ETH Upgrade RWA Is Cooking DeFi Giants Join Forces to Launch Exclusive Lego Time Recent Thoughts on DeFi ( - /10)🧵

1/ ETH has seen a sharp rise in the past two weeks, coinciding with the Pectra upgrade (1) I personally think the rise is somewhat related to this, but not the main reason (2) It is more of an over-fud, and there is also the expectation of ETF pledge passing (3) The ETH/BTC exchange rate has already approached the lowest point However, the content of this upgrade is still worth reading. It is a bit long to elaborate, so I have summarized it in the gitbook: cmdefi.gitbook.io/cmdefi/crypt...

2/ Aave Uniswap, a group of DeFi giants Aave plans to launch Uniswap V4 Hook, which supports Uni V4 LP mortgage loans GHO. This plan requires applying for a portion of funds from Uniswap DAO. In return, the interest income from GHO loans will be shared with Uniswap DAO in the future. This is the most practical Hook at present, and the two giants benefit at the same time.

3/ DeFi giants join forces: Aave Pendle Ethena (1) Ethena PT tokens are integrated into Aave, with strong demand (2) Ethena continues to deepen its integration with Aave and launch USDtb, increasing the supply cap of USDe and sUSDe, while also increasing the cap of PT tokens. After PT enters Aave:

4/ Unichain Liquidity Mining Situation (1) Unichain Liquidity Mining Output Halved (2) Incentives for WBTC Pool Will Be Migrated Gauntlet said that it had exceeded its KPI, so it lowered its earnings. TVL did not drop too much, and the earnings were still within the acceptable range of the market. It should be noted that after 7 days, the rewards for WBTC-related pools will gradually be transferred to WBTC0 (OFT version). Unichain is currently deeply bound to L0.

5/ SSV Network announced the launch of the SSV 2.0 testnet Proposed a new concept bApps A new type of decentralized application that directly uses Ethereum validators to ensure security instead of relying on additional capital. Validators can earn additional income by providing security services for bApps. At first glance, it sounds like Restaking, but there is actually a little difference: Restaking

6/ Obol announces Obol Stack The design of Obol Stack packages the autonomous operation of the validator, which means that everyone can directly call and deploy the validator node and sequencer. The official/third party packages this infrastructure into an "App" and publishes it to the Obol App Store, and users can directly obtain and deploy their own nodes.

7/ USD₮0 is expanding rapidly USDT0 is a full-chain stablecoin jointly launched by Tether and LayerZero. It realizes full-chain circulation based on L0's OFT technology and has supported many mainstream chains. This solution directly competes with USDC CCTP. The difference is that USDC's solution is more native and centralized, while USDT0 relies on LayerZero, and USDT0 has also obtained a lot of resources in terms of ecology.

8/ Noticed the actions of two old DeFis (1) Liquity V2 announced that it will be back online soon to fix the vulnerability (2) Alchemix foreshadowed its imminent return Liquity

9/ RWA has a lot of moves Securitize issued a packaged version for DeFi for BlackRock's tokenized fund, which I think is a relatively important one x.com/cmdefi/status/1923019754... Others include: (1) VanEck and Securitize cooperate to launch a tokenized fund (2) Stripe launches a stablecoin financial account (3) Arbitrum approves the allocation of 35M ARB to tokenized US Treasury bonds (4)

10/ RWA It is also worth mentioning that Chainlink, J.P. Morgan and Ondo Finance have joined forces to achieve cross-chain settlement of tokenized US Treasury bonds. Ondo Chain is a public chain, while Kinexys is a permissioned chain. The interoperability of these two chains requires additional technical support, and the Chainlink solution is currently used.

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