Today in DeFi - Meta Winners Protocol Hack, SWELL Airdrop Announcement, Euler Prime Lending Market Goes Live, Airdrop(USD or ETH): Earn Points for Using DeFi on New L2, and more..

Nov 05, 2024

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Euler Labs has introduced Euler Prime, a lending market focused on capital efficiency in DeFi. Users can earn rEUL, a locked token aimed at incentivizing early participants on Euler v2. Euler Prime supports 11 collateral assets, including several BTC derivatives (LBTC, WBTC, cbBTC, tBTC) and ETH-based staking derivatives (cbETH, wstETH, WETH, weETH).
Bluefin has announced the listing of Suilend Protocol's native token, $SEND, as its first offering in Pre-Launch Markets. Trading for $SEND is set to begin on Tuesday, November 5, at 1:00 PM UTC on the Bluefin platform.
Shogun Beta is now live on the Ethereum Mainnet, integrating Solana, EVM Layer 2s, and Ethereum for a unified on-chain experience. Designed for capital rotation, Shogun allows users to access opportunities across chains, leveraging recent gains seen in ecosystems like Ethereum, Solana, Tron, TON, and Sui.
uSUI on the Sui Network is now operational on Morpho Labs on Base, allowing users to supply USDC against uAssets and borrow uSUI. Supported by Pyth Network, uSUI is also accessible on Aerodrome, with over $250K in available liquidity and active incentives.
Valantis Labs has launched Validly, an AMM inspired by Solidly, which is now live on the Ethereum Mainnet. Validly facilitates trading between any two assets with high efficiency and introduces compatibility with rebase tokens. This AMM employs a modified xy=k invariant, enhancing flexibility for fee mechanisms, liquidity models, and tokenomics within Valantis.

DIA is gearing up for Lumina's mainnet launch in Q1 2025, bringing staking and slashing mechanisms to enhance the oracle network’s resilience.
In anticipation, they’re thrilled to unveil their Genesis $DIA staking program, offering early adopters up to 30% APY, ahead of the mainnet release.
- Today in DeFi is supported in part by DIA

Kamino Finance has launched the Jito Market on Kamino Lend, which includes a 10x Multiply Vault aimed at enhancing JitoSOL's role in DeFi. The market offers SOL depositors weekly incentives of 8,000 JTO and provides JitoSOL holders with options for low-risk, yield generation while maintaining full exposure to SOL's price and minimizing liquidation risks.
Covalent has integrated with Unichain, an OP Stack Layer 2 platform by Uniswap Labs, to provide developers with easy access to Unichain’s onchain data.
This collaboration allows for efficient building of DeFi applications by simplifying data queries, enabling real-time insights, and providing a suite of developer tools.
- Today in DeFi is supported by Covalent
Soneium has activated fault proofs on Soneium Minato, extending the challenge period from 30 minutes to 7 days through a recent L1 contract upgrade. This change aligns with the security standards of the Superchain Ecosystem. Key updates include a re-proving step for end users with pending withdrawals and a 7-day withdrawal period for new transactions.
Kwenta has introduced new perpetual futures markets for the $SAFE, $MOODENG, and $GOAT tokens on Base and Arbitrum via Synthetix v3 perps. $SAFE, the governance token for Safe (formerly Gnosis Safe), offers multi-signature security through Safe’s platform.

PeckShieldAlert reports that Meta Winners experienced a hack resulting in losses of approximately $4 million, affecting hot wallets on Ethereum, Base, and Solana. The hacker transferred parts of the stolen funds to KuCoin, HitBTC on Ethereum, and Binance, ChangeNow on Solana.

Morpho Labs has initiated a vote to allow transferability for $MORPHO. If approved, the Morpho DAO will implement the steps outlined in the proposal to activate token transferability. Link to vote here.

Swell has announced that claims for the $SWELL token will open on November 7 via their official site, with 850 million tokens (8.5% of the total supply of 10 billion) allocated for distribution.
Kroma, an Optimistic Rollup utilizing zkEVM, has provided an update on the circulating supply and distribution schedule for its $KRO token, extending the core team's vesting schedule by five months. Additionally, Kroma’s $500,000 OP grant from Optimism will support the launch of their upcoming app, "K," which aims to bridge Web2 and Web3 to drive user growth and ecosystem transactions.
Superform Labs has launched Universal Rewards Claiming, a streamlined system for claiming token rewards across multiple chains. Users can now access all rewards from Superform-supported protocols, including Ethena Labs, Morpho Labs, Sturdy Finance, Exactly Protocol, PoolTogether, Sandclock, and Harvest Finance, in just one transaction per chain.

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.
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Airdrop(USD or ETH): Earn Points for Using DeFi on New L2

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