defi

Aave founder Stani Kulechov posted on X that the CLARITY Act will grant banks the legal authority to use digital assets and distributed ledgers without prior notice or approval, covering custody, staking, and lending, which represents a significant expansion of accessible market space for the crypto industry.Previously, he also stated that the bill is not perfect, and many aspects depend on the subsequent formulation of actual authorization rules, but it is the first regulatory framework to touch on DeFi, creating certainty for institutions, fintech companies, and banks to use on-chain business. He noted that once the CLARITY Act is passed, it will bring favorable conditions and investment for on-chain business similar to what the GENIUS Act has done for stablecoins.

According to official news, the decentralized exchange aggregator 1inch has officially launched the shared liquidity protocol Aqua for all users. Aqua allows users to support multiple liquidity positions simultaneously with just a token balance, without the need to deposit assets into a liquidity pool. The assets remain in the user's wallet, and only when a transaction is actually executed does the protocol call the corresponding tokens from the wallet through a single atomic transaction to complete the settlement, returning the received tokens and fees to the wallet.1inch stated that this new model, known as "shared liquidity," is expected to address current issues in DeFi liquidity, such as long-term idle liquidity, low capital utilization, and asset custody risks. The protocol was opened to developers last November and is now officially launched for all users, supporting 13 EVM-compatible chains including Ethereum, Arbitrum, Base, Robinhood Chain, and BNB Chain.1inch indicated that there are several structural issues with current DeFi liquidity. Although many protocols have a high total value locked (TVL), a large amount of liquidity remains in inactive price ranges for extended periods, failing to earn trading fee revenue while also bearing market volatility risks. Additionally, liquidity providers (LPs) typically need to split limited funds across different protocols, trading pairs, and price ranges, leading to decreased capital utilization. Furthermore, traditional models require users to deposit assets into liquidity pools, which not only loses other uses of the assets but also means relinquishing asset custody rights and facing risks such as JIT (Just-In-Time) liquidity bots seizing fees. Aqua enhances capital efficiency by registering wallet balances as a shared liquidity source, allowing the same asset to support multiple liquidity positions without transferring asset ownership; when the wallet balance is insufficient to cover a transaction, the protocol will not execute that transaction, thus keeping the user's actual risk always limited by the wallet holdings.

Singapore-based digital asset investment management company Psalion announced the completion of its third fundraise, totaling $50 million, making it the largest fund to date for the company. The fund is a variable capital company (VCC) registered in Singapore and is managed by Conduit Asset Management, which holds a license from the Monetary Authority of Singapore (MAS).The fund will focus on Pre-Seed to Seed stage projects, with an emphasis on infrastructure, middleware, trade finance, RWA, stablecoins, and DeFi sectors, particularly innovative projects that reshape asset ownership, transactions, and interactions in consumer applications of Web3. Psalion Managing Partner Tim Enneking stated, "Crypto was once the thesis, traditional finance was the antithesis, and what we are investing in now is the synthesis of both—Web2 businesses running on Web3 rails." The previous two funds were launched during market downturns, and the team believes that valuations during a downturn are more reasonable and entrepreneurs are more focused, making it the best window for positioning.

Dutch crypto finance protocol Tori Finance announced that its institutional-grade Delta neutral yield product strUSD has completed a $50 million pre-deposit fundraising before its official launch, reaching the cap in just 7 days. Tori stated that strUSD offers an annualized yield of approximately 12%, with returns derived from global arbitrage trading strategies traditionally used by financial institutions, rather than from the circulation of funds in the crypto market. This strategy achieves low correlation with crypto market cycles by borrowing in low-interest currencies, investing in high-interest markets, and utilizing foreign exchange hedging to lock in dollar returns.Tori founder Samed Duzcay mentioned that such trades were previously mainly participated in by large institutions like pension funds and banks, which typically required a funding threshold of tens of millions of dollars and involved complex processes such as local bank accounts, custody, tax, and compliance approvals. Tori opens up these institutional strategies to ordinary users through on-chain tokenization. Users can deposit USDC or USDT to obtain the synthetic dollar asset trUSD and stake to earn strUSD. This asset is based on the ERC-20 standard and can be integrated with DeFi protocols such as Morpho, Pendle, and Curve, and can also be used as collateral for lending to further amplify returns.Tori claims that the protocol constructs an on-chain balance sheet through zero-knowledge proofs and trusted execution environments, with independent verification agency Accountable conducting real-time audits of off-chain fund situations; digital asset investment firm RockawayX serves as the risk management party and anchor liquidity provider. Additionally, Tori's smart contracts have been audited by Sherlock and Nethermind, and Hypernative has been introduced for round-the-clock security monitoring, with all contract upgrades set to a 24-hour delay mechanism. Tori stated that its goal is to bring the neutral yield strategies used by traditional financial institutions for decades into the on-chain financial system, promoting the integration of real yields with DeFi infrastructure.

As TRON DeFi Summer S1 enters its final sprint phase, JustLend DAO announces that it will hold a "Highlight Night" in-depth roundtable discussion on July 28 at 20:00 (SGT) in X Space. This event will feature several heavyweight industry guests, focusing on JustLend DAO's lending and borrowing market, Staked TRX, and energy leasing, among other core product matrices, comprehensively analyzing the synergistic effects of assets such as USDD, SUN, and JST within the TRON DeFi ecosystem. At that time, guests will guide you to unlock the triple play of "asset yield, liquidity release, and on-chain resources" in one go, aiming to help DeFi participants at different stages clearly outline the multiple application scenarios and value flows of TRON's core assets. Please stay tuned for the official X Space on July 28 at 20:00 (SGT) to jointly explore the highlights of the TRON DeFi ecosystem.

The TRON DeFi Summer S1 Sprint Challenge Task 2 is fully launched, focusing on the core of the TRON DeFi ecosystem------JustLend DAO. This task invites global users to deeply explore core functions such as the lending and borrowing market V1/V2, TRX staking, and energy leasing. Participants only need to follow @DeFi_JUST, enter the JustLend DAO platform to experience any function, and share their exploration insights in the comments section of the official tweet according to the rules, tagging the topic #TRONDeFiSummer and @ 3 friends to qualify for a share of the 1,000 USDT prize pool. The event uses an exploration map check-in mechanism, where each valid check-in lights up a node, and lighting up 5 nodes accumulatively unlocks a higher prize pool. Ultimately, three levels of honor incentives will be selected based on exploration days and content interaction performance: Beginner Explorer (10 people × 10 USDT), Advanced Explorer (20 people × 30 USDT), and Excellent Explorer (3 people × 100 USDT). The event is limited to August 2 (SGT), take action now to unlock unlimited opportunities for TRON DeFi asset circulation and on-chain growth.

According to data compiled by CertiK Skynet, in the past week, the supply of USDD on the TRON network has significantly increased by approximately $145 million, surpassing a total scale of $1.23 billion, accounting for about 81.6% of the total USDD supply on the network. As of now, the total supply of USDD on the network is $1.55 billion, with a TVL exceeding $2.33 billion.Recently, with the hot progress of TRON DeFi Summer, the liquidity in the TRON ecosystem has shown an explosive trend, among which, the TVL of USDD on JustLend has exceeded $450 million. The official Chinese account of USDD stated, "The growth of USDD on TRON is unstoppable." This round of growth further consolidates its leading position in the TRON ecosystem and its top position in the entire stablecoin sector.

According to data compiled by CertiK Skynet, in the past week, the supply of USDD on the TRON network has significantly increased by approximately $145 million, bringing the total scale to over $1.23 billion, accounting for about 81.6% of the total USDD supply on the network. As of now, the total supply of USDD is $1.55 billion, with a TVL exceeding $2.33 billion.Recently, with the hot development of TRON DeFi Summer, the liquidity in the TRON ecosystem has shown explosive growth, among which the TVL of USDD on JustLend has surpassed $450 million. The official Chinese account of USDD stated, "The growth of USDD on TRON is unstoppable." This round of growth further consolidates its leading position in the TRON ecosystem and its top position in the entire stablecoin sector.

Aave founder Stani posted on the X platform stating that there is a greater need than ever for all parties in the industry to reach a consensus and make every effort to promote the smooth passage of the CLARITY Act in the United States.Although the bill is not perfect at this time and there are still many details that need to be developed by regulatory agencies in the future, it will become the first regulatory legislation involving DeFi, providing a clear legal framework and regulatory certainty for institutions, fintech companies, and banks to participate in on-chain finance.Once officially passed, its impact on the on-chain financial ecosystem is expected to be similar to the development opportunities brought to the stablecoin industry by the previous GENIUS Act, attracting more investment and institutional funds into the on-chain space.Over the past year, especially in recent weeks and days, the Aave team has been in close communication with relevant policymakers in Washington, D.C., and is currently in the "last mile" of promoting the implementation of the bill, a crucial stage.

According to a post from Odos's official X account, the operating company of the DeFi liquidity aggregation protocol Odos announced the closure of its business. The specific timeline is as follows: Starting from July 23, new account registrations, new wallet creations, and new limit order functions have been disabled, while existing users can still exchange and close positions normally; from July 27 to 30, the application will switch to read-only mode, allowing users to view historical transaction records and balances; on July 30, all Odos services will be permanently shut down.Odos is a non-custodial protocol, and user assets remain on-chain. Users who created wallets by logging in with social accounts or email must complete asset transfers or private key exports before July 30. In addition, the ODOS token exists independently on-chain, and the company's closure does not affect its on-chain mechanism. Odos DAO will announce subsequent plans separately.

The Financial Action Task Force (FATF) stated in a report released on Tuesday that if identifiable individuals retain "control or sufficient influence" in DeFi arrangements, its rules apply, regardless of how decentralized the project claims to be.FATF noted that many DeFi projects still frequently exhibit centralized elements in practice, including the concentration of governance tokens, management authority, upgrade control, and fees and rewards flowing to insiders. The report categorizes DeFi into three types: those with identifiable controllers, those that are actually centralized but where operators are hidden, and those that are truly leaderless, with only the last category not subject to its standards.The report stated that nearly 93% of jurisdictions responding to the survey have not applied the relevant standards to any qualifying DeFi arrangements, with only 26 out of 142 jurisdictions having assessed risks, 4 having established licensing rules, and only 2 having registered or licensed relevant platforms. FATF requires countries to mandate or encourage DeFi projects to embed anti-money laundering controls into smart contracts or interfaces; for platforms that refuse to cooperate, jurisdictions may prohibit them from operating locally as a last resort. The report also stated that the total value locked in DeFi reached $86.6 billion this year, an increase of approximately 85% compared to 2023.

The decentralized stablecoin USDD announced that its TVL on JustLend DAO has surpassed $450 million, setting a new historical high. With the achievement of this milestone, the official has launched a community interaction reward activity. Users can participate in the lottery by retweeting the event tweet and tagging 2 friends. The event will randomly select 10 lucky users, each receiving 10 USDD, and will last until July 27.It is reported that the rapid growth of USDD on JustLend DAO is attributed to the ongoing TRON DeFi Summer event, where users are actively investing USDD into related DeFi markets, further enhancing the adoption and utility of USDD.

According to SoSoValue data, the cryptocurrency market sector maintains an upward trend, with Bitcoin (BTC) rising 1.83%, approaching $67,000; Ethereum (ETH) rising 1.38%, breaking through $1,900.At the same time, the SocialFi and RWA sectors performed outstandingly, rising 6.15% and 5.85% respectively in 24 hours. Within the SocialFi sector, Gram (GRAM) rose 6.89%; within the RWA sector, Ondo Finance (ONDO) rose 11.68%, Centrifuge (CFG) rose 6.25%, and Plume (PLUME) and RE rose 8.2% and 12.04% respectively.In other sectors, the PayFi sector rose 2.24% in 24 hours, with Monero (XMR) rising 6.24%; the Meme sector rose 0.8%, with SPX6900 (SPX) rising 4.94%; the Layer2 sector rose 0.62%, with Optimism (OP) rising 5.02%; the Layer1 sector rose 0.33%, with Hedera (HBAR) rising 4.87%; the CeFi sector rose 0.32%, with Bitget Token (BGB) rising 2.53%. In addition, the DeFi sector fell 2.54%, but ZeroLend (ZERO) rose against the trend by 50.73%.

According to market news, the U.S. Congress is engaged in bipartisan discussions on ethical issues. Negotiators are also discussing DeFi provisions, but ethical issues remain the main obstacle.When asked about the ethical proposal, Sen Lummis's spokesperson stated that the dialogue with the White House last week "went smoothly," and the ethical text to be released in the coming days will reflect this productive conversation.

Vitalik posted on the X platform stating that a new type of "high-level programming language" worth trying is a language compiled to Lean (or HOL, etc.), focusing on making it as easy as possible for humans to read definitions and theorems. Rather than proofs, because proofs only need to be correct, the key lies in the definitions and theorems themselves. The envisioned use is that AI outputs a large segment of proof, and the reader needs to understand as easily as possible which precise claims have actually been proven in these outputs.