Today in DeFi - PrismaLRT Live, WBTC on Osmosis, dYdX Chain v4.0 Upgrade, Wrap Tokens to Earn Yields, and more...

Launches 🚀

• Prisma Finance’s PrismaLRT is live on Ethereum Mainnet. Users can mint ULTRA stablecoin using ether.fi weETH.

Crypto Tax Tips to Help You Keep Your Gains

1. Set up good crypto tax software:

   Crypto tax software automatically pulls on-chain data and provides properly formatted tax forms, saving you tons of time — but you’ll still need manual review

2. Focus On Specific Complex Transactions:

   Staking, LP, cross-chain bridges, and lending transactions are often misreported. Focus on those to get the most bang for your buck.

3. Find Capital Losses

   If you lost money in the bear of '22-23 but didn't file your crypto taxes...now is a great time to claim those losses- you may even end up paying little to no taxes!

4. Give Yourself Time To Get It Done

   Whether you plan to do-it-yourself or hire a service like Crypto Tax Made Easy, this process takes time. The more transactions, the more time it will take.

5. Get The Right Help

   Crypto Tax Made Easy can help you fix all of the errors in your crypto tax software, uncover losses to offset gains, and do this for less than what most accountants charge

Contact them today and you may qualify for a Free Tax Review.

Updates 📰

• Osmosis DEX now supports Wrapped Bitcoin ($WBTC).

• Matcha launched Matcha Auto on Base, enabling Gasless swaps, Faster trade confirmations, and MEV protection.

Upcoming ⏳

• dYdX proposed to upgrade the dYdX Chain to version 4.0, encompassing new features and improvements, focusing on Order Book Features, Risk and Safety Improvements, and enhancements related to the Cosmos ecosystem.

• Dymension community proposed to launche AMM incentives and stream DYM rewards to LPs to aggregate liquidity.

• TLX, a leveraged tokens protocol powered by Synthetix, will launch on Optimism. TLX will support 50+ assets and allow for up to 20x leverage.

Airdrops 🪂

• Vertex introduced Vertex VERTerans, a task campaign that allows users to earn rewards based on their XP at the end of each sprint.

• Avantis launched trade-to-earn, a 2-week trading campaign with a prize pool of 15k USDC distributed to all participants.

Farms 🧑🏻‍🌾

• Gearbox USDC and ETH lending offer good rates.

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Wrap Tokens to Earn Yields …