Mitsya.

🏆 January Honors Announced · February Rewards Upgraded! TinTinLand Ambassador Program – January Top 5 leaderboard is officially out! Big congratulations to these outstanding builders for leading the community with real impact and action✨ @vivienne058 @weiqingzzzz @PraditSomc62471 @Crypto998_ @Mitsya09 🎁 January Exclusive Reward: Sentient Invite Codes All rewards have been distributed — check your inbox and kick off your AI × Web3 exploration! 🚀 And here’s what’s next… February TOP 5 Rewards Have Been Upgraded! This month’s top contributors will receive: 🎁TinTinLand Exclusive Physical Merch Pack 📅 February missions are live, with more ways to earn points and climb the leaderboard. 💪 This February, we’re not just competing for recognition, but for exclusive rewards! Let’s build, explore, and grow together. 💬 For more details, add Adam on WeChat (🆔 WinniWinni1) #TinTinLandAmbassadorProgram #Web3

Chengdu is alive right now! 🔥 @monad Blitz is in full swing. Devs are deep into Monad's parallel EVM, building, hacking, and vibing together to push high-performance blockchain forward. The energy is electric! ⚡️ @mynoraai @OpenBuildxyz @Monad_APAC @monad_zw

@Kristintt 这就奖励自己多看两遍

@TagAIDAO 感觉很有意思，期待期待🤩

@LLDusko 又错过了哎呀

听howe哥的有的赚

@LaJeunesse_Yyd @star_okx six six six

@star_okx six

跨链多、速度快——OKX Wallet 就是让你在哪条链都能无缝开车🤣

跌到谷底，才是筑基。别死Hold，聪明Hold。 #TagAI #币安人生 #币安小说

@robdogeth Got it.

xUSD is undergoing a major depeg and default event following a $93m hole in their balance sheet resulting in $280m of leverage unwinding. Let’s break down what is happening: What is xUSD and Stream Finance Stream Finance operates numerous vaults, which effectively are managed as onchain hedge funds. xUSD in particular is described as “ takes advantage of market neutral strategies to earn high yield. This strategies vary from lending arbitrages, to incentive farming, to dynamically hedged HFT, to market making.” xUSD has 382m$ of AUM which is offering an estimated 18% yield. Today, Stream announced that an external fund manager which was running their book lost 93m$. x.com/StreamDefi/sta… The reason this is causing such a tremendous amount of collateral damage is not only because of the 93m$ hole in their balance sheet, but what the rest of the balance sheet is comprised of. The xUSD Loop A core part of the yield generation strategy was aggressive looping using xUSD as collateral. A part of this strategy surrounded a bespoke looping agreement with Elixir, but additionally xUSD was deposited across various lending markets to borrow collateral (such as USDT0) and this collateral was used to mint more xUSD. Repeated multiple times such that an initial 1$ deposit may mint several $ of xUSD. As a result, Stream became the major holder of xUSD. It is today not fully clear exactly what is backing xUSD as there is a missing transparency report, but various onchain resources that I have assembled pieced together the story. The primary reason for the looping strategy is to harvest various forms of yield arbitrage in lending markets, with the added benefit of significantly inflating AUM for xUSD as well as partnering protocols. It’s unclear if the strategy was somehow nefarious or simply excessive risk taking gone wrong. As the market internalizes the $93m hole in the balance sheet, a major unwinding of all these loops are currently occurring. Let’s dig into the adjacent impact across the DeFi ecosystem. Elixir Impact deUSD from Elixir was borrowed in a bespoke agreement to Stream with xUSD as collateral. Elixir is the only debt holder with a 1:1 claim to xUSD redemptions. x.com/elixir/status/… The exposure is 68m USDC, about 65% of deUSD backing. Supposedly, the bespoke agreement shields Elixir as a senior debt holder in this story which is alleviating some of the concerns about deUSD’s backing. However, questions remain about the ability to repay the loans from Elixir, which has resulted in significant peg volatility for sdeUSD. Lending Market Impact xUSD was widely used as collateral, mostly on L2s such as Plasma, where it was aggressively levered using hardcoded oracles. A full rundown of the affected lending markets was compiled by YAM with combined exposure of $284.96m. x.com/yieldsandmore/… To use the largest market as an example, let’s examine xUSD on Euler on Plasma. $107m of xUSD is supplied with a hard-coded oracle at 1.27$. The collateral is used to borrow USDT0, plUSD and msUSD. Each of these lending markets are facing a serious amount of bad debt. Actual liquidation and clearing of this bad debt will likely pend the full bankruptcy of xUSD due to the hardcoded oracles. Oracle design and lender losses The above example may be the largest single loss for DeFi lenders (non-exploit related) and underpins the real risks of lending to high risk assets with hardcoded oracles. Lenders in these markets will be stuck for the foreseeable future as liquidations are blocked by the oracle. The borrower (xUSD) will face a 75% borrow APY in the meantime which further increases the losses for Stream. So far, Morpho Vaults on Ethereum mainnet seem largely unscathed. However, fear both tied to deUSD as well as broader contagion risk is pushing several of the largest vaults to 40%+ yields as many markets have limited excess liquidity as loops are being liquidated and lenders withdraw their funds. A significant part of the xUSD has been converted to other yield bearing tokens to perform loop arbitrage. A major exposure is Midas mHYPER (which is fully backed!), that was minted and looped on Morpho. Currently at a 90m$ market size and 65% borrow rate, this loop is being unwound by xUSD. This major spike in borrow rates across numerous assets is resulting in loop unwinding for other market participants. The issue is exacerbated by a general liquidity shortage following the Balancer exploit, Black Friday and overall negative price movements. Solutions and lessons We built @corkprotocol for these exact types of events, it can both act as a redemption buffer for liquidity crunches as well as a risk market to price risk and enable users to hedge against losses. Ultimately, the culprit is excessive risk taking, rehypothecation and poor transparency for xUSD depositors. Oracle design played a major role in amplifying the issue, if Euler markets were not hardcoded, less bad debt would have accumulated and positions could have been liquidated when there was existing AMM liquidity. Hopefully we as a space consider adopting alternative approaches to oracle design. The story is still evolving, please give @robdogeth, @talkintokens and @corkprotocol a follow if you want to stay up to date on this event as it unfolds.

@monad 0xFEce7166B3611C4E1123932E6D7E561D398A096C

Reply to this post with your EVM wallet address for some MON on Monad mainnet. The MON will cover your first few gas fees so you can start using the chain right away. You must be following @monad to receive it.

今天第二场 @Chromia @TinTinLand_ZH

Proof of Nexus Meetup 成都站 @NexusLabs @nexus_chn

@Morty_KCEX 有机会线下一起玩呀😜

@Mitsya09 我之前就在青城山读书

摩托干到山下，老师们来青城山偶遇呀⛰️ #TagAI #BUIDL

@yuwei2333 推车走人行道吧

堵成这样给我整笑了都，以往这个地方堵车都是因为下雨，今天下雨➕晚高峰双buff直接堵到动不了，幸好路够宽车也小巧我还能钻缝溜走，但是钻缝真的好累，刚好还是上坡，一直坡道起步坡道起步坡道起步，捏离合捏的手痛

@yuwei2333 别管，好看就行🤫

@Mitsya09 多久前的图了

@Morty_KCEX 这么早就上班了啊

GM

@Kristintt @modularmedia_ 逐字学习！

预测市场学习资料多到眼花缭乱？ 从小白到专家，你只需要三篇英文区精品文章👇 第一篇：成为正式学者 作者：@modularmedia_ 预测市场小白的入门必读指南，请了很多预测市场产品的创始人来对各部分进行讲解，非常全面和专业。 内容涵盖： 1/ 简单的概念介绍 2/ 核心模块及其面临的困境：流动性、包装层、市场结算、DeFi 拓展 3/ 应用垂直领域：体育、政治、文化、Pre-IPO… 4/ 预测市场价值所在 5/ AI + 预测市场 看完这篇应该对预测市场了解差不多 60% 了，强烈推荐！ x.com/modularmedia_/… 第二篇：成为长期玩家 作者：@tradefoxintern 怎么在预测市场中从”赌徒“变为”玩家“：是掌握一定实用技巧，而不是简单地凭直觉去下注、也不是很多仅在理论阶段才能跑通的套利手法，并且一定程度上可以缓解中文区文化水土不服的症状。 主要是教大家针对不同垂直领域的信息，在各自对应的平台上进行信息整理，并且通过计算期望值（EV）来获得长期收益回报。 x.com/tradefoxintern… 第三篇：成为产品专家 作者：@Baheet_ 因为需要去做各种竞品分析和机制优化分析,所以了解一个赛道最好的方式就是成为这个赛道的 pm。这篇文章正好从底层原理和博弈论角度教大家设计产品：从讲预测市场为什么有比民调更准确的预测率，到从产品设计的角度讲预测市场的流动性、激励设计与防操纵手段。 内容稍微点干，但是非常优质。 x.com/Baheet_/status… — 稍微有点标题党了，但以上几篇文章个人觉得非常有东西，希望大家读完后能有所收获🙇 🍉最后放一条新鲜出炉的 Polymarket 大使圈的瓜 ，学饿了的同学们可以吃吃 x.com/ProMint_X/stat… @Polymarket @PolymarketTrade

Claimed my @StandX_official ID. Most of you didn’t make it. I’m not most of you. Stand. community.standx.org/api/share?user…

@LLDusko 不愧是 dusko 老师又学到了🤓

什么饭都吃一点儿，一起来看看Kite AI项目～ 1⃣稳定币从“通证”到“基础设施”的临界点 2025 年的叙事，不再只是“链上金融”，而是“链上支付”。一边是合规与银行业的正面拥抱：Circle 宣布 Circle Payments Network（CPN），试图把稳定币清算做成面向金融机构的 24/7 结算层；这意味着把跨境电汇、代理行网络的高成本高时延，替换为稳定币的实时结算轨道。 另一边，稳定币专用公链密集上新：Plasma 聚焦 USDT 零手续费转账、亚秒级结算，公开融资 2400 万美元，定位“为稳定币而生的 L1”；Stable 把 USDT 直接做成 gas 资产，主打“Stablechain”场景；Tempo 由 Stripe 与 Paradigm 孵化，宣称 EVM 兼容、10 万+ TPS、支持任意稳定币付费；而 Circle 自研 L1「Arc」 更是把 USDC 作为原生 gas，内置 FX/结算与“可选隐私”。这些动向共同指向一个现实：稳定币正在从“交易媒介”升级为“支付底座”。 “主流化”的信号也来自监管与银行体系：英国央行提出对稳定币持有/使用设上限、待评估后逐步放开；日本三大行据报道将联合发行稳定币并推动企业级清算标准。这些都让“稳定币即支付”的路径更清晰。 2⃣当交易从“人点一下”变成“机自动”：Agentic Commerce 的需求面 AI 代理（Agent）正在把消费改写成“机器对机器”的连续动作：搜索、比较、调用 API、计量付费、续订与退款——频次更高、金额更小、跨境更常态、可编程程度更高。稳定币的锚定、全球可达与合约可编程，天然适配这种“流式微支付”。从咨询与产业侧看，2025 年被频繁称为稳定币支付的“拐点年”，跨境与微支付是最先落地的两条路。 传统支付栈（卡组织/ACH）面向“人”的交互做得极致，但面对“万物皆代理”的高频小额结算，就暴露出费率与清算时延的结构性不匹配。PayPal 在开发者生态与 Agentic Commerce 方向上的连续发布，正是为了把“可验证身份 + 可编程支付”引入到机器自驱的交易里。 3⃣四条“支付公路”：Plasma / Stable / Tempo / Arc Plasma：由 Framework 与 Bitfinex/USD₮0 领投，宣称以 HotStuff 派生共识 + Reth 执行层实现 零费 USDT 转账 与亚秒终局，目标直指“稳定币规模化结算”。 Stable（Stablechain）：把 USDT 作为链上 gas，对企业支付与高速稳定币清算做底层优化，近月完成融资与主网上线信息披露。 Tempo：Stripe × Paradigm 孵化的“支付优先链”，设计伙伴包含 Visa、Deutsche Bank、Shopify、OpenAI 等，主打 任意稳定币付费、专用支付通道与 A2A（Agent-to-Agent）支付。 Arc（Circle）：USDC 作为原生 gas、内置机构级 FX 引擎 与 即时终局，并与 CPN/USDC/EURC 等全套产品打通，面向企业级稳定币金融。 与此同时，发行侧也在加速试验：Tether 推出 Alloy（aUSD₮），允许用 Tether Gold 作抵押铸造“合成美元”，为稳定币提供新的锚定与风险结构选择。 4⃣Kite AI：把“谁在花、怎么花、花得对不对”产品化 如果说上面的链把“钱能到”做通，那么 Kite AI 想解决的是 “代理如何安全地花钱”。Kite 不是另一个“高 TPS 公链”，而是以 Agent 身份、权限与支付策略 为核心的 “智能体支付操作系统”： Kite AIR：为代理签发 Agent Passport（可验证身份与权限）与 Agent App Store（服务发现与支付），并把 稳定币原生支付 与 策略/风控 嵌入执行路径，交易全程可审计。 生态入口：借助公开 API，Shopify 与 PayPal 商户可在 Agent App Store 被 AI 购物代理“发现”并完成链上结算，把人机消费桥接到“机机结算”。 资本与资源端，PayPal Ventures 领投 Kite 1800 万美元 A 轮（累计 3300 万美元），并在官方文章中明确其投资逻辑：让代理拥有“护照”（身份/权限）与“结算轨道”（稳定币微支付），以支撑规模化的 Agentic Commerce。 Kite 的官网也同步释放了“Agentic Network / Ozone Testnet / 架构与开发文档”等入口，验证其“先跑应用，再谈代币”的产品路线。 小结：Plasma/Stable/Tempo/Arc 把“稳定币能高效结算”做成公共设施；Kite 把“智能体能安全结算”做成应用层标准件——两层合在一起，才是 Agentic Internet 的支付栈。 5⃣终局展望：稳定币将从“结算单位”进化为“行为货币” 当交易由代理在“毫秒级、跨边界、按用量”触发时，货币不只是清算单位，而是驱动行为发生的 能源。这要求： 1）可全球通达的低成本结算；2) 可编程的权限与费控；3) 可审计、可追责的执行轨道。稳定币 + agent 原语正好给出答案。 监管面，英、美、日、港等地的政策路线分化但方向一致：控制风险同时试点开放。这既是当下必须面对的约束，也是把“代理经济”接入现实商业网络的关键前提。 如何“轻参与”这条赛道（信息不构成投资建议） 开发者/商户集成：从 Kite Agent App Store 流程切入，配置 Passport/权限与计费策略，面向 AI 购物/服务代理开放；已有 Shopify/PayPal 方向的开放式对接。 测试网与生态：申请 Ozone Testnet、查阅 SDK/Docs，优先打通“计量—支付—对账”三件套，验证微支付与风控路径。 社区纪念与身份：Kite 官方曾发布 “FLY THE KITE” NFT 系列（2000 枚，社区称于 7 月 free mint、近期开图），可作为早期参与的纪念性身份凭据（请注意二级市场波动与真伪甄别）。 把 Plasma / Stable / Tempo / Arc 放在底层，把 Kite 放在应用层身份与策略之上，我们看到的是：稳定币支付的高速公路 + 智能体的驾驶规则。当 PayPal 等支付巨头把押注放在“让代理直接花钱”上，稳定币叙事的“消费终局”已经具备可操作的技术栈与商业入口。接下来，拼的是谁能更快把 “可验证的机器行为” 和 “可计费的微交易模型” 跑在同一套轨道上。 @ChiZhangData @0xLaughing @KiteAIChinese

@LaJeunesse_Yyd @YYYYYCanYue 大佬带带

@YYYYYCanYue 大佬太谦虚了，还得是你☺️☺️

800粉丝合影@LaJeunesse_Yyd 恭喜恭喜🎉