TodayinDeFi - AAVE v3.2 Upgrade, Sui Network Native $USDC, Solv Introduces the Staking Abstraction Layer, Binance Scroll (SCR) Launchpool and Pre-Market, and more..

Launches 🚀

• Aave DAO has launched the v3.2 upgrade, which introduces "Liquid eModes" and fully deprecates stable borrowing. eMode enables users to maximize borrowing by grouping assets with similar volatility, resulting in increased borrowing power. Liquid eModes provide flexibility by allowing single assets to be included in multiple eModes and offering granular control over collateral and borrowing. The upgrade also removes outdated features to enhance gas efficiency. All changes have undergone audits in five reports by four auditors.

• 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

• Layer3 has launched on Solana, focusing on creating a hub for next-gen transactions. With over 300,000 monthly users and more than 150 million transactions on EVM, Layer3 is partnering with various Solana protocols to integrate its app and distribution layer. Users can anticipate new leaderboards, rewards, CUBE credentials, and native staking utility with the $L3 token.

• Babylon Labs has announced that Cap-2 for Babylon Bitcoin Staking Phase-1 is now live. Users can participate by accessing the dashboard through the provided link to start staking their Bitcoin.

• LayerZero has officially launched on peaq, a Layer 1 blockchain centered on Decentralized Physical Infrastructure Networks (DePIN). This integration connects over 45 DePINs on peaq to more than 90 chains, enhancing scalability and compatibility with both EVM and Substrate ecosystems.

• Midas has launched its core product suite, offering globally accessible yield through two tokens, $mTBILL and $mBASIS, which provide 24/7 instant settlement, no minimum investment, and DeFi interoperability. Additionally, Midas has made mTBILL and mBASIS tokens available to retail traders, marking a first for a tokenization firm in the EU.

• Zest Protocol has launched early access for $BTCz, a liquid-staked Bitcoin that allows users to earn yield on their Layer 1 Bitcoin. Users can hold BTCz in their Stacks wallet to earn rewards, with the staking secured by Stacks for Bitcoin finality and powered by Babylon Labs.

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DIA’s new Rollup-Powered ‘Lumina’ Reimagines Oracles

• 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

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Updates 📰

• Sui Network has launched its native $USDC, becoming the first Move-based Layer-1 blockchain to partner with Circle. This stablecoin facilitates Web3 transactions, enabling users to make purchases, such as movie tickets and SuiPlay0X1, using on-chain transaction capabilities.

• Linea has proposed steps to transition its zkEVM to a permissionless system, highlighting decentralization through a proof-of-stake (PoS) model for block validation.

• EigenExplorer has launched a new dashboard intended to improve the restaking experience. This platform allows users to discover and engage with decentralized services while supporting their preferred projects.

• Thesis has introduced the BitcoinFi Stack, which aims to improve Bitcoin's usability and integration into everyday financial activities. This suite of tools is designed to expand Bitcoin's role from a store of value to a dynamic financial asset, facilitating its use in both traditional and decentralized finance (DeFi).

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Upcoming ⏳

• Solv Protocol has introduced the Staking Abstraction Layer (SAL), a framework designed to simplify Bitcoin staking across multiple chains. In collaboration with partners including BNB Chain, Ceffu, and Chainlink, SAL aims to address the complexities that have previously limited Bitcoin holders from participating in yield-generating activities.

• Hashflow has introduced Exchange OS (xOS), a universal ZK settlement layer that integrates RiscZero’s ZK prover with Celestia's data availability layer. This integration aims to provide provable on-chain settlement for off-chain transactions. By separating asset transfers from order matching, xOS seeks to reduce risks associated with centralized exchanges and facilitate independent verification of operations.

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Airdrops 🪂

• Binance announced the addition of Scroll (SCR) to its Launchpool and Pre-Market offerings. Users can lock BNB and FDUSD for SCR airdrops starting on October 9, 2024, at 00:00 UTC. Pre-Market trading for the SCR/USDT pair will begin on October 11, 2024, at 10:00 UTC, with updates regarding the spot listing to be provided later.

• Scroll is set to launch its $SCR token, which will have a total supply of 1 billion tokens. The airdrop snapshot is scheduled for October 19, 2024, and the token will be available for claiming starting October 22, 2024. SCR is intended to function as a governance mechanism for the protocol, contributing to the decentralization of its prover and sequencing systems.

• Ether.fi announced that restaking rewards are expected to start on October 15, allowing users holding weETH or eETH to earn rewards related to staking, restaking, and Season 4. Rewards will be distributed weekly in the form of LRT² tokens, which will represent a share of the restaking reward pool, including $EIGEN and AVS tokens.

• mETH Protocol announced that Season 1: Methamorphosis has concluded and expressed gratitude to the community for their involvement. The protocol is now preparing for the upcoming launches of $cmETH, its liquid restaking token, and $COOK, its governance token.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~16.05% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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