Today in the decentralized finance (DeFi) space, there are several exciting updates and developments taking place. One of the major announcements is the launch of RainFi, a peer-to-peer NFT lending protocol on the Solana blockchain. The platform allows users to lend SOL, USDC, or mSOL, and borrow SOL using their NFTs as collateral, providing a new way for NFT holders to access liquidity. This is a significant step forward for the Solana ecosystem and the DeFi space as a whole.
In addition to RainFi, there are several other noteworthy updates in the DeFi space. IOTX holders can now participate in liquid staking through Bedrock, allowing them to stake IOTX and receive reward-accruing uniIOTX. This provides IOTX holders with a new way to earn rewards on their holdings.
Aerodrome has also launched Relay, which enables automated voting, reward claims, compounding, and locking, providing users with more efficient and user-friendly tools for participating in DeFi protocols. CowSwap has introduced Milkman, a contract for delayed execution trading, giving DAOs and smart contract wallet users the ability to set dynamic price backstops for future orders.
Derivatives protocol Deri V4 has expanded to zkSync Era and Linea L2, offering users more options for trading derivatives on layer 2 solutions. The ApeCoin community has proposed the deployment of ApeChain on Optimism, further expanding the ecosystem for DeFi protocols.
The dYdX community is also proposing to activate Trading Rewards and a 6-month Launch Incentive Program, providing further incentives for users to trade on the platform. Aave governance is voting to increase the GHO borrow rate on Aave V3 Ethereum to restore the peg and align borrowing costs with market rates, while Ipor plans to launch Stake Rate Swaps (SRS) next month, supporting markets for interest-rate derivatives starting with Lido’s stETH.
Finally, Wombat is set to launch on Optimism mainnet, offering users access to high-quality airdrop opportunities, high-yield farms, best project picks, and more. For a limited time, Premium Subscriptions are available at a 25% discount, providing users with access to exclusive features and insights.
Overall, the DeFi landscape is rapidly evolving, with new protocols, features, and incentives being introduced. These developments represent an exciting opportunity for users to participate in the DeFi ecosystem and explore new avenues for earning and accessing liquidity.