DeFi

The ENS project said it will transfer control of a $65 million fund to the ENS Foundation while restructuring its decentralized autonomous organization (DAO). The move is intended to improve governance and increase transparency in fund management and community participation. The fund transfer is framed as a step toward greater decentralization within the ENS ecosystem, while the DAO overhaul aims to strengthen governance efficiency and decision fairness.

Jupiter launched Lend v2 on Solana on August 10, adding optional Smart Collateral and Smart Debt features that let borrowed assets act as DEX liquidity and earn trading fees while in a lending position. The upgrade also introduces Lifetime PnL, which records the cumulative profit and loss for each position over its lifespan. On the same day, JupSOL had $396.0 million in total value locked and Jupiter’s perpetual futures venue held $702.6 million in open interest.

reUSD is now live on Jupiter Lend in the Solana ecosystem, allowing users to deposit reUSD as collateral and borrow jupUSD. The lending market on JupiterExchange totals $2B. reUSD is positioned as a bridge between onchain capital and real-world risk, backed by a diversified $510.5M portfolio covering 700,000+ U.S. policyholders.

BitGo has started migrating its $7.4 billion Wrapped Bitcoin (WBTC) ecosystem to Chainlink’s CrossChain Interoperability Protocol (CCIP). The move follows the KelpDAO rsETH bridge hack earlier this year that resulted in about $292 million in losses, which raised questions around LayerZero’s security. The WBTC transition is expected to help shift nearly $15 billion in digital assets from LayerZero’s framework to Chainlink’s protocol, highlighting how bridge risk is pushing issuers toward alternative interoperability standards.

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.