Today in DeFi - Woo X Hedge Mode, SNX Buyback and Burn, Ondo Points, Risk Management with Airdrop Potential, and more...

Updates 📰

• Woo X launches Hedge Mode. Traders can hedge their trades by opening both long and short positions on the same perp symbol without having to close either of their positions.

• Myso Finance has integrated tBTC with loan offers, allowing users to use USDC as collateral and borrow tBTC. Borrowing tBTC gives users downside protection on their Bitcoin exposure, as they can repay the tBTC at any time before expiry and reclaim their locked stablecoin collateral.

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• Syntehtix Andromeda Release is coming to Base L2. A key mechanism coming with the release is that 40% of Perps V3 fees will be allocated to buying back and burning SNX tokens using Yearn-inspired contracts.

• Clearpool introduces Credit Vaults. Credit Vaults will enable greater control and customization options for borrowers, and incentivize lenders with higher interest rates.

• Aave is running a temperature check vote on potential PYUSD deployment on Aave’s Ethereum pool. The vote ends Jan. 11th and follows a PYUSD activation on Curve in late December.

Airdrops 🪂

• Ondo announces the Ondo Points program. The points can be earned by participating in three campaigns: Wasted Stablecoin Interest Competition, Ondo Community, and Ondo Ecosystem.

• Merchant Moe launches the MOE airdrop. All users staking JOE in mJOE on our platform are now eligible to claim their share of the MOE airdrop.

• IntentX enables Bitcoin Double Points. For a limited time, users who trade Bitcoin will receive double points.

• Parcl is a Solana-based perps DEX for real estate synthetics. Parcl Points program has been running for a while, users can earn Points by trading & LPing on Pcarcl, & boost their scores by holding HOA NFTs.

Farms 🧑🏻‍🌾

• Maple Direct launches a new Opportunistic High Yield USDC pool with good yield for lenders.

• Notional offers good fixed APY on USDC and FRAX pool on Arbitrum.

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Risk Management with Airdrop Potential, …