Today in DeFi - Uniswap Received Wells Notice from SEC, Nomic stBTC on Testnet, Sui Gaming Device, >80% on Stables, and more...

Launches 🚀

• Nomic launched stBTC on testnet. stBTC is a Bitcoin liquid staking token powered by the Bitcoin staking protocol Babylon. Nomic will implement Babylon’s Bitcoin staking solution to make Nomic dual-secured by staked NOM and BTC via Babylon.

• Layer N, a new type of layer 2 that operates as an execution layer for rollups, launched Public Testnet Phase I. At this phase Layer N allows developers and users to experiment with NordVM, an app-specific rollup optimized for asset exchanges.

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Issues 🚨

• Uniswap received a Wells Notice from the SEC on Wednesday. A Wells Notice is a formal notice that the SEC intends to bring charges against a respondent.

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Updates 📰

• IndexCoop High Yield ETH index (hyETH) presale is live. Presale supporters will be incentivized with IndexCoop’s Product Revenue Tokens (PRTs). PRTs offer presale participants a share of product revenue after it is launched.

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Upcoming ⏳

• Sui Network announced SuiPlay0X1, a we3 handheld gaming device powered by gaming OS company Playtron. SuiPlay0X1 will be available in stores in 2025 and users can now join the waitlist.

• 1inch announced the 1inch Card in partnership with MasterCard. The 1inch Card will allow users to use their crypto for online and in-person purchases, and make cash withdrawals at supported ATMs through crypto to fiat conversion.

• Jupiter's founder announced upcoming upgrades to tackle recent issues. The upgrades include redesigning Jupiter markets and token system, a new token listing approach, Oracle solutions, etc.

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Airdrops 🪂

• Swell L2 pre-launch deposits are live. Depositors can earn airdrops from Swell & projects on Swell L2, a share of 1M EigenLayer points, and points & yield of deposited assets.

• Napier launched Llama Race and Quest 1, allowing users to earn Napier Points.

• Feeturn, a protocol that gives users cashback on referral fees when trading on perp DEX, is currently offering a campaign: link your wallet and trade on the platform to earn a $10 cashback bonus

  • Today in DeFi is supported in part by Feeturn

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Farms 🧑🏻‍🌾

• Maple Finance offers good yields on USDC, BTC, ETH, and SOL lending.

• Supplying GHO liquidity on Gearbox earns ~49% APY

  • Today in DeFi is supported in part by ACI

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Tokenomics 2.0, Product Upgrade, >80% on Stables, …