Today in DeFi - Aave Integrates Ethena, LayerZero Live on Solana, Cosmos Experienced Chain Halt, Earn > 50% APY on Stablecoins through Option Premiums, and more...
Updates π°
Aave has integrated Ethena on its V3 market on Ethereum. Users can now earn Ethena Sats by borrowing on Aave V3 using USDe or LSTs as collateral.
LayerZero is now live on Solana. This integration will connect Solana with over 70 other chains supported by LayerZero, enabling apps and tokens to interact across these networks.
IndexCoop introduces Leverage Suit, a simplified leverage product that allows users to trade 2x, 3x, or inverse leverage on ETH or BTC with automated liquidation protection and low fees.
Wormhole has enabled Stake for Governance for $W holders, enabling them to create, vote on, and execute governance proposals on any supported chain.
Myso Finance launched Whale Match on Arbitrum, a new convertible debt marketplace by Myso. Whale Match deposits are now open. Users can support projects by lending stablecoins through convertible debt, unlocking organic real yield opportunities for DeFi users, and providing an avenue for projects/DAOs to raise capital.
Issues π¨
Cosmos L1 experienced a chain halt on June 5 that lasted roughly 5 hours. The incident occurred slightly after the v17 software upgrade took place. The upgrade triggered a bug related to validator activities. The validators have implemented the fix and the chain resumed on June 6.
Nocturne is winding down the company after shutting down its privacy protocol. The frontend will remain open for withdrawals until the end of this month.
Upcoming β³
Instadapp proposed deploying Fluid on Arbitrum. The Aritrbim deployment will expand Fluid beyond Ethereum and enable 400k $ARB incentives for users.
Airdrops πͺ
Nillion, a computation network for high value data, launched its Coordination Layer incentivized testnet. Now in Phase 1, users can interact with Nillion Testnet using testnet NIL tokens.
Farms π§π»βπΎ
Silo USDe deposit APRs are above 20%.
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