Today in DeFi - SEC Ends Investigation into Stacks Bitcoin L2, Polyhedra Introduces ZKJ Chain, Sanctum Week Begins, >20% APR and Points on ETH, and more...

Updates 📰

• The SEC has concluded a 3+ year investigation into the Stacks blockchain and Hiro Systems with no recommended enforcement action.

• Drift has launched Drift Earn with a revamped UX and supercharged lending yields (~10-40% APR). The yields come from cross-margin perpetual trading yields.

• zkLend has enabled claiming for the ZEND deposits and STRK DeFi Spring rewards.

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Upcoming ⏳

• Polyhedra introduced ZKJ Chain, a new Layer-1 blockchain for joint computing enabled by zero-knowledge.

• MakerDAO announced an open competition to invest $1 billion in tokenized U.S. Treasury offerings. RWA issuers including BlackRock’s BUIDL, Superstate, and Ondo Finance, are preparing to participate in MakerDAO’s initiative.

• Radiant announces an upcoming launch on Base L2 in July.

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Airdrops 🪂

• Sanctum has begun the Sanctum Week. Sanctum will publish a guide for the CLOUD launch on July 15, launch the LFT site and Alpha Vault on 16, and launch the CLOUD token & airdrop on 18.

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Farms 🧑🏻‍🌾

• Add your GHO on Spectra Finance to earn ~35.12 % APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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>20% APR and Points on ETH