Strata Launches NUSD Tranching, Aave Labs Proposal Controversy, Ondo Equities Live on Morpho

Feb 13, 2026

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DeFi📈

Strata Money launched Neutrl’s srNUSD and jrNUSD, splitting sNUSD’s market-neutral yield into senior (srNUSD) for 7% APY and junior (jrNUSD) tranches for 11% APY.
Aave Labs proposed to route 100% of product revenue to the DAO, ratify V4 as the long-term architecture, transfer trademarks to a DAO-controlled Foundation, and approve up to ~$50M in funding, including 75,000 AAVE.
- Supporters say it strengthens DAO alignment and token value capture.
- Critics argue it packages multiple major decisions into one vote, contains revenue and transparency ambiguities, may prematurely limit V3 development, and could shift governance power through the AAVE allocation.

Meteora launched permissionless DAMM v2 Farm Pools, allowing LPs to earn token incentives on top of trading fees and enabling anyone to create and fund farm rewards directly
Flare Networks launches SparkDEX V4 with enhanced swap, liquidity, and farming features, completing the first phase of LP rewards migration.
Frax Finance launches frxUSD on EtherFi, offering a Treasury-backed stablecoin with a global DeFi-native credit card for worldwide spending.
Katana launched a Telegram Yield Bot that allows users to automatically deploy ETH into yield strategies across Yearn, Morpho, and Sushi directly through the messaging platform.

Stablecoins/RWA🪙

Ondo Finance launched tokenized stocks (SPYon and QQQon) as collateral on Morpho
Bluefin integrates Sui Dollar vault for Sui’s native stablecoin, providing institution-grade yield with $10M initial liquidity and $25M capacity.
RAAC launched the pmUSD(a gold-backed stablecoin) / srRoyUSDC market on Morpho, enabling pmUSD holders to earn around 7.5% lending APY, while srRoyUSDC can be used as collateral to unlock pmUSD liquidity.

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Earn up to ~25% leveraged ETH APY effortlessly on DeFi Saver, with positions across Aave, Spark, Maker, and Morpho tracked in one interface. As Summer.fi Pro winds down on Feb 12, 2026, users can instantly monitor and manage existing Summer.fi positions on DFS using Discover filters and clearer APY metrics.

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Perps DEX📉📈

Decibel, an Aptos-incubated perps DEX, is launching a dollar-backed stablecoin (USDCBL) that will serve as collateral for on-chain perpetual contracts, with protocol-retained yield from cash and Treasury reserves.
Bullet, a perp's DEX on Solana, launches mainnet, claiming to process up to 30,000 orders per second with sub-1ms latency. Early access requires an invite code, with phased onboarding and a $1,000 USDC deposit cap.

Airdrops🪂

Superposition opened the Espresso $ESP airdrop claim, enabling registered users to claim and stake their allocations through a dedicated platform.
Jito is offering 4,650 JTO in weekly incentives for hy-USD-USDC LP depositors, with an additional 8x points multiplier through Hylo.
Cap Money‘s Homestead Points Program is offering doubled rewards for the next two weeks, with varying multipliers for holding different tokens on Pendle and lending on Morpho.

Farms 🧑🏻‍🌾

Kamino Liquidity’s hyUSD-USDC pool is currently the highest-yielding stable pair on the platform, offering 14.45% APY plus 4,650 JTO in weekly incentives and an 8x Hylo points
Spectra Finance launches MetaVaults, offering automated pool-expiry management and yield optimization for liquidity providers.
Liquity Protocol is distributing 20,000 $BOLD tokens as weekly rewards, boosting LP returns on platforms like Ekubo, Curve, and Uniswap.
Neutrl Fi kicked off Season 1 around NUSD, a yield-bearing stablecoin that earns by delta-hedging acquired OTC discount altcoins, while TVL grew by $212M in the past 60 days from launch.
Top farming strategies include:
- Points focused: Pendle YT-NUSD (50x points) and YT-sNUSD (25x points)
- Yield focused: Loop the new PT sNUSD Morpho market for up to ~20% yield, depending on rates and leverage.

<Farm Neutrl Points on Pendle> | Today in DeFi is Supported by Neutrl.fi

News🗞️

ETHZilla launched a new token backed by jet engine lease payments, offering investors direct exposure to aviation industry revenue streams through tokenization.
OKX Ventures is backing a novel RWA stablecoin with Securitize and Hamilton Lane, using a dual-token structure to circumvent US restrictions on yield-bearing stablecoins.
CFTC Chair Selig appointed a 35-person innovation advisory panel featuring crypto industry experts to help shape regulatory oversight of emerging technologies like blockchain and AI.

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Farm 17% APR with Superform v2 Vaults

Abstract

The Flagship USDC SuperVault is the flagship product from Superform’s V2 launch. It aims to solve a common DeFi headache: choosing between flexible, low-yield lending pools and high-yield, locked investments. By automating this choice, it offers a balanced approach to earning on stablecoins.

While the vault generates real returns from market activity, the current high APR at ~17% is heavily boosted by the ongoing SuperRewards program. The organic yield is solid, but the headline numbers are temporarily “supercharged” by $UP token incentives and SuperFrens points designed to reward early adopters.

How It Works: The “Dual-Leg” Strategy

Most vaults dump your money into a single protocol. Superform takes a smarter approach by splitting your deposit into two distinct “legs” to balance access with performance.

Leg A: Liquidity (The Flexible Side) The vault keeps a portion of funds in “Blue-Chip” lending markets like Morpho, Aave, or Fluid. This ensures there is always liquid cash available so you can withdraw whenever you want without friction.
Leg B: Performance (The Yield Booster) The vault deploys the rest of the capital into Pendle Principal Tokens (PTs). These are fixed-rate assets purchased at a discount. By holding them until they mature, the vault captures a fixed yield that is typically much higher than standard lending rates.

The Automation: The vault constantly monitors the market. If fixed rates offer a massive premium, it allocates more to Leg B. If you need your money back, it pulls from Leg A. It handles all the complex rebalancing automatically, so you don’t have to manage positions yourself.

The “Triple Stack” Reward System

The reason the APY looks so attractive right now is that you are essentially earning three different types of yield at the same time:

Base Yield: The actual interest paid by borrowers and the appreciation of the Pendle assets.
$UP Tokens: As part of the V2 launch, Superform is distributing its governance token, $UP, to vault depositors. This is a significant subsidy on top of the base rate.
1. The $UP token will be distributed at TGE with no vesting. The current reward APR is calculated based on the valuation of the latest round of fundraising at $90M FDV.
SuperFrens Points: Flagship vaults currently offer the highest multipliers for “SuperFrens” points.

Step-by-Step Guide

What you need:

USDC (on almost any chain).
ETH (for gas).

How to deposit:

Head to the App: Go to the Superform V2 Dashboard.
Find the Vault: Go to the “Explore” tab and look for “SuperUSDC” with the “Flagship” tag.
Deposit from Anywhere: Click deposit. Here is the best part: you don’t need to be on Ethereum Mainnet. You can use USDC on Base, Arbitrum, or Optimism.
- Why do this? It saves you money. Superform’s “SuperRouter” handles the bridging in the background. You pay cheap Layer-2 gas fees, but your money lands in the high-yield Mainnet strategy.
Once the transaction confirms, you will receive SuperPositions (your receipt tokens). You can track your yield, points, and rewards directly on the dashboard.

Risk Warnings

Even though this is marketed as an “institutional-grade” product backed by big names, it is still DeFi, and you should understand the risks:

Smart Contract Risk: The vault relies on code from Superform, Morpho, Pendle, and Aave. If any one of those protocols has a bug, your funds could be at risk.
Liquidity Delays: The “Dual-Leg” system works well in normal conditions. However, if the market crashes and everyone tries to withdraw at once, the lending pools could run out of cash. You might have to wait for the fixed-term assets to mature before you can fully exit.
Incentive Drop-off: Remember that the current APY is high because of the $UP rewards. Once those incentives run out or dilute, the rate will drop back down to the “real” market rate.
Depeg Risk: The entire strategy holds different stablecoins. If they lose the $1.00 peg, the value of your deposit drops with it.

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