Jupiter Launches ICO Platform, Ethereum Fusaka Upgrade Live, Kalshi Coming to Solana, and many more...
Launches 🚀
Jupiter introduced DTF (Decentralized Token Formation), a fully transparent on-chain capital-formation model designed to restore fair, VC-free token launches, with all token allocations disclosed, locked, and liquidated programmatically; the first launch goes live December 3 with HumidiFi’s WET token, marking a return to open ICO-style participation where retail and builders start on equal footing.
Jupiter launched the official DTF site, where users can review HumidiFi’s WET token sale details and check whitelist eligibility ahead of the Dec 3 launch; whitelists are over-allocated and will fill on a first-come, first-served basis once the sale opens.
Ethereum activated the Fusaka upgrade at epoch 411392, bringing PeerDAS for an 8x increase in rollup data throughput, the R1 curve for improved UX, and groundwork for future L1 scaling, including potential gas limit changes.
ETHGas launched the Open Gas Initiative on the Ethereum mainnet, enabling protocols to subsidize user gas costs through zero-code integration. EigenCloud, Ether.fi, Pendle, and Velvet Capital are participating, with infrastructure partners supporting upcoming expansions to other EVM chains. Users can generate a gas ID and track spend, while protocols can set rebate structures.
NEAR launched NEAR AI Cloud and Private Chat, two products that use Intel TDX and NVIDIA confidential computing to run AI workloads in isolated environments with cryptographic attestations for verifiable privacy.
Telegram CEO Pavel Durov announced the launch of Cocoon, a decentralized confidential compute network where AI requests are processed with full privacy and GPU operators earn TON, positioning Cocoon as a cheaper, privacy-preserving alternative to centralized providers and setting the stage for broader developer adoption and upcoming confidential AI features for Telegram users.
Lighter enabled native ETH deposits, withdrawals, and transfers on its Ethereum L2 as the first step of its spot product rollout. Spot trading will go live later this week, followed by additional markets.v
Updates đź“°
Balancer outlined its reimbursement plan for the November 2025 v2 exploit, proposing to distribute roughly $8M in rescued funds to affected LPs on a pool-by-pool, pro-rata basis using snapshot blocks taken just before the attacks; whitehats will be paid a 10% bounty in-kind per Safe Harbor rules, internal Certora rescues aren’t bounty-eligible, and a dedicated claim contract with a defined claim window will handle all distributions once snapshots, compliance checks, and final pool-level allocations are completed.
Maple upgraded its Withdrawal Manager contract to support multiple simultaneous withdrawal requests, giving users more flexibility and control over managing liquidity across the protocol’s pools.v
Revert added full support for Uniswap v4 on Ethereum mainnet and Unichain, letting users discover, create, and manage v4 positions with the same analytics and tooling as other markets, with additional chains and hook integrations coming soon.
Kalshi brought its tokenized prediction markets to Solana, opened over $2M in builder grants, and introduced Builder Codes so developers can monetize apps built on its liquidity via DFlow or Jupiter—marking the start of the “Powered by Kalshi” expansion across multiple chains.
Coinbase rolled out instant unstaking in the U.S., offering users up to 15% APY on supported assets with the ability to unstake immediately for on-demand liquidity, expanding its one-click staking product with faster access and flexible withdrawals.
Fogo opened incentivized USDC transfers to its newly launched Genesis Phase mainnet, letting users move USDC from Solana while earning exclusive XP through Wormhole’s Portal Earn “Fogo Blaze” program; XP will be applied retroactively, and token rewards from bridging are reserved solely for Fogo participants ahead of a broader mainnet rollout and upcoming features.
Resolv’s first governance proposal has passed, enabling partner-earned yield to flow directly to RESOLV stakers; the team is now finishing distribution testing and will activate ETHFI rewards in the staking dashboard starting December, with 120,000 ETHFI to be distributed proportionally based on stake size and duration multipliers over three months.
Stable published its whitepaper detailing a new settlement standard for USDT-native transfers, outlining a design focused on predictable fees, instant finality, and institutional-grade performance, along with governance structure and the role of the STABLE token in securing and coordinating the network.
Kraken is acquiring Backed, the issuer of xStocks, to bring tokenized equities fully in-house and consolidate the infrastructure needed for globally scalable, 24/7 on-chain capital markets, aiming to accelerate adoption through unified rails and tighter product integration.
Ethena’s USDe is now live as a quote asset across Hyperliquid spot and HIP-3 perp markets, marking a key step toward the deployment of HyenaTrade on mainnet and enabling traders to pair, quote, and settle positions directly in USDe across supported interfaces like Hyperliquid, Based Mobile, and web terminals.
Aster confirmed that Stage 4 buybacks went live on Dec 2 at 01:10 UTC, with activity executed from address 0x573c…6fF4; all buybacks can be tracked on-chain for full transparency.
Usual introduced USD0a, a new structured product offering enhanced, delta-neutral yield by directing USDC or USD0 collateral into Superstate’s USTB/USCC funds and a convergence-based futures carry strategy designed to limit directional risk.
Uniswap partnered with Revolut to add a seamless fiat onramp inside Uniswap Apps, letting users buy crypto using a debit card, bank transfer, or their Revolut balance, expanding funding options as Uniswap continues integrating more onramp providers for global users.
Origin rolled out a major OETH staking upgrade, removing oracle dependencies by verifying validator balances directly on-chain with Merkle proofs, migrating to 0x02 validators for lower gas, 1 ETH minimum deposits, and auto-compounding, and adding two-step deposit protections against front-running.
Polymarket began rolling out its U.S. app to waitlisted users, starting with sports markets and expanding to broader predictions over time. The launch marks the platform’s return to the U.S. market with invites sent in phases. An Android version is planned for release soon.
YO opened pre-deposits for yoGOLD, a tokenized-gold yield vault powered by Tether Gold and curated by Clearstar Labs with IPOR. The vault is capped at $10 million, and early deposits receive a 3Ă— points boost and 5Ă— Fusion points, with yield starting after deployment. Users can deposit on Ethereum or via Enso to mint yoGOLD 1:1 with XAUt.
Talus published tokenomics for $US, a fixed-supply Sui token that powers workflow execution, priority access, tool monetization, and node staking across the network. The model removes inflation and relies on usage-driven demand, with fees converting into $US as agent activity grows. At TGE, 22.2% of the 10B supply will circulate, with the rest unlocking gradually across community, foundation, contributor, investor, and airdrop allocations.
MetaMask introduced Transaction Shield, an opt-in feature providing coverage for up to 100 deemed-safe transactions per month with a protection limit of $10,000 and access to 24/7 priority support. The upgrade offers an added security layer on top of MetaMask’s existing stack. Users can try Transaction Shield with a 14-day free trial.
Aerodrome’s Public Goods Fund executed a programmatic buyback of 801,000 AERO, adding to more than 150 million AERO already acquired and max-locked through the PGF, Flight School, and Relay.
Maple launched syrupUSDT on Aave Mainnet, marking an expansion of the Maple–Aave partnership and enabling users to build leveraged positions using the asset. The initial $50 million supply cap was filled quickly, with another capacity increase planned.
Hyperliquid Strategies, a HYPE DAT, is expected to begin trading on Nasdaq under the ticker PURR on December 3, providing regulated public-market exposure to the Hyperliquid ecosystem. The entity will hold about 12.6 million HYPE tokens and $300 million in cash as a treasury reserve.
Base–Solana bridge is now live, enabling direct asset transfers between the two ecosystems. This expands interoperability for users moving liquidity and applications across both chains. No further actions were detailed in the announcement.
Curve launched its first FX liquidity pool on Ethereum, enabling CHF–USD trading via ZCHF and crvUSD with initial CRV emissions offering up to 100% APR. The pool uses Curve’s new FXSwap algorithm designed for deep liquidity on low-volatility assets. This marks Curve’s entry into on-chain foreign exchange.
MetaMask launched native prediction markets inside MetaMask Mobile, integrating Polymarket to enable fast, onchain forecasting through the wallet. Features include one-click funding from any EVM token, quick onboarding, curated markets, and integrated MetaMask Rewards. Users can access the feature by updating to MetaMask Mobile v7.60.
Aave partnered with CoW Swap to upgrade swap execution on aave.com, offering improved pricing through CoW’s solver and protection against MEV attacks. CoW Swap also powers Aave’s swap adapters, enabling users to manage complex actions such as repaying debt with collateral, switching collateral types, adjusting debt positions, or withdrawing and swapping in a single transaction.
Starknet detailed ecosystem-wide support for migrating from USDC.e to native USDC, with Xverse and Keplr prompting users in-app and Vesu offering one-click migration for full positions. Ekubo launched a USDC.e/USDC pool to provide transition liquidity
Aster completed its S3 buyback program and executed the planned token burn and allocation, burning 77.86 million ASTER and locking another 77.86 million in an airdrop wallet. The burn permanently reduces the circulating supply, while the locked portion is reserved for future distribution
Superform opened its UP community sale, curated by Cookie and powered by Legion infrastructure, allowing users to apply for allocations in the upcoming neobank token. SuperVault pre-deposits increase allocation odds in the public tier, while top community members and partner groups receive guaranteed or preferential terms. The sale is now live through the Cookie portal.
Issues ⚠️
Yearn Finance is investigating an exploit in its yETH liquid-staking pool that allowed an attacker to manipulate rates and mint unlimited yETH, draining roughly $9M in assets and collapsing the yETH side of an $11M pool; the issue is isolated to this pool, with Yearn’s core vaults and integrations like Rocket Pool and Superform confirming no impact, and LPs advised to withdraw the remaining ~$900K in wETH while the team conducts a full review.
Yearn posted a post-mortem, stating that a bug in a custom yETH stableswap contract led to excessive yETH minting and an estimated $9M loss across two pools, while confirming V2/V3 vaults are unaffected; a SEAL911 war room and ChainSecurity are investigating, and impacted users are directed to Yearn’s Discord as the team conducts a full post-mortem and reiterates that no other products use similar code.
Yearn reported a coordinated recovery of 857.49 pxETH (~$2.39M) with support from the Plume and Dinero teams, noting that recovery efforts are still active and any reclaimed assets will be returned to affected yETH depositors.
CertiK reported an exploit involving proxy contract 0x0689…4B43 that resulted in roughly $340,000 in losses, tied to a USDC approval granted in October 2020. The incident highlights risks from long-standing token allowances. Users are advised to review and revoke unnecessary approvals.
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