Today in DeFi - Base Launches Basenames, Seif Wallet Private Keys Exposed, ZKFest’s DeFi stage Live, Earn ZK Token Airdrop by Completing Tasks on Testnet, and more..

Launches 🚀

• Base announced the launch of Basenames, allowing users to claim unique base.eth usernames for onchain identity. The Basenames are being sold via a Dutch auction to ensure fair access.

• Gravity, a Layer 1 blockchain, has launched its Alpha Mainnet. The platform aims to enhance cross-chain interactions with features like fully onchain questing, smart savings, and its native gas token, G Token.

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Updates 📰

• Arbitrum is holding a vote on the introduction of ARB staking to increase utility and governance. The proposal includes creating a liquid staked ARB token (stARB) for DeFi and restaking purposes and forming working groups to address reward funding and delegate incentives. Voting begins on August 23.

• Stargate DAO is proposing changes to its staking system to replace the current ve-tokenomics model. The proposed changes include removing the existing lock feature, introducing a 21-day unbonding period, and distributing Treasury tokens to previous lockers in stages.

• Superbridge has rolled out themed bridges for specific tokens. New additions include dedicated bridges for $ezETH and $USDC, using Hyperlane’s warp routes and Circle’s CCTP for fee-free transfers.

• Dumpy.fun, a platform for leveraging and shorting memecoins, has entered open beta. The update features increased leverage options, a broader range of assets, and the removal of password requirements.

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Issues 🚨

• Seif Wallet has issued an urgent security alert due to a critical breach affecting versions v1.1.0 to v1.1.5, where private keys were exposed. Users are advised to update to v1.1.7, check if they're affected, and if so, transfer assets to a secure wallet immediately.

• AshPerp, a decentralized perpetual trading protocol on MultiversX, experienced a rare oracle configuration error on August 19, 2024, resulting in a $26,000 loss for vault liquidity providers (LPs).

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Upcoming ⏳

• Rocket Pool is conducting a vote on RPIP-49, a proposal to revise tokenomics to improve growth and capital efficiency. The proposal includes several RPIPs related to bond curves, megapools, and protocol upgrades.

• Corn, a new Ethereum Layer 2 network, uses Bitcoin as its gas token through the hybrid BTCN token. The network is designed to align users, apps, and token holders while providing yield opportunities.

• Starknet is initiating its first Mainnet vote for STRK holders regarding the introduction of staking. The vote will address the minting mechanism and its adjustment parameters. The test vote is scheduled for September 2-4, 2024, with the main voting period from September 9-13, 2024.

• Clearpool is introducing Ozean, an Ethereum Layer 2 network based on the OP Stack, on August 20. Ozean aims to support real-world asset (RWA) yield protocols and includes an optional compliance layer and a decentralized identity system for KYC purposes.

• Babylon is set to launch Bitcoin staking mainnet Phase-1 in 2 days.

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Airdrops 🪂

• ZKsync has launched the DeFi stage of ZKFest, running from August 19-30. Participants can connect to ZKsync Era, take part in various activities, and earn rewards.

• Kelp DAO announced that $agETH is now live on Pendle, offering rewards and airdrop access. The pool provides exposure to multiple L2 networks and restaking platforms.

• Zerion announced its Points Drop campaign with The Dapp List. Users can earn points by holding Zerion NFTs, supporting Zerion on The Dapp List, or sharing on social media.

• Spark announced a campaign offering rewards for ETH borrowers on SparkLend, with a share of a 225 wstETH pool. The campaign ends on October 21, 2024.

• Kamino Foundation announced that Season 2 distribution is now available for claim. Eligible participants can claim their tokens through the provided link. The claim period will remain open for six months.

• Sonic Labs announced the Sonic Gems and Sonic Boom bounty programs. The Sonic Boom program rewards projects with Gems for app development across various categories. An airdrop of $S is allocated to Gems holders.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~28.48% APR from AAVE and Merit Program

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Earn $ZK by Completing Tasks on Testnet