Today in DeFi - Ethervista Live, Sky Aave Force Initiative, Ethena Season 2 Distribution, Earn up to 19.7% Autocompounding APY on Stablecoins, and more..
Launches π
Ethervista has introduced a new liquidity pool (LP) and fee mechanism aimed at addressing certain aspects of ETH DeFi innovation. The project includes a fair launch with a 5-day liquidity lock. Its economic model features a deflationary supply and revenue distribution in ETH to liquidity providers, with the goal of promoting long-term value and stability.
Pear Protocol has launched its intent-based trading engine, which enables users to trade the entire Binance orderbook on-chain via its integration with Symm.io.
TOKI's Incentivized Testnet is now operational, establishing the first connection between Ethereum and BNB Chain through the IBC Protocol. The testnet employs multi-prover security, incorporating TEE and ZKP technologies.
Updates π°
Aave Labs and Sky are initiating the Sky Aave Force project, which involves integrating USDS and sUSDS on Aave V3 with native rewards and introducing a SKY-sUSDS converter. Additionally, the proposal includes an SPK token airdrop for Aave users.
SafeDAO has proposed a new revenue stream by collecting transaction fees from its Native Swaps feature. If approved, these fees would be converted into SAFE tokens and added to SafeDAOβs reserves, potentially providing the DAO with increased control over its funding and enhancing community governance.
Trezor has announced that Polygonβs native token will transition from MATIC to POL starting September 4, 2024. MATIC holders on Polygon PoS will see their tokens updated automatically in their Trezor wallets, with no action required on their part.
Omni Network, a Layer 2 platform, has reopened its faucet for new users in preparation for its first minigame this week.
Derive is collaborating with Optimism to enhance decentralized trading on the Superchain. This partnership aims to improve trade settlement speed and cost efficiency, as well as execution speed across various chains.
Upcoming β³
Peaq Network, a scalable and eco-friendly Layer-1 blockchain for decentralized physical infrastructure networks (DePIN) and real-world assets (RWA), is set to launch between September 23rd and 30th.
Satspumpfun has announced that Fractal's mainnet will go live on September 9th. Airdrop of the first meme token is planned for October.
Airdrops πͺ
Ethena Labs concluded Season 2 on September 2nd, with ENA rewards scheduled for distribution on September 30th. Season 3 will introduce sENA, a liquid token designed for enhanced DeFi integration without lockup requirements. The rewards structure for Season 3 has been simplified, featuring multipliers based on USDe holdings and active participation.
Bedrock has announced a collaboration with Mantle and FBTC. Participants will have the opportunity to earn Bedrock Diamonds, Sparks, and $MNT tokens, with a 2x Diamonds boost available during the campaign.
Bubbly Finance has announced the launch of its Galxe and QuestN Points Campaign. Participants can earn points through the campaign, which will contribute to rewards in the upcoming BUBBLE POINTS program.
Thena is marking BNB Day with "The Story of THENA," an 8-week event offering over $30K in rewards. The first two chapters, which introduce the new ARENA feature, are now live. Participants can register, complete five tasks, and compete for a share of the $15K reward pool.
Jumper, a multi-chain exchange, has announced that the snapshot for August XPs of the Jumper Loyalty Pass was taken on August 31 at 00:00 UTC, with updates to be provided in the coming days.
Farms π§π»βπΎ
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