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Pendle launches Pendle Earn. Pendle Earn earns fixed yields on major assets including stablecoins and LSTs, lowering the barrier to access DeFi yields.
Axelar introduces Interchain Token Service (ITS), supporting Interchain Tokens that preserve cross-chain fungibility and custom functionality. ITS allows teams to easily manage supply and features through the creation of Interchain Tokens.
Options protocol Rysk launches the ETH/USDC Dynamic Hedging Vault (DHV) on Arbitrum. DHV allows LPs to generate returns on USDC by market-making ETH options trades. DHV is at capacity as of writing.
Fantom-based DEX Hector Network voted to liquidate its $16m treasury following Multichain, Fantom losses.
Stargate launches the USDC pool on Fantom with STG liquidity rewards live. Stargate now supports transfers between Fantom, Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, and Optimism.
A week after the ~880k hack, Arbitrum-based yield protocol Rodeo published a recovery plan that will allow LPs to withdraw what they originally deposited in the protocol.
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