Today in DeFi - Thales Tokenomics V2 Live, Proposal: IndexCoop ETH2x & BTC2x, NEAR Linear Genesis Airdrop, Decentralized Lending with Weekly Rewards, and more...
Updates π°
Thales Protocol launched THALES tokenomics V2. V2 enables new protocol rewards, open access to AMM LP pools, a 62% decrease in weekly staking rewards emissions, and cross-chain staking.
Solana perps DEX Drift introduces Market Maker Vaults. After depositing, each Vault will pool depositor capital together to provide bid & ask quotes on Driftβs order books, maximizing returns while minimizing risk exposure.
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Index Coop core team proposes to launch the Ethereum 2x (ETH2x) and Bitcoin 2x (BTC2x) leverage tokens on Ethereum. The proposal also seeks to deprecate the FLIs and migrate any remaining capital to the new tokens.
Frax Finance is launching Fraxtal (frax chain) in 2-3 weeks, and the team proposes the deployment of Curve on Fraxtal. If Curve deploys on the Fraxtal launch, then Curve LPs/TVL will qualify for additional FXTL points and blockspace incentives reserved for strategic launch partners for Fraxtal.
QiDAO is voting to approve USDM as collateral to mint MAI via a PSM vault on all Ethereum Layer 2s where available. USDM is a yield-bearing stablecoin issued by Mountain Protocol.
Aave governance proposes the GHO cross-chain strategy to deploy GHO across multiple blockchain networks.
Kujira mentioned in a development summary thread that with the SDK upgrade the team will launch Perps (a futures product) initially as a high-leverage Forex platform.
Lido on Solana frontend support will end on February 4th, 2024. Users are recommended to unstake stSOL before the date. After this point, unstaking will only be possible using the CLI.
Airdrops πͺ
NEAR retaking protocol LiNEAR introduces LNR Governance Token with Genesis Airdrop. Until April 15, 2024, 12:00 UTC, eligible users can visit https://app.linearprotocol.org/airdrop to check eligibility and claim their rewards.
Rollup-as-a-service protocol AltLayer announces the token launch and airdrop to early supporters, including NFT holders, campaign participants, and EigenLayer/Celestia stakers.
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