, a token creator protocol, enables fully on-chain automated buybacks, fee consolidation, and custom distributions without manual intervention on Base.
Aave expands accessibility by integrating with Rabby Mobile, allowing users to borrow and earn yield directly through a mobile interface, simplifying DeFi lending access.
Superform launched its mobile app, enabling a user-owned neobank, now live on iOS in the U.S. and Canada.
Avon, MegaETH‘s native lending and borrowing protocol, has launched MegaVault, a novel credit layer protocol offering risk-isolated strategies and yield-bearing mechanisms for idle USDm (MegaETH’s stablecoin).
Aave will launch on MegaETH on the first day of mainnet launch.
Pendle Finance is launching sPENDLE buybacks on February 9th, with first yield drops on February 13th, offering time-weighted rewards from January 29th UTC for token holders.
ArbitrumDAO proposed a new delegated voting power quorum model that would dynamically calculate quorum using predefined mathematical parameters, aiming to refine how governance proposals are validated.
AlchemixFi, a lending protocol, will begin automatically migrating all v2 positions to v3 on Feb. 6, following the approval of AIP-123.
Privacy🔒
Payy Network, a privacy Layer 2 EVM, launches on Ethereum, enabling ERC-20 transfers to be private by default without requiring wallet or smart-contract changes.
Stablecoins/RWA🪙
OWN enables crypto-backed mortgages through an integration with Aave, Ether.fi, and Safe. The setup uses yield-bearing weETH as collateral, allowing borrowers to retain staking and restaking rewards while offsetting borrowing costs, and enabling lenders to benefit from growing collateral coverage.
Avant Protocol and Frax Finance launch avUSD/frxUSD liquidity pools, offering up to ~59% APR on Etherex (Linea) and ~38.7% APR on Curve Finance via StakeDAO.
MetaMask added support for Ondo Finance’s real-world assets, bringing tokenized stocks directly into the self-custodial wallet
Pendle launched new Ethena PT markets on Aave with a May 2026 maturity.
Curve Finance proposal to raise the maximum share of protocol fees allocated to Savings crvUSD, allowing scrvUSD depositors to earn a larger share of fees during high-activity periods.
Prediction Markets
Polymarket is coming to Solana via Jupiter, bringing Polymarket’s prediction markets on-chain to Solana for the first time through a single trading interface on Jupiter.
Airdrops🪂
Cap Money Frontier Program participants will receive a total of 12 million cUSD as the first stablecoin airdrop, rewarding early protocol contributors. Pendle YT-cUSD holders will also receive the airdrop.
PrismFi, a self-funded MegaETH-based trading superapp, is opening early access to its high-speed, multi-product venue spanning perps, lending, cross-chain swaps, and prediction markets. Points incentives are live ahead of mainnet, with a potential airdrop implied.
YO protocol initiated token claims for $YO, guiding users to connect their wallet on the Base network and confirm their allocation, with tokens currently non-transferable.
Echelon launched ELON on Aptos, opening airdrop claims for Points and veTHL holders with a 30-day claim window from TGE
Ethena introduced Exchange Points, a new incentive program rewarding genuine trading activity on Ethena-powered venues, including Ethereal and Hyena, distributing 100 million points per venue each week over six months.
MetaMask said LINEA tokens will be distributed proportionally based on users’ level and total points at the end of the season, with allocation previews available this week and claims scheduled later this month.
YO Protocol expanded its reward distribution, adding $YO incentives for users who LP on Pendle or borrow and loop positions on Euler and Morpho.
Stake DAO rolled out additional YB rewards on the PYUSD/crvUSD gauge on Curve Finance, offering up to 25% on YB incentives.
Arcium, a privacy computing network, opened its airdrop checker, eligibility is based on sustained, on-chain activity rather than a one-off snapshot.
Issues⚠️
Merkle, a perps DEX protocol, will wind down operations over the coming weeks. The platform will stop opening new positions on Feb. 6 and forcibly close remaining positions on Feb. 10.
Gyroscope governance proposed a whitehat settlement following the GYD bridge security incident, asking the exploiter to return 200 ETH by Feb. 5 in exchange for keeping the remaining funds as a fixed bounty and halting further investigation.
Step Finance, a liquidity protocol on Solana, suffered a major treasury wallet breach, resulting in $27M of SOL being drained and causing the STEP token to crash 90%, signaling significant security vulnerabilities in the protocol.
CrossCurve crypto bridge has halted user interactions and launched an investigation after a $3M smart contract breach, urging users to pause transactions while the protocol assesses the extent of the security compromise.
Gyroscope reported an exploit affecting GYD’s cross-chain contract and advised users not to interact with GYD, with GYD liquidity pools paused while noting that non-GYD Gyroscope CLPs are unaffected, as the team works with security researchers to investigate and share updates.
crvUSD briefly depegged after Curve’s pegkeepers reportedly exhausted their reserves, pushing crvUSD/USDT to around 0.95 and crvUSD/USDC to roughly 0.96 while borrow rates spiked toward 30%.
Extended reported a 10× spike in order traffic caused a brief AWS node reboot, leading to a ~53-second trading interruption on Feb. 6 before normal operations resumed. The team plans to increase server capacity, noted that withdrawals may slow during peak load, and said affected users can submit claims for reimbursement.
Farms and Yields 🧑🏻🌾
Liquity Protocol introduces up to 10% APR across three low-risk DeFi venues, offering yield through Stability Pools and liquidity provision on Curve and Uniswap.
Dolomite offers up to 9.59% APY on USD1 deposits, combining lending returns, WLFI rewards, and oDOLO incentives, with additional points claimable on Merkl.
Kamino launched the NX8 Liquidity Vault, offering a single onchain position with diversified Layer-1 exposure across BTC, ETH, SOL, BNB, TRON, HYPE, AVAX, and SUI.
Lista DAO added new USDC markets on Lista Lending, enabling users to post USDC or USDC/USDT Smart LP as collateral to borrow USD1, USDT, and U.
YO protocol, a yield aggregator protocol, launched rewards with $YO, offering a 14% reward APY on top of native vault yield, bringing total yields to ~21% for yoUSD, 18% for yoETH, 16% for yoBTC, 19% for yoEUR, and 14% for yoGOLD as the points program ends and rewards go live.
Loopscale introduces a PT-USDC+ yield farming opportunity with up to 14.3% APY and bonus Reflect Points for the next six days.
Exponent Finance introduces new Solstice USX and eUSX token maturities with $10K in rewards, offering existing users a time-limited 25% Flares boost if they migrate positions before February 13
Lista DAO expands lending markets by adding PT-sUSDe-09APR2026 as collateral, enabling borrowing in USDT, USD1, and U tokens with competitive interest rates around 0.76-0.77%.
Wasabi Protocol, a DEX on Solana, launches Wasabi Earn, offering 19% yield on Tether Gold, a fully backed tokenized gold asset issued by Tether.
SHIFT Protocol, a yield tokenization protocol, launched its first Pendle pool for extUSD, offering liquid and permissionless exposure to the Extended perps DEX and Shift Points on top of 11% implied yield.
Frax Finance‘s frxUSD/USDe pool on Kyber Network is currently yielding over 30% APY, leveraging a sustainable yield-forwarding model.
Renzo launches a new ezETH Alpha Loop Vault to Renzo Reserve in partnership with Compound Finance, offering up to 5% leveraged ETH yield strategy.
WOOX launches Fixed-Term Earn with a 4M USDT total pool, offering 50K USDT per user per product on a first-come, first-served basis.
Yield Nest offers 24% APY for USDC supply on Euler Finance, combining a 4% base rate with a 20% bonus incentive through Merkl, providing an attractive short-term yield opportunity.
Jupiter Lend is offering a straightforward 6.15% APY opportunity for JupUSD holders.
Dolomite is launching weekly oDOLO rewards for holders of multiple tokens including $HONEY, $USDC, $WBTC, and others every Thursday.
Silo Finance launches new managed ETH vaults by Upshift, powered by KelpDAO, offering up to 92% loan-to-value and competitive borrowing rates with reward-bearing collateral.
News🗞️
World Liberty Financial, a DeFi protocol associated with the Trump family, was forced to sell $5 million in Bitcoin to cover an Aave loan, demonstrating potential liquidity pressures in crypto lending.
Strategy bought 855 bitcoin for about $75.3 million at an average price near $87,974, lifting total holdings to 713,502 BTC as of Feb. 1.
Hong Kong’s monetary authority will cautiously grant initial stablecoin issuer licenses in March, with only a small number of applicants expected to be approved.
Brian Armstrong and Jamie Dimon reportedly clashed at Davos over the US crypto market structure bill, with Dimon accusing Armstrong of misrepresenting banks’ opposition to stablecoin yield.
Binance will convert its $1B SAFU fund into bitcoin over 30 days, signaling long-term BTC confidence despite the market selloff.
Donald Trump nominated former Fed governor Kevin Warsh as the next Federal Reserve chair, replacing Jerome Powell.
President Trump signed the bill officially ending the US government shutdown.
Senate Democrats are planning a closed-door meeting on crypto market structure, marking the first member-level discussion since the Banking Committee postponed its previous markup.
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