Today in DeFi - Term Structure Live on Mainnet, Connext Rebrands to Everclear, Nostra Announces Tokenomics, Try new intent-centric lending protocol with airdrop, and more...

Launches 🚀

• Term Structure, a fixed-rate lending and borrowing protocol, powered by zkTrue-up, is now live on the mainnet.

• Dydx launched its app and it’s now available on Android. All current features on the Dydx chain are available on the app.

• 3Jane, Derivatives Yield is live on EigenLayer. It unlocks a novel derivatives yield layer by enabling the collateralization of restaked ETH in derivatives contracts.

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Updates 📰

• Connext rebranded itself as Everclear while introducing the first “Clearing Layer”. Clearing Layers coordinate transactions between chains, netting fund flows before settling them on the underlying chains and bridges. Live test net starts today

• Dydx announced their upgrade to dYdX Chain v5.0. The software upgrade will execute at block 17,560,000. Estimated to be created on June 6 at 15:16 UTC

• Truefi is now deployed on Arbitrum, with the first two pools going live with Alphanonce and Gravity. The incentive program and the first pool launch will be announced soon

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Upcoming ⏳

• Nostra revealed their tokenomics for $NSTR, featuring a total supply of 100m tokens unlocked entirely at launch, with 11% distributed to the community through an airdrop. Launch events include an upcoming Snapshot, a Liquidity Bootstrapping Pool (LBP) running from June 10th to 13th, and the Token Generation Event (TGE) on June 17th, which includes the airdrop.

• Solv Protocol is integrating Ethena to introduce the first yield vault for SolvBTC, enabling users to earn yields from Ethena’s strategies while retaining exposure to Bitcoin.

• MakerDAO has opened a new proposal to onboard Etherfi’s weETH into SparkLend.

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Airdrops 🪂

• BadgerDAO has initiated round 3 of its airdrop by opening an eBTC CDP, which continues until June 23. Moreover, an additional 11stETH is rewarded by opening a CDP with ETH or WETH.

• Dyson Finance announced its upcoming Full Version launch soon on Linea, and in celebration, they are distributing OAT for early participation.

• Kinetix has kicked off its new event, Perps Week, starting today. Users can participate in tasks on Kinetix for a chance to earn from the $4,500 prize pool. Additionally, a surprise bonus awaits users who have minted 3 OAT.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~26% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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Try new intent-centric lending protocol with airdrop