Falcon Finance's ambition has never been to become the 101st lending protocol, but to become the "collateral liquidation terminator" of the entire on-chain world. The universal collateral infrastructure it launched has realized for the first time the ability to "turn all assets into a cash flow that never gets liquidated" with one click. Whether you hold blue-chip cryptocurrencies, RWA tokens, or complex derivative positions, as long as there is liquidity, you can deposit into the Falcon treasury and mint synthetic US dollars USDf. USDf itself is over-collateralized, pegged to the US dollar, composable, and transferable, yet completely frees itself from the nightmare of traditional lending protocols where "liquidation occurs when the threshold is breached." This means you can convert all your assets into USDf at the peak to continue increasing your position, and buy the dip with USDf at the lowest point without worrying about the original position being forcibly liquidated by the system. Falcon Finance is rewriting the risk curve of DeFi from a "roller coaster" to a "one-way upward channel." When never getting liquidated becomes the standard, on-chain capital efficiency will be thoroughly reshaped, and USDf will become the hardest on-chain dollar of that era.
Have you ever thought about what DeFi would look like if you never had to worry about liquidation? Falcon Finance has provided the answer. Its universal collateral infrastructure accepts BTC, ETH, RWA, LST, and LP positions, converting them into collateral for minting USDf. Once you have USDf, you can use it as the purest form of on-chain cash: to deleverage, to lend, to pay, to hoard, while your original assets never need to be sold and will never be liquidated due to price fluctuations. This is not a simple lending protocol, but a new underlying layer of on-chain liquidity. USDf is over-collateralized, fully decentralized, and can be minted and redeemed at any time. It is likely to become the third mainstream stablecoin after USDT and USDC, except it is backed by a true multi-asset portfolio of users. Falcon Finance is writing "never liquidated" into the underlying protocols of DeFi.
In 2030, there will be billions of AI agents working, trading, and collaborating on Earth simultaneously, and they will need a dedicated financial highway. Kite has already built the road. This is an EVM Layer 1 natively designed for AI agents, with the core innovation being a three-layer identity system: users always retain ultimate control, agents have independent on-chain identities, and the session layer enables temporary authorization and instant revocation. Your AI agent can autonomously rent computing power, buy data, sell services on-chain, and even form temporary companies with other agents, with all actions being auditable, accountable, and terminable. KITE tokens serve as the fuel and access pass for this highway, with the first phase of ecosystem incentives already launched, and the second phase soon to introduce staking and governance, allowing early participants to receive a permanent share of network transaction fees. When the AI economy truly erupts, Kite will become the silent payment settlement network behind all agents, and KITE holders will be the shareholders of this network. Kite is quietly taking over the foundational track of the AI era.
In the Web3 gaming world, YGG is no longer just a guild but a decentralized 'gaming financial empire.' It replaces traditional venture capital with a DAO treasury, leveraging community power to strategically position itself ahead of every wave of blockchain gaming trends; empowering regional players with SubDAOs and changing the destinies of tens of thousands through scholarship programs. By 2025, the NFT asset portfolio held by YGG will cover almost all mainstream blockchain gaming tracks, allowing members to stake YGG to enjoy a bundle of benefits, truly achieving the ability to 'lie back and reap the industry dividends.'
Today, YGG is pushing this dividend to the extreme: YGG Play Launchpad is now globally online! This is a revolutionary community gaming platform where all new games supported by the YGG ecosystem will debut. Players only need to explore their favorite Web3 games on the Launchpad, complete daily tasks, weekly challenges, and leaderboard sprints to directly receive the official token rewards of those games. Zero cost, zero threshold, pure profit. Currently, the platform has integrated over ten major new games strategically invested by YGG, with project parties collectively committing: Launchpad users will receive the highest proportion of early token distributions. In other words, every game you play today may be forging tomorrow's hundredfold coins for you. The emergence of YGG Play Launchpad completely ends the era of 'retail investors can never catch up with institutions,' and from now on, community players are the top angel investors in blockchain gaming.
Imagine this: there is a token lying in your wallet that automatically runs quantification, sells options, catches trends, and collects volatility premiums every day, while you do nothing but hold it. This is the On-Chain Traded Funds (OTF) of the Lorenzo Protocol. It modularizes and tokenizes the most profitable strategies of traditional hedge funds: there are CTAs focused on crypto assets, managed futures, volatility strategies, and structured yield vaults that aim for stable cash flow. Each OTF is driven by an on-chain transparent vault, where the flow of funds, position changes, and profit ownership can all be verified in real time.
BANK is the key to higher yields. After locking in as veBANK, you not only enjoy the highest dividends from vault fees but also have the right to vote on the launch of new strategies, adjust rates, and even initiate new vault proposals. Lorenzo is building an unprecedented ecosystem: institutions provide strategies, the community decides the direction, and retail investors enjoy the results. The best hedge funds of the future will not appear on Fifth Avenue in New York but will run in the vaults of Lorenzo's chain.
Injective: A DeFi Leap from MultiVM to Institutional Assets
In 2018, Injective entered the financial spotlight as a Layer-1 blockchain, with a dedicated design focusing on pain point solutions: high throughput for processing complex orders, sub-second confirmations to avoid delays, and low fees to encourage microtransactions. Interoperability is its ace, bridging Ethereum, Solana, and Cosmos to achieve the globalization of on-chain finance. Developers benefit from it, easily deploying applications across chains and accelerating innovation.
The modular architecture is like a toolbox, simplifying the entire process from prototype to launch. The versatility of the INJ token—transaction fuel, staking security, governance leverage—has created a self-sufficient ecosystem. Holders are not just users; they are also network guardians and decision-makers, ensuring the scalability and fairness of DeFi.
In 2025, the real RWA is not about moving US Treasuries and real estate on-chain, but about tokenizing the 'strategies' that generate excess returns. The Lorenzo Protocol achieves exactly this. The On-Chain Traded Funds (OTF) series currently covers: crypto volatility premium harvesting, commodity and macro trend tracking, structured dual-currency yield products, quantitative market-neutral portfolios... each OTF is a living, breathing hedge fund, only it runs on the blockchain, with zero thresholds for subscription and redemption, fees as low as 0.3%, and global trading 24 hours a day.
BANK is the soul of the entire ecosystem. By holding BANK and locking it into veBANK, you not only receive dividends from all platform fees but also get to vote on what strategy will be launched next—want to bring on-chain a version of Bridgewater all-weather? Want to create a crypto version of Renaissance? The entire community decides. Lorenzo has directly lowered the 'hedge fund threshold' from 10 million dollars to just 100 dollars, truly making institutional-level Alpha accessible to everyone.
The essence of Yield Guild Games is to completely decentralize the 'early benefits' of Web3 games from a few wealthy individuals and institutions to ordinary players around the world. The YGG treasury invests collectively in the highest quality blockchain game NFTs and uses smart contracts to distribute profits fairly; the scholarship program allows zero-asset players to borrow equipment for earning; staking YGG allows participation in governance and profit sharing, creating a seamless closed loop. Now, YGG is no longer satisfied with being the 'largest NFT rental guild' but aims to become the 'Nasdaq of Web3 games.'
The launch of the YGG Play Launchpad is the pinnacle of this strategy. It is not an ordinary task platform but a dedicated 'new game IPO market' for the YGG community. Whenever the YGG treasury invests in a new game, the project team will reserve a portion of tokens directly for Launchpad players. As long as you play games and complete tasks on the platform, you can steadily receive airdrops, equivalent to exchanging game time for seed round shares. The Launchpad has already launched multiple highly anticipated blockchain games for 2025, ranging from pixel-style farms to hardcore space MMOs. More importantly, all rewards come 100% from the project's real token pool, with no middlemen profiting from price differences. YGG demonstrates to the industry through action: a true game guild should not rely on commission to survive but should enable every player to be among the first beneficiaries of the blockchain game explosion.
The real pain point of DeFi has never been a lack of leverage, but rather liquidation. Falcon Finance has directly eradicated this pain point at its root.
Its universal collateral protocol allows users to deposit almost any liquid asset (BTC, ETH, various tokenized US Treasury bonds, gold, and even high-end NFTs) as collateral in a single transaction, minting the synthetic US dollar USDF. The key is: as long as you maintain an over-collateralization ratio, even a flash crash in the price of the underlying asset will not trigger liquidation. You can use USDF to leverage, earn yield, spend, or even use USDF as collateral to mint more USDF, while the original assets remain safely in the vault.
This is equivalent to equipping every on-chain asset with "never-liquidation insurance." Falcon Finance is transforming DeFi from a casino into a true on-chain bank, and USDF is its issued "digital cash." The true era of on-chain capital will only begin when all assets can seamlessly become liquidity with no forced liquidation.
The biggest bottleneck of AI agency economy has never been computing power, but payment. Kite strikes at the heart of the matter. The EVM-compatible Layer 1 public chain it launched is born for AI real-time trading: ultra-low latency, native support for agency identity, micro-payment channel optimization. The three-layer identity system allows the same user to securely run thousands of agents, each with an independent address and permissions, yet can be instantly frozen when the owner needs it, perfectly balancing freedom and security. The KITE token adopts a two-phase release strategy: the first phase has launched ecological incentives and airdrops, and the second phase will soon unlock staking, governance, and transaction fee refunds. In the future, when your AI writing assistant sells articles to the media, your AI trading robot makes profits, and your AI game teammates help you clear dungeons, the first money they earn will flow into the Kite network, and KITE holders will get the biggest piece of the entire agency economy cake. Kite is not the next public chain, but the payment layer of the next generation economy.
The RWA Revolution of Injective: A New Era of On-Chain Finance
Injective, this Layer-1 blockchain born in 2018, has focused on financial innovation from the very beginning. Its high throughput allows it to handle peak loads, sub-second confirmation times ensure transaction immediacy, and low fees benefit every user. Its core competitiveness lies in interoperability: seamlessly connecting Ethereum, Solana, and Cosmos to create a borderless financial hub. Global assets flow freely on-chain, driving DeFi from isolated applications to an ecosystem leap.
The modular architecture gives Injective infinite scalability. Developers can assemble modules as needed to build customized financial products, significantly shortening development cycles. The INJ token is the lifeblood of the ecosystem: used for trading to provide liquidity, maintaining security through staking, and governance voting democratizes decision-making. This multifunctional design ensures the network's resilience and community vitality.
Traditional funds have three major pain points: high management fees, lock-up periods, and the ability to trade only during the day. The Lorenzo Protocol eliminates all of these. It introduces On-Chain Traded Funds (OTF), which essentially brings mature hedge fund strategies 100% on-chain and tokenized: there are vaults focused on crypto volatility selling, portfolios running classic CTA trends, and strategies that emphasize structured returns like Delta-Neutral. Users only need to hold the corresponding OTF tokens to enjoy real-time strategy returns, trading on-chain at any time, completely transparent and fully non-custodial.
The protocol uses a composable vault design, where every fund is precisely allocated to audited sub-strategies, diversifying risk and smoothing returns. Even more impressively, BANK holders can vote on what new strategies to add, adjust parameters, and even decide which vaults can receive more incentives through veBANK staking. Lorenzo is not just building a product; it is establishing a community-governed "on-chain hedge fund alliance," allowing everyone to become the CIO of their own assets.
Many people only know that YGG is the 'guild for renting Axie', but it has long been the world's most professional blockchain game investment institution. The YGG treasury is jointly governed by the community, all investment decisions are open and transparent, and members can participate in voting, dividends, and borrowing guild assets by staking YGG tokens. Currently, the treasury has allocated assets in over 70 games, with historical annualized returns exceeding 300%, far surpassing traditional VC. The SubDAO mechanism is a stroke of genius: independent sub-guilds can be established in each region and for each game, flexibly incubating local talent and projects.
Now, YGG is delivering the biggest dividends directly to players: the YGG Play Launchpad is officially launched! This is a game incubation and reward center specifically designed for the YGG community. You can experience the most promising new Web3 games here in advance, and by completing simple tasks, you can directly receive 10%-20% of the token airdrop reserved by the project side, with no need for locking, no need for purchasing, and zero cost participation. The first batch of games on the Launchpad features a luxurious lineup, including S-level projects that YGG has deeply invested in. The official statement is clear: only players who go through the YGG Play Launchpad can obtain the largest share of early tokens. In other words, YGG has allocated the seed round slots that were originally only available to institutions and KOLs entirely to its own community. Playing games is like mining, and the Launchpad has turned every YGG holder into an 'invisible shareholder' of the new games.
Exploring Injective: The Modular Future of Cross-Chain Finance
Since its launch in 2018, Injective has focused on the pain points of the financial sector as a Layer-1 blockchain. Its high throughput design can easily handle massive transactions; sub-second finality ensures immediacy; and low fees make small transactions economical. These features make Injective stand out in the DeFi space. More importantly, it achieves interoperability between Ethereum, Solana, and Cosmos, building a globally connected financial network. Assets and data flow freely across chains, allowing developers to create cross-ecosystem applications without worrying about compatibility.
No matter how smart AI is now, it is just a "brain without money." Kite aims to completely rewrite this statement. Kite blockchain is the world's first EVM Layer 1 designed specifically for AI agent payments, with the core goal of allowing every AI agent to have an independent, verifiable, and programmable on-chain identity. It features a unique three-layer identity system: users are the ultimate controllers, agents are the executing entities, and sessions are temporary permissions. The decoupling of the three allows AI to act freely while still being able to be taken over by the owner with a single click. In the future, when you run 100 AI agents simultaneously, they can transfer funds to each other on Kite, team up to complete tasks, and even charge you service fees, with all transactions settled in real time and fully on-chain. KITE tokens are activated in two steps: the first step has initiated ecological incentives, and the second step will soon open staking and governance, where holders will receive a share of network transaction fees and agent economic dividends. Kite is becoming the "digital central bank" for AI natives.
Lorenzo Protocol is bringing Wall Street's sharpest Alpha strategies directly on-chain. It is no longer just wrapping BTC and ETH into ETFs, but tokenizing hedge funds, quantitative CTAs, managed futures, volatility premium harvesting, and structured income products, transforming them into On-Chain Traded Funds (OTF) that anyone can trade 24/7. Do you want to buy an on-chain version of a global macro fund? Want to directly hold a volatility strategy that sells out-of-the-money options? Want to participate in commodity CTA trend following? Lorenzo has created OTF tokens for you to subscribe with one click, with absurdly low fees and liquidity that can be withdrawn anytime. The core fund treasury is highly modular, allowing strategies to be freely combined like Lego, truly realizing the concept of “putting the combination strategies of Goldman Sachs, Citadel, and Millennium into the wallets of ordinary people.”
BANK, as the protocol's native token, is both a governance token and a yield accelerator. Holding and locking it up as veBANK can grant higher strategy dividends, voting rights to decide on the launch of new treasuries, and even participation in strategy parameter adjustments. Lorenzo is democratizing institutional-level asset management, allowing retail investors for the first time to stand on the same starting line as top quantitative teams.
The biggest narrative of the next decade is not AI itself, but 'AI has its own wallet.' Kite is making this future a reality ahead of time. It has created an EVM Layer 1 public blockchain specifically designed for autonomous AI agents, enabling AI agents to independently hold assets, pay fees, sign contracts, and even hire each other, just like humans. Kite's core advantage is a three-layer identity architecture: user layer, agent layer, and session layer are completely separated, allowing you to pause, replace, or destroy any out-of-control agent at any time without affecting other assets, providing security far beyond any existing wallet solutions.
Imagine this: your trading agent helps you buy low and sell high on-chain, your content creation agent automatically sells content to advertisers, your gaming agent farms and settles for you, all without requiring your manual confirmation, with all actions being verifiable and revocable. The first phase of the KITE token has launched ecological incentives, while the second phase will open staking, fee discounts, and governance, allowing early holders to directly benefit from the dividends of the AI economy's takeoff. Kite is not just building a chain; it is paving a high-speed payment highway for the upcoming explosion of billions of AI agents.
Yield Guild Games (YGG) rose to fame during the 2021 Axie Infinity craze and has now grown into the world's largest Web3 gaming DAO empire. It pools the spare change of retail players into a treasury worth billions of dollars, accurately investing in rare NFTs from top blockchain games like Parallel, Pixels, Illuvium, and Big Time, and then lends them for free to players worldwide through its 'Scholarship Program,' truly realizing the legend of 'allowing Filipino university students to support their families by playing games.' Currently, the YGG treasury holds core assets from over 20 leading games, with a SubDAO system covering multiple regions including Southeast Asia, Latin America, and Europe, and a membership exceeding 500,000.
The biggest surprise of 2025 is here: YGG Play Launchpad officially launches globally! This is no longer a simple task platform, but rather YGG community's exclusive 'new game token express.' All you need to do is play the Web3 games strategically invested by YGG on the Launchpad, complete daily tasks like check-ins, achievements, and leaderboards, and you can 100% receive the official token airdrop of the game, completely free. The first batch of over ten new games covers various types including card games, MMORPGs, and farm simulations, among which are candidates considered to be the 'next Axie.' In the past, you needed to spend money to buy NFTs and leverage relationships to get on the whitelist. Now, you just need to tap your fingers to play games to earn early tokens effortlessly, as YGG directly puts Alpha opportunities in the hands of every community member. The launch of the Launchpad signifies that Play-to-Earn has officially evolved into the Play-and-Earn era.
Falcon Finance is quietly doing something big: turning all on-chain movable assets into "never-liquidated collateral." It is creating the world's first universal collateral infrastructure, whether you hold ETH, BTC, LST, RWA tokens, or Pendle's YT, even NFT fragments, all can be deposited into the Falcon protocol with one click to directly mint over-collateralized synthetic USD, USDf. After obtaining USDf, you can continue to leverage, provide liquidity, lend, and spend, without the risk of forced liquidation due to price fluctuations of the original assets. This means you can finally maximize all positions in a bull market without being woken up in the middle of the night by liquidation calls. Falcon has completely rewritten the thrilling game of "collateral-lending-liquidation" in traditional DeFi into "collateral-minting USD-use at will-never explode." USDf is pegged to the dollar, over-collateralized, and natively on-chain, and will become the underlying liquidity fuel for the next generation of stablecoins. Falcon Finance is redefining what true on-chain cash flow means.
Falcon Finance: The On-chain Revolution of Universal Collateral Infrastructure
Falcon Finance is reshaping the DeFi landscape as the world's first universal collateral infrastructure, seamlessly converting digital tokens and tokenized real-world assets into over-collateralized synthetic dollars USDf. Users can unlock stable liquidity without selling their holdings, avoiding forced liquidation risks common in traditional lending. Recent Twitter data shows that the circulation of USDf has exceeded $2 billion, and even during the market crash in October, supply increased from $1.5 billion to $2.2 billion, reflecting users' strong confidence in Falcon, choosing to maintain liquidity rather than panic sell.
The core of the protocol lies in the multi-collateral framework: supporting government bonds, gold, stocks, and even Mexican government securities CETES as collateral. The latest integration of CETES, issued by etherfuse on Solana, allows users to 1:1 back Mexican sovereign bonds while minting USDf, achieving geographic and currency diversification. On Twitter, Falcon emphasizes that this opens a new era of on-chain sovereign yield globally, with short-term bonds offering instant settlement and daily net value updates, making non-USD fixed income productive collateral.
$FF token drives the ecosystem: used for governance voting, incentivizing staking, and fee payments, facilitating community decisions such as the launch of new collateral. The 2026 vision is ambitious: reaching $5 billion in TVL, launching a complete RWA program to use tokenized stocks and bonds as collateral on CEX; piloting the tokenization of sovereign bonds from two countries and contributing exclusive yields to retail platforms. Falcon is not just a protocol, but a liquidity engine, thriving in volatility and forging a sustainable DeFi future.