Solv on Solana
• @SolvProtocol has publicly launched SolvBTC.JUP, its BTC-based LST on @solana, after a successful pilot phase
• This integration allows Bitcoin holders to earn BTC-denominated yield through Solana’s @JupiterExchange while maintaining liquidity and minimizing risk via hedged strategies
• Users deposit BTC to mint SolvBTC and receive SolvBTC.JUP, which accrues yield from liquidity pools
Spark Liquidity Layer
• The @sparkdotfi Liquidity Layer addresses USD stablecoin liquidity fragmentation in DeFi, optimizing liquidity flow across chains and protocols through an automated system
• Building on SparkLend, which enabled large-scale DeFi borrowing without rate disruption, Spark utilizes a $4 billion USDC balance borrowed at treasury rates to inject liquidity instantly and efficiently into DeFi, earning higher returns and supporting stablecoin adoption
• Spark has already deployed significant funds into protocols like Morpho and AAVE and aims to to offer liquidity operations across DeFi with a multichain, cross-protocol approach
Adrena Awakening
• @AdrenaProtocol's "Pre-Season: Awakening" is a six-week trading competition running from November 11 to December 23, aimed at increasing user engagement and trading volume
• raders are ranked by cumulative closed trade volume, with participants divided into four divisions based on performance
• Rewards include a total of 1.915M $ADX, 19,000 $JTO, and commemorative profile badges for the top 80%
DuckChain Mainnet
• @Duck_Chain Mainnet has launched with a $1 million prize pool on the TON blockchain
• As the first EVM-compatible consumer layer on TON, DuckChain bridges Web2 and Web3 by tokenizing Telegram Stars for seamless user onboarding
• The Mainnet introduces multi-asset support (TON, BTC, ETH, USDT) and aims to grow the ecosystem with nearly 50 integrated projects
Introducing IOTA Rebased
• @iota introduced IOTA Rebased, releasing the production-ready network, wallet, and libraries
• The IOTA Rebased protocol features:
⇢ Full decentralization with 150 validators
⇢ Parallelized MoveVM and EVM support
⇢ 50k+ TPS with <500ms finality
⇢ Very low transaction fees with fee burn mechanism
⇢ 10-15% $IOTA staking APY
• IOTA Rebased will allow the IOTA L1 to support both EVM and MoveVM. The parallelized DAG-ledger on the L1 will offer MoveVM while the EVM-compatible L2 will allow more dApps to integrate with IOTA
ME Tokenomics
• @MagicEden announced the tokenomics for their $ME token
• $ME will have a 1b total supply emitted over 4 years with more than half going towards the community. 12.5% of the supply will be airdropped towards users
• The team confirmed that TGE will be happening soon and there will be an eligibility checkers for users to check their allocations