MetaMask Launches Token Gas Payments, Frax Launches BAMM Decentralized Borrowing, Upcoming Events and Token Unlocks, and many more...

Launches 🚀

• Frax Finance introduced BAMM, a new liquidity mechanism using a constant product formula to maintain balance and protect borrowers from volatility. BAMM pools allow decentralized borrowing without oracles, enabling loans against long-tail assets like memecoins while preventing bad debt for LPs.

  • Lenders earn variable interest and swap fees based on pool utilization, while borrowers access permissionless 3x leverage with reduced liquidation risk.

• Sturdy Finance launched SN10, an AI-driven Bittensor subnet optimizing $200 million in assets across protocols like Renzo, Ondo, and Curve. The system uses miners to generate yield strategies, with validators selecting the best for execution. Key features include real-time liquidity rebalancing, decentralized oversight, and enhanced efficiency in DeFi.

• f(x) Protocol has officially launched v2.0, introducing fixed, low stress leverage trading on ETH with no funding fees and reduced risk of liquidations. Stability Pool users can earn triple yields through trading fees, ETH staking rewards, and FXN emissions. Now open to all users, leverage starts at 7X during the bootstrap phase and will increase to 10X upon stabilization. Thoroughly audited, f(x) v2.0 offers everyone a safer, smarter trading experience.

  • Today in DeFi is supported by f(x) Protocol

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Issues

• Mode Network reported that Ionic, a lending protocol, was hit by a sophisticated exploit two hours ago. Mode is collaborating with Ionic and security experts to investigate the incident. They confirmed that Mode's chain remains unaffected and emphasized the importance of strengthening security across the DeFi ecosystem. Further updates will be provided as the investigation progresses.

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Updates 📰

• MetaMask introduced a new feature allowing users to pay gas fees with the token being swapped, eliminating the need for ETH. This is currently available on Ethereum Mainnet with support for multiple tokens, with plans to expand further.

• EigenLayer showcased Level 1 Agents powered by modular verifiable components, addressing the high costs of onchain AI. These agents use tools like EigenDA for memory and AVSs for safeguards, enabling secure policy enforcement against manipulation

• Brahma introduced the Swell Reward Agent, an automated solution for claiming $wSWELL rewards every 6 hours without custody risks. Built on ConsoleKit with Swell Network, the agent tracks positions, claims rewards, and logs activity via Merkl, all through a one-time setup with no token approvals.

• Usual proposed launching the USL, a fixed-rate borrowing system built on Euler V2 with key parameters including an 83% Loan-to-Value (LTV), 5% APR, and a liquidation threshold near 1:1 collateral value. Borrowers can deposit USD0++ to access predictable debt accrual, while DAO revenue is generated through interest and liquidations.

  • The implementation plan includes audits, a mainnet launch, and performance monitoring. Governance voting begins at 2:30 pm UTC.

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Upcoming ⏳

• Berachain Foundation announced that its mainnet will launch on February 6, 2025, alongside the token generation event (TGE). Berachain, a Layer 1 blockchain, will release details on tokenomics and a token checker tomorrow.

• Ondo Finance revealed the next phase of its Ondo Global Markets (GM) platform, aimed at tokenizing real-world assets (RWAs) like stocks, bonds, and ETFs. The new framework combines stablecoin-style liquidity and transferability with built-in permissioning for distribution.

• Rujira Network outlined the steps for users holding K 0.00%↑ UJI and other Merge tokens to participate in the upcoming Merge. Users with IBC-compatible wallets need to transfer tokens to the Cosmos Hub, while those using Passkey wallets must first migrate their tokens to a compatible wallet.

  • Bridged $KUJI holders on Osmosis or Arbitrum should bridge back to Kujira, and CEX users are advised to withdraw to Kujira to complete the process. Bonus $RUJI tokens will be distributed to users who delay withdrawals.

• Uniswap Foundation announced the Unichain Validation Network (UVN), designed to enhance Unichain’s decentralization. Upon launch, 65% of net chain revenue will be allocated to validators and stakers for securing the network. UVN will begin testing on the Unichain Experimental testnet in the coming months, with a full launch planned afterward.

• Pendle Finance outlined its 2025 roadmap, focusing on scaling yield trading and expanding new verticals. Pendle V2 will enhance permissionless market creation, dynamic fees, and vePENDLE participation.

  • The Citadels initiative aims to reach non-EVM chains, TradFi institutions, and Shariah-compliant markets, while Boros will provide tools for hedging funding rates in perpetual markets.

• GMX announced GMX-Solana, a community-driven extension enabling self-custody trading on Solana. The DEX will support hundreds of assets, offer democratized liquidity provision via GLV, and implement an incentivized Trade-to-Mint model using $GT.

• f(x) Protocol reminded users that its Base launch IDO begins tomorrow at 2 PM UTC. Participants can still lock $FXN tokens to receive a 50% discount on the IDO price and secure 75% of protocol revenue.

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Airdrops 🪂

• Avalon Labs reminded users that only two days remain for gAVL airdrop registration.

• MegaETH Labs unveiled its flagship NFT collection, The Fluffle, consisting of 10,000 soulbound NFTs representing meaningful ownership in the MegaETH network. Each NFT, priced at 1 ETH, collectively accounts for at least 5% of the network, with a dynamic allocation model.

  • The collection emphasizes commitment and anti-sybil measures without invasive KYC, with distribution split between retroactive and proactive whitelist-only sales. Over 80,000 addresses have registered for the first installment, and no MegaETH team members will hold any NFTs.

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Farms 🧑🏻‍🌾

• Resolv Labs announced a new GHO-USR pool on Curve Finance, combining two resilient stablecoins to enhance liquidity. LPs can earn multiple rewards, including 30 Resolv Points per $1 of liquidity daily, swap fees, and liquid incentives. $GHO, Aave’s overcollateralized stablecoin, boosts liquidity through capital efficiency without reliance on centralized issuers.

• Silo Labs launched a wOS-S market on Silo Sonic, enabling up to 10x leverage on Origin Protocol’s yield-bearing wOS with an underlying APY of 22.36%. The new market offers high-yield opportunities alongside 8x Sonic Points. wOS, an autocompounding LST by Origin Protocol, is now available for users seeking optimized returns on Silo Sonic.

• YieldNest introduced Wave 2 of its Pioneer Program, rewarding users with an exclusive NFT for restaking 5 ETH, 25 BNB, or 0.15 BTC into $ynETHx, $ynBNBx, or $ynBTCk on its dApp. The program runs from February 3 to March 5, 2025, with eligibility limited to new deposits.

• Provide GHO liquidity on Spectra for stkGHO Mar 2025 PT to earn incentives from SPECTRA reward pool for up to 37% 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

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Upcoming Events and Token Unlocks