Today in DeFi - Movement L2 Testnet Live, ZXK Ends Operations, Layer 3 Claim Live, Fixed APR on ETH + Airdrop Rewards, and more...
Launches π
Movement, an Etherem L2 network, launches its public testnet with the MOVEDROP program. Users can get involved with the testnet and start completing quests.
Echelon, the first lending protocol on Movement L2, is live on the testnet. Users can claim test tokens from the faucet and start testing on Echelon.
Lava Network, a Cosmos appchain for blockchain RPC, launches its mainnet. Lava lets chains quickly attract, aggregate, and coordinate RPC providers by creating incentive pools.
Router Chain, a PoS L1, launches its mainnet. Router Chain allows stateful bridging so that omnichain dApps can abstract chains from the users and aggregate liquidity across multiple chains.
AltLayer introduced the first NearDA public testnet in partnership with Nuffle Labs and built it on the OP stack.
dumpy.fun beta version is live, allowing users with a beta password to short on Solana meme coins. dumpy is powered by Solend (Save) and Jupmer Exchange.
Updates π°
Polynomial L2 has integrated with Ethena, pairing the yield from providing liquidity on apps with Ethena's funding rate yield to enhance the Polynomial Chains Liquidity Layer.
Maverick V2 is live on Scroll L2, allowing users to collect Scroll Marks with Maverickβs customizable liquidity solutions and higher capital efficiency.
Issues π¨
ZKX Protocol, a derivative protocol StarkNet L2, has decided to cease operations, citing economic challenges as the primary reason
Airdrops πͺ
Layer 3βs token airdrop claim and staking is live.
Stride stTIA airdrop claim is live. From February - June, anyone who held stTIA received a daily allocation of a total of 5M STRD. This allocation becomes claimable 180 days after allocation.
Kwenta approved the Kwenta Points Program. Kwenta trades on all networks now earn EXP, dated back to May 23rd at 00:00 UTC. Traders will see their accumulated EXP when the program launches.
Farms π§π»βπΎ
Stake your GHO to earn ~19.74% APR from AAVE and Merit Program
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Fixed APR on ETH + Airdrop Rewards
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