Today in DeFi - Uniswap Launching L2 Unichain, Optimism Airdrop 5 Live, Deepbook Upcoming on Sui, World Liberty Financial Seek Approval for Aave Instance, and more..

Oct 11, 2024

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Uniswap has unveiled its own Layer 2 solution, Unichain, aimed at advancing Ethereum's scaling efforts and catering specifically to DeFi users and protocols. Designed for speed, Uniswap promises near-instant transactions with block times of just one second, and sub-block times of 200-250 milliseconds to follow soon. Built on the Superchain framework, Unichain will enable fast, secure cross-chain transactions with native interoperability, and is expected to cut gas fees by 95% compared to Layer 1.
Covalent's EWM Light Client Testnet is live, offering rewards for securing Ethereum’s historical data. Participants can earn 20-25% APY and gain early access to the mainnet. For more information regarding the EWM Light Client, visit here.
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ArtRun, a new platform powered by Zora on Base, has launched. ArtRun allows users to mint and trade "artcoins"—a fusion of memecoins and NFTs. Users can mint RUN tokens on ArtRun for 24 hours, after which the NFTs will be converted into ERC-20 tokens, with liquidity available via Uniswap pools.

Discover Lumina, DIA’s cutting-edge new oracle stack, delivering the most trustless and verifiable data feeds in DeFi through its native ‘Lasernet’ Ethereum Layer-2 rollup.
The DIA utility token – the gas token of the Lasernet, captures value generated by data usage revenue and redirects it to stakers, nodes and holders, setting the foundation for an economic flywheel —DIA staking is on the horizon, we’ve heard.
- Today in DeFi is supported in part by DIA

World Liberty Financial (WLFI) has submitted a governance proposal to Aave's forum to deploy an Aave V3 instance on Ethereum Mainnet. If approved, this move will support the DeFi expansion of WLFI's forthcoming token. Additionally, WLFI plans to build on Scroll, pending governance approval.
Sky has introduced new rewards for USDS suppliers on Aave, with 50,000 USDS allocated weekly to kickstart incentives, which will later align with the current sUSDS rate of 6.5%. A 3.33 million SPK pre-farming airdrop will also be distributed monthly.
Lista is partnering with Binance to enhance BNB’s utility. Users can now deposit BNB as collateral on Lista to mint clisUSD or borrow lisUSD with opportunities to still mine rewards from Binance Launchpools. Borrowers will also qualify for lisUSD borrowing incentives.
Pendle has added Sky's USDS to its PT/YT market, allowing users to lock in a fixed rate of 8.91% on USDS for March 27, 2025, or maximize exposure to SKY rewards while earning approximately 4% variable interest with YT.
Aevo and Hyperliquid have both listed Scroll’s SCR on their pre-launch markets. Users can trade SCR with perpetuals, offering up to 10x leverage on Aevo and up to 3x leverage on Hyperliquid.

Deepbook V3, along with the DEEP token, will officially launch on Sui on Monday, October 14. As the latest iteration of the Central Limit Orderbook (CLOB), Deepbook V3 builds on the success of its predecessor, which handled over $5 billion in on-chain trading volume, was called by more than 740,000 unique wallets, and generated over 90,000 SUI in on-chain gas fees. Since its testnet deployment on August 28, 2024, Deepbook has undergone extensive testing and audits, attracting 120,000 unique wallets and processing over 1.1 million transactions. DEEP will be available on both centralized and decentralized exchanges on Sui, aiming to incentivize liquidity provision on Deepbook with continuous market support.
Contango is preparing to launch its TANGO token via Fjord Foundry’s Fixed-Price Sale (FPS) mechanism on October 21 at 12:00 UTC. FPS allows for token distribution through a first-come, first-served process with a fixed price throughout the sale. Since its inception less than a year ago, Contango has processed over $3.4 billion in trading volume, with open interest recently hitting an all-time high of $350 million. The platform previously raised $4.5 million in December 2021 at a $45 million valuation, backed by more than 40 investors, including Parafi, Coinbase Ventures, and Spartan.

Optimism Airdrop #5 is now live, distributing over 10 million OP tokens to more than 54,000 unique addresses. Approximately 550 million OP tokens remain for future airdrops.
Swell has launched its airdrop checker, allowing users to verify their allocation and learn how to restake for rSWELL, which will help secure Swell's Layer 2 while offering additional rewards.
Matchain’s LOL airdrop is also live, enabling users who completed tasks in the mini-app to claim their rewards.
Story Protocol has unveiled its new mascot, Ippy, alongside new tasks that will contribute to future airdrop allocations. Story Protocol, backed by $140 million in funding from a16z, Polychain Capital, and SamsungNext, is designed to create, manage, and license intellectual property on the blockchain. Users can now create their Ippy and Neighbors on the Story testnet to trade with others.

Stake your GHO to earn ~16% APR from AAVE and Merit Program
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