Today in DeFi - Babylon Mainnet Launched, Astar Join Sony’s Soneium L2, Orderly Network Campaign, Claim Your Free Basename, and more..

Launches 🚀

• Babylon has launched its Bitcoin Staking Protocol, enabling self-custodial staking of Bitcoin while retaining full custody. Users can stake directly on any PoS system without losing control.

• $ME, a cross-chain token, will support the dApps ecosystem by facilitating seamless trading of fungibles and NFTs across chains through MagicEden.

• Viction, a people-centric blockchain, has announced the launch of its DA Network mainnet, a significant step in scalable and secure data management for the Viction ecosystem.

• Diva Operator Testnet's final version is now available on Holesky. The Beta release features telemetry improvements, Synapse SDK integration, enhanced validator creation, and updates to the consensus algorithm.

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Updates 📰

• Astar Network has started Phase 1 of its evolution by transitioning to Soneium L2, an Ethereum Layer 2 developed by Sony Block Solutions Labs. This change aims to enhance ASTR token utility and broaden Web3 integration.

• Grayscale has introduced the Grayscale Avalanche Trust ($AVAX), a new single-asset crypto investment fund available through private placement for eligible accredited investors. Additionally, Franklin Templeton is expanding its tokenized money market fund, FOBXX, to Avalanche.

• Tanssi, an appchain infrastructure protocol, has expanded to Ethereum in partnership with Symbioticfi, enabling the rapid launch of decentralized networks (AVSs) with customizable environments.

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Upcoming ⏳

• Gearbox has proposed the implementation of a fundamental oracle for stETH and wstETH across all its deployments. This initiative aims to ensure accurate and stable valuation of these assets by employing an oracle system that reflects their underlying ETH value.

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Airdrops 🪂

• Orderly Network has surpassed 1 million messages with LayerZero Labs and received a $ZRO grant. Users can participate in The Big O Campaign to share 50,000 $ZRO by completing quests.

• Bedrock has launched the Merlin Mega Campaign, where users can mint, swap, and restake $uniBTC on the Merlin Network to earn points and rewards.

• Origami Finance has announced early access to deposit stables and bond USD0 for USD0++. Depositing USD0++ into the lovStables vault on Origami will start earning rewards.

• Four.Meme announced pre-airdrops for active Pump.fun and BNB Chain users during Points Summer Season 1. Eligible users can claim Four.Meme Points, an Airdrop Collection NFT, and multiple BSC Meme Token from August 21 to September 20, 2024.

• dYdX has announced Season 6 of the Launch Incentives Program, offering a $5 million incentive pool for traders based on dYdX Chain activity. The program includes bonuses for stakers, points multipliers for diverse trading activities, and rewards for market makers, with the season ending between August 18-28, 2024.

• Stride announced ten days left to insta-claim the stTIA airdrop. Users can choose to receive STRD from August to December or forfeit 30% for an immediate claim. The insta-claim window closes after August 31.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~28.10% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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