Demex Daily #327: Sonic Labs Launches DeFi Points Program

What’s Interesting Today:

Sonic Labs has introduced a points program to reward users through three types of points: Passive Points, earned by holding whitelisted assets in Web3 wallets; Activity Points, earned by deploying these assets as liquidity on participating apps; and App Points (Gems), where apps compete for Sonic Gems to distribute S tokens through custom points programs. The initiative aims to boost liquidity and strengthen the DeFi ecosystem, offering users the chance to earn points while participating in various apps. The program includes a points dashboard, leaderboard, and additional resources for tracking progress and qualifying for a $200M airdrop.

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Uniswap Labs is integrating its Trading API with Ledger Live, allowing users to swap tokens directly within the app while maintaining control of their assets via Ledger hardware wallets. The integration features "clear signing," enabling human-readable transaction details for secure DeFi swaps without the need for hot wallets or intermediaries. Initially supporting Ethereum, the integration focuses on token swaps, such as converting Ether to stablecoins. The partnership aims to enhance self-custody and security for DeFi users, with long-term plans to support universal exchange. Additionally, a vulnerability in the Uniswap Wallet was flagged by BitsLab, though Uniswap has not yet responded.

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