Earn Digest #2 - [March 31 - April 4, 2025]

Paraswap Rebrands to Velora

• New Identity: DEX aggregator ParaSwap has rebranded as VeloraDEX, signaling a fresh strategic direction.
• Delta v2.5 Launch: The new Delta v2.5 upgrade introduces intent-based trading and enhanced MEV protection.
• Cross-Chain Focus: Velora is positioned to improve cross-chain execution and user flexibility across DeFi platforms.

Sonic Labs Shifts Strategy

• Stablecoin Pivot: Sonic Labs has canceled its USD-pegged algorithmic stablecoin project.
• New Direction: The team is now developing a dirham-denominated stablecoin aligned with the UAE’s upcoming digital currency rollout.
• Geopolitical Alignment: This pivot reflects a growing trend of regional stablecoins responding to national digital currency frameworks.

Curve Finance Reports Q1 Surge

• Volume Growth: Curve Finance processed nearly $35 billion in trading volume during Q1 2025.
• On-Chain Activity: Transaction counts surged even as total value locked (TVL) adjusted to ~$1.8 billion.
• Market Resilience: The data highlights robust on-chain activity despite broader market volatility.

Protocol Updates

• Walrus Protocol: Mainnet is now live, offering new on-chain data capabilities.
• TaoFi Expansion: TaoFi launched on the Bittensor network, enabling USDC bridging into taoUSD and activating new yield staking mechanisms.

Thanks for reading this week’s update.

Until next week, happy staking!