TermMax Launches V2 Vaults, Metamask Card 15% Cashback, Flying Tulip Launching on Sonic, and many more...
Launches 🚀
Jupiter launches its new desktop wallet, expanding beyond mobile to offer a seamless, secure trading experience. The wallet introduces Jupiter Sync for QR-based key transfers, Ultra-powered swaps with just 0.1% fees, built-in PnL analysis, and hardware wallet compatibility. Users can sign in via Google, Apple, Discord, or X, with upcoming features including DeFi position tracking and NFT support.
Kodiak launched its Perps platform, letting users trade major tokens with up to 100x leverage powered by Orderly Network’s unified liquidity. To celebrate, Kodiak announced a $100K Halloween Trading Competition running until November 1, with prizes for top volume, PnL, affiliates, and even biggest losses.
MetaMask launched perpetual futures trading on its mobile app, enabling users to long or short tokens with up to 40x leverage. The rollout marks the start of MetaMask’s trading era, with rewards and an exclusive Polymarket integration coming soon, alongside confirmed plans for a MetaMask token.
TermMax launched its first V2 Vault, where deposits earn passive yield from Aave before being matched, allowing liquidity to serve multiple markets simultaneously. The upgrade enhances capital efficiency across the TermMax ecosystem.
Updates 📰
Ethena partnered with UR Global to integrate USDe into UR’s neobank platform, offering users in 45+ countries up to 5% APY on USDe holdings and zero off-ramp fees for fiat conversions. USDe spending via Mastercard debit cards will follow soon, expanding USDe’s role in real-world finance.
Flying Tulip released a new documentation hub centralizing resources for users and developers across its DeFi ecosystem. The site includes product overviews, user guides, SDKs, API docs, branding assets, and community links—aimed at making DeFi concepts accessible while offering technical depth for builders.
Plume acquired Dinero, creator of ipxETH and other institutional LSTs with $125M+ TVL, expanding its RWAfi ecosystem for ETH, SOL, and BTC. The move strengthens Plume’s push for compliant, yield-bearing assets amid rising institutional adoption.
MetaMask Card reintroduced its Coinmunity Cashback program, now offering up to 15% crypto cashback on every purchase. The reward size depends on the pool’s balance at the time of spending, with Wednesdays and Thursdays providing the best chance for full rewards after the pool resets.
Users have seven days to claim cashback before unclaimed rewards return to the pool.
PistachioFi launched Apple Pay deposits for Ethereum and Base, allowing U.S. users to buy crypto in one tap with no fees on the first $50K. The feature simplifies onboarding with instant, hassle-free deposits directly from Apple Pay.
HyperLend added USDH by Native Markets as a new asset, allowing users to borrow USDH against HYPE or supply it to earn yield. The team cautioned users about collateral volatility and liquidation risks, advising prudent risk management.
Maple issued its first ETH-backed institutional loan on Linea, marking the protocol’s expansion of institutional credit products to new chains.
Babylon introduced its Trustless Bitcoin Vault Protocol, enabling native BTC to participate in DeFi across chains without bridges or custodians. Vaults will launch first on Ethereum, with expansion to other networks later.
The protocol aims to unlock $100B in Bitcoin liquidity while expanding BABY token utilities through governance, fees, and buybacks.
Morpho released the open-source code for Vaults V2, emphasizing permissionless design and transparency as it builds the foundation for decentralized, internet-native finance.
Resolv Foundation executed its weekly buyback, purchasing 368K RESOLV tokens worth $40K at an average price of $0.108, funded by 78% of protocol fees generated during the week.
Plume registered a transfer agent with the U.S. SEC, advancing its mission to bring regulated securities onchain. The move enables on-chain cap tables, trade reporting to SEC and DTCC, and native fund administration for issuers and asset managers.
Ondo Finance completed its acquisition of Oasis Pro, securing SEC-registered broker-dealer, ATS, and transfer agent licenses. The move gives Ondo one of the most comprehensive U.S. regulatory frameworks for digital assets, enabling it to build regulated markets for tokenized securities.
Through Oasis Pro, Ondo gains infrastructure for asset tokenization, primary offerings, and secondary trading across equities, debt, and RWAs, positioning it for the projected $18T tokenized securities market by 2033.
Ranger integrated Hyperliquid, giving users access to deep perpetual liquidity and optimized execution directly within the app. Traders can deposit funds or use just-in-time bridging for best-price routing, marking Ranger’s move toward becoming the unified hub for onchain perps.
Sky Protocol repurchased 39 million SKY in September using about 3 million USDS, bringing total buyback spending to nearly 78 million USDS. The decentralized buyback mechanism operates under parameters outlined in the Sky Atlas, governed by the Sky Ecosystem.
Issues ⚠️
0xngmi from DeFiLlama reported that Aster’s trading volumes have begun mirroring Binance perp volumes almost exactly, raising concerns of potential wash trading. Due to Aster’s lack of accessible order-level data for verification, DeFiLlama will delist Aster perp volumes pending further investigation.
Rage Trade announced it is winding down operations and returning funds to investors and token holders. Liquid holders will be settled at $0.42 per RAGE, investors at 2.1× entry, and team members via allocations or severance. Unclaimed vault deposits will be refunded, with a snapshot already taken.
The team advised users not to trade RAGE, as app deprecation is underway and no claim action is required.
MIM reported a security incident affecting deprecated V4 cauldrons on Ethereum, where an attacker minted 1.79M MIM worth $1.8m. The DAO Treasury quickly mitigated the issue, repurchased the affected tokens, and fully reversed the impact with no user funds lost.
Borrowing remains paused as the codebase undergoes review, and information leading to the attacker’s identification qualifies for a bug bounty.
