Today in DeFi - Gearbox V3 Live, Ipor Launches Stake Rate Swap, High-Yield Stable Farms, One-Click High-Yield Farming, and more...

Launches 🚀

• Gearbox V3 is live with PURE margin trading, new assets, and better organic rates. APYs depend on TVL migrated, and there is no new inflation in GEAR.

• ETH restaking protocol Renzo is live no EigenLayer. Renzo is the interface to the EigenLayer ecosystem securing Actively Validated Services (AVSs) and offering a higher yield than ETH staking.

Updates 🆕

• Ipor launched Stake Rate Swap (SRS), enabling users to hedge, speculate, or arbitrage Lido stETH’s rate with up to 500x leverage.

• Restaking protocol EigenLayer raised the staking cap to 500K ETH with 6 LSTs joining the ecosystem: Stakewise osETH, Swell swETH, Origin OETH, Stader EthX, Binance wbETH, and Ankr ankrETH.

• Solana-based NFT infrastructure protocol Metaplex introduces Inscriptions and Engravings, a new standard for on-chain NFTs on Solana.

• Frax Finance partners with Axelar to support the issuance of Frax-assets on Osmosis, Mantle, Linea, Kujira, Manta, and Scroll.

• Hubble Exchange launches trading with three markets live: ETH, AVAX, and SOL. Hubble is a perp orderbook DEX on its own L1.

• Circle launches Euro-backed stablecoin EUROC on Solana. Solana-based dApps including Jupiter Exchange, Meteora, Orca, and Phoenix have added support for EUROC.

Upcoming ⏳

• MetisDAO introduced its 4.6M METIS (~$120M) Ecosystem Development Fund (EDF). EDF distribution will be Q1 2024, going to sequencer mining, retroactive funding, deployment of new projects, and other endeavors.

• MultiBit will launch an NFT bridge between Bitcoin and Ethereum in the next few days, enabling Bitcoin NFTs to be accessed via Ethereum platforms.

Farms 🧑🏻‍🌾

• Dopex launches rDPX single-sided staking. Users may stake rDPX single-sided to earn rewards. Positions may be locked from a minimum of 1 week to 1 month with a longer lock equating to a larger share of fees.

Stable Farms, One-Click High Yield Farming, …