Today in DeFi - Coinbase Suspending wBTC Trading, Sky Ecosystem Launches USDS on Solana, $ME Tokenomics Released, USD Farm: Leverage Lending Your Stablecoin for Up to 50% APR, and more..
Launches π
Sky Ecosystem announced the launch of USDS on Solana, marking it as the first major DeFi-native stablecoin on the network. This integration unlocks new opportunities for lending, borrowing, and trading across top DeFi platforms on Solana. Early adopters can access weekly rewards, with governance-approved rewards for liquidity providers and suppliers on platforms like Kamino Finance and Drift Protocol.
ORA Foundation has introduced $ORA, a token designed to advance blockchain intelligence through decentralized AI. With a total supply of 333,333,333, $ORA will power Ethereum's intelligence, from nodes to governance, and aims to shape the future of decentralized AI and blockchain. The token's launch value is set at $333,333,333.
Henez Finance announced the launch of the $HEZ Token Sale on FjordFoundry, introducing the first Chain Abstraction Layer for DeFi. The sale features a fixed-price model with a fair FDV (Fully Diluted Value) launch, and 80% of the tokens are community-owned. Interested participants can join through the provided link.
Usual's $USUAL token is now live on Binance Pre-Market. It is designed to be revenue-based and disinflationary, with its supply growing scarcer as total value locked (TVL) increases. The token also grants holders ownership in Usual's governance and treasury, positioning it as more than just a typical token.
Mezo Network has launched matsnet Alpha, a new platform that transforms community engagement by bridging Mezo's "mats" directly to a Bitcoin testnet. Users can earn mats through activities like meme creation, Discord participation, or deposits. These mats can be converted into matsnet BTC, which can be used for stacking sats, gas, and exploring the Mezo ecosystem. This integration allows community contributions to become tradable assets with tangible utility.
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 networkβs resilience.
In anticipation, theyβre 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 π°
$ME tokenomics reveal a 1 billion supply distributed over four years, with 12.5% available at TGE for eligible users across Bitcoin, Solana, and EVM ecosystems. The allocation prioritizes community rewards (37.7%), contributors (26.2%), and strategic participants (23.6%), with long-term locks for most. The ME Foundation, supported by a Security Council, will steward the ecosystem, ensuring safety and growth. Eligibility checks and claims begin before TGE.
Covalent has integrated with Unichain, an OP Stack Layer 2 platform by Uniswap Labs, to provide developers with easy access to Unichainβs 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
Elixirβs new βdeUSD RWA Institutional Program,β launched in partnership with Securitize, enables holders of tokenized real-world assets (RWAs) like Blackrockβs BUIDL to access DeFi via deUSD, backed by $110M+ on-chain liquidity. The program ensures isolated yield exposure and 1:1 redemption for USDC without altering deUSDβs risk profile.
Clearpool's Ozean has partnered with Nexade, an RWA protocol under Incomlend, to bring SME invoice financing on-chain. Backed by Peak XV Partners, Nexade will integrate with Ozean to enable up to $100 million in invoice financing opportunities, revolutionizing SME access to capital within the RWA sector.
MetaMask has launched Extension v12.6, introducing two major features: token swaps without needing ETH for gas, enabled by the MetaMask Gas Station, and the ability to sign transactions across permitted networks without manual network switching, thanks to Chain Permission controls. These updates enhance usability, security, and user convenience.
Uniswap Wallet now supports in-app bridging, enabling users to move native assets and stablecoins across 8+ networks quickly and permissionlessly.
Issues π¨
Coinbase announced it will suspend trading for Wrapped Bitcoin (wBTC) on December 19, 2024, at approximately 12 PM ET. The suspension affects Coinbase.com (Simple and Advanced Trade), Coinbase Exchange, and Coinbase Prime. Users will retain access to their wBTC holdings and can withdraw funds anytime. wBTC order books are now in limit-only mode.
Airdrops πͺ
Zerion introduced Zerion Rewards, enabling 10M wallets to earn XP for on-chain activities. Users can claim XP by importing their wallets and engaging in tasks like swaps, bridges, TVL maintenance on ZERO Network, completing daily quests, gas spending on 13 chains, and referrals. This program follows the ZERO Network's mainnet launch and integrates ecosystem dApps.
Farms π§π»βπΎ
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: Leverage Lending Your Stablecoin for Up to 50% APR
Keep reading with a 7-day free trial
Subscribe to Today in DeFi to keep reading this post and get 7 days of free access to the full post archives.