Today in DeFi - Spot ETH ETFs Start Trading Tuesday, Avalanche Airdrops Memecoin Rush Participants, Scroll Rho Markets Exploit, Earn $OP by Doing DeFi Quests, and more...

Upcoming ⏳

• Five spot-ETH ETFs are set to launch on July 23rd, including VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton, according to the CBOE exchange.

• GMX proposes changing GMX’s current revenue distribution model from “Buyback ETH and Distribute ETH” to “Buyback GMX and Distribute GMX”.

• Avail, an infrastructure project built by the former cofounder of Polygon, is set to launch its mainnet on July 23rd.

• Redacted Cartel is rebranding to Dinero. $BTRFLY token will be converted to $DINERO at a rate of 1:2000 and will use a new staking mechanism to replace rlBTRFLY. The token migration from $BTRFLY to $DINERO will occur on July 22nd.

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Issues 🚨

• Scroll-based Rho Markets was exploited for $7.6 million. The Scroll team responded by temporarily halting the finalization of the blockchain to assess the situation. The attacker later contacted the Rho team, claiming the incident resulted from an Oracle misconfiguration rather than a deliberate hack, and offered to return the funds. Rho Markets has resolved the incident and reallocated the funds to the affected pools.

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Airdrops 🪂

• Avalanche airdropped AVAX to Memecoin Rush participants’ wallets.

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Farms 🧑🏻‍🌾

• Add your GHO on Spectra Finance to earn ~ 26.75% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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Earn $OP by Doing DeFi Quests