The past week's external market has been exciting, but a DeFi revival is also brewing, here are this week's thoughts on the DeFi world ( - /12)🧵

1/ Fluid’s efficient liquidity paradigm Last week, I mentioned the launch of Fluid dex. I did some research and found that lending+vault+dex share the liquidity layer, achieving the ultimate capital efficiency: (1) dex actively makes markets (Uni V3) to capture fees (2) Smart collateral and smart debt in vault enter dex (3) Providing liquidity for dex earns fees (4) Collateral income increases and debt interest decreases (5)… x.com/i/web/status/18566861537...

2/ f(x) Protocol released the v2.0 upgrade white paper. Split ETH collateral into stablecoin + leverage xPosition, no forced liquidation, zero funding rate cost, and manage leverage through a rebalancing mechanism. (1) Provides low-cost leverage (2) No forced liquidation (theoretically there is also a liquidation mechanism) (3) Creates a stablecoin that can capture diversified returns (4) Stablecoins also provide support and protection for the entire system $FXN

3/ Shogun Beta @shogunfi is launched on Ethereum mainnet Intent-centric "trading any asset on any chain", optimized order flow chain abstraction scheme. For example, you no longer need to switch between EVM UI and Jupiter, it will support all liquidity venues on the chain and bridge routes to form a one-stop API that allows trading any asset on any chain.

4/ Liquity will launch v2 next month. There may be 15 forks that will be deployed on the main EVM L1 and L2, airdrop? $LQTY 5/ The founder of Cardano confirmed plans to serve as a cryptocurrency advisor under the Trump administration to help promote cryptocurrency legislation in the United States. Previously, Cardano planned to transform into BTC L2. Interestingly, this is an asset that has been in the top 20 in market value for many years, but there are few ecological applications $ADA

6/ @GammaSwapLabs: Solving the Yield Trilemma Yield trilemma: The trade-off between decentralization, stability (low risk), and capital efficiency usually requires sacrificing one of these three properties. The solution provided by Gammaswap is to hedge, for example, ETH/USDC… x.com/i/web/status/18566861650...

7/ @eulerfinance launches Euler Prime After reconstruction, Euler proposed the concept of modular lending, supporting the construction of various types of lending markets without permission. It has cooperated with multiple projects, such as launching Pendle PT's lending pool, providing additional PYTH incentives for some pools, earning Ethena points, etc. Euler Prime adds rEUL incentives, which is a linearly unlocked EUL token incentive, and TVL is growing rapidly $EUL… x.com/i/web/status/18566861686...

8/ Hyperliquid is about to hold TGE, Aevo's pre-market trading valuation is between 3 billion and 4 billion US dollars. Messari report calls out a valuation of 13 billion to 30 billion, 😱 $HYPE x.com/defi_monk/status/1856019...

9/ Move ecosystem is growing rapidly (1) $SUI Breaking new historical highs (2) Aptos ecosystem TVL breaks new high of 1 billion US dollars (3) $APT Bitwise launches Aptos Staking ETP in Switzerland x.com/BitwiseInvest/status/185...

10/ Pendle releases new platform Boros (V3) As a rising star in DeFi in this cycle, Pendle Boros forms two operating lines with the original version after its launch, jointly empowering vePENDLE. 11/ Morpho Labs announced $MORPHO Transferable vote has passed 12/ KUJIRA and THORChain merged to launch the product Rujira, which will be launched in the first quarter of 2025. Those who like Cosmos should pay attention.

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