Today in DeFi - Soneium Testnet Launch, Polygon POL Upgrade Details, Boosted Sky Token Rewards, Farm 22% APY on Stables and Earn Triple Points, and more..

Launches 🚀

• Soneium, a blockchain initiative by Sony Block Solutions Labs, has launched the Soneium Minato Testnet. This Ethereum Layer-2 solution is designed to support Web3 adoption and assist builders with a fast, cost-effective development environment compatible with Ethereum.

• Matchain, a decentralized AI blockchain, has launched its mainnet. Users can explore the ecosystem with tools such as the Matchain Explorer for tracking transactions, a Wallet Setup Guide for network integration, and the BNB Bridge for transferring tokens from the BNB Chain.

• Affine DeFi, a platform offering research-backed liquid restaking, has introduced ultraETHs on the Linea network. This Layer 2 native symbiotic liquid restaking token (LRT) allows users to restake ETH to mint ultraETHs and earn ultraPoints, which include symbiotic points and Linea LXP-L points.

• Mezo, a bitcoin economic layer built by Thesis, has launched Acre's yield-bearing stBTC token on its Bitcoin Layer 2 network. The stBTC token enables users to earn returns while maintaining exposure to Bitcoin.

• Kaia, developed by Kakao and LINE, has launched its Layer-1 blockchain mainnet. The network features ultra-low gas fees and one-second finality, and integrates with Kakao and LINE messaging apps to support DeFi, gaming, real-world assets, and web3-based applications.

• YieldNest has announced that the migration of primeETH to ynLSDe is now live. Users holding primeETH are encouraged to migrate to access new earning opportunities and benefits, including YieldNest Seeds bonuses, Pioneer NFT rewards, and additional airdrops.

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Updates 📰

• Polygon has introduced the POL Upgrade for MATIC holders. Users with MATIC on Ethereum can manually upgrade today using the Polygon Portal Interface. MATIC on Polygon PoS and staked MATIC on Ethereum will automatically upgrade to POL on September 4. There is no deadline for manual upgrades.

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Issues 🚨

• TON has reported additional disruption in block production starting at 19:19 UTC, which appears to be related to the high load from DOGS token minting. TON Core is working on resolving the issue and has assured users that their crypto assets remain secure. Further updates will be provided as the situation develops.

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Upcoming ⏳

• Abstract has introduced the Abstract Global Wallet (AGW), allowing users to create and fund accounts via email, socials, or passkeys without requiring extensions or seed phrases. The wallet features an embedded signer and a smart contract wallet, leveraging Abstract's account abstraction protocol and gas sponsorship.

• Merkle Trade, a gamified perp DEX, has announced the launch of its Liquidity Bootstrapping Auction (LBA) at 12:00 UTC on August 29th. Following the LBA, the liquidity pool will be listed on Liquidswap by Pontem Network.

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Airdrops 🪂

• Sky, previously known as Maker protocol, has announced that early users can earn boosted Sky Token rewards by signing up on Sky.money, following SkyEcosystem on X, sharing the brand announcement, and connecting their wallets.

• Hamster Kombat, a Telegram-based game, has scheduled its token airdrop for September 26th. The airdrop will distribute 60% of its tokens to players, with the remaining tokens allocated for market liquidity, partnerships, and rewards.

• Posemesh, a universal spatial computing protocol, held its $AUKI token generation event (TGE) on August 28, 2024.

• Daniel, the founder of Swell, has announced in the Discord channel that the $SWELL token generation event (TGE) will take place in September. A special Loyalty Bonus will be included in the airdrop for community members, based on earliness and ongoing commitment.

• ACI has announced the start of “Endless Summer,” which include +100k USDC per month in incentives to Aave users on Base and 13k AVAX per week for users on Avalanche.

  • Today in DeFi is supported in part by ACI

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Farm 22% APY on stables and earn triple points