Recent Important Developments in the DeFi Field: Stablecoin Innovation and Ecosystem Expansion

New Trends in the Stablecoin Market

Recently, the stablecoin sector has ushered in a new wave of innovation. The USDtb launched by Ethena has received support from a well-known asset management company and has partnered with Usual for mutual benefits. At the same time, WLFI has also joined the collaboration, integrating sUSDe into the lending market. This round of stablecoin development shows a clear trend of collaboration, which is more robust and mature compared to the past.

Usual adopts an innovative stablecoin mining mechanism that integrates the concept of real-world assets (RWA) and refined game theory models. Certain large trading platforms and other partners provide ample liquidity exit channels, offering strong support for its development.

On the other hand, Resolv, as a Delta neutral stablecoin protocol, has seen its TVL grow by nearly 400% in the past two weeks. Resolv introduces RLP ( Resolv Liquidity Provider ) as a risk buffer layer, innovatively separating the risks of USR and the underlying assets. In the future, Resolv plans to expand its business on HyperEVM.

Frax is also actively adjusting its strategy by collaborating with Symbiotic to launch a veFRAX multi-yield structure and is considering incorporating products from a well-known asset management company into the Frax USD collateral pool.

Ecosystem Expansion

The Ink public chain developed by a certain exchange has officially joined the Superchain ecosystem. Dinero immediately 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 for future development planning.

In terms of established projects in Decentralized Finance, Convex and Yearn have jointly launched the decentralized stable protocol Resupply, with its reUSD being a yield-generating stablecoin generated from the lending market as collateral. GammaSwap's Yield Token is about to complete its audit and is expected to provide LPs with more flexible yield management tools.

Cross-chain Development

Multiple projects are actively expanding multi-chain operations:

• Babypie incentivizes the mBTC-BTC liquidity pool on multiple public chains and DEX.
• Fluid introduces $FLUID to a certain L2 network and implements a growth incentive program.
• A public chain foundation has launched the infraBUIDL(AI) plan.
• LFJ will soon launch a DEX aggregator on a certain public chain.
• Morpho Labs proposes to deploy the core smart contract to multiple chains

In addition, Sonic has officially launched on the mainnet, providing token conversion, Aave integration, and attracting several ecosystem projects to settle in.

These developments show that the DeFi ecosystem is continuously innovating and expanding, providing users with more diverse financial service options.