Today in DeFi - Lumio Move L2 on Testnet, Phantom Supports Bitcoin, Fraxchain Airdrop+Points System Coming, Lending ETH for a High Yield, and more...

Launches 🚀

• Built by Pomtent Network, Lumio is the first Move L2 that is EVM-compatible, built using the OP Stack, and settles on Ethereum while leveraging Move VM, Aptos’ virtual machine. Lumio is now on testnet and will open up in waves to a whitelist of users over time.

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Updates 🆕

• Solana-based wallet Phantom now supports trading and transfering for Bitcoin, Ordinals, and BRC-20 tokens.

• Render Network announced that it has transferred its tokens onto Solana, changing the token’s ticker from RNDR to RENDER. The Foundation also announced that it has implemented a Burn and Mint Equilibrium (BME) model.

• Immutable launched its web3 gaming “Passport”. Passport allows players to use identities and assets with a universal profile across multiple platforms.

• B Protocol implemented a smart contract as a MetaMorpho vault’s Allocator, that blocks funds allocation to markets whose risk level became too high. The risk calculation uses SmartLTV’s formula that simplifies LTV ratio calculations, mitigating the human factor in the process.

• Frax FXS halving is live, the emissions have halved across all gauges.

Upcoming ⏳

• Frax founder mentioned in the Frax Telegram group that Fraxchain will have an airdrop/points system tied to FXS plus something new that has not been announced until the new year.

• Lisk announces the transition from an L1 to an Ethereum L2, in collaboration with Optimism and Gelato. LSK token migration will be part of the transition, and the testnet deployment is scheduled in Q1 2024.

Farms 🧑🏻‍🌾

• Idle boosted yield tranches offer good yields on USDT and USDC on Optimism.

High-Yield Stable Farms, Lending ETH for a High-Yield, …