BOLD & sBOLD Collateral Features on Euler Finance

Morpho Labs has introduced the BOLD reactor vault, developed by Clearstar Labs, offering borrowing capabilities against multiple auto-compounding assets: - WBTC, cbBTC, cbETH: 86% LTV - ysyBOLD, sBOLD: 91.5% LTV The vault expands Morpho's existing services, which include interest-earning deposits and borrowing across various markets. Users can now access these features through their [vault platform](https://app.morpho.org/ethereum/vault/0xfBC84DBfAA2196853FdB6cAE52ef8F56DD76770a/bold-reactor). This launch complements Morpho's presence on Base network, where users can already borrow assets like USDC against cbETH collateral.

Liquity has launched its V2 bug bounty program on Cantina platform, following the completion of their audit competition which ran from March 21 to April 27, 2025. The audit competition offered up to $350K in rewards for security researchers. Key points: - Bug bounty program is now active - Follows successful audit competition period - Available through [Cantina platform](https://cantina.xyz) Security researchers can now submit vulnerability findings through the Cantina platform for review and potential rewards.

sBOLD, a new yield-bearing token, has launched on Spectra Finance with several key features: - Offers leveraged exposure to 20+ potential airdrops - Provides ~7% stablecoin base rate - Can be used as collateral on Euler Finance - Supports borrowing with up to 92.5% LTV (95% LLTV) - Auto-compounds BOLD yield - Audited by Chain Security and Dedaub The token enables users to earn protocol yield while borrowing, and can be integrated across DeFi platforms and money markets. Users can deposit sBOLD (earning 6%) and borrow USDC at 4.7% rates for additional leverage opportunities.

Two protocols have submitted the first proposals to compete for $BOLD emissions through PIL, with $LQTY stakers as decision makers: - **SmarDex**: Introduced $USDN, a yield-generating synthetic dollar backed by delta-neutral ETH longs on their perp DEX - **EkuboProtocol**: Presents an AMM protocol featuring super-concentrated liquidity Voting hasn't started yet but proposals are expected to be finalized soon. This follows the recent activation of the bribing mechanism, which allocates 20K $BOLD weekly for V2 ecosystem expansion. [Learn more about SmarDex](https://shorturl.at/S9ePk) [Learn more about Ekubo](https://shorturl.at/DyaAh)