The post Crypto’s greatest app innovations in 2024 appeared on BitcoinEthereumNews.com.

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Pendle Pendle exists because crypto wants to speculate.  In Pendle’s short history, the team has constantly reiterated its yield trading product using narratives from stablecoins and infamous “DeFi 2.0” (Olympus DAO) in the 2021 bull, to liquid staking tokens, real-world assets on Arbitrum, and liquid restaking during the prolonged bear. It wasn’t until the points meta blew up in early 2024 that Pendle struck gold, with its TVL shooting up from the multi-million to multi-billion dollar range. Pendle’s Principle Tokens (PT) and Yield Token (YT) yield mechanisms remain an indispensable tool for anyone looking to perform any form of leveraged points or fixed yield farms. Fluid Fluid is a picture-perfect example of what innovation looks like. Fluid took many of DeFi’s successful primitives, such as Uniswap v3’s concentrated liquidity and Aave’s utilization rate curves, then redesigned traditional AMM liquidity provisioning from the ground up.  With its “smart debt” and “smart collateral” mechanisms, Fluid enables deep multi-million dollar DEX liquidity pools that are, technically speaking, $0 in TVL. This capital efficiency was an ingenious combination of users’ debt from lending protocols and AMM liquidity pools. Ethena Stablecoins are some of the hardest sectors to compete in. That makes USDe’s $6 billion market cap achievement very impressive — all within the span of a year. Previous stablecoins built along the spectrum of centralization (USDT) vs. scalability (DAI). Ethena instead put together a series of impressive business development deals with CEXs and designed USDe, a scalable stablecoin that exploited the arbitrage in CEX-DEX perps funding rates and delivered yield to users. GEODNET For GPS technology to work well at centimeter-level accuracy, traditional companies deploy thousands of real-time kinematic (RTK) networks, like base stations and mobile rovers, globally. Using crypto token…

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Filed under: News - @ December 27, 2024 6:22 pm