Since the previous article mentioned the next decade of Crypto, it belongs to those who know how to package the on-chain world into financial products that Wall Street can understand.
So what similar financial innovation products and protocols are worth paying attention to in the market recently?
Flyingtulip_ — The return of Andre Cronje, the father of DeFi, after a period of silence. A single liquidity pool integrates trading, lending, and leverage functions. It is not an integration between protocols but a native integration. It can be regarded as AC's last attempt to build DeFi 3.0.
Lighter — A perpetual contract platform based on Ethereum's application-specific zk-rollup. It uses SNARK zero-knowledge proofs to verify each trade. Its batch verification and specific trade matching circuit design overcome the bottleneck of ZK technology for high-performance trading.
aPriori — Pantera Capital led a $20 million investment in MEV infrastructure. It's a combination of Jito and Jupiter, combining Wall Street HFT high-frequency trading ideas with Crypto's MEV capture mechanism. Stakeholders not only enjoy POS benefits but also share in MEV profits.
Dolomite — Exploring the possibilities of “liquidity reuse”, where a single fund serves as collateral, provides AMM liquidity, and retains native governance rights, pursuing ultimate “capital efficiency”.
Mitosis — Simply put, it will transform previously “dead” protocol tokens such as Aave’s aToken and Uniswap’s LP Token into active, tradable, and collateralized assets, achieving the evolution from “composable protocols” to “programmable liquidity”.
xStocks — attempts to tokenize US stocks and ETFs using crypto-chain infra, thereby breaking the barriers of account opening, 24/7 trading flexibility, and split stock trading.
Unitas Labs — Redefining the standard for next-generation "interest-bearing stablecoins" in the synthetic stablecoin sector, using JLP's diversified underlying assets to evolve stablecoins from passive value storage to active yield-generating tools, with a dual-capture mechanism of handling fees and funding rates.
Hyperwave — Swell Labs’ Hyperliquid ecosystem liquidity releaser, converting locked HLP tokens into hwHLP, allowing the underlying returns to be retained while freely circulating on the HyperEVM.
Euphoria — A derivatives trading market based on MegaETH, transforming options and futures into a TikTok-style "one tap to go long, two taps to go short" gaming experience, exploring the gamification of financial products. It's a bit abstract, but worth the wait.
USD.AI — A new paradigm for RWAFi using live assets like GPUs. By using the CALIBER framework to collateralize GPUs while retaining the right to use them, it addresses the high barrier to entry for AI startups that rely on diluting equity for financing.
above.
These are the financial innovation-oriented protocols and products that I’ve been focusing on recently, and they basically align with what I expect DeFi products to look like in the next phase:
to Wall Street + Ultimate Capital Efficiency + User Experience Innovation....
Or at least they are exploring new boundaries of redefined DeFi.
