TodayinDeFi - $5.87M EigenLayer Fund Drained, Penpie Compensation Plan Draft, Chainless Swap Musubi Live, Usual to be Live on L2s, and more..

Oct 07, 2024

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Musubi, the chainless swap venue by Kinto, is live now. Musubi finds the best liquidity across chains, executes swaps, and returns assets to users’ non-custodial Kinto wallet, helping users to reduced slippage, lower gas fees, access best liquidity regardless of chain, and safe the efforts to understand complex bridging processes.
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.
- Today in DeFi is supported in part by Covalent

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

Avalon joins forces with BSquared Network, Pell Network, and Lorenzo Protocol for Gold Miner Campaign, a BTCFi event built on BNB Chain. Participants can earn up to 30% staking APY from participating projects and accumulate tickets for a chance to win a share of up to 1 BTCB and 11 BNB. Gold Miner Event kicks off on October 4th and will run for 3 month.
Inverse’s DOLA expands on Base with Pancakeswap. Currently DOLA stands as the second largest stablecoin on Base and the largest decentralized one. The new DOLA-USDC pool on Pancakeswap now offers 128% APY for liquidity providers.
MoonDeng, the memecoin from Solana, is now available on DePerp Perp markets on Base with up to 10x leverage.
Bedrock's Arbitrum Bitcoin Uprising will start today. Liquid restake your Bitcoin on Arbitrum with Bedrock to share 150K ARB reward pool exploring partner DeFi protocols such as Ramses, Pancakeswap, Tea House, Camelot, etc.

EigenLayer reported that they have been drained 1.674M EIGEN (worth ~$5.87M). The attacker swapped the stolen EIGEN for USDC. Most of the stolen funds have been transferred to HitBTC, while ~5K USDC was sent to Kraken.
Penpie’s first draft of hack compensation plan is now live on the governance forum and under discussion. The proposal introduces the SAFUPIE insurance mechanism. Penpie will transfer $27 million to SAFUPIE with corresponding 27 million SRT (SAFUPIE Recovery Token) minted and distributed to the affected users. SRT holders can choose to redeem for other assets, hold for participation in SAFUPIE governance and revenue sharing, or bid for assets recovered from hackers in the future.

Usual announced partnership with LayerZero to bring Usual to L2s. At the moment Usual has $250M TVL and 11K active users on Ethereum. The integration is expected to further expand the utility of USD0 across broader ecosystems.

Stake your GHO to earn 16.38% APR from AAVE and Merit Program
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Beethoven’s wstETH/wrsETH now offers 18% APY. You can now earn OP reward from Optimism, LST yields, and LRT yields on top of LP fees.

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