Today in DeFi - Hyperliquid Genesis Event Deadline, Instadapp Proposes Protocol Liquidity Pool, Pendle Launches on Base, DIA Lasernet Goes Live on Testnet, and more..
Launches π
Pendle launches on Base, offering fixed yield, yield trading, and LP opportunities. Initial assets include cbETH and select BTC, with more assets in the pipeline.
Token Mill launches on Avalanche, introducing a bonding curve AMM for token creation without traditional liquidity pools. The platform aims to ensure perpetual liquidity and includes fee-sharing features to align incentives between creators and token holders.
Liquity has launched its V2 Testnet on the Sepolia network, inviting users to explore the new features and functionalities. This deployment allows for hands-on interaction with the upcoming version of the protocol.
Genesis DIA Staking is Coming Soon!
DIA is gearing up for Lumina's mainnet launch in Q1 2025, bringing staking and slashing mechanisms to enhance the oracle networkβs resilience.
In anticipation, theyβre thrilled to unveil their Genesis $DIA staking program, offering early adopters up to 30% APY, ahead of the mainnet release.
Today in DeFi is supported in part by DIA
Updates π°
Covalent has integrated with Unichain, an OP Stack Layer 2 platform by Uniswap Labs, to provide developers with easy access to Unichainβs onchain data.
This collaboration allows for efficient building of DeFi applications by simplifying data queries, enabling real-time insights, and providing a suite of developer tools.
Today in DeFi is supported by Covalent
MetaMask users in the U.S. can now purchase cryptocurrencies using Venmo through MoonPay's integration.
Avail integrates with Wormhole's NTT framework, bringing AVAIL and stAVAIL to Base while preserving native functionality and preventing liquidity fragmentation.
Upcoming β³
Instadapp proposes using 5% of INST supply for a protocol-owned liquidity pool on Fluid DEX to address liquidity shortages, stabilize markets, and ensure long-term sustainability.
Movement Labs to integrate Celestia for scalable Move chains on Ethereum, enabling 1GB blocks and low costs while uniting modular elements for high performance.
Particle Network teases a major update to on-chain trading, set for December 3, 2024, promising a seamless experience with "One Account, One Balance, Any Chain."
Morpho proposes a pilot Grants Program to allocate up to 200,000 $MORPHO for projects building on the Morpho protocol.
Airdrops πͺ
Hyperliquid reminds users of the deadline to review and accept the Genesis Event Terms & Conditions by 23:59 UTC on November 28.
Layer3 rewards $75,000 in OP to users with 1,000+ CUBEs, staked L3, and a 33-day GM streak. New users can join now to qualify for future rewards.
Seraphnet announces an exclusive $DLLM airdrop for $DEAI stakers as part of its upcoming token sale, rewarding support for its decentralized, privacy-first AI vision.
Farms π§π»βπΎ
Deposit cbBTC and borrow USDC on Base or Ethereum mainnet to earn your share of $150,000 in incentives through the Merit Program from ACI. These incentives will be distributed over three months. For more details, click here.
Today in DeFi is supported by ACI
Sky launches USDS rewards on Raydium, offering 210,000 $USDS and 3,000 $RAY weekly for liquidity in the USDS/USDC pool and Kamino vaults.
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DIA Lasernet Goes Live on Testnet
DIA just launched Lasernet on testnet, introducing a groundbreaking Layer-2 solution tailored for oracle infrastructure. Built on Ethereum, this rollup enables trustless, decentralized, and permissionless data delivery for blockchain applications. Developers can now test pull- and push-based oracles on Ethereum Sepolia.
The full mainnet launch is scheduled for Q1 2025, with Lasernet poised to redefine scalability and decentralization in the oracle space.
Strategic Partnerships for a Modular Oracle Stack
DIAβs new oracle framework, Lumina, embodies a modular design through collaborations with leading Web3 technologies, including:
Optimism Labs: Provides scalability via OP Stack, ensuring enterprise-grade data computation on-chain.
conduitxyz: Simplifies rollup deployment, ensuring efficient and reliable Layer-2 network operations.
hyperlane: Offers seamless cross-chain interoperability, making Lasernet blockchain-agnostic.
CelestiaOrg: Delivers enhanced data availability and storage scalability with SuperBlobs, enabling high-volume data batching.
Why Layer-2 Is the Key to Oracle Evolution
Traditional oracle solutions often struggle with decentralization, cost efficiency, and scalability. Lasernetβs Layer-2 approach addresses these challenges by moving oracle computation on-chain, leveraging Ethereumβs security at a fraction of the cost. This ensures data verifiability, trustlessness, and immutability at scale.
Features Driving Oracle Decentralization
DIA Lasernet introduces a new standard in oracle infrastructure with:
Permissionless Participation: Open access for sourcing data and deploying oracle contracts.
Trustless Processing: Aggregator smart contracts compute oracle data on-chain, creating manipulation-resistant, consensus-driven data feeds.
Distributed Data Sourcing: a Decentralized networks of feeders push data to the Lasernet chain, secured by crypto-economic guarantees like staking and slashing.
Understand more about what Lasernet has to offer here:
https://x.com/DIAdata_org/status/1861458079759437949
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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.