Sanko Mainnet, an L3 crypto game based on Arbitrum Orbit, is live. Sanko was originally a video streaming application (SankoTV) on Arbitrum. Sanko users can now connect Arbitrum's DMT to Sanko via the native Sanko Bridge.
Catalyst, a multi-chain AMM, is live on the mainnet. Users can now trade native ETH between OP L2 stacks including Optimism, Base, and Blast. Catalyst also launched the Eggs Reward program to distribute weekly rewards to users of the Catalyst UI and track user activities for loyalty scores.
CapybaraDEX, a member of the Wombat ecosystem, is now live on Kaia Chain. Users can now perform one-sided LPing, trade listed assets, and earn Capybara Points during the Alpha phase.
Usual, a stablecoin issuance protocol, has launched its website for early access. Usaul introduced the Liquid Deposit Token (LDT) and the first LDT USD0, a stablecoin backed by short-dated RWA.
Splice, a Pendle-forked yield trading protocol, is live on L2 mode. Splice has launched a few LRT yield markets, allowing users to earn yield and points, or purchase assets at a discount.
that of Ethena The retained portion of the sUSDe yield is reduced to 20%, with the remainder going to the sUSDe contract, now bringing the sUSDe APY to 37.2%. The changes in place will last until at least the end of June.
Lyre launched C-Token (Covered Call Tokens), the first tokenized derivative that generates yield through options premiums, ETH staking rewards, EigenLayer points, enhanced re-stake points, and points Lyra. Users can now deposit weETH and rswETH to start earning yields.
Uniswap Labs and Across Protocol have introduced a new Ethereum token standard called ERC-7683. ERC-7683 aims to create a universal backfill network to follow for all cross-chain intents for better interoperability.
Obol The network launched a project funding model aimed at promoting the decentralization of Ethereum consensus. Users in the Obol DV cluster will contribute 1% of their staking rewards to Obol, which will then be used to reward projects and innovations that add value and generate impact at the Ethereum consensus layer.
Sanctuary, a liquid staking platform based on Solana, introduced wifSOL. wifSOL is an LST that allows users to DCA in WIF by staking SOL. wifSOL holders pay a 2.5% commission on SOL rewards and keep the 97.5% as WIF.
Picasso, an interoperability network and recovery layer for Solana, now supports Solana and IBC transfers. Users can now transfer Solana IBC supported assets such as $SOL, $mSOL, etc. between Solana and Cosmos. And the $PICA token is now available on Solana.
Marginally, a leveraged trading protocol, partners with Pendle to offer 10x leverage on yield-bearing assets, enhanced APYs and Sparks (points). Users can join Bootstrap Liquidity to earn double Sparks and up to 45% after farming launches on May 29.
THE SECOND approved Forms 19b-4 for 8 spot ETH ETFs, including BlackRock, Fidelity, Grayscale, etc. The SEC has also begun discussions around S-1 registration statements. S-1 must be effective before ETF trading can begin.
Bancor activated Overlapping Liquidity (Concentrated Liquidity 2.0) on Carbon AMM on Ethereum, Base, Fantom, Mantle and soon on Sei V2. Layered liquidity automatically stacks LP gains to increase capital efficiency by 80%.
Myso The Initial Open Offer (IOO) is online. Users can use USDT, USDC, and proprietary collateral tokens (mETH, rETH, wstETH, etc.) to purchase $MYT.
The exploiter The person responsible for the 2M hack of Pump.fun was identified as Jarett Reginald Dunn and arrested by UK law enforcement. According to the latest update, Jaret was released, forced to return to British police in August and refrained from communicating with Pump.fun.
GFXLabs proposed removing Monetalis from MakerDAO. Monetalis is an arranger that oversees nearly $1.9 billion in assets for Maker, but has often failed to produce accurate and timely reports, leading to poor financial returns for Maker's reserve .
Gala Games, a play-to-earn platform, was leveraged for $22 million. The attacker sold a portion of the tokens he had minted and later returned the rest after his wallet was frozen. After the exploit, DWF Labs revealed a purchase of 28 million to “stabilize the value of the token” and a Gala blog post suggested a governance vote to decide whether the 4.4 billion blocked GALA would be “considered burned “.
Pile of clay, a TVP-based replenishment protocol, will terminate the protocol due to a lack of resources and product-market fit after three years of operation. The website is now for withdrawals only and after June 10, all withdrawals will be immediate, without any waiting time.
Ghost The Foundation proposed Sonic Network, a new Layer 1 with a native Layer 2 bridge connected to Ethereum and beyond. Sonic will have a native $S token and users will be able to migrate their $FTM tokens at a 1:1 ratio to the new $S token at genesis.
Synthetix is going through a pivotal phase in the deployment of V3. The transition focuses on accelerating real yield, expanding sUSD collateral, and facilitating V3 migration.
stakea multi-chain liquid staking protocol, launches a liquid staking solution for Bitcoin, built on top of Babylon Chain.
Jupiter launches Giant Unified Market initiative to bring more assets, including memecoins, RWA, stocks or currencies, to Solana and index them to Jupiter. Jupiter has launched the GUM Alliance and will focus on integrating assets and markets over the coming months.
Sei Proposal V2 is a live vote. If successful, the mainnet upgrade will take place next Monday, May 27. V2 will introduce a high-performance parallelized EVM that will increase transaction processing speeds and overall network throughput.
Redacted Cartel proposed renaming Dinero Protocol as protocol products grew. The DAO will replace the $BRTRFLY token with $DINERO, with the future Dinero protocol stablecoin known as $pxUSD.
Arbitration will launch a vote for the Gaming Catalyst program in two days. The proposal calls for the DAO to allocate $200 million ARB over three years to expand the gaming ecosystem on Arbitrum.
MetaMask is potentially rolling out Bitcoin support over the next month. MetaMask primarily supports EVM-compatible assets, adding support for Bitcoin could bring millions of transactions to the platform.
Cosmos introduces Hydro, an auction and governance platform for deploying liquidity in the cross-chain ecosystem. Hydro will allow token holders to lock their tokens in exchange for “hydro-locked tokens,” granting them influence over fund allocation decisions through periodic auctions.
IntentXa Blast-based DEX, has released its 2024 roadmap. IntentX plans to launch a TGE, xINTX staking, V2 platform, more trading tools, account abstraction, and more.
Merchant Moe, a Trader Joe's franchise on Mantle L2, will allow cost sharing next week. $MOE speakers will share 100% collected protocol revenue which will be regularly distributed in the form of Mantle LST (mETH).
Dérivio, a derivative protocol based on zkSync, introduced the Derivio network. Moving to a dedicated channel allows Derivio to achieve better performance and efficiency.
Stage launched Stepn Go, a social lifestyle app that lets users earn rewards for staying active and using digital sneakers. $GMT holders can lock in their $GMT to enter sweepstakes to win one of the first 6,000 STEPN GO sneakers.
Zeta Markets have released the whitepaper of Zeta X (ZX), a DeFi L2 focused on trading on Solana. Zeta's $Z token will be the native gas and incentive token on ZX L2. The ZK mainnet is expected to launch in the first quarter of 2025.
Equation V3 is live, allowing users to trade individuals with 0 trading fees + 150x leverage.
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The equation Weekly trading competition and profit rate extraction are also live.
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Traders ranked in the top 10 on the profit rate leaderboard will receive USDT prizes and additional rewards for ranking in the top 3 (1st $2,000, 2nd $1,000, 3rd $500).
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Today, DeFi is supported in part by the equation
zkSync The v24 upgrade is “the last planned protocol upgrade needed before handing over network governance to the community.” zkSync $ZKS airdrop is expected after v24 upgrade.
Rabby Wallet Claiming the first round of initial points will close on May 31. Rabby users were encouraged to claim before the end date.
Aevo offers Aevo Airdrops, a new program in which Aevo will airdrop pre-launch tokens from projects listed on Aevo to active pre-launch traders and stakers of AEVO. Aeov has also revamped Aevo's staking benefits with 4 tiers for Aevo Stakers.
Spark Lend SPK Pre-Farming Season 2 begins on May 20 at 2:26 p.m. UTC and ends with the launch of SPK and the Spark SubDAO. 6.66 million SPK will be distributed to eligible SparkLend users on Ethereum based on the amount of ETH deposit/DAI borrowing and the duration of their positions.
Avantis launched a Redeem to Earn campaign on Base L2, allowing users to earn 250,000 USDC in rewards over 16 weeks, Avantis products, and Discord roles.
byBridge, a cross-chain protocol, presented its $DBR governance token and distribution details. $DBR holders will be able to stake their tokens to participate in the governance of the DAO.
Infinix launched the Memecoin Crash game on Farcaster with a prize pool of 1,000,000 GP. Users can claim free GP by liking and re-liking.
Ghost launched the Meme Season competition, with 10 million sFTMx prizes for meme owners. A memecoin's position in the rankings is determined by a combination of its market capitalization, gas consumption, and trading volume.
Taiko L2 has launched an airdrop checker for contributors and community members. Eligible users can check their share of the TKO airdrop and claim it later.
Renzo Enabled ezPoint increase for $REZ Participants, Season 1 Airdrop Holders (50% increase), and Season 1 Participants (10% increase).
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