Today in DeFi - Radiant Hacked for $4.5M, Goldstation Gold RWAs on Klaytn, SolBlaze Launching Points, Fixed Rate Loans with Airdrop Potential, and more...

Launches 🚀

• Goldstation, a gold-backed RWA platform, is live on Klaytn with GPC (Gold Pegged Coin) available. South Korean users can now convert their physical gold holdings into NFTs via The Mining Club, and then use the NFT as collateral to mint $GPC.

Updates 🆕

• Cosmos-based cloud computing protocol Akash approved to increase the community pool tax to 40% to fund provider and tenant incentives while increasing inflation from 8% to 13%.

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Hacks 👾

• Cross-chain lending protocol Radiant was hacked for 1,900 ETH (~$4.5 million). The root cause is a time window exploit in a newly launched USDC market. The Radiant DAO Council has temporarily paused lending/borrowing markets on Arbitrum while the issue is investigated further.

Airdrop 🪂

• Solana liquid staking protocol SolBlaze will launch SolBlaze Points once the user-staked SOL reaches 2M (target reached as of writing).

• Pontem Network launches a bounty program with a monthly reward of $1,600 to participants ($800 awarded in each two-week cycle) and extra rewards such as NFTs. Bounty tasks include on-chain/off-chain activities, such as Liquidswap challenges, writing a Twitter thread, etc.

• Dymension, an L1 blockchain for RollApps, launches Genesis Rolldrop. Eligible participants, including users on Celestia, Ethereum, Cosmos, and Solana, can claim up to 70M DYM (7% of total supply) by visiting the Genesis page.

Farms 🧑🏻‍🌾

• Delta Prime offers good yields on USDC and USDT on Avalanche.

• Solana-based Mango DEX offers a good yield on USDT deposits.

High Yield Stable Farms, Fixed Rate Loans with Airdrop Potential…