Today in DeFi - ZK Compression on Solana, Arbitrum Proposed ARB Staking, Bitcoin Dev to Launch Brollups L2, Free Airdrop on Modular L1, and more...

Launches 🚀

• Light Protocol and Helius Labs partner to launch ZK Compression, a new tech that allows applications to scale on Solana. ZK Compression is live on Helius’ public zk-Testnet, with docs and codes available for developers.

• Roam, a DePIN project that uses DIDs to create a Wifi network, is live on Solana Mobile. Roam allows users to connect to over 3.5 million OpenRoaming spots and earn rewards.

• Midas, an RWA protocol backed by Coinbase Ventures, launched a new yield-bearing token called mBASIS. The mBASIS token is similar to Ethena’s sUSDe, which also uses a delta-neutral basis trading strategy to generate yield.

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Updates 📰

• Arbitrum launched Layer Leap, allowing users to bridge directly from Ethereum L1 to an L3 Orbit chain skipping L2.

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Upcoming ⏳

• Arbitrum DAO proposed ARB Staking, a mechanism that uses 50% of future surplus sequencer fees to improve the economic security of the DAO and incentivize more active participation in governance.

• Bitcoin developer Burak introduced Brollups, a new Bitcoin L2 that can support more than 90% of DeFi use cases, from NFT sales to token orders on DEXs.

• Ondo’s $USDY is one of the six selected applicants of the Arbitrum STEP Committee’s recommendations for Arbitrum Treasury diversification. Arbitrum will convert 6 million ARB into $USDY, which the allocation amount is second to BlackRock’s $BUIDL.

• Fluid will launch a DEX by the end of July. The Fluid DEX will introduce Smart Collateral, Smart Debt, and strategies that allow users to do more with their collateral and debt.

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Airdrops 🪂

• Solv Protocol upgraded its points system by adding Solv Points multipliers to more than 10 partnered dApps, enabling users to earn Solv points for BTCfi participation.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~20.81% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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Free Airdrop on Modular L1