Here's what happened last week in DeFi: Plasma has officially launched its mainnet and native token XPL. Spiral Stake opened deposits, offering up to 100% APY. YieldBasis deposits are now live, allowing BTC holders to LP into Curve using a 2× leverage. Gate launched Gate Layer, a new OP Stack Layer 2 anchored by GateChain. Ethena deployed USDe and sUSDe on Plasm Spark partnered with PayPal to expand PYUSD supply. Jito launched the early mainnet version of BAM (Block Assembly Marketplace) YZi Labs expanded its investment in Ethena Labs. Vitalik Buterin said low-risk DeFi has the potential to become Ethereum’s economic backbone, similar to Google's search business. MetaMask added native USDC deposit support for Hyperliquid perps Circle launched native USDC and CCTP V2 on HyperEVM with full partner support UXLINK reported a major security breach after a malicious actor minted over $160M worth of unauthorized tokens on Arbitrum Follow for weekly updates, and find more...
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