Today in DeFi - Pendle Earn Live, Axelar Interchain Token, Cross-chain Borrowing, and more...

Pendle Earn Live

Pendle launches Pendle Earn. Pendle Earn earns fixed yields on major assets including stablecoins and LSTs, lowering the barrier to access DeFi yields.

Axelar Interchain Token Service

Axelar introduces Interchain Token Service (ITS), supporting Interchain Tokens that preserve cross-chain fungibility and custom functionality. ITS allows teams to easily manage supply and features through the creation of Interchain Tokens.

Rysk DHV Live on Arbitrum

Options protocol Rysk launches the ETH/USDC Dynamic Hedging Vault (DHV) on Arbitrum. DHV allows LPs to generate returns on USDC by market-making ETH options trades. DHV is at capacity as of writing.

Hector to Liquidate $16M Treasury

Fantom-based DEX Hector Network voted to liquidate its $16m treasury following Multichain, Fantom losses.

Stargate Fantom Pool Live

Stargate launches the USDC pool on Fantom with STG liquidity rewards live. Stargate now supports transfers between Fantom, Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, and Optimism.

Rodeo Remediation Plan

A week after the ~880k hack, Arbitrum-based yield protocol Rodeo published a recovery plan that will allow LPs to withdraw what they originally deposited in the protocol.

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