Trader Exploits Hyperliquid’s $JELLY Mechanics, Term Labs & Kelp DAO Season 1 Airdrop, Upcoming Events and Token Unlock, and more
Launches 🚀
TaoFi launched on Bittensor, enabling users to bridge USDC from Ethereum to taoUSD via Hyperlane, stake TAO for yield-bearing sTAO, and swap or provide liquidity in the taoUSD–sTAO pool. The protocol aims to establish core DeFi infrastructure on Bittensor.
Do you have Unclaimed Rewards? If you are a DeFi Saver user, you can now see all earned rewards from supported protocols directly on the Portfolio page, covering more than 10 tokens, including $AAVE, $COMP, and MO 0.00%↑ RPHO. No more digging through dashboards—just clear, instant visibility into your earnings. Check now—there might be a surprise waiting.
Updates 📰
Wyoming selected LayerZero to issue WYST, the first fiat-backed stablecoin from a U.S. public entity, using its Omnichain Fungible Token (OFT) standard. WYST will launch multichain across ecosystems like Ethereum, Solana, and Base, enabling instant, low-cost global payments.
A test transaction via Stargate showcased its interoperability, backed by LayerZero’s infrastructure that has processed over 145M messages and $60B in value.
DIA introduced Lumina, a next-gen oracle architecture built to be fully on-chain, verifiable, and permissionless. Powered by Lasernet—a custom L2 using Arbitrum Orbit and AnyTrust DA—Lumina enables ultra-fast, auditable oracle data with decentralized participation through Feeder Nodes and Aggregators.
Trustless, verifiable, fully on-chain: DIA Lumina is the end of black box oracles. Mainnet is here.
Today in DeFi is supported by DIA
Napier launched on Sonic with new markets for $scETH, $scUSD, and $stS, offering rewards in Sonic, Napier, Rings, and Veda Points for LPing or holding YT. Curated by MEV Capital, the platform supports fixed yield, trading, and looping strategies with near-zero gas and fast execution.
Users can earn Napier Points, convertible to 15% of $NPR at TGE in Q2 2025, with 80M points allocated this week.
Circle launched CCTP V2 on Linea, enabling fast, secure USDC transfers across Linea, Ethereum, Base, and Avalanche using a native burn-and-mint model. Supported by apps like Socket and Bungee, it improves capital efficiency and multi-chain usability.
Clearpool’s Ozean partnered with Maple Finance to integrate SyrupUSDC—Maple’s yield-bearing stablecoin—into its Pre-Deposit Campaign and Port, the platform’s first exchange-traded product.
Superform added stSYRUP from Maple Finance, allowing users to zap in with any asset to earn SYRUP yield sourced from loan-related fees. Participants also receive 10x CRED, amplifying rewards within the Superform ecosystem.
Jupiter Mobile now supports Ledger integration, enabling users to trade with enhanced security using their hardware wallet. The update brings one of the most requested features to the platform’s mobile experience.
Issues ⚠️
A trader attempted to exploit Hyperliquid by depositing $7.17M across three accounts and opening opposing long and short positions on illiquid token JELLYJELLY. The $4.1M short was too large to liquidate normally and was passed to HLP, while the trader withdrew over $6M in unrealized PnL as JELLYJELLY pumped 400%. Hyperliquid force-closed the market at the short’s entry price, nullifying gains. The trader now holds ~$900K in stuck funds and faces either a $4K net cost or a $1M loss, depending on withdrawal access.
🎥Resupply Launches Stablecoin, Pump.fun Launches DEX
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Airdrops 🪂
KelpDAO launched the early checker for the $KERNEL Season 1 airdrop, with 10% of the total supply allocated to users who earned Points or Miles by Dec 31, 2024. The token unifies Kelp’s $1.2B rsETH, Gain’s $120M in vaults, and Kernel’s $660M security layer. TGE is planned for early April, and Season 2 rewards are ongoing for restakers.
Term Labs announced the $TERM Season One airdrop, allocating 5M tokens to early users and community contributors who engaged via lending, auctions, and ecosystem participation. Eligibility is based on Term Points earned before the March 22 snapshot, with Sybil protections in place.
Claims open March 26 to April 26 via the Term app, and holdings will influence Season 2 rewards.
Babylon Labs launched its Genesis chain and BABY token, marking a new phase for BTC staking. BABY rewards can be claimed by LBTC holders (via Lombard's upcoming Staking Yield Pool) or those who delegated BTC to Lombard’s Finality Provider (via Babylon’s portal). Claiming requires a Genesis-compatible wallet like Keplr or Leap.
Lombard, as Babylon’s largest Finality Provider, continues to play a key role in Phase 2. Full claim timelines and setup guides are available.
mETH Protocol launched Season 3: Methamorphosis, expanding cmETH across chains with new adoption opportunities and continued $COOK rewards. Following a 214% supply surge in Season 2, cmETH now offers multi-stream yield from ETH staking, restaking protocols like EigenLayer, and Powder points. The 180-day season runs until Sept. 22, 2025.
Farms 🧑🏻🌾
OpenEden increased the Bills Campaign multiplier for Spectra activities from 3x to 5x, boosting rewards for users deploying cUSDO on Spectra. The update offers greater incentives to participate and maximize point earnings during the campaign.
Native LBTC is now live on Sonic, allowing BTC holders to upgrade to a liquid, yield-bearing asset onchain. Users can earn yield via Sonic Vault, trade and lend with Silo and Beethoven, and access dual-staking with scBTC.
LBTC also boosts airdrop rewards—earning 4x Sonic points, Babylon Points, and Lombard Lux. With over 90,000 users and 0.1% of all BTC staked, LBTC is emerging as the leading Bitcoin LST.
Contango highlighted a yield loop using Maple’s syrupUSDC (~7.3%) paired with low-cost borrowing (~3.5%) at 9x leverage on Morpho. SyrupUSDC offers permissionless access to institutional-grade, overcollateralized lending yields via Maple Finance.
Pendle launched on Berachain with new pools for Infrared’s iBGT and iBERA, offering high-yield opportunities like 219% APY on iBGT and yield strategies on Berachain’s gas token $BERA.
Classic pools with Ethena and EtherFi are also live, including 30x Sats on sUSDe, 50x on USDe, and eBTC with layered rewards from six protocols. Pendle plans to tokenize all Berachain yields going forward.
Silo launched the PT-wstkscETH-scETH market on Sonic, combining Pendle’s fixed-yield wstkscETH with Rings Protocol’s native ETH.
Users can loop for leveraged fixed yield while earning multiple layers of points, making it a high-reward strategy for ETH holders on Sonic.
Resolv launched rstUSR on Mellow Protocol, enabling users to restake wstUSR into Symbiotic-powered networks. The vault earns native wstUSR yield, plus Resolv, Symbiotic, and Mellow points.
Built on a delta-neutral design, rstUSR offers modular restaking with automated capital deployment via Mellow.
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Upcoming Events and Token Unlock
Here are the Upcoming Events and Token Unlocks for this and upcoming week, including token unlocks, global crypto events, airdrops, TGEs, and key governance announcements . Stay updated effortlessly, all in one place.
MAR 26
MAR 27
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