Today in DeFi - Jupiter Launches JupSOL, EigenLayer Removes Restaking Caps, Mantle Ethena Sats Campaign, >100% on Stables, and more...

Updates 📰

• Jupiter launches Jupiter Staked SOL (JupSOL), an LST representing SOL staked to Jupiter’s validator. JupSOL earns staking yields and MEV kickbacks from Jupiter’s Validator and has no fees. The more SOL that participates in staking, the more Jupiter can send transactions and reduce the impact of network congestion.

• EigenLayer removed all LST caps and unpaused deposits on April 16th, 9:00 AM PST. Restaking is currently uncapped, however, there is a proposal suggesting a 33% LST limit to “ensure a balanced and decentralized ecosystem.”

• Lido launches Simple DVT module on mainnet. The module provides the first opportunity for solo and community stakers to participate in running validators using Lido. This diversifies the node operator base of Lido, mitigating single points of failure.

• Angle USDA stablecoin is now accessible to all. USDA earns a native 10% yield, is backed by RWAs, adopts anti-depeg mechanisms, and has the same liquidity as USDC.

• Magic Eden on Bitcoin now supports Collection Offers for Bitcoin Ordinals, with initial support for 11 projects.

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Upcoming ⏳

• Safe DAO will enable token transferability on April 23rd. The protocol releases SAFE tokenomics, including token allocation, release schedule, and token utility.

• Aave ACI proposes FastPass, a feature that allows a portion of Safety Module stakers to bypass the 20-day cooldown periods in exchange for a fee.

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Airdrops 🪂

• Mantle L2 introduced the Ethena Season 2 Sats Campaign to the network. Users can earn boosted Sats by trading/ providing liquidity for USDe on Mantle projects, including Pendle, Merchant Moe, Init Capital, and IntentX.

• Saga L1 introduced the Power-Level Over 9000 campaign, enabling Saga stakers to earn tokens & NFT drops from over 100+ confirmed projects.

• Drift, a Solana-based trading protocol, introduced the DRIFT token and Drift DAO. Drift will airdrop 100M DRIFT to loyal Drift users, including long-standing traders (OGs) and participants in the Trader Points program.

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Farms 🧑🏻‍🌾

• Supplying GHO liquidity on Gearbox earns ~38% APY

  • Today in DeFi is supported in part by ACI

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>100% on Stables