LWID: Jupiter Launches JupUSD Incentives, Superlend Launches V2, Dango Launched Mainnet Alpha, and more...
Launches🚀
Jupiter launched JupUSD, a reserve-backed USD stablecoin built with Ethena Labs and designed as a unified settlement asset across Jupiter’s on-chain stack. At launch, 90% of reserves are held in USDtb, a licensed stablecoin backed by BlackRock’s BUIDL fund, with a 10% USDC liquidity buffer.
Tether Gold introduced Scudo, a new on-chain unit equal to 1/1000 of an XAU₮ - a digital token issued by Tether that represents ownership of physical gold, designed to make gold transfers and accounting more practical in DeFi.
Dango launched its Mainnet Alpha as an early release of its exchange-first L1 with a fully on-chain CLOB, enabling spot trading with ETH and USDC deposits from Ethereum and live testing of its core exchange infrastructure. The early release includes the Dango chain, with perps, points, and a public mainnet planned later this month, and a potential TGE hinted at for the summer.
Denaria launched as Linea’s first native perpetual DEX, now live in a closed testing phase after months of development. The team is validating its tech stack before opening access more broadly on Linea via Denaria.
Temple, the first native trading platform on the Canton network, enables private, non-custodial trading of digital assets. At launch, users can trade Canton Coin against USDCx, bridge assets from Ethereum, and access liquidity on Canton, with additional crypto and tokenized markets planned via Temple and Canton.
Updates 📰
Jupiter Exchange CEO proposed ending $JUP buybacks after $70 million spent in 2025 failed to support price, with the token down 89% from its $1.83 peak, and reallocating funds toward user growth incentives instead.
Ranger, the first perps futures aggregator on Solana, announced its RNGR ICO running from January 6–10 via MetaDAO, offering 10M RNGR (39% of supply) with 100% liquidity at TGE and a $6M minimum raise. The sale introduces a points-based allocation for early users
Infinex revised its token sale after community feedback, removing caps, switching to a fair “water-filling” allocation model, and keeping lockups and patron priority while refocusing attention on its self-custodial, CEX-like product.
Lighter started protocol fees and buybacks. Fully transparent and trackable on-chain via its treasury account, with revenues allocated between growth and buybacks based on market conditions as the protocol scales.
Parcl, a real estate investing platform, said real estate prediction markets are now live on Polymarket, allowing users to trade on home price outcomes using Parcl’s housing market data.
Superlend launched V2, introducing a unified on-chain finance terminal that lets users manage portfolios, earn yield, lend, and loop positions from a single dashboard.
Morgan Stanley filed for spot trusts tracking Bitcoin, Ethereum, and Solana, marking the first time a major U.S. bank has pursued its own spot crypto ETPs.
Avici partnered with Solomon Labs to integrate USDv’s Yield-as-a-Service into the Avici neo bank app, allowing eligible users to earn yield on spendable stablecoin balances without locking funds or disrupting daily spending.
GMX bought back around 16,800 GMX tokens over the past week, with staking yield projected at 11.94% APR for the next seven days. In total, over 2.03M GMX have been repurchased
Trove Markets, a perps DEX to trade collectibles, RWAs, and equities, launched their ICO
Aerodrome executed its first buyback of the year, acquiring and max-locking 661K AERO through its programmatic PGF buyback model. The team also signaled the upcoming launch of its Momentum Fund next quarter via Aerodrome.
Arbitrum rolled out the ArbOS Dia upgrade, improving fee stability during demand spikes while laying groundwork for higher throughput, passkey-based onboarding, and new interop gas tokens, alongside compatibility with Ethereum’s Fusaka upgrade via Arbitrum.
Rocket Pool, an ETH staking protocol, launched its final queued minipool, with rETH deposits now filling toward the 18,000 ETH minting cap. rETH liquidity is available and trading at a premium, with the Saturn One upgrade set to enable new MEGAPOOL validators.
Helium CEO, Amir Haleem said will pause HNT buybacks after a limited market impact, despite $3.4M in October revenue. Funds will be redirected to grow Helium Mobile, expand the network, and increase carrier offload, while data credit burns continue.
Stani Kulechov’s proposal says Aave governance should stop micromanaging products and focus on protocol rules, risk, and long-term value. Token holders benefit through higher protocol usage as Aave expands into RWAs and institutions, plus a planned framework to share off-protocol revenue with AAVE holders.
Turtle launched support for major lending protocols, allowing users to access Morpho, Aave, and Euler Finance directly from its Opportunities page, consolidating lending dealflow into a single interface.
Issues ⚠️
IPOR reported a $336K USDC white-hat exploit affecting a legacy USDC Fusion Optimizer vault on Arbitrum, representing less than 1% of Fusion TVL. However, IPOR confirmed full recovery of funds and 10% bounty. The USDC Fusion Optimizer vault on Arbitrum has reopened withdrawals with no user losses.
ZachXBT said Ledger is experiencing a breach at its payment processor, Global-e, which exposed customer contact details for some Ledger.com buyers, while payment cards, wallets, and recovery phrases were not affected. Ledger said the issue was isolated to Global-e and urged users to stay alert for phishing attempts.
Flow published a post-mortem on a December 27 exploit where an attacker counterfeited tokens worth about $3.9M via a Cadence runtime vulnerability, without compromising user balances. Validators approved the permanent destruction of all counterfeit assets, the issue has been patched, and the Flow network resumed normal operations on December 29.
Cyvers flagged a suspicious transaction involving Truebit Protocol, estimating a potential loss of around 8,535 ETH (~$26M). Truebit confirmed a security incident, warned users not to interact with the affected contract, and said it is working with law enforcement while further updates are pending from Cyvers and Truebit Protocol.
The entire Electric Coin Company team behind Zcash resigned following a governance dispute with its parent nonprofit board, citing constructive discharge and misalignment on the project’s mission. Former ECC leadership plans to form a new company, creating uncertainty around Zcash’s development roadmap
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