In recent developments within the decentralized finance (DeFi) space, several protocols have introduced new incentives aimed at enhancing liquidity and yield for users. Aave has launched $ETHx incentives, allowing users to supply $ETHx liquidity and unlock rewards of up to 7%. Meanwhile, the Flat Money Market has reported a significant increase in yields, with $UNIT offering an average annual percentage yield (APY) of 26.86%, which is 8.5% higher than the highest stablecoin yield. Additionally, $UNIT's yield has spiked to 32% APY as demand for leveraged positions in rETH rises. The incentives for the wOETH pool from Origin Protocol have also been updated, now including rewards in $oARB, with a total of 24,000 ARB allocated for distribution over the coming weeks. Other notable mentions include a trading incentive program on gTrade's Arbitrum platform, which will distribute 186,798 $ARB this week, and Pendle's increased rewards for PT pools, raising incentives from 300 to 500 $ARB per week. Overall, these developments reflect a competitive landscape in DeFi, with various protocols vying to attract liquidity and users through attractive yield offerings.
There is once again a free Arb opportunity for LPs that want to bridge $wOETH from mainnet to Arbitrum and rebalance the pool. Meanwhile LPs are printing 32% APR here btw. https://t.co/1Jp0MHsr6G
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Pendle is incentivizing the PT pools on GammaSwap with additional $ARB rewards for Phase 2, from 300 $ARB per week to 500 $ARB per week per PT pool Earn 2-11% APY in esARB incentives, 5-19% APY in $ARB rewards from Pendle, 5x gamma points, 2x etherfi points and eigen points https://t.co/mLs7UzeYPt