DAY 348 // DEFI UPDATE
@Uniswap launched the VolatilePair Hook on Ethereum mainnet, starting with ETH/USDC.
A hook is an add-on that changes how a Uniswap v4 pool behaves.
It sets a separate fee for each side of the trade and shifts both with the market.
After a big move, trades that push price back pay a temporary fee.
Volatile pairs did over $500B in volume on Uniswap this year.
@merkl_xyz is distributing 20,000 USDC in rewards on the new ETH/USDC VolatilePair pool until 28 October.
The
@pendle_fi Ecosystem High Yield USDC vault is live on
@Morpho.
It is co-curated by Pendle and Armitage, the vault curation arm of
@wintermute_t.
Co-curated means both teams pick where the vault's money goes.
At launch it allocates across three PT markets: PT-reUSD, PT-USDat and PT-USD3.
A PT (principal token) locks in a fixed rate until maturity.
It runs alongside the existing Ecosystem USDC vault.
Apyx launched new $apxUSD and $apyUSD markets on Pendle, with maturity on 10 February 2027.
PTs offer fixed rates up to about 15% APY.
YTs (yield tokens) offer leveraged yield plus points.
LPs, the liquidity providers, are also open.
Apyx also published its September attestation from Wolf & Company.
An attestation is an outside firm's check of the reserves.
It verifies reserves and collateral for its products.
@LiquityProtocol's ysyBOLD went live as collateral on
@InverseFinance FiRM.
It enables fixed rate DOLA borrows against about 5% compounding yield, with borrower incentives through Merkl.
The market reached $1M TVL in under 24 hours.
TVL is total value locked, the money deposited in a market.
@monad confirmed the integration of
@onrefinance's ONyc, a reinsurance yield token, through
@plumenetwork Vaults.
This expands RWA access from Solana to Monad.
RWAs are real-world assets turned into tokens.
Morpho powered yield is now available privately to millions of
@deel users through Tempo Zones.
Idle balances are routed to
@SentoraHQ curated Morpho vaults.
Stocks on
@aave now earn 3% yield, and Merkl distributes the rewards.
FX100 from
@protocol_fx launched race season.
It is a six week Guild quest campaign on testnet where traders earn XP that counts toward mainnet.
It also highlights the 15 minute liquidation protection window.