DeFi

Ether.fi said it has restructured its token design by fully separating restaking from its main token, weETH. Under the change, weETH becomes a plain Ethereum staking token that reflects only base staking yield, without restaking-related risk or returns. The restaking exposure is moved to a newly introduced token, weETHs. Ether.fi said the move is intended to give investors clearer product choices based on different risk preferences, positioning weETH as a simpler yield instrument.

Bitget’s yield vaults on Morph have reached $55 million in total value locked one week after launch, with the bgBTC product going live on July 31 and a USDC strategy following on August 3. On-chain data show about $32.1 million in BTC posted as collateral with $12.1 million in USDC borrowed against it, while another $23.2 million has been deposited into a Gauntlet-managed vault. The product was built with Gauntlet and Morpho and is available via Bitget Exchange and the self-custodial Bitget Wallet.

On July 5, 2026, two stcUSD wallets holding roughly 5.14M and 4.85M stcUSD were running high-leverage looping strategies on Aave with health factors around 1.03, near the liquidation threshold. The analysis describes health factors below 1.05 as a high-risk “yellow zone,” where a small rate jump or a 1–2% stablecoin soft depeg could trigger automated liquidation. The case highlights how leveraged strategies in the Aave ecosystem can be fragile, relying on collateral ratios, interest-rate swings, and stablecoin peg stability.

As of July 20, 2026, the Uniswap ecosystem has seen more than 66,000 new tokens go live with roughly $380 million in cumulative trading volume, while the total launch count referenced in the report reaches 340,000. The surge underscores Uniswap’s growing role as a decentralized issuance and price-discovery venue, but it comes with systemic frictions including a high failure rate, smart-contract risk, MEV extraction and thin liquidity. The article attributes the trend to expansion within the Uniswap ecosystem and does not describe it as being driven by other chains or centralized exchanges.

Flare Network has added FXRP, an XRP-pegged asset, as eligible collateral in Sentora’s RLUSD lending vault on Morpho, a pool sized at $280 million. The vault is described as the first institutionally curated lending vault on Ethereum mainnet to approve FXRP as collateral. The change allows XRP holders to borrow RLUSD without selling their XRP exposure, keeping their position while accessing on-chain liquidity.

Flare Network’s FXRP has been approved as collateral in a $280 million lending vault on Morpho. The integration allows XRP holders to borrow Ripple-issued stablecoin RLUSD on Ethereum without selling XRP. Users can bridge XRP to Flare and convert it into FXRP before posting collateral on Ethereum.

Flare said FXRP, a representation of XRP, has been approved as collateral in Sentora’s RLUSD Main vault on Morpho. The vault holds about $280 million in deposited RLUSD, making it the largest institutionally curated RLUSD vault on Ethereum. The approval marks the first time an XRP representation has been accepted as collateral in an institutionally curated lending vault on Ethereum. XRP holders can now borrow the RLUSD stablecoin permissionlessly on Ethereum mainnet using FXRP collateral.

In July 2026, Backpack dominated Solana-based tokenized equities, with its issued equities generating $1.06B in DEX trading volume and accounting for 73% of issuer volume for the month. Its volume was nearly unchanged from June, even as total issuer volume across the market fell 58%. The piece argues that fungibility and a credible redemption path are emerging as tangible market-structure advantages, reinforcing Backpack’s role as key infrastructure in the Solana ecosystem.

Uniswap said on 2026年8月1日 that it has launched Earn in its web app and wallet, allowing users to earn yield on USDC, USDT and ETH without lockups. The feature is provided through Uniswap’s native protocol layer and does not require third-party integrations. Users can deposit and withdraw principal at any time while receiving yield in real time. The launch underscores Uniswap’s push beyond a trading-only protocol toward a broader DeFi yield platform, strengthening its protocol revenue model and token-economy loop.

A Solana on-chain propAMM market launched by Backpack and Sunrise reported lower execution costs than the open market for $5k–$20k spot trades in SPCX, MU, SNDK and DRAM from Jun 12 to Jul 20. The market showed 24/5 two-sided costs of 0.5 bps for $5k–$10k orders and 1.3 bps for $10k–$20k orders, versus about +1 bp in the open market. The venue accounts for roughly 0.015% of U.S. trading volume in the four stocks while offering continuous pricing and tighter execution.