GM Pink 🧠 Here is the top important DeFi news to pay attention to this week đŸ§”
@ResolvLabs the registration deadline for the Resolv Airdrop is May 16
$RESOLV genesis event registration is live: Registration is a mandatory step to participate in the airdrop claim. Deadline: May 16 at 23:59 UTC.
@KaitoAI is expected to announce a tokenomics upgrade with a time-weighted element and a loyalty element to reward $KAITO stakers, diamond-handed yappers, this week
for those we missed it - Post BOOP, Newton is also allocating up to 25bps to Kaito eco this is increasingly becoming the norm we work with projects to activate the entire Kaito eco and reward the most aligned / diamond handed yappers and stakers as we move into our earn and drop season - future drops will have a time-weighted element and a loyalty element time weighted to disproportionally reward early believers loyalty (undisrupted staking - threshold will be published) to disproportionally reward diamond hands more details will be out next week believers will eat
@Stacks will increase the cap for sBTC on May 15
sBTC Cap-3 launches May 15. Another step toward becoming the largest Bitcoin Layer in making BTC productive. Mark your calendar.
@boopdotfun announced an early end to its airdrop due to abuse and the current mechanism not delivering the expected value.
Update on the BOOP Airdrop We’re ending new airdrop claims, and doing it ahead of schedule. Here’s why: the current airdrop setup isn’t working the way we hoped. Instead of creating value across the platform, it’s being gamed in ways that undermines the experience for everyone. We set out with good intentions, but we failed in designing the airdrop incentives in a way that promoted healthy behaviour for the ecosystem, and that’s on us. As of now, we’ve made the decision to stop what isn’t working. If you already have a vesting allocation, you're all good. Those are still active and can be accelerated by hitting milestones. The unclaimed BOOP, except for a small portion set aside for Kaito, will be redirected into a new reward system. This will roll out within the next 1-2 weeks. This new approach is designed to better support meaningful coin launches and reward builders who are here for the long haul. Day one energy. Long-term vision. We’re here to change the game.
Leading Japanese bank SMBC partners with @AvaLabs and Fireblocks to test yen-backed stablecoins and RWA settlement on Avalanche
Could a single stablecoin pilot reshape Japan’s financial rails?  SMBC is teaming up with @FireblocksHQ, @AvaLabs, and TIS to test yen‑backed wholesale payments and RWA settlement on Avalanche. Here’s what’s inside👇
@etherlink announced its 4th upgrade proposal, aiming to lower fees, boosting Etherlink with the Tezos Data Availability Layer, faster withdraw of FA tokens and more
Announcing Dionysus 🍇🎭 Etherlink Mainnet's 4th upgrade proposal is here! ‱ Lower fees under high load ⛜ ‱ Boosting Etherlink with the @tezos DAL đŸ’Ÿ ‱ Improved support for large transactions 🚛 ‱ Enabling fast withdrawals of FA tokens âšĄïž ‱ EVM Dencun support ⚒
@SkyEcosystem The proposal to upgrade $MKR to $SKY has been approved SKY staking will be launched with new collateral parameters and $USDS rewards.
The poll to finalize the upgrade from MKR to SKY has been approved. The proposal lays out a plan to: ‱ Define the process to upgrade the governance token of the Sky Protocol from MKR to SKY. ‱ Disable SKY-to-MKR conversion in the existing converter. ‱ Deploy a new contract allowing MKR to SKY conversion at 1:24,000 with an adjustable penalty. ‱ Enable SKY as the governance token of the Sky Ecosystem Governance. ‱ Launch SKY staking with new collateral parameters and USDS rewards. ‱ And other key changes required to complete the upgrade from MKR to SKY. As the final step in the voting cycle, this proposal will be included in an upcoming Executive Vote. If approved, it will authorize the required deployments.
@sns $SNS airdrop claim will open tomorrow 2B $SNS tokens will be claimable during this airdrop.
The $SNS airdrop claim opens on May 13. You’ve got 2 days to get ready. Here's your note on what to expect ↓
Zootosis, the biggest DeFi event on @MorphLayer with @MitosisOrg is rolling out Main assets: WETH, WBTC, USDC, USDT to get Zoots, that are redeemable for Morph and Mitosis token rewards at the end of the event
🧬 Welcome to Zootosis The yield expedition begins now on Morph, in our biggest DeFi event yet with @MitosisOrg. Deposit assets, access dual rewards, and take part in the first Matrix Vault deployment on Morph. Enter Zootosis ↓
@ether_fi's fundamentals look strong. $ETHFI buybacks will be done on a weekly basis. 100% of ETHFI purchased will be remitted to $ETHFI holders
This week 137 ETH ($320k) was used to buy 437k $ETHFI Moving forward $ETHFI buybacks will be done weekly using withdrawal fee revenue, and monthly using all other protocol revenue. 100% of $ETHFI purchased will be remitted to staked $ETHFI holders. Fundamentals szn is coming
@SonicLabs is going to make a big announcement on May 15
Shards. Thursday, May 15.
@eulerfinance season 2 of Boost rewards on @avax 286% yield with leverages Keep your eyes on Avax DeFi
Season 2 of Boost rewards are live on @eulerfinance on @avax đŸ”ș Earn 10% - 34% APY on USDC, USDT, AUSD, deUSD, sdeUSD, and savUSD deposits Earn 52% - 286% APY with Euler leveraged strats
@MagicNewton Genesis Launch is live on @base Magic Newton is a platform for verifiable AI agents in crypto. It lets users automate tasks like portfolio rebalancing or recurring buys without giving up private keys
Proud to share the vision of Base and their community as we empower everyone to bring the world onchain. The Newton Genesis Launch is live on Base.
23.09K
21
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.