Today in DeFi

Today in DeFi

Morpho Launching Fixed-Rate Protocol, WLFI Locking 62% Total Supply, and more...

Apr 16, 2026
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DeFi📈

  • Morpho unveiled Morpho Midnight, a new fixed-term fixed-rate lending protocol that complements rather than replaces Morpho Blue, with more details coming as audits finalize.

  • World Liberty Fi proposed replacing its original indefinite token lockup, which had no guaranteed unlock date, with locking 62B WLFI tokens for a minimum of 2 years across two groups. Insiders, including advisors, institutions, partners, founders, and team members, face a 2-year cliff with a 3-year linear vest, with a mandatory 10% burn of up to 4.5B tokens upon opt-in. Early supporters get a lighter deal with a 2-year cliff and 2-year vest with no burn and full allocation retained.

  • Bitwise launched $BAVA, an Avalanche ETF with in-house staking offering ~5.4% staking rewards.

  • Polygon launched sPOL, its native liquid staking token, designed to give stakers a share of priority transaction fees.

  • Venus Protocol sunset its isolated lending pools, with all pools now paused. User funds remain safe and withdrawals are still open, with users advised to migrate or withdraw their positions.


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Issues⚠️

  • CoW Swap suffered a DNS hijacking attack, taking its main domain offline. The protocol backend was unaffected, with a temporary UI now live at swap.cow.finance while the original domain remains locked.

    • Update: team has announced they gained full control of the cow.fi domain, and is transitioning back to the initial cow.fi domain. If you connected to cow.fi between ~13:00 and ~20:00 UTC on April 14, treat your wallet compromised and move funds to a new wallet.

  • Dango, a DeFi perps exchange, suffered a $1.9M exploit due to a bug in its insurance fund logic, but a white hat hacker returned all funds in full with no user losses. The platform is back online with the points program now live, with compensation points allocated to affected traders and liquidity providers.

  • Hyperbridge has confirmed a $237K exploit on April 13 affecting only its bridged DOT token on Ethereum, where a flaw in its proof verification code allowed an attacker to forge valid-looking proofs, gain admin control, and mint 1 billion DOT before dumping.

    • Native DOT and all other Hyperbridge assets remain unaffected, with bridging paused while fixes are implemented.

Stablecoins/RWA🪙

  • Strata launched Midas and M1 Capital’s mM1-USD tracnhes, a tokenized market-neutral fund. Senior tranche for low-risk stable exposure and a junior tranche for leveraged upside with first-loss protection for up to 7% APY.

  • Splyce Finance introduced splyceUSDC, a yield token that combines liquid DeFi yields with fixed-rate real-world asset loans at 7-10% APR, instantly redeemable with no lock-ups. Genesis Vault launching soon.

  • Ember Protocol has launched eACRED, a tokenized version of Apollo’s ACRED private credit fund backed 1:1 by underlying ACRED, now live with Pendle integrations.

Airdrops🪂

  • Jupiter distributes $200,000 in mystery rewards to users who traded on the platform in the last 12 months. Claimable now via Jupiter Mobile or Extension, rewards include tokens, ecosystem rewards, and memecoins from Solana-based sponsors

Farms 🧑🏻‍🌾

  • Kamino's Solstice Market adds USDG support with $5K weekly rewards for supply and borrow.

  • Steakhouse Finance launches reUSD markets on Morpho, including PT-reUSD-25JUN2026. Traders can now borrow against reUSD for +10% leveraged APR.

News🗞️

  • Strategy acquired 13,927 BTC for approximately $1B at ~$71,902 per bitcoin, bringing its total holdings to 780,897 BTC acquired for ~$59B.

  • Plasma is launching Plasma One in June 2026, a global stablecoin neobank app built on its Layer-1 blockchain offering zero-fee USDT transfers with a Visa card integration

  • Stable, a layer 1 focused on stablecoin payments, is launching StablePay, a global USDT payment app designed for instant everyday transfers, coming soon.


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