Today in DeFi - Call for Cosmos Chain Split, Timeswap Premine on Polygon zkEVM, JITO Token and Airdrop, Yield Boosted LPing, and more...

Updates 🆕

• Call for Cosmos Chain Split
  In response to a recently passed proposal that reduces ATOM inflation, Cosmos founder Jae Kwon called for a chain split and referred to the hard fork as AtomOne. The forked chain would support the ATOM token along with the native ATOM1.

• Voting: SSV Permissionless Upgrade
  SSV Network governance is voting to transition the SSV mainnet into a permissionless network by removing the current limitation that only restricts the onboarding of validators and operators to mainnet launch partners.

• Gravita Supports weETH
  Gavita now accepts weETH from Ether.fi as collateral for minting GRAI. With weETH support, users earn the same high yield on their LST while holding GRAI, which can be used to leverage positions, provide liquidity, or deposit in the Stability Pool.

Upcoming ⏳

• Magic Eden Wallet
  Magic Eden introduces its cross-chain Wallet. The wallet will combine wallet and marketplace, offer a credit card option to buy crypto and allow cross-chain swaps. The wallet is in beta testing with the full release coming in Q1 2024.

Airdrops

• TIME Premine on Polygon zkEVM
  Timeswap launches the TIME Premine program on Polygon zkEVM. The program introduces additional incentives in the form of TIME tokens for lending/borrowing and adding liquidity. The pre-mined TIME tokens will be redeemable 1:1 during TGE (happening Q1, 2024).

• JITO Token & Airdrop
  Solana-based liquid staking protocol Jito introduces JITO token. 10% of total JITO tokens will be airdropped to the Community based on JitoSOL Points. The airdrop Snapshot was taken on Nov 25th, users can check their eligibility on Jito website.

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Yield Boosted LPing, …