Today in DeFi - Solana Congestion Issues, Fantom Memecoin Framework, Ton Universal Basic Smartphone, -1-click Token Diversification with Airdrop Potential, and more...

Launches 🚀

• Fantom announced the launch of Fantom's canonical stablecoin, USDC.e, supported by Circle and Wormhole. It will be the official, endorsed stablecoin of the Fantom ecosystem (and all future network upgrades).

• UniswapX is live on the Uniswap web app interface. UniswapX offers better prices by aggregating liquidity sources, with gas-free swaps and MEV protection.

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Updates 📰

• Gains Network has boosted the burn rate to 15% on Arbitrum for DAI trades, meaning that 15% of traders' losses will be used to buy back and burn GNS.

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Issues 🚨

• Solana experienced network congestion as more projects and users flocked to use its ecosystem. Anza, a Solana-focused development firm, is testing a patch and will release fixes for the validator client implementation this week.

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Upcoming ⏳

• Andre Cronje announces ongoing due diligence and plans to create a framework for issuing community meme coins on Fantom.

• Oyster Labs and TON introduced Universal Basic Smartphone (UBS), a smartphone for Telegram users. The presale is live with the pre-order price sitting at $99.

• Kava will release Kava AI and AI Marketplace. Kava AI is a decentralized chatbot that will be governed by the community and fully open source.

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Airdrops 🪂

• Feeturn, a protocol that gives users cashback on referral fees when trading on perp DEX, is currently offering a campaign: link your wallet and trade on the platform to earn a $10 cashback bonus

  • Today in DeFi is supported in part by Feeturn

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Farms 🧑🏻‍🌾

• Supplying GHO liquidity on Gearbox earns ~47% APY

  • Today in DeFi is supported in part by ACI

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Ecosystem Fund Proposal, 1-click Token Diversification with Airdrop Potential, …