# Yield Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Yield", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

$93 Million Casually Misappropriated? The Truth Behind the Stream Finance Collapse

Stream Finance, a DeFi yield protocol with over $200M TVL, collapsed on November 4, 2025, after announcing a $93M loss caused by an "external fund manager." Its stablecoin xUSD plummeted 77%, triggering a $285M contagion across lending protocols like Morpho and Euler, leading to a $1B DeFi outflow. Initially blamed on "Curator" risk managers, the truth emerged from a December 8 lawsuit: founder Caleb McMeans had transferred protocol control to trader Ryan DeMattia with "no formal relationship." On October 10, DeMattia’s personal leveraged positions were liquidated during an ETH crash, and he allegedly used Stream’s funds to cover his losses—weeks before the Balancer hack (November 3) was falsely cited as the cause. The disaster was amplified by xUSD’s recursive lending structure but rooted in unregulated, off-chain asset control without multisig or custody safeguards. The incident highlights DeFi’s vulnerability to opaque operations and personal misconduct, not systemic failure of Curator models or yield strategies.

marsbit12/17 03:06

$93 Million Casually Misappropriated? The Truth Behind the Stream Finance Collapse

marsbit12/17 03:06

JPMorgan to Launch Tokenized Money Market Fund on Ethereum

JPMorgan is launching a tokenized money market fund called the My OnChain Net Yield Fund (MONY) on the Ethereum blockchain. The bank is providing $100 million of its own capital to the fund, which will open to investors on Tuesday, December 16th. Built on JPMorgan's own tokenization platform, Kinexys, the fund will be available to qualified investors and institutions with minimum investments of $5 million and $25 million, respectively. Investors can contribute funds in US dollars or the USDC stablecoin and will get fund tokens delivered to their crypto wallets. Like traditional money market funds, MONY will hold low-risk, short-term securities, pay daily interest, and accrue dividends. JPMorgan cited significant client interest in tokenizing traditional financial instruments. The bank sees tokenized funds as appealing to crypto investors because they offer yield while keeping assets on the blockchain; such tokens can also be used as collateral on crypto exchanges. This launch occurs as the total assets in money market funds have grown to $7.7 trillion. The largest such fund remains BlackRock's BUIDL, which launched in early 2024 and has a total value locked (TVL) exceeding $2 billion.

RBK-crypto12/15 13:26

JPMorgan to Launch Tokenized Money Market Fund on Ethereum

RBK-crypto12/15 13:26

Beyond Trading: A Look at the Star New Projects and Major Updates in the Solana Ecosystem

At Solana Breakpoint 2025, major updates and new projects were announced across DeFi, RWA, AI, privacy, wallets, and prediction markets. Key highlights include the mainnet launch of Firedancer, expected to boost TPS to over 1 million, and Coinbase DEX integration. In DeFi, multiple yield-bearing stablecoins were introduced: Splyce Finance launched $SFULC with 10% APY backed by real estate cash flows, while Streamflow introduced $USD+ with 3.6% APY backed by U.S. Treasuries. RockawayX and WisdomTree announced RWA yield vaults, and State Street revealed plans for a tokenized liquidity fund, SWEEP, with Galaxy Digital. Carrot introduced Turbo Tokens for leverage trading without liquidation risk, and Huma Finance partnered to provide stablecoin liquidity for稀土 mineral trading. Light Protocol introduced a new token standard, Light Token, reducing costs by 200x vs. SPL, and deBridge launched an intent-based execution model for seamless cross-chain operations. In RWA, Oro announced $StGOLD, a yield-generating gold token with physical redemption points, and Uranium Digital demonstrated on-chain uranium trading for institutions. For privacy, Arcium introduced C-SPL, an encrypted token standard, and the Cerberus Protocol for enhanced security. In AI, Solflare launched Magic AI, a decentralized assistant executing on-chain actions via natural language commands, and Glider introduced an AI-driven investment app backed by a16z. Wallet updates included Unruggable, a Solana-native hardware wallet, Solflare Shield, a card-shaped NFC hardware wallet, and Phantom integrating Kalshi's prediction markets. Finally, worm.wtf launched a leveraged prediction market on Solana.

marsbit12/15 10:39

Beyond Trading: A Look at the Star New Projects and Major Updates in the Solana Ecosystem

marsbit12/15 10:39

Solana ETF Defies Market Trend with Sustained Inflows: 7 Consecutive Days of Capital Inflow Highlight Institutional Long-Term Confidence

Despite Solana (SOL) facing significant price pressure—down nearly 55% from its January peak—its spot ETF has demonstrated strong capital attraction, with seven consecutive days of net inflows totalling nearly $700 million, according to Farside Investors. The Bitwise BSOL ETF, which stakes 100% of assets for 5-7% annual yield, dominates with over 90% of inflows, offering dual exposure to price and staking returns. This contrasts with Grayscale’s lower staking ratio and higher fees. The divergence between sustained institutional inflows and SOL’s price decline reflects macro pressure, profit-taking, and large sell-offs. However, on-chain data shows accumulation by long-term holders. A key innovation is the compliant integration of staking rewards into traditional finance, allowing passive yield without direct token ownership—a regulatory shift that benefits PoS assets. While institutional views diverge, with some citing meme-driven speculation risks, developments like Western Union’s stablecoin issuance on Solana may strengthen its utility. Continued network growth and enterprise adoption could align ETF inflows with price performance over time.

marsbit12/14 01:42

Solana ETF Defies Market Trend with Sustained Inflows: 7 Consecutive Days of Capital Inflow Highlight Institutional Long-Term Confidence

marsbit12/14 01:42

a16z Bets on Energy Tokenization Experiment: How Will DayFi Use DeFi to Restructure the Power Grid? Jae 2025/12/13 12:00

a16z Backs Energy Tokenization Experiment: How DayFi Aims to Restructure the Grid with DeFi As global tech giants compete for computing power, electricity has become a critical resource. DayFi, a decentralized energy capital markets protocol under the Daylight ecosystem, is launching a $50 million pre-deposit event on December 16. Backed by a16z Crypto and Framework Ventures, DayFi tokenizes future electricity revenue into tradable crypto assets. The protocol allows users to deposit stablecoins to mint GRID—a fully collateralized stablecoin—and then stake it to receive sGRID, a yield-bearing token representing a share in energy asset revenue. This creates a flywheel effect: liquidity funds distributed energy projects, which generate tokenized returns for holders. However, DayFi faces significant regulatory challenges. sGRID may be classified as a security by the SEC, requiring strict disclosures. Additionally, FERC’s restrictions on disclosing critical energy infrastructure data conflict with DeFi’s transparency requirements. Technical solutions like zero-knowledge proofs may be needed to verify收益 without exposing sensitive data. Valuation of the underlying energy assets—solar panels, batteries—also remains uncertain, with risks of depreciation and potential manipulation. Despite these hurdles, DayFi represents an ambitious attempt to bridge DeFi with physical energy grids, transforming electricity into a dynamic, tradable asset amid growing AI-driven power demand.

marsbit12/13 05:42

a16z Bets on Energy Tokenization Experiment: How Will DayFi Use DeFi to Restructure the Power Grid? Jae 2025/12/13 12:00

marsbit12/13 05:42

Big Short Burry Warns: Fed's RMP Aims to Conceal Banking System Fragility, Essentially a Restart of QE

Michael Burry, of "The Big Short" fame, issued a warning that the Federal Reserve's new Reserve Management Purchases (RMP) program is a covert form of quantitative easing (QE) designed to mask deep-seated vulnerabilities in the US banking system. He argues that the need to inject liquidity, despite over $3 trillion in bank reserves, signals systemic fragility, not strength, stemming from the 2023 banking crisis. Burry contends that each crisis now forces the Fed to permanently expand its balance sheet to prevent funding crises. The market reaction showed rising 2-month Treasury yields and falling 10-year yield, alongside ongoing repo market volatility, raising concerns about year-end funding stress. He cautions against bullish bank stock advice and prefers Treasury money market funds for large deposits. While the Fed states RMP is a technical operation to ensure sufficient liquidity, Burry sees it as evidence of a weakened financial system reliant on constant central bank support.

深潮12/12 01:37

Big Short Burry Warns: Fed's RMP Aims to Conceal Banking System Fragility, Essentially a Restart of QE

深潮12/12 01:37

Champion! Huobi HTX Tops the Industry with $583.7M Net Asset Inflow Over the Past 30 Days

In the competitive crypto industry, fund flows reveal true user trust. According to Defillama data on December 5, Huobi HTX recorded a net inflow of $583.7M over the past 30 days, ranking first among all centralized exchanges (CEXs). This reflects growing user confidence in the platform’s security, transparency, and product offerings. Huobi HTX has maintained steady growth in total assets and spot trading volume, forming a positive cycle of asset safety, user growth, and capital inflow. Key factors behind this performance include enhanced asset proof mechanisms—with 38 consecutive months of published Merkle Tree Proof of Reserves (PoR) and 100%+ reserve ratios for major assets—alongside improved C2C trading features such as a "100% compensation" policy and a streamlined user experience. The platform’s earn products, including Huobi Earn, also saw significant growth, with increases in both user participation and asset deposits for tokens like USDD, ETH, and TRX. Users are increasingly choosing Huobi HTX for its reliable yields, ease of use, and strong security measures during market volatility. As a long-established exchange founded in 2013, Huobi HTX has strengthened its compliance and risk management frameworks, reinforcing its reputation for safety and transparency. The net inflow milestone underscores its position as a trusted platform where users choose to securely store and grow their digital assets.

深潮12/10 10:19

Champion! Huobi HTX Tops the Industry with $583.7M Net Asset Inflow Over the Past 30 Days

深潮12/10 10:19

HyENA Officially Launches: Ethena-Backed, USDe-Margined Perp DEX Lands on Hyperliquid

HyENA, a new perpetual DEX developed by the Based team, has officially launched on Hyperliquid. Supported by the Ethena Foundation, it introduces a novel trading model that allows users to post USDe as margin. A key innovation is that eligible USDe earns up to 12% APY while being used as collateral, enabling traders to generate yield on otherwise idle assets. The platform initially supports perpetual contracts for BTC, ETH, SOL, and HYPE. It also introduces a new DeFi primitive, HLPe, which consolidates various revenue streams like maker profits and funding rates into a single vault share for greater transparency and capital efficiency. HyENA is one of the first major products built on Hyperliquid's new HIP-3 standard, which allows builders to deploy their own perpetual markets with customizable parameters by staking HYPE. This framework enables faster listing of new trading pairs and innovative incentives while inheriting Hyperliquid's high performance. The Based team, a top builder on Hyperliquid and backed by Ethena, views HyENA as a critical step in establishing USDe as a premier margin asset in decentralized finance, bringing a high-frequency use case from centralized exchanges onchain.

深潮12/10 08:01

HyENA Officially Launches: Ethena-Backed, USDe-Margined Perp DEX Lands on Hyperliquid

深潮12/10 08:01

We've Hoarded Trillions in Bitcoin, But Never Use It? That's Changing Now

A significant portion of Bitcoin's trillion-dollar market cap remains dormant, with 61% of coins not moving in over a year and only 0.8% used in DeFi. While other ecosystems like Ethereum and L2s thrive with active use cases, Bitcoin has largely functioned as a passive store of value due to architectural and cultural constraints—prioritizing security over programmability, resisting upgrades, and lacking native interoperability. Previous solutions like wrapped BTC, federated systems, and bridges attempted to unlock Bitcoin’s liquidity but introduced new risks like custodial trust, security vulnerabilities, and reliance on external validators, contradicting Bitcoin’s trust-minimized ethos. However, this is changing with recent breakthroughs. Innovations like BitVM enable Bitcoin to verify external computations without executing them, allowing for Bitcoin-secured rollups and trust-minimized bridges. Upgrades like Taproot facilitate native assets and programmable vaults. New systems now support Bitcoin staking, restaking, and Lightning Network-based yield without requiring custodial wrapping or bridging. This emerging BTCFi ecosystem—comprising infrastructure, asset, and protocol layers—finally allows Bitcoin to participate in a functional economy while preserving its security model and self-custody principles. This could unlock a portion of the dormant capital, significantly impacting the broader crypto landscape.

marsbit12/09 02:55

We've Hoarded Trillions in Bitcoin, But Never Use It? That's Changing Now

marsbit12/09 02:55

Bitcoin's Dormant Capital Has Finally Awakened

Bitcoin, the largest and most secure cryptocurrency, has historically been underutilized, with over 60% of its supply dormant for more than a year and less than 1% engaged in DeFi. While other ecosystems like Ethereum and Solana evolved with smart contracts and vibrant economies, Bitcoin’s largely remained a passive asset due to its security-first architecture, limited scripting capabilities, slow upgrade processes, and cultural conservatism. Previous workarounds—wrapped BTC, federated systems, cross-chain bridges, and sidechains—introduced trust assumptions, custodial risks, and security vulnerabilities, failing to align with Bitcoin’s trust-minimized ethos. Recent breakthroughs are changing this. Innovations like BitVM enable Bitcoin to verify off-chain computations without executing them, allowing for Bitcoin-backed rollups, trust-minimized bridges, and programmable vaults. Upgrades like Taproot have expanded Bitcoin’s capabilities, enabling native assets (e.g., Taproot Assets for stablecoins) and more complex cryptographic structures. New models also allow Bitcoin to earn yield natively—through staking, restaking, and Lightning Network-based liquidity provision—without leaving self-custody. This emerging BTCFi ecosystem comprises infrastructure for secure execution environments, verifiable bridges, yield markets, and Bitcoin-native assets, all without compromising Bitcoin’s core security or self-custody principles. This marks the first time Bitcoin has a financial ecosystem capable of supporting its trillion-dollar market cap, potentially unlocking vast dormant capital and integrating it into a productive, decentralized economy.

深潮12/09 01:34

Bitcoin's Dormant Capital Has Finally Awakened