Today in DeFi - SEC Approves ETH ETFs, Usaul Introduces USD0, Stepn Announces Stepn Go, Farm Airdrops by Depositing $ETH, and more...
Launches π
Usual, a stablecoin issuance protocol, launched its website for early access. Usaul introduced Liquid Deposit Token (LDT) and the first LDT USD0, a stablecoin backed by RWAs with a short maturity.
Splice, a Pendle-forked yield trading protocol, is live on Mode L2. Splice has launched a few LRT yield markets, allowing users to earn yields & points, or buy discounted assets.
Updates π°
The SEC has approved 19b-4 forms for 8 spot ETH ETFs including BlackRock, Fidelity, Grayscale, etc. The SEC has also begun discussions around S-1 registration statements. S-1 needs to be effective before ETF trading can begin.
Bancor enabled Overlapping Liquidity (Concentrated Liquidity 2.0) on Carbon AMM on Ethereum, Base, Fantom, Mantle, and soon on Sei V2. Overlapping Liquidity auto-compounds gains for LPs to increase capital efficiency by 80%.
Myso Initial Open Offering (IOO) is live. Users can use USDT, USDC, and exclusive collateral tokens (mETH, rETH, wstETH, etc) to purchase $MYT.
Issues π¨
ClayStack, a DVT-based restaking protocol, will sunset the protocol due to a lack of resources and product-market fit after three years of operations. The website is now withdrawal-only and after June 10th, all the withdrawals will be immediate without any waiting period.
Upcoming β³
Stepn introduced Stepn Go, a social lifestyle app that allows users to earn rewards by staying active and using digital Sneakers. $GMT holders can lock their $GMT to enter raffles to win one of the first 6,000 STEPN GO Sneakers.
Zeta Markets released the whitepaper of Zeta X (ZX), a trading-focused DeFi L2 on Solana. Zetaβs $Z token will be the native gas & incentive token on ZX L2. ZX mainnet is expected to launch in Q1 2025.
Airdrops πͺ
Equation V3 is live, allowing users to trade perps with 0 trading fees + 150x leverage.
Equationβs Weekly Trading Competition & Profit Rate Mining are also live.
Traders ranking in the top 10 on the profit rate leaderboard will receive USDT prizes, and extra rewards for ranking in the top 3 (1st $2000, 2nd $1000, 3rd $500)
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Farms π§π»βπΎ
Stake your GHO to earn ~40% APR from AAVE and Merit Program
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Farm Airdrops by Depositing $ETH
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