DeFi

World Liberty Financial (WLFI) has announced a partnership with Aster DEX, with plans to introduce the Stablecoin USD1 as the settlement asset for TradFi Perpetual Futures on their decentralized trading platform. This integration offers traders new ways to use USD1 and further expands its applications within the DeFi marketplace.

The rise of Hyperliquid, the launch of the TradFi section on Gate, and the parallel expansion of CEX and on-chain perpetuals are driving Perp DEX from crypto derivatives toward multi-asset trading. This article explores how, in 2026, on-chain perpetuals will define new boundaries among users, liquidity, and TradFi assets.

Venus Protocol is a decentralized finance protocol built on the BNB Chain. By integrating crypto asset lending with stablecoin issuance, it brings deposits, collateralized borrowing, and liquidity creation into a single on-chain system, shifting capital management from fragmented operations to a unified framework.

Venus is a DeFi lending protocol powered by smart contracts. By combining vTokens, overcollateralization, and a dynamic interest rate model, it creates a closed-loop system for on-chain capital flow. This article explains its lending process, interest model, and risk management mechanisms.

Core Pool and Isolated Pool form a dual-layer liquidity structure within the Venus lending system. By separating mainstream assets from higher-risk assets into different pools, the design achieves both concentrated liquidity and effective risk isolation.

VAI is a decentralized stablecoin launched by Venus Protocol. It maintains a 1:1 peg to the US dollar through overcollateralization and on-chain adjustment mechanisms, allowing a stable unit of value to be created and circulated entirely on-chain without relying on centralized reserves.

The risk control system in Venus Protocol is an on-chain protective framework built around loan-to-value ratios (LTV), liquidation mechanisms, and a risk fund. Its core objective is to maintain the solvency of borrowing positions and safeguard the overall liquidity pool in a highly volatile crypto environment.

Unitas (UNITAS) is a decentralized yield-bearing stablecoin protocol that deploys user assets into on-chain liquidity pools and hedging structures using a Delta Neutral strategy. This approach enables the generation of yield while maintaining price stability. Its core assets include USDu, the base stablecoin, and sUSDu, a yield-accruing asset that represents earned returns. Unlike traditional stablecoins that rely on reserves or overcollateralization, Unitas generates yield through active strategy management, transforming stablecoins from passive stores of value into productive on-chain assets.

Unitas operates through a structured process that involves the minting of USDu, deploying assets into liquidity pools (such as JLP), hedging risks, and distributing returns. When users deposit assets, they receive USDu, and these assets are allocated to market-neutral strategies designed to capture trading fee and funding rate returns. The resulting returns are then distributed to users in the form of sUSDu. This mechanism allows the stablecoin to deliver yield while maintaining relative price stability.

UNITAS (UP) is the native token of the Unitas protocol, primarily used for incentive distribution, ecosystem coordination, and potential governance functions. Its tokenomic model drives the adoption and growth of the stablecoin USDu by distributing tokens to users, liquidity providers, and ecosystem participants. Unlike traditional stablecoins, UNITAS does not directly participate in price pegging. Instead, it acts as an incentive layer that connects yield generation mechanisms with protocol expansion, forming a value cycle of “usage, incentives, and growth.”

Both Unitas and Ethena are yield-generating stablecoin protocols built on Delta Neutral strategies, but their core difference lies in how they achieve this. Unitas primarily relies on liquidity pools and structured strategies to earn trading fees and liquidity rewards, while Ethena uses spot assets paired with short perpetual contracts, deriving yield from funding rates and staking returns. Because their underlying assets and strategic approaches differ, the two protocols exhibit distinct characteristics in risk structure, stability mechanisms, and user experience.

Within the blockchain infrastructure space, oracles have consistently served as a critical foundational element for DeFi. Reliable data feeds are essential for lending, Perpetual Futures, Stablecoins, and the on-chain integration of RWAs (real-world assets). Among these projects, REDStone has been drawing growing interest, with its native token RED experiencing a notable surge in popularity lately.

This article provides a comprehensive overview of Genius, covering product positioning, core features, privacy execution logic, cross-chain transaction experience, GP credit mechanism, Season 1 timeline, and key market focus areas prior to TGE. It is designed to help readers quickly grasp why Genius has garnered ongoing interest in the recent on-chain trading sector.

Aave is entering a new phase of node restructuring. With Aave V4 going live, Horizon progressing, and core service providers being replaced one after another, Aave is not simply undergoing a protocol upgrade; it is experiencing a comprehensive system overhaul focused on governance, Risk Control, and institutional capabilities. This article breaks down the critical variables that will define Aave’s future.

StakeStone is an infrastructure protocol designed to aggregate yields from liquid staking (LSD) and restaking. Through a cross-chain yield orchestration mechanism, it improves capital efficiency. Users deposit ETH or related staking assets and receive a representative receipt token, while the protocol automatically allocates funds across multiple yield strategies, enabling layered returns from different sources.