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Pendle
Pendle exists because cryptocurrencies want speculation.
In Pendle's short history, the team has continually iterated its yield trading product using narratives from stablecoins and the infamous "DeFi 2.0" (Olympus Dao) on the rise in 2021, to liquid mortgage tokens, real-world assets on Arbitrum, and restocking fluids during the long bearish period.
Pendle only struck gold after the points exploded in early 2024, with TVL rising from the multi-million to multi-billion dollar range. Pendle's Principle Tokens (PT) and Yield Token (YT) production mechanisms remain an indispensable tool for anyone looking to implement any form of leverage points or fixed return farms.
liquid
liquid It is a perfect example of what innovation looks like. Fluid took many successful DeFi fundamentals, like Uniswap v3's concentrated liquidity and Aave's utilization rate curves, and then redesigned traditional AMM liquidity provision from the ground up.
Through “smart debt” and “smart collateral” mechanisms, Fluid was able to execute multi-million dollar deep DEX operations Liquidity pools Which, technically, is $0 per TVL. This capital efficiency was an innovative combination of user debt from lending protocols and AMM liquidity pools.
Athens
Stablecoins are one of the most difficult sectors to compete in. This makes USDe's $6 billion market capitalization all the more impressive - all within one year.
Previous stablecoins were created along a centralization scale (USDT(vs. scalability)Dey). Athens Instead, we put together a series of impressive business development deals with CEXs and designed USDe, a scalable stablecoin that took advantage of the CEX-DEX arbitrage in funding rates and generated a return for users.
geonet
For GPS technology to work well with centimeter-level accuracy, traditional companies deploy thousands of real-time kinematic (RTK) networks, such as base stations and mobile rovers, globally.
Using cryptocurrency incentives, GEODNET sought to scale the deployment of RTK networks. Based on November data, GEODNET has already deployed at least 10,000 stations in 140 countries, surpassing the 5,000 stations combined from traditional providers Trimble and Hexagon.
Notably, GEODNET found a significant cost advantage. The cost of deploying a base station using GEODNET is about $700, or 97% cheaper than the old costs of $25,000. If that's not innovation, I don't know what is.
For more, check out the free Blockworks Research website a report On geonet.
hypothetical
Virtuals is the number one "pick and shovel" game of recent times Artificial intelligence agent madness.
It is an AI agent factory that allows anyone to create a unique AI agent. Similar to Pump.fun, the agent's native token is tied to the DEX liquidity pool (Uniswap v2) once the $420,000 market capitalization criteria is met.
Virtuals are built on Base, at least 12000 AI agents since its inception, including the famous cartoon robot Lunawhich operates 24/7 and can be tipped using the agent's token.
Virtual's innovation comes from a combination of many different pieces including LLM models, cryptocurrency wallets, innovative value accumulating tokens, NFTs, and IPFS for data storage.
For more, see this comprehensive post from A series of ideas.
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