Subscribe for daily free DeFi news covering launches, tradable catalysts, and actionable farming opportunities.
Week at a Glance:
- Term Finance lost $8.5M this week after an attacker bought thinly traded governance tokens for just 2 ETH
- MANTRA Chain, which halted mid-week, has since resumed block production with no funds lost.
- Ledger also disclosed (and had already patched) an Ethereum app signing bug before a third-party firm publicized it without responsible disclosure.
If you use Ledger, update your apps now — and if you hold Sui on Phantom, move your funds before September 24.
Issues⚠️
Term Finance lost $8.5M after an attacker bought thinly traded governance tokens for 2 ETH, gaining majority voting power and simply voting to send themselves the funds — no exploit, just a cheap governance takeover.
2,843 ETH and 1.68M USDC drained; USDC swapped to DAI to dodge freezing.
MANTRA Chain resumed producing blocks after fixing a vulnerability in the Cosmos-EVM module — no user funds were affected. A full post-mortem is expected in the coming days.
Multiple FOMO app users are reporting wallet drains on iOS after a recent update, with estimated damages up to $6M.
FOMO’s co-founder disputes the highest-profile $62K claim, showing on-chain data that the affected wallet had no prior app interaction.
No formal statement has been issued on the broader reports, and users are advised to verify balances directly on explorers and avoid the app until clarity emerges.
Maya Protocol was exploited for $1.7M through flaws in trade accounts and pool math, allowing an attacker to inflate a pool and extract CACAO before swapping it for BTC, ETH, RUNE, and stablecoins.
Operations are halted while the team investigates — THORChain is unaffected.
Community platforms like LeoDex and Depouch have paused Maya routes as a precaution.
An Arrakis legacy G-UNI vault (deprecated since 2021) was drained via flash-loan spot-price manipulation — attacker profit ~2.94 WETH.
Arrakis confirms current Pro vaults are unaffected; the exploited contract is deprecated and unrelated to the current architecture.
DeFi📈
Monad Foundation’s $60M program to buy locked MON from early investors ended with nearly all holders declining — seen as a bullish signal, given that the tokens would have remained locked either way. MON rose ~6-7% to $0.0217.
The Foundation separately continues open-market buybacks of up to $140M through 2026 and says it hasn’t sold any tokens.
Compound DAO approved a $52M, two-year institutional push, bringing on new leadership, including ex-Coinbase Custody CEO Aaron Schnarch, to build RWA support and traditional finance partnerships.
Pendle raised deposit caps across all PT collateral markets on its Morpho USDC vault after hitting 90%+ utilization.
Pendle refreshes $MON incentives for YT and LP on Monad, continuing to offer elevated returns. This update supports Pendle’s strategy to maintain competitiveness in the yield market across various chains.
Phantom is ending support for Sui on September 24. Funds remain safe — move to a Sui-native wallet or swap into a Phantom-supported asset (fees waived) before the deadline.
Find and execute the 15%+ stablecoin yields in minutes
Save time without checking every protocol manually. DeFi Saver’s Discover page surfaces rates across Aave, Morpho, Spark, and more, lets you simulate leverage before committing, and handles the full loop in one click. Stop leaving yield on the table.
<Discover Yields on DeFi Saver> | Today in DeFi is Supported by DeFi Saver
Wind Downs ⌛️:
ParagonsDAO is shutting down by the end of 2026. PDT holders must bond into the Final Bonding Event (Oct-Nov) for ~$0.06 per token or receive nothing. Vendor loans are due September 15; the liquidity pool will be removed in late September.
Printr is shutting down by August 31, 2026, citing a lack of sustainable capital. Staked positions are being auto-unstaked and returned starting August 18.
Harmony is rolling back its chain after a forged mint exploit — shard 0 reverts to block 92,730,034, shard 1 to 94,978,278, discarding all transactions after those points (109,126 regular txns, 315 staking txns).
Stablecoins/RWA🪙
Synthetix officially retired sUSD under SIP-423, converting holders’ sUSD into new SNX at a 4:1 ratio with a 1-year lock plus 1-year vesting. Total SNX supply grew from 344.9M to 581.4M.
Check entitlement at susd.synthetix.io — LP or L2 Safe positions may not show automatically.
Superstate’s USTB (Invesco Short Duration US Government Securities Fund, $950M AUM) is now live as collateral on Kamino.
Osero launched publicly, offering simplified stablecoin savings that auto-route deposits into Sky’s sUSDS savings rate — abstracting away multi-step DeFi flows behind a basic deposit-and-earn UI.
Solstice launches a limited-time Flares boost on strcUSX, offering 20x on JR-strcUSX and 15x on SR-strcUSX until the first dividend on August 31.
Concrete launched concUSD in partnership with M0, a dollar-denominated stablecoin serving as the common liquidity layer across Concrete’s vault ecosystem for deposits, withdrawals, and integrated lending markets.
Perps DEX📉📈
Oku Trade launches Poppie Finance, allowing users to borrow USDT against 37 tokenized stocks without selling.
DecibelTrade launches spot trading for BTC and APT, allowing users to trade both spot and perpetual contracts from a single account.
Coinbase integrates Hyperliquid perpetual futures trading into its Base App, offering access to over 290 perpetual markets including BTC and ETH.
News🗞️
Trump publicly stated CFTC Chairman Michael Selig is working to bring Hyperliquid into the US “in a fully compliant and legal fashion”
A Ledger Ethereum app signing bug was found and patched internally on August 12 (v1.22.2) — before TestMachine publicly disclosed it.
the signing bug let malicious dApps swap an approved transaction for a malicious one mid-signing, without the device screen updating.
Update apps on Nano X, S Plus, Stax, and Apex now.
Metaplanet is taking a 95.7% stake in Nasdaq-listed Super League Enterprise for $134.6M, contributing 2,100 BTC and $2.5M cash to launch a US bitcoin treasury platform renamed Superplanet (ticker SUPA). Existing SLE shareholders retain ~4.3% ownership, and Metaplanet has rights to invest an additional $210M over 24 months. The deal closes in Q4.
Venice AI surpassed $100M ARR and 4M users, with the majority of free cash flow directed toward VVV token burns rather than equity payouts.
Arthur Hayes is leading Flop Labs, building FLOP as a payment token for AI agents to purchase compute, inference, and storage — 100% fair launch with no presale or VC allocation, a major airdrop planned for Q4 2026, and network launch targeted for Q1 2027.
Kaito launched Pulse, a social layer surfacing what people are building, trading, and backing onchain — designed to bring that activity into the timeline alongside traditional posts.
Solana Mobile introduces a new $USDC Earn Vault powered by Kamino, allowing users to put idle cash to work.
For sponsorships, questions, or news tips, reach us at: support@todayindefi.com
