California is planning to hit billionaires with a new one-time wealth tax in 2026, and it sparked loud warnings from tech and crypto founders about an “innovation exodus.” However, crypto markets did not swing on the headlines, but the battle over where builders live and launch still shapes where new projects list, hire, and pay tax. For us, this fight decides whether the next big exchange, wallet, or DeFi app launches in the US or somewhere more crypto friendly. Investor Chamath Palihapitiya says Calif ...

User Experience & Design - ShapeShift aims to eliminate friction in DeFi app usage through a refined interface designed for clarity, speed, and self-custody [1] - The new interface features a prominent Swapper for instant market access with a fluid and intuitive layout [1] - Navigation is simplified with a clean top bar for a faster and more familiar experience [2] Technology & Performance - ShapeShift's core is powered by Liquify, providing faster and smoother swaps, greater reliability, and flexibility for blockchain expansion [2] Core Principles - ShapeShift maintains its commitment to self-custody, eliminating accounts, custodians, and limits [3] - The platform offers open-source tools for full control over digital assets [3]

Overview - DeFi 行业需要简单易用且人人可访问的应用程序，Defi app 正在朝着这个方向发展 [1] - Defi app 旨在成为去中心化金融的用户友好型入口，专注于用户的 DeFi 策略 [1] User Adoption & Growth - Defi app 处理了超过 110 亿美元的交易量 [3] - Defi app 拥有超过 35 万用户 [3] - Defi app 在上线后被评为交易量最高的 DEX 之一 [3] Token Utility ($HOME) - $HOME 总量的约 272%（27.2 亿）在流通 [3] - 80% 的收入用于 $HOME 回购（销毁 + 质押奖励），20% 用于国库 [3] - 质押 $HOME 可以获得奖励，提升治理影响力，并与生态系统增长保持一致 [3] Governance - 质押 $HOME 意味着拥有投票权，更长的锁定期意味着更大的权重 [3] Risk Disclosure - 披露已投资 HOME，建议进行独立研究 [2]