TodayinDeFi - Morpho Permissionless PAXG Oracle Exploited Led to 230K Loss, Unichain Testnet Live, Taiko Season 1 Airdrop Claims, and more..

Oct 14, 2024

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Uniswap's Layer 2 solution, Unichain, is now live on the Uniswap interface in testnet mode. Engineered for speed, Unichain delivers near-instant transactions with block times of just one second, and aims to further reduce sub-block times to 200-250 milliseconds. Gas fees are expected to decrease by 95% compared to Layer 1. The testnet environment is intended to evaluate the reliability and performance of the new chain only.
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

KelpDAO’s wrsETH is now live on ZKSync, allowing users to either restake natively or bridge to ZKSync. Participants can earn up to 2x Kelp Miles, 1x Programmatic EIGEN rewards, and an additional 220 ZK per wrsETH, in addition to regular restaking yields.
YieldNest has launched its ETH vault on Enzyme, called Nektar. Users can benefit from 6x YieldNest Seeds and 6x Nektar Drops, on top of the staking yield from the ETH vault. the vault.
dYdX has entered the prediction market with the launch of the Trump perpetual prediction market. Users can now trade on the probability of Trump winning the U.S. presidential election.

DIA Lumina, the fully decentralized rollup-powered oracle, is set to go live soon. It leverages Lasernet, DIA’s native Ethereum Layer-2 rollup, as its core settlement layer for critical data, ensuring maximum decentralization and trustless execution. This setup also enhances the utility of the native DIA token. Lumina will support over 50 blockchains, offering price feed data from more than 200 centralized and decentralized exchanges (CEX/DEX), covering over 3,000 assets.
The public sale for World Liberty Financial is set to begin on October 15 and will be open to all participants who qualify through the whitelist.

An oracle exploitation of PAXG/USDC market on Morpho led to $230K loss. Morpho allows users to create market and set up risk management parameters such as liquidation loan-to-value ratio, interest rate model, oracle, etc. without permission. The creator of the exploited market mistakenly set the price of PAXG, the tokenized gold by Paxos, as $2.6 trillion instead of $2.6 K at the time of the incident. The attacker supplied $350 worth of PAXG as collateral and borrow $250 K USDC from the market.

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

Taiko, the GameFi-focused Layer 2, has announced that claims for Trailblazers Season 1 rewards are now open. Users can visit their Trailblazers profiles, navigate to the claim tab, and redeem their rewards. Additionally, the Taiko Lock-up Campaign offers bonus XP, allowing users to deposit Taiko tokens and boost their progress in upcoming Trailblazers seasons.
Deepbook is launching the DEEP token today at 10 AM UTC. DBClaimNFT holders will be able to claim their DEEP allocations through a dedicated claims site, with the NFT burned during the process.
Puffer Finance’s PUFFER airdrop is scheduled for 11 AM UTC on October 14. A total of 7.5% of the supply is allocated for Season 1, giving users the opportunity to shape the protocol’s future by minting vePUFFER and voting.
AlienX will launch its AIX token on October 23 at 4 PM UTC+8. Of the 1 billion total AIX supply, 12.5% will be released at the Token Generation Event (TGE), with around 10% allocated to AlienX AI Node operators and ecosystem users. The remaining 2.5% will be used for liquidity. Users can claim their allocations via the official airdrop site once live.
Ordinox, a Layer 1 protocol designed to unify liquidity across blockchains, is incentivizing participation in its testnet. Users can complete quests on Galxe to start earning points for future airdrop opportunities.

Stake your GHO to earn ~16% APR from AAVE and Merit Program
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