Soul Protocol, a decentralized finance (DeFi) platform that facilitates cross-chain liquidity coordination, has announced the launch of its $SO token and an upcoming public token sale. The $SO token launch is designed to be transparent and community-focused, with 25% of the total supply allocated to the community through a fair public sale scheduled for May 16, 2025. Unlike many token launches that involve venture capital (VC) allocations or private discounts, Soul Protocol's token distribution excludes VC allocations, key opinion leader discounts, and insider allocations. The $SO token offers live utility at launch, including governance rights, fee sharing from protocol revenues, emissions control, boosted yields through staking, and revenue sharing. Soul Protocol previously raised $4 million in a VC private round but will sell tokens to the community at the same fully diluted valuation (FDV) as the VCs, with tokens fully unlocked at the token generation event (TGE). Additionally, other DeFi updates include Jupiter launching Ultra v2, Lido launching V3 testnet, Trust Wallet introducing Stablecoin Earn, Believe app launching a new feature to create coins tied to projects, and Milky Way and Hyperliquid announcing upcoming airdrop claims and staking fee systems respectively.