Today in DeFi - Mantle Launches mETH LSD, Osmosis Merger Proposal, 20%+ Stable Farms, Upcoming TGE Analysis, and more...

Launches 🚀

• Mantle L2 launches two products: Mantle LSP and mETH. Mantle LSP is a liquid staking protocol that enables users to stake ETH for mETH and earn rewards.

Updates 🆕

• Aave DAO proposes to increase the GHO borrow rate from 5.35% APR to 6.35% APR to support the GHO peg restoration and align borrowing costs with market rates.

• Inverse Finance launches Accelerated Leverage Engine (ALE) on most FiRM markets. ALE allows a user to leverage his deposit by flash minting the required amount of DOLA to buy extra collateral via an exchange proxy and then borrowing from his escrow to repay and burn the minted amount.

• Toros Finance goes live on Arbitrum, integrating swETH from Swell to launch the delta-neutral swETH-USDC pool.

Upcoming ⏳

• Cosmos-based Osmosis DEX and lending protocol UC Chain (fka. Umee) propose a merger. If approved, the process will begin with integrating UX Chain’s codebase into Osmosis Chain, combining their capabilities and total value locked.

• Mars Protocol proposes migrating V2 to Neutron with a set of mutual commitments.

• Gearbox will launch V3 soon with margin trading, new assets, L2 possible deployments, better organic rates, etc.

• Lyra DAO is voting on the V2 economics, including plans for ecosystem incentives, protocol fees, and rollup fees.

• BadgerDAO hints on upcoming 2.0.

Farms 🧑🏻‍🌾

• Lending protocol Delta Prime now offers ~21% yield plus ~6.6% incentives on USDC & USDT farms on Avalanche and Arbitrum.

• New AAVE incentives (~6000 USD) are live for the GHO-USDC vault on Range Protocol, enabling ~210% APR for LPs.

Upcoming TGE Analysis, …