Pi Network announced the launch of its Pi Launchpad testnet, focusing on user acquisition and product utility for tokens. The three core design principles are: token utility for user acquisition, rewards flowing into liquidity pools, and mandatory runnable products. The platform supports projects in promoting innovation, while pioneer users can participate in testing and acquire tokens, creating positive feedback. This design helps establish a healthy decentralized exchange ecosystem and avoids speculative token issues.
EtherFi announced a $25 million investment in Plume's real-world assets protocol Nest, a move aimed at introducing stable yield and reducing dependence on crypto market volatility. The nBASIS vault configured for this deployment integrates strategies including crypto basis trading, staking rewards, and government securities returns, allowing users to streamline participation in high-yield operations. As the RWA market rapidly expands, its tokenized total value has grown to $27 billion, primarily driven by US Treasury securities.