Latest DeFi + L1/L2 Updates:
📈 RWA-centric Market Leads Hyperliquid Trading
🔐 Uniswap Launches Permission Pool for Regulated RWA
🚀 Morpho Launches Midnight, a Fixed-Rate and Fixed-Term Credit Protocol
See details below 👇
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Stephen | DeFi Dojo
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Wednesday's Earnings Roundup
Let's look at some interesting and promising investment projects you might have forgotten about.
1) New Project
$AUTO is launched! Sort of. $AUTO is a new asset from @hastra, similar to $PRIME, handling the entire loan process from origination to securitization, but this time it's not home equity line-of-credit (HELOC) loans, but auto loans.
A ~8.22% annual interest rate is a pretty good benchmark yield, but once it launches on @kamino, with reasonable leverage, the yield should reach 15-20%, which will be even more exciting.
You all know I love the exogenous returns from $PRIME, so I hope $AUTO will be as good as its predecessor.
2) New Project
@tori_finance is great. They had a fantastic pre-sale, and I love their marketing concept—they're offering institutional-grade (actually) yields, not retail yields.
This is primarily reflected in futures arbitrage, calendar spreads, and options trading. While these operations are theoretically feasible for retail investors, scaling up and conducting them on a large scale is crucial.
strUSD currently yields around 12%, largely thanks to the existence of trUSD, which doesn't generate yield. trUSD's TVL (total value limit) is due to points speculation.
I believe Tori's strategy is unique enough (a traditional source of yield) that they can currently dominate this space. At least seeing new things is exciting; the real question is whether they can maintain attractive yields after the points era.
Already available on Pendle, perhaps soon it will also be available for cyclical trading on Morpho?
3) Special Purpose
sUSD3 is what I call a rather special or potentially high-risk stablecoin yield. It's a sub-segment of @3janexyz's offering, meaning you'll be exposed to leveraged risk from any losses they might suffer in their private lending agreements.
This bond offers a 23% yield and has a maturity of nearly six months, so you'll need to choose between locking in almost 10% return on your investment and incurring over four months of leveraged private credit losses.
This might be worth considering for those who can reasonably assess private credit.
4) Special Bonds
There are some non-US sovereign bond yields worth watching. But in reality, the Turkish lira and the Brazilian real are the two truly dominant currencies in the DeFi space.
@brix_money's wiTRY project has performed surprisingly well, but remember not to observe the lira's chart for more than a year, and be aware that the stability of local currencies is not guaranteed in the long run.
However, the Turkish lira's yield against the US dollar has consistently been higher than its depreciation rate over the past few years.
If you want to know about the Brazilian real's yield, please check out my post from yesterday.
5) The Same Thing Again
@re's reUSDe project still offers a fixed yield above 15% on the @pendle_fi platform. It's important to note that this is a mezzanine bond, not a subordinated bond, and while it's redeemable, the redemption amount is approximately one-quarter of the fund's net asset value, with a cap.
Therefore, you should expect its market discount to be approximately one-quarter of the fund's net asset value.
In short, besides a decent fixed yield, from what I last checked, they have some of the best leveraged cycles on reUSD, namely their senior tranche. You can refer to @0xDeantoshi's strategy for finding the best leveraged opportunities.
6) Established Firm
@solsticefi's Phase 2 is nearing its end, which is why @ExponentFinance's IY yield is declining, as details of Phase 3 are still unknown to my knowledge.
That said, they're about to launch an STRC product (look at their brand new, massive marketing campaign), followed by a planned AI product.
While SLX has indeed dipped recently (around $90 million in fixed value), they have some of the best leveraged cycles on Kamino, and I still think their Phase 2 is quite interesting.
7) Oddly enough,
@avantprotocol has a senior secondary tranche that has higher priority than their secondary tranche but lower priority than their senior tranche.
If this doesn't give you a headache, you've probably heard my podcast.
Simply put, this is a vault on Royco's senior savUSD platform. This means Avant has its own secondary avUSDx, and Royco's new mechanism splits senior savUSD into two parts, effectively creating a mezzanine and a senior tranche.
So jrsavUSD is tiered below srsavUSD but above avUSDx.
In short, it accounts for nearly 10% of the tranche and is protected by the secondary tranche.
I like the Avant team; they take operational security and SC security very seriously.
That's all! Hopefully, something new will happen.
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HashKey Exchange
07-28 12:49
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📣 New Cryptocurrency Listing: Ethereum (0x58d97b57bb95320f9a05dc918aef65434969c2b2) is coming soon to HashKey Exchange! @Morpho
✅ Deposits and Withdrawals (ERC20): Now Open
✅ Trading Pair (Spot): Ethereum (0x58d97b57bb95320f9a05dc918aef65434969c2b2/USD
✅ Listing Time: July 28th, 16:00 (UTC+8)
👤 Suitable for: Professional Investors
Register Now
Learn More
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Dune
07-28 01:10
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Risk-weighted asset (RWA) deposits on the Morpho platform reached a record high of $1.2 billion. PRIME emerged as the market leader and fastest-growing platform, hosting Figure's home equity loans as high-quality collateral on-chain.
Last week, Morpho Midnight officially launched, opening up a fixed-rate, fixed-term credit market. This is precisely the predictability that institutional investors have been eagerly awaiting, and the flexibility required for real-world asset scaling.
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Token Terminal 📊
07-27 17:50
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Breaking news: @SteakhouseFi's total value locked (TVL) has reached $2.2 billion, a 230% increase over the past year.
Most of this growth comes from @Morpho Vaults deployed on Base, Ethereum, and Robinhood Chain.
Vault managers worth watching 👇
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Ethereum Daily
07-27 13:30
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Bullish on Ethereum
Bullish on @Uniswap
Bullish on @aave
Bullish on @LidoFinance
Bullish on @ether_fi
Bullish on @sparkfinance
Bullish on @Ondo
Bullish on @ethena
Bullish on @Morpho
Bullish on @maplefinance
Bullish on @Lighter_xyz
Everything you need in the cryptocurrency space is already in the Ethereum ecosystem.
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Wu Blockchain
07-26 09:56
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Upbit to List Morpho (MORPHO) and Euler (EUL) on the Korean Won Market
South Korea's largest cryptocurrency exchange, Upbit, will list MORPHO on July 25th at 5:00 PM (UTC+8) and EUL on July 26th at 11:00 AM (UTC+8). Deposits and withdrawals for both tokens will only be supported on the Ethereum blockchain.
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吴说区块链
07-25 16:36
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Upbit, South Korea's largest cryptocurrency exchange, announced that it will list MORPHO on the Korean Won (KRW) market at 18:00 (Korean time, 17:00 Beijing time) on July 25th. Deposits and withdrawals will only support the Ethereum network. Buy orders will be suspended for approximately 5 minutes after trading opens, and sell orders will be limited to prices more than 10% below the previous day's closing price. For approximately 2 hours after opening, only limit orders will be supported.
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based@yiboyun6
07-25 12:45
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🪶 Robinhood Daily Recap
Infrastructure
■ @phantom added support for Robinhood Chain.
■ @EntropyAdvisors reported that the chain's annualized fee revenue is approximately $66 million (7-day moving average).
■ @RobinhoodCrypto released liquidity documentation for equity token builders.
■ @RobinhoodApp launched $BILL (Billions Network).
■ @Owlto_Finance launched an integrated ecosystem including bridging, swaps, and meme launchpads.
■ @RocketXexchange partnered with @Stoxesfun to offer cross-chain swaps from over 200 chains.
■ @dopplerprotocol enabled one-click launches between Base, Robinhood, Monad, and Solana.
DeFi
■ According to @MerlinEgalite, @Morpho became the third-largest chain in terms of total deposits.
■ @arcus_xyz has implemented bridging with @StargateFinance and @LayerZero_Core.
■ @longdotxyz reports that the LONG pool holds 4-14% of the circulating supply of major equity tokens.
■ @TheIndexFi announces the launch of its next product, offering functionality beyond reflective trading.
■ @pendle_fi integrates with @ProjectVEXai for proxy yield execution.
■ @GameStopOnChain issued over 60,000 tokenized GME shares in 24 hours, worth over $1 million.
Trading
■ @bankrbot saw over $50 million in trading volume for equity-paired tokens in 24 hours, with $GME leading the way.
■ @BloomTrading launched cross-chain trading and copy trading capabilities.
■ @flapdotsh launched the third phase of its ecosystem fund with an initial capital of $100,000.
■ @meridiandotxyz completed the first Combo competition and launched the second round.
Artificial Intelligence
■ @buildonvirtuals showcased five EconomyOS projects.
■ @otto_data launched Otto x Robinhood Agents, which includes a transaction MCP and a data server.
■ @Hyperium_RH showcased its AI agent connected to @SushiSwap for token analysis.
■ @sherwoodagent published its paper on economic security on the Guardian Network.
■ @vantis_ai created 221 projects with custom domains using Pabrik.
■ @insidersdotbot opened up its agent trading terminal's API.
Ecosystem
■ @KarmaWallet added 1,081 users in 7 days without any paid promotion.
■ @myrad_hq has expanded to Robinhood Chain. Data proves that it's now possible to publish to both Base and Robinhood simultaneously.
■ @post_fi launched Nicehood, a brand new memecoin publishing platform.
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Coinbase 🛡️
07-25 02:29
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Available only in the United States (excluding New York State).
Powered by @jito_sol and @Morpho. Runs on the @base platform.
Get Started ↓
Legal Notice:
This information is for informational purposes only and does not constitute investment advice. This information does not constitute advice to buy or sell any specific digital asset or to adopt any specific investment strategy. Reward rates are based on estimated protocol fees, which are subject to change. Clients can view the latest applicable rates directly in their accounts. Staking is only available in eligible jurisdictions and on eligible networks.