Today in DeFi - Fantom Announces Sonic Labs Innovator Fund, ENS Introduces V2 Project Plan, Zeta Markets Airdrop Checker Live, Farm Airdrop by Trading or LPing on Bitcoin L2, and more...

Updates 📰

• Fantom Foundation announced the Sonic Labs Innovator Fund, committing up to 200,000,000 FTM to accelerate partner migration for the launch of the Sonic Network.

• Revert has released V3 of Revert Automators, featuring an auto-compounder that keeps position NFTs in user wallets, simultaneous auto-compound and auto-range/auto-exit functions, improved auto-range logic, and flexible fee payment options.

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Issues 🚨

• Kraken CSO Percoco disclosed that nearly $3 million worth of funds had been withdrawn from its wallets related to a vulnerability found by a security firm which turned out to be Certik. Percoco alleged that three individuals connected to Certik were behind the withdrawals and had refused to return any funds. Percoco later confirmed that the funds were transferred back to Kraken.

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Upcoming ⏳

• ENS releases a project plan for its forthcoming V2. The ENSv2 project plan details five implementation phases turning ENS from an Ethereum protocol to an L2.

• Ether.fi proposes to buy back ETHFI with up to 50% of protocol revenue, use the purchased ETHFI to build the treasury, and seed a liquidity pool on Curve to increase TVL on-chain for ETHFI.

• Tally, a DAO management platform, announces Tally Protocol. Tally Protocol will focus on the economic potential of governance tokens by introducing features like Tally Liquid Staked Tokens (tLSTs), governance restaking, voting power redistribution, etc.

• dTrinity, a stablecoin liquidity protocol with low borrowing costs and sustainable yields, will launch on Fraxtal L2 in Q3 2024.

• Superposition will launch its public testnet on June 24th. Superposition is an L3 chain built on top of Arbitrum One, and users will get paid for using it.

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Airdrops 🪂

• Zeta Markets’s ZEX eligibility checker is live. Claiming will start after the TGE. 30% of the $ZEX supply will go for ongoing trader incentives on a per epoch basis (every 28 days), with rewards proportional to each trader's Z-Score.

• Summer.fi introduces its points program. Summer.fi has taken a snapshot for early users, and users can still earn $RAYS by using Borrow, Earn, or Multiply.

• Pendle YTs are earning Symiotic points, Mellow points, and LRT points, while PTs accrue the yields.

• Lista DAO airdrop claim is live and LISTA is now trading on Binance.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~21.01% APR from AAVE and Merit Program

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Farm Airdrop by Trading or LPing on Bitcoin L2