LWID: Sky Launches Yield Bearing Stablecoin, Hyperliquid Launches Permissionless Perps Listing, Solana Integrated to Uniswap, and more...
Launches 🚀
Sky launched stUSDS on the Sky Money App, introducing the first risk capital token within its ecosystem. Users can supply USDS to earn up to 40% APY from stability fees paid by USDS borrowers, taking on higher exposure to system risk in return. Withdrawals depend on available idle USDS, and governance will adjust reward rates based on borrowing activity and total supply.
The new system incentivizes advanced users to fund liquidity for SKY stakers, strengthening participation in Sky’s broader governance framework.
Strata launched its mainnet, introducing a platform that bridges DeFi and TradFi through composable structured products offering customizable risk-reward exposure. The protocol enables users to access crypto-native yields like Ethena’s USDe and beyond, marking a step toward democratizing onchain investment strategies.
Hyperliquid will activate its HIP-3 upgrade today, enabling the permissionless creation of perpetual futures markets on its network. HIP-3 allows builders to deploy their own perp DEXs on HyperCore by staking 500,000 HYPE, marking a major step toward decentralized market listings.
The upgrade integrates with HyperEVM for smart contract functionality and governance, featuring safeguards such as validator slashing and open interest caps. HYPE has surged 11% over the past 24 hours to around $42 following the announcement.
Pudgy Penguins launched penguSOL in partnership with Sanctum, introducing a liquid staking token for SOL that supports the Pengu validator.
Holders can stake SOL to earn yield with no lockups while supporting the $PENGU ecosystem, combining staking flexibility with community-driven validation on Solana.
StandX launched its Alpha phase, introducing the world’s first perpetual DEX that pays users to trade. Early “Standers” who joined the waitlist before July 31 now have exclusive access, with more invites rolling out soon.
Participants can deposit 1 DUSD to receive 1 tDUSD, earning risk-free yield while testing the platform until November as StandX gathers insights to refine the trading experience.
Dango launched its third and final testnet, marking the last phase before mainnet. Testnet-3 introduces social logins via Privy, TradingView integration, liquidity depth charts, and improved performance across four consensus nodes. With over 400K users and 5M transactions to date, Dango positions itself as the “DeFi superapp” focused on seamless onchain trading.
Users can join the Galxe quest to earn a limited edition OAT and unlock exclusive mainnet benefits.
Babylon launched Testnet-6, allowing users to stake BTC and BABY through its testnet dashboard and to join as validators or finality providers. The coming v4 upgrade will add co-staking and stake-extension features, marking another step toward Babylon’s trustless Bitcoin-secured ecosystem.
Feather launched on Sei, bringing Morpho’s $12B+ lending infrastructure to the chain. Users can now earn yield or borrow against crypto assets with sub-500 ms transactions.
The launch features $250K in SEI rewards and FTR points over 90 days, expanding institutional-grade lending access within Sei’s ecosystem.
Superform launched its V2 Web App in open access, introducing unified portfolio management, cross-chain asset reallocation across seven networks, and SuperVault yield optimization. Users can log in with a wallet, social account, or passkey, while early supporters can join the mobile waitlist.
Updates 📰
Aster completed a buyback of 100 million $ASTER tokens, with all repurchased tokens held in a designated on-chain wallet on BNB Chain valued at roughly $179 million. The move marks one of Aster’s largest buyback operations to date, signaling growing confidence in its ecosystem’s long-term sustainability.
Flying Tulip released its Public Sale Guide detailing a four-round token sale: Early Access, Supporter Whitelist, Intent Whitelist, and Open Public. The sale will span six chains—Ethereum, Avalanche, Sonic, Base, BSC, and Solana—with identical terms across all rounds.
Network caps and waterfall allocations are implemented to manage risk, and a detailed step-by-step breakdown is available in the project’s documentation.
MegaETH pinned its announcement, introducing itself as the first real-time blockchain, emphasizing community ownership and participation. The team invited users to register for its upcoming ICO at token.megaeth.com.
USDT0 announced the launch of The Legacy Mesh and XAUt0 on Solana, bringing both the leading stablecoin USDT and gold-backed XAUt to the network. The integration aims to power internet-scale capital markets, payments, and crypto applications on one of the world’s largest blockchains.
Lighter announced a 250,000-point compensation drop for traders affected by the October 10 outage, with Season 2 point distributions beginning October 17. The compensation covers three categories: 150,000 points and USDC refunds for losses during pre-crash performance issues (~$25M total), 25,000 points for LLP holders impacted by a 5% drawdown, and 75,000 points plus refunds for losses during the 4.5-hour post-crash downtime (~$7M).
The team also released a detailed post-mortem and clarified LLP mechanics to improve transparency.
Orderly Network launched Orderly RWAs, introducing perpetual trading for real-world asset indices directly within DeFi. Users can now trade SPX500 and NAS100 perps with up to 20× leverage, fully USDC-settled and live 24/7.
Bybit announced a major rebrand of its Web3 division to Alpha, marking the next evolution of its on-chain trading platform. Alpha introduces faster, simpler, and smarter trading—allowing users to trade on-chain assets directly from their Bybit Unified Trading Account without gas tokens or wallet setup. The rebrand reflects a broader vision focused on smarter strategies and stronger yields, with upcoming features including liquid staking products, CEX-DeFi arbitrage tools, and enhanced DeFi access.
Alpha aims to bridge CEX convenience with DeFi innovation, creating a unified ecosystem for seamless on-chain opportunities.
Stable announced a partnership with Morpho Labs to integrate Morpho’s $12B lending network into Stable Pay’s Earn feature. The collaboration will enable users to access onchain lending and borrowing solutions directly within the Stable app, bridging digital payments with DeFi yield opportunities while working toward a more efficient and sustainable stablecoin ecosystem.
SharpLink announced a $76.5M equity raise at $17 per share—12% above market—alongside an additional $79M potential via a 90-day premium purchase contract at $17.50 per share, the first of its kind in the DAT ecosystem.
The raise is accretive to shareholders and will be deployed to increase ETH per share, reinforcing SharpLink’s long-term strategy of ETH accumulation and treasury growth.
Uniswap has officially integrated Solana into its Web App, allowing users to swap Solana tokens directly via Jupiter Exchange. This marks the first phase of Solana support, uniting Ethereum and Solana under a single interface with access to over a million Solana assets.
Future plans include bridging, cross-chain swaps, and wallet integration.
The Hyperwave public sale is now live. As an LBP (Liquidity Bootstrapping Pool), the price begins high and gradually decreases until buyers stabilize it. The sale runs for over three days.
f(x) Protocol launched Limit Orders, allowing users to automatically open or close leveraged positions at preset prices with no gas fees. Orders can run from 30 minutes to one year, offering full or partial fills, real-time tracking, and cancellation flexibility.
The feature was audited by SECBIT and supports a minimum order size of 100 fxUSD. Combined with f(x)’s zero-funding fee design, Limit Orders give traders greater control and automation in managing leveraged positions.
Agora and Upshift are bringing AUSD and earnAUSD to Monad as core stablecoin and yield assets. AUSD is a USD-backed stablecoin, while earnAUSD allocates deposits across delta-neutral strategies for optimized yield.
Both integrate across major Monad protocols including Perpl, Kuru, Ambient, and Euler, establishing foundational liquidity for trading, lending, and RWAs.
Incentive programs will follow to drive adoption and liquidity growth across the Monad ecosystem.
Felix announced its integration into the Morpho App as a curator for Hyperliquid, expanding access to Felix Vaults directly through Morpho’s interface.
Aerodrome introduced a programmatic buyback model through its Protocol Growth Fund (PGF), designed to dynamically adjust buybacks based on market conditions and deploy capital when impact is greatest.
All repurchased tokens will be locked to reinforce long-term alignment.
The first buyback has already been executed, totaling $400,000 worth of AERO.
USDai announced it has passed Aave’s temperature check to onboard USDai and sUSDai as collateral assets on Plasma and Arbitrum. The proposal now moves to the ARFC stage, the final step before full integration into Aave’s ecosystem.
Ethereum Foundation formed the Privacy Cluster, a 47-member team led by Igor Barinov to make privacy a core property of Ethereum. The initiative expands on the Foundation’s Privacy & Scaling Explorations efforts, focusing on confidential transfers, metadata protection, and privacy-preserving cryptography.
The Cluster will collaborate with existing community projects to advance private payments, identities, and wallets through end-to-end onchain privacy development.
BlackRock and Brevan Howard launched tokenized funds on Sei, marking a major step for institutional adoption on the network. Circle’s Gateway integration enabled native USDC support, while Kindred AI—built on Sei—entered DappRadar’s top 10 global dApps.
With both institutional and consumer applications thriving, Sei is positioning itself as a leading global settlement layer for digital assets.
f(x) Protocol reported flawless performance during a major market downturn that erased nearly $20 billion in value over 24 hours. The leverage protocol endured one of its toughest stress tests without a single hard liquidation—executing 78 rebalances for wstETH and 9 for wBTC automatically through smart contracts.
SharpLink reported its ETH holdings have grown to 840,124, with 488 ETH earned in staking rewards last week. The company’s cumulative staking rewards now total 5,211 ETH—valued at over $20 million—since the launch of its treasury strategy.
Ethena Labs announced that the USDtb smart contract has been officially transitioned to Anchorage Digital, marking a major regulatory milestone. This move makes USDtb the first federally regulated stablecoin issued in full compliance under the GENIUS Act, representing a significant step toward institutional-grade onchain finance.
Issues ⚠️
Ethena Labs reported that USDe briefly faced secondary market volatility amid broader market liquidations, though mint and redeem functions remained fully operational with no downtime.
The protocol confirmed USDe remains overcollateralized and that the current market dislocation—where perpetuals trade below spot—has generated unrealized profit for Ethena’s short positions, further strengthening its collateral ratio.
Lighter published a post-mortem detailing its first major outage since mainnet launch, caused by database overload during extreme market volatility on October 10. The 4.5-hour downtime stemmed from a delayed infrastructure upgrade amid a 10x spike in network TPS.
The team has since restored full operations, scheduled a database upgrade, and plans a mass compensation event for affected traders—covering both losses and liquidations, partly in stablecoins and points.
Paxos confirmed that it accidentally minted excess PYUSD during an internal transfer at 3:12 PM EST but promptly burned the surplus. The company clarified that the incident was a technical error, not a security breach, and that all customer funds remain safe. The root cause has been identified and resolved.
Typus Finance released a detailed post-mortem on the October 15 exploit that impacted its TLP vaults, resulting in an estimated $3.44 million loss. The report outlines the full incident timeline, root cause, and recovery plan.
Typus confirmed that funds in its SAFU and DeFi Options Vaults were not affected and reaffirmed its commitment to transparency as remediation efforts continue.
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