DePinFi: The Rise of a New Form of DeFi and Aethir's Innovative Practices

In the Web3 field, various financial innovations are emerging endlessly, and DePinFi, as an emerging form, is attracting more and more attention. Compared to traditional DeFi models, DePinFi's uniqueness lies in its underlying support of a large number of physical devices that continuously perform various infrastructure tasks. This model is somewhat similar to Bitcoin's Proof of Work ( POW ) mechanism, thus gaining the favor of many supporters.

The core of traditional DeFi is financial services, aimed at facilitating the flow of funds among various sectors of society. However, most DeFi projects in the Web3 industry tend to be limited to internal capital circulation within the industry. In contrast, DePinFi projects, such as Aethir, which focus primarily on AI and cloud computing, cater mainly to enterprise-level clients. This means they can obtain relatively stable and continuous income from outside of Web3, thereby providing stronger cost support and higher quality capital circulation for their DePinFi ecosystem.

The development of Aethir in the DePinFi field can be divided into three stages:

1. First Generation DePinFi: Aethir Native Staking Pool Aethir provides two native staking pools: the Game Pool and the AI Pool. Stakers can earn veATH to participate in ecological governance, but it cannot be transferred or traded.

2. Second Generation DePinFi: Aethir collaborates with EigenLayer Aethir's GPU computing network is integrated into the EigenLayer ecosystem as a self-verification service (AVS). Users can stake ATH to receive eATH, which can be transferred and traded. Currently, approximately 823 million ATH have been staked on EigenLayer, equivalent to a total locked value of about 23 million USD (TVL).

3. Third Generation DePinFi: Aethir partners with Pendle This is a further innovation based on the second generation. Users can convert eATH into SY-eATH, which can then be split into the principal token PT-eATH( and the yield token YT-eATH). PT-eATH offers a stable yield, while the yield of YT-eATH comes from the market's expectations of future returns on eATH.

This innovation offers users a variety of investment strategies, including risk strategies, conservative strategies, hedging strategies, liquidity strategies, and arbitrage strategies. According to Pendle data, within just one month of the collaboration going live, the TVL of eATH has approached $480,000, with a 24-hour trading volume of $173,000.

Aethir's collaboration is not limited to the financial sector. Its partnership with Layerzero enables ATH to become a cross-chain asset; collaboration with Filecoin creates new decentralized computing and storage solutions; working with Token Terminal provides on-chain data statistics for the DePin ecosystem; partnerships with public chains like Avalanche and Solana introduce AI computing resources; it also provides cloud gaming infrastructure for gaming ecosystems such as Reality and Beamable.

Through these substantial collaborations, Aethir continuously promotes the development of DePinFi, setting a new standard for the entire industry. However, it is worth noting that not all DePin products can replicate Aethir's successful model. Only truly valuable infrastructure, a stable customer base, clear demand, and sustainable revenue sources are the keys to the long-term development of DePinFi.