Crypto Startup Update
Crypto Startup Update
👀 Crypto Shake-Up Incoming?
On May 6th, 2024, a report highlighted 17 promising crypto startups to monitor. One of the key developments mentioned was the implementation of a v2 liquidation mechanism. The report stated that the Dutch auction model would be retained, with additional custom flows introduced for advanced users.
17 crypto startups to watch 👀 v2 liquidation mechanism highlighted. we'll keep the dutch auction model + add custom flows for advanced users. sifted.eu/articles/block…
Pendle Expands to Euler BNB with PT-sUSDE Support
Euler Finance has expanded its integration with Pendle to the BNB Smart Chain, now supporting PT-sUSDE from Ethena Labs as collateral. This follows recent UI improvements across the platform. Key updates: - PT-sUSDE collateral support with looping functionality - Curated by Apostro - Available on BNB Smart Chain network The platform recently underwent a major UI overhaul featuring: - Streamlined position creation - Enhanced portfolio management - Improved transaction builder - Real-time TVL tracking [Try PT loops on Euler BNB](https://app.euler.finance/strategies?correlated=false&collateralAsset=PT-sUSDE-26JUN2025&network=bnbsmartchain)
Avalanche Protocol Sees Surge in Deposits
A new lending protocol on Avalanche blockchain has demonstrated significant growth in deposits: - $65M in deposits within first 24 hours - $100M total deposits achieved in 3 days - Reached $145M in deposits after 10 days The protocol's rapid growth suggests strong market demand for decentralized lending services on the Avalanche network. The consistent deposit rate indicates sustained user interest beyond initial launch.
Euler Expands on BNB with Re7Labs Stablecoin Market
Euler has enhanced its presence on BNB Chain with a new Re7Labs market specifically optimized for stablecoin loops. The expansion includes: - $20,000 in incentive rewards - Integration with Aegis points system (currently active) - Upcoming Lista DAO points integration This follows Euler's successful deployment on Sonic Labs, which featured: - $100,000 rEUL incentives - MEV and Re7 curated markets - Support for major assets including stS, wS, scETH, USDC.e - Near-zero gas fees and high-speed execution
BNB Yield Strategies Update: High APYs and Negative Borrowing Rates
Several notable yield opportunities have emerged on BNB chain through rEUL-powered strategies: - USDC suppliers can earn a substantial 15.50% APY - USDT borrowers receive a negative -4.27% APY (effectively getting paid to borrow) - Advanced strategies available: * WBNB/USDC loop offering up to 268% max ROE * Ethena sUSDe loop with 82% max ROE potential These rates represent current market conditions and may fluctuate. Always conduct thorough research before engaging in any DeFi strategies.
Euler Welcomes Zerolend as New Curator on Berachain
Euler Finance has officially onboarded Zerolend as a curator for their lending super app. The partnership launches with: - First market on Berachain with 5 projects - $50,000 in incentives distributed across $POLLEN, $ZERO, $EO, and $REUL tokens This expansion follows Euler's recent growth as the fastest-growing lending protocol. The platform enables builders to create various lending solutions including: - Lending aggregators - Credit delegation markets - Permissioned markets - Fixed-rate lending - Lending optimizers - Yield tokenization [Explore Zerolend on bEuler](https://app.euler.finance/?market=zerolend-bera-party&network=berachain)