Today in DeFi - Ondo's OUSG 24/7 Convertible to PYUSD, Galxe Live on Telegram, Uniswap v4 Address Challenge Live, Free Airdrop: Try New BTC Staking Network, and more..

Launches 🚀

• Galxe, the biggest SocialFi and web 3 quest platform, is now live on Telegram. Users can now complete quests in Telegram to learn about web3 and earns you GG points, which unlock rewards like Lucky Spins with prizes such as $G tokens, Jambo Technology phones, and more.

• RISC Zero introduces Kailua, a hybrid architecture that gives OP chains 1-hour finality without the higher cost of constant ZK proving. Built together with rollup-as-a-service providers Conduit, Alchemy, Caldera, AltLater, and Gelaton, Kailua shortens the time for OP chain to reach finality from 7 days to 1 hour.

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Genesis DIA Staking is Coming Soon!

• 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

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Updates 📰

• Uniswap v4 Address Mining Challenge is now live. Building on the capital efficiency of Uniswap v3, v4 offers enhanced flexibility through hooks and optimized gas usage throughout trades. Pool creation costs will drop by 99.99%, and traders will benefit from cheaper multi-hop swaps. The challenge, running until December 1, 2024, invites users to find a salt value for the CREATE2 deployment function that generates a contract address with the most leading zeros and prominent occurrences of the number 4 for the upcoming v4 launch.

• 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

• YOM, the decentralized cloud gaming infrastructure, has migrated from Solana to peaq. Developers from YOM said the aggressive marketing of meme tokens on Solana has damaged the findability of more serious, yet underground, infrastructure projects.

• Following the Binance launchpool of USUAL, Usual’s USD0 and USD0++ are now integrated with Morpho, Euler, Term Finance, Curve, Pancake, Uniswap, and Pendle with the upcoming expansion onto L2s.

• New KelpDAO’s agETH pool and Bedrock’s uniETH pool are now live on Penpie with boosted airdrop points on top of autocompounded LP fee, PT yield, and PENDLE rewards.

• Renzo will soon double the cap of SOL restaking for ezSOL with incentives available to provide liquidity on Kamino Finance.

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Upcoming ⏳

• Ondo’s RWA-backed stablecoin OUSG will support 24/7 conversions with Paypal’s PYUSD. Users will soon be able to convert in & out of Ondo's OUSG with PYUSD, enhancing redemption liquidity and expanding the utility of PYUSD as a liquidity source for RWAs. The collaboration will expand access to tokenized US Treasuries while enabling 24/7 instant redemptions of OUSG into PYUSD.

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Farms 🧑🏻‍🌾

• 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.

  • Today in DeFi is supported by ACI

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Free Airdrop: Try New BTC Staking Network