DeFi

Constant Finance, a fixed-rate, fixed-term DeFi lending protocol, today announced that the public beta of its lending product is now available on Ethereum’s Sepolia testnet, giving borrowers and lenders a hands-on way to explore loans with an agreed rate and maturity.

The two Ethereum launch pools pair USDC with USDT and USDG; corrective trades outside the price band face a fee that falls each block.

The Valinor BDC Exposure Fund buys the listed equity of business development companies, charges 1.25% on top of the fees those BDCs already charge, and accepts daily redemptions capped at 7.5% of net asset value a day. None of its 499,157 shares have been tokenized.

Oak HC/FT led the round with NEA, Coinbase Ventures, Lightspeed Faction and OpenFX participating, taking total funding to $43 million. Latitude's own site breaks its "45 U.S. markets" into 39 money transmission licences, one state registration and five no-action letters.

The bank said Wednesday it moved value between its North American and European entities with USBDC, a dollar-backed token it issued on Stellar. The pilot tested minting, redemption, freezing and clawback. XLM trades at $0.18, down 3.1% on the day.

The evergreen fund opens with $400 million from the two sponsors and targets up to $3 billion from outside institutions. Fasanara manages the investments while Tether originates USDT-linked deals and runs settlement. USDT supply stands at $183.4 billion.

The Stacks ecosystem today announced that Bitcoin Staking is live, with 21shares, HashKey Cloud, UTXO Management (Nakamoto Inc. subsidiary), and Sypher Capital participating in the Genesis Bond, the first institutional bonding period for Bitcoin Staking on Stacks.

Pump.fun opened token launches to quote assets beyond SOL and USDC on Wednesday afternoon, putting the count at 93 pairs including tokenized Nvidia, Tesla and the S&P 500. Half the revenue from the new pairs goes to the PUMP buyback-and-burn contract. The deepest of the new quote assets holds $3.07 million of liquidity.

Goens said Zora is now under 10 people after a headcount reduction this year and named ZORA buybacks among his first priorities. Fees from the protocol’s Base deployment are down 99% from a year ago.

The committee behind Arbitrum's grant-misuse bounty program wants Good Entry, Limitless and APX Finance barred from all future DAO programs. None has replied to the forum thread, and three Snapshot votes could open as early as Sept. 10.