Today in DeFi - SEC Delays ETH ETF, SEC Sues Consensys, Lido, and Rocketpool, Mantle LSP Season 1 Live, Try Innovative New Chain for Airdropsand more...

Updates 📰

• The SEC returned the S-1 forms to ETH ETF issuers and asked them to fix the issues and refile before July 8th. This decision delays the original listing plan scheduled for July 2nd, and the new listing time is expected to be in mid-July or later.

• ArkInvest/21Shares files for spot Solana ETF following VanEck’s filling.

• Curve Finance has changed its fee distribution mechanism, transitioning from the 3crv token to Curve’s native stablecoin, crvUSD.

• GMX V2.1 is live on Arbitrum and Avalanche with UX optimizations, enabling a range of new vaults and added-value DeFi products.

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Launches 🚀

• Rarimo, a privacy-first ZK social protocol, launches RariMe app. Users can generate passport ZKPs and prove their age, citizenship, & humanity without revealing their identity.

• Synternet (formerly Noia), a data infrastructure L1, launches its mainnet on the Cosmos network. Users will be able to use $SYNT to access and pay for real-time data streams from various publishers across multiple blockchains.

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Issues 🚨

• The SEC sues Consensys over Metamask staking service and alleges Lido and Rocket Pool staking programs are securities.

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Upcoming ⏳

• Beracana, an undercollateralized lending protocol that allows up to 5x leverage farming, is launching on Berachain.

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Airdrops 🪂

• Mantle’s Season 1 of ''Methamorphosis'' is live. Starting July 1 at 12AM UTC and lasting for 100 days, users will begin accruing Powder daily across their $mETH positions on partner protocols. Powder will be convertible to $COOL, the future governance token for Mantle LSP.

• SuperBoring, a DCA trading dex powered by SuperFluid, is launching on Base with Airdrop 0 starting next week. BORING will be the platform’s token, used to stake on a community project token on Base to earn a portion of that market’s fees relative to other stakers.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~19.93% APR from AAVE and Merit Program

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