DeFi Brief
Ethena launches their perpetual DEX,
#hyena , built on Hyperliquid, in collaboration with BasedApp. HyENA is currently invite-only and usage will grant both Ethena points and BasedApp XP.
Synthetix introduces
#Wick Insurance, a system to prevent users from being liquidated for a short period of time to protect against flash crashes.
Solana liquidity protocol, Meteora, introduces a series of new features, including on-chain limit orders on DLMM pools, quote-only fees, auto-vaults, and more.
#BTC and
#ETH yield protocol, Yield Basis, introduces plans for their next milestone, the fee switch, which seeks to distribute fees to veYB token holders.
Source: Binance News / Bitdegree / Coindesk /
#CoinMarketCap / Cointelegraph / Decrypt
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