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Source: Overheard on CT (tg: @overheardonct), Kaito

Below is the Chinese translation of the original content:

[STBL]

With a major brand upgrade and transition to a “Stablecoin 2.0” infrastructure, STBL has gained significant market attention. This transformation focuses on institutional-grade reliability, real-world asset (RWA) integration, and compliance building. Community discussions center on the protocol snapshot vote scheduled for December 28 and active social engagement campaigns to boost its ranking on Kaito. Users are particularly interested in the protocol’s unique architecture, including ecosystem-specific stablecoins (ESS), money-as-a-service (MaaS) framework, and a three-token system (USST, YLD, $STBL) that separates principal and yield via non-fungible tokens (NFTs), while also recognizing the high-yield returns from its multi-factor staking mechanism. (Reference sources: ref0 – ref6)

[ZAMA]

Today’s community discussions revolve around the major announcement of exclusive benefits for Zama’s early non-fungible token (OG NFT) holders. Holders will gain exclusive rights to purchase $ZAMA tokens at a fully diluted valuation (FDV) of $55 million, significantly lower than the rumored $1 billion valuation, with no lock-up period. This news has sparked enthusiastic community reactions, with members calculating potential returns of up to 18x. Additionally, Zama joining the x402z cross-chain payment alliance (A2A Payment Alliance) and receiving a nomination for “Best Privacy Project” award have further fueled market excitement. (Reference sources: ref0 – ref4)

[LIGHTER]

Community discussions on Lighter ($LIT) focus on strong anticipation for its upcoming token generation event (TGE) and airdrop, widely expected to launch around December 29. The protocol has gained significant attention after listing pre-trading on major exchanges like Binance and MEXC, with current implied fully diluted valuation (FDV) ranging between $3 billion and $5 billion. While most community members compare its valuation to Hyperliquid and discuss its zero-fee trading model, some discussions point out metadata confusion in Binance’s pre-trading market, with users reporting incorrect display of information related to the old project Litentry. (Reference sources: ref0 – ref4)

[AAVE]

Aave is currently embroiled in a major governance conflict, dubbed by the community as a “civil war” between Aave Labs and Aave DAO, centering on ownership of protocol intellectual property, brand assets, and frontend revenue. The conflict was triggered by Aave Labs transferring swap fees to its own wallet without DAO approval, sparking debate over whether the DAO (supported by independent service providers) that maintains the protocol’s core “engine” should also own its “face” (interface and brand). Additionally, disagreements exist over the strategic transition from V3 to V4. This series of internal frictions has led to a significant drop in AAVE token price and heightened market concerns about alignment between private equity and token holder interests. (Reference sources: ref0 – ref4)

[OPENMIND]

OpenMind (OPENMIND) has garnered widespread attention due to its OM1 system upgrade announcement, introducing privacy-oriented features like identity management and fall detection for home robots. Investors and tech enthusiasts are particularly focused on the project’s strategic integration with NEAR Protocol’s AI cloud and the launch of “BrainPacks” based on NVIDIA Jetson Thor chips, further solidifying its leading position in the “Physical AI” and decentralized robotics space. (Reference sources: ref0 – ref4)

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