Today in DeFi - Coinbase Launches Smart Wallet, Sanctum Introduces $CLOUD, Taiko Airdrop Claim Live, Options Strategy on LRT with ~30% APY, and more...
Launches π
Coinbase launched Smart Wallet, a self-custodial wallet that simplifies on-chain onboarding and enhances security. Smart Wallets allow users to access their wallets using FaceID or Google profiles and use their Coinbase balance to pay for on-chain transactions.
Iota launched the mainnet of IOTA EVM, an EVM-compatible Layer 2 for the Iota network. IOTA EVM introduces features like smart contracts, cross-chain functionality, parallel processing, and enhanced security against MEV.
Spectra (formerly APWine), a yield derivatives protocol, is live. Spectra allows anyone to create pools, trade yield or fixed rates, provide liquidity, etc.
Updates π°
Sanctum introduces the $CLOUD governance token and will airdrop 10% of the initial 18% allocation to Wonderland Season 1 participants (S1 is now closed).
StakeWise osETH is now multichain and live on Arbitrum using Wormholeβs NTT framework.
Upcoming β³
PoolTogether DAO proposed to cap POOL supply by disabling Governance's ability to mint new POOL. The proposal also seeks to distribute the remaining POOL in Treasury through a long-term liquidity mining program on all chains PoolTogether is deployed to.
Airdrops πͺ
Taiko L2βs airdrop claim is now live. 5% (~50M tokens) is now claimable for eligible users. The claim window will be from June 5 to July 5.
Revert Finance launched retrospective points for users who have used Revertβs tools. Revert also launched Revert Points Phase 1, allowing users to earn points with a 1.5 multiplier on points earned.
Mask Network launched staking season 1 on Ethereum. Users can now stake their $MASK to earn points and share 700,000 $RSS3 and 40,000 $TON in the Season 1 program.
Farms π§π»βπΎ
Syrup by Maple Finance is offering 15.7% Net APY on USDC.
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Options Strategy on LRT with ~30% APY
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