Yesterday, coincidentally, I was chatting with a brother whom I have known for a long time and have been working on the structured Defi track (@ sigmadotmoney) at Bnbchain. I found out that although the market is changing, they are still working hard to update their products and the team has even hired new members. To be honest, I'm a bit surprised, after all, many projects that have issued coins now, even at the Heavenly Death level, are lying idle. I glanced at them and noticed that their Twitter updates are quite frequent, so I was curious and took some time to experience their new product. Although the UI looks a bit simple, it logically solves a pain point: When you make money by going long, traditional trading platforms can only choose between closing positions to lock in profits or continuing to hold positions to bet on price increases. Sigma's Mint feature allows you to safely withdraw your capital and continue riding the trend with remaining profits, which is indeed an operation that traditional CEX cannot achieve. I am a dead long of BNB. Previously, I mostly went long on Binance, but when the market comes, I do need to continue paying capital fees, especially when the trend comes, the long-term holding fee is also a significant expense. They pioneered a "Volatility Tranching" mechanism on the BNB Chain, which splits income oriented BNB assets into two parts: the stable end (bnbUSD, eating BNB staking income) and the volatile end (xBNB, retaining price exposure and leverage). This is equivalent to replacing capital costs with returns, fundamentally eliminating the holding costs of long positions. Overall, I think this product is still suitable for users who understand DeFi mechanisms, are bullish on BNB, and can bear the risk of protocol zeroing. But now there are also some flaws, which I have pointed out to him 1. At present, the product is only in the long direction of BNB, where you can go long and earn profits at the same time. However, the founder told me about an alpha and said that the Mint short opening function is about to be launched, which is indeed more suitable for the current market. 2. The UI is slightly rudimentary (but considering that real Defi players don't care so much about the interface) ） There are not many teams willing to bury their heads in developing and making products now. Write down your experience with code words. Brother said that their cooperation with Ondo is already on the way and will be launched in April. He wishes them all the best and hopes that more resilient teams will survive the cold winter when the bull market comes. This article provides friendly support. It's been a long time since I introduced DeFi products in detail. To avoid any potential harm, I would like to add a small banner