Today in DeFi - Fantom Sonic Network & $S Token, zkSync v24 & Airdrop, pump.fun Exploiter Arrested, Farm Points with 4x Leverage, and more...

Updates 📰

• Ethena’s sUSDe yield retained portion is reduced to 20%, with the remainder going to the sUSDe contract, making sUSDe APY now 37.2%. The changes in place will last until at least the end of June.

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Issues 🚨

• The exploiter who was responsible for pump.fun’s 2M hack has been identified as Jarett Reginald Dunn and arrested by British law enforcement. According to the latest update, Jaret has been released, required to return to UK police in August, and refrained from communication with pump.fun.

• GFXLabs proposed offboarding Monetalis from MakerDAO. Monetalis is an Arranger overseeing nearly $1.9 billion in assets for Maker but has often failed to produce timely, accurate reports, leading to poor financial returns for Maker’s reserve.

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Upcoming ⏳

• Fantom Foundation proposed Sonic Network, a new layer 1 with a native layer-2 bridge connected to Ethereum and beyond. Sonic will have a native token $S, and users can migrate their $FTM tokens at a 1:1 ratio for the new $S token at genesis.

• Synthetix is undergoing a pivotal phase of the V3 rollout. The transition focuses on accelerating real yield, expanding sUSD collateralization, and facilitating the V3 migration.

• pStake, a multichain liquid staking protocol, is launching a liquid staking solution for Bitcoin, built atop Babylon Chain.

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Airdrops 🪂

• zkSync v24 upgrade is “the final planned protocol upgrade needed before handing over network governance to the community.” zkSync $ZKS airdrop is expected following the v24 upgrade.

• Rabby Wallet Initial Points’ first-round claim ends on May 31st. Rabby users are encouraged to claim before the end date.

• Aevo is bringing Aevo Airdrops, a new program where Aevo will airdrop pre-launch tokens of projects listed on Aevo to active pre-launch traders and AEVO stakers. Aeov also revamped Aevo’s staking benefits with 4 tiers for Aevo Stakers.

• Equation V3 is live, allowing users to trade perps with 0 trading fees + 150x leverage.

  • Equation’s Weekly Trading Competition & Profit Rate Mining are also live.

  • Traders ranking in the top 10 on the profit rate leaderboard will receive USDT prizes, and extra rewards for ranking in the top 3 (1st $2000, 2nd $1000, 3rd $500)

  • Today in DeFi is supported in part by Equation

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~40% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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Farm Points with 4x Leverage

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