Angle Protocol to Launch Stablecoins on Mode Network
Angle Protocol to Launch Stablecoins on Mode Network
🚀 Stablecoins invade Mode...
Angle Protocol has announced plans to launch two stablecoins, $USDA and $EURA, on the Mode Network. This development follows a recent trend of new launches on the platform, including the introduction of $STONE by Stake Stone. Mode Network users are advised to monitor for potential liquidity provider (LP) rewards associated with these new offerings.
Multiple New Stablecoins Launch Across Different Chains
Several new stablecoins have launched in quick succession across various blockchain networks: - **sUSDC** from Spark Finance debuts on Unichain and OP Mainnets - **USDK** launches on Swellchain through OrkiFi - **USDG** releases on Ink, backed by Kraken, Robinhood, and Anchorage Digital All tokens feature: - Trading pairs with WETH - Additional pairs with USDT/USDe - Active liquidity mining programs - Ongoing emissions and incentives *Each launch represents continued expansion in the stablecoin ecosystem across multiple chains.*
Latest Velodrome LP Rewards Update
Velodrome's latest Slipstream liquidity pool rewards show strong yields across key pairs. The USDC-WLD pool leads with ~365% APR, followed by USDC-SNX at ~264% and USDC-OP at ~252%. Other notable pools include WETH-VELO (~180%), USDC-wstETH (~171%), and WETH-WCT (~102%). These rates represent a slight decrease from April's figures, where similar pairs showed higher yields (USDC-SNX at ~423%, USDC-WLD at ~348%). The protocol continues to maintain competitive yields across the Optimism ecosystem.
Soneium ACS Campaign Rewards Distribution Announced
Soneium's 100-day ACS Campaign is concluding with rewards distribution set for June 10. Key points: - Total reward pool: 100M ASTR - Special OG Badge for contributors with 1,000+ ACS - Claims will be processed through [claim-acs.astar.network/en](https://claim-acs.astar.network/en) The campaign featured multiple seasons of liquidity provision across various pools including WETH/USDC, ASTR/WETH, and USDT/USDC pairs. **Permanent onchain badges** will commemorate significant contributors. Participants should prepare to claim their rewards on the designated platform.
Velodrome Maintains Market Leadership on Soneium
Velodrome continues its strong performance on Soneium, maintaining its position as the leading DEX platform. Recent highlights: - Achieved #1 DEX status with highest trading volume - Consistently outperforming all other DEXs combined - Sustained $30M+ weekly trading volume This follows a pattern of growth, with recent weeks showing more than double the average volume compared to previous months. *Trading metrics indicate sustained market dominance rather than temporary spike.*
Velodrome DEX Marks 3 Years with $31B Volume Milestone
Velodrome celebrates its third anniversary with impressive growth metrics: - **$31 Billion** in lifetime trading volume - **$26 Million+** in lifetime fees - Dominates as #1 DEX across 8 chains including OP Mainnet, Soneium, and Mode Network - **56%** of $VELO tokens locked with 3.6-year average duration - **91%** of locks are auto-maximized The protocol, launched in 2022, has established itself as the leading DEX on the Optimism Superchain. Year three performance exceeded the first two years combined, demonstrating accelerating growth and adoption.