Overview of Important Developments in the DeFi Field for the Week

New Trends in the Stablecoin Market

Recently, the stablecoin sector has entered a new wave of development frenzy. Ethena has launched the USDtb stablecoin supported by a well-known asset management company and has partnered with Usual, with both parties supporting each other in terms of TVL and incentives. In addition, WLFI has also collaborated with Ethena to integrate sUSDe into the lending market.

Unlike the competition with stablecoins in the past, this round of development shows a clear trend of collaboration. Usual has adopted a stablecoin mining mechanism that incorporates multi-party game theory, which is similar to the underlying logic of Pool 1-3 during the DeFi Summer, but has made innovations in the concept of RWA, the sophistication of the game model, and liquidity exit.

Resolv, as another Delta-neutral stablecoin protocol, has seen its TVL grow by nearly 400% in the past two weeks. The protocol introduces RLP (Risk Liquidity Pool) as an insurance layer between USR and the underlying assets to absorb market volatility risks. The design of RLP and USR provides options for users with different risk preferences.

Frax is also making important adjustments, including collaborating with Symbiotic, launching the veFRAX multi-yield structure, and considering using products from a well-known asset management company as collateral for Frax USD.

Super Chain Ecosystem Expansion

The Ink developed by a certain trading platform has launched its mainnet and joined the Superchain ecosystem. Dinero has launched the first LST (Liquid Staking Token) on Ink. Velodrome plans to integrate with Ink in 2025 and has locked a large amount of veVELO. This reflects the trend of compliant exchanges developing their own L2 networks, which is expected to continue in the coming years.

Innovation of Traditional Decentralized Finance Projects

Convex and Yearn have joined forces to launch the decentralized stable protocol Resupply, whose reUSD is collateralized by stablecoins generated from the yield of the lending market. GammaSwap is about to complete the development of the Yield Token and has already been sent for auditing. These developments showcase the ongoing efforts of traditional DeFi projects in innovation.

Other Important Developments

1. Ethena has proposed a new plan to integrate options and perpetual futures with Derive.
2. Aptos announces management changes, the new CEO will focus more on Decentralized Finance development.
3. Babypie incentivizes mBTC-BTC liquidity on multiple chains and DEXs.
4. Fluid expands to the Arbitrum network and implements growth incentives.
5. A certain public chain foundation has launched the infraBUIDL(AI) plan.
6. Multiple projects have announced cross-chain expansion plans, including LFJ, Morpho Labs, and others.
7. Sonic launches its mainnet, providing token conversion, integration with a certain lending platform, and other features.

These developments demonstrate the ongoing trends of innovation and expansion in the DeFi space, particularly in the areas of stablecoins, cross-chain interoperability, and the integration of traditional finance with cryptocurrencies.