Today in DeFi - Concentric 1.8M Hack, tBTC Options on Solana, EigenPie Launching, Cross-Chain Lending with Airdrop Potential, and more...
Liquidity manager protocol Concentric Finance was exploited on Arbitrum and lost over $1.8M due to a targeted social engineering attack on one of their team members holding the deployer wallet. The protocol will be halted and the team advises users to revoke approvals to related protocol addresses.
Ethereum privacy protocol Nocturne has been sunset as the team found that privacy is not a primary concern for users, and the team will redirect efforts toward a new product in the application space.
Nocturne V1 deposits are now closed, and funds can be withdrawn for one year at http://app.nocturne.xyz
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Solana option AMM SDX Markets team up with Threshold Network to expand BTC option markets on Solana.
Radpie launches Auto-looping on BnB Chain and Arbitrum. This feature regularly monitors Radiant protocol for deposits, borrowing, and RDNT reward rates. It then optimizes the leverage of the Radpie pool to enhance yields and steer clear of periods with elevated borrowing costs.
Eigenpie has integrated with EigenLayer and will launch soon to allow users to restake their ETH positions, thereby maximizing their passive income potential.
One of Ajna v1 pools will start the process of burning AJNA on Jan 24.
Ajna implements a reserve auction system. Periodically, a portion of the reserves are sold for AJNA tokens, the tokens then get permanently burned, reducing the overall AJNA token supply.
Liquid staking protocol Swell Network’s admin mentioned in Discord that $SWELL tokenomics will be released around the same time as TGE in Q1.
UmamiDAO launched GM vaults that allow single-sided LP farming with USDC and ETH, and ARB incentives are coming soon.
Clearpool offers good yields on USDC and USDT lending.
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