Today in DeFi - LiFi Exploited for $8M, Minterest Hacked for $1.4M, Sanctum CLOUD Checker Live, Polynomial Retro Points, >20% APR on USDC, and more...

Updates 📰

• F(x) protocol has launched cvxUSD and xCVX. Users can mint cvxUSD to get staked CVX yield without volatility or get up to 3X leverage on CVX, by minting xCVX.

• Pencils protocol has integrated Solv. SolvBTC holders on Scroll L2 can now supply their tokens to Pencils for farming.

• Blast announced that the bridging period from Blast to Ethereum Mainnet has been reduced from 14 days to 7 days.

• Syrup.fi, an institutional yield protocol built by Maple Finance, is now live for public access.

• Worldcoin token lockups will be extended from 3 to 5 years for early investors and team members. Starting July 24, 2024, the THT team (lead dev of Worldcoin)’s WLD tokens will unlock daily over a five-year period.

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Issues 🚨

• LiFi bridging protocol was exploited for more than 8 million dollars, with the attacker focusing on particular accounts. Users were encouraged to avoid interacting with any apps (e.g. Jumper exchange) powered by LiFi.

• Minterest has encountered a security breach on Mantle L2. The breach led to the theft of $1.4 million in tokens, specifically mETH and WETH.

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Upcoming ⏳

• Sanctum founder announces post-TGE product developments, including Sanctum Launchpad, Sanctum Profiles V2, and the first LST-powered debit card (Sanctum Pay).

• MakerDAO founder posts about NewGovToken Activation. When Spark SubDAO launches, NewGovToken holders will be able to activate their NewGovToken to receive SPK Rewards, and activators will receive 15% of all SPK Token Rewards.

• SuperRare proposes Rare, an L2 using the OP Stack, and RARE as the network's native token.

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Airdrops 🪂

• Sanctum CLOUD airdrop checker and the Alpha Vault are live. Users can check their allocation and deposit USDC into the Alpha Vault.

• Polynomial announces L2 chain and Retro Points to its core believers, DeFi users, ecosystem partners, and NFT communities. Retro Points checker is now live.

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Farms 🧑🏻‍🌾

• Add your GHO on Spectra Finance to earn ~34.30 % APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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>20% APR on USDC