ETH is Back
• ETH continues to creep up (up 21% for the past 7d), further signaling Defi Renaissance era. BTC also briefly surpassed $77k
UniFi Testnet
• @puffer_finance’s UniFi, a new rollup for Ethereum, launched its testnet, offering sub-second transactions and near-instant withdrawals from L2 to L1
• Built to align economically with Ethereum, UniFi supports Ethereum validators for decentralized transaction sequencing, enhancing security and revenue for validators
• The platform, backed by Puffer’s Liquid Restaking Token (LRT) ecosystem, provides developers easy deployment for appchains and secure preconfirmations. A future feature, atomic composability, will enable seamless interactions between L1 and L2 in a single Ethereum block
f(x) Protocol v2
• The @protocol_fx v2.0 aims to improve DeFi's stablecoin and leverage products by introducing fxUSD, a hard-pegged, zero-volatility stablecoin, and xPOSITION, a non-fungible, high-leverage long position
• xUSD addresses stablecoin risks by removing centralized dependencies and scaling efficiently, while xPOSITION provides up to 10x leverage with no liquidation risk or funding fees
• The new Delta-Neutral Stability Pool, based on fxUSD or USDC deposits, earns from xPOSITION trading fees, ETH staking rewards, and FXN emissions
• This upgrade builds on v1.0’s success and seeks to support Aladdin DAO’s growth by enhancing leverage stability and demand for yield-bearing reserve collateral
The Liquidity Trifecta
• The Liquidity Trifecta Vault is an automated DeFi vault developed in partnership between @eatsleepyeet, @KodiakFi and @beradrome
• It simplifies the complex process of yield farming in the $YEET/$BERA pool, enabling users to deposit capital, earn rewards across multiple tokens, and compound earnings without manual management
• The vault automates the staking and reward collection from various protocols, including rewards in $oBERO, $BGT, $KDK, and $xKDK
• The vault operates under the ERC-4626 standard, allowing the vault LP token to be used as collateral across Berachain
0G Node Sale
• @0G_labs announced that their node sale will go live on November 11 for whitelisted users and public will be on November 13
• There will be a total of 175,000 nodes on sale over 32 tiers. The AI Alignment Nodes for sale will be used to monitor other 0G nodes
• 70% of the node supply will be reserved for whitelisted participants and the remaining 30% will be available for the public after the whitelist period. The NFTs will not be transferable during the first 12 months and the emissions for the nodes will unlock over 36 months
Introducing BounceX
• @bounce_finance introduced BounceX, a perp exchange powered by the $AUCTION token
• BounceX allow users to trade perps on leverage while using their native token - $AUCTION as a collateral asset
• BounceX gives additional utility for the $AUCTION token as a collateral asset. Aside from being used as a collateral asset for perp trading, $AUCTION also enables holders to participate in IDOs for the Bounce Launchpad, CeDeFi mining and also the Bounce Booster
Misc News
• @EclipseFND public mainnet is live