Solayer $LAYER Eligibility Checker, Frax Finance frxUSD Now Live, Earn High APY Rewards & Airdrop Opportunities Simultaneously, and more...
Launches 🚀
Frax Finance has introduced frxUSD, a new stablecoin that separates issuance from custody, offering minting and redemption with cash alongside on-chain yields via $sfrxUSD. Legacy $FRAX remains functional and is 1:1 upgradeable to frxUSD on Ethereum and Fraxtal.
The stablecoin will soon launch across multiple chains with automatic or custom upgrade processes.
AO has launched its mainnet, introducing a dynamic permaweb built on AO and Arweave to transform internet infrastructure.
HeyAnon launches Public Beta v0.1, enabling DeFi operations like swaps, bridging, lending, and perpetual trading. Supported protocols include Wagmi, GMX, Aave, and Spark across networks like Ethereum, Base, Arbitrum, and BNB Chain.
Swaps use aggregators for best rates, and bridging is powered by LayerZero. The platform supports WalletConnect, Agentic, and Telegram.
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.
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Updates 📰
The Ethereum Foundation transferred 50,000 ETH (worth $132 million) to its EF: DeFi Multisig wallet to engage in DeFi activities. The transaction was recorded hours ago, signaling further participation in the ecosystem.
Avalon Labs' Bitcoin-backed stablecoin, USDa, is launching on Movement, leveraging the network’s high-performance, Move-based infrastructure. Unlike traditional stablecoins backed by USD or bonds, USDa is collateralized by Bitcoin, aiming for increased resilience and security. Movement’s MoveVM offers developers enhanced speed, scalability, and formal verification, optimizing DeFi applications and supporting new BTC assets. Developers and users can explore the evolving ecosystem by joining Movement's Discord or accessing further resources.
Sonic Labs has expanded access to its $S token on Solana, with users now able to trade and bridge $S to Sonic via Stargate. Enabled by Jupiter Exchange, Meteora, LayerZero, and Phantom, the $S token operates as a LayerZero Omnichain Fungible Token (OFT), supporting cross-chain DeFi access.
Morph has introduced Morph Pay, offering up to 30% APY on assets with seamless integration into daily financial activities. The service supports secure payments through Apple Pay and Google Pay, with digital cards available soon across Europe and APAC.
Users are offered access to exclusive rewards and airdrops, integrating benefits into everyday financial activities.
Chainlink reported 17 new integrations this week across five services and 12 chains, including Celo, Corn, HashKey Chain, Ink, Mantle, Polygon zkEVM, Ronin, Scroll, Sei, Soneium, X Layer, and ZKsync.
Upcoming ⏳
Story Protocol has revealed that the ticker for its native token is $IP. Further details on its use and ecosystem developments are expected soon.
Frax Finance is set to launch on Sonic through SwapX V4, bringing the $frxUSD stablecoin and yield-bearing $sfrxUSD in collaboration with BlackRock and Superstate. Frax's tokens will be integrated into SwapX’s ve(3,3) platform, utilizing LayerZero’s OFT technology for cross-chain transfers.
Users can deposit liquidity via single-token strategies that automatically manage concentrated liquidity positions. $frxUSD offers fiat redemption backed by BlackRock's Digital Liquidity Fund and over 11% APY through $sfrxUSD
Satoshi Protocol has announced Satoshi V2, introducing the first Omni-CDP protocol powered by LayerZero, enabling cross-chain minting of satUSD across Bitcoin, EVM, and Solana. Users can deposit BTC or BTC liquid staking tokens on any source chain and mint satUSD on any destination chain. Native cross-chain transfers, low fees, and expanded multi-chain support aim to boost liquidity and yield opportunities. The protocol will launch on four Layer2 networks next week, with additional EVM integrations and an airdrop for early supporters planned. Existing V1 users are encouraged to migrate for improved cross-chain capabilities.
Zeta Markets announced the upcoming launch of its Zeta X testnet.
Airdrops 🪂
Berachain Foundation will release part two of its airdrop on February 10th, with recipients required to register their wallets by February 9th at 11:59 PM ET.
Eligible participants include top Discord users and "yappers," identified through KaitoAI and Cookie3 engagement data, as well as recipients of the RFB program. Over 200 ecosystem projects and community members received allocations, with dApps required to allocate 70% of their tokens for mainnet rewards and liquidity incentives.
Solayer Foundation has launched the Solayer Genesis Drop, introducing $LAYER as the native governance token for its hardware-accelerated SVM stack ecosystem. Token holders can participate in governance decisions shaping the project's future. Eligibility for the drop can be verified at claim.solayer.foundation.
Farms 🧑🏻🌾
RateX offers up to 18% yield on stablecoins, providing an option for users to earn returns while holding stable assets in volatile market conditions.
Provide GHO liquidity on Spectra for stkGHO Mar 2025 PT to earn incentives from SPECTRA reward pool for up to 27% APR on Ethereum. With more than $8M TVL, the pool delivers good returns with good liquidity and low impermanent loss risk.
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