Finally seeing 0-to-1 mechanics in crypto again.

Feels like since 2022 we've recycled similar models, but a few apps are actually building new mechanics this cycle:

- @papertrade_xyz: $PAPER mints when you lose trades, and the LP grows from those losses. Fair launch is great.

- @Euphoria_fi: tap-to-trade derivatives that are actually fun to play. Mobile-first contrasts with PC-optimized old DeFi apps. Gotta try before having an opinion.

- @hitdotone: 666x leverage but... on a random direction.

- @apyx_fi: stablecoin yield comes from preferred-equity dividends paid by public companies like MSTR.

What other apps with actual new mechanics did I miss? Priority for tokenless projects.

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