Today in DeFi - Puffer Mainnet Live, FairyCow Swap on Testnet, Infinex Governance Points, 50% APY on USDT, and more...
Launches π
Puffer Finance, a liquid restaking protocol built on top of EigenLayer, launched its mainnet. Puffer is also launching chapter 4 of its quest campaign with a revamped points system.
FairyCoW Swap, a dex that provides encrypted order protection on CoW Swap, is live on Sepolia. FairyCow allows traders to encrypt orders before broadcasting them to solvers & MEV searchers.
Sovryn, a Bitcoin trading & lending platform, launched DEX 2.0 on BOB. Sovryn DEX 2.0 now supports swaps, AMM LPs, and SOV staking.
Updates π°
1inch Fusion 2.0 is live with an enhanced Dutch auction system and an adjusted market-based price curve. Compared to Fusion 1.0, 2.0 offers up to 35% cheaper order settlements and 75% faster execution.
Upcoming β³
Arrakis, a market-making protocol running strategies on Uniswap V3, introduced HOT. HOT is a new AMM that will be integrated into Arrakis, enabling better outcomes for LPs and token issuers through an intent-centric approach to on-chain liquidity.
Rysk, an options trading protocol, introduced V2. Rysk V2 will bring 100x, a low latency Central Limit Order Book (CLOB) DEX to trade derivatives, and Rysk Orchestra, a market making vault network with deep liquidity for the 100x orderbook (and also other DEXs and CEXs).
Airdrops πͺ
Infinex, a new DEX built by Synthetix, will run a 30-day campaign starting May 13th. Users will be able to create an Infinex Account and deposit USDC to earn a share of 377M Governance Points (GP). After the campaign, top GP holders will gain priority access to the first Infinex integrations.
Mande Network, a RollApp chain built on Dymension, launched airdrop claim for DYM stakers. Stakers can claim their MAND airdrop proportional to the square root of their DYM stake.
Farms π§π»βπΎ
Stake your GHO to earn ~43% APR from AAVE and Merit Program
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50% APY on USDT
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