Today in DeFi - MetaMask to Support Bitcoin, Taiko L2 Airdrop Live, Fantom Introduces Meme Season, >50% APR on Stables, and more...

Launches 🚀

• CapybaraDEX, a Wombat ecosystem member, is now live on Kaia Chain. Users can now do single-sided LPing, swap listed assets, and earn Capybara points during the Alpha stage.

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Updates 📰

• Sanctum, a Solana-based liquid staking platform, introduced wifSOL. wifSOL is an LST that allows users to DCA into WIF by staking SOL. wifSOL holders pay a 2.5% commission on SOL rewards and keep the 97.5% as WIF.

• Picasso, an interoperability network and a restaking layer for Solana, now supports Solana and IBC transfers. Users can now transfer Solana IBC-supported assets such as $SOL, $mSOL, etc. between Solana and Cosmos. And the $PICA token is now available on Solana.

• Marginly, a leveraged trading protocol, partners with Pendle to offer 10x leverage on yield-bearing assets, boosted APYs, and Sparks (points). Users can join liquidity Bootstrap to earn double Sparks & up to 45% after farming launches on 29 May.

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Upcoming ⏳

• MetaMask is potentially rolling out Bitcoin support within the next month. MetaMask primarily supports EVM-compatible assets, adding support for Bitcoin could bring millions of transactions onto the platform.

• Cosmos introduces Hydro, a bidding & governance platform for liquidity deployment across the interchain ecosystem. Hydro will allow token holders to lock their tokens in exchange for “Hydro-locked tokens, " granting them influence over fund allocation decisions through periodic auctions.

• IntentX, a Blast-based perp DEX, released its 2024 roadmap. IntentX plans to launch a TGE, xINTX staking, V2 platform, more trader tools, account abstraction, etc.

• Merchant Moe, a Trader Joe franchise on Mantle L2, will enable fee sharing next week. $MOE stakers will share 100% of collected protocol revenue that will be regularly distributed in the form of Mantle LST (mETH).

• Derivio, a zkSync-based derivatives protocol, introduced the Derivio Network. The transition to a dedicated chain allows Derivio to better performance and efficiency.

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Airdrops 🪂

• Equation V3 is live, allowing users to trade perps with 0 trading fees + 150x leverage.

  • Equation’s Weekly Trading Competition & Profit Rate Mining are also live.

  • Traders ranking in the top 10 on the profit rate leaderboard will receive USDT prizes, and extra rewards for ranking in the top 3 (1st $2000, 2nd $1000, 3rd $500)

  • Today in DeFi is supported in part by Equation

• Fantom introduced the Meme Season competition, with 10 million sFTMx prizes for meme holders. A memecoin's position on the leaderboard is determined by a combination of its market cap, gas usage, and trading volume.

• Taiko L2 launched an airdrop checker for contributors and community members. Eligible users can check their share of TKO airdrop and claim at a later time.

• Renzo enabled ezPoint boosting for $REZ stakers, Season 1 airdrop holders (50% boost), and Season 1 participants (10% boost).

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~40% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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> 50% APR on Stables

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