加密小师妹Monica

After the end of Edgex Season 1, our small studio was also looking for the next target. Indeed, Edgex's delay did undermine our confidence to some extent, but such uncertainty is part of the thrill of the game. Therefore, choosing the next project becomes even more critical.

First, the conclusion: we are going all-in on Variational.

Before diving into the main topic, a quick note: this article is purely an internal research and review from our studio, no ads, no codes—feel free to consume it.

Alright, let's begin. Variational, the hottest project in the second half of the Perp Dex battle, has already surpassed $1 billion in open interest, clearly pulling ahead of all other competitors except Edgex. At least the data doesn't lie:

After Lighter's token launch, FUD around Perps has significantly decreased. In fact, the market didn't give us time to ponder the future of Perps—our only two concerns now are:

1. Find a project that can capture market liquidity.
2. Optimize our strategy to earn as many points as possible before the deflation phase.

The logic behind choosing Variational is simple: zero fees and loss reimbursement are powerful weapons for capturing liquidity.

In reality, even before the official announcement of the point system and airdrop in the second half of 2025, many retail traders and studios were already using Variational to support their hedging strategies with other Perps. This ensures real usage and market share to some extent.

Second, the airdrop is quite clear: the project team has committed to allocating 50% of the tokens to the community. Additionally, they've designed a highly detailed and reasonable point system—this isn't just encouragement, it's strictly rewarding genuine trading activity. The points have high intrinsic value.

Lastly, although the difficulty of earning points has been increasing, we're still in an early stage. Variational has released a read-only API, but API trading is not yet enabled, and there's no mobile app yet. In short, it's competitive but not yet intense. Entering even one week earlier gives a noticeable first-mover advantage.

StandX DC character rewards to remember!

Trade points reaching 500 points to claim Active Trader character, ends on January 6
Trade points reaching 5000 points to claim Hardcore character, no deadline

Fill in the DC name and wallet address on Google Forms, the team will distribute the characters uniformly after verifying the points on January 6

https://docs.google.com/forms/d/e/1FAIpQLSfh6cWVK11mMRBtO4AYPR0yq3te4bRmAhj-nDcxeITCNOq4rg/viewform

New members should note that $DUSD redemptions have a 7-day lock-in period. This is a common setup in most crypto protocols, and the main reason for StandX is that the system needs time to exit hedging positions and for network security reasons. It prevents panic selling akin to bank runs during extreme market conditions while maintaining sufficient liquidity to meet normal demand.

This is also one reason I am optimistic about StandX; in addition to the core Delta-neutral strategy ensuring the stability of $DUSD, the team has also designed a multi-layered risk control framework to ensure system stability and the safety of user funds.

As a DeFi protocol, $DUSD faces the same risks as other protocols: smart contract vulnerabilities, protocol upgrades, and risks associated with integration with external protocols. StandX has designed corresponding risk mitigation measures:

Multiple independent audits: conducted by leading audit firms with a Bug Bounty program
Time-locked upgrades: gradual adjustment of parameters with an emergency pause function to prevent malicious contract changes
Multiple oracle price feeds: automatic anomaly detection and TWAP fallback mechanism to avoid price manipulation

At the same time, StandX has established a dedicated risk committee to review risk indicators daily, adjust parameters as needed, propose system improvement plans, and coordinate emergency responses.

StandX's risk management framework aims to be both robust and adaptable. There is no system that can eliminate all risks, but StandX's system can continuously evolve and improve its risk management capabilities based on market conditions and user feedback.

The team also encourages users to fully understand where the risks come from before using, regularly monitor protocol indicators, and participate in governance to provide feedback. The design can be said to be diligent and responsible; how well it can withstand risks will have to be tested by time.

Clicking on the date event will provide detailed information

Talus officially released the latest roadmap, let's interpret it together.

Phase One: Infrastructure Landing and Application Launch

The main goal is to lay a solid foundation and build the road. Talus mainnet is officially launched, integrating decentralized storage based on the Ocean Protocol. The AvA platform http://Idol.fun goes live, validating the technology's availability and attracting the first wave of users.

Phase Two: Decentralization and Commercialization

The core task of this phase is to empower the community with power and tools, allowing the economic model to start functioning. Transition to permissionless leader nodes and open the agency market, enabling developers and users to begin trading AI services and validating the business model.

Phase Three: Community Autonomy and Multi-Chain Expansion

Subsequently, Talus will establish a DAO, allowing community members holding tokens to decide on fund allocation and future directions through voting. Technically, breaking down barriers and being compatible with EVM and other multi-chain ecosystems will allow funds and users from other chains to smoothly enter the Talus ecosystem.

Talus aims to build an AI intelligent body network that is "memory-having, tradable, and cross-chain interoperable." In my view, this roadmap is quite pragmatic, following the classic development logic of application launch > infrastructure decentralization > ecological governance and interoperability.

From the perspective of retail investors, I suggest closely observing the data from the first phase at http://Idol.fun, as it serves as a barometer. If this application becomes popular, it indicates that Talus has the ability to attract C-end traffic, not just focusing on the underlying technology. Additionally, it is important to pay attention to the open registration of nodes and operational opportunities, as there may be profit windows.

In summary, Talus's future development roadmap is relatively clear, and one can observe three aspects to choose the timing for entry:

Short-term: The performance of http://Idol.fun and the stability of the mainnet launch.

Mid-term: The liquidity of the AI agency market and the degree of decentralization of nodes.

Long-term: Whether it can become mainstream infrastructure in the AI track through DAO and EVM compatibility.

DeAgentAI Launches Airdrop to AIAUSDT Perpetual Contract Users

Following the delisting of $AIA contracts from Binance, which resulted in losses for some contract users, the DeAgentAI project team responded immediately by launching a generous airdrop compensation program in partnership with Binance.

Compensation Scope:

• Reference Price: 0.22 USDT (covering long positions closed/settled below this level).

• Affected Period: December 11, 2025, 19:43 - 20:15 (UTC+8).

• Distribution Method: Directly credited to users' spot accounts.

The fact that the airdrop went smoothly through the exchange's internal process, directly reaching spot accounts, and was subsequently relisted on Alpha indicates that communication channels between the project team and Binance remain open, temporarily alleviating previous concerns regarding the delisting.

In the current market conditions, it's quite rare for a project team to not shirk responsibility but instead fully assume and complete the "goodwill airdrop," which significantly enhances their credibility.

Now that the compensation has been paid out and the contract has been successfully upgraded, the pricing of $AIA has become much less uncertain. We can now focus on the project's fundamentals and await further verification from business data.

Talus recently released two major announcements: Token Economics and a Blitz event in partnership with KaitoAI.

The Blitz event, running until December 18th, will see the top 150 creators driving ecosystem growth through content creation share 0.02% of the total $US supply, with 100% of TGE unlocked.

After studying Token Economics, I found that the essence of this model is to strictly limit supply (0 inflation + strong lock-up) while simultaneously forcing demand through protocol code.

A total supply cap of 10 billion + 0% inflation, with node and participant revenue requiring real income rather than diluting holders' shares, significantly eliminates long-term inflationary selling pressure.

$SUI acts as gas, with the system automatically converting a portion into $US for settlement. This means that as long as anyone uses the network, regardless of market sentiment, the system is continuously buying back $US from the open market. This provides a fundamentally supported "soft floor" for the token price.

Unlike other blockchains that only charge storage or computing fees, on Talus, every task performed by the AI ​​Agent (such as monitoring the market, automated arbitrage, and cross-chain operations) and every workflow call must ultimately be settled in $US. Developers must also stake $US before releasing tools and earning revenue. This serves as both a security deposit and value capture.

Simply put, the core logic of $US is that real demand equals token value.

With token economics in place, TGE is likely not far behind. The timing of the announcement reflects Talus's focus on quickly realizing the practical value of $US to validate the economic flywheel, rather than prioritizing speculative gains.

Investors and the team will have their TGE locked for one year, followed by linear release over 2-3 years. In simpler terms, the interests of long-term investors and the project team are more aligned. AI development is incredibly rapid, showing a trend of surpassing cryptocurrencies. Compared to specific AI products, I would prefer to invest in the infrastructure paving the way for AI. We recommend closely monitoring official developments.

The Chinese community is discussing donations and relationships, while the English community has recently exploded in the TCG scene due to a sudden event.

The catalyst is a mysterious collector who calls himself the 'Kabuto King,' who announced a crazy plan—to acquire and hoard all the 'first edition Kabuto (Fossil Armor)' Pokémon cards in the world.

Kabuto itself is quite low-profile; previously, a card was worth less than $1, but since he started his activities in August 2025, the price has skyrocketed to over $43, and some sellers have started hoarding and raising prices. According to his Twitter updates, he currently possesses over 1700 Kabuto cards.

At the same time, a meme called $KABUTO has emerged on Solana, using part of the transaction tax to fund Kabuto King’s continued acquisition of Kabuto cards.

Although many people are participating for entertainment purposes, it has still led to a community consensus in a short period, with the coin's price increasing by over 6 times at one point. Other memes in the TCG scene have also been affected and collectively saw a surge.

Kabuto King's 'violent hoarding' is not a financial innovation; it is essentially a replica of traditional market manipulation games. However, its ability to create a stir exposes a significant pain point in the current crypto market: there hasn't been a vessel that can connect the Web2 world with the same low threshold and instant attention economics as the previously popular NFTs and GameFi.

I am optimistic about the TCG scene because it combines the collection legacy of Web2 with the volatility favored by Web3. Kabuto King has proven that this card can make a splash, and the mission of TCG RWA projects like Renaiss is to normalize and financialize this primal impulse.

Renaiss is the first TCG RWA project on the BNB Chain. From the previous Aster to the recent Opinion, we can observe that the BNB ecosystem is very good at replicating the success of Dragon One in a popular track. However, for the TCG scene, the true Dragon One may not have appeared yet.

Tonight at 8 PM, Pack 4.0 will be launched, which is also the last card pack sale during Renaiss's internal testing period. The previous 3.0 sold out in just over an hour; this time it is expected to be even faster.

Last time I forgot to grab it and hit my thigh hard; those who want to participate should remember to set an alarm.

The Aster S3 data has come out

Participated on October 21, totaling three weeks, with additional funding each week, starting with 40,000 USDT in the first week, and then adding more at irregular intervals. The records here are a bit chaotic, so I can't provide a reference. By the end of the third week, it had increased to 120,000 USDT.

Total wear: 16837U
Wallet 1: 8112U
Wallet 2: 8721U

Total airdrop: 26287.66 $ASTER
Wallet 1: 12976.33 $ASTER
Wallet 2: 13311.33 $ASTER

There are still some hidden profits from other Dex points, which cannot be evaluated at the moment, estimated at 5000-10000U.

If we want to review, the return on investment is still satisfactory, but there are efficiency issues. The first week was completely unfamiliar with the operation of Perpsdex, and there were some trial and error costs, which led to not being very decisive about increasing positions.

Looking back now at the market downturn, Aster S3 is a rare opportunity to make money from information asymmetry recently. Once we become proficient in placing orders later, our data can completely increase profits, because compared to the three weeks after Aster ended, we can see that the overall trading volume doubled.

I asked friends around me who are also brushing, and using scripts can increase efficiency a bit.