Today in DeFi - Linea Pauses Chain to Mitigate Hack, Pac Finance Launches 2.0, Sign up for EtherFi Credit Card and Earn Points, Earn>30% APR through Stablecoin LP and more...

Issues 🚨

• Linea experienced a hack in which approximately 700 ETH was transferred out of the network through a third-party bridge. In response, the team decided to halt block production by pausing the sequencer and blocking the attacker’s addresses.

• Velocore's recent hack was analyzed by Beosin Alert, highlighting a critical issue: the LP Pool lacks permission verification.

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Launches 🚀

• Pac Finance launched the "Pac 2.0" protocol upgrade, making the PAC token the main utility and governance token. The upgrade also includes Pac revenue sharing and the Pac Relend protocol.

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Updates 📰

• Paraswap announced Augustus V6.1, a new version of the Aggregator Smart Contract. Formally verified by Certora. All Augustus V6.1 contract admin actions are subject to a TimeLock.

• Kinetix partnered with Steer Protocol and provided Automated Liquidity Management on Kinetix V3 DEX.

• Myso Finance announced its new deployment on the Sei Network, which includes the unveiling of a covered call pooling product. Users participating in Sei covered call strategy will receive a retroactive oMYT airdrop.

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Upcoming ⏳

• Penpie is proposing to change 50% of vePENDLE voter rewards from wETH to PNP. Voting is currently open, and 10 voters have the chance to win a lucky draw.

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Airdrops 🪂

• Etherfi opened its waitlist sign-up for its credit card, offering 1000 ether.fi cash points.

• Ambient Finance's alternative front end offers trading opportunities, with the chance to earn extra Gold from Blast L2.

• GMX has partnered with Layer3's Infinity CUBEs Campaign quest to offer market yield rewards on any GM token purchase and additional Layer3 Rewards.

• Lyra Finance launched an event in collaboration with swellnetwork.io, offering a 4.5x multiplier by depositing rswETH to Lyra.

• Pac Finance in celebration of Pac 2.0, is giving a points boost with up to 6X points multiplier on new positions and up to 3X points multiplier on total points. The event is currently live for all users and will continue until the launch of our governance token

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~32% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

• Lynex in partnership with Lido Finance announced an event to incentivize the wstETH/wETH (Gamma Correlated) pool throughout June.

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