Just read this article about yPUSD from @Phnx_fi. The most interesting part for me does not sit in the yield number, but in the primitive itself. A stable asset that appreciates over time fundamentally changes how collateral, leverage, and risk management behave across DeFi.  Lending positions gain structural resilience, liquidation dynamics improve, and capital stops fighting entropy by default. This feels closer to programmable money than another yield wrapper. The design pushes DeFi one step closer to systems that compound automatically. With Phoenix Mainnet launching tomorrow, January 21st, this design choice feels especially timely. The full breakdown is worth a read 👇🏻