Today in DeFi - EigenLayer Distributing 15%, Sanctum Wonderland Program, mETH future steps, Earn Over 70% by Staking L2 Native Tokens, and more...

Updates 📰

• Kamino is introducing KMNO staking which will be live on April 30th 12 PM (UTC). Staking Multiplier will increase over time - up to a maximum of 300% and 3x Points Per $ of KMNO Staked.

• Reserve is showcasing USD3 Web3 Dollar, A low-risk yield-bearing USD stablecoin, backed in equal parts by Aave PayPal USD, DAI Savings Rate, Compound USDC

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Upcoming ⏳

• Frax Finance’s community raised a new proposal for variable rate bonds each with a 30 million FRAX cap and seeks authorization on Fraxlend AMO to deposit minted FRAX into specified Fraxlend pairs.

• Mantle is discussing the next phase of mETH, including a spinout of MantleLSP, Approximately 50% of the Project Gov Token supply will be allocated to the New Project Treasury (ecosystem).

• Liquity, a decentralized borrowing protocol, gives more detail about the upcoming Liquity v2 which offers stablecoin holders real yield with BOLD revenues, arbitrage opportunities, and higher yields than traditional money markets

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Airdrops 🪂

• Eigenlayer will distribute 15% of its token supply to participants. In the first season, 5% of the tokens will be distributed based on staking activities snapshot on March 15th.

• io.net has completed its snapshot for season 1 and will launch the Rewards Program for Season 2 from May 1 to May 31st. io.net workers will be eligible to receive both Ignition Program Season 2 rewards and standard network rewards.

• RealT is releasing Genesis airdrop (REG) and 500 Million REG Tokens will be distributed through 5 years. The expected first release date is May 1st

• Sanctum released Sanctum Wonderland, a unique loyalty program for users to use while putting SOL to good use. Collect at least 0.1 SOL worth of Sanctum Liquid Staking Token and you can earn its corresponding pet

• Lyra launched LDX airdrop farming. LDX is the new utility token for the Lyra Derivatives Network. The LDX snapshot will be taken on May 8th 12 am UTC.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn AAVE and participate in the Merit Program (for the last round, participants got ~90% APY)

  • Today in DeFi is supported in part by ACI

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Earn over 70% by staking L2 native tokens.