Today in DeFi - Levana Hacked for 1M, Merkle Trade V2 Live, Avalanche to Support Meme Coins , High Yield Stable Farms, and more...

Launches 🚀

• Gamified perp DEX Merkle Trade launches V2, introducing loot boxes, rewards for traders, and incentives for LPs.

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Hacks/Issues 👾

• Osmosis-based perp DEX Levana was exploited, resulting in a loss of over $1.1M. A bug in the Osmosis fee market code and “price staleness” in Levana’s integration with the Pyth oracle enabled the attackers to manipulate prices and drain the pools.
  The issue has been fixed and opening positions will relaunch next week.

Updates 🆕

• Gains Network launches the $7M+ gTrade Arbitrum Incentives Program. Starting Dec 29, 4.5M ARB & 65K GNS will be rewarded to traders and LPs over 13 weeks.

Upcoming ⏳

• The Avalanche Foundation intends to start using Culture Catalyst, a $100M NFT incubator initiative, to purchase select Avalanche-based meme coins and create a collection to “recognize and encourage the culture and fun symbolized by meme coins."

Farms 🧑🏻‍🌾

• Radpie USDC.e vault on Arbitrum earns boosted rewards in stable and RDNT.

High Yield Stable Farms, …