Today in DeFi - AO ArFleet Launch, OpenSea Receives Wells Notice, Predict.fun Launches Soon, Try New zk-Tech for Airdrop Potential and more..

Launches 🚀

• AO has launched ArFleet, a temporary storage solution built on Arweave and AO. It provides cost-effective short-term data storage and content retrieval services, complementing Arweave’s permanent storage capabilities.

• Stacks, a Bitcoin Layer 2 enabling smart contracts and apps with Bitcoin as a secure base layer, announced its Nakamoto Upgrade, activated on August 28, 2024. This upgrade introduces significant improvements to Bitcoin's DeFi capabilities, boosting transaction speeds to around five seconds and soon launching sBTC, a decentralized asset backed 1:1 by Bitcoin.

• Frax Finance has launched the Frax Name Service (FNS), a fork of Ethereum Name Service (ENS) tailored for the Frax ecosystem. FNS enables users to secure .frax usernames and burns FXS tokens in the process.

• Spectra Finance has introduced Balanced and Advanced modes for liquidity providers. Balanced Mode optimizes LP and YT token allocation for new providers, enhancing pool efficiency. Advanced Mode allows for adjustable YT conversion into LP tokens, impacting the entry price.

---

End of summer sale! 🌞

Enjoy 25% off Premium Subscriptions before August 31, 2024

---

Updates 📰

• Router Protocol has integrated its Router Chain with Osmosis, expanding Osmosis's connectivity to over 25 EVM and non-EVM chains. This integration allows users to move $USDC, $USDT, and $TRX between these networks and introduces Alloyed USDT and Alloyed TRX on Osmosis to improve liquidity management.

---

Issues 🚨

• OpenSea has received a Wells notice from the SEC, indicating potential legal action on the grounds that NFTs on the platform may be considered securities. OpenSea is prepared to challenge this position, arguing that NFTs are creative goods rather than financial securities.

• Orderly Network announced that its official Discord channel had been compromised and warned users not to click any links until further notice. The team has since confirmed that their Discord server is now secure, allowing users to safely click links and resume chatting.

• Aevo announced that they will be delisting SLERF perpetuals on September 2 at 8:00 AM UTC. All positions will be settled at the mark price, with trading paused 30 minutes prior to delisting.

---

Upcoming ⏳

• Predict.fun, a yield-bearing prediction market built on Blast, will launch on Tuesday, September 3. The platform will feature over 499,000 Blast Gold reserved for liquidity providers in its first month and offer native yield earnings on every bet placed.

• The Cryptex subDAO is proposing an 8-week pilot liquidity program to boost the CTX/USDC pool on Aerodrome. With a $25,000 budget, the program aims to increase liquidity and yield through weekly incentives, offering a 10% revenue share if the campaign breaks even. Voting ends on August 31, 2024, at 8:00 PM.

• Binance’s BNSOL is set to launch soon.

• Bybit’s bbSOL is set to launch soon.

---

Airdrops 🪂

• Galxe has launched the Base Bonanza watchlist campaign in collaboration with Base and GalxeQuest. This campaign will showcase innovative platforms, products, and projects within the Base ecosystem.

• AO has opened $DAI deposits for its $AO token minting, with rewards starting September 4, 2024. The minting follows a Bitcoin-like model, with 21 million tokens distributed to the community.

• Merkle Trade, a gamified perpetual futures DEX on Aptos, has launched its Token Generation Event (TGE) Sequence, featuring a Liquidity Bootstrapping Auction (LBA) running from August 29 to September 5, 2024.

• Sonic Labs has launched Series 3 of "The Road to Sonic," where participants can earn the third Shard by interacting with PolterFinance, DegenExpress, and Beethoven X.

• Fuse Network, an EVM-compatible blockchain, announced that their Season 2 Airdrop claiming is now live. Users can claim their rewards and mint them on the Layer3 portal.

• eBTC is launching a new minting incentives campaign in collaboration with Merkl. The program offers a 10% APR with a $30,000 monthly cap and bi-weekly $BADGER rewards distribution. Rewards are distributed in real-time through Merkl and retroactively to current minters.

• GammaSwap is launching its $GS token, with details about the platform and how to utilize the liquidity bootstrapping pool (LBP) opportunity.

• ACI has announced the start of “Endless Summer,” which include +100k USDC per month in incentives to Aave users on Base and 13k AVAX per week for users on Avalanche.

  • Today in DeFi is supported in part by ACI

---

Summer’s Not Over Yet! 🌞 – Save Big with Our End of Summer Special!

For a limited time, enjoy a 25% discount on our Premium Subscriptions, now through August 31, 2024.

If you’re on a budget, refer some friends and you could score up to 6 months of Premium for free

---

Get notified of daily DeFi news, project analysis, early airdrops, farming opportunities, and many more as soon as we publish. https://t.me/todayindefinews

For news tips and press releases reach us at news@todayindefi.com.

For sponsorships or partnerships, reach us at: support@todayindefi.com

---

Try New Zk-tech for Airdrop Potential