Today in DeFi - zkSync EraLend Hacked, Optimism L2 PGN Live, Quest to Earn, and more...

zkSync EraLend Hacked

zkSync Era-based lending protocol EraLend was exploited and lost ~2.76m due to a re-entrancy attack. The team has temporarily paused borrowing, USDC supply, and SyncSwap LP supply while investigating and tracing the lost funds.

OP L2 PGN Live

Public Good Network(PGN), an L2 OP chain for funding public goods, is live. PGN enables devs to generate funding for public goods by running dApps on PGN and users get an affordable alternative to the Ethereum mainnet.

Arbitrum Odyssey Returning

Arbitrum community is relaunching Odyssey 2.0 to support the ecosystem. Around August, users will be able to engage with projects including SpartaDEX, GMX, Dopex, Alchemix, FactorDAO, PlutusDAO, etc. to earn rewards.

Avalanche to Invest in RWA

Avalanche Foundation introduces Vista, a program to allocate $50m to purchase tokenized assets minted on the Avalanche blockchain. Assets could be equity, credit, real estate, commodities, as well as those that are blockchain-native.

Evmos 2.0

Evmos is launching 2.0 on Aug 2. The new version will enable StakeFi & IBC composability, improved tokenomics, and software licensing.

Y2K Depeg Vaults

Y2K finance launches Depeg vaults with initial support for MAI and MIM. Users are able to predict directions via "ABOVE" or "BELOW" strikes on stablecoin pegs.

Quest to Earn, …