According to CoinGecko data, after Binance launched the 20% APY promotion for up to $50k USD1 per user at noon today, the supply of USD1 surged by over 45.6 million tokens within a few hours, bringing its total market cap to over $2.79 billion. USD1 is a stablecoin launched by World Liberty Financial, a project backed by the Trump family. http://coingecko.com/en/coins/usd1-wlfi…

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CEO ether.fi believes that neither Bitcoin nor Ethereum are currently truly high-quality currencies, however, he believes that the ultimate form of a superior currency in the future...

CEO ether.fi: Neither Bitcoin nor Ethereum are high-quality cryptocurrencies yet.

Offchain Labs – the research and development team behind Arbitrum – recently announced a further increase in its ARB Token holdings, further reinforcing its long-term investment commitment to the company...

The Arbitrum team announces the purchase of additional ARB Token , increasing its investment in the project's core operations.

This article is from Prince, co-founder of Avon.
Compiled by Odaily Odaily(@OdailyChina); Translated by Azuma (@azuma_eth)
TL;DR
People's use of DeFi has become highly similar. The market and infrastructure are maturing, but users' mentality has gradually shifted from curiosity to caution. The reward mechanism has changed from "users bear the risks and rewards themselves" to "users wait to be rewarded," and participation behavior has gradually converged around incentives.
The Fading DeFi
DeFi gives people the feeling that...