ZKsync Ignite Season 1 Live, Solv Protocol announces Binance Megadrop Quests, USD Farm: Earn Good Yield + Airdrop on Stables, and many more...
Launches π
Vertex launches on Sonic Labs, offering a unified DEX for borrowing, lending, and trading across 60+ spot and perpetual markets. With onchain liquidity and low fees, users can deposit USDC and start trading today.
Pell Network launches the Ignite Testnet, introducing multi-chain staking and service chains like BSC and Bouncebit, along with omni-chain DVS contract deployment for developers.
Enhanced infrastructure includes faster synchronization, Cosmos & EVM explorers, and advanced compilation tools. The update also increases decentralization through additional operator weight. Pell aims to continually enhance services for stakers, developers, and operators
Frax Finance launches the Frax Universal Interface (FUI), offering a seamless way to swap, bridge, earn, and explore within the Frax ecosystem.
Users can access top DEXs, bridge Frax assets, earn stable yields with sfrxUSD, and onramp in minutes via card or bank. FUI also introduces FXTL incentives, .frax usernames, and more. Future updates include borrowing features and veFRAX staking.
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
Perennial introduces the Petals Lottery, offering weekly rewards of up to 100k Petals. Traders with varying levels of volume can participate across three tiers: The Grand Florist for those with $500k+ in weekly volume, The Petal Gatherer for traders with $10kβ$500k in volume, and The Social Butterfly for those who share their trading PnL on X and tag @perenniallabs. Progress can be tracked through the Rewards page.
Today in DeFi is supported by Perennial Finance.
Updates π°
Gravity integrates with Relay Protocol, enabling users to swap any token from any chain and receive $ETH instantly.
Resupply, a stablecoin protocol by Convex and Yearn, launches with $reUSD backed by yield-bearing stablecoins. Offering consistently favorable borrow rates, $reUSD is ideal for farming and accessing liquidity without losing yield.
Users can supply $reUSD to insurance pools, LP on Curve for $CRV rewards, or use it for farming and expenses. $RSUP tokens enable governance, revenue sharing, and additional rewards through borrowing and liquidity pools. Curve Lend positions earn $CRV, $CVX, and $RSUP with boosted $CRV rewards. The peg is maintained via collateral redemption.
Fluid adds Mantle's $mETH to its ecosystem, launching three new vaults: mETH<>USDC, mETH<>USDT, and mETH<>GHO. Users can now leverage $mETH for enhanced DeFi opportunities.
Superstateβs $USCC, a crypto carry fund, is now live on MorphoLabs, marking its first DeFi integration. Investors can use $USCC as high-yield, stable collateral in Steakhouse USDC RWA Vaults.
Wormhole and Mayan Finance enable seamless transfers into Hyperliquid in just 10 seconds, allowing any asset to move effortlessly.
Kamino removes the SOL utilization cap in its Main Market, enabling unrestricted borrowing to promote market equilibrium and drive SOL growth.
Kelp DAO expands its Boyco initiative with new VaultCraft and Kelp Gain vaults, allowing rsETH and ETH LST deposits for automated allocation across Boyco protocols.
Participants can earn multi-layered rewards, including Kelp Miles, Eigen rewards, BERA incentives, and Airdrop Gain rewards, with deposits locked for 30β90 days. Reserve your spot now to bridge to Berachain and unlock new DeFi opportunities.
Spectra launches its first lending market for PTs on MorphoLabs, powered by MEV Capital and ResolvLabs. PT-wstUSR holders can now earn additional yield, borrow against their holdings, loop, and access further integrations within Morpho.
Upcoming β³
Solayer Labs unveils plans for Solayer InfiniSVM, a hardware-accelerated SVM blockchain promising infinite scalability, 100 Gbps bandwidth, and 1ms transaction confirmations via advanced hardware offloading. With more details unveiled in their newly released 2025 roadmap.
Babylon launches Phase-2 testnet (bbn-test-5) on January 8, 2025, with block production starting at 9 AM UTC and the staking web app live at 10 AM UTC. Phase-1 testnet stakers can register their stakes on the new Phase-2 Babylon chain.
Skate announces integration with Movement Labsβ upcoming MoveVM mainnet, enabling access to top EVM apps like Polymarket. This expansion aligns with Skate's vision to connect apps across all VMs and build unified infrastructure.
Airdrops πͺ
Solv Protocol announces the Binance Megadrop Quest! Participate from January 7 to January 16, 2025, to claim exciting rewards. Token Generation Event (TGE) and listing follow on January 17 at 10:00 UTC.
Solv Protocol wraps up Season 1 on January 7, 2025, and kicks off Season 2 immediately after. Season 1 highlights include 25,000+ BTC deposited, 450,000+ users onboarded, integration across 10+ chains and 50+ dApps, and 7.5% of $SOLV supply allocated to participants. Stay tuned for the Airdrop Checker and $SOLV launch updates.
Dolomite expands to Berachain with the launch of $DOLO, $veDOLO, and $oDOLO, creating a robust ecosystem for liquidity, governance, and staking. $veDOLO enables NFT-based staking for rewards and governance, while $oDOLO incentivizes liquidity and converts to veDOLO with discounts. A 20% airdrop is planned, split between DOLO/veDOLO rewards for liquidity providers, borrowers, and contributors, and options for Minerals holders at a $0.045 strike price. The Minerals program ends January 9, with claims open until January 23. The airdrop and $DOLO token launch coincide with Berachainβs TGE.
Farms π§π»βπΎ
Deposit cbBTC and borrow USDC on Base or Ethereum mainnet to earn your share of $150,000 in incentives through the Merit Program from ACI. These incentives will be distributed over three months. For more details, click here.
Today in DeFi is supported by ACI
ZKsync Ignite Season 1 launches with 100M $ZK tokens to be distributed from Jan 6 to Mar 31 for DeFi users providing liquidity across DEXs, lending, and perpetuals. Participating protocols include Uniswap, SyncSwap, Koi Finance, and Aave. Use the Fuel Station dashboard for gasless claims, one-click deposits, and reward tracking.
Pendle partners with Resolv Labs to offer LPs 30x Points for every dollar of liquidity supplied in the wstUSR pool, alongside LP fees and yield. This bonus lasts until February 22, after which it reverts to 15x until maturity.
Anzen Finance offers 55% APR on stablecoins in the CL1-USDz/USDC pool on AerodromeFi. Exclusive on Base.
For sponsorships or news tips, reach us at: support@todayindefi.com
USD Farm: Earn Good Yield + Airdrop on Stables
Keep reading with a 7-day free trial
Subscribe to Today in DeFi to keep reading this post and get 7 days of free access to the full post archives.