Author: cmdefi

In the past week, the DeFAI storm and new and old projects have been undercurrents. Thoughts on the DeFi world.

1/ The main directions of DeFAI:

(1) Abstraction: through nature Language interface solves the UI/UX complexity problem of DeFi.

(2) User profitability: Get more profits through automated trading, revenue optimization and artificial intelligence, enhanced trading strategies. Costly human errors can be reduced.

(3) Income potential: Make transactions easier, not limited to sniping, front-running, surveillance, etc.

This is a compilation from @thedefiedge. Personal judgment in the short term will basically focus on these three directions, because it is relatively easy to implement and what most people want to achieve, among which (2) The ceiling for improving user profitability is high. (1) The abstraction layer is the most basic and easiest to implement. It is basically physical work. In the future, gameplay deeply integrated with DeFi can still be explored.

2/ The DeFAI storm is the first to sweep across Fantom(S)

Interact with AI Agent through tg , complete operations on the chain, such as cross-chain, transactions, lending, etc. The market value exceeded 200 million in less than a week, making it one of the most eye-catching projects after Fantom→Sonic recently.

(1) DeFi veteran Daniele built what is conceptually the earliest "DeFAI" $ANON on Fantom(S)

(2) Daniele was a man of the hour in the last round of DeFi 2.0, creating 2 billion US dollars of DeFi projects, such as Spell, Wonderland

(3) Popsicle changed its name to WAGMI to take advantage of the situationCooperation with ANON is growing into the main dex of Fantom(S)

3/ Some interesting news tracking

(1) Thorchain is expected to support Base's cbBTC and BTC cross-chain exchange

(2) Hyper Foundation launches HYPE staking

(3) Silo lending market will soon be deployed on Fantom(S)

(4) Flower Money, a stablecoin project built on Euler V2 Hints of preparation for launch

4/ Frax @fraxfinance launches frxETH and develops native LSD leverage

( 1) Allow users to borrow ETH using validators as collateral while continuing to receive normal ETH staking rewards

(2) Each validator can receive up to 24 after depositing ETH loan limit (75% LTV)

(3) The borrowed ETH can be freely withdrawn and can be used to leverage to launch more validator nodes

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This brings two aspects of LSD innovation:

Cyclic validator construction: users can use borrowed ETH to continue launching new validators, thus Form a "pledge-loan-pledge" cycle to improve capital utilization.

Low threshold to start a validator: supports partial deposits from 1 to 31 ETH, allowing users to start a validator with a smaller initial capital and use loans to make up for 32 ETH .

5/ Base developer @jessepollak expressed his hope to introduce $COIN stocks to Base, and means everyone in the worldAn asset will all be on Base.

Tokenization of US stocks, synthetic asset track.

There was an outbreak in DeFi Summer, but it was later forced to stop due to compliance supervision and other factors. The trend of loosening regulations in the United States starting in 2025 may lead to another explosion of synthetic assets, with the potential to birth blue-chip projects.

6/ Ethena @ethena_labs releases 2025 roadmap

(1) Launches a platform suitable for traditional finance iUSDe used by entities

(2) Launch an application integrating payment and savings functions on Telegram

(3) Promote the transformation from a single asset issuance platform to a comprehensive ecological platform that supports decentralized financial innovation.

(4) Ecological applications: currently there are mainly

Ethereal - spot running based on sUSDe and Perpetual Exchange

Derive - an on-chain option product whose core collateral asset is sUSDe

7/ Pendle Subdao by Magpie Protocol @Penpiexyz_io has bought back $400,000 through the treasury. Fixing mPENDLE anchoring.

Treasury address: 0xdcf9e7523e257f0047d707aba19e74bcfd7104f3

Relying on the implementation of the PIP 16 proposal, the protocol has been changed Income mechanism:

(1) Suspension of income creation mPendle/Pendle LP

(2) Store mPendle repo in the treasury

(3) Buyback will be done for mPendle and PNP

8/ f(x) Protocol V2 @protocol_fx is officially launched

(1) Split the volatility of ETH(LSD) and realize fxUSD stable currency and xPosition Leveraged token portfolio

(2) Transfer the volatility of fxUSD to xPosition

(3) 100% completely license-free

(4) Leverage is a scarce resource, and its use cost, transaction fee, and LSD income constitute Real Yield

< p style="text-align: left;">This mechanism has appeared in some forks in other chains. V2 has improved the leveraged token part. xPosition can support up to 10 times non-liquidation leverage. Generally speaking, it provides a pure decentralization on the chain. Leverage token products and create another DeFi core asset - stablecoin, which is a cleverly designed DeFi tool. Its market size depends on the number of leverage users on the chain. This user group has not yet fully grown.

9/ Berachain Boyco’s pre-deposit exceeded US$1 billion and announced the list of project parties that will be launched in January

Berachain Boyco @berachain continues the DeFi liquidity mining genre and has attracted a large number of DeFi projects. The integration of mainstream projects should not be a problem in the future, and finding niche markets through native applications is the focus.

Boyco Applications:

Beraborrow, BurrBear, Concrete, D2 Finance, Dahlia, Dolomite, Goldilocks, Infrared, Kodiak, Moby, Origami, SatLayer, The Honey Jar (Set & Forgetti)

Boyco Asset Issuers:

Acorn, Avalon, Bedrock, Cian, Dinero, Etherfi, Ethena, fBTC, Kelp, Lombard, Lorenzo, MIM, pumpBTC, Reservoir, Solv, StakeStone, Swell, Usual, Veda

10/ a16z: 7 major trends in 2025

(1) Enterprises will increasingly accept stablecoin payments

(2) Countries are exploring putting bonds on the chain

(3) "Decentralized unincorporated non-profit association" will become the new industry standard for U.S. blockchain networks

(4) Shift from "reinventing the wheel" to "reusing infrastructure" to improve efficiency and focus on product innovation

(5) The encryption industry will have its own app store and discovery channel

(6) Transform from crypto asset holder to crypto active user

(7) With simple and intuitive design Attracting users with clear communication methods will be the characteristics of a killer application

Most individuals agree, and the full text is worth reading.