Today in DeFi - Aave GHO Live on Arbitrum, Sanctum CLOUD Airdrop Coming, Bittensor Halts Network, 50% APY on GHO, and more...

Updates 📰

• Aave GHO is now live on Arbitrum utilizing Chainlink’s CCIP standard. This marks Aave DAO's first new market in its phased GHO cross-chain expansion strategy.

• Avalanche introduces Avalanche Interchain Token Transfer (ICTT), enabling efficient token transfers between L1s on Avalanche.

• Clearpool has launched Credit Vaults on Base L2, enabling institutional access to on-chain credits.

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Issues 🚨

• Bittensor developers halted the blockchain following a suspected security exploit potentially as a result of private key leakage.

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Upcoming ⏳

• Ether.fi enables pre-orders for its forthcoming Cash Card in September. Ether.fi Cash Card has four tiers and a “Genie” service for Chad and Whale card holders.

• Athena Ins, a forthcoming insurance protocol, will allow LPs to earn more rewards while cover buyers get better rates.

• Balancer opens its V3 codebase for community feedback and contributions. V3's new features include a Redesigned Vault, a Transient accounting system via EIP-1153, Re-entrant pool lifecycle hooks, etc.

• Igloo, the parent company of Pudgy Penguins, has acquired Frame and will focus on building the Abstract Chain.

• marginfi, a Solana-based lending protocol, plans to launch mrgnswap. mrgnswap will allow traders to instantly go long/short on newly created meme coins with leverage.

• Lido DAO proposes authorizing Dolphin CL, LLC to file a motion to dismiss a class-action lawsuit in the United States District Court for the Northern District of California that lists "Lido DAO, a general partnership" as a defendant.

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Airdrops 🪂

• Sanctum releases CLOUD airdrop part 1 details. 10% of the total supply will be allocated to airdrops, where 5% will be determined by Wonderland XP and 5% by real social contributions (Earnestness).

• Ether.fi Season 3 has started on July 1 and will run until Sept 14. Season 3 will launch Perks Passport, a new participation incentive framework to reward stakers for exploring the expanding Ether.fi ecosystem.

• Particle’s PTC token is live with 20,000,000 PTC allocated to genesis airdrop wallets on-chain and Bybit. PTC native staking is also live.

• Nekodex proposes an $(=ↀωↀ=) airdrop and plans to allocate 50% of the total supply to Nekodex users, and 50% to LPs on Uniswap or similar DEXs.

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Farms 🧑🏻‍🌾

• Stake your GHO on Arbitrum to earn ~68% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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>50% APY on GHO