TodayinDeFi - Sonic Labs Introduced Lever, DeepBook V3 and DEEP Token are Live on Sui, $PUFFER Claims are Now Live, and more..

Launches 🚀

• DeepBook Protocol has launched DeepBook V3 and the DEEP token on the Sui Mainnet. This release aims to enhance liquidity and decentralization within the Sui Network's DeFi ecosystem.

• 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

• deBridge Foundation announced the upcoming launch of the DBR token on LFG. This initiative seeks to create protocol-owned on-chain liquidity for DBR. The Foundation has also provided resources for participants, including an eligibility checker and a calendar reminder for the launch.

• CAP Labs has introduced a stablecoin engine intended to address some limitations of traditional DeFi models by offering scalable and adaptive yield opportunities. By utilizing exogenous sources of yield, such as arbitrage, CAP Labs seeks to provide access to various crypto strategies without relying solely on user fees or token emissions.

• Caldera, a rollup deployment platform, has announced the launch of ApeChain, a dedicated infrastructure layer for the ApeCoin ecosystem, built on Arbitrum Orbit. This layer is designed to support the functionality and scalability of the ApeCoin community.

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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 📰

• Wormhole is now operational on the Unichain testnet, an L2 developed by Uniswap Labs for DeFi. It features 250ms block times and a decentralized validator network. Wormhole is the only protocol approved by the Uniswap Bridge Assessment Committee to facilitate multichain governance.

• Aevo has announced a pre-launch listing of $DBR from deBridge Finance, allowing users to trade it on Aevo’s platform.

• Drift Protocol's dSOL yield reached 8.54% last epoch and has reportedly increased further. By liquid staking SOL on Drift, users can potentially compound yields with 5X FUEL and utilize dSOL as collateral for trading. The program is supported by 8.2M DRIFT, with no fees directed to dSOL holders, providing yields from inflation, priority fees, and MEV.

• Kamino Finance has introduced SOL Multiply, a leveraged staking product for $SOL that allows for boosted yields, 100% exposure, and up to 5x leverage while addressing market liquidation risk. Users can choose their deposit and leverage amounts, with positions secured against market depegs based on the theoretical price of Liquid Staking Tokens.

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Upcoming ⏳

• Sonic Labs, previously known as Fantom, has announced Lever, a memecoin lending platform developed by ZeroLend. This platform will enable Sonic users to open leveraged long and short positions using borrowed assets and is set to launch on the Sonic testnet in the coming weeks.

• Arcana Network has announced that its Chain Abstraction Testnet will go live on October 23, 2024. Alongside this launch, they will introduce the Arcana Wallet, which is designed for use across various applications and is powered by Arcana’s Modular Layer 1.

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Airdrops 🪂

• Puffer Finance has announced that $PUFFER claims are now live. Users can stake $PUFFER, engage in governance through vePUFFER staking, boost rewards, and accumulate points. The team also addressed prior technical issues related to high traffic and expressed appreciation for the community's patience during the downtime.

• The Hyper Foundation is launching the HYPE token as part of the Genesis Event. Eligible users can claim HYPE and a Hypurr NFT by reviewing and accepting the Genesis Event Terms by November 11, 2024, at 23:59 UTC. This token is intended for use in HyperBFT proof-of-stake consensus and the forthcoming HyperEVM.

• Mode Network has completed its Season 2 Airdrop and provided details for the community. A breakdown of the airdrop and insights into the upcoming Season 3 are available.

• Base has partnered with Court Date, a tennis-focused racket club and apparel brand by Slow Rodeo, to offer a minting opportunity. Users can mint their latest piece to receive a free hat (plus shipping), limited to one per holder while supplies last.

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~16.58% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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