Today in DeFi - Elixir Launches deUSD, Ondo USDY Live on Aptos, Terra Chain Exploited for $5M, Potential Airdrop Opportunities by Using Squid Applications, and more...

Launches 🚀

• Elixir, a modular blockchain project focused on providing liquidity for decentralized orderbook exchanges, has rolled out its synthetic dollar ‘deUSD’ to challenge Ethena’s USDe.

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Updates 📰

• Ondo’s yield-bearing stablecoin USDY is now live on Aptos. USDY is the first tokenized US Treasuries asset on Aptos, and leverage it across various DeFi applications.

• Swell has enabled rswETH withdrawals. Users can now unstake rswETH at the primary market rate through the Swell app.

• Aave has approved and executed the proposal to decrease stablecoin Interest Rate parameters across all Aave deployments.

• DeFi Saver now supports Aave V3 Lido instance, a new Aave market collaboration with Lido to provide the best conditions for using wstETH with ETH as the only borrow asset at launch.

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Issues 🚨

• Terra Chain experienced a security breach that resulted in a loss of over $5 million in assets, including ASTRO, USDC, USDT and BTC, due to a re-entrancy vulnerability in the timeout callback of ibc-hooks. Terra halted the chain and later resumed block production with the emergency chain upgrade completed.

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Upcoming ⏳

• Merchant Moe introduces a MOE Tokenomics v1.5. The tokenomics revamp includes $MOE emissions reduction, optimizing emissions with select V1 Farm closures, increasing protocol fee on key revenue generating LPs, and $MOE buybacks to replace $mETH buybacks.

• Treasure DAO proposes to reallocate Bridgeworld emissions to support Treasure mainnet staking through EigenLayer and EigenDA, with brief description of plans for Bridgeworld v2.

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Airdrops 🪂

• Zeta Chain introduces Fuel, a dynamic rewards system that gives active XP users instant access to ZETA drips. In this pilot launch of Fuel, up to 1,000 ZETA will be added to the tank per refill and users can start claiming Fuel.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~19.74% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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Potential Airdrop Opportunities by Using Squid Applications