DeFi

DeFi
PiggyBank's LAB Hedge Fails, Cutting USDC Vault NAV by 15%
A Solana yield protocol's bet on a contested mid-cap token turned a dollar-stable vault into one nursing double-digit losses. Depositors are waiting on a promised post-mortem.

DeFi
DeFi Saver announces Reward program as part of Hyperliquid integration
DeFi Saver has officially integrated Hyperliquid, the leading perpetual futures DEX, bringing futures trading and DeFi lending into one unified interface. A 50,000 USDC two-season incentives campaign opens June 8th.

DeFi
Chainlink CCIP Draws $1.1 Billion in Value in One Week as Virtuals Join Migration Wave
Chainlink's CCIP drew over $1.1 billion in token value this week as Virtuals Protocol, Pleasing Market, and Zest Protocol joined a migration wave that has now moved nearly $5 billion in total value away from LayerZero since April's Kelp DAO exploit.

DeFi
apxUSD Loses Dollar Peg as Bitcoin Slide Squeezes STRC-Backed Collateral
Apyx Finance's apxUSD stablecoin slipped to $0.94 after Bitcoin fell to $63K, the first concrete peg break in the chain linking Strategy's BTC treasury to on-chain dollar instruments.

DeFi
0x Opens Cross-Chain API to All Developers with 12 Bridge Partners on Day One
0x Protocol has opened its Cross-Chain API to general availability with 12 bridge providers live from day one, including Circle, LayerZero, Stargate and Across — accessible through a single API integration.

DeFi
Sky Launches Fixed-Rate Yield Product Built on Pendle, Targeting $6B sUSDS Pool
Sky (formerly MakerDAO) launched Fixed Yield on Wednesday — a term-based alternative to the variable Sky Savings Rate built on Pendle Protocol v2, giving sUSDS depositors a locked rate to a named maturity date.

DeFi
PENDLE Token Goes Live on Revolut, Reaching 20M EEA Crypto Traders
The yield-tokenization protocol's $233M-mcap token is now buyable inside Revolut's MiCA-licensed crypto app across the UK, EU, Norway, Iceland and Liechtenstein — the second on-chain yield protocol to land on the fintech's regulated rails after Maple's SYRUP in April.

DeFi
Builder-Deployed Perp Markets Push Hyperliquid to Record Share of Global Perps Volume
Hyperliquid's HIP-3 framework — which lets anyone deploy a perpetual futures market on the protocol's settlement layer — cleared $62 billion in May volume, pushing the venue to a record 6.63% share of global perps and 14.4% against Binance.

DeFi
Coinbase Ventures Buys ENA on the Open Market as Coinbase and Ethena Strike Distribution Deal
The exchange's venture arm bought ENA tokens directly on the open market rather than through a private round, the first such disclosed purchase, alongside a partnership to push Ethena's onchain dollar and savings products into Coinbase's userbase.

DeFi
US Court Lifts Circle Freeze on Zama's $12.5M cUSDC Contract After Three-Day Lockout
A federal judge in the Northern District of California reversed the temporary restraining order that had pushed Circle to blacklist the privacy protocol's wrapper, restoring funds to depositors caught in a civil dispute they were not party to.



