Today in DeFi - Ethena Website Compromised with Funds Unharmed, Aleo Mainnet Live, Celestia Introduce Lemongrass Upgrade, Phantom Give Out Username to OGs, and more

Launches 🚀

• Aleo mainnet is live now. A novel L1 blockchain designed to address the growing need for privacy and security in dApps, Aleo leverages Zero Knowledge Cryptography to deliver the privacy-preserving, permissionless, and programmable value proposition. There are more than 350 teams actively building on the platform.

• Everclear, the first layer dedicated to cross-chain clearing, is now live. The tasks of Everclear is to coordinate the global settlement of liquidity between chains and significantly lower the the transaction, rebalance, and custody costs of bridges, dApps, and exchanges. According to Everclear, 80% of daily cross chain capital flows are nettable within 24 hours.

• Light Protocol rolls out the major feature of ZK Compression on Solana today. Zk Compression helps developers save 1000x cost while using ZK on Solana, setting the foundation for ZK compute on Solana and providing developers with the solution to state growth with ZK.

• Pencil Protocol’s DAPP token public sale is now live on Tokensoft. There are now three purchase options available each with different prices, amounts, and vesting periods . An Identity Verification is also required to finish the purchase.

• Mycel’s first public testnet Spore is now live. Spore utilizes Mycel’s Transferrable Account feature and helps users to mint NFTs across chains. With Transferrable Account, you can mint NFTs on Ethereum even if you only have BNB token on BNB, and it works on any chain.

• Noble Wallet now supports EURe issued by Monerium. EURe is the first fully regulated, authorized & collateralized Euro stablecoin, and it’s also the most used Euro stablecoin by volume. You can now connect you Noble Wallet with Monerium IBAN number to virtually bridge Cosmos with banking systems.

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• DIA launches 'Lumina' – a brand-new trustless oracle network. Its modular, rollup-based design enables the verifiable sourcing and delivery of any data to any blockchain. Fully decentralized and permissionless.

  • Today in DeFi is supported in part by DIA

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Updates 📰

• Celestia introduces its first-ever upgrade, Lemongrass. The upgrade aims to reduce spams and increase chain efficiency, enable one-click cross-IBC-chain transaction, improve data transmission speed, and introduce the IBC Interchain Account.

• Fluid is now integrated with Contango. You can now lend/borrow 25+ pairs on Fluid with one-click leverage through Contango with lower liquidation penalties on Ethereum, Arbitrum, and Base.

• Binance Labs invested in Hemi, a L2 network that integrates Bitcoin and Ethereum for enhanced security and programmability. By combining Bitcoin’s robust security and capital base with Ethereum’s flexibility and programmability, Hemi is focused on advancing the technical, economic, and social layers that reside between the industry’s two largest and most utilized protocols.

• Safe DAO is considering adding fees for any in-wallet swap. As one of the biggest multi-signature wallet providers, the upgrade by Safe is likely to increase the costs of many protocols and institutions who heavily rely on multi-sig for operations. Snapshot voting is now live.

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Issues 🚨

• Ethena’s domain registrar account was temporarily compromised and turned into a phishing site. The protocol itself is unaffected with no fund at risk. The team soon regained the control of the domain and the official website is now back online.

• Rari Capital settles charges with SEC over misleading investors. Rari, at their peak, had more than $1 bn crypto assets under management.

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Airdrops 🪂

• Phantom is now giving out usernames to the first round of users. Any OG, those who joined when Phantom was still desktop-only, can claim the username in the wallet. Make sure you’re using the latest version and the notification will soon pop up.

• Mantis, Solana’s L2, has concluded Phase 1 of Pre-fund Stage. Phase 2 has now started, and anyone can pre-fund Mantis Account to deposit and earn credits for future airdrop with multipliers on top of yields.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~19% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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