Walrus Protocol TGE & Mainnet, Corn Airdrop Checker Live, Premium Preview: Earning High APY with Regulated and Transparent Stablecoin Strategy, and more..
Launches π
Walrus has officially launched its mainnet, aiming to transform how applications use and interact with data. Developers can now begin building on Walrus to unlock new data capabilitiesβblob by blob. Mainnet access is live at walrus.xyz.
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%β RPHO. No more digging through dashboardsβjust clear, instant visibility into your earnings. Check nowβthere might be a surprise waiting.
Updates π°
Hyperliquid has launched ETH spot trading, along with support for direct ETH deposits and withdrawals from Ethereum mainnet. Users can now trade spot ETH and manage ETH balances via Hyperliquidβs main app or Hyperunit.
DIA introduced Lumina, a next-gen oracle architecture built to be fully on-chain, verifiable, and permissionless. Powered by Lasernetβa custom L2 using Arbitrum Orbit and AnyTrust DAβLumina 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
Kamino launched the USDG Growth Initiative to boost adoption of USDG, a USD-backed stablecoin by Global Dollar, on Solana. Users borrowing USDG against JLP or JitoSOL now earn dual rewards in USDG and JTO, with over $85K in incentives in the first month. A USDG-JitoSOL Liquidity Vault is also live, offering 2,000+ JTO in rewards.
Issues β οΈ
Linear Finance announced it is ceasing operations due to sustained financial challenges and the recent delisting of its LINA token by Binance, which led to a 65% market cap drop. Funded primarily by personal contributions and token sales, the model is no longer viable. Users with active positions will receive step-by-step closure instructions soon.
Upcoming β³
Sonic Labs introduced SonicCS 2.0, a major consensus upgrade delivering 2x faster speeds and 68% lower memory usage. The new protocol is set to go live on mainnet soon, enhancing performance across the Sonic network.
Ondo Finance announced Ondo Global Markets, a platform bringing publicly traded stocks, bonds, and ETFs onchain. The initiative aims to make U.S. securities globally accessible, tradable 24/7, and DeFi-integratedβmirroring what stablecoins did for the dollar.
dYdX released a video explaining its $DYDX Buyback Program, which outlines how buybacks are executed and their impact on token holders. The initiative is aimed at enhancing long-term value for $DYDX participants.
π₯Resupply Launches Stablecoin, Pump.fun Launches DEX
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Airdrops πͺ
Corn launched $CORN with a 2.1B supply, 25% unlocked at TGE for users, builders, and security. Rewards flow through popCORN voting, with new incentives via Cornfields and token locking. Staking will direct $BTCN and $CORN rewards, and BTC-backed loans using USDT0 are coming soon.
Kaito AI announced Yapper Payouts, a weekly $5,000 rewards program starting in April, distributing $sKAITO to the top 50 Yappers and top 50 Emerging Yappers. The initiative supports high-impact crypto content and is backed by Kaitoβs Strategic Reserve, which also funds 17% APR staking.
Bonus multipliers apply for Genesis NFT holders, KAITO Hodler badges, and leaderboard rankings.
ApePro launched Jupuary claims, distributing 5M $JUP to 6,904 eligible wallets based on trading activity. Users with at least $1,000 in swap volume as of the Jan 14 snapshot can now claim ~13.4 $JUP per $1k volume. Claims are open until April 30, 2025.
Farms π§π»βπΎ
Superform has whitelisted Smokehouse USDC from SteakhouseFi as a yield source for SuperUSDC on Base, offering users access to a current APY of 10.4%.
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Premium Preview: Earning High APY with Regulated and Transparent Stablecoin Strategy
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About Midas
Midas is an asset tokenization protocol that enables regulatory-compliant exposure to institutional-grade assets on-chain, enhancing DeFi composability for real-world assets (RWA). By leveraging blockchain technology, Midas aims to make high-quality financial products more accessible while removing traditional barriers to investment.
The platform bridges traditional finance with DeFi, offering tokenized assets such as mTBILL, which provides on-chain exposure to U.S. Treasury bills. Backed by investors like Framework Ventures and Coinbase Ventures, Midas seeks to expand access to institutional-grade yield strategies in an open and transparent manner.
Liquid Yield Tokens (LYT): Redefining On-Chain Yield Strategies
Liquid Yield Tokens (LYT) are on-chain assets designed to generate yield without the fixed $1 peg of traditional stablecoins. Instead, their value fluctuates based on the performance of underlying assets, reducing the risk of de-pegging. By removing the $1 liability constraint, LYT allows for a broader range of investments, aiming for improved risk-adjusted returns while operating within a regulated framework.
Each LYT is issued as an ERC-20 token and managed by professional risk managers who allocate collateral based on market conditions. On-chain transparency provides real-time performance tracking, while Midasβ shared liquidity model enhances capital efficiency and instant redemptions across the DeFi ecosystem.
Benefits
π Optimized Yield β Flexible yield strategy enhances risk-adjusted returns by adapting to market conditions.
π Reduced Risk Exposure β LYTβs floating reference value mitigates structural risks found in fixed-liability stablecoins.
π Seamless DeFi Integration β Composability with DeFi protocols enables shared liquidity and expanded use cases.
π Transparent Oversight β On-chain performance tracking provides real-time visibility into collateral reserves. π Future Airdrop Opportunities β Participation in LYT strategies may unlock eligibility for future project airdrops.
Risk Involved
β οΈ Fund Mismanagement β Poor decisions by risk managers could lead to capital loss.
β οΈ Smart Contract Vulnerabilities β Security risks exist in third-party protocols, risk managers, and Midas itself.
β οΈ Market Volatility β A downturn in market conditions may lower APY returns.
Security
β Midas smart contracts undergo regular audits, conducted by top private firms and through public audit contests. Check out their audit report here.
The audit does not guarantee any hacks. Please do not invest with more than you can afford to lose.
Official Links
User Guide
Go to Midas Website and connect your wallet.
Scroll down and find the Liquid Yield Tokens section, then choose one to deposit into. For this guide, weβll use mMEV (MEV Capital High-Yield Strategy) as an example.
Review the MEV Strategy Overview to understand how MEV Capital manages it.
Before entering a position, scroll down to check all details about this stablecoin strategy.
Select the asset and amount you want to deposit into mMEV, then approve and confirm the transaction in your wallet.
Regularly check the APY and mMEV details to avoid risk. To learn more about mMEV, visit their docs for additional information. Midas provides documentation on all its stablecoin strategies.
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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.