Odaily Planet Daily News Fantom Foundation announced on the X platform that the third Sonic governance proposal was passed, involving ecosystem grants, new token destruction mechanisms, and innovative programs such as Sonic Spark and Sonic University. It is reported that in the next six years, the Sonic Foundation will allocate a portion of tokens as operating funds for Sonic Labs to manage dApps, BD partnerships, and network growth between the growing existing and new user communities. In addition, if the community decides to control the inflation rate at 1.5% per year for six years, 47,625,000 tokens will be minted each year (3,175,000,000 x 1.5%), and if Sonic Labs only uses 5,000,000 tokens that year, the Sonic Foundation will destroy the remaining tokens (42,625,000).

Odaily Planet Daily News Kamino announced the introduction of PYUSD on X and officially launched an incentive campaign. The incentives will be continuously updated based on the inflow of funds. In the future, users only need to deposit funds into the main market of Kamino Lend to receive rewards paid in PYUSD. The more deposits, the higher the rewards. As a large amount of funds flow into Kamino Lend, the liquidity of PYUSD will grow, enabling more use cases. Ultimately, the Kamino x PYUSD campaign will promote PYUSD to become the most ideal stablecoin choice on the Solana chain. Earlier today, Jupiter announced on the X platform that the stablecoin PYUSD is online on Jupiter and will also be available in all Jupiter payment integrations.

Odaily Planet Daily News: Polkadot community members Alice und Bob recently released the Polkadot Treasury report for the first half of 2024 on the official governance forum. The key points are as follows: 1. The Treasury allocated $87 million (US$11 million) in the first half of 2024, of which 13% of expenditures came from executive entities (bounties and collectives); 2. The Treasury manages $245 million (38 million DOTs) in assets, of which $188 million (29 million DOTs) are liquid assets; 3. Stablecoins: $8 million of its cash reserves are stablecoins USDT and USDC, and another 2.5 million DOTs (US$16 million) are used to continuously buy stablecoins; 4. Designated assets: $24.5 million (3.8 million DOTs) are allocated to several executive entities (bounties and collectives) of Polkadot for strategic initiatives such as marketing, DeFi tools, games, and BD 5. Polkadot has provided 1.6 million DOTs (about 10 million US dollars) of its own assets as liquidity to the DeFi market in the ecosystem; 6. At the current spending rate, Treasury still has about 2 years of runway time (the volatility of the treasury denominated in cryptocurrency may affect this length of time).

Odaily Planet Daily News: Aave founder Stani Kulechov posted on the X platform that Aave has worked with Aptos to build the first non-EVM codebase of Aave Protocol V3 in Move. The proposal from the Aptos Foundation is part of the Aave 2030 plan to expand the Aave protocol beyond the EVM network. According to previous reports, the Aptos Foundation has proposed a proposal to deploy Aave V3 on the Aptos mainnet as part of Aave's open governance process. Aave Labs has built the integration code and deployed it on the Aptos testnet. If approved, this will be the first time Aave has been deployed to a non-EVM blockchain.

Odaily Planet Daily News Bitcoin L2 network Mezo posted on X that it will continue to build the BitcoinFi business through Curve Finance's crvUSD. From now on, users can stake crvUSD to generate Mezo scores, increase BTC scores and earn Curve community reward points. Mezo added that users can deposit crvUSD into the Mezo Portal through the official Curve login page, or use the main code "CURVE" to earn: - Curve community reward points distributed monthly; - Mezo HODL Score. Earlier in April, Mezo developer Thesis completed a $21 million Series A financing round, led by Pantera Capital, with participation from Multicoin, Hack VC, Draper Associates and others.