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..

Launches 🚀

• 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.

---

Genesis DIA Staking is Coming Soon!

• 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

---

Updates 📰

• 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.

---

Upcoming ⏳

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

---

Airdrops 🪂

• 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.

---

Farms 🧑🏻‍🌾

• 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.

  • Today in DeFi is supported by ACI

---

For sponsorships or news tips, reach us at: support@todayindefi.com

---

USD Farm: Deposit Stablecoin to Earn High APY