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Unlimited Finance, a non-liquidation DEX, launched its mainnet on Base. To reward early adopters, Limitless announced a “Use and Loot” campaign and will drop lootboxes to top users/LPs of Core Protocols based on their usage and engagement. The campaign begins on May 13 and ends on June 21.
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Summit launched two new Index Perp products powered by GMCI and Wintermute. The GMCI 30 Index includes the top 30 crypto assets by market cap, and the GMCI MEME Index tracks the top coins by market cap.
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Lyre now supports spreads, allowing options traders to execute multi-leg strategies with eliminated individual leg risk and reduced initial capital requirements.
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Bounce Finance, an M&A protocol based on BounceBit, has introduced $MBA. $MBA is a synthetic token created by merging $MUBI, $BSSB and $AMMX. $MBA will serve as the platform token for MBA Protocol, a soon-to-launch CeDeFi lending protocol.
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Son Finance, a lending protocol fork of Compound v2, was exploited due to the “known donation attack against Compound v2 forks” and lost approximately $20 million. The team has suspended operations on Optimism and is investigating the identity of the exploiter.
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Perdy Finance, an intent-based perp dex on Arbitrum, was attacked and the corresponding lending pool was drained of approximately $464,000. The team has suspended the protocol and users are encouraged to revoke of the loan pool.
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Lens The protocol features Lens Network, a ZK channel using zkSync's ZK technology. Lens Network will replace Lens Protocol as the social hub with scaling improvements and UX upgrades and can be deployed on other EVM and non-EVM networks.
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Scope Labs launches Ambit USD (AUSD), a stablecoin with diversified yield streams that provides liquidity to partner DeFi protocols.
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Liquidity has published a white paper for its next V2. V2 will introduce user-defined interest rates, LST as collateral, improved capital efficiency, and Protocol Incentive Liquidity (PIL).
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CreatorDAO introduced SparkDAO, the first SubDAO that will launch with its native SPK token and a variety of SPK token farming programs. The current SPK pre-farming program will be active until May 20, 2024. Earned SPK tokens will be distributed when Spark launches.
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