Today in DeFi - Coinbase Launch cbBTC, Vaults to Go Live on Pencil, Treasure Mulling Launching on ZKsync, Try Private, MEV-free Trading on Arbitrum, and more..

Launches 🚀

• cbBTC just went onchain. With the BTC wrapped by Coinbase on Base, millions of BTC holders can now securely access DeFi apps. Major protocols on Base such as Aerodrome, Curve, Aave, Compound, Morpho, Moonwell, etc., now have cbBTC markets available. You can also claim your launch NFT here.

• Swift, one of the biggest financial payment networks, launched the system to simplify tokenized asset transaction. Swift is further upgrading its system to support real-time transfers of tokenized assets, linking blockchains, CBDCs, and fiat currencies for smooth global transactions.

• Edge Oracle by Chaos Lab is now live and has secured over $30B in transaction volume as Jupiter Exchange’s primary oracle, powering more than >60% of all Solana’s perp volume over the past two months.

• Silo is now live on Base. Silo, a risk-isolated lending market that aims to eliminates contagion risk, maximize capital efficiency, and allows modular lending parameters by design, now supports siloed lending/borrowing and leveraging on Base for ETH, USDC, wstETH, cbETH, bsdETH, weETH, ezETH, DEGEN, AERO, tBTC.

• EigenDA demonstrated the new feature which is able to process and post all raw block data from 15+ chains simultaneously at 15+ MB/s for each chain. It means the minimum node bandwidth requirement for participating as EigenDA validators is lower down to 0.5 MB/s while other chains normally requires +100MB/s.

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• DIA launches 'Lumina' – a brand-new trustless oracle network. Its modular, rollup-based design enables the verifiable sourcing and delivery of any data to any blockchain. Fully decentralized and permissionless.

  • Today in DeFi is supported in part by DIA

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Updates 📰

• Treasure, the decentralized game console, is considering launching on ZKsync Elastic Chain as a L2 instead of on Arbitrum Orbit. The proposal is live now under discussion and will be voted soon. Join the developers AMA on today 11AM EST at the discord channel to learn more.

• Squid introduced 2.0 with more intelligent routing, faster transaction speed, and less slippage. Squid says the API response time is down from 5s to 500ms, and the bridge also supports more 1:1 stablecoin and RWA transfers now.

• Spectra onboarded Usual Boosted USDC PT/YT. Previously you can deposit Morpho to the Usual Boosted USDC Vault and earn variable APY from Usual. Now you can utilize your capital more flexibly to hold PT more guaranteed yield or YT for point farming.

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Upcoming ⏳

• Pencil Protocol is launching the new feature, Vaults, on Sep 17 to boost the governance token DAPP’s utility by offering staking rewards, exclusive features, and more with a deflationary mechanism burning 30% of revenue.

• Bitcoin L1 bridge Beyond is coming live. Powered by LayerZero, Beyond connects Bitcoin L1 to 80+ chains and enables users to move assets to/from Bitcoin L1 to chains like Solana, Base, and Arbitrum via LayerZero's OFT Standard.

• Tea Protocol mainnet is coming. tea Protocol on Base is a decentralized technology framework secured by reputation and incentives that enables open-source developers & maintainers to be rewarded for their software contributions.

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Airdrops 🪂

• Series 4 of The Road to Sonic is now live on Galxe. You can earn Shard for future airdrop by interacting with protocols on Sonic.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~19% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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Try Private, MEV-free Trading on Arbitrum