Edgy - The DeFi Edge 🗡️@thedefiedge1D
neutral🗡️ What DeFi Shipped 🚢 (Sept 25):
Nasdaq approved Pyth to distribute its stock-price data, Ondo added a way to tokenize existing shares, and Hyperliquid switched on borrowing.
Here’s how those work, plus 7 more updates worth catching up on:
• @HyperliquidX turned on manual borrows. You can now post HYPE or BTC as collateral and borrow USDC or USDT, with rates set by utilization.
• @Ondo now lets approved institutions mint Ondo Stocks with shares they already hold, through @AlpacaHQ's Instant Tokenization Network. It's live on Ethereum and @BNBCHAIN.
• @PythNetwork won Nasdaq approval to redistribute Nasdaq Basic through its data feeds. That puts licensed US equity prices on the same rails as its crypto feeds.
• @Polymarket hired Zora's former CEO Jacob Horne to "make Polymarket DeFi great again." @shayne_coplan admits the onchain product has waned while the team focused on the US.
• @zetachain holders voted to migrate ZETA to Solana, with 99.4% in favor. The team is folding its L1 and betting everything on @anumaai, its private AI app.
• @stablecoin_x's 48-month lock-up on its ENA is permanently waived from October 5. Its stack is ~3.03B ENA, about 20% of supply, although any sale still needs @ethena Foundation consent.
• @variational_io says its $VAR TGE will occur in Q4 2026, with 32% of the total supply airdropped to users based on Variational points.
• @jumperapp is getting a token. solana:Aybt5BWuW6kMNt7Jk1UmSgLzpEKev5pEnh82TA5rpump was announced days after a perps waitlist went up.
• @Trueo_ is moving its prediction market from @base to Ethereum mainnet, pointing to deeper integrations and its next oracle system. TRUE holders can migrate with no deadline.
• @longdotxyz says it will act as an incubator, not a launcher, working with top stock-pair teams to build their own moats. Stricter "PVE" protections like ticker locks are coming too.
An L1 voted itself out of existence, and a prediction market is leaving Base for Ethereum mainnet.
Nobody's loyal to infrastructure anymore, esp when it's so easy to bridge and shift tokens around.
They go wherever the users and the liquidity already are.
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