Today in DeFi - Sturdy V2 Live, DeltaSwap Feeless Spot DEX, Magic Eden Rewards, Buy ETH at a Discount, and more...

Launches 🚀

• Sturdy launches V2. V2 employs a two-tier architecture and can isolate risk between pools without creating liquidity fragmentation. Users can deposit to aggregators with ETH, pxETH, or crvUSD to earn high returns + $STRDY rewards. Borrows will be enabled in one week (Jan 30).

• UMA protocol launches Oval, an oracle that enables protocols to capture MEV that is created as a result of Chainlink price updates. Oval wraps Chainlink data feeds allowing lending protocols to capture Oracle Extractable Value (OEV, a subset of MEV).

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Updates 📰

• Sushi relaunched Sushi Bar, a feature that allows users to stake their SUSHI in exchange for xSUSHI and share 0.05% of the trading fees.

• MakerDAO RETH-A vault type is being offboarded from the protocol. The RETH-A maximum debt ceiling has been reduced to zero, and an upcoming Executive Vote will deploy parameter changes to complete the offboarding process.
  Meanwhile, Spark Finance continues to offer rETH as a collateral asset.

Upcoming ⏳

• GammaSwap introduces DeltaSwap, an upcoming commission-free DEX for spot token trading. DeltaSwap is a canonical Uniswap V2 style CFMM using the x*y=k formula but with no fees, and thus with tradeoffs on capital efficiency and slippage/MEV.

• Clearpool released a Roadmap for 2024 with new products, pools, and improvements such as the Credit Vaults, new $CPOOL Staking Model & Protocol Governance, Collateralized Lending, Clearpool Prime V2, etc.

Airdrops 🪂

• Magic Eden Rewards are introduced. Over the next few months, the team will bring the program to reward activities on the marketplaces across Solana, Bitcoin, Ethereum, and Polygon. The team is also integrating rewards into the upcoming Magic Eden wallet so users can start earning Diamonds there at a later date after launch.

• Rabby Wallet launched Rabby Points. Initial Rabby Points have been dropped to EVM addresses based on the wallet balance at the snapshot date. Users can still earn points by migrating from MetaMask, referring new users, and swapping/ topping up gas on Rabby.

• Solana Drift protocol launched Drift Points. Users can earn points weekly based on their trading activity and can see their rank on the leaderboards. For OG users, the team has taken a snapshot. The Points program will only run for 3 months max.

• Eigenpie will launch with a fair-launch approach with a points program. For each ETH LST deposited in Eigenpie, users earn 1 Eigenpie Point per hour. Holding more LSTs boosts user points, enhancing eligibility for the EGP token airdrop and IDO allocation.

• Kamino Lend now offers the lowest rates in Solana by a large margin and 5x points on borrows.

Farms 🧑🏻‍🌾

• IdleDAO USDT yield tranches on Clearpool offer boosted returns for both junior and senior on Polygon zkEVM.

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