Today in DeFi - Scroll's Airdrop Available, Grass Foundation Airdrop One Details, Elixir Mainnet Phase I Launching Soon, ETH Farm: Earn Good Risk Adjusted APY from Curated Vault, and more..
Launches π
Azura has launched a trading platform that focuses on streamlining DeFi interactions. The project received $6.9 million in funding, led by Initialized, with participation from Volt Capital, Winklevoss Capital, and other investors. The platform facilitates trading across major EVM chains and Solana.
Covalent's EWM Light Client Testnet is live, offering rewards for securing Ethereumβs historical data. Participants can earn 20-25% APY and gain early access to the mainnet. For more information regarding the EWM Light Client, visit here.Β
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Ostium Labs has introduced Strategies, an app that automates trading based on US election data and prediction markets, such as Polymarket. Users have the option to select a prediction, take long or short positions on related assets, and automate trades through Ostiumβs platform.
Solayer has launched BGSOL, which is identified as the first restaking asset (LRT) on Solana, backed by Bitget. BGSOL provides liquid staking rewards and automated AVS delegation, enabling holders to earn staking yields while focusing on transaction processing.
DIAβs new Rollup-Powered βLuminaβ Reimagines Oracles
Discover Lumina, DIAβs cutting-edge new oracle stack, delivering the most trustless and verifiable data feeds in DeFi through its native βLasernetβ Ethereum Layer-2 rollup.
The DIA utility token β the gas token of the Lasernet, captures value generated by data usage revenue and redirects it to stakers, nodes and holders, setting the foundation for an economic flywheel βDIA staking is on the horizon, weβve heard.Β
Today in DeFi is supported in part by DIA
Updates π°
The Grass Foundation has introduced Airdrop One, which allocates 100,000,000 GRASS tokens to early node runners and community members as part of its effort to decentralize control of the Internet. The GRASS token is designed for governance, staking, rewards, and bandwidth access on the Grass Network. Further details regarding eligibility and allocations are available here.
Pump.fun has rolled out a feature that allows users to tokenize videos on its platform. Users can upload a video, select a thumbnail, and customize the coin to enhance the visibility of their content on the main page.
Upcoming β³
Elixir plans to launch Mainnet Phase I on October 31, 2024, which will be the initial step towards achieving full decentralization of the Elixir Network. This phase will include the genesis institutional validator program and stability testing of the network prior to the transition to the public mainnet. Following the public mainnet launch, eligible users will have the opportunity to claim ELX, operate validators, or delegate ELX.
Skate is approaching its mainnet launch, currently reporting 95% completion. Updates will be provided as the platform nears full release.
Thunderhead has introduced StakedHYPE, an asset aimed at increasing yield across various HYPEREVM applications through staking rates. Features include non-custodial governance by users, usability as collateral in DeFi protocols, tradability on spot order books, and access to deep HYPE liquidity on its native AMM.
Axelar Network, a programmable Web3 interoperability platform, is preparing to scale internet applications for a larger user base. The focus is on unlimited scalability, tokenization, and liquidity, with a significant development anticipated on October 24, 2024.
Uniswap Labs has generated interest with a lighthearted response to Crypto: The Game, suggesting the potential introduction of a S3 light mode.
Airdrops πͺ
Scroll has introduced its First Airdrop to acknowledge the contributions of its community in achieving success. Eligible recipients can begin claiming tokens starting October 22, 2024, at 07:00 UTC. The airdrop will be available for 90 days, and users can visit the Airdrop Claim Page to claim their tokens securely.
Contango plans to launch the $TANGO token, accompanied by an airdrop for early users based on accumulated points. Each point will convert into three oTANGO tokens, with at least 12% of the total TANGO supply allocated for this airdrop. The oTANGO token serves as an option to redeem TANGO at a discount, with the discount determined by TANGO's market price.
Kroma has announced the $KRO Season 1 Airdrop, scheduled for October 30, 2024, at 1 AM UTC. This airdrop rewards early supporters, partners, and builders who contributed to Kromaβs ecosystem.
Magic Eden has confirmed its participation in Berachain, set to begin on the first day of Q5. The platform has launched a special Berachain splash page where users can secure an allowlist for top projects, view key participants, and trade existing Bera collections on Arbitrum and Ethereum.
Pencils Protocol has partnered with iZUMi Finance to launch the $SCR TGE Campaign on the Scroll ZKP network, offering a giveaway of $100 USDT to ten participants. Winners will be announced within 48 hours.
Jumper Exchange has partnered with Pear Protocol to distribute 0.5% of their native token, $PEAR, to holders of the Jumper Loyalty Pass (JLP). Eligibility requires users to have a JLP level of 8 or higher with the "perp_oors" trait or a JLP level of 17 or higher. The distribution period runs until December 31.
Talent Protocol plans to launch its $TALENT token on October 29 at 12:00 PM UTC. The token is intended to support an open reputation ecosystem and will be available on the Base network, followed by listings on exchanges.
Kelp DAO has announced that claims for SCR tokens by Kelp Gain users are now available on the Scroll network. A step-by-step guide is provided for users to claim their tokens through the Kelp dApp.
Aryze has commenced its public sale on Fjord Foundry, allowing users to purchase $RYZE tokens.
Veda Labs has launched Veda points, offering users a 100-point bonus for visiting their app. Users who have engaged with Veda products through partner platforms, including EtherFi, Lombard Finance, Corn, Usual Money, or Elixir, have accrued points.
Nayms has officially launched the $NAYM token, aiming to introduce liquidity to insurance as an asset class. The Nayms team has expressed appreciation to their supporters, partners, and community for their support of the project's vision.
Farms π§π»βπΎ
Stake your GHO to earn ~14.79% APR from AAVE and Merit Program
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ETH Farm: Earn Good Risk Adjusted APY from Curated Vault
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