Mastercard Integrates Ondo as First RWA Provider, Vertex Launches 1.75M $S Trading Rewards, JLP Navigator II: 40% APR with Downside Protection
Launches π
Solv Protocol launches SolvBTC.BNB Cap 1 Raise, offering BTC holders yield-bearing liquid staking with access to Binance Launchpool, Megadrop, and HODLer rewards without selling their BTC. Powered by Astherus, Lista DAO, Venus Protocol, and PancakeSwap, the strategy enables BTC deposits to generate 8%+ APY through BNB Chainβs top DeFi opportunities.
BTC is used as collateral on Venus, with borrowed BNB converted into slisBNB and asBNB for optimized yield, while a portion is allocated to PancakeSwap liquidity pools.
DIA Oracles go live on Somnia Testnet, bringing trustless price feeds to the high-performance, EVM-compatible Layer 1 blockchain. Optimized for gaming, metaverse, and social dApps, Somnia supports 1M+ TPS with sub-second finality. Developers can now integrate real-time price feeds for BTC, ETH, ARB, USDT, and USDC, enabling advanced DeFi applications such as lending, stablecoins, and DEXs.
DeFi Saver is a non-custodial DeFi management tool with advanced features for managing positions and crypto assets across top DeFi Protocols like Aave, Fluid, Liquity, and more. It stands out for its smart wallet automation and position migration capabilities, helping users avoid liquidation with innovative solutions that make DeFi more accessible and user-friendly.
Today in DeFi is supported by DeFi Saver.
Issues β οΈ
Safe{Wallet} confirms that the Bybit attack was a targeted operation by the Lazarus Group, exploiting a compromised Safe{Wallet} developer machine to propose a disguised malicious transaction. A forensic review found no vulnerabilities in Safe smart contracts or frontend services. In response, Safe{Wallet} has rebuilt and reconfigured its infrastructure, rotated credentials, and implemented additional security measures.
The platform has been restored on Ethereum mainnet with a phased rollout, and a full post-mortem will be published once the investigation concludes. Safe also commits to leading industry-wide efforts to improve transaction verifiability.
Updates π°
Wormhole introduces Wormhole Settlement, a next-generation suite of intents protocols designed for fast, multichain transfers at institutional scale. Built on Solana and powered by Wormhole and Mayan Finance, the system enables seamless asset transfers across any chain with high reliability and full composability.
Wormhole Settlement includes three key components: Liquidity Layer, an institutional-grade intents protocol; Mayan Swift, an onchain auction protocol optimized for speed; and MCTP, which integrates with Circleβs CCTP for enhanced composability.
Securitize brings Apollo Globalβs ACRED into DeFi through its sToken partnership with Elixir, allowing investors to mint deUSD liquidity while retaining ACRED ownership and yield. deUSD holders can access USDC borrowing on Morpho with a 91.5% LLTV, provide liquidity in Spectraβs yield trading pool and LFJβs deUSD/USDC pool, unlocking new DeFi opportunities. This integration bridges institutional private credit with DeFi, enhancing liquidity and capital efficiency across the ecosystem.
Berachain introduces Polaris, the first fully autonomous Star in Skyβs Agent Framework, leveraging $7.5B of SkyEcosystemβs USDS to deploy capital into the Berachain ecosystem. The integration combines Skyβs deep liquidity engine with Proof of Liquidity, enhancing capital efficiency across Berachain.
Inverse Finance integrates deUSD-DOLA LP collateral tokens into FiRM, allowing users to leverage their liquidity for borrowing. Deposits into Curve Finance are automatically handled by FiRM, with options to stake LP tokens on Yearn or Convex. Users can loop positions up to 10x with a 90% collateral factor, earning up to 69.59% APY while benefiting from fixed lending rates to avoid rate volatility. The collaboration with Elixir, Yearn, Convex, and Curve also offers 10x Apothecary potions rewards for deUSD-DOLA liquidity providers.
Upcoming β³
Mastercard integrates Ondo Finance into its Multi Token Network (MTN), making it the first RWA provider on the platform. Ondoβs Short Term US Treasuries Fund (OUSG) will serve as the first tokenized RWA solution, enabling businesses to access daily yield and flexible cash management onchain.
A proposal for Aave v3 Sonic activation is now live. If approved by governance, Aave will launch on Sonic next Monday.
Fjord Foundry announces the upcoming Magpie Protocol Pre-Sale, a Fjord-partnered project and the first aggregator in the Sonic ecosystem. Backed by Jump and ParaFi Capital, Magpie claims to offer over 90% better pricing than leading DEX aggregators, with $4.5 billion in trading volume across 19 blockchains.
The project is integrated by Rabby and 15 others, with the sale and TGE set to take place on SonicLabs.
Airdrops πͺ
Vertex launches a 1.75M $S token trading rewards program over the next five weeks, distributing 350K $S tokens weekly based on taker volume. Traders can earn up to 100% of taker fees paid in $S, with rewards scaling proportionally if demand exceeds the pool. In addition to $S, participants will also farm Sonic Points and Gems as part of Season 1 ecosystem rewards.
The program runs from February 26 to April 1, with weekly epochs refreshing every Wednesday.
Morph highlights its rapid growth, boasting over 1 million community members, 165K+ unique registered addresses, 3.25M+ transactions, and 200+ deployed projects. Backed by Dragonfly, Pantera, Foresight Ventures, The Spartan Group, and others, Morph secured $20 million in seed funding to expand its ecosystem. The platform also fosters a vibrant creator community, offering resources for content and storytelling. Morph continues to engage its community through online and IRL events, with a Secret Room gathering planned this Thursday in Denver.
Farms π§π»βπΎ
Ethena Labs introduces two new Pendle pools, offering enhanced rewards for USDe holders. The eUSDe pool with Ethereal DEX expires on May 29, earning 50x Ethena Rewards and Ethereal points, while the USDe pool expiring on July 31 features an exclusive 60x Ethena Rewards multiplier, the highest to date. Ethena confirms that interactions post-Season 3 expiry will count toward Season 4 rewards, with further details expected next month. Pendle is also migrating the old USDe pool to optimize the new 60x Sats yield structure for YT holders.
Provide GHO liquidity on Spectra for stkGHO Mar 2025 PT to earn incentives from SPECTRA reward pool for up to 20% APR on Ethereum. With more than $8M TVL, the pool delivers good returns with good liquidity and low impermanent loss risk.
Today in DeFi is supported by ACI
For sponsorships, questions, or news tips, reach us at: support@todayindefi.com
JLP Navigator II Vault: A Smarter, Risk-Managed Approach to Yield
Description
Building upon the foundation of the original JLP Navigator Vault, Vectis introduces the JLP Navigator II Vault, offering an estimated Annual Percentage Rate (APR) of 47.25%.
This advanced vault combines dynamic hedging, strategic yield optimization, and an industry-first insurance fund to provide stable, risk-adjusted returns for USDC depositors.
How JLP Navigator II Delivers Better Yields
JLP Navigator Vault introduced delta-neutral yield farming, allowing users to capture JLPβs yield while mitigating directional exposure. JLP Navigator II expands on this concept with:
β Insurance Protection β Vectis' insurance fund absorbs losses beyond a 5% drawdown, adding a layer of security not present in the first vault.
β More Dynamic Hedging β Real-time tracking of Jupiter Perpetuals activity optimizes hedge efficiency.
β Enhanced Yield Optimization β Adjustments based on stablecoin APY spikes and JLPβs premium/discount cycles allow for more efficient returns.
β Improved Rebalancing Mechanism β More frequent delta and time-based rebalancing keeps the vault market-neutral with lower trading costs.
These upgrades aim to deliver better risk-adjusted returns while ensuring capital protection remains a priority.
Key Features of JLP Navigator II
1. Insurance Fund Protection
A first in DeFi vault strategies, Vectis' insurance fund provides an added safeguard for depositors:
If drawdowns exceed 5%, the fund automatically covers the excess losses, protecting user capital.
Actively managed reserves ensure liquidity is available to cover potential downside risks.
This creates greater investor confidence, mitigating concerns over market volatility.
2. Yield Optimization & Strategic Reserve Allocation
JLP Navigator II refines its approach to yield farming by:
Capturing JLPβs natural yield while leveraging inefficiencies in premium/discount cycles.
Monitoring stablecoin APYs to take advantage of sudden yield spikes while ensuring liquidity remains available.
Earn $FUEL Points: Depositing in the JLP Navigator II Vault also earns $FUEL points, which will be airdropped as $DRIFT tokens by the Drift team in the coming months. This provides an additional yield opportunity for users looking to maximize their returns.
3. Dynamic & Adaptive Hedging
A market-neutral approach ensures that depositors' returns remain unaffected by fluctuations in SOL, ETH, and BTC prices.
Hedged short positions on Drift neutralize exposure to market volatility.
Continuous monitoring of trader behavior and volatility levels guides hedge adjustments.
Rebalancing adjusts positions dynamically to maximize efficiency.
4. Robust Rebalancing Mechanism
Two key rebalancing strategies are in place to maintain portfolio stability:
Delta Rebalancing: Adjusts hedging positions when exposure surpasses 2% of the vaultβs net value.
Time-Based Rebalancing: Every 8 hours, the vault reassesses its exposure and rebalances positions to maintain delta neutrality while reducing unnecessary trading fees.
Withdrawal Terms & Fees
JLP Navigator II ensures liquidity while structuring withdrawal terms for efficiency:
Redemption Period: Withdrawals can be requested at any time but are subject to a 1-day redemption window. Profits accrued during this period are not credited.
Airdrop Handling: Unexpected airdrops (e.g., $JUP, $DRIFT) incur a 20% fee, while 80% is distributed proportionally to depositors.
Performance-Based Fee: No management feesβa 25% performance fee applies only to profits, aligning incentives with depositor success.
How to Use the JLP Navigator II Vault
Participating in the JLP Navigator II Vault is straightforward. Follow these steps:
Access the Platform
Navigate to the Vectis Finance website and select the JLP Navigator II Vault.
Connect Your Wallet
Click on the "Connect Wallet" button and choose your preferred wallet provider. Ensure your wallet contains USDC for deposit.
Deposit Funds
Enter the amount of USDC you wish to deposit into the vault.
Confirm the transaction in your wallet.
Monitor Performance
After depositing, you can track your investment's performance directly on the platform.
The vault employs dynamic strategies to optimize yields while managing risks.
Withdraw Funds
To withdraw, initiate a request on the platform.
Withdrawals are subject to a 1-day redemption period.
docs.vectis.finance
During this time, profits accrued will not be credited and will be forfeited.
Withdrawal Terms & Fees
Redemption Period: Withdrawals can be requested at any time but are subject to a 1-day redemption period.
docs.vectis.financeAirdrop Fees: A 20% fee applies to airdrops or unexpected returns, with the remaining 80% claimable based on a time-weighted calculation.
Performance Fee: A 25% performance fee is applied only to profits, ensuring alignment between user success and vault incentives.
Potential Risks
Despite its risk management features, JLP Navigator II carries certain risks:
Smart Contract Risk: The vault interacts with Jupiter and Drift, both of which have undergone security reviews but remain exposed to smart contract vulnerabilities.
Hedging Risks: Market volatility in SOL, ETH, or BTC could cause temporary inefficiencies in hedge execution, though continuous monitoring minimizes exposure.
Why Deposit in JLP Navigator II?
JLP Navigator II enhances its predecessor by adding protection, increasing efficiency, and fine-tuning strategies for more stable yield generation.
β First insured DeFi vault β Vectisβ insurance-backed model adds a new layer of security.
β More refined yield strategy β Improved hedging and premium trading capture more value.
β Designed for long-term sustainability β Adaptive risk management ensures stable, market-neutral returns.
For a deeper analysis of the strategy and performance, read the whitepaper:
π JLP Navigator II Vault Whitepaper
JLP Navigator II builds on the success of its predecessor while introducing more robust risk controls and optimization mechanisms. With Vectisβ insurance protection, enhanced hedging strategies, and a structured yield approach, it presents a compelling alternative for investors looking for stable, high-yield opportunities with reduced market exposure.
Click here to start Earning with JLP NAVIGATOR VAULT II
Today in DeFi is supported by Vectis Finance
If you have any questions or feedback feel free to 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.