Finally, some exciting news!
Thanks to the Dojo team for spotting this opportunity almost immediately.
@Morpho The @xStocksFi market on Ethereum offers borrowing rates as high as 15% with SPYx as collateral. There's also $10 million available for lending. It's also great to see @flowdesk_co managing this market.
I believe this is the first time we've seen such an aggressive on-chain stock loan-to-value ratio (LLTV) (86%), providing investors with greater leverage before liquidation.
Currently, you can buy minting (i.e., trading minting via DEX), but @krakenfx (in partnership with xStocks) typically offers higher rates.
There's clearly a delta-neutral strategy at play here, but you should be aware that this incentive for paid lending obviously won't last forever.
Furthermore, borrowing into this market also yields approximately 8% interest.
@xStocksFi @Morpho @flowdesk_co I've been racking my brains trying to find a decent CLP trading opportunity here. It seems SPYx has virtually no liquidity, and wSPYx only has 250,000 units of liquidity, far from enough to support its potential liquidity.
Therefore, I can only accept a 1.5x leverage return.
336
0
0
42
Solana
20h ago
Follow
Last week was Solana's infrastructure acceleration week.
Progress was made in privacy, RWA, mobile, and cross-chain user experience.
Less abstract discussion.
More core systems went live.
Here's everything you missed in 90 seconds 👇
🏦 RWA and Institutional Infrastructure Expansion
• @kamino's RWA deposits surpass $1.2 billion
→ Currently leading the lending market over Aave and Morpho
• @Loopscale launches PRISM
→ Aggregates @multiliquid_xyz, @FissionXYZ, and @Securitize
→ Provides an instant settlement layer for permissioned RWA
• @maplefinance's syrupUSDT deposits surpass $1 billion
→ Two billion-dollar yield products are now available
• @kamino launches Marinade USDC Vault (managed by @Rockaway_X)
→ Earn approximately 6% yield with one click
RWA is becoming core infrastructure, not just a claim. 🔐 Privacy Protection Becomes Mainstream
• @hinkal_protocol Launches on Solana
→ Private Transactions Based on Zero-Knowledge Proofs (ZK) (Balance, Amount, and Counterparty are Hidden)
• @UmbraPrivacy Opens Public Access to its Shielding Pool
→ Powered by the @Arcium MPC Network
• @solflare Continues to Gain User Favor
→ Over $3 Million Sent via Private Send
Privacy protection is no longer optional, but built into the entire technology stack.
📱 Mobile and Consumer Expansion
• @playsolana launches Playverse (a game dApp store) on PSG1
• @sanctumso app is now available on @solanamobile
→ Earn rewards and experience points directly on your mobile device
• @Jup_Mobile launches multi-chain deposit functionality
→ Deposit your Solana wallet from Base, Arbitrum, and Sui without bridging
• @sns domain is now available on @notdotmarket
→ Identity layer expands into the trading realm
Mobile and user experience continue to improve rapidly. ⚙️ Core Protocol and Network Upgrades
• P-Token (SIMD-0266) is now available on the development network
→ Up to 19x improved transaction efficiency (mainnet coming soon)
• @Quicknode now supports USDC payments on Solana
• @colosseum announces the Solana Frontier Hackathon (April 6th to May 11th)
• @MeteoraEco launches MetClaw VibeHack V1
Infrastructure and the development ecosystem continue to accelerate.
💳 Trading DeFi & Yields
• JupiterExchange restores up to 10% USDC cashback
• orca_so launches a liquidity vault powered by Kamino
→ Automated liquidity strategies
• Backpack completes $BP token giveaway and airdrop
→ Staking = Potential equity exposure
• Rainfi airdrop query tool is now live
• cfldotfun is preparing Rookie Island
→ Lower barriers to entry + gamified trading
DeFi is becoming increasingly accessible and optimized.
📌 This Week's Highlights
Solana is strengthening its core layer:
• RWA expands into a multi-billion dollar infrastructure
• Privacy protection becomes a native feature of the app
• Mobile is evolving into a complete distribution channel
• Cross-chain user experience eliminates friction
• Network upgrades further improve performance
This is not just growth.
This is system design.
The above is Solana's update from last week 🫡
415
0
0
49
Dune | We Are Hiring!
03-31 02:34
Follow
A fascinating discussion on “Key Risk-Weighted Asset Risk in 2026: What Did We Learn?” featured speakers including:
• Simon from @gauntlet_xyz
• Sofia from @mellowprotocol
• Merlin from @Morpho
• Filippo from @Dune Research
482
0
0
34
CryptoDiffer Analytics
03-27 19:35
Follow
Fastest Growing DeFi Protocols by TVL in the Past 30 Days
The fastest growing DeFi protocols by TVL include: the distributed ETH staking infrastructure protocol @ssv_network, the decentralized lending and yield optimization protocol @Morpho, and the ETH liquidity staking protocol @LidoFinance.
496
0
0
25
Stephen | DeFi Dojo
03-27 16:59
Follow
1) $apyUSD @apyx_fi
Base Annual Interest Rate: 8.3%
Focus: @Morpho
Maximum Annual Interest Rate: 18%
Notes:
► Tokenized preferred stock (affected by STRC and SATA volatility)
► Low liquidity ($400,000)
2) $PRIME (@HastraFi / @Figure)
Base Annual Interest Rate: 7.5%
Focus: @kamino
Maximum Annual Interest Rate: 12.57%
Notes:
► PRIME is backed by Home Equity Credit Lines (HELOCs) and securitization, providing holders with short-term (30-45 days) underlying loan exposure.
► Kamino's interest rates may be highly volatile.
3) $sNUSD @Neutrl
PT-sNUSD-4JUN
Base Annual Interest Rate: 8.3%
Focus: @Morpho
Maximum Annual Interest Rate: 25%
Notes:
► Neutrl While it possesses proof of real-time solvency, it has not disclosed all of its underlying strategies, although it has verified the stablecoin collateral it uses.
4) $nOPAL @NEST_Protocol and @blackopal_fi
Base Annual Interest Rate: 11.3%
Revolving: @Morpho (Mystic)
Maximum Annual Interest Rate: 55%
Notes:
⇒ Backed by Brazilian credit card receivables
⇒ Black Opal's own assets under management (AUM) are only about $20 million
⇒ Lending rates are compressed by the PLUME incentive mechanism (although the team says this mechanism is expected to continue)
⇒ Currently extremely low liquidity (50,000 USDC)
⇒ Average redemption time is 30 minutes, up to 4 days
5) @reservoir_xyz
Base Annual Interest Rate: 4.7%
Revolving: @Morpho (11 million USDC available)
Maximum Annual Interest Rate: 16%
Notes:
⇒ While this has historically been one of the least risky investment revolves, if you use 15x leverage, a negative interest rate could result in significant losses. ⇒ They hold shares in steakhouses and smoked restaurants, which typically also hold shares in Ethena.
Disclaimer:
Ambassadors for Apyx and Neutrl, RWA enthusiasts
Join us to discuss earnings and compete for the title of Best Farmer in the dojo!
399
0
0
42
Token Terminal 📊
03-26 12:43
Follow
Morpho's active lending market share has reached a new high, primarily driven by organic and sustainable demand denominated in stablecoins.
446
0
0
35
Token Terminal 📊
03-25 21:50
Follow
The on-chain lending market has exceeded $30 billion, led by Aave and Morpho.
Lending platforms are experiencing strong growth:
Stablecoins (loan assets), as well as tokenized funds, commodities, and stocks (collateral assets), are among the fastest-growing asset classes on-chain.
304
0
0
28
Grayscale
03-25 21:45
Follow
🆕 Grayscale Research's "Top 20 Cryptocurrency Tokens" list ranks the best-performing index-eligible tokens in Q1 2026 based on volatility-adjusted returns.
$KITE $JST $DEXE $HYPE $ZRO $DCR $MORPHO $AKT $TRX $CC $RENDER $TAO $AXS $GRASS $COW $SKY $MON $GNO $QNT $ZANO
Click here to read the full report:
421
0
0
42
Stephen | DeFi Dojo
03-25 10:18
Follow
If custodians want to see TVL (total liquidity) flow back into lending aggregators like Vault, they must strengthen their risk mitigation measures.
I believe most of them will. They have to.
In the meantime, let me reveal a little-known secret in the DeFi yield space…🧵👇
Monarch() is @Morpho's direct lending platform.
It allows you to lend and borrow directly with specific types of collateral, instead of using Vault (which lends and borrows with various types of collateral) as an intermediary.
This is a tool geared towards advanced users, not the average user. Because while I really like this tool, you can suffer significant losses if you don't understand what you're doing.
Example:
In the Steam xUSD market, (if I remember correctly) xUSD is hardcoded to 1. Therefore, due to fraud, xUSD is now worthless, so 100% of the liquidity is borrowed.
The annual yield could be as high as 300,000%, but there's no mechanism to liquidate the collateral, and the collateral itself is worthless.
This means that depositing into a USDC lending account only allows previous users to exit, while you're stuck until the next unsuspecting fool makes the same mistake.
That said, for savvy investors, there are still many genuinely interesting investment opportunities.
Some of the best markets are expired PT (trading contracts) because they can be liquidated and almost always use oracles that will eventually trigger liquidation.
However, other markets are fully utilized not for risk reasons.
Currently, @noon_capital's sUSN market has reached its $7 million lending limit and pays over 30% USDC yield.
However, it does use an unknown oracle, so thorough due diligence is necessary before depositing USDC.
In short, Monarch is a fantastic tool. Please remember:
1) Understand your collateral
2) Understand your oracle
3) Understand how your deposits will dilute the annualized yield (APY)
4) Understand that you may need to wait until liquidation to exit
5) Understand market liquidation mechanisms
As I said, this applies to advanced users, not passive "farmers."
Good luck and lend wisely.
466
0
0
24
Ethereum Daily
03-23 16:51
Follow
🚨 Here's a brief recap of yesterday's hack on @ResolvLabs:
Resolv Labs' yield-based stablecoin USR suffered a major attack yesterday: attackers stole a privileged private key (SERVICE_ROLE EOA) and minted approximately 80 million unpegged USR tokens using only about $100,000 to $200,000 worth of USDC as collateral.
- USR experienced a sharp depegging → The price on the Curve exchange briefly plummeted to around $0.025 before partially recovering.
- Attackers dumped their holdings → Withdrew approximately $23 million to $25 million (mostly converted to ETH via decentralized exchanges like Curve/Uniswap).
- The protocol was quickly suspended; the collateral pool (approximately $141 million) remained intact, with only about $500,000 lost before the suspension.
- The team destroyed approximately 9 million USR held by the attacker; redemption is planned to begin today for legitimate pre-attack holders (prioritizing users on the allowed list).
The spillover effect impacted lending protocols (Morpho, Fluid, etc.) through bad debt/liquidation. @0xfluid received an emergency loan and confirmed that its bad debt has been fully covered → users suffered no losses.
A familiar point: even "secure" DeFi can have single points of failure when hybrid off-chain signatures are involved.