Today in DeFi - Curve Funding Proposal, Parcl’s Website Hacked, Grass Announced Airdrop, Short Memecoins for Airdrop Opportunities and more..

Updates 📰

• Curve has proposed allocating 21 million CRV tokens from the Community Fund to Swiss Stake AG for ecosystem development. The grant, which will be vested over a year, will slightly increase CRV inflation but aims to fund development rather than a sell-off.

• Zeroway, an interchain platform, has just rolled out the Multi Gas Refuel feature on Hyperlane, allowing users to move assets across multiple networks with a single interface.

• Tether is expanding its USDT stablecoin to the Aptos blockchain, offering users on the Aptos network the ability to transact with USDT at lower costs compared to networks like Ethereum.

• ParaSwap has launched an intent-based trading protocol to curb MEV attacks, allowing users to set trading intents, which are processed by AI agents to reduce MEV risks. This aims to enhance DeFi's user experience and efficiency.

• YieldNest, a liquid restaking protocol, is expanding its next-gen restaking solutions to Base, aiming to offer users enhanced accessibility, lower costs, and a seamless DeFi experience while ensuring security through audits and active risk mitigation.

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Issues 🚨

• Pocket Universe announced that Parcl’s official website has been hacked, draining tokens from Solana wallets and displaying fake transactions in Phantom. Their Twitter account is also compromised.

• RabbitX is experiencing latency spikes with trade and order histories. The team is awar eof the issue and is working on a fix.

• Armada has announced that their CLMM is shutting down. Users are advised to withdraw any tokens from the CLMM product.

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Upcoming ⏳

• Base is launching Basenames on August 21, 2024. They will be available through a Dutch auction over 36 hours, ensuring fair access and preventing bots from dominating the process.

• Kumo has announced that their mint event is set for August 21, 2024, starting at 14:00 UTC and lasting for 2 hours.

• Kaia's mainnet is scheduled to launch on August 29, 2024. Key preparations include disabling staking on Finschia, updating on-chain parameters, and launching new services such as Kaia Portal and Kaia Square.

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Airdrops 🪂

• Grass has announced that they are preparing for an upcoming airdrop. Users should ensure their preferred wallet is linked to their Grass account by August 23, as it will not be possible to change it until after the airdrop.

• Leap, , a Cosmos wallet, has announced that liquid staking with DropDotMoney is now live on its platform. Users can stake their $ATOM to receive $dATOM and earn staking rewards.

• Puffer Finance has announced that, as part of Chapter 4 of the Crunchy Carrot Quest, an allocation of 1% of $GS will be distributed to the Puffer community.

• DUPER has announced that their weekly reward drops are live. Users can check their homepage now to see their rewards.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~27.77% APR from AAVE and Merit Program

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Short Memecoins for Airdrop Opportunities