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The on-chain lending market is experiencing a new development cycle, with the vault model becoming an important innovation. A certain exchange has launched the DeFi Earn platform, channeling lender deposits into vaults and connecting them to protocols such as Aave, offering up to 8% annual percentage yield (APY). Bitwise has introduced a non-custodial vault strategy on the Morpho platform, and another exchange previously launched a USDC lending service. The total value locked (TVL) in on-chain lending protocols has reached $58 billion, with active loans exceeding $40 billion, and vault deposits surpassing $5.7 billion. Vaults achieve fund transparency through smart contracts, combining risk management and yield optimization to drive the improvement of the on-chain lending ecosystem. However, challenges such as liquidity risk and curator discretion remain. On-chain credit reduces operational costs and is expected to enhance the inclusiveness of credit services.

1. Morgan Stanley analysts: Two mining companies are expected to rise by more than 150% within a year; 2. Japanese stocks surged, and Buffett made a single-day floating profit of nearly $2 billions; 3. On Polymarket, the probability of the event "the US and Iran reach a nuclear agreement before 2027" is currently reported at 44%; 4. After investing $200 millions in BitMine, MrBeast acquired the youth-oriented banking app Step; 5. Bitmine purchased another 20,000 ETH from FalconX, worth $41.07 millions; 6. US Secretary of Commerce Raimondo is implicated in the Epstein files and is under bipartisan pressure to resign; 7. Jump Trading plans to acquire Polymarket equity in exchange for providing liquidity; 8. SBF posted criticism of US "political law enforcement," stating that FTX has always remained solvent; 9. CME has launched ADA, LINK, and XLM futures and micro futures contract products; 10. Last week, Sky Protocol spent 1.9 million USDS to buy back 31 million SKY.

Gelonghui, February 10th｜According to market sources, FTSE Russell will postpone the scheduled index assessment for Indonesia originally set for March 2026.