
The decentralized finance (DeFi) ecosystem has seen significant developments recently. Over $29 million worth of $BLAST is being utilized within the Blast Ecosystem, with 8.4% of the total $BLAST supply engaged in DeFi activities. Strategies for maximizing returns include wrapping $BLAST via Wasabi Protocol. Additionally, the Metamorphosis campaign by Mantle introduces cmETH, a new liquid restaking token, aimed at governing $1.6 billion in staked ETH. Starting July 1st, depositing $mETH will earn users Powder points, which can later be converted to $COOK. Moreover, new 3x vaults for $BLAST have been added to foster the Blast ecosystem, offering governance voting, gold farming, and additional rewards. MakerDAO has also proposed increasing weETH capacity due to high demand, with deposits reaching several million since mid-June. The campaign also involves Dolomite_io and has similarities to EigenLayer, offering Symbiotic points.
Which liquid staking protocol do you use? @0xMantle has just unveiled its new campaign for $mETH holders, with rewards in the form of a brand-new governance token. Read more here: https://t.co/2j7Ffsw6BP https://t.co/R13torGmX9
In an effort to continue fostering the @Blast_L2 ecosystem, we have just added two new 3x vaults: Spot long $Blast & V3 Blast/wETH. Both vaults have been setup to delegated governance voting on accrued $Blast and will earn future $Blast points + additional Gold and Rewards 🧑🌾
A new proposal to increase weETH capacity is up for voting in the Maker Governance Portal. Since mid-June, weETH has seen strong demand, with deposits reaching several million within the first weeks of its integration into SparkLend. Due to this demand, the @phoenixlabsdev team… https://t.co/0SqhIpB6JU
