Today in DeFi - Avalanche Yeti Winding Down, zkFair Activates Fair Mode, Proposal to Unlock ONDO, Promising New Money Market with Airdrop Campaign , and more...

Updates 🆕

• Fair-launched ZK L2 zkFair activated Fair Mode. Most new projects endorsed by ZKFair in the future will be launched with a very low valuation (~$1M) and in a 100% fair launch format.

• Arbitrum-based lending protocol Domomite launches Vote-Enabled ARB (vARB). vARB allows users to use ARB as collateral for borrowing while using it to participate in Arbitrum voting.

• Lido wstETH is now live on Mantle L2.

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Hacks/Issues 👾

• Avalanche-based lending protocol Yeti Finance announces winding down the protocol. According to Yeti, problems such as decreasing TVL/revenue and unexpected events make it hard to scale and sustain the protocol long-term, and “winding down the protocol is the most responsible action to maximize the security of remaining funds.”

Upcoming ⏳

• Ondo Finance proposes to release ONDO tokens from the global lock-up. The proposal describes an unlock schedule relative to a to-be-determined date when the tokens first become transferable (the “Public Launch”)

• Aave founder considers deploying Aave on Neon (or Kava) instead of Solana since “[the cost] of deploying on an EVM compatible “L2” on top of a non-EVM L1 is much lower”

• Woo X and CCXT partner up to launch a trading competition starting Jan 1st. The competition offers 200K in prizes and is only available to users referred by CCXT OR using CCXT to trade during the trading competition period.

Airdrops 🪂

• ZKFair-based DEX Sideswap is launching its token with a 1 billion SIDE supply in a 100% fair launch approach. All SIDE tokens will be airdropped to the Sideswap community and ZKFair users.

Farms 🧑🏻‍🌾

• Lending USDC.e on Vertex perp DEX offers a good yield.

• Silo blue chip markets on Arbitrum offer good USDC rates with ARB incentives.

• Gyroscope stablecoin GYD E-CLP pools are offering boosted yields.

Promising New Money Market with Airdrop Campaign, …