Today in DeFi - Safe Acquired Sequoia-backed Multis, Ton DeFi Grants Program, Merlin Chain MERL Claim, >20% APR + Bonus LST Points on ETH , and more...

Updates 📰

• Safe acquired Multis, a crypto treasury management platform backed by Sequoia. Multis aims to help projects manage their treasuries by providing a single dashboard for making payments and dealing with accounting.

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Upcoming ⏳

• Ton Foundation announces the Open League DeFi Grants Program. The program aims to help projects launch and expand on the Ton blockchain with up to $300,000 in user incentives and up to $200,000 in grants per team.

• Ether.fi proposed to add weETH market to Compound V3 on Ethereum. The proposal explains that weETH and ETH can be used as collaterals for the market, and users who deposit weETH into Compound will accumulate Ether.fi and EigenLayer points for future incentives.

• Ondo teams up with Noble, a token issuance chain for the IBC, to bring USDY to the Cosmos ecosystem. With the expansion, Ondo’s yield-bearing tokens will be integrated with Cosmos chains, including Osmosis, dYdX, Celestia, etc.

• Arbitrum proposed changing Arbitrum Expansion Program to allow deployments of new Orbit chains on any blockchain. If approved, Arbiturm will collect the 10% chain profit revenue share on the new chain and migrate the funds into ArbitrumDAO’s treasury and the Arbitrum Protocol Guild.

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Airdrops 🪂

• Merlin L2 introduces the MERL token. 20% of $MERL will be distributed to users who staked in Merlin's Seal. The claim is now open, and tokens will be sent 6-8 am UTC 4/19.

• Avail, a modular chain built by former Polygon co-founder, launches airdrop. 600M AVAIL is allocated to eligible users, including developers, rollup users, and partner ecosystem stakers.

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Farms 🧑🏻‍🌾

• Supplying GHO liquidity on Gearbox earns ~30% APY

  • Today in DeFi is supported in part by ACI

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>20% APR + Bonus LST Points on ETH