Latest Developments in the DeFi Field: Stablecoin Season Approaches, Superchain Ecosystem Expansion

New Trends in the Stablecoin Sector

Recently, the stablecoin market has ushered in a new wave of competitive fervor. Multiple projects have successively launched new products or engaged in collaborations, exhibiting a "clustering" trend.

Ethena has launched a new stablecoin USDtb supported by a well-known asset management company. The project has also partnered with Usual to collaborate on TVL and incentives. Additionally, Ethena has partnered with WLFI to integrate sUSDe into the lending market.

The stablecoin mining mechanism of Usual integrates multiple game theories, similar to the underlying logic of past DeFi Summers, but has innovations in aspects such as the concept of physical assets and the refinement of game models. Certain large exchanges and other partners have provided ample liquidity exit channels for it.

Resolv, as another Delta neutral stablecoin protocol, has seen its TVL surge by nearly 400% in the past two weeks. The project introduces the RLP mechanism as a risk buffer layer to provide protection for USR holders. RLP users can receive higher profit sharing as compensation for the risks they undertake. Resolv plans to launch on HyperEVM in the future.

Frax is also undergoing a transformation. The project has partnered with Symbiotic to launch the veFRAX multiple yield structure and proposed using a certain asset management company's products as collateral for Frax USD.

In addition, the decentralized stable protocol Resupply, launched by the established DeFi projects Convex and Yearn, is also worth paying attention to. Its reUSD is a stablecoin backed by collateral in the form of yield-generating assets from the lending market, and it offers built-in leverage functionality.

Superchain ecosystem continues to expand

The Ink public chain developed by a certain exchange has officially launched its mainnet and joined the Super Chain ecosystem. Dinero has subsequently launched its first LST product on Ink. Velodrome plans to integrate into Ink by 2025 and has locked a significant amount of veVELO. This reflects the trend of compliant exchanges developing their own L2 networks.

Velodrome, as the liquidity center of the superchain, may directly horizontally expand to other superchain members in the future, rather than through forking.

Other Decentralized Finance Updates

• GammaSwap's Yield Token is about to be completed and submitted for review. The project focuses on hedging impermanent loss and involves lending/splitting and restructuring LP tokens.
• Ethena proposes to integrate certain options and perpetual futures projects to expand its $6 billion TVL in hedging and trading venues.
• A certain public blockchain has changed its CEO, and the new leader has stated that there will be a greater emphasis on Decentralized Finance development.
• Babypie incentivizes mBTC-BTC liquidity on multi-chain and DEX.
• A high-efficiency DEX expands to the Arbitrum network and implements growth incentive measures.
• A certain public chain foundation has launched a new plan, with multiple projects introducing new products or expanding their business on that chain.

Overall, stablecoins and cross-chain ecosystems in the DeFi field remain current hotspots, with various projects actively innovating and seeking cooperation to gain a competitive advantage.