Virtuals Protocol Expands to Solana, US Govt Explores Blockchain Use, Unlock Restaking Yields and XP Rewards with New Liquid Stablecoin, and more...
Launches π
Abstract has launched Abstract Live, its native streaming platform designed to reward creators for producing content around Abstract apps. Streamers can earn Abstract XP, grow their audience, and receive rewards for their creativity. Applications are now open for creators.
f(x) Protocol has officially launched 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. Now open to all users, leverage starts at 7X during the bootstrap phase and will increase to 10X upon stabilization. Thoroughly audited, f(x) v2.0 offers everyone a safer, smarter trading experience.
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Updates π°
Virtuals Protocol expands to Solana, leveraging the network's speed, scalability, and vibrant community. The launch introduces the Meteora Pool for new trading opportunities, a Strategic SOL Reserve (SSR) allocating 1% of trading fees to reward agents and creators, and consistent AGENT/VIRTUAL trading pairs for a seamless experience.
Elon Musk, leading the Department of Government Efficiency (DOGE), is exploring blockchain technology to streamline U.S. government operations. Discussions reportedly include using digital ledgers to track federal spending, secure data, manage buildings, and make payments. Musk's team has engaged with representatives from various public blockchains to evaluate their suitability.
Created by a recent executive order, DOGE is tasked with modernizing federal systems to cut costs and eliminate inefficiencies, aligning with President Trumpβs push for crypto-friendly policies.
Jupiter Exchange has announced that 50% of its protocol fees will now be allocated to $JUP buybacks, aligning incentives with token holders.
Meteora is serving as the liquidity layer supporting Virtuals Protocol's expansion into Solana, alongside Jupiter Exchange. With over 16,000 AI agents already launched in the Virtuals ecosystem.
Liquity V2 has integrated the Cross-Chain Token (CCT) standard via Chainlink CCIP for BOLD, its ETH-backed stablecoin. This upgrade enables seamless and secure BOLD transfers across Ethereum, Arbitrum, Optimism, Base, Scroll, and more.
Unichain has partnered with Flashbots to implement a trusted execution environment (TEE), enabling 250ms sub-blocks. This upgrade enhances user experience, improves market efficiency, and minimizes value lost to MEV.
LRTΒ² has rebranded as King Protocol. Users will now claim a unified token, KING, representing their share of restaking rewards, replacing multiple reward tokens. All LRTΒ² tokens are now converted to KING. For more details, check the documentation or join their Discord community.
Veda, in collaboration with Berachain, has decided to deprecate the Usual Vault to ensure the delivery of top-quality products. Users are advised to withdraw their funds, which are completely safe, and will receive the same tokens they originally deposited.
As a gesture of appreciation, Veda is awarding 6x Veda points for deposits made through January 26, 2025.
GammaSwap has introduced a new cbBTC/USDC pool on Base, enabling users to trade long, short, or straddle perpetual options on $cbBTC.
Upcoming β³
The Sui Community has announced the upcoming availability of Phantom Wallet on $SUI. To celebrate, a raffle will be held on the first day of Mainnet for users who utilize Phantom Wallet to send gifts.
Magic Eden highlights key projects launching on Abstract NFTs as Mainnet goes live tomorrow. Notable mentions include WITS TCG, introducing trading cards; LupoABS, bringing Lupo's playful spirit to life; Moonsheepverse, the first 404 Hybrid pushing art and tech boundaries; and PlayGigaVerse, an on-chain RPG by crypto natives and veteran game devs.
Analog has announced the official Token Generation Event (TGE) for $ANLOG, set for February 6th.
Usual has announced Usual Stability Loans (USL), a new feature allowing users to borrow USD0 at low, predictable rates using USD0++ as collateral, particularly when USD0++ trades below parity. USL aims to boost liquidity, stabilize USD0++, and create arbitrage opportunities while offering transparent borrowing terms.
For Usual, it injects significant liquidity, supports parity, and enhances DAO revenue without risking collateral. A full proposal will be shared soon, with deployment planned on Euler for maximum flexibility if approved.
Airdrops πͺ
Quai Network has launched its Rewards Claim Page, now live for its earliest and most dedicated community members.
Sonic Labs has announced that Fantom users who bridged to Sonic are eligible for the $S airdrop. Eligibility badges will be displayed on the points dashboard soon.
Farms π§π»βπΎ
LBTC is now live on Aave, becoming the first Bitcoin Liquid Staking Token (LST) available on the world's largest lending protocol. Aave users can borrow assets like ETH, USDC, and WBTC against LBTC or supply liquidity to earn interest. With $800M available to supply at launch and a 70% LTV for borrowing, LBTC also supports E-mode with 84% LTV for efficient LBTC/WBTC looping.
This integration follows successful risk assessments by Chaos Labs, LlamaRisk, and BGD Labs, solidifying LBTC as a blue-chip collateral option.
Pendle has introduced sUSDa (24 Apr 2025 maturity) by Avalon Finance, the staked, yield-bearing version of USDA, a Bitcoin-backed stablecoin. sUSDa holders can earn ~50% APY, combining 20% APY from USDa loan yields and USDaLend revenue, plus 25% APY in $AVL.
Provide GHO liquidity on Spectra for stkGHO Mar 2025 PT to earn incentives from SPECTRA reward pool for up to 37% APR on Ethereum. With more than $8M TVL, the pool delivers good returns with good liquidity and low impermanent loss risk.
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