With the full revival of DeFi, major public chains are embarking on their own Renaissance journeys in the DeFi space. The DeFi Renaissance of public chain ecosystem Dapps relies on three key factors: timing, environment, and human effort. The rotation of popular sectors bringing attention back to DeFi is the timing; the unique ecosystem aligned with the underlying architecture of the public chain is the environment; and the strong support from public chain foundations for ecosystem protocols is the human effort. Previously, we introduced @rhea_finance as the most critical niche in the DeFi Renaissance within the @NEARProtocol ecosystem. In this thread, let’s talk about another high-performance public chain, @SeiNetwork, and its pivotal role in the DeFi Renaissance through its ecosystem niche - @TakaraLend. The TVL on @SeiNetwork continues to climb and is about to surpass its previous high. As the second-largest DeFi protocol on the Sei chain, @TakaraLend has made significant contributions, with $134 million in TVL, accounting for approximately 23.17% of the chain’s total TVL. @TakaraLend is positioned as the decentralized money market protocol on the Sei chain. Unlike other money markets, Takara aims to build a programmable credit layer based on the money market, tightly integrating DeFi with real-world payment systems. On the product functionality side, @TakaraLend supports strategies like stablecoin cyclical lending and DeFi stacking for SEI LST. For example, stablecoin holders can supply USDC/USDT to borrow SEI, then stake it via @splashing_xyz to receive LST tokens like spSEI, and finally deposit spSEI into Takara’s lending pool to achieve multiple layers of DeFi yield. Currently, the yield and depth of the USDT/USDC stablecoin lending pools are performing well, as shown in the chart below: Lastly, let’s talk about how to participate in @TakaraLend: Takara recently launched the Karats points system. Since @TakaraLend has not yet issued tokens, these points are highly likely to be tied to potential future airdrops. Users can earn points by providing liquidity in the @TakaraLend protocol, and they can also earn 5% of the points of those they invite through the referral mechanism. More detailed rules can be found in the official documentation. Feel free to use my referral link or not, DYOR: https://app.(takaralend.com)/leaderboard?code=yyy That’s all.