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Today I want to discuss a direction that I think is "more like the next phase of DeFi infrastructure": the interest rate/yield trading market. RateX is a leading project on Solana that specializes in interest rate splitting (PT/YT) and leveraged interest rate trading, and has received a Solana Foundation Grant. It’s not just building a small application, but rather creating a "structured financial layer"—transforming the yield curve into an asset that can be traded, priced, and hedged just like perpetuals. $RTX