Cas Abbé

“If Web3 ever builds a real middle class, it will be built out of people who can play, learn and work in the same network.”

Most people still talk about Web3 in extremes. On one side you have whales, early insiders and funds. On the other side you have airdrop farmers and short term speculators trying to catch the next pump. In the middle, where normal people live, the structure is weak. There is no clear ladder from playing a game or doing a quest to building a stable, long term digital life.

This is where Yield Guild Games in 2025 starts to look very different from the old “Axie guild” image. If you study what YGG is doing now, it feels less like a pure gaming project and more like an early blueprint for a Web3 middle class. Not middle class in the old, boring sense of just salary and savings, but in a new sense: people who have multiple small income streams, real skills, a recognizable digital identity and a modest but growing stake in the networks they help build.

YGG is building this ladder step by step. At the base, you have casual degen games like LOL Land and Waifu Sweeper under YGG Play, bringing in hundreds of thousands of players and millions of dollars in revenue on chains like Abstract.   Above that you have guilds and Onchain Guilds on Base, which turn loose groups into on-chain economic units with shared treasuries and reputation.   On the work side you have the Future of Work program, which connects that same community to AI and DePIN tasks so they can earn beyond games.   On the education side you have Metaversity and the Skill District at YGG Play Summit, which teach real, job-oriented skills.   And tying it all together you have real world programs like the Metaverse Filipino Worker Caravan, run with the Philippine government, that bring this ladder into cities far away from the usual tech hubs.

So instead of asking “Can YGG pump again” a better question in 2025 is “Can YGG become the place where a normal person can reasonably build a Web3 life that is not just gambling.”

The Web3 Gap: Hype At The Top, Instability At The Bottom

To see why this matters, it helps to be very honest about the current reality. Web3 is still shaped by cycles of hype. In bull runs, assets explode and early insiders make serious money. In bear markets, almost everything crashes and the loudest headlines are about failures and scams. In both states, a normal person does not have much protection.

If you are early and lucky, you can do well. If you are late or unlucky, you can lose months of savings in a few clicks. Traditional tools like DeFi yield or NFT speculation do not automatically create a stable “middle,” because they are still very volatile, and they reward capital and information more than time and effort.

YGG experienced this the hard way during the early play to earn wave. At first, scholarships and Axie rentals looked like a breakthrough for low and middle income players. But when game economics broke, many of those income streams collapsed. That experience forced YGG to ask a much harder question: how do you build something that survives both good and bad cycles and still leaves people better off.

The new YGG stack is its answer to that question. It mixes high upside, high risk parts (like game tokens and launches) with slower, more skill-based and work-based parts (like AI tasks and education). Instead of telling people “this game will change your life,” it builds a system where games, skills and work reinforce each other. That is what a healthy middle class structure looks like in Web3 terms.

Games As A Controlled “Risk-On” Layer

Let’s start at the top of the funnel. YGG knows that people love games and degen moments. It does not try to fight that. Instead, it tries to make the risk-on side more honest and more structured.

LOL Land under YGG Play is a good example. It is a simple board game on the Abstract chain, with dice rolls, events and maps like YGG City and Pengu Wonderland made with Pudgy Penguins.   It feels like a fun, meme-rich environment. But behind that there is serious performance.
Reports from Messari, Gam3s and other outlets show that by late 2025 LOL Land had passed around 4.5 million dollars in lifetime revenue, with about 2.4 million dollars earned in one recent thirty day window and peaks of over 630,000 monthly active users and 69,000 daily active users in July.

Waifu Sweeper, launching at Art Basel Miami in partnership with Raitomira and OpenSea, repeats the formula with another twist. It is a skill-first puzzle game that rewards logic, not just luck, layered with anime-style companions and special NFTs for event attendees on Abstract.

These games are still risky. Players can spend and lose money. Token prices can move. But they run inside a larger safety net. They are connected to YGG Play’s Launchpad, to limited allocations for real players, and to a wider community that is learning together, not gambling alone.

So YGG does not pretend that risk disappears. It just tries to move risk into environments where people also gain skills, relationships and identity, not just quick PnL. For a future Web3 middle class, that is much healthier than random meme casino exposure with no context.

Guilds And Onchain Guilds: From Individuals To Economic Households

A middle class is not built from isolated individuals only. It is built from households and groups that can share resources, help each other and manage shocks. In Web3, YGG is trying to turn guilds into that kind of economic unit through its Guild Protocol and Onchain Guilds on Base.

Onchain Guilds are described in YGG’s own concept paper as a “web3 primitive” for communities. They give any guild a shared treasury, a membership list, and tools for tracking contributions and issuing non-transferable reputation tokens.   In simple words, they formalize something that used to live only in chats and spreadsheets.

This matters a lot when you talk about financial and work stability. A single person can burn out or disappear. A guild, if structured well, can manage tasks across many members, step in when someone is sick, and build up buffers for bad times. Onchain Guilds make this visible and programmable.

By late 2025, Binance’s coverage of the Guild Protocol notes that it has deployments on Ronin and Abstract as well as Base and powers hundreds of guilds that integrate directly with YGG Play’s launchpad and quest systems.   This turns YGG’s community map into something like a network of small economic households, each with its own wallet and track record.

For a Web3 middle class, this is key. Instead of being alone in a volatile market, you can belong to a guild that shares upside, spreads risk and gives you a history that future partners or employers can see. That is exactly how real-world middle classes work too: not just individuals, but families, cooperatives and firms.

Future Of Work: The “Risk-Off” Layer That Balances The Games

If games are the risk-on side of the ladder, Future of Work is the risk-off side. It is built on a simple idea: the same people who can play, quest and coordinate online can also help AI and DePIN projects if you give them the right rails.

YGG’s Medium announcement and later e27 and Binance Square features explain the design. Future of Work is a program that matches the YGG community with decentralized earning opportunities in AI data labeling, AI feedback, and DePIN tasks, such as running nodes or verifying real world activity.

The flow is familiar to gamers. Work is packaged as quests. There are clear instructions. Contributions are tracked. Rewards are on-chain. The difference is that the “boss fight” is not only in a game map. It might be a tricky classification task for an AI model, or a check for whether a DePIN node is behaving correctly.

This adds stability to the YGG stack. In a slow market, game volumes may fall. But AI and DePIN demand for human input can stay strong or even increase. Because work is more tied to real tasks than to token prices, it can act as a balancing force.

For a Web3 middle class, this is powerful. It means your fate is not bound to one chart.
You can play when conditions are good, but you can also lean on structured work streams when markets are quiet. The same guilds that raid in LOL Land can become teams that deliver long term AI tasks. That hybrid design is exactly what most people need if they want to live in Web3 without becoming full-time gamblers.

Metaversity And Skill District: Turning Time Into Real Skills

Money without skills is fragile. YGG seems very aware of this, which is why it has invested in Metaversity and the Skill District at YGG Play Summit.

BitPinas, Gam3s and other outlets report that the Skill District is being expanded in the 2025 summit to add more AI, game development and Web3 workshops, including sessions called “Prompt to Prototype” that teach aspiring builders how to use AI to create games.   There are also tracks for content creation, marketing, community management and other practical roles that fit the digital economy.

Metaversity acts as the education brand that binds this together. It is not a traditional university, but a learning layer that works with guilds, Future of Work, and YGG Play to turn quests and events into structured learning paths.

In simple language, this means that if you spend hours in the YGG universe, it is not just wasted screen time. You can learn to use AI tools, design simple games, create better content, manage communities and understand how Web3 products really work. Those skills are portable. You can use them inside YGG-related projects, but also in many other online jobs.

For a Web3 middle class, this is essential. Tokens can be lost. Skills stay. By turning gaming time into learning time, YGG increases the chances that its members become more employable with each cycle, not less.

The Metaverse Filipino Worker Caravan: Building A Base Outside Crypto Bubbles

Most Web3 experiments are stuck in a narrow social circle: big cities, crypto Twitter, Discord servers. The Metaverse Filipino Worker (MFW) Caravan breaks out of that bubble.

Coverage from local media in the Philippines shows how YGG Pilipinas, together with the Department of Information and Communications Technology (DICT) and regional education offices, is touring cities like Davao, Iloilo, Cebu, Bicol and Palawan to run digital work roadshows.   At each stop, students and job seekers learn about AI, Web3, freelancing, and how to join programs like Future of Work.

DICT officials connect this directly to national goals like “Trabahong Digital,” a target to create millions of digital jobs by 2028.   In that story, YGG is not a toy. It is a channel that can help absorb and train real workers.

For the Web3 middle class idea, this is a big deal. It means the base of the ladder is not limited to early crypto adopters. People who have never opened a DEX but are hungry to learn can join directly at an MFW stop, then move into guilds, games, quests and work.

It also gives YGG a different kind of moat. It is building trust with families, schools and local governments, not just with traders. That trust is hard to copy and gives the network resilience beyond any single game or token.

Treasury, Ecosystem Pool And YGG Token: Giving People A Shared Stake

A middle class usually has some ownership. Not everything, but something: a house, a small business, a pension. In Web3 terms, that shared stake can be represented by a token, but only if that token is connected to real value, not just narratives.

YGG’s recent financial moves point in that direction. Messari and other sources note that YGG created an “Ecosystem Pool” with fifty million YGG tokens, worth around 7.5 million dollars when announced, managed as an Onchain Guild to fund growth, yield strategies and partnerships instead of sitting idle.

Revenue from LOL Land has already been used to buy back YGG on the market, with at least two major buyback events in mid to late 2025 totaling roughly 1.5 million dollars, funded from game income.   Binance Square and IQ.
wiki articles describe how these buybacks and future distributions push YGG toward a more “revenue share” model, where holders can benefit directly when the ecosystem performs.
That kind of design gives everyday members a reason to think long term. If you believe the guild network, games, work programs and events will keep growing, then holding YGG is not just a bet on hype. It is a claim on a share of a real economic machine.
For a Web3 middle class, this is what “ownership” can look like. You are not just a user or a worker. You can literally own a small part of the network that organizes your play and work, and that can be powerful if the treasury logic stays disciplined and transparent.
A Typical Journey: From Player To Web3 Middle Class Member
Putting this together, it is useful to imagine a simple journey.
Someone in Cebu hears about the MFW Caravan and attends a workshop. They learn what Web3 and AI are, see a demo of LOL Land on Abstract, and scan a QR code to join a starter guild. Over the next months, they play casually, join quests, and get used to wallets, low-fee transactions and season mechanics.
Their guild activates an Onchain Guild on Base, so their contributions now leave on-chain traces. They start joining more complex quests through ARC and Future of Work, maybe labeling AI data or testing a DePIN app. Their skill and reliability show up in the quest history and guild reputation.
At some point, they attend YGG Play Summit’s Skill District in Manila. They join a “Prompt to Prototype” workshop and learn to use AI tools to build simple game ideas. They meet other community members and maybe a small studio that wants help with community content.
Now they have multiple small income streams: a bit from playing and participating in seasonal events, a bit from AI tasks, maybe a bit from helping a partner project. They also gradually build a YGG position, possibly boosted by rewards or buybacks, giving them some long-term exposure. Their skill set includes AI tools, basic Web3 navigation, and community or content work.
This person is not rich. But they are also not just a gambler. They have a set of digital tools, a guild safety net, a work history, and a stake in the network. That is what a Web3 middle class member could look like, and YGG is one of the few projects where you can see that path being built end to end.
Why This Matters For Other Projects And Chains
YGG’s middle class blueprint is not only important for YGG holders. It is important for anyone building in Web3, AI or DePIN.
Chains need users who stick around. Game studios need players who will test seasons, give feedback and invite friends. AI platforms need human operators who understand both tools and tokens. Governments need partners who can help turn abstract “digital job” plans into practical programs on the ground.
YGG’s network is becoming a shared solution to all of these needs. The Guild Protocol plus Onchain Guilds offer an identity and coordination rail. YGG Play games like LOL Land show how to get real traction on L2 and L3 chains. Future of Work provides serious use cases for AI and DePIN partners. The MFW Caravan and Play Summit provide the real world anchor.
In that light, helping YGG succeed is not just about liking the brand. It is about proving that Web3 can support normal people in a structured way, not only a few insiders and a huge crowd of short term speculators. If YGG can make this model work, others can copy parts of it, and the whole space becomes more human and more stable.
Risks To The Web3 Middle Class Vision
Of course, none of this is guaranteed. There are clear risks.
Web3 gaming is still rough. Even successful titles like LOL Land can lose steam if seasons are not managed well or if competition becomes too strong. Casual degen as a category is still new, and player attention is always moving.
AI and DePIN demand for human work may change as models and networks evolve. Some tasks might be automated away. New tasks might require much deeper skills.
Future of Work will need to stay flexible and update its task mix constantly.

Operationally, YGG is running a lot at once: games, infra, work programs, caravans, summits, education. If the team spreads itself too thin or if key people leave, some parts of the stack could degrade and break the link between play, learning and work.

Regulatory shifts could also shape how fast YGG can grow its work programs and revenue sharing models, especially as it works more closely with government and corporate partners.

So the vision of a Web3 middle class anchored around YGG is still a bet. But it is at least a bet with clear pillars you can track: game performance, guild adoption, work volume, education output and treasury discipline. That is more than you can say about most pure narrative tokens.

What YGG Could Represent By 2030 If This Works

If you push the timeline out to 2030 and imagine YGG executing well, the picture is interesting.

You could see a world where hundreds of thousands or even millions of people have some mix of income, skills and identity that came through YGG. Many would have touched LOL Land or its successors on Abstract or other L3s.   Many would have completed AI and DePIN tasks through Future of Work.   Thousands might have attended Play Summits or MFW Caravan events, or completed Metaversity tracks.

For chains and protocols, working with YGG could become the standard way to get a serious, human community behind a launch or an experiment. For governments, YGG could be a long term partner in digital jobs and youth training. For holders, the YGG token could be a rare Web3 asset that actually reflects the cash flow and coordination power of a real network of people.

In that future, the phrase “Web3 middle class” would have more meaning. It would refer to people whose lives are not trapped between pump and dump, but are built on a mix of play, work, education and ownership.

YGG is not there yet. But among all the noise, it is one of the few projects where you can see the full ladder being built in public: from game map, to guild, to quest, to work, to skills, to stake.

If Web3 ever does build a real middle class, there is a good chance that many of its early members passed through that ladder at some point and could say, “I started with a game in YGG, but I stayed for a life.”

#YGGPlay @Yield Guild Games
$YGG

Lorenzo Protocol is usually described as a Bitcoin liquidity layer and an on-chain asset manager. Those labels explain what it does, but not why it matters right now. The new, deeper way to see Lorenzo is this: it is trying to be one of the safest and most trusted “engines” for yield on Bitcoin and stablecoins in a world that is getting more complex, more cross-chain, and more AI-driven every month.

In 2025, we are in a strange situation. Real-world assets are coming on-chain. Bitcoin is being restaked into new networks. Stablecoin funds are appearing everywhere. At the same time, audits talk about hackers going after RWA protocols and cross-chain bridges, and regulators are watching stablecoins and tokenized funds closely. CertiK’s own RWA report for 2025 shows millions of dollars lost in attacks on RWA-related protocols and highlights only a few projects that went through higher-grade audits and outside due-diligence to harden their security.

Lorenzo is trying to sit on the right side of that line. Instead of only focusing on high APYs or flashy campaigns, it has spent a lot of time wiring together a security stack around Chainlink, Babylon, Wormhole, audits from firms like CertiK, and risk-aware fund design for USD1+ OTF.   On top of that, it is now layering an AI-driven control plane called CeDeFAI, so that yield products can adapt to conditions without becoming opaque or uncontrolled.

So the new angle here is trust. Lorenzo is not only building products. It is building a system that says: “You can plug your BTC and your stablecoins into this engine, and we will treat security, transparency, and risk as first-class features, not afterthoughts.”

Why Trust And Risk Management Are Now The Real Bottlenecks

In earlier cycles, DeFi problems were mostly about innovation and access. People complained there were not enough products and not enough bridges between Bitcoin and on-chain finance. Today, the problem has flipped. There are many products, many chains, and many incentives. The bottleneck is whether users, treasuries, and regulators trust any of them.

Chainlink’s own education hub on Bitcoin DeFi notes that as more BTC moves into DeFi through liquid staking and restaking, risk shifts to bridges, staking contracts, and oracles. It highlights protocols like Lorenzo that have adopted Chainlink CCIP, Price Feeds, and Proof of Reserve specifically to strengthen this path.   At the same time, CoinMarketCap’s AI summary of BANK points out that BANK’s future value depends less on pure hype and more on whether Lorenzo can show real TVL growth and institutional adoption before more airdrop and emission phases kick in.

In the real-world asset space, OpenEden’s announcement that USDO will be integrated into USD1+ OTF comes with a long legal disclaimer. It reminds users that USDO is issued under a Bermuda license and is not available in certain jurisdictions.   This is not just legal text. It is a signal that regulators care, and that protocols handling tokenized treasuries are expected to meet certain standards.

Finally, Binance Square posts under tags like “RWA赛道” show how the community is starting to separate “serious” RWA projects from reckless ones, often pointing to things like AI-enhanced risk controls and third-party audits as key reasons to trust a platform.

In that environment, building yet another yield farm or wrapped token is not enough. What matters is whether the system has a strong risk spine: audited contracts, robust oracles, clear fund structure, and a way to respond to shocks. Lorenzo is trying to answer that demand at several levels at once.

The Security Stack Under Lorenzo’s Bitcoin Layer

Let’s start with the Bitcoin side, because that is where a lot of risk can hide. Lorenzo’s core BTC products are stBTC and enzoBTC. stBTC is the Babylon-powered liquid staking token that earns Babylon staking yield, and enzoBTC is the wrapped BTC token standard used across DeFi, redeemable one-to-one for BTC and holding Lorenzo’s own on-chain yield and liquidity farming flows.
To make this safe enough for serious BTC holders, Lorenzo has done several things.

First, it integrated the Chainlink platform very deeply. A dedicated Medium article explains that Lorenzo uses Chainlink Price Feeds to keep stBTC markets in sync with fair BTC prices, Chainlink Proof of Reserve to verify that wrapped and staked positions remain fully backed, and Chainlink CCIP for secure cross-chain messaging when BTC representations move between networks.   Chainlink’s own Bitcoin DeFi page then lists Lorenzo among the set of Bitcoin liquid staking projects that are using CCIP, Data Feeds, and PoR to make cross-chain BTC usage more transparent and robust.

Second, Lorenzo built its BTC staking pipeline on Babylon’s shared security model instead of a custom, isolated staking system. Babylon’s mainnet now secures multiple “Bitcoin secured networks,” and Bybit Learn describes Lorenzo as one of the leading platforms that let institutional and retail users stake BTC into that shared security while keeping a liquid position.   This reduces protocol design risk, because Lorenzo is not inventing its own consensus. It is tapping into a dedicated security network whose only job is to handle BTC staking safely.

Third, it leans on Wormhole and other well-known bridges rather than building a brand-new, untested one. Cryptorank’s news feed and Lorenzo’s own ecosystem roundups highlight the integration with Wormhole for stBTC and enzoBTC, explaining that this unlocks multi-chain liquidity while using a bridge stack that is already heavily audited and widely used.

From a reasoning point of view, this stack makes sense. By using Chainlink for oracles and reserves, Babylon for staking security, and Wormhole for bridging, Lorenzo is trying to reduce the number of “home-grown critical components” in its BTC pipeline. Each external system has its own risk, but they are also deeply battle-tested and monitored. Lorenzo then focuses on how these pieces fit together and how to tokenize and route the resulting BTC yield in a transparent way.

USD1+ OTF As A Risk-Managed Real Yield Fund

On the stablecoin side, Lorenzo’s flagship product is USD1+ OTF. Many people talk about it as a yield fund, but its real significance is as a risk-managed, on-chain “bond fund” style product that tries to give users exposure to real economic returns without hiding how those returns are made.

The testnet and mainnet launch posts describe the structure clearly. USD1+ OTF collects stablecoins and denominates everything in USD1, a synthetic dollar issued by World Liberty Financial and used as the settlement unit. The fund then allocates across three categories of yield: tokenized real-world assets such as treasuries via partners like OpenEden and USDO, quantitative trading strategies on centralized venues, and DeFi yield such as lending or delta-neutral LP positions.

Users do not have to manage any of this. They see one fund and one token. That token, sUSD1+, is non-rebasing and tracks the fund’s net asset value. Bitget and Binance both stress that yield comes through price appreciation rather than inflation, which avoids the hidden dilution that many “high APY” DeFi pools rely on.   CoinMarketCap’s description describes USD1+ as a “real yield fund” that standardizes how USD-based strategies settle and sets the tone for future OTFs.

Risk-wise, this structure gives Lorenzo several tools. Because the fund is built as an on-chain portfolio with NAV, it can rebalance allocations between RWAs, CeFi strategies, and DeFi when conditions change. If DeFi yields become too risky, allocation can tilt toward treasuries. If RWA spreads shrink but DeFi opportunities improve, allocation can shift back. Everything remains visible on chain in terms of flows and valuations.

From a user’s perspective, the important point is that the product looks and behaves like a conservative, diversified income fund, not like a single farm that might blow up.
The sources of return are tied to basic economic activities: government debt, basis trades, fees from providing liquidity, spreads from quant trading. That does not remove risk, but it makes risk easier to explain and to monitor.
CeDeFAI And Post-GENIUS: Turning Risk Control Into A Continuous Process
Lorenzo’s CeDeFAI platform is where the protocol takes risk management one step further. Rather than keeping fund logic frozen, CeDeFAI uses AI models and telemetry to adjust strategy allocations over time.
Phemex and SuperEx both report that Lorenzo’s CeDeFAI engine merges AI and blockchain for advanced asset management. It looks at market data, volatility, order flow, and performance, and then fine-tunes allocations inside OTFs like USD1+ using quantitative trading strategies. A recent Binance article on AI and DeFi adds that CeDeFAI is designed to give “automated yields” to clients, letting corporate users plug USD1 balances into USD1+ and have the AI layer search for better yields through what they call “data deals” and smarter routing.
Another Binance Square post in Italian goes even deeper, describing Lorenzo as entering a “post-GENIUS” phase where the protocol behaves less like a static DeFi app and more like a computational yield organism. It mentions that Lorenzo is combining Chainlink’s full-stack primitives with a telemetry layer that acts like a “high-frequency decision cortex,” making allocation decisions reinforced by sub-100-millisecond price feeds.
This may sound abstract, but the reasoning is simple. In modern markets, risk is not just about what you hold, but how fast you can react. If interest rates spike, if a DeFi pool is exploited, or if a spread closes, a slow fund will suffer. By putting AI and fast oracle data at the heart of its decision system, Lorenzo is trying to turn risk control into a continuous, always-on process rather than a quarterly rebalancing exercise.
The key question is whether this can be done in a way that stays transparent and predictable for users. Lorenzo’s answer is to keep OTFs as the user-facing layer. Users only see fund tokens and NAV. The AI logic operates underneath, adjusting the mix but not the basic behavior of the product. In this model, CeDeFAI is more like an advanced autopilot than a black-box trader.
Trust Through Audits, Oracles, And Governance
Security for Lorenzo is not only about product design and AI. It is also about external verification and governance.
First, there are audits. Binance Square posts under the “bankruptcyupdate” tag and project roundups mention that Lorenzo completed comprehensive CertiK audits in November 2025, receiving a high AA score on core protocol and enzoBTC contracts, with no critical vulnerabilities found. In a year where CertiK’s RWA report highlights how many yield and RWA projects lost funds due to contract weaknesses, that AA rating becomes a strong marketing and risk signal.
Second, there is the oracle stack. The Chainlink integration article and the November 2024 ecosystem roundup show Lorenzo adopting Chainlink Price Feeds for BTC and other assets, Proof of Reserve for wrapped BTC and stablecoin reserves, and CCIP for cross-chain operations. This combination reduces the chance that stBTC or enzoBTC drift away from real BTC value, or that collateral shortfalls go unnoticed.
Third, there is governance and the BANK token. Weex and Atomic Wallet both describe BANK as the governance and incentive token that controls emission schedules, gauge weights, fund parameters, and risk decisions through the veBANK model. Medium’s BANK airdrop guide also shows how users earn points by staking stBTC or enzoBTC and participating in campaigns, linking governance rights to real usage rather than speculation alone.
Of course, governance brings its own risks. CoinMarketCap’s price prediction note warns that BANK’s long-term path depends on balancing institutional product growth with dilution from a large max supply of 2.1 billion tokens and a still small market cap.
If governance becomes dominated by short-term speculators who prefer higher emissions and risk, the trust built by Chainlink, audits, and CeDeFAI could be undermined.
Still, the basic logic is sound. By combining strong oracles, external audits, and a governance system where long-term stakers and product users can steer decisions, Lorenzo is trying to give both humans and institutions reasons to believe that its yield engine will not be run purely on greed or guesswork.
How Lorenzo’s Risk-First Design Compares To Other Paths
To see Lorenzo’s unique position more clearly, it helps to compare it with three other types of projects.
The first type is pure BTCFi platforms that only focus on Bitcoin liquid staking or Bitcoin L2s. These projects do important work, but they often leave stablecoin yield and real-world assets to others. Lorenzo, by contrast, treats Bitcoin liquidity and stablecoin funds as two sides of the same engine. Its integration with Babylon, stBTC, and enzoBTC handles the Bitcoin side, while USD1+ OTF and future funds handle the dollar side.
The second type is pure RWA platforms like tokenized Treasury issuers. They usually focus on one job: letting users buy on-chain shares of Treasury portfolios. Lorenzo does not try to replace them. Instead, it uses them as ingredients. The integration of USDO from OpenEden into USD1+ OTF is a perfect example: USDO becomes one collateral asset inside a larger, active strategy fund that mixes it with other yields. This keeps Lorenzo from having to run its own licensed RWA pipeline, while still letting it offer RWA-based yield as part of its product.
The third type is simple yield aggregators that chase the highest APYs on DeFi and CeFi venues. They can deliver impressive numbers in bull markets, but often do not have deep risk controls, clear fund structures, or strong oracle and audit support. Lorenzo goes in the opposite direction. Its OTFs define risk budgets, use NAV and fund shares instead of raw pools, and rely on Chainlink, audits, and AI to make allocation decisions. It trades some peak APY potential for robustness, transparency, and long-term sustainability.
In simple words, Lorenzo is not trying to win the race for “highest numbers.” It is trying to win the race for “most trusted yield engine that humans, DAOs, and AI systems can plug into without constant panic.”
Forward-Looking Scenarios: Regulation, Stress, And Survival
To test whether this trust-first architecture really matters, it is useful to imagine a few future scenarios.
In one scenario, regulators tighten rules around stablecoins and tokenized funds. Protocols that cannot show clear backing, audited contracts, and well-defined fund structures lose access to key markets or partners. In that world, Lorenzo’s choice to build USD1+ as a transparent, multi-source fund with RWA partners like OpenEden, to use Chainlink Proof of Reserve, and to work with external auditors like CertiK becomes a survival advantage instead of an optional feature.
In another scenario, there is a major cross-chain hack or RWA failure. Projects that created their own ad-hoc bridges or rolled their own oracles may be hit hardest. Protocols that use standardized systems like Chainlink CCIP, Price Feeds, and PoR, and that spread yield across RWA, CeFi, and DeFi instead of concentrating it, might take losses but stay solvent. Lorenzo is explicitly aligning with that second group, according to both its Chainlink integration posts and its own ecosystem roundups.
In a third scenario, markets become dominated by AI-driven agents and high-frequency capital. Funds that cannot adapt their strategies quickly and safely get arbitraged away. Lorenzo’s CeDeFAI and post-GENIUS engine are designed specifically for this environment, using fast oracle data and AI-guided allocation as a core engine, not as an add-on.
None of these scenarios are guaranteed, but they are plausible paths for the next five years.
In each one, infrastructure that takes trust, security, and risk control seriously stands a better chance of surviving and remaining relevant. That is the real bet Lorenzo is making with its current direction.

Conclusion: Lorenzo As A Trust Machine In A High-Noise Market

When you put all the new information together, Lorenzo Protocol looks less like a typical DeFi project and more like a trust machine for Bitcoin and stablecoin yield. Its BTC layer is built on Babylon, Chainlink, and Wormhole, and exposed through stBTC and enzoBTC. Its stablecoin layer is built around USD1+ OTF, a NAV-based, multi-source real yield fund that integrates RWA platforms like OpenEden. Its control layer is CeDeFAI, which uses AI and fast oracle data to keep strategies adaptive. Its protection layer includes audits from CertiK and reserve checks from Chainlink. Its coordination layer is BANK and veBANK governance.

In a market full of loud promises and fragile farms, this is a different kind of story. Lorenzo is not promising the highest APYs. It is promising that it will treat your capital like something that deserves a serious architecture: clear oracles, audited code, diversified portfolios, AI-assisted risk control, and community-driven governance.

If this approach works, most users will not think of Lorenzo as a “project to bet on.” They will think of it as plumbing. Their BTC will arrive as stBTC or enzoBTC in wallets and protocols. Their dollars will sit in USD1+ through simple “earn” interfaces. AI agents and companies will use USD1 and USD1+ for cash and savings. And behind all of that, the same engine will be running, watching prices, checking reserves, rebalancing exposure, and trying to be as boring and reliable as possible.

In the next phase of crypto, where risk and trust matter more than hype, being that quiet, careful engine might be exactly the edge that counts.

#LorenzoProtocol @Lorenzo Protocol
$BANK

Cash sitting still is dead. Cash that can think, move, and earn is power
That is the lens I’m using now when I look at Injective. For a long time, I saw it mainly as a chain for traders, perps, and DeFi. After digging into the latest research, EVM launch news, and especially Injective’s new work around digital asset treasuries, my view changed completely. Now I see Injective as something much bigger: a chain that wants to become the operating system for treasuries, balance sheets, and programmable cash flows in the on-chain world.

In this article, I want to stay inside that angle only. No generic “fast L1” talk. No recycled DeFi marketing. Just one idea: Injective as the place where corporate money, protocol treasuries, and even future sovereign balance sheets can live, move, and earn in a smarter way. And I’ll keep the language as simple and human as possible so it still feels like you are reading someone’s personal notes, not a research report.

How My Mental Picture Of Injective Changed

The old mental picture most people have is simple: Injective is a fast chain for trading, with an orderbook built into the base layer. That is still true, but it is not enough anymore.

When I went through the 21Shares primer, it described Injective as a high performance Layer 1 purpose-built for finance, doing more than twenty-five thousand transactions per second with near zero fees, and offering many pre-built financial modules like an on-chain central limit orderbook and a full real world asset suite.

Then I saw Injective’s own research hub and the iAssets paper. iAssets are described as programmable real world asset derivatives: stocks, FX, commodities and more, all fully on-chain, composable, and capital efficient. They are not just wrapped stocks that sit in wallets. They are building blocks that can be plugged into many other products like perps, indexes and structured strategies.

But what really flipped the switch for me was a specific blog post: Injective announcing SBET, the first on-chain Digital Asset Treasury, described as “the first onchain digital asset treasury” that turns a static corporate Ether reserve into a living, yield-bearing on-chain instrument. The post calls it a new asset class that can power programmable finance from day one, and points out that there is a multi-billion dollar opportunity as treasuries and balance sheet assets move onto these rails.

That is when it clicked. Injective is not only about traders. It is about treasuries. It is building rails not only for speculation, but for how organizations will hold, manage, and grow their assets in a programmable way. Once you see that, the rest of the design starts to make more sense.

Why Treasuries Need A New Kind Of Chain

Let’s talk about treasuries in simple terms.

Every serious organization has one: a protocol treasury, a corporate balance sheet, a fund’s cash bucket, even in the future maybe a digital sovereign reserve. This treasury holds assets like stablecoins, ETH, BTC, token allocations, sometimes fiat and bonds.

The problem is that most treasuries today are either sleeping or risk-blind. In crypto, treasuries often just sit in a multisig, with manual decisions and poor risk tools. In TradFi, treasuries sit in legacy systems that are slow, closed, and hard to connect to the on-chain world.

The result is the same: money that should be working ends up stuck. It is not hedged properly. It is not earning based on clear rules. It is not moving with market conditions. It is not programmable.

This is the gap Injective is aiming at with things like iAssets and Digital Asset Treasuries. Instead of a world where treasuries are passive pockets of capital, Injective wants a world where treasuries are active programs: they rebalance, they hedge, they earn, they respond to volatility on their own, and they do all of that in a transparent and auditable way.

To make this happen, you need more than a fast chain. You need a real financial engine under the hood. That is where Injective’s deeper architecture comes in.

Injective’s Financial Engine In Simple Words
The 21Shares primer frames Injective as infrastructure for global finance and breaks down three pillars: iAssets, Liquidity Availability, and multi-VM expansion. Together they are described as a foundation for future financial markets, not just a DeFi playground.

In simple words, here is what that means to me.

First, Injective has an on-chain orderbook at the protocol level. This means limit orders and matching are not improvised in random contracts; they are part of the core chain. That gives any treasury or asset strategy a clean, predictable market environment to trade in.

Second, iAssets let Injective mirror real world exposures like stocks, FX, and commodities in a way that is fully programmable. A treasury can hold an iAsset that behaves like a stock or an FX pair, and plug it directly into hedging or yield strategies.

Third, Liquidity Availability is a new framework where liquidity is treated as a network-wide resource, not trapped in individual apps. The paper explains how a solver and routing layer can move liquidity across the ecosystem so capital can be used wherever it is needed most, improving depth and capital efficiency for everyone.

If you put those together, you get more than just “a fast chain.” You get a chain where a treasury can buy, sell, hedge and rebalance across many asset types with good execution, deep shared liquidity, and instruments that represent both crypto and real world risk. That is what makes Injective feel like a treasury operating system, not just a DEX host.

Digital Asset Treasuries: Turning Static Reserves Into Living Instruments

The SBET launch is a perfect example of how Injective thinks about treasuries.

In its blog, Injective describes SBET as the first on-chain Digital Asset Treasury, basically a new asset class. The idea is simple: imagine a company holding ETH on its balance sheet. Normally that ETH just sits in a wallet, exposed to price swings and doing nothing else. With SBET, that same ETH reserve becomes a programmable, yield-bearing on-chain instrument. It can be managed by rules, integrated into strategies, and used as a base for more complex products.

In human words, this means the corporate ETH stack stops being dead weight and becomes something like a smart bond. It can pay yield. It can be hedged. It can be combined with other instruments. It can be reported on with full transparency.

This is powerful for two reasons.

First, it creates a bridge between the way companies think about their balance sheet today and the way they could think about it tomorrow. Companies already understand treasury products, money market funds, bond ladders and so on. Digital Asset Treasuries are the on-chain version of that logic, but with more programmability.

Second, it opens the door for a whole family of digital asset treasuries, not just SBET. You can imagine treasuries based on stablecoins, on iAssets that track indexes or FX, or on mixed baskets. All of these can be built and managed on Injective. This is where the multi-billion dollar opportunity mentioned in the SBET blog starts to make sense.

Injective As A Treasury Stack For DAOs And Protocols

This treasury story is not only for traditional companies. It is just as important for DAOs and crypto protocols.

Most DAOs today do treasury management in a very basic way. They hold their native token, maybe some ETH or stablecoins, and sometimes use simple tools to swap or diversify. Many protocols still have over-exposed treasuries, no clear hedging, and no system to generate stable yield from their reserves.

Injective gives DAOs a new set of options. With iAssets, a DAO can gain structured exposure to stocks, FX or commodities while staying fully on-chain. With RWA derivatives and synthetic perps, they can hedge macro risk or protect parts of their treasury from sudden shocks. With Digital Asset Treasuries like SBET, they can turn their own token reserves or ETH holdings into managed instruments with rules and yield.
Because all of this lives on a chain built for finance, DAOs do not have to stitch together five different tools. They can design a simple policy: for example, keep part of the treasury in stable digital treasuries, part in growth assets, part in hedged structures. Then they can execute that logic directly on Injective, with all steps visible on-chain.

Over time, this could push DAOs to behave more like professional funds, with clear risk rules and steady income instead of just hoping their token price goes up. That is a big cultural step for crypto, and Injective is one of the few chains that actually gives them the tools for it.

The MultiVM Era: Why EVM Support Matters For Treasury And Fintech Apps

Another piece that makes Injective interesting for treasuries and fintech is its new MultiVM architecture.

In November 2025, Injective launched its native EVM mainnet on its Cosmos-based Layer 1. Reports from The Block, Bitget, Phemex and others all highlight that this brings full Ethereum compatibility to Injective, with block times around 0.64 seconds and ultra low fees, while sharing liquidity and assets between EVM and WASM in one unified chain.

This is a huge unlock for builders who want to create treasury tools, fintech apps, or RWA platforms. They no longer have to choose between Ethereum familiarity and Injective’s finance-first infra. They can have both.

With native EVM live, a team that already built a treasury dashboard, a yield router, or a portfolio manager in Solidity can extend it into Injective to gain access to iAssets, Digital Asset Treasuries, and the on-chain orderbook. They can keep their existing tech stack and simply add a new environment where execution is cleaner and instruments are richer.

For fintech teams coming from Web2, EVM support plus Injective’s financial modules makes the chain feel like a ready-made backend. They can focus on user experience, compliance, and branding, while letting Injective handle the core moves: swaps, hedges, FX, structured yield and more.

Institutional Trust: Why The Injective Council Matters For Treasury Adoption

If you want real treasuries and real corporate money to move onto a chain, speed and features are not enough. Trust matters. Counterparties matter. Names matter.

This is where the Injective Council comes in. In 2025, Injective announced a strategic Council with founding members like Google Cloud, Deutsche Telekom, BitGo, Galaxy, Republic, NTT Digital and KDAC. Multiple news sites describe this Council as a body meant to bridge Web2 and Web3, bring institutional expertise, and push real world financial products onto Injective in a serious way.

Beyond the press release, there are concrete actions. Deutsche Telekom’s digital arm is running a validator on Injective, and Google Cloud has integrated Injective into its Web3 infrastructure stack, meaning builders can run on familiar cloud environments while deploying on Injective.

For a corporate treasurer, a DAO with serious governance, or a fintech compliance officer, this social layer matters. Seeing big cloud providers, telecoms, custody firms and venture names formally standing behind the chain and contributing to its direction makes it easier to justify using it for real treasury operations.

In other words, the Council is not just a flex. It is part of the trust story that will decide whether Injective becomes a real treasury chain or stays a pure DeFi playground.

On-Chain Digital Treasuries As A New Asset Class

Let’s step back and look at Digital Asset Treasuries as a new asset class in their own right.

The SBET example is just the first version: a corporate Ether reserve turned into a living, yield-bearing instrument on Injective. But the concept is much larger. The blog explains that this model opens a new class called Digital Asset Treasuries, which could include many types of assets and structures as more institutions come on-chain.

Digital Asset Treasuries have a few special features that old treasuries don’t. They are programmable, so they can follow rules.
They are composable, so they can plug into DeFi and derivatives. They are transparent, so their holdings and actions are visible in real time. And they can be global from day one, because the base layer is a public chain, not a private banking system.

This allows new behaviors. A company could publish a transparent on-chain policy: for example, always keep a certain share in stable reserves, a share in yield-bearing Digital Asset Treasuries, and a share in strategic iAsset exposure. A DAO could do the same, but with its community voting on the rules.

The more Digital Asset Treasuries exist, the more they can also be used as collateral, reference assets, or building blocks in other products. A treasury token might back a structured note, be part of an index, or serve as stable collateral in lending markets. Over time, this can create a deep and liquid market for “treasury risk” itself. That is a very different world from today’s sleepy cash balances.

Injective As A Back-Office For Next-Gen Fintech And Superapps

Now imagine how all of this looks from the point of view of a fintech app or a consumer superapp.

Most fintechs today still run their “back office” on a mix of legacy bank connections and internal ledgers. They support simple actions: hold cash, swap currencies at a bank, maybe buy some ETFs through a partner broker. Anything more complex takes months or years of integration.

With Injective, a new type of fintech can offload a lot of that complexity. The app can let users deposit stablecoins or fiat, convert them into on-chain representations, and then plug straight into Injective for all the heavy operations. The app front-end stays simple: show balance, show goals, show safety level, let users decide if they want to be more conservative or more growth-oriented.

Behind the scenes, the app can use Injective’s markets and Digital Asset Treasuries to manage FX, yield, and risk. It can move user funds between stable iAssets, treasuries like SBET, synthetic equity or index exposure, and hedged products, all inside one chain.

This is why the combination of MultiVM and finance-first modules is so important. It gives builders a strong engine and a familiar development environment at the same time. Over the next few years, I would not be surprised if some of the most advanced “cash management” or “smart savings” apps in Web3 are quietly running their back office on Injective.

Transparency And Reporting: A New Standard For Treasuries

Another big advantage of putting treasuries on Injective is simple but huge: visibility.

Traditional treasury systems are black boxes. Only internal teams and auditors see what is going on. For public companies or DAOs, external people have to wait for delayed reports, PDFs, and patchy disclosures. There is always a gap between reality and what is visible.

On Injective, Digital Asset Treasuries, iAssets holdings, hedges, and rebalancing actions all leave a trail on-chain. With the right dashboards, a company’s or protocol’s stakeholders can see how the treasury is positioned in real time. They can monitor risk levels, diversification, and yield performance without waiting for a quarterly report.

This builds a new kind of trust. It also makes it easier for external analysts and even regulators to understand what is happening. It turns treasuries from secretive boxes into open books. For long-term relationships between users, investors, and organizations, that is a huge upgrade.

Data And Research: Injective As A Treasury Intelligence Layer

Once treasuries, RWAs, and structured products live on a transparent, finance-first chain, you also unlock a new kind of data: real-time treasury intelligence.

The Injective Research hub already hosts work on iAssets, Liquidity Availability, and tokenomics. External groups like 21Shares and Chorus One have published deep primers on Injective’s architecture and RWA framework.
As more Digital Asset Treasuries and treasury-like products launch, researchers can start to study how they behave: how they respond to rate changes, how they interact with crypto cycles, how corporate treasuries and DAO treasuries differ in their choices. This turns Injective into a live laboratory for treasury behavior itself.

For AI models and risk tools, this is a goldmine. Injective’s on-chain data gives them a clean stream of information about how sophisticated treasuries manage risk and yield across many asset types. That data can feed back into better strategies, smarter hedges, and more resilient treasury products in the future.

The Main Risks I Keep In Mind

Even though I’m clearly bullish on this treasury angle, I also keep some risks in my head.

First, complexity. Digital Asset Treasuries, iAssets, Liquidity Availability, and MultiVM are powerful but not simple. Mistakes in design or implementation can affect many users and products at once, because everything is connected. The research papers themselves admit this is new territory.

Second, adoption. For Injective to truly become a treasury operating system, real treasuries have to show up: DAOs, protocols, companies, funds, maybe even governments later. The Council, the EVM launch, and the SBET pilot are strong steps, but the ecosystem still needs time to fill in.

Third, competition. Other chains also want to host RWAs, treasuries, and perps. Some focus on pure tokenization. Others focus on derivatives only. Injective’s advantage is that it is combining these pieces into one coherent finance-first architecture with real partners, but it still has to keep shipping and proving itself under real market stress.

Why I See Injective As A Long-Term Treasury Chain, Not Just A Trading Chain

When I pull all of this together, my personal conclusion is simple.

Injective is evolving from “a chain for trading” into “a chain for treasuries.” By treasuries I don’t just mean corporate cash desks. I mean any serious pool of capital that needs rules, safety and growth: DAOs, protocols, funds, fintechs, and maybe one day even sovereign players.

It has iAssets to represent real world risk in a programmable way. It has Liquidity Availability to move capital where it is needed most. It has Digital Asset Treasuries like SBET to turn static reserves into living instruments. It has MultiVM and native EVM so builders can plug in from the Ethereum world without friction. It has an Injective Council full of heavyweight names that give it institutional weight. And it has a research and data layer that helps everyone understand what is happening.

In a space where most chains still fight for short-term DeFi attention, Injective is quietly positioning itself under something much bigger: the global infrastructure for programmable treasuries and balance sheets.

If that thesis plays out, the tokens and narratives that sit on top will change many times. But the rails under them will stay. And that is exactly the kind of place I want to understand deeply when I think beyond the next trade and start thinking in years.

#Injective @Injective
$INJ