Today in DeFi - Magic Eden $ME Checker Launch, Meteora Launches M3M3 Staking, Austin Federa Leaves Solana to start DoubleZero, Upcoming Events and Token Unlocks, and more..

Dec 05, 2024

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Vectis introduces JLP Navigator Vault, a leveraged delta-neutral strategy to optimize returns while mitigating risk.

It leverages JLP holdings with Drift to enhance real yield from Jupiter Perpetuals, uses delta-neutral hedging to reduce exposure to SOL, BTC, and ETH, and identifies arbitrage opportunities through JLP premium/discount management, with a current APY of 72.33%.
- Today in DeFi is supported by Vectis Finance.
Meteora announces M3M3, a staking mechanism for memecoins inspired by the (3,3) model, designed to shift memecoin dynamics from PvP to PPP by reducing selling pressure and encouraging long-term staking.
Particle Network unveils UniversalX, a chain-agnostic trading platform powered by Universal Accounts, eliminating the need for bridging and enabling seamless, borderless Web3 transactions.
Avalon Labs launches $USDa, a Bitcoin-backed stablecoin on Hemi, offering up to 15% yields and an 8% fixed borrowing rate.

DIA launches Lasernet on testnet, an ETH Layer-2 engineered for oracle infrastructure, to enhance scalability and decentralization.

Built on Ethereum in collaboration with Conduit, Optimism, Celestia and Hyperlane; Lasernet enables trustless, decentralized, and permissionless data delivery for blockchain applications, with pull- and push-based oracles now available for testing on Ethereum Sepolia. The mainnet launch is planned for Q1 2025.
- Today in DeFi is supported by DIA.

Wormhole launches the W Staking Rewards Program, now live on the W Dashboard, enabling governance participation through staking.
Aerodrome launches the AERO Fed, allowing veAERO voters to adjust emissions rates for growth. Early Velodrome Rewards voters get a 1.5x asset boost.
Superform Labs launches on Linea, an Ethereum L2 zk-rollup, enabling seamless deposits into Linea vaults from any chain in one transaction. Users can earn up to 43% APY and ZeroLend’s Zero Gravity Points, convertible into $ZERO tokens.
Spark proposes increasing the savings rate from 9.5% to 12.5% and the USDS/DAI borrow rate to ~12.5% on SparkLend.

Austin Federa leaves Solana to co-found DoubleZero, the first N1 network, alongside Mateo Ward and Andrew McConnell. DoubleZero aims to enhance bandwidth, reduce latency, and provide decentralized, permissionless base layer infrastructure for high-performance blockchains like Solana.
Safe announces Safenet, a network linking L1s, L2s, and offchain systems for instant cross-chain execution, enhanced security, and onchain GDP integration.
Ethena Labs announces the launch of $DRV on January 15, 2025, with 5% of the supply allocated to $sENA stakers.
ZKsync Ignite announces its launch on January 6, 2024, with integrations across major DeFi protocols like SyncSwap, Uniswap, and PancakeSwap.

Magic Eden announces the launch of a $ME eligibility and allocation checker.
Sonic Labs announces that the $S airdrop has not occurred yet. Users can earn points by engaging with apps on the Sonic mainnet after launch
Kelp DAO launches the Kelp Gain vault on ZircuitL2, offering higher rewards, 2x Zircuit points, 3x Kelp Miles, and access to ecosystem airdrops, AXL grants, and multi-L2 rewards. Expansion to another L2 is coming soon.
Sky Save Finance enables USDS borrowing and lending on Solana with 400,000 USDS in monthly rewards (~100,000 USDS weekly) for USDS suppliers.

Deposit cbBTC and borrow USDC on Base or Ethereum mainnet to earn your share of $150,000 in incentives through the Merit Program from ACI. These incentives will be distributed over three months. For more details, click here.
- Today in DeFi is supported by ACI

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Upcoming Events and Token Unlocks

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