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Smart contract developers deserve access to real world asset data, no matter where they choose to build. In this spirit, Pyth Network is delighted to release its USDY/USD price feed to over 65 blockchains, brought to you by Ondo Finance, a leading issuer of tokenized securities. Ondo Finance’s US Dollar Yield (USDY) is a tokenized note secured by short-term US treasuries. USDY provides a stable, yield-generating alternative to traditional stablecoins, blending the benefits of on-chain finance with the reliability of traditional assets. Strategic assets like USDY are critical for ecosystems and teams looking to grow and better serve their users. 🤝 Partners already utilizing USDY/USD: Aptos Foundation and Thala Labs are collaborating with Ondo Finance to tokenize real-world assets. The launch of Pyth Price Feeds for Ondo products will help accelerate this initiative. The introduction of Pyth oracle feeds for USDY bolsters Solana Foundation’s offerings as a high-performant Layer 1. Drift Labs and FlashTrade are already integrating USDY/USD, such as enabling USDY as collateral for margin trading and perpetual. 0xMantle and Ondo Finance have also partnered to further the RWA movement and bring sustainable yield to the broader DeFi ecosystem. Within the Deperp community in the Base and Telegram ecosystems, USDY/USD has already gained significant traction. Earlier this year, Sui Network launched support for native USDY as the first yield-bearing stablecoin alternative on the network. The launch of Pyth’s USDY feed on Sui marks a significant milestone in advancing access to USDY in the Sui ecosystem, fostering greater innovation for users and developers.

🌐 We’re excited to welcome Pyth Network to the Ondo Ecosystem with the launch of their USDY/USD price feed. 🌍  This launch expands the reach of Ondo Finance's USDY to over 65 blockchains, including #Solana, #Sui, #Mantle, #Aptos, and more, enabling smart contract developers globally to now tap into a real-time feed for Ondo’s market-leading yieldcoin, USDY. 🗣️ Katie Wheeler, VP of Partnerships at Ondo Finance, stated, “This is a huge unlock for developers and projects building the future of finance. Many leading DeFi applications and protocols rely on Pyth as an Oracle Provider, and this USDY/USD price feed marks a significant step towards cutting through the fragmented nature of blockchain ecosystems to make institutional assets widely accessible.” 🗣️ Mike Cahill, CEO and Co-Founder of Douro Labs, said, "We’re excited about the launch of the USDY/USD price feed. The Pyth contributors are committed to providing feeds for leading real-world assets based on the demands of Web3 developers, and as Ondo Finance and USDY continue to gain momentum, launching this price feed was a clear choice.” Learn more about Pyth's USDY/USD price feed below NOTE: USDY is not, and may not be, offered, sold, or otherwise made available in the US or to US persons. USDY has also not been registered under the US Securities Act or pursuant to the securities laws of any other jurisdiction, and may not be offered, sold or otherwise transferred in the US or to US persons unless the securities are registered under the US Securities Act or an exemption from the registration requirements thereof is available. Additional restrictions may apply. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, USDY or any securities. Acquiring USDY is speculative and involves substantial risks. There can be no assurances that a USDY holder will not incur losses, including total loss of their funding to acquire USDY tokens.

This article presents my perspective on the challenges encountered in building infrastructure for the crypto domain, as well as a novel interpretation of shadow fork. This crypto-native technological concept may well become a disruptive innovation.

Reef Chain is at the forefront of driving innovation in the DeFi space. Through its ecosystem of decentralized applications (dApps), Reef Chain provides users with a wide range of financial services, including decentralized exchanges, lending and borrowing platforms, and yield farming opportunities. The platform's user-friendly interface and intuitive design make it accessible to both experienced DeFi enthusiasts and newcomers, fostering mass adoption and democratizing access to financial services. Reef Chain cultivated a thriving ecosystem of partners, developers, and projects, contributing to its growth and adoption. By collaborating with strategic partners, Reef Chain expands its reach and supports the development of new and innovative DeFi solutions. The Reef Finance platform serves as a hub for exploring and accessing these decentralized services, providing users with a seamless and secure experience. With its scalable infrastructure, innovative technology, and ecosystem of DeFi applications, Reef Chain and its native token $REEF are reshaping the future of decentralized finance. As Reef Chain continues to drive innovation and empower users to participate in the DeFi revolution, the potential for growth and development is immense. Embrace the power of $REEF and Reef Chain, join the community, and ride the wave of web3. reef.io

🚀 Excited to announce our expanded services in the booming realm of Decentralized Finance (DeFi)! 🌐💰 Are you ready to dive into the future of finance? Our team is geared up to offer cutting-edge DeFi development services to propel your project to new heights. Here are some of the areas we specialize in: 1️⃣ Smart Contract Development: Our expert developers can design and deploy secure and efficient smart contracts tailored to your specific DeFi requirements. 2️⃣ Decentralized Exchange (DEX) Solutions: We create robust DEX platforms that enable seamless and secure peer-to-peer trading of digital assets, providing users with unprecedented control over their funds. 3️⃣ Lending and Borrowing Platforms: Harness the power of decentralized lending and borrowing with our custom-built platforms, allowing users to access liquidity and earn interest in a trustless environment. 4️⃣ Yield Farming Protocols: Maximize returns and incentivize liquidity provision with our innovative yield farming solutions, designed to optimize token rewards and enhance user engagement. 5️⃣ Oracle Integration: Ensure the reliability and accuracy of real-world data in your DeFi applications by seamlessly integrating secure Oracle solutions. 6️⃣ Tokenization Services: Transform real-world assets into liquid digital assets through our tokenization services, unlocking new opportunities for fractional ownership and trading on decentralized platforms. Ready to revolutionize the financial landscape with DeFi? Let's collaborate and bring your vision to life! 💡 Reach out to learn more about our comprehensive DeFi development services. Check More about DeFi Development Services - https://lnkd.in/gkBSjH-U #DeFiDevelopmentCompany #BlockchainInnovation #DecentralizedFinance

Coinbase Plans Tokenization Following Blackrock Move🚨 Coinbase's entry with the planned creation of a tokenized money-market fund, along with BlackRock's earlier move this year into tokenized treasury funds. The Broader Implication 🌐 When established giants like Coinbase and BlackRock make bold moves into new financial technologies, it often signals that the market is maturing and ready for broader adoption. This is similar to how, in the mid-2000s, companies like Apple and Google drove the narrative and development of new technologies. For instance, Apple’s introduction of the iPhone and its aggressive promotion of the App Store fundamentally transformed the mobile industry 📱. It wasn’t just about selling a new device; it was about creating an entirely new ecosystem of mobile applications that changed how we interact with technology. Similarly, Google’s push into cloud computing with Google Cloud Platform ☁️ showcased a significant shift. By leveraging its robust infrastructure and technological expertise, Google not only validated the potential of cloud services but also accelerated its mainstream acceptance, paving the way for widespread adoption of cloud-based solutions in various industries. Next Steps in Tokenization 📈 Recently, I read an interesting blog that emphasizes the importance of TradFi integrating with DeFi to unlock the full value of tokenization. Tokenization on its own is not enough. A couple of interesting points from the article are the following: 1. « Tokenization allows direct access to assets, unlike traditional finance. The next step is to develop a secondary market to enhance this accessibility further. » 2. « Simply tokenizing assets is not enough. The real benefit lies in composable ‘yield’. Tokenizing assets in DeFi provides advantages for payment and collateral in financial activities 💱. » Hence, I believe this move from Coinbase and Blackrock is setting the stage for a broader integration of decentralized finance (DeFi) with traditional finance (TradFi). You can read the full article here: https://lnkd.in/dR3pXac7

Soroban Upgrade and Smart Contracts on Stellar: Transforming the Digital Asset Landscape In a world where innovation reigns supreme, the digital asset space is undergoing a seismic shift with the introduction of the Soroban upgrade and smart contracts on the Stellar network. This dynamic duo promises to revolutionize how we interact with digital assets, paving the way for a more efficient, secure, and inclusive financial ecosystem. The Soroban upgrade represents a quantum leap in transaction processing on the Stellar network. Named after the ancient Japanese abacus, Soroban brings unparalleled speed and precision to Stellar's transaction settlement, enhancing network throughput and scalability. This enhancement not only improves user experience but also lays the groundwork for broader adoption of Stellar-based applications across diverse industries. But Soroban is not just about speed; it's about unlocking the full potential of smart contracts on the Stellar network. By introducing Turing-complete smart contracts built on WebAssembly (WASM) and Rust, Soroban opens the door to a myriad of possibilities. From decentralized finance (DeFi) and asset tokenization to automated trading platforms and beyond, smart contracts on Stellar empower developers to create innovative solutions that were once unimaginable. The significance of Soroban and smart contracts on Stellar cannot be overstated. Together, they represent a symbiotic relationship that propels the digital asset space into uncharted territory. Soroban's efficiency combined with smart contracts' programmability not only enhances the capabilities of the Stellar network but also fosters a culture of innovation and experimentation among developers. Moreover, the timing of these developments couldn't be more perfect. With the global demand for decentralized applications (DApps) and blockchain technology on the rise, Soroban and smart contracts on Stellar position the network as a frontrunner in the race for technological supremacy. As the digital asset space continues to evolve, Stellar stands ready to lead the charge towards a more inclusive and accessible financial future. In conclusion, the Soroban upgrade and smart contracts on Stellar mark a pivotal moment in the history of digital assets. They represent the culmination of years of research, development, and collaboration, paving the way for a new era of innovation and prosperity. As we embark on this exciting journey, one thing is certain: the future of digital assets has never looked brighter, thanks to Soroban and smart contracts on the Stellar network.

Syncus (SYNC): Bridging the Gap Between DeFi Kingdoms with Zero-Knowledge Proofs The world of Decentralized Finance (DeFi) is flourishing, but fragmentation across different blockchains hinders its full potential. Syncus (SYNC) emerges as a promising solution, leveraging zero-knowledge proofs (ZKPs) to build bridges between DeFi ecosystems, fostering a more interconnected and efficient future. Understanding Syncus: A Gateway Between DeFi Islands Imagine a DeFi landscape where users can seamlessly transfer assets and interact with applications across various blockchains. This is the vision behind Syncus. By utilizing ZKPs, a powerful cryptographic tool, Syncus allows secure and trustless communication between blockchains without revealing sensitive transaction details. This eliminates the need for cumbersome data replication and paves the way for: Enhanced Interoperability: Syncus bridges enable users to move assets and interact with DeFi protocols on different blockchains, maximizing flexibility and choice. Improved Scalability: ZKPs help alleviate the burden on individual blockchains by verifying transactions efficiently, contributing to a more scalable DeFi ecosystem. Increased Security: Syncus prioritizes security. ZKPs ensure the privacy and validity of transactions while minimizing the risk of fraud or errors. Beyond Bridges: The SYNC Ecosystem While interoperability is its core function, Syncus offers more than just bridges. Here's a glimpse into the SYNC ecosystem: SYNC Token: The lifeblood of the network, SYNC tokens are used for various purposes, including network governance, transaction fees, and staking rewards for users who contribute to the network's security. Focus on Developer Adoption: Syncus actively seeks to attract developers by providing tools and resources to build interoperable DeFi applications on their platform. Community-Driven Approach: The Syncus team prioritizes a collaborative environment. SYNC token holders can participate in governance decisions through voting, shaping the project's future. The Road Ahead: Can Syncus Unify the DeFi Landscape? Several factors will influence Syncus's long-term success: Widespread Adoption: For Syncus to thrive, it needs to be integrated with a significant number of blockchains and DeFi applications. Technological Advancements: Continuous innovation in ZKP technology is crucial for Syncus to maintain its efficiency and security edge. Regulatory Landscape: Navigating evolving regulations surrounding DeFi and interoperability protocols will be essential for long-term success.

👀The liquid staking sector recently became the most profitable business model in DeFi, surpassing decentralized exchanges. Lido Finance currently controls the market with nearly $30b of assets staked. And now Eigen Layer has entered the #2 spot with over $12b staked (up 10x in 3 months). What's the business model? Liquid staking protocols provide infrastructure that allows anyone to easily become a validator within the Ethereum network and earn passive yield for holding the token. The Lido protocol takes a 5% fee on the yield it pays out to its depositors. An additional 5% is paid to entities running the physical hardware supporting the system. Where does the yield come from? It comes from user transaction fees on Ethereum + consensus rewards. As for Eigen Layer? The fees paid to depositors come from L2s, data oracles, and other protocols that leverage Eigen Layer's "rentable security." ---- The DeFi sector has disappointed over the last few years but there are many healthy, maturing, and profitable protocols that are going to surprise the market this cycle in my opinion. In fact, it's possible that multiple DeFi protocols could do $100 million in top-line revenue this year. Data: Liquid Staking sector assets staked powered by Token Terminal (link for a *free* PRO account in the comments.

"Distributed state machines have proven incredibly resilient architecture for value transfer which now supports over $1.6trn of total on-chain asset value, with real-world assets making up less than 10% ($132bn). However, the total value of on-chain assets pales in comparison with the off-chain traditional assets. To put this in perspective, a 1bps (0.01%) daily increase in the total off-chain traditional asset market value is equivalent to the entire on-chain real-world asset market doubling overnight" "The emergent programmable on-chain asset class can support much more than its own weight, enabling faster and cheaper value transfer rails has the potential to be the settlement layer for existing off-chain real-world assets. In addition, public ledgers enable greater asset transparency and liquidity, thus reducing investor risk and borrower cost of capital. A holy grail of any capital market participants. This opportunity is most evident in real-world asset tokenization". The next wave of evolutionary change in traditional financial markets and beyond is taking us from physical analog to virtual digital. Driven by standardization (SWIFT, ERC20), decreased settlement times and settlement cost". "Tokenization, an evolution of securitization, is a real-world use case for encoding existing off-chain asset metadata in a digital token state. This new tokenisation paradigm will increase asset liquidity, lower distribution costs and reduce settlement times. The value of increased capital efficiency is increasingly relevant in light of higher opportunity cost of elevated money market rates". Source: https://lnkd.in/gxcgv3un