I've been following the Walrus new DeFi protocol recently, and honestly, some of its design ideas are quite interesting.

First, let's talk about liquidity. Walrus didn't follow the traditional route of integrating liquidity pools; instead, it achieves cross-chain liquidity dynamic allocation through smart contracts. What does this mean? When users participate in mining, they don't have to hop back and forth between different blockchains, saving on Gas fees and improving capital utilization. For those who operate frequently, the user experience difference is quite noticeable.

Next, let's look at yield distribution. Besides the standard sharing of transaction fees, $WAL holders can participate in ecosystem governance through staking, voting on protocol parameters. In other words, liquidity providers become governance participants, which is a more thorough implementation of the DeFi decentralization philosophy.

The most interesting part is its recent launch of an NFT+DeFi innovative segment—users can use NFTs as collateral to participate in liquidity mining. This not only gives NFTs a new use case but also introduces more diverse asset types into the DeFi ecosystem. Currently, the DeFi market is somewhat homogeneous, and Walrus's combination seems aimed at breaking this situation.

In the long term, $WAL still has growth potential in the cross-chain DeFi track. The upcoming ecosystem updates are worth paying attention to.