ChainCatcher news, according to official information, the RWA stablecoin yield protocol R2 has announced that the first round of the testnet will officially end at 24:00 Beijing time on June 15. This round of testing lasted nearly two months, attracting over 270,000 independent users to participate in interactions, with daily active users stabilizing at over 40,000, and community engagement continuing to rise.R2 stated that in the coming days, they will conduct statistics and verification of multi-chain interaction data to ensure the accuracy of the test data and the fairness of reward distribution. The final testnet is expected to go live on June 23, at which time multiple new features will be opened, including cross-chain bridging, multi-chain support, yield claiming and withdrawal, secondary market trading, and leaderboard mechanisms.R2 is building a stablecoin protocol aimed at real-world asset (RWA) yields, committed to providing users with a convenient, stable, transparent, and secure on-chain compliant yield channel. Currently, R2 has become the official LP of Ondo Finance, Superstate, and DigiFT, and is actively expanding cooperation with leading RWA issuers such as Securitize, Fasanara, and Franklin Templeton.

ChainCatcher news, the on-chain staking and yield protocol HashPower has announced the completion of a $4 million strategic financing round, with participation from HashKey Group, FBG Capital, Hailstone Labs, and DePIN X Capital. This financing will accelerate HashPower's expansion of decentralized mining capabilities, optimize staking yields, and build digital asset and AI infrastructure.HashPower provides users with staking yields and infrastructure services through its globally distributed node network and user-friendly platform protocol. Previously, HashPower signed memorandums of understanding (MOU) worth $60 million with several projects, including Aethir, Multiple Network, XPIN Network, Planck Network, DI Foundation, Inferix, Bitcoin on Base, and Automata Network. The parties will engage in deep cooperation in areas such as ecological growth, joint research and development, and the deployment of decentralized mining, computing power, and AI infrastructure.

ChainCatcher news reports that the RWA stablecoin yield protocol R2 has announced a partnership with Arbitrum, completing the deployment on the Ethereum Layer 2 network Arbitrum testnet, marking a key step in its multi-chain ecosystem strategy. With the mature DeFi infrastructure and efficient interaction experience of Arbitrum, R2 will further expand the application scenarios of stablecoin products in the multi-chain ecosystem.Currently, users can claim test tokens through the official Discord and experience the minting, staking, and liquidity operations of R2USD on the Arbitrum Sepolia testnet, as well as earn points by participating in task activities.R2 is committed to creating a next-generation stablecoin protocol with real yields, redeemability, and high transparency, with underlying assets covering diversified yield sources such as on-chain U.S. Treasury bonds and compliant MMF strategies. Since the launch of the testnet, R2 has completed deployments on multiple test networks including Plume, ETH Sepolia, and Arbitrum Sepolia, attracting over 90,000 users to participate in just one week. In the future, R2 will continue to expand multi-chain ecosystem access and further enrich product scenarios.

ChainCatcher news, the RWA stablecoin yield protocol R2 has announced the completion of its deployment on the Plume testnet, marking a key step in its multi-chain strategy. Plume is a high-performance Layer 1 public chain focused on the RWA track (RWAFi), dedicated to providing infrastructure support for bringing real assets on-chain.Since the testnet went live 5 days ago, the R2 protocol has attracted over 55,000 users globally to participate in interactions. Users can claim test tokens through Discord to experience features such as minting R2USD, staking R2USD, BTC, ETH, and earn points as rewards.The official statement indicates that R2 will soon integrate more test networks, continuously expanding its multi-chain ecosystem and enriching the pathways for underlying asset access. R2 aims to create the next generation of stablecoin protocols with real yields, convertibility, and transparency, with underlying assets covering on-chain U.S. Treasury bonds, compliant MMF strategies, and other diversified yield sources. The mainnet is expected to officially launch in the second quarter of 2025.

ChainCatcher news, official news, R2Protocol has successfully completed the KYB review and asset verification of Ondo Finance, officially becoming its liquidity provider (LP), and will include OUSG in the underlying asset portfolio of R2USD. Both parties will continue to deepen cooperation in the fields of stablecoins and real-world yields (RWA Yield), jointly promoting the development of on-chain real yield infrastructure. R2 is also in communication with several compliant MMFs and will announce more news soon.It is reported that the R2 testnet will officially launch at 13:00 Beijing time on April 17, during which users can participate in interactive tasks through official platforms and earn simulated yields and double points rewards.

ChainCatcher news, the first stablecoin yield protocol R2 built on TradFi & RWA has announced that its testnet will officially launch at 13:00 Beijing time on April 17. R2 is committed to integrating Real-World Assets, traditional finance (TradFi), and decentralized finance (DeFi) to create the next generation of stablecoin yield solutions.During the testing period, users can claim test tokens through Discord, mint R2USD stablecoins, and participate in staking and other interactive activities to earn simulated yields. The official also launches a dual points reward mechanism called Signals + Pulses, where points accumulated during the testing period can be exchanged for R2 mainnet tokens according to the rules after the mainnet goes live. In addition, R2 will also launch interactive tasks on platforms like Galxe and Intract, and introduce an invitation mechanism to incentivize community growth and reward early users.As a pioneer project in the RWAFi track, R2 has reached cooperation with several leading protocols such as Ondo Finance, actively expanding the application of R2USD in DeFi scenarios. It is reported that the R2 mainnet is expected to officially launch in the second quarter of 2025.

ChainCatcher news, the crypto yield protocol developer Avant has completed a $6.5 million seed round financing, with a post-money valuation of $25 million, with participation from Superlayer, Avalaunch, GoGoPool, Daybreak Digital, and Linda Kreitzman. Founder Rhett Shipp stated that Avant was established in June of this year, began informal discussions with investors in May, but officially started fundraising in October and concluded earlier this month.According to reports, Avant has issued a "stable value" token called avUSD, which can be staked to earn savUSD (the yield version of avUSD). The Avant Protocol is still in its early stages, operating in an "early access" mode that only allows a select group of whitelisted addresses to mint and stake avUSD. Shipp mentioned, "The whitelist will expand in the coming weeks." He also added that avUSD and savUSD are planned for a full public release in December. (The Block)

ChainCatcher message, the yield protocol MonoSwap on Blast has reported a hack. Please do not add liquidity or stake in its mining pool at this time. If users have staked positions, please withdraw immediately to avoid loss of funds. The team is currently investigating the attack.

ChainCatcher news, according to official sources, the on-chain yield protocol Doubler, based on the Martingale strategy, has joined the Manta Network ecosystem and has launched a new round of Liquidity Airdrop. Users participating in Doubler through the Manta Pacific network can receive up to 10% of the total token supply as DBR airdrop.Doubler provides users with a low-threshold on-chain Martingale trading strategy, where users only need to deposit ETH. The Martingale strategy will attract new users to add positions when prices drop, lowering the average holding price for all users, and generating profits when prices rebound.

ChainCatcher news, according to Cointelegraph, hackers successfully stole funds by exploiting the smart contracts of the now-defunct decentralized finance (DeFi) lending protocol Yield Protocol.Yield Protocol shut down in December 2023, citing difficulties in meeting business demands and global regulatory pressures. After the shutdown, Yield Protocol repeatedly advised investors to close their positions, withdraw funds, and repay outstanding loans. Despite the warnings, an unknown hacker still stole approximately $181,000 worth of crypto assets from Yield's strategic contracts on the Arbitrum blockchain. The hacking incident was first announced by blockchain investigation firm PeckShield and later confirmed by CertiK.Following an investigation, CertiK found: "The attacker exploited the discrepancy between the mining pool token balance and the total supply of flash loan assets, then withdrew additional mining pool tokens." Official support for Yield Protocol ended on February 2, and attempts to recover the stolen funds from the hacker seem unlikely.

ChainCatcher news, the multi-chain yield protocol Magpie announces integration with the Ethereum restaking protocol EigenLayer, and the establishment of the SubDAO organization Eigenpie.It is reported that Eigenpie will provide restaking services through the EigenLayer framework, with the mainnet set to launch after an audit. In addition, Eigenpie will also introduce the governance and revenue-sharing token EGP.

ChainCatcher news, the decentralized fixed-rate lending protocol Yield Protocol has announced that it will cease operations, with insufficient demand and an uncertain regulatory environment being the key driving factors behind the decision to stop operations. The platform peaked in April 2022, attracting over $22 million in TVL, while the current TVL is just over $2 million. According to RootData, Yield Protocol completed a $10 million funding round in June 2021, with participation from Paradigm, Framework Ventures, CMS, and Robot Ventures.

ChainCatcher news, the decentralized stablecoin yield protocol Zunami Protocol has completed its angel round financing, with participants including Cream Finance and individual investors such as Curve founder Michael Egorov, Mr. Block, Convex members on Twitter named C2tP and Winthorpe, a Twitter user named Hubirb, as well as other Stake DAO contributors and AladdinDAO core contributor pauls.It is reported that this round of financing will be used for the development and auditing of Zunami V2, which is planned to be launched in November.ChainCatcher previously reported that Zunami Protocol was attacked in August, resulting in a loss of $2.2 million.

ChainCatcher news, according to CoinDesk, the developers of the DeFi yield protocol Pendle Finance stated that Pendle Finance will use MakerDao's boosted Savings (sDAI) and Flux Finance's stablecoin fUSDC to develop its first tokenized product based on real-world assets (RWA).Pendle co-founder and CEO TN Lee said, "RWA has entered the DeFi space, and Pendle is able to provide traditional financial tools such as interest rate derivatives, swaps, and fixed income to help users manage yields."Yesterday's news, Binance Labs announced an investment in Pendle Finance.

ChainCatcher news, according to official sources, Binance Labs announced an investment in the DeFi yield protocol Pendle Finance. The funds will be used to expand Project Fylde's reach across various blockchain ecosystems, providing retail and institutional users with opportunities to earn DeFi yields.

ChainCatcher news, the liquidity yield protocol based on BNB Chain Helio Protocol announced a strategic merger with staking infrastructure provider Synclub. The two parties will establish a new foundation by the end of the year, responsible for overseeing the revenue and operations of both projects. If a governance token is launched, it will serve as the governance entity for the two projects under the foundation.It is reported that this merger aims to position Helio Protocol at the forefront of LST and stablecoin innovation, with upcoming plans including various LST collateral options, enabling HAY to be accessible across multiple blockchains, and introducing innovative use cases for HAY and SnBNB.

ChainCatcher news, according to PeckShieldAlert monitoring, the leveraged yield protocol Rodeo Finance on Arbitrum is suspected to have been attacked, with current estimated losses of about $180,000. (source link)

ChainCatcher news, according to CoinDesk, the DeFi yield protocol Pendle Finance, based on Ethereum and Arbitrum, will expand to BNB Chain.Pendle developer RightSide stated that Pendle's goal is to establish a liquidity foundation for LSDs so that other LSD and LSDFi protocols can join and build new products on this foundation. (Source link)