Today in DeFi - ETH ETF Potential Approval, Lyra LRT Yield Tokens Live, Spark Pre-farming Season 2, High Yield ETH LPing + Points, and more...

Launches 🚀

• Sanko Mainnet, a crypto gaming L3 based on Arbitrum Orbit, is live. Sanko was originally a video streaming app (SankoTV) on Arbitrum. Sanko users can now bridge DMT from Arbitrum to Sanko via the native Sanko bridge.

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Updates 📰

• Lyra launched C-Token (covered call tokens), the first tokenized derivative that earns yield from options premiums, ETH staking rewards, EigenLayer points, boosted re-staking points, and Lyra points. Users can now deposit weETH and rswETH to start earning yields.

• Uniswap Labs and Across Protocol introduced a new Ethereum token standard called ERC-7683. ERC-7683 aims to create a universal filler network for all cross-chain intents to follow for better interoperability.

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Upcoming ⏳

• The SEC asked exchanges to update 19b-4 filings on an accelerated basis for spot Ether ETFs. ETF analysts have increased the odds of spot Ether ETF approval to 75% from 25%.

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Airdrops 🪂

• Spark Lend’s SPK Pre-farming Season 2 begins on May 20th at 14:26 UTC and ends when SPK and the Spark SubDAO launch. 6.66 million SPK will be distributed to eligible SparkLend users on Ethereum based on ETH deposit/ DAI borrowing amount and duration of their positions.

• Avantis launched a trade-to-earn campaign on Base L2, allowing users to earn 250,000 USDC in rewards over 16 weeks, Avantis merch, and the Discord roles.

• Equation V3 is live, allowing users to trade perps with 0 trading fees + 150x leverage.

  • Equation’s Weekly Trading Competition & Profit Rate Mining are also live.

  • Traders ranking in the top 10 on the profit rate leaderboard will receive USDT prizes, and extra rewards for ranking in the top 3 (1st $2000, 2nd $1000, 3rd $500)

  • Today in DeFi is supported in part by Equation

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Farms 🧑🏻‍🌾

• Stake your GHO to earn ~41% APR from AAVE and Merit Program

  • Today in DeFi is supported in part by ACI

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Token Buyback Proposal, Rewards Allocation, High Yield ETH LPing + Points, …