DeFi· ★★★· bullish· October 3, 11:13

Dogecoin DeFi project DogeOS opens public testnet with trading, lending and stablecoins

—The testnet went live on Wednesday with fees paid in test DOGE
—Lending services, trading platforms and crypto-backed stablecoins are already in development
—The first version is permissioned: sequencers and TEE validators are chosen by the team
—Miners will only validate once OP_CHECKZKP ships, and its implementation is still a draft

Why it matters: DOGE, worth roughly $13 billion, has few real uses; DogeOS could give holders utility, but the system is centralized for now.