INTERESTING THINGS IN DEFI

Summary from the TLDR Crypto newsletter

Yield Basis launched hybrid vaults requiring crvUSD deposits followed by 2.5x BTC to address crvUSD demand and scale yb-BTC. Pendle is introducing NVIDIA funding rate markets on Hyperliquid perps (the first tradfi-style instrument for funding rate speculation) while transitioning from veToken to liquid staking sPENDLE with 14-day unstaking, 80% revenue buybacks, 30% emission cuts, and 4x boosts for current lockers. USD3's sUSD3 is offering 25% APR with PT markets anticipated for looping strategies, while Pear Protocol V2.1 adds cross-asset conditional orders enabling executions based on BTC price thresholds or dominance levels.