Stream Finance Announced Insolvency, Balancer Exploited For $108M, Berachain Recovers $12.8M From Exploit, and many more...
Launches 🚀
Stable has launched its public testnet, marking the first step toward a USDT-native blockchain optimized for real-world payments. The Stablechain is designed for fast, predictable, and low-friction transactions, allowing developers to build and test payment apps, merchant tools, and settlement systems using native USDT transfers and fee settlement.
The testnet provides a public RPC endpoint, faucet for test USDT, and a block explorer for on-chain interaction, creating a developer-ready environment to prototype applications before mainnet launch.
Meteora has launched Invent, a developer toolkit that simplifies token launches into a few easy commands. The platform allows teams to deploy advanced launch infrastructures without deep technical stacks, reducing friction for founders and launchpads.
Meteora positions Invent as a foundation for the next era of tokenization on Solana—enabling more builders, higher-quality launches, and greater fee flow to its liquidity providers as the ecosystem scales.
Starknet launched S-two, its next-generation prover developed by StarkWare, now powering every block on mainnet with Circle STARK technology. Replacing Stone after six years, S-two delivers up to 100x faster and cheaper proofs, reducing costs from dollars to dimes and processing times from minutes to seconds. Built on the M31 field and written in Rust, it supports both Cairo and AIR definitions, offering unmatched flexibility for developers.
S-two enables client-side proving and decentralized proof generation, paving the way for private DeFi, zk-ID, verifiable AI, and a fully decentralized proving ecosystem.
Lute introduced its social trading ecosystem on Solana, combining high-speed execution with community-driven features. Users can earn rewards by sharing tokens, calling trades in groups, or using referral links. The platform enables friends to view each other’s trades, positions, and PnL in real time, with entry and exit points displayed directly on charts.
Cleopetra has launched in limited access, introducing a one-click liquidity terminal for Solana DEXs. Powered by Meteora and Jupiter, the platform lets users deploy preset LP strategies, automate rebalancing, take-profit and stop-loss settings, and earn trading fees seamlessly. Upcoming features include aggregated liquidity views, advanced trading analytics, and support for multiple DEXs. Early participants can earn OG badges by reaching $1K in LP volume before December and receive 30% lifetime referral rewards.
1st has launched on Base, introducing a DEX for instant trading of locked assets. The platform allows users to buy vested tokens at a discount to spot price, trade them instantly, and receive real tokens as they unlock over time. Prices adjust dynamically with market movements. 1st has also launched Points Season 1, where traders earn 3x points for every $1 traded, with details on the points program to be revealed later.
Updates 📰
MegaETH shared details on its $MEGA public sale allocation process, emphasizing fairness for early community members and data-driven selection of long-term investors. The team used a scoring model based on onchain activity, social presence, interaction with MegaETH, and willingness to lock tokens, prioritizing deeply native users.
Following filtering, the eligible pool was reduced from 53,000 to 6,000 accounts, with allocation curves favoring high scorers and community participants—locked bids received 100% to 25% fills, while unlocked bids ranged from 30% to the $2,650 minimum. Sybil detection remains ongoing, and the public allocation checker goes live tomorrow.
Berachain confirmed that all $12.8 million from the recent BEX/Balancer v2 exploit have been fully recovered with help from a white-hat hacker, who will receive a bounty. HONEY mint/redeem is now live again, while BEX functions remain paused pending investigation. The team is preparing a system to return funds to over 1,000 affected depositors and will re-enable withdrawals once the Balancer exploit’s cause is fully resolved.
Orderly announced that $ORDER buybacks are now live, with 60% of all platform fees used every two weeks to repurchase tokens from the open market. Half of the repurchased $ORDER will be distributed to stakers, while the other half will go to the community wallet, managed through governance.
The mechanism strengthens value capture for token holders and marks a major step toward sustainable, community-driven tokenomics for the exchange layer.
Ripple announced a $500 million strategic investment led by Fortress Investment Group and Citadel Securities, valuing the company at $40 billion following a year of record growth. The raise includes participation from Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace, and follows Ripple’s $1 billion tender offer at the same valuation.
Avantis clarified that reports of upcoming $AVNT unlocks on November 9 are inaccurate, stating that all tokens vesting on schedule remain locked in an on-chain vesting contract managed by Magna Digital. No new tokens are entering circulation, and the circulating supply will remain fixed at 25.8% until February 28, 2026, when Season 3 concludes.
Avantis has launched its $AVNT buy-back dashboard, providing transparency into milestone-based buy-backs tied to platform growth and sustainability. The system aligns treasury performance with token value accrual—initially allocating 30% of protocol fees to buy-backs once Milestone 1 is reached, while the remaining 70% continues to reward LPs.
Stewards Inc. has entered a $10 million private placement and strategic partnership with the Dolomite Foundation, marking one of the first token-for-equity PIPE transactions involving a DeFi governance token. The deal, structured through a Securities Purchase Agreement, will release up to 2.45 million shares at $4.08 each across milestone-based tranches tied to the $DOLO token’s price.
The collaboration anchors Stewards’ Digital Asset Treasury initiative, integrating Dolomite’s on-chain infrastructure to enhance liquidity management, stablecoin operations, and real-world asset tokenization across its private credit and real asset divisions.
Linea has activated its dual burn mechanism, making every transaction on the network deflationary for both ETH and LINEA. All gas fees on Linea are paid in ETH, with surplus fees burned after infrastructure costs—20% as ETH and 80% converted to LINEA and burned on Ethereum mainnet. The system retroactively accounts for all fees collected since September 11, shortly after Linea’s TGE.
This design positions Linea as a perpetual buyer of its own token while reinforcing Ethereum’s economic core, aligning incentives for long-term value creation across both ecosystems.
Ether.Fi proposed a DAO vote to authorize a $50 million treasury allocation for an ETHFI buy-back program while the token trades below $3. The Foundation will execute purchases from open markets or on-chain venues, increasing buy-back volume proportionally to protocol revenue during the sub-$3 period.
All transactions will be transparently tracked via the Ether.Fi Dune dashboard. The vote runs for four days, with buy-backs commencing immediately upon approval once the price condition is met.
Ether.fi announced a partnership with Sharplink x Linea, EigenCloud, and Anchorage Digital to strengthen the connection between Delegated Asset Tokenization (DAT) and DeFi. The collaboration aims to expand institutional participation in decentralized finance by combining Ether.fi’s liquid staking infrastructure with institutional-grade custody, scalability, and liquidity
Lombard announced the acquisition of BTC.b, Avalanche’s leading Bitcoin asset with $538M in circulation, marking a major step toward building onchain Bitcoin capital markets. BTC.b will now operate exclusively on Lombard’s decentralized infrastructure as a neutral public good, supported by a 15-institution consortium, Chainlink PoR, and CCIP cross-chain bridging.
The transition, completing in Q4 2025, maintains existing contracts and integrations with Aave, GMX, and Trader Joe.
Lombard will offer two Bitcoin assets—BTC.b for permissionless exposure and LBTC for yield-bearing utility—expanding Bitcoin’s role across DeFi and institutional ecosystems.
Clearpool launched X-Pool on Flare Network in collaboration with Hex Trust, introducing institutional-grade, market-neutral yield stablecoin strategies to DeFi. The product allows users to deposit stablecoins and earn transparent, on-chain returns generated from real trading activity.
Spark announced the end of its soft launch, raising deposit caps to 250M USDT, 250M USDC, and 50K ETH. Spark Savings now offers institutional-grade, non-custodial access to real-time compounding yields, allowing users to deposit stablecoins or ETH and withdraw anytime without fees or slippage.
Sky increased its daily buyback rate to 300,000 USDS following the launch of its SKY staking module and a recent governance approval. To date, 81 million USDS has been used for open-market SKY buybacks through the protocol’s decentralized smart burn mechanism, as outlined in the Sky Atlas.
Users can track buybacks in real time via the Sky info dashboard.
Wormhole announced that the Wormhole Reserve has acquired 1 million $W, marking a key step in consolidating protocol value to support long-term ecosystem growth. The reserve serves as a strategic treasury where on-chain and off-chain revenues from Wormhole, Portal, and ecosystem applications accumulate, with proceeds continually used to strengthen the reserve.
Avantis has introduced gasless trading with social logins, removing the need for wallets, private keys, or gas fees. Powered by Privy and Gelato, users can now log in with their social accounts and execute trades seamlessly through automated, sponsored transactions.
The upgrade simplifies onboarding and ensures smooth, fee-free trading, with upcoming support for card and exchange payments and gasless execution for EOAs, making frictionless on-chain trading the new default on Avantis.
Curvance unveiled its expanding multi-sector ecosystem, integrating across DeFi, NFTs, liquid staking, and RWAs to create a unified platform for borrowing, lending, and yield generation. The project is partnering with DeFi protocols like GetaXal, Glider, Enjoyoors, Sprout, and MeowFi, while Drake Exchange, Narwhal Finance, and Bean DEX are adopting Curvance’s vault strategies for new yield loops.
Wallet integration with Haha App will bring in-app lending access, and collaborations with Renzo, Magma, and Kintsu extend capital efficiency to LSTs and LRTs
Issues ⚠️
Balancer confirmed an exploit on its V2 Composable Stable Pools that drained roughly $110–116 million across Ethereum, Base, and Sonic. The attack exploited a smart contract vulnerability in pool initialization, allowing unauthorized balance manipulation and rapid multi-pool draining.
While newer pools were paused quickly, many long-standing ones fell outside the pause window.
Balancer clarified that the incident does not affect V3 or other pool types. The team is collaborating with security firms including PeckShield and Nansen, with no indication of private key compromise.
Users are urged to withdraw from affected V2 pools, revoke contract approvals, and monitor official Balancer channels for verified updates.
Stream Finance reported that approximately $93 million in fund assets were lost under management by an external fund manager. The protocol has retained Perkins Coie LLP (represented by Keith Miller and Joseph Cutler) to lead a full investigation.
All liquid assets are being withdrawn, and both deposits and withdrawals have been temporarily suspended until the scope and cause of the loss are fully assessed.
Peapods Finance reported that the pLONGWILD Pod suffered cascading liquidations of leveraged WILD positions, causing its LP TVL to collapse from around $32 million to near zero and resulting in total losses for lenders due to bad debt. The team clarified that this was not an exploit but a market-driven liquidation event triggered by insolvency.
Peapods is coordinating with Wilder World to assess recovery options, and the Metavault Insurance Fund will fully cover the bad debt from its lending exposure. A detailed follow-up update is expected soon.
Berachain validators coordinated a purposeful network halt to conduct an emergency hard fork addressing Balancer V2–related exploits impacting the BEX. The incident primarily involved the Ethena/Honey tripool through a complex contract interaction affecting non-native assets.
The halt was implemented to ensure full fund recovery and a clean rollback solution, with the team confirming that network operations will resume once remediation is complete.
A detailed post-mortem and recovery report will follow.
Beefy Pauses Balancer V2 Products After Exploit — Beefy paused all Balancer V2 products after a reported exploit, is monitoring the situation and cooperating with Balancer to capture losses and include users in any recovery, so avoid affected pools until official updates.
Garden Finance was reportedly exploited for over $10.8 million across multiple chains. On-chain messages show a team-associated address offering the exploiter a 10% whitehat bounty, though the project has not made a public statement. All freezeable assets were swiftly swapped.
Notably, the incident follows recent criticism that Garden Finance had ignored prior victims seeking returns of stolen funds, with on-chain analyst ZachXBT highlighting that over 25% of the protocol’s total activity was linked to exploited assets from incidents such as the Bybit and Swissborg hacks.
FailSafe reported an exploit targeting Moonwell’s lending contracts on Base and Optimism, resulting in over $1 million in losses. The attack stemmed from a faulty off-chain price feed for wrstETH, which allowed the exploiter to use a small flash loan (~0.02 wrst) to repeatedly borrow more than 20 wstETH per loop due to the oracle mispricing wrstETH at around $5.8 million. Moonwell and security partners are investigating the incident, while users are advised to remain cautious.
Moonwell confirmed an oracle malfunction affecting the wrsETH price feed on both Base and Optimism, which led to misreported asset values and potential over-borrowing risks. In response, its risk manager Anthias has reduced supply and borrow caps for all Core Markets involving wrsETH to 0.1 as a precautionary measure. The team is investigating the root cause and will restore normal caps once the issue is fully understood or an alternative oracle solution is implemented.
Lucid reported temporary gas estimation issues on Plasma, caused by recent spikes in network activity that stressed some external wallet infrastructure. While a few EVM wallets are misestimating gas fees, leading to failed transactions, the Plasma network remains fully operational with zero downtime.
Users experiencing stuck transactions are advised to manually increase gas to around 500k or higher, which remains low-cost.
Lucid is coordinating with wallet teams to implement fixes and enhance node infrastructure for more reliable gas estimation as network usage continues to grow.
Elixir addressed concerns regarding Stream Finance’s xUSD exposure, claiming that deUSD remains fully backed and that Elixir holds exclusive 1:1 redemption rights with Stream for its lending position. Over the past 48 hours, Elixir claimed to have processed redemptions for 80% of all deUSD holders (excluding Stream), while Stream currently holds about 90% of deUSD’s $75 million supply.
To safeguard remaining users, Elixir snapshotted all deUSD and sdeUSD balances and says they will open a claim page for USDC redemptions, with mint/redeem functions now disabled ahead of deUSD’s planned sunset.
The team is coordinating with Euler, Morpho, Compound, and curators to manage repayment of Stream’s loan, claiming to ensure full value recovery for affected holders.
USDX crashed nearly 50%, wiping out over $250 million in market value after falling from a $500 million market cap. Lista DAO confirmed that Re7 Vault’s USDX market underwent emergency liquidations, with 3.5M USDX liquidated and 2.9M USD1 recovered, alongside $475K in penalty fees collected for collateral repurchases. Roughly $2.1M in remaining debt has been moved to a public liquidation pool, allowing open participation. The liquidation followed the community’s approval of LIP022, aimed at minimizing uncertainty and safeguarding protocol stability amid elevated contagion risks across DeFi.
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