Today in DeFi - MIM Exploited for 7M, Magic Eden Wallet, Aura Tokenomics Proposal, Boosted Leveraged Farming, and more...

Hacks 👾

• Abracadabra was exploited and lost ~7M. The hacker exploited a rounding bug in the protocol and swapped stolen MIM tokens for ether. MIM experienced a depeg and dropped to around 0.77 (now re-pegged to 0.96). The team has fixed the issue and is tracking stolen funds.

Launches 🚀

• AIP3 announces OEV Network, a Polygon CDK-powered zk-Rollup that captures OEV from all dApps that use API3 data feeds across all chains.

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Updates 📰

• Magic Eden introduces the Magic Eden Wallet. The Wallet supports Instant cross-chain swaps, NFT portfolio management, Native Ordinals & BRC20 assets, and End-to-end rare sats management.

• Solana introduces Anza, a new Solana-focused software development firm that intends to develop its validator client, Agave, and help build the Solana network.

• Morpho Blue and MetaMorpho Vaults are supported on Instadapp, allowing users to borrow from Morpho Blue and lend via MetaMorpho Vaults using the Instadapp Pro dashboard.

Upcoming ⏳

• Aura community proposes to re-ratify AIP 42 for six additional months while introducing various optimizations for AURA's tokenomics intended to reduce overall emissions without impacting core functions.

• The vote to activate Lyra V2 tokenomics is live. V2 tokenomics will enable decentralized ownership of v2, 150m $LYRA to bootstrap trading, and the DAO to earn ETH and USDC.

• Pika announces relaunching V4 with additional improvements including Asset Upgrade, Fairness in Vault PnL Calculation, Enhanced Oracle Contract, etc.

Airdrops 🪂

• If Delta Prime reaches the next milestone ($9M TVL) in three days, the team will give away a 15K USDC airdrop.

• Stride announces that 150,000 STRD will be dropped to users who hold stDYDX over the next 120 days, and the first snapshot will be taken on Jan 30.

Farms 🧑🏻‍🌾

• IdleDAO USDT yield tranches on Polygon zkEVM offer good APYs with auto-compounded MATIC reward boost.

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High-Yield Stable Farms, Boosted Leveraged Farming, …