Today in DeFi - Movement L2 Testnet Live, ZXK Ends Operations, Layer 3 Claim Live, Fixed APR on ETH + Airdrop Rewards, and more...

Launches 🚀

• 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.

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Updates 📰

• 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 Maverick’s customizable liquidity solutions and higher capital efficiency.

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Issues 🚨

• ZKX Protocol, a derivative protocol StarkNet L2, has decided to cease operations, citing economic challenges as the primary reason

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Airdrops 🪂

• Layer 3’s 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.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~19.74% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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Fixed APR on ETH + Airdrop Rewards