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Every week, the Octav team handpicks announcements from newly-supported protocols on Octav to show what they’re up to, and what you can do with them.
This week, we’ve got plenty of opportunities for the Solana and Avalanche believers: BTC staking vaults, SocialFi, lossless lotteries with rewards…Read to find out more!
The Arena launches its L1
The Avalanche SocialFi app The Arena has passed its first governance vote and with a 90% majority, the choice is clear: the community wants the Arena team to build their very own L1, with ARENA serving as its native gas token.
Further proposals will be elaborated in 2025, to develop the Arena team’s vision in building a solid ecosystem.
The Arena on Avalanche is now tracked on Octav.
Upshift x MNNC: Institutional strategies on LFJ
Upshift Finance and MNNC Group have teamed up to bring new vaults on Avalanche:
Built on LFJ (fka Trader Joe)’s Liquidity Book and powered by August Digital, users can deposit AUSD on Upshift to earn yield, and get access to exclusive institutional strategies on LFJ.
Upshift on Avalanche is now tracked on Octav.
Make Your Staking Superb with Neutral Trade
Forget HODLing only: your bitcoin can work for you with Neutral Trade’s BTC Super Staking Vault.
Make good use of Solana’s lightning-fast network, and stake Bitcoin through wBTC on Neutral Trade with an APY around ~20% to get yourself extra rewards through yield sourced from JLP fees and hedge positions against ETH and SOL.
Neutral Trade on Solana is now tracked on Octav.
Base’s New Morpho Vault
Gauntlet has launched a new Morpho vault on Base Mainnet:
Much like in the Neutral Trade alpha above, you can use your Bitcoin here too! Supply cbBTC in this vault by Gauntlet, and get yourself some risk-adjusted yield and extra MORPHO rewards while doing so.
Gauntlet on Solana is now tracked on Octav.
Lossless lottery on Solana: Zelo
Zelo is a brand new protocol that’s just launched on Solana that’s partnering with Jito, and using it is real simple:
Begin by depositing SOL, and it’ll be automatically converted into JitoSOL as staking supply. The more people stake, the more users will reap its rewards: the total yield is split between 5 winners every week, the jackpot constantly adjusted with growing staking deposits.
The deposits are kept secure after every raffle, meaning that you don’t lose anything if you don’t get picked by the raffle: leave your SOL deposit in, and you’ll always have a chance to win! There’s nothing to lose. To add to this, Jito supports 5 extra winners each week to earn JTO rewards.
Zelo on Solana is now tracked on Octav.
This week’s developments showcase the continuing evolution and maturation of the DeFi space. From new use cases for your Bitcoin to SocialFi developments, these protocols are at the forefront of what’s possible in DeFi. They’re now all tracked on Octav, so users can now look at their activity on them with many analytics and monitoring features.
Note that this article is for informational purposes only and should not be considered financial advice. Always DYOR (Do your own research!)
With accurate labeling and analysis of your DeFi portfolio, Octav is a helpful tool for CFOs, asset managers, and accountants working in various organizations such as hedge funds, family offices or financial institutions. Thanks to our thorough and accurate database, Octav makes DeFi more accessible, serving as an essential guide for understanding cost basis, profit & loss, crypto taxes, and more.
Sign up for Octav Pro today and gain significant advantages for the day-to-day management of your crypto activities: unify all wallets you work with under one bundle to save time and let automated reports send you updates on your organization’s finances without having to analyze it yourself. Monitor your holdings on our Treasury page, and be transparent by sharing it publicly with your DAO members or the rest of your team. Whether you’re the CFO of a business, an accounting professional or a DAO treasury leader, use Octav to make DeFi management a breeze!
Are you a DAO in need of advanced treasury analytics? Octav offers demos upon request.
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