Bonzo Bytes Newsletter - #60 🐵🗞️

Hello, Bonzo Community!

Welcome to another edition of the Bonzo Bytes Weekly Newsletter.

🎧 Listen to the full 𝕏 Space recording: May 29 Bonzo Bytes Space

Bonzo Points Season 6 Ending & Season 7 Kickoff

Bonzo Points Season 6 will officially come to a close on Tuesday, June 9. The Season 6 Points claim will open later in the week. Stay tuned for the exact date.

Season 7 Incoming: The grind never stops. We are incredibly excited to announce that Bonzo Points Season 7 will officially kick off on Wednesday, June 10! Get your strategies ready.

DeFiLlama Adds Bonzo Vaults Tracking

In a major win for platform visibility, DeFiLlama has officially integrated tracking for Bonzo Vaults. In addition to monitoring our flagship lending protocol, Bonzo Lend, users can now track real-time analytics, total value locked (TVL), and growth charts for Bonzo’s automated yield-optimization engines natively on the world's premier DeFi data aggregator.

🔗See Bonzo Vaults on DeFiLlama

Bonzo Governance Forum Reminder

The Bonzo Governance Forum is live and open for business. This serves as the foundational milestone on our path toward decentralized governance.

Our First Active RFC: To kick off the forum, we have deployed our first formal Request for Comment: DOVU Risk Parameters Update.

This RFC marks the start of our relationship with independent risk stewards to systematically and safely optimize protocol parameters. The proposal outlines parameter adjustments for supply caps, borrow limits, and Slope-2 interest rates for the $DOVU asset to safely expand liquidity capacity while preserving robust liquidation margins.

While this initial parameter change will pass via centralized execution, we want the community to treat it as a true "Dry Run" for decentralized governance. Head over to gov.bonzo.finance to register your account, read the guidelines, and drop your feedback directly in the thread!

Bonzo Finance TVL & Scoreboard Update

🔎Track Bonzo Finance on DeFiLlama or see analytics on the Bonzo Finance app

The Hashgraph Group Partners with BrandBoost for Tokenized Loyalty

A major enterprise utility milestone emerged from Europe this week as The Hashgraph Group joined forces with Swiss Web3 studio BrandBoost to roll out a native tokenized loyalty platform on Hedera. This solution completely replaces legacy, siloed retail points systems with secure, liquid digital assets powered by the Hedera Token Service (HTS). It provides consumer brands with a robust new architecture for customer retention while giving users highly interoperable rewards they can freely trade or redeem across partner merchant networks.

🔗Read more on Genfinity.io: Hashgraph Group Debuts BrandBoost to Bring Real-Time Loyalty to Hedera

Hedera Files Lawsuit Against Exponential Science Entities

Major legal headlines developed as Hedera Hashgraph officially filed a breach-of-contract lawsuit in the New York Supreme Court against four entities tied to Exponential Science across Cayman and Swiss jurisdictions. The dispute involves an ecosystem grant agreement initiated in 2022 and amended in 2024 that committed up to $161.8 million in milestone-dependent HBAR funding. Following Hedera's formal termination of the relationship on February 25th, Hedera demanded the return of all unspent tokens. Hedera alleges that Exponential Science attempted to evade its obligations by executing unauthorized transfers—shifting roughly 98% of the remaining $70.3 million in unspent assets from the primary foundation to various foreign subsidiaries. Hedera is aggressively pursuing an injunction, a full audit, and immediate asset recovery. 

🔗Read more on The Cryptonomist: Hedera Exponential Science lawsuit: New York fight over unspent HBAR grant funds

SoFi Launches First US National Bank Retail Stablecoin

In a massive step toward bridging traditional banking and public ledgers, fintech giant SoFi officially rolled out SoFiUSD directly to its 14.7 million retail banking members. This represents the very first stablecoin issued by a nationally chartered U.S. bank to launch live on public rails inside a retail consumer banking app. Running across Ethereum and Solana, SoFiUSD is backed 1:1 by cash reserves held at the Federal Reserve and is verified by independent CPA audits. Its upcoming roadmap includes allowing users to sweep funds into interest-bearing tokenized deposits backed by FDIC insurance, zero-delay global remittances, and high-volume external exchange execution. 

🔗Read more on BusinessWire: SoFiUSD Becomes the First Stablecoin Issued by a US National Bank to Launch on a Banking Platform

Aave Labs Secures Dual FCA Licenses in the UK

Aave Labs' UK subsidiaries have successfully locked down formal cryptoasset exchange provider registrations from the UK’s Financial Conduct Authority (FCA). Combining these new registrations with their existing Electronic Money Institution (EMI) authorization establishes a dual-permissioned framework to launch Push, an upcoming product ecosystem offering zero-fee fiat-to-stablecoin on- and off-ramps for assets like GHO. Getting past the FCA is notoriously difficult, with the regulator rejecting or seeing withdrawals on over 85% of all crypto applications since 2020. Combined with their EU MiCAR authorization, Aave now holds a compliant operational runway covering over 500 million European consumers. 

🔗Read more on The Block: Aave Labs secures dual UK licenses for regulated crypto payments infrastructure through local subsidiary

Monthly Bonzo Finance AMA

Mark your calendars! This Friday brings the return of our monthly Bonzo Finance AMA. We hold these sessions on the first Friday of every month to check in with the community, answer your burning questions, and pull back the curtain on internal development.

Have a question for the team? Anyone can submit an anonymous question ahead of the live Space via our Anonymous Question Form.

Don't miss out on the live conversation. Head over to 𝕏 right now to set your reminder and get notified the second we go live!

🔗Set a reminder on 𝕏

Thank you for being part of Bonzo Finance and the Hedera DeFi 2.0 journey.

- The Bonzo Finance Team

The views shared in this newsletter are personal opinions and do not represent official Bonzo Finance advice. Any forward-looking statements about Bonzo Finance and its associated projects involve risks and uncertainties. Please do your own research and consult a professional before making any investment decisions. Bonzo Finance is not liable for any actions taken based on the information provided.