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Today in DeFi
Today in DeFi - Ambient Finance Domain Hijacked, Yuga Labs Launches ApeChain, Scroll Season 2 Reward Program Live, USD Farm: Over 25% APY for Providing Liquidity, and more..
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Today in DeFi - Ambient Finance Domain Hijacked, Yuga Labs Launches ApeChain, Scroll Season 2 Reward Program Live, USD Farm: Over 25% APY for Providing Liquidity, and more..

Oct 21, 2024
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Today in DeFi
Today in DeFi
Today in DeFi - Ambient Finance Domain Hijacked, Yuga Labs Launches ApeChain, Scroll Season 2 Reward Program Live, USD Farm: Over 25% APY for Providing Liquidity, and more..
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Launches πŸš€

  • Yuga Labs has launched Apechain, its own mainnet built on Arbitrum, with APE as the native gas token. Apechain is designed specifically to support NFT projects and expand the Bored Ape Yacht Club (BAYC) ecosystem. It enables seamless NFT minting, trading, and decentralized application (dApp) development, offering users an optimized experience. The network aims to provide scalability for NFT transactions, while also incentivizing content creation through APE token rewards.

  • Covalent's EWM Light Client Testnet is live, offering rewards for securing Ethereum’s historical data. Participants can earn 20-25% APY and gain early access to the mainnet. For more information regarding the EWM Light Client, visit here.Β 

    • Today in DeFi is supported in part by Covalent

  • Hop, a new DEX aggregator on the Sui network, is now live. Users can participate in the Hop.Fun Phase 1 as early adopters, positioning themselves for future rewards.


DIA’s new Rollup-Powered β€˜Lumina’ Reimagines Oracles

  • Discover Lumina, DIA’s cutting-edge new oracle stack, delivering the most trustless and verifiable data feeds in DeFi through its native β€˜Lasernet’ Ethereum Layer-2 rollup.

    The DIA utility token – the gas token of the Lasernet, captures value generated by data usage revenue and redirects it to stakers, nodes and holders, setting the foundation for an economic flywheel β€”DIA staking is on the horizon, we’ve heard.Β 

    • Today in DeFi is supported in part by DIA


Updates πŸ“°

  • BlackRock is reportedly exploring the integration of its Real World Asset (RWA) token, BUIDL, as collateral for perpetual trading on major centralized exchanges (CEXs) like Binance, OKX, and Deribit, according to Bloomberg.

  • Stripe, one of the largest online payment service providers, has acquired Bridge for $1.1 billion. Bridge, co-founded by former Coinbase employees Zach Abrams and Sean Yu, developed an API that allows companies to accept stablecoins. The company previously raised $58 million from investors, including Index Ventures and Sequoia Capital, at a valuation of $200 million, as reported by PitchBook. Stripe has emphasized that crypto remains a significant priority for its business strategy.

  • Curve pools now support cross-chain swaps via the EYWA Protocol. The new CrossCurve pools enable users to swap stablecoins, ETH, and BTC across most EVM Layer 2 (L2) networks. Users can also earn additional EYWA tokens by providing liquidity to these pools.

  • MetaMask has introduced pool staking, allowing users to stake any amount of ETH directly through the wallet to earn rewards, with the option to unstake at any time.

  • DeepBook, the swap route finder on Sui, has waived transaction fees for any swaps routed through DEX aggregators on the platform.

  • LayerZero has announced a partnership with ApeChain, becoming the interoperability provider for Yuga Labs' newly launched chain. Through integration with LayerZero's OFT standard, ApeChain now enables seamless cross-chain APE transfers, enhancing utility and scalability across multiple blockchains.

  • Camelot is now live on the ApeChain mainnet, providing critical liquidity infrastructure to the ApeChain ecosystem and linking it to the broader Arbitrum network, creating new opportunities for builders and the community.

  • Moonwell, in collaboration with Gauntlet, has introduced $50,000 in USDC rewards for users who lend and borrow USDC through Moonwell’s USDC Core Market on Base.


Issues 🚨

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  • Ambient Finance experienced a front-end and domain compromise, though the protocol's contracts and funds remained secure. The team swiftly regained control of the website and is preparing to announce a reimbursement plan for affected users. The root cause is still under investigation, with a post-mortem report forthcoming.

  • Orderly Network has denied any formal association with IBX Trade, which raised around 65,000 SOL during the presale for its memecoin ARTIC. Although Orderly Network retweeted IBX’s posts multiple times, it has distanced itself from the project after IBX transferred the majority of the raised funds, leaving investors with little to claim post-sale.


Airdrops πŸͺ‚

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  • Scroll has launched its largest rewards program to date, unveiling Season 2 of its incentive program. The revamped reward structure makes it easier for users to earn rewards by contributing to the ecosystem, such as providing DeFi liquidity and participating in key protocols. A new real-time dashboard helps users track whitelisted assets, monitor Marks progress, and explore opportunities for additional rewards.

  • The Wandering Bera quest is live on the bArtio Testnet. In collaboration with KodiaFi, Dolomite, Honey Jar, Binance, and Bitget, Bedrock has launched an incentive program offering a total of 2,000,000 Diamonds, as well as Diamond Paw badges and other rewards for users who interact with these protocols on the testnet.


Farms πŸ§‘πŸ»β€πŸŒΎ

  • Stake your GHO to earn ~16% APR from AAVE and Merit Program

    • Today in DeFi is supported in part by ACI



For sponsorships or news tips, reach us at: support@todayindefi.com


USD Farm: Over 25% APY for Providing Liquidity

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