Solv Protocol Addresses Claims of SolvBTC Insolvency, Uniswap Wallet Launches Permissionless Bridging, Earn high APY Across Chains with Your Stablecoin, and more...

Launches 🚀

• Astrol launches Epoch 1 with increased pool caps, kicking off two days of major updates and releases. Users can now start lending and borrowing.

• f(x) Protocol launches v2.0, introducing fixed, zero-stress leverage trading on ETH with no funding fees or liquidations. Stability Pool users can earn triple yields through trading fees, ETH staking rewards, and FXN emissions. Initially, only xstETH and xfrxETH holders from V1 can migrate and open positions, with broader access after 80% migration. Leverage begins at 7X during the bootstrap phase, increasing to 10X upon stabilization. Thoroughly audited, f(x) v2.0 delivers a safer, smarter trading experience.

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

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• Perennial introduces the Petals Lottery, offering weekly rewards of up to 100k Petals. Traders with varying levels of volume can participate across three tiers: The Grand Florist for those with $500k+ in weekly volume, The Petal Gatherer for traders with $10k–$500k in volume, and The Social Butterfly for those who share their trading PnL on X and tag @perenniallabs. Progress can be tracked through the Rewards page.

  • Today in DeFi is supported by Perennial Finance.

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Issues

• Solv Protocol co-founder Ryan Chow addresses accusations from Nubit co-founder Hans, clarifying the recent Bitcoin LST updates. He explains that the updates are for SolvBTC.CORE, not Babylon, due to routine staking cycles. Chow denies claims about TVL discrepancies, stating Solv Protocol’s TVL is accurately based on underlying BTC and wrapped BTC backing SolvBTC and its LSTs. He alleges a coordinated smear campaign against Solv and vows to defend the protocol’s integrity.

• Solv Protocol and Babylon Labs have regained control of their Twitter accounts after brief compromises earlier today. Both teams worked to address the incidents promptly, removing any unauthorized content and implementing additional security measures to prevent future issues. Users are advised to verify token addresses and links from official sources.

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Updates 📰

• Quai Network’s Golden Age Testnet concludes with final week challenges offering up to 150 testnet $QUAI. Complete tasks like claiming a name on QNS, swapping on IcecreamSwap, and minting a Quai Club Membership NFT. Submit entries by January 7, 2025, using #QuaiGoldenAge and your QUAI Pelagus Wallet Address to earn rewards.

• Uniswap Wallet introduces permissionless bridging, making cross-chain swaps as simple as regular swaps. Enjoy fast, cheap, and seamless bridging across chains.

• Meteora announces the opening of the Sonic Alpha Vault tomorrow, providing early access to the $SONIC launch for eligible wallets. Active LPs on Meteora may qualify for the $SONIC allowlist.

• RedStone Oracles integrate with Sonic Labs, bringing modular oracle solutions to the EVM L1 blockchain designed for DeFi innovation and powerful incentives.

• Tevaera launches Community Governance, allowing $TEVA holders to delegate votes and participate in decision-making. Each 1 TEVA equals 1 vote (wallet holdings only). Bonus claim Tevans are being airdropped 1 TEVA (~95% complete). Delegate now to secure full voting power for upcoming proposals.

• Frax Finance approves FIP-420 and FIP-421, integrating Superstate’s USCC and USTB to back frxUSD. This upgrade optimizes yields with crypto basis trades during bull markets and rebalances into T-Bills for risk-free onchain yield during lower yield periods. The combined backing of USCC and USTB enhances staked frxUSD ($sfrxUSD) to deliver the highest risk-adjusted savings yield in DeFi.

• Spectra launches its bridge, now live in the app, enabling seamless movement of SPECTRA between networks.

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Upcoming ⏳

• Story Protocol teases major updates coming next week, including advancements in AI, Yap, and IP updates

• Supra L1 introduces native oracles and randomness, with plans to add native bridges, automation, multiple VMs, and Supra Containers by next year. These advancements aim to transform blockchain technology.

• Corn announces its upcoming ICO 2.0, marking a return to the token offering stage. Note: Not available for US or UK persons.

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Airdrops 🪂

• Xterio grants 2% $XTER tokens at TGE to Age of Dino, with at least 8% AoD tokens unlocked for NFT holders and players. Another 2% grant for a new project will be announced before February 8th.

• Aevo reminds eligible users to submit their Sui address for the $BLUE airdrop before the February 1, 2025 deadline. After this date, tokens will no longer be claimable.

• Caldera unveils the final three quests of Caldera Wrapped 2024, celebrating achievements from Zero Network, Kinto, and HyChain Games. Available for 24 hours only.

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Farms 🧑🏻‍🌾

• Deposit cbBTC and borrow USDC on Base or Ethereum mainnet to earn your share of $150,000 in incentives through the Merit Program from ACI. These incentives will be distributed over three months. For more details, click here.

  • Today in DeFi is supported by ACI

• Solayer announces sUSD incentives on MarginFi, offering up to $6,000 in rewards for lending or borrowing sUSD.

• Usual's Boyco Pre-Deposit Usual Bera Vault surpasses $15M TVL within 24 hours, offering 37% APY plus incentives from Berachain, Kodiak, Dolomite, and Veda.

• SyncSwap joins ZKsync Ignite, launching January 6, with $63M in $ZK rewards to boost liquidity on ZKsync. In Round 1, over 1M $ZK will be distributed to SyncSwap liquidity providers across eligible pools like ETH/ZK, ETH/USDC.e, and Stable pools. Earn swap fees and $ZK rewards with set-and-forget v2 pools or customizable v3 pools, featuring sustainable double- and triple-digit APRs. Deposit directly into pools to start earning—no staking, fees, or locks required.

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Earn high APY Across Chains with Your Stablecoin