Category: DeFi & DApps

Mezo Network launches its Bitcoin-focused DeFi mainnet, offering 1% borrowing rates, MUSD stablecoin, and yield vaults to help users leverage Bitcoin without selling.

Ethena’s sUSDe yields are attracting DeFi liquidity, challenging Aave’s lending model. AAVE prices weaken as Ethena PTs surge past $1B in collateral, offering higher yields. Aave’s borrowing rates decline, signaling potential capital outflow.

Ripple’s RLUSD stablecoin gains traction with a new listing on Euler Finance, boosting adoption amid growing institutional interest and trading volume surges, despite temporary minting pauses.

Euler Finance launches Euler Swap, a smart DEX integrating lending, trading, and borrowing with Uniswap v4 compatibility, boosting yields and offering customizable AMM curves.

Galxe launches Starboard, a platform to reward active Web3 users with on-chain and off-chain analytics. Over 20 projects joined, contributing $5M to a shared rewards pool.

Starknet launches Asset Runes, Bitcoin-native assets backed 1:1 by USDC, with plans for STRK, ETH, NFTs, and RWAs. These enable Bitcoin users to access Ethereum assets via Starknet, featuring trustless liquidity pools and XverseApp integration.

Cork Protocol suffered a $12M hack via a smart contract exploit, prompting contract pauses. This follows Cetus DEX’s $223M hack, highlighting ongoing DeFi security challenges and the need for improved measures.

WLFI partners with Kernel DAO to enable USD1 stablecoin restaking, offering dual rewards through passive income and decentralized security participation, enhancing stablecoin utility in DeFi.