Popular L2, Arbitrum, regains steam as the Arbitrum Odyssey returns, coinciding with the passing of their short-term incentive program. Ethereum launched their new testnet Holesky successfully, aiming to target the lack of testnet funds on Goerli. Finally, Celestia announces their airdrop, rewarding users of rollups, Cosmosstakers and Github contributors.
Huge week for DeFi! Let’s dive deeper into what went down in DeFi this past week.
Overview: ETF Hopes Bring Markets Higher
Total value locked (TVL) across all chains climbed higher as markets jumped upwards in anticipation of the upcoming releases of several ETH Futures ETFs. Notable increases include ConsenSys-backed L2, Linea, alt-L1 chain, Sui, and Bitcoin L2, Stacks, which all saw TVL increases in the 30% range.
Welcome to Alpha Central
Paramonoww covers the rise and fall of L1 blockchain, Solana, its resurgence and where it could stand in the future among the many other chains.
The latest Ethereum testnet, Holesky, has finally been launched, after an initial hiccup which resulted in a slight delay. Holesky seeks to solve the issue of limited ETH tokens on the Goerli testnet, opening the Holesky testnet with two billion testnet ETH.
Vault protocol, Yearn Finance, unveils the launch date for veYFI as 19 October. VeYFI or vote-escrowed YFI, will give holders additional benefits, boosts on discounted tokens and possibly future protocol incentive programs.
Popular Telegram bot, Banana Gun, opens claims for revenue sharing on the platform. Users can now claim their share of revenue on the site, with a maximum of one claim every 24 hours and a minimum amount of 0.1 ETH. Rewards paid out in BANANA will be bought up from liquidity pools and are not issued through inflation.
Dominant Telegram bot, Unibot, deploys their Friendtech sniping bot, allowing users to snipe keys of users on the popular SocialFi application based on when new keys are created or when the selected users meet specific criteria.
Ator Protocol releases the tokenomics for their native token, ATOR. Ator seeks to incentivize the decentralization of open internet relay providers via on-chain rewards, to strengthen The Onion Router (Tor) network.
Arbitrum-based stablecoin protocol, Vesta Finance, votes to dissolve the protocol after a governance vote. VSTA holders have an unlimited time to redeem a prorated share of the protocol treasury with their tokens.
Lending protocol, Notional Finance, launches their V3 Beta on the Arbitrum network. Notional V3 brings to the protocol new leveraged yield strategies as well as variable and fixed borrowing and lending solutions.
Options vault protocol, Dopex, deploys their CLAMM MVP product as part of the Dopex V2 upgrade. CLAMM allows users to deposit liquidity into concentrated positions, allowing them to boost trading fees earned while providing greater flexibility to option buyers.
Synthetic trading DEX, Gains Network, releases gTrade v6.4.1, bringing to the protocol their latest tokenomics update, which increases revenue share to GNS stakers by 60-80%. Current stakers will have to migrate to the new pool to benefit from the change.
Data availability layer, Celestia, announces their much anticipated airdrop. The airdrop snapshot was taken on 1 January 2023 and grants tokens to ATOM and OSMO stakers, Ethereum and rollup active users and GitHub contributors to selected repositories. The airdrop will be claimable from 17 October with Celestia’s genesis block.
Stay updated on your favorite projects and stay tuned for next week’s edition, and keep supporting your favorite projects, degens!
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