Today in DeFi - TUSD Depegs, Term Finance Supports Liquid Restaking Tokens, Solana Saga 2, Good Yields on Base, and more...

Issues 👾

• TrueUSD fell below its peg as over $339M of TUSD was traded for USDT on Binance, and reported difficulties posting real-time attestations of its reserves. One speculation on the sell-off related to the TUSD not being listed as one of the assets on Binance’s Manta (MANTA) launch pool initiative.

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Updates 📰

• Fixed-rate lending protocol Term Finance launches lending markets backed by EigenLayer liquid restaking tokens (LRTs). Users can borrow against weETH (ether.fi LRT ) while earning EigenLayer restaking points.

• Modular L2 Manta Network releases tokenomics for MANTA, covering token utility on Manta Pacific & Manta Atlantic, token allocation, and broken release schedule.

• stETH yield generating protocol Asymetrix launches Mini pools. Mini pools are specially designed pools that increase the chances of smaller depositors receiving weekly rewards.

• Spark Finance launches the Lido Rewards Campaign. 20 wstETH from Lido go to wstETH suppliers until February 13th at 00:55 UTC.

Upcoming ⏳

• According to Coindesk, Solana Mobile plans to launch a second smartphone with similar basic features to the first generation. The second phone will come with a built-in crypto wallet, custom Android software, and a dApp store, with a lower price and different hardware.

• MakerDAO encourages all DAI users on Starknet to transfer or migrate their DAI before the Starknet Regenesis deployment coming next week, as native DAI on Starknet is non-upgradable.

• Sturdy community proposes making STRDY transferrable as Sturdy V2 is about to launch, and the market condition has significantly improved.

• Aave DAO proposes a temp check on V3 MVP deployment on Neon EVM Mainnet with a cautious initial rollout of a few assets - SOL, mSOL, jitoSOL as collaterals, and USDC as a borrowable asset.

• TrueFi DAO proposes increasing stkTRU staking rewards from 0 TRU/day to 5,000 TRU/day to attract more participation in staked TRU (stkTRU) governance.

• NFT-focused L2 Frame is set to launch on Jan 31, with a Chapter 2 airdrop coming for creators and developers.

Airdrops 🪂

• Ajna tokens can now be claimed on Summerfi. Claimable tokens are accrued during V1, and new rewards and new "Bonus Rewards" will be claimable on Jan 19th, and then each week, users can claim the previous week's earned tokens.

• Solana perps DEX Drift to launch Drift Points, with full details dropping next week.

• DeBank Rabby wallet hints at a snapshot for a potential airdrop.

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