Today in DeFi - F(x) Protocol rUSD, Frax Singularity Tokenomics, Avalanche Memecoin Rush, >100% on Stables, and more...

Launches 🚀

• f(x) Protocol launched rUSD, a stablecoin backed by LRTs. Users can mint rUSD using Ether.fi eETH and deposit rUSD into stability pools to earn LRT yield, FXN incentives, ~4x EigenLayer points, and ~2x EtherFi points.

• Nostra launched UNO, a Starknet-native stablecoin backed by USDC. Users can buy and sell UNO for 1 USDC for a 0.10% fee, lend/borrow UNO, and provide liquidity to UNO pools on Nostra for boosted points.

Updates 📰

• DeFi Saver introduced a new automation option for cruvUSD lending: Hard liquidation protection. The option allows users to set a trigger Health Ratio value and the amount of crvUSD to be automatically paid back from their EOA wallets.

• Predy Finance, an Intent-based DEX on Arbitrum, upgraded to v6.1. Predy V6.1 enables Take Profit Order & Stop Loss Order features for users.

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Upcoming ⏳

• Frax Finance founder published Frax Singularity Roadmap Part 1. The proposed changes include L3s of Fraxtal, veFXS revenue share & fee switch, Frax Liquidity Engine (FLE), and Frax Asset improvements.

• Mantle Network will enable users to stake MNT and earn Ethena shards.

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Farms 🧑🏻‍🌾

• Avalanche launched Phase 1 of Memecoin Rush, a liquidity mining incentive program for the community coin ecosystem. Phase one provides $1M incentives in AVAX for LPs of select tokens on SteakHut and Trader Joe.

• Staking your GHO on Aave earns ~32% APR. (Staking GHO is also eligible for the Merit program and may earn additional rewards)

  • Today in DeFi is supported in part by ACI

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>100% on Stables, …