Today in DeFi - Dymension Mainnet Live, Axelar Interchain Token Service, IndexCoop V2, Cross-Chain Lending Protocol with Airdrop Potential, and more...
Launches 🚀
Dymension, a “RollApps” L1 blockchain launches its mainnet. Dymension allows developers to deploy app chains and uses Cosmos tech and the IBC to connect with other chains.
Synonym Finance, a cross-chain lending platform powered by Wormhole and Circle CCTP, launched on mainnet with SYNO incentives live.
Restake Finance, a modular liquid restaking protocol, is live on EigenLayer with 3 days of boosted RSTK rewards.
Plume Network, a modular RWA L2, is now live on Arbitrum Orbit, leveraging the Arbitrum Nitro tech stack.
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Updates 📰
Axelar launched Interchain Token Service (ITS) and registers Interchain Tokens on Axelar mainnet. Interchain tokens have native-like fungibility + customizable ERC-20 functionality.
RabbitX, in partnership with Elixir Protocol, introduces Fusion AMM (fAMM). fAMM uses automated strategies to manage LP capital, enabling passive staking and earning for users.
Clearpool launched lending on Mantle L2 with a 250K MNT grant from Mantle Treasury to bootstrap lending liquidity.
Upcoming ⏳
IndexCoop will launch V2 this year, along with new features such as Self-Serve Token Builder, New suite of leverage & inverse tokens on L2, More composite products, etc.
Tranchess will launch V3 with Turbo Yield ETH (turYETH), a new product that allows users to boost yield on their LSTs.
Asymmetry, a liquid staking protocol, will launch its flagship product afETH on Feb 20. afETH is a hybrid LST composed of 70% Frax's sfrxETH and 30% Convex’s vlCVX that allows LST holders to supercharge their yield to 11+%.
Airdrops 🪂
2 million Dirft Trader Points will be distributed this week.
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Cross-Chain Lending Protocol with Airdrop Potential, …
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