USD0++ "Depegs" after Floor Set at $0.87, Solayer LAYER Upcoming Public Sale, Earn Airdrops and High APY with New L1 Vault, and more...

Launches 🚀

• f(x) Protocol launches v2.0, introducing fixed, zero-stress leverage trading on ETH with no funding fees or liquidations. Stability Pool users can earn triple yields through trading fees, ETH staking rewards, and FXN emissions. Initially, only xstETH and xfrxETH holders from V1 can migrate and open positions, with broader access after 80% migration. Leverage begins at 7X during the bootstrap phase, increasing to 10X upon stabilization. Thoroughly audited, f(x) v2.0 delivers a safer, smarter trading experience.

  • Today in DeFi is supported by f(x) Protocol

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Updates 📰

• Solayer is partnering up with Buidlpad to host the community sale and the first public distribution of LAYER tokens. Community members who participate in the sale will receive a Solayer Emerald Debit Card and their tokens fully unvested at TGE.

• Derive is set to launch a 2025 roadmap featuring three innovative products such as Derive Pro AI-powered trading for active traders, dUSD, a delta-neutral yield-bearing asset, for yield farmers, and Market Maker Vaults for liquidity providers. This expansion follows a successful rebuilding in 2024, with over $120 million in total value locked (TVL) and 75,000 users.

• Mango community passed the proposal to shut down all of its markets. Collateral requirements will increase by 10x for new positions to drive supply utilization from 50% to 0.1%. Borrow rates are expected to spike, and users should exit the markets soon.

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Issues 🚨

• Usual unexpectedly set USD0++ withdrawal floor price at 0.87 USD. The token was traded at around 1 USD prior to the announcement and the price soon plunged to the level around 0.90 USD upon the release of news.

  USD0++ holders who would like to withdraw before 2028 can either choose to redeem at the floor price of 0.87 now and gradually converging to 1 USD over time, or 1:1 redeem now but with a portion of accrued yields forfeited.

  Lending protocols such as Morpho are advising users to promptly migrate their positions to newly established USD0++ markets, as rewards for the current old markets will soon be discontinued with risk of liquidation.

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Airdrops 🪂

• Hyperliquid has announced its collaboration with ANIME, the token designed to support the open anime universe backed by Azuki. As part of this partnership, stakers of HYPE will receive airdrops of the ANIME token during its TGE.

• SynFutures, the leading perpetual trading protocol on Base, has announced the integration of the Moonwell WELL token, hosting $10,000 trading competition for top WELL/ETH traders.

• Pencil and Kelp Protocol are incentivizing users to deposit funds by offering a variety of enhanced rewards, including 2x Kelp Miles and Programmatic EIGEN rewards.

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Farms 🧑🏻‍🌾

• Veda introduces vaults of scUSD and scETH from Rings Protocol. The assets are designed to enhance participation in the SonicLabs ecosystem by offering 6x and 4x yield multipliers on top of yields generated with algorithmic strategies.

• Pendle introduces ctUSDe pool in collaboration with Berachain and Ethena , incentivizing users with various rewards for their deposits, including 30x Ethena Sats and points from multiple DeFi platforms like ConcreteXYZ and KodiakFi.

• Provide GHO liquidity on Spectra for stkGHO Mar 2025 PT to earn incentives from SPECTRA reward pool for up to 45% APR on Ethereum. With more than $8M TVL, the pool delivers good returns with good liquidity and low impermanent loss risk.

  • Today in DeFi is supported by ACI

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Earn Airdrops and High APY with New L1 Vault