Today in DeFi - Clearpool $CPOOL Buybacks, Binance $BFUSD offers 19.55% APY, Monad Rolls Out Testnet, USD Farm: Deposit Stablecoin to Earn High APY, and more..

Nov 19, 2024

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Monad, an Ethereum-compatible Layer 1 blockchain, has initiated its testnet rollout. Designed to enhance scalability and performance within the Ethereum ecosystem.
Lens Protocol introduces Social Legos, modular tools for onchain social innovation, enabling customizable, user-owned features for identity, connection, and discoverability.

DIA is gearing up for Lumina's mainnet launch in Q1 2025, bringing staking and slashing mechanisms to enhance the oracle network’s resilience.
In anticipation, they’re thrilled to unveil their Genesis $DIA staking program, offering early adopters up to 30% APY, ahead of the mainnet release.
- Today in DeFi is supported in part by DIA

Covalent has integrated with Unichain, an OP Stack Layer 2 platform by Uniswap Labs, to provide developers with easy access to Unichain’s onchain data.
This collaboration allows for efficient building of DeFi applications by simplifying data queries, enabling real-time insights, and providing a suite of developer tools.
- Today in DeFi is supported by Covalent
Clearpool reports a 76% revenue increase from Q2, driving $CPOOL buybacks. Revenue from Prime, Dynamic Pools, Credit Vaults, and the USDX Pool funded the buyback, with 50% of tokens burned and 50% allocated to rewards.
Morpho Labs enables $MORPHO transferability starting November 21.
Jito opens $50M cap for (Re)staking deposits via Renzo, KyrosFi, Fragmetric, and the Jito homepage, enabling users to stake easily with streamlined steps.
Kamino boosts incentives in the Jito Market by 50%, offering SOL depositors 18,000 $JTO weekly with the remaining capacity of 100,000 SOL.
Sky raises its Savings Rate to 8.5%, offering higher USDS rewards through the decentralized Sky Protocol while ensuring users retain full control of their assets.
Pendle's Penconomy expands as Term Labs adds PT-sUSDE support for fixed-rate borrowing, enabling leveraged Ethena Labs sUSDe yields with fixed spreads.

Binance is set to launch $BFUSD, a yield-bearing stablecoin usable as collateral for trading and borrowing while offering 19.55% APY.

WalletConnect announces the Season 1 WalletConnect Token (WCT) airdrop eligibility checker will be live in 8 days.
Usual launches $USUAL as the Pills Campaign ends in late November. Airdrop claims begin mid-December, with USD0++ holders earning $USUAL post-TGE. Staking will offer 10% of new $USUAL and governance benefits.
Morph launches Testnet points claiming and Zoo Season 2 on mainnet. Earn points by bridging ETH or spending gas. Use Bitget Wallet for a 1.2x multiplier. Early and quality participation increases rewards.

Deposit cbBTC and borrow USDC on Base or Ethereum mainnet to earn your share of $150,000 in incentives through the Merit Program from ACI. These incentives will be distributed over three months. For more details, click here.
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USD Farm: Deposit Stablecoin to Earn High APY

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