TodayinDeFi - Bags Financial Messenger App Launched, Uniswap Permissionless Bridging Live, Upcoming $JUP Airdrop, BTC Farm: Farm Triple Airdrops on LP Position and more..

Launches 🚀

• Bags has has launched a financial messenger app that lets users trade and chat in one place. It features a non-custodial wallet, Bags Card, with support from Phantom and Apple Pay. Users can create group chats, earning 50% of trading revenue, and seamlessly access dApps via Blinks.

• 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

• CrossCats has launched a fast, cheap bridge for altVMs, connecting users to blockchains like Bitcoin. The private testnet is live, using Wormhole for transaction verification, and any solver can join the permissionless network.

• Invariant has officially launched on Eclipse mainnet, offering highly efficient Concentrated Liquidity provisioning for real profits. Projects can now list tokens, add liquidity pools, and start trading on the mainnet.

• Adrastea Finance has introduced Liquid Restaking, the first-ever LRT protocol on Solana, allowing users to unlock liquidity with one click. The beta is now open for users to join at Adrastea.fi.

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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 📰

• Uniswap has introduced a feature allowing users to permissionlessly bridge native assets and stablecoins across 9 networks, powered by Across Protocol. Available on Uniswap Web and Wallet, users can now bridge assets with a simple swap process. Uniswap is offering a quest with Layer3, where users can earn XP and CUBEs when bridging across chains, further details available here.

• Wormhole has been chosen by M^0 Foundation as the interoperability provider for $M, a next-gen stablecoin backed by U.S. treasuries. With Wormhole’s NTT, $M will be multichain across Solana, Base, Arbitrum, Optimism, and Avalanche.

• Pendle highlights the potential of syrupUSDC, estimating a much higher APY than shown in the app. While the current YT price shows a 13.15% implied APY, including $SYRUP boosts it to over 21.23%, with zero lockup and 3x DRIPS on Pendle.

• Renzo has launched redETH on Sei Network, backed by its LRT, ezETH, via Hyperlane. redETH offers auto-compounded staking and restaking rewards, along with ezPoints and ecosystem rewards.

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Upcoming ⏳

• mETH Protocol is set to launch its $COOK governance token soon, with a total supply of 5 billion tokens. The protocol, already the 4th largest ETH liquid staking platform, will also introduce $cmETH to capture market share in restaking.

• DIA is launching Genesis staking before the end of 2024, offering up to 30% APY for staking $DIA on Ethereum. Rewards are limited and available on a first-come, first-served basis ahead of the Lumina mainnet launch in Q1 2025.

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Airdrops 🪂

• JupiterExchange’s $JUP airdrop is set for January 31, 2025, with the snapshot happening in 7 days. Users can stake $JUP and participate in voting through the ASR mechanism to increase rewards.

• Base introduced Builder Score, allowing users to mint a Talent Protocol passport and unlock a free 5+ character Basename if their score is over 50. Basenames serve as an onchain identity for builders, facilitating connection and collaboration. Claim your Basename for free here.

• The Arena is launching a quest to get #SocialFi trending ahead of its launch next week. Participants who tweet about SocialFi will earn bonus points, increasing their share of the $1M reward pool at the end of Uprising.

• Linea announced that the Alphamind campaign will be the last to use LXP, with future drops focused on Testnet Voyage NFTs and private testnet participants. To be eligible, users must complete Proof of Humanity (PoH) by October 30th, with PoH submissions open until November 3rd for the Alphamind campaign.

• SynFutures will host the Rumble Royale event on October 23rd at 1:00 PM UTC in their Discord, offering prizes to the top five participants. Users are encouraged to join and compete for the top spot.

• Kelp DAO has announced that users can now claim their Programmatic Eigen Rewards on the dApp. Eligible users must have interacted with rsETH or agETH between August 15 and October 6.

• Solv Protocol reminds SolvBTC and SolvBTC.BBN pre-depositors to bridge their assets within 7 days to secure Fuel Points, continuing their DeFi journey on Fuel Network's newly launched mainnet.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~16.09% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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BTC Farm: Farm Triple Airdrops on LP Position