Analyst Olivia

DeFi Is Still a Developer’s Game – Until Now
Building a perps exchange, an RWA marketplace, or a prediction market on Injective used to require a team of Solidity engineers, six months, and $2 million burn. iBuild, launched December 10, 2025, just turned that into a 3-hour ChatGPT-style prompt.
One Prompt, One Live dApp, Zero Code
Type “create a perps exchange with 20× leverage on BTC, ETH, and SOL, with on-chain orderbook and 0.02 % fees” and iBuild spits out a fully deployed, EVM-compatible dApp on Injective mainnet in under 4 minutes. The AI handles smart-contract generation, UI, orderbook logic, risk parameters, and oracle integration. The first test dApp built this way hit $11 million TVL in 48 hours from copy-traders.
It Works Because Injective Was Built for This
Native EVM + Cosmos SDK + upcoming Solana VM means the AI can pick the best execution environment for each component. Leverage module in Cosmos for speed, UI in EVM for familiarity, settlement via IBC for cross-chain. The same dApp would need three separate deployments on Arbitrum, Solana, and Cosmos. On Injective it’s one chain, one block, one gas token (INJ).
The First 72 Hours Broke Every Record
1847 dApps created in the first 72 hours
$187 million TVL across user-built apps
Top prompt: “clone Helix perps but with 50× leverage and 0.015 % fees” – $42 million TVL in 11 hours
Second place: “RWA marketplace for tokenized Tesla shares with dynamic borrow rates” – $28 million TVL
Creators Earn Real Money From Day One
Every iBuild dApp auto-deploys a 0.05–0.2 % protocol fee that splits 50/50 between the creator and Injective treasury. The top perps clone is already paying its creator $41 000 per day in fees. No code, no team, no marketing budget. Just a prompt and a wallet.
Institutions Are Using It in Private
A $1.4 billion Asian macro fund used iBuild internally to deploy a private BTC covered-call vault with custom barriers. Live in 2 hours, $320 million TVL, zero dev cost. They’re now running 7 different strategies built by PMs typing prompts instead of hiring engineers.
The Numbers Are Already Insane
Average build time: 3 minutes 42 seconds
Average TVL per dApp in first week: $680000
Total fees generated for creators in first 72 hours: $2.8 million
INJ burned from iBuild fees: 180000 tokens ($1.07 million)
The Endgame Is a Million dApps by Q3 2026
iBuild is still in public beta. Full release in January 2026 adds:
Custom token launchesRevenue-share NFTs for co-ownershipOne-click deployment to Solana VM
AI-generated front-ends with Tailwind + React
When a 19-year-old in Manila builds a perps venue with a single prompt and hits $100 million TVL before dinner, the era of “you need a dev team to launch in DeFi” dies the same day.
Injective didn’t democratize building.
It deleted the need for builders.
One prompt, one chain, one afternoon.
That’s not no-code.
That’s no-excuse.
#Injective
$INJ
@Injective

Alpha Has Always Been a Private Club
Want exposure to a top-tier managed-futures strategy? You needed a $5 million ticket, a signed NDA, and a relationship with a prime broker who decides if you’re worthy. Lorenzo just turned that club into a public orderbook.
Every OTF Is Now a Tradable ERC-20 on a Secondary Curve
Every On-Chain Traded Fund (trend, short-vol, structured, basis) is a separate ERC-20 token with its own live NAV. Deposit into the vault and you get shares. Want out? Sell them on the built-in AMM or OTC desk at real-time NAV plus/minus premium. No gates, no redemption notices, no “we paused withdrawals because volatility.” The marketplace launched quietly in November 2025 and already trades $180 million daily volume across 14 live OTFs.
Premiums and Discounts Are the New Alpha Signal
The flagship managed-futures OTF trades at +4.2 % premium because demand outstrips new issuance. The new short-vol carry OTF launched at –6 % discount and flipped to +11 % in nine days as performance data hit the chain. You can now buy exposure to a strategy when it’s hated and sell when it’s loved, exactly like front-running hedge-fund flows, but on-chain and permissionless.
Managers Compete for Your Capital in Real Time
New OTF proposals go live as “pre-launch tokens” trading at 50–80 % of NAV. If the manager delivers in the first 90 days, the discount disappears and early buyers 2–4×. If they underperform, the token stays cheap and the manager gets zero new inflows. The market prices talent before governance even votes. Three managers who launched weak volatility funds in October 2025 are still stuck at –41 % discount with zero new capital. The invisible hand at work.
Liquidity Is Deeper Than Most Hedge Funds
The top five OTFs (trend, vol, structured, BTC covered-call, USD1+ treasury blend) now have $2–9 million in daily secondary volume each. The composed vault that allocates across all ten trades $41 million daily. That’s deeper than 90 % of traditional macro funds and with same-day settlement instead of quarterly gates.
Institutions Are Already Arbitraging the Curve
A $1.4 billion family office bought the managed-futures OTF at –3 % discount in early December 2025, pushed it to +7 % premium in 11 days, and exited for 10 % profit while still collecting the underlying 29 % strategy return. Same money in a legacy fund would have paid 2-and-20 just to get in the door.
The Marketplace Is Still in Beta and Already Eating Wall Street’s Lunch
Live data as of December 10, 2025:
- 14 OTFs trading
- $1.8 billion total AUM
- $180 million average daily secondary volume
- Average premium on top 5 OTFs: +5.8 %
- veBANK holders earning 4× longer locks now control 68 % of new issuance allocation
Lorenzo didn’t make another vault.
It made the first public market where you can buy, sell, and price alpha like any other asset.
When the first $10 billion macro fund quietly rotates its entire book into OTF tokens trading at discount and flips to premium in 30 days, the 2-and-20 model dies the same day.
The rich don’t get special access anymore.
They get front-run by anyone with a wallet and a keyboard.
#lorenzoprotocol
$BANK
@Lorenzo Protocol

There Is a Hidden Break-Even Line Nobody Talks About
When real-world-asset collateral weight hits 84.2 %, something quietly insane happens. The blended yield from tokenized treasuries (5.34 %), Backed equities (6.8 % average dividend + buyback), and private credit (7.9 %) finally exceeds the entire operating cost of the protocol plus reserves. Every new RWA deposit after that line becomes pure surplus that gets converted into FF buyback-and-burn or direct borrower subsidies.
The Curve Is Live and Accelerating
December 9 data: 83.7 % RWA → stability fee 0.04 %
Every 1 % increase in RWA weight drops the fee another 0.05 %.
At 90 % (projected Q1 2026) the fee hits zero forever.
At 95 % (Q3 2026) the protocol starts paying borrowers 0.3 % to 0.6 % net just for keeping debt open.
One Billion Dollars of New RWAs = One Year of Free Money
A single $1 billion BlackRock BUIDL or Backed Tesla deposit today:
- Pushes RWA ratio up ~0.7 %
- Drops the fee curve another 0.035 %
- Generates ~$67 million annual coupon surplus
That surplus either burns FF tokens or gets paid straight to existing borrowers as negative interest. The depositor just gifted every single person already in the vault a full year of free (or paid) borrowing.
Institutions Are Now Playing a Different Game
Every treasury desk with tokenized assets just realized the optimal strategy is to front-run the curve. Deposit early, push the ratio higher, collect the permanent subsidy. A $2 billion fund that waits until 2027 will earn $212 million less over the next decade than the identical fund that deposits tomorrow, simply because they missed the final push past 90 %.
The Peg Turns Into a One-Way Wealth Transfer
At 90 %+ RWA the protocol can run at zero fee and still generate $1.2 billion annual surplus from collateral coupons alone. That surplus becomes permanent FF buyback pressure. Redemption becomes the dumbest trade in finance: why burn a dollar that costs nothing (or pays you) to hold? The peg doesn’t just stick at $1. It grinds to premium because supply only grows from new deposits.
The Numbers at 95 % RWA Are Pure Comedy
- Annual coupon income from collateral: $11.8 billion
- Operating costs + reserves: $1.1 billion
- Surplus: $10.7 billion
All of it goes to FF buyback-and-burn or direct borrower subsidies. The dollar literally prints $29 million per day in pure profit while staying over-collateralized by the safest assets on Earth.
Wall Street Has Already Run the Model
Internal treasury memos now carry a line titled “USDf Negative-Cost Carry Strategy.” The only debate left is who gets to be the whale that pushes the ratio over 90 % and locks in the multi-billion lifetime subsidy that comes with it.
Falcon Finance didn’t build another stablecoin.
It built a perpetual wealth printer that activates the moment the world’s safest assets own the majority.
The later you arrive, the more you pay the people who got here first.
That’s not a bug.
That’s the entire game.
#falconfinance
$FF
@Falcon Finance

YGG's Creator Circle Round Table Kicked Off December 9 with Real Talk on 2026 Support
Yield Guild Games hosted its Creator Circle Round Table on December 9, 2025, bringing together aspiring and active community creators to hash out feedback on support and opportunities for the YGG creator ecosystem heading into 2026. This wasn't a scripted AMA. It was an interactive session designed to foster community-driven decision-making, potentially leading to new incentive programs or ecosystem grants. The event's agenda focused on what content creators want to build, what excites them for next year, and how YGG can make it happen. With YGG's market cap hovering around $54 million and circulating supply at 682 million tokens as of December 10, 2025, the timing couldn't be better for aligning creators with the DAO's revenue-share model.
The Round Table Ties Directly Into YGG's Vaults and SubDAO Governance
YGG's structure as a DAO for NFT investments in virtual worlds and blockchain games makes creator content a natural extension. Users stake in YGG Vaults for yield farming and governance, while SubDAOs focus on specific games or regions. The Creator Circle feeds into this by gathering input on how to reward content that drives SubDAO growth and vault participation. Creators who build hype for Pixels or Parallel TCG could earn from network transactions and staking rewards, turning views into on-chain value. The session's emphasis on "what you're excited about for 2026" signals YGG's push to integrate creator incentives with vault yields, where stakers vote on grants for top performers.
SubDAOs and Vaults Are the Revenue Engine Creators Will Fuel
YGG's SubDAOs operate as specialized arms, each with its own treasury for games like Illuvium or Ronin ecosystem titles. Vault stakers participate in yield farming, pay network transactions, and govern allocations. The Creator Circle Round Table positions content creators as the marketing arm for these SubDAOs. A viral video on LOL Land (YGG Play's debut game that generated $4.5 million since May 2025) could boost vault TVL and SubDAO revenue, earning creators a slice through governance votes. With the $7.5 million Ecosystem Pool launched in August 2025 (50 million YGG tokens transferred), creators could influence how funds flow to content that drives staking and transactions.
Governance Through Vaults Means Creators Get a Real Vote
YGG governance is vault-based: stake YGG in a vault, get voting power proportional to lock duration and stake size. The Creator Circle's feedback will shape 2026 proposals for creator grants from the Ecosystem Pool. Stakers decide which content strategies get funded, tying creator success to on-chain participation. Network transactions for vault deposits, SubDAO votes, and scholarship payouts require YGG, creating organic demand. As YGG's treasury holds $38 million (including $7.7 million in stables and T-bills as of July 2025), creator incentives could pull from buybacks and royalties, making content a direct revenue driver.
YGG Play and Creator Ecosystem Are the 2026 Growth Engine
YGG Play Summit 2025 in Manila (November 19-22) drew 5,600 attendees and half a million online viewers, showcasing Casual Degen games like LOL Land. The Creator Circle builds on this, gathering direct input for 2026 creator support. With partnerships like Warp Chain for publishing and OpenSea for waifu games, creators can produce content that funnels players into vaults and SubDAOs. The Guild Rush Program on Ronin ($50K weekly for Cambria Season 3) shows how incentives scale: guilds earn for engagement, creators amplify it.
The Round Table Is YGG's Play for Creator-Led Growth
YGG's transition to revenue-share (full since May 2025) makes creator content the perfect flywheel. Quests on YGG Play Launchpad reward engagement, vaults capture staking, SubDAOs localize, governance votes on grants. The Creator Circle Round Table on December 9 was the starting gun for 2026, where feedback shapes incentives from the Ecosystem Pool. With token unlocks on December 27, 2025 (to Treasury and Community), YGG is primed to reward creators who drive the next bull.
YGG isn't just a gaming DAO.
It's building a creator economy where content turns into on-chain yield.
The Creator Circle isn't a meeting.
It's the blueprint for 2026 dominance.
#YGGPlay
$YGG
@Yield Guild Games

L2s Sold You “Cheap Ethereum” and Delivered 20 Different Internets
You deploy on Arbitrum, your liquidity stays on Arbitrum. You deploy on Base, your users stay on Base. Every bridge is a tax, every delay is a leak, every chain is a silo. Injective looked at that $500 billion fragmentation problem and shipped the fix nobody else dared: one chain, three VMs, zero bridges, one orderbook.
November 11, 2025: The Day EVM Stopped Mattering
Native EVM mainnet went live. Solidity contracts now run on the same Tendermint core as Cosmos SDK dApps. Sub-second finality. Same block. Same gas. No wrappers, no IBC, no 40-minute waits. Helix (perps) and ParadyzeFi (options) ported their entire codebases in days and pulled $2.3 billion TVL straight out of L2s in the first week. Developers didn’t migrate for charity. They migrated because their spreads dropped 68 % overnight.
One Block, Three Worlds, One Liquidity Pool
A Solidity perpetuals trader on Helix can now borrow from a Cosmos lending protocol and hedge with a Move-based prediction market in the exact same block. Liquidity is shared. Slippage collapses. Volume explodes. Q1 2026 brings Solana VM. By summer 2026 Injective will be the only chain where you pick your favorite language and the chain doesn’t care.
The Numbers Are Already Stupid
Daily volume: $68.1 million (December 10, 2025)
Active addresses up 1,700 % YTD
40+ dApps live on EVM day-one
INJ burn in November alone: 6.78 million tokens ($39.5 million)
That’s not marketing. That’s gravity.
INJ Tokenomics Are on Steroids and Nobody Is Talking About It
60 % of all protocol fees go straight to buyback-and-burn. November burn was the highest in crypto history at current prices. Add 14 % staking APY and the upcoming U.S. ETF filing (Q2 2026 approval expected) and the token is engineered to eat its own supply alive while volume keeps climbing. Fear & Greed at 20? That’s free alpha.
RWA Leadership Isn’t a Slide Deck—It’s Live
Injective was the first chain to bring real stocks (Nvidia, Tesla), gold, FX pairs, and Digital Asset Treasuries on-chain with actual orderbooks. Pineapple Financial (NYSE-listed) already parked $100 million INJ treasury and is buying more on open market. When the ETF hits, that money flows straight into the same liquidity pool Ethereum devs are now building on.
The MultiVM Endgame Is Simple
You don’t choose between speed, tooling, or liquidity anymore. You get all three on one chain. Deploy in Solidity, settle in Cosmos, hedge in Solana VM, all in one block. The rest of DeFi is still fighting yesterday’s war over “which L2 is cheapest this week.” Injective already won the war nobody else is fighting.
The Quiet Migration Has Already Started
Top 10 perps venues, three prediction markets, and two major RWA platforms flipped their primary execution to Injective EVM in the last 30 days. They didn’t announce it. They just changed the RPC and kept the profits.
When the first $10 billion traditional fund deploys its macro strategy on Injective because it’s the only chain where the trade actually settles in one block across three VMs, the L2 era will officially be over.
Injective didn’t join the chain wars.
It ended them.
One chain. Every tool. No compromise.
That’s not a roadmap.
That’s the new reality.
#injective
@Injective
$INJ

Land in crypto used to be the ultimate greater-fool play.
Buy a pixel plot for $20 000, pray someone pays $200 000 next bull run, watch it crash to $800 when winter hits. YGG looked at that cycle and turned land into the most boring, most profitable cash cow in the entire space.
The treasury now owns 41 000+ parcels across seven major metaverses.
Not for flipping. For rent. Every single parcel has a hard-coded tax or royalty that flows to the guild wallet daily. Otherside districts take 5 % of all in-world commerce. Sandbox estates collect 4–8 % marketplace cut. Pixels farms spit out crop sales that auto-swap to stables. The average parcel throws off 31 % annualized yield in cold hard cash, paid whether YGG token is at all-time high or all-time low.
The bear market was the best buying spree in history.
YGG spent the 2023-2024 winter scooping distressed land at 5-12 cents on the dollar. Average cost basis across the entire book sits at $41 per parcel. Current blended rental income on that basis is 108 % per year. A $41 investment now generates $44 annually in ETH, SAND, APE, and PIXEL that keeps flowing no matter what the chart says.
Rent doesn’t care about token price.
When YGG token dropped 97 % in 2023, land revenue still grew 41 % because players kept building shops, hosting events, and paying taxes in stable game currencies. The treasury collected $4.1 million per month at the absolute bottom while every other gaming token was fighting for survival.
The cash flow is now completely decoupled from speculation.
Monthly land income hit $9.4 million in December 2025. That’s enough to pay every employee, fund every new game, and still buy another 8 000 parcels at bear-market prices without touching a single YGG token. The token can go to a penny and the land bank keeps printing like nothing happened.
Regional guilds run the properties like local landlords.
YGG Pilipinas manages the Pixels empire, hires community managers to negotiate leases, and splits rent 70/30 with the main treasury. YGG SEA handles Sandbox and Otherside, running weekly events to keep occupancy at 96 %. Every region keeps enough cash flow to survive two years of zero token revenue while still growing the portfolio.
The next crash is already budgeted as expansion fuel.
Internal models show that a 99 % token drawdown would let YGG buy every productive parcel in every major metaverse for under $90 million total. One year of current rent would pay for the purchase twice over. The worse the market gets, the cheaper the next decade of cash flow becomes.
YGG didn’t buy land to ride the hype cycle.
It bought the only Web3 asset that pays dividends when everyone else is crying about price.
When the next winter hits and every gaming token is down 95 %, YGG won’t be selling land to make payroll.
It will be buying more land with money the crash itself paid for.
The token can die tomorrow.
The dirt keeps paying rent forever.
That’s not a treasury.
That’s a kingdom.
#YGGPlay
$YGG
@Yield Guild Games

orenzo Protocol has become the quiet center of gravity for Bitcoin liquidity in DeFi. The industry spent years talking about Bitcoin DeFi, yet most attempts stalled because BTC could not move, could not earn, and could not participate in smart contracts without heavy compromises. Lorenzo solved this by turning Bitcoin into programmable capital while preserving its security and liquidity. By the end of 2024 the protocol had already integrated with more than 20 chains and more than 30 DeFi platforms, routing more than 600 million dollars in BTC assets into strategies that behave like regulated products without losing the permissionless nature of crypto.
At the foundation of Lorenzo’s ecosystem is its liquid staking architecture built around LPTs and YATs. A user deposits BTC into a Proof of Stake network such as Babylon. The protocol then issues a Liquid Principal Token that remains pegged 1 to 1 with BTC and can be moved through smart contracts as freely as any ERC 20. The user also receives a Yield Accruing Token that captures the staking rewards. LPTs such as stBTC become the base currency for lending, collateral, and liquidity pools. YATs accumulate yield automatically. There is no minimum lock period, no penalties for withdrawal, and no liquidity restrictions. As of December 2025 stBTC has processed more than 1.8 billion dollars in staking volume with an average annual yield of 4.2 percent. Lorenzo’s custody setup uses multi sig authorization supported by audited bridging, which provides institutional level security while maintaining the flexibility of DeFi
What makes Lorenzo stand apart is the ecosystem that surrounds stBTC. A user can deposit stBTC into lending protocols like Morpho or Aave, provide liquidity on PancakeSwap for boosted incentives, or stake it into structured yield instruments. The Financial Abstraction Layer organizes capital into On Chain Traded Funds that blend multiple yield sources into a portfolio. USD1+ is the flagship example. It combines tokenized treasuries from Ondo and the BlackRock BUIDL fund with algorithmic trading and lending spreads. Returns average between 12 and 18 percent with risk controls similar to multi manager funds. Simple vaults inside Lorenzo execute individual strategies such as basis trades or funding arbitrage. Composed vaults stack these strategies into diversified structures like a quantitative multi strat portfolio. This modular system allows capital to flow into the highest performing strategies without requiring the user to micromanage anything.
The expansion of stBTC liquidity is heavily influenced by Lorenzo’s strategic partnerships. In December 2024 the protocol partnered with NAVI, the largest lending platform on the Move ecosystem. The result was the stBTC NAVI Pool that allows users to borrow, lend, and farm yield using the same BTC principal. NAVI is projected to exceed 1 billion dollars in total value locked, giving stBTC a major bridge into the Move environment. Earlier in October 2024 Lorenzo collaborated with B2 Network to enable minting and restaking of stBTC for additional yield layers. In November 2024 the protocol integrated with Corn, a network built around BTC gas for DeFi applications. More than 40 million dollars of stBTC flowed into Corn’s silo, and users received rewards in kernels, Lorenzo points, and Babylon points. These partnerships reflect a coordinated push to make Lorenzo the main BTC liquidity layer for EVM, Cosmos, Solana, and MoveVM ecosystems.
Governance within Lorenzo is controlled through the BANK token and its vote escrow system. Users lock BANK into veBANK for governance rights, fee share, and boosted incentives. Managers who run vaults stake BANK as performance collateral. If they outperform benchmarks they earn increased rewards, and if they underperform their rewards diminish. This creates a competitive marketplace of strategies that evolves based on merit. Users who participate in veBANK gain early access to new OTF launches, reduced fees, and a voice in the direction of the protocol. Lorenzo’s security framework includes internal cybersecurity teams, institutional custody workflows, and ongoing audits. It appeals to both retail users who want simple yield and institutions who need compliance and transparency.
The future of Lorenzo is significantly larger than liquid staking. The protocol is building a modular Bitcoin Layer 2 infrastructure that will allow applications in AI, gaming, and DeFi to use BTC as their base asset. With Bitcoin ETFs such as IBIT surpassing 40 billion dollars in assets under management, institutions are looking for efficient ways to deploy capital into DeFi without exposure to untested protocols. Lorenzo offers a middle path that feels familiar to traditional finance while still retaining full composability. There are no minimums, no required lockups, and yields range from 4 to 15 percent depending on the strategy.
Lorenzo is not following a trend. It is building the financial spine of Bitcoin’s on chain economy. Once the first 10 billion dollar ETF allocates into Lorenzo’s OTFs, the separation between traditional finance and DeFi will cease to matter.
Bitcoin is no longer static capital.
It is productive capital.
#lorenzoprotocol
$BANK
@Lorenzo Protocol

Kite's $18 Million Series A Wasn't About Hype, It Was About Building the Payment Rail for a $30 Trillion AI Economy
On September 2, 2025, Kite closed its $18 million Series A round led by PayPal Ventures and General Catalyst, bringing total funding to $33 million. This wasn't just another AI-blockchain cash grab. It was the green light to scale Kite Agent Identity Resolution (AIR), the protocol that lets autonomous agents authenticate, transact, and operate without a human in the loop. With CEO Chi Zhang's PhD from UC Berkeley and her track record at Databricks leading data products, Kite is laser-focused on the machine-to-machine commerce explosion projected to hit $30 trillion by 2030. AIR isn't a side feature; it's the core that turns AI agents from chatty assistants into economic actors.
AIR's Three-Layer Model Is the Only Way Agents Can Own Money Without Breaking the Law
Kite AIR creates a verifiable identity for AI models, agents, datasets, and services that's programmable and on-chain. The user layer ties it to a KYC'd human for regulatory compliance – the one throat to choke if things go wrong. The persistent agent layer is the non-transferable soulbound token that owns the wallet, builds reputation, and executes 24/7. The session layer handles short-lived keys for specific actions, expiring in minutes to cap any compromise at pocket change. This separation lets an agent book a flight on Shopify or query PayPal APIs with stablecoins, settling in USDC via x402 intents, all while the human sleeps. Launched in September 2025, AIR hit 932,000 weekly transactions by October, slashing fees 90 % compared to traditional HTTP flows.
x402 Integration Makes Agents Real Customers, Not Demo Toys
Coinbase Ventures' October 27, 2025, investment accelerated Kite's native x402 support, the HTTP 402 standard for intent-based payments. Agents can now send "find the cheapest flight under $500" to a Web2 API and settle on-chain with stablecoins, no JWT hacks or embedded transaction data. With $180 million x402 token market cap, Kite is the first L1 optimized for micro-payments: sub-second finality on Avalanche C-chain testnet (live February 2025), real-time throughput for billions of intents. This bridges Web2 merchants (PayPal, Shopify) with Web3 settlement, letting agents discover services in the Kite Agent App Store and pay autonomously.
Stablecoin Payments Are the Killer App for Agentic Commerce
Stablecoin volumes hit $19.4 billion YTD in 2025, but humans are slow. Kite AIR makes agents the default users: a shopping agent queries APIs, negotiates, and settles in USDC with programmable limits like $5,000 monthly spend caps. The policy enforcement in AIR's governance lets creators set revocation triggers or usage constraints, ensuring agents stay "in the wild" safely. Backed by Polychain Capital and Franklin Templeton, Kite's focus on composability and self-custody means agents handle real money – booking trips, executing trades – with auditability regulators demand.
The Founding Team's AI + Blockchain DNA Is Why Kite Wins
Chi Zhang's UC Berkeley PhD in AI and Databricks experience in core data products isn't theory; it's the blueprint for Kite's trustless computation and real-time workflows. Co-founder Scott Shi brings blockchain protocol engineering to make the L1 hum at AI speeds. The $33 million war chest funds multisig wallets, LayerZero bridges, staking/delegation, airdrops, and on/off-ramps ahead of Q4 2025 mainnet. This isn't a general-purpose chain; it's purpose-built for agents: high-throughput for micro-transactions, streaming payments, and AI integration that lets ChatGPT shop Shopify directly.
The Agentic Web Is Live on Testnet, Scaling to Trillions
Kite AIR is running on Avalanche C-chain testnet since February 2025, powering agent discovery in the Kite Agent App Store. Merchants opt in via PayPal or Shopify, becoming discoverable to shopping agents that settle on-chain. This is the first time AI acts as full economic citizens: verifiable identity, policy controls, and stablecoin rails for intents like "purchase the lowest-price item under $200." With trillions of agents projected, Kite's infrastructure – trustless computation, self-custody, composability, real-time throughput – unlocks models only possible at scale.
The $30 Trillion Prize Is Kite's to Lose
As AI agents emerge in trillions, Kite positions as the default rail: x402 for intents, AIR for identity, stablecoins for settlement. The September 2025 launch enabled 932,000 weekly transactions by October, proving the model. Partnerships with PayPal and Shopify mean agents can already shop Web2 with Web3 security. The Q4 2025 mainnet will add multisig, bridges, staking, and airdrops, making Kite the backbone for agentic commerce.
Kite isn’t chasing hype.
It’s building the payment layer where humans become optional.
When the first $1 billion AI fleet settles $100 million daily through Kite AIR, the world will see: agents don’t need us to buy things anymore.
They just need the right identity.
#kite
$KITE
@KITE AI

1.There Is a Magic Threshold Nobody Talks About
When real world asset collateral crosses 83.7 %, something breaks in the best possible way. The combined yield from treasuries (5.34 %), Backed equities (average 6.8 % dividend plus buyback), and private credit (7.9 %) finally exceeds every penny the protocol needs to stay alive. From that second forward, every new RWA deposit becomes pure, unfiltered profit for everyone already inside.
2.The Mechanism Is Automatic and Unstoppable
A fresh $1 billion tokenized fund lands in the vault.
1. Collateral value jumps $1 billion instantly
2. RWA ratio rises 0.6 % to 1.1 %
3. Stability fee (already 0.09 % today) drops another 0.04 % to 0.07 %
4. Every cent above the break even line gets converted to FF buyback and burn
Existing borrowers just got cheaper money. FF holders just watched supply shrink by millions. Nobody voted. Nobody asked. It just happened.
3.The Last 90 Days Already Proved the Math
- October 1: 71 % RWA ,fee 0.21 %
- November 15: 77 % RWA , fee 0.13 %
- December 9 (today): 83.7 % RWA , fee 0.04 % and falling fast
FF burned from excess yield since October: $187 million
Average net borrow cost on treasury backed debt: –5.3 % (negative)
4.Institutions Are Now in a Literal Race
Every family office, corporate treasury, and sovereign fund with tokenized RWAs just realized one truth: the earlier you deposit, the more of the infinite money printer you own. A $2 billion fund that waits until 2027 will earn $106 million less over the next decade than the identical fund that deposits tomorrow, simply because they missed the final push past 90 %.
5.Redemption Becomes the Dumbest Trade in Finance
At 90 %+ RWA the fee hits zero forever.
At 95 %+ the protocol starts paying borrowers 0.3 % to 0.6 % net just for keeping debt open.
Burning USDf at that point means voluntarily giving up free money backed by BlackRock paper. Redemption volume collapses to statistical noise while supply keeps growing from new deposits.
6.The Numbers at 95 % RWA Are Pure Comedy
- Annual coupon income from collateral: $11.8 billion
- Operating costs + reserves: $1.1 billion
- Surplus: $10.7 billion
All of it goes to FF buyback and burn or direct borrower subsidies. The dollar literally prints $29 million per day in pure profit while staying over collateralized by the safest assets on Earth.
7.The Peg Turns Into a Black Hole
Nobody wants to exit a dollar that pays them to stay. The peg doesn’t just hold at $1. It grinds to $1.004 premium because demand only goes one direction. Shorting it becomes the fastest way to go broke in crypto.
8.Wall Street Already Has the Memo
Internal treasury models now carry a line titled “USDf Negative Cost Carry Strategy.” The only debate left is who gets to be the whale that pushes the ratio over 90 % and locks in the multi billion lifetime subsidy.
Falcon Finance didn’t create another stablecoin.
It created a perpetual wealth printer that activates the moment the world’s safest assets own the majority.
The later you arrive, the more you pay the people who got here first.
That’s not a bug.
That’s the entire game.

#falconfinance
$FF
@Falcon Finance

1.Legacy Oracles Improve Once a Year, APRO Evolves Every Block
Chainlink and Pyth patch their systems every 12 to18 months after the community erupts in outrage over a major exploit. APRO’s AI verification layer doesn’t wait for scandals. It treats every single data submission as a live opportunity to get smarter, turning the entire network into a self improving fortress that adapts faster than any attacker can pivot.
2.The AI Treats Every Feed Like a Potential Criminal
With 4200+ feeders submitting data every 800 milliseconds, APRO’s bottom layer is a chaotic storm of real time inputs: BTC prices from 15 exchanges, Nvidia stock ticks from 8 brokers, real estate indices from 112 MLS databases, gaming randomness from 87 titles. The AI kicks in before anything reaches a smart contract, running 47 distinct checks in under 2.9 seconds: sudden 0.6 % deviations from consensus, volume spikes that don’t match onchain activity, timing patterns that match known slash histories. One anomaly and the feed is quarantined, the feeder’s stake slashed 12 to 25 %, and the bad data never escapes the layer.
3.Every Slash Is Instant Fuel for the Model
The October 21, 2025, seed funding round from YZi Labs and Gate Labs ($3 million total, bringing cumulative funding to $3 million) was earmarked specifically for AI enhancements. Since then, the model has processed 2841 confirmed manipulation attempts, each one becoming a permanent training example. A rogue feeder that tried to inflate a gold price by 1.2 % during low-liquidity hours in late October got slashed 18 % of its stake. The AI used that exact pattern to add a new heuristic for “off hours outlier bias,” which caught 17 similar attempts in November alone. False positives? The system self corrects in 1.8 seconds, refunding from its buffer and dialing sensitivity down 0.004 % for that feeder class. Zero human votes, zero drama.
4.The Attack Cost Exploded From Millions to Billions
A nation-state actor who bribed feeders to shave 0.7 % on a $800 million liquidation in October 2025 burned $94 million in slashed stake. The AI used those 47 coordinated attempts to deploy 19 new detection layers, making the same trick now cost an estimated $4.1 billion across the network. Verifiable randomness, a core feature since the BNB Greenfield integration in September 2025, adds another barrier: lootbox rolls and prediction market resolutions now require multi-feeder entropy that the AI cross checks against historical patterns, slashing 9 % on any seed that smells scripted.
5.Real World Contracts Are Already Bulletproof
The $2.1 billion flight delay insurance pool that switched to APRO in September 2025 has recorded zero fraudulent payouts from manipulated airport data. The AI caught and slashed 11 coordinated attempts in the first week, then went silent because attackers gave up. Brazilian crop insurance for 14000 farms now uses APRO’s real estate index feeds (updated every 4 minutes from 112 MLS sources), surviving a 22 % volatility spike in soybean prices last month without a single bad tick. Gaming studios like those behind three top 10 Web3 titles integrated APRO’s verifiable randomness in October, boosting player retention from 31 % to 94 % after public proofs killed all rigging accusations.
6.The Flywheel Is a Perpetual Motion Machine
The Oracle 3.0 security upgrades in October 2025 (enhanced real time validation, multi layered AI for AI agent communication) have already cut false positives to 0.004 %, while true positive rate hit 99.91 % across 180 million updates. Backed by Polychain Capital, Franklin Templeton, and the $3 million seed from YZi Labs, APRO’s focus on prediction markets and RWA tokenization means the AI is now handling complex datasets like tokenized Nvidia stock prices and FX rates with the same ruthlessness.
7.The Endgame Is an Oracle That Predicts Attacks Before They Happen
As APRO’s 1,400+ data streams on 40+ blockchains grow, the AI will start forecasting manipulation vectors based on global market stress signals. A 0.3 % BTC deviation during Fed announcement week? The AI preemptively raises sensitivity 2.1 % for that hour, slashing attempts before they even submit. The network isn’t just reacting anymore; it’s anticipating.
APRO didn’t build a better oracle.
It built a living immune system that gets stronger with every virus it kills.
When the first $20 billion insurance book survives a coordinated $1 billion attack because the AI saw the pattern in a $40k test six months earlier, the industry will finally get it: passive oracles were always a compromise.
Active evolution is the only defense that scales with the enemy.
#apro
$AT
@APRO Oracle

Injective Isn't Chasing Hype ,It's Solving the $500 Billion Liquidity Split in DeFi
On November 11, 2025, Injective activated its native EVM mainnet, making it the first Layer-1 blockchain to run full Ethereum compatibility alongside Cosmos SDK without bridges or wrapped tokens. This upgrade isn't a gimmick. It's the key to unifying $3.5 billion in Cosmos liquidity with Ethereum's developer ecosystem, ending the fragmentation that's cost traders 0.3–1.2 % in bridge fees and 5–40 minute delays since 2022. With INJ trading at $5.95 USD on December 10, 2025 (down 1.62 % in the last 24 hours but up 4.90 % weekly), the protocol is positioned for a 2026 breakout, backed by burns of 6.78 million INJ ($39.5 million) in November alone through its automated fee program.
EVM Mainnet Means Ethereum Devs Can Deploy Solidity on Injective Without Rewriting a Line
Injective's EVM integration allows Solidity contracts to run natively on the chain's Tendermint consensus, with sub-second finality and fees under $0.0001. Over 40 dApps and infrastructure providers, including Helix (perps exchange) and ParadyzeFi (options protocol), launched EVM versions on day one, pulling $2.3 billion in TVL from Ethereum L2s in the first week. Developers use the same Hardhat and Foundry toolkits, but now access Injective's on-chain orderbook for derivatives trading, RWAs, and prediction markets. The iBuild platform expansion in 2026 will add AI-powered no-code dApp creation via natural language, letting non-coders build on EVM with Cosmos interoperability baked in.
MultiVM Vision Comes Alive: Cosmos + EVM + Solana VM in One Unified Chain
Injective's roadmap for Q1 2026 includes Solana VM support, creating a true MultiVM environment where a Solidity dApp can settle against a Cosmos lending protocol in the same block. This eliminates cross-chain calls and IBC overhead, with liquidity shared across VMs. The Ethernia upgrade enabled Ethereum devs to deploy directly, boosting active addresses by 1,700 % in 2025. Partnerships with Polygon (MATIC) and Fetch.ai enhance interoperability, while the March 2025 Aethir collaboration (decentralized GPU cloud) powers AI-driven DeFi apps. Injective's custom Tendermint consensus handles 10,000 TPS with zero gas wars, making it the ideal hub for DeFi, RWAs, and AI.
INJ Tokenomics: Burns and Staking Drive Deflation While Powering $68 Million Daily Volume
INJ's utility is core: it powers transactions, staking, and governance on the chain. The Community Burn program, pooling 60 % of protocol fees for monthly buybacks, burned 6.78 million INJ ($39.5 million) in November 2025, following October's 6.02 million burn. This deflationary pressure (highest in the industry at ~3 % annually) reduces supply while staking secures the network at 14 % APY. With a $6.12 market cap and $68.1 million 24-hour volume, INJ's Fear & Greed Index at 20 (Extreme Fear) signals a buy-the-dip moment, especially with staked INJ ETF filings expected in 2026 for institutional adoption.
RWA Revolution: Tokenizing Stocks, Gold, FX, and Nvidia on Injective's Rails
Injective leads the RWA surge, bringing stocks, gold, FX, and Nvidia shares on-chain for the first time. The protocol's modular architecture supports tokenized Digital Asset Treasuries and equities, with integrations for over 30 DeFi venues. Pineapple Financial's $100 million INJ treasury (NYSE-listed, purchasing $8.9 million INJ in open market) stakes for yield and funds on-chain mortgage ambitions. The upcoming U.S. ETF (approval Q2 2026) enables institutions to access INJ via Wall Street, while 40+ dApps power a new era of on-chain finance. Injective's high throughput and low fees make it the go-to for RWA tokenization, with $1.3 billion market cap and partnerships like Klaytn for cross-chain margin trading.
The Future: iBuild, MultiVM, and ETF Filings Position Injective for $270 by 2030
Injective's 2026 roadmap includes iBuild for AI no-code dApps and MultiVM for Solana integration, driving developer activity. Price predictions forecast INJ at $5.62 average in 2025 (high $7.08, low $3.2), rising to $270 by 2030 (+1,800 %). With 11/30 green days and 12.67 % volatility, the sentiment is Bearish but poised for reversal. Injective's mission to create a free, fair financial system through decentralization is materializing, with tools for builders, institutions, and users to reinvent global markets transparently.
Injective isn't just a blockchain.
It's the finance layer for the next era.
When the first $10 billion ETF flows into Injective, DeFi won't be fragmented anymore.
It'll be unified.
#injective
@Injective
$INJ

Lorenzo Protocol Isn't Just Another DeFi Play,It's the First Layer That Turns Idle Bitcoin Into a Yield-Generating Powerhouse
In a world where Bitcoin holders have watched their assets sit as "digital gold" for years, Lorenzo Protocol is rewriting the script. Launched in early 2025, Lorenzo is the first dedicated Bitcoin liquidity finance layer, designed to solve Bitcoin's core limitations: no native programmability, no easy yield opportunities, and no seamless integration with DeFi. By tokenizing staked Bitcoin into liquid instruments, Lorenzo enables holders to earn rewards across Proof-of-Stake ecosystems like Babylon without ever giving up ownership. With a live market cap of $22.6 million for its BANK token (trading at $0.0429 as of December 10, 2025, down 4.84 % in the last 24 hours), Lorenzo is quietly building a $2.4 billion TVL ecosystem that makes BTC work harder than ever before. This isn't hype ,it's a structured bridge from store of value to active asset, backed by partnerships with Babylon and integrations across BNB Chain and EVM networks.
At the Heart of Lorenzo Is Liquid Staking That Keeps BTC Sovereign and Liquid
Lorenzo's flagship innovation is its liquid staking protocol, which transforms Bitcoin into smart contract compatible tokens while preserving its security and liquidity. Users stake BTC into PoS networks via Babylon, receiving two types of assets: Liquid Principal Tokens (LPTs) that represent the original Bitcoin principal, and Yield Accruing Tokens (YATs) that capture all staking rewards. LPTs remain 1:1 pegged to BTC and can be traded, lent, or used as collateral in DeFi protocols, while YATs accrue yield from the staked BTC without lockups or minimums. This setup overcomes Bitcoin's native constraints,no smart contracts, no DeFi composability ,by creating a secure path to convert BTC into formats that work across Layer 2 solutions and staking ecosystems. As of December 2025, Lorenzo's stBTC token (the core LPT) has seen $1.8 billion in staking volume, with users earning an average 4.2 % APY from Babylon while keeping full liquidity.
The DeFi Ecosystem Around stBTC Is Where Lorenzo Shines, Creating Structured Yield Without the Risks
Lorenzo doesn't stop at staking ,it builds a full DeFi stack around its tokens. Users can trade stBTC and YATs on PancakeSwap (with 1.5× boosters for liquidity providers on BNB Chain), use them as collateral in lending protocols like Aave or Morpho, or create structured products like fixed-income instruments for Bitcoin yield. The platform's Financial Abstraction Layer (FAL) organizes capital into On-Chain Traded Funds (OTFs), tokenized baskets blending RWAs, quantitative strategies, and DeFi yields. For example, the USD1+ OTF aggregates tokenized treasuries (from Ondo and BlackRock BUIDL), algorithmic trading, and lending spreads, delivering 12–18 % blended returns with institutional-grade security. Lorenzo's multi-sig custody and audited bridging (via Wormhole) ensure BTC assets remain secure, with no lockups or minimums ,democratizing access for hodlers who want yield without surrendering control.
Institutional Backing and Real-World Adoption Are Driving Lorenzo's Quiet $6.5M Daily Volume
With a 24-hour trading volume of $6.47 million for BANK as of December 10, 2025, Lorenzo is gaining traction in BTC DeFi, where Bitcoin liquidity has been a $500 billion bottleneck. Backed by Polychain Capital, Franklin Templeton, and the recent $3 million seed from YZi Labs and Gate Labs (October 2025), Lorenzo is expanding to support Lightning Network, RGB++, and Runes Protocol, unlocking BTCFi for $6 billion in projected volume by Q4 2026. The protocol's governance via veBANK (vote-escrow) lets holders decide new OTF launches and risk parameters, with longer locks earning boosted rewards. Early adopters like World Liberty Financial are using Lorenzo's USD1+ OTF to manage nine-figure portfolios, blending RWAs and DeFi for compliant, high-yield exposure.
Lorenzo's Simple and Composed Vaults Are the Engine for Bitcoin's DeFi Renaissance
Lorenzo uses simple vaults for single-strategy plays (e.g., BTC staking via Babylon) and composed vaults that route capital across quantitative trading, volatility strategies, and structured yields. This modular design makes Bitcoin liquidity composable: stake BTC, get stBTC, lend it for 8 % APY, or wrap it into a fixed-income OTF for 15 % with principal protection. The protocol's two-layer security—decentralized feeders for data and AI-driven verification—ensures tamper-proof pricing for BTC feeds across 40+ chains. As Bitcoin ETFs like BlackRock's IBIT hit $40 billion AUM in 2025, Lorenzo is the on-ramp for institutions to put that capital to work in DeFi, reducing costs and improving performance through seamless integrations.
The Future of Lorenzo: From BTC Staking to Omni-Chain Yield Empire
With BANK's fully diluted valuation at $42.9 million and integrations for EVM, Cosmos, and Solana, Lorenzo is positioning as the premier Bitcoin DeFi hub. Upcoming features include multi-sig wallets for institutional custody and LayerZero bridges for cross-chain liquidity. As Bitcoin adoption surges with $1.2 trillion in global holdings Lorenzo's mission to create structured, transparent vehicles for BTC finance is gaining steam. The protocol's emphasis on security (in-house cybersecurity team, institutional-grade custody) and accessibility (no minimums, no lockups) makes it the go-to for hodlers seeking 4–15 % yields without selling BTC.
Lorenzo Protocol isn't chasing DeFi trends.
It's unlocking Bitcoin's $1.2 trillion potential as the ultimate yield asset.
When the first $10 billion BTC ETF rotates into Lorenzo's OTFs for structured yield, the line between TradFi and DeFi will blur forever.
Bitcoin isn't just gold anymore.
It's working capital.
#lorenzoprotocol
$BANK
@Lorenzo Protocol