Narrative 1: LSDfi
In recent months, the popularity of Liquidity Staking Derivatives (LSD) has exploded, triggering another wave of DeFi. LSD is a new type of token that enables stakers to increase their potential returns by releasing the liquidity of their staked cryptocurrencies (such as ETH). The second-layer ecosystem built on LSD is bound to become a narrative that all DeFi enthusiasts will participate in.
Related Projects:
• $USH
@unsheth_xyz recently launched a governance system to balance the degree of decentralization between LSD protocols • $SD
@staderlabs launches $ETHx, claiming to maximize ETH staking rewards • $FIS
@StaFi_Protocol• $PENDLE
@pendle_fi
Narrative 2: The Battle of DEX
A number of DEXs have begun to use advanced models such as ve(3,3) and centralized liquidity. If the project can win public attention, it will inevitably usher in the next round of DEX craze.
Related Projects (1):
• $CHR
@ChronosFi_ is a DEX on arbitrum, which has reached a TVL of $250 million within a week of its launch, but the potential of the project depends on whether more protocols will launch tokens on this platform
• $JOE
@traderjoe_xyz launched Liquidity Book V2.1, which improves almost all aspects of the current AMM algorithm.
Related projects (2):
• $CRV
@CurveFinance Newly launched triple pool LP tokens such as USDT-WBTC-WETH have great potential to beat Uniswap. • $GRAIL
@CamelotDEX is off to a great start on Arbitrum and will continue to grow, so keep an eye on its performance over the long term.
Narrative 3: RWA
There are some real builders building the RWA space. They are fighting against regulations. Once they find a breakthrough, they can connect Web3 with the real world. Be sure to pay attention to this space. The time will come sooner or later.
Related Projects (1):
• $CFG
@Centrifuge is the first project to do#RWA(Real-World-Asset) on @MakerDao. The concept of#RWAhas become popular this year, and Centrifuge is the most promising project in the RWA concept. According to the official website data, Centrifuge has raised more than $385 million, and its TVL has doubled compared to last year.
Related projects (2):
• $TRADE
@Polytrade_fin is the hottest lending protocol on polygon, dedicated to bringing sustainable real-world asset returns to DeFi.
For more RWA projects, there are @maplefinance, @TrueFiDAO, etc. You can also follow this board:
https://app.rwa.xyz/#investments
Narrative 4: Decentralized Stablecoins
Stablecoins are the foundation of the entire ecosystem. With the recent turmoil of $USDC, decentralized stablecoins have once again gained attention. Once the newly launched stablecoin projects are proven to be efficient and stable, they will surely be adopted on a large scale, and the native tokens of the project parties will surely skyrocket.
There are currently two projects emerging:
• $FRAX from @CurveFinance and @fraxfinance
When $crvUSD is listed, all fee profits will be paid to $CRV stakers, and the DEX war will heat up again;
Rumor has it that @fraxfinance will launch v3 and $FRAX will return to 100% collateralization and start printing money again.
Narrative 5: The Battle of Yields
More and more users will trade for yield, a clear example of this is the huge recent growth of @pendle_fi.
• $PENDLE
@pendle_fi focuses on "Buy discounted assets". More protocols will join in. The demand for $PENDLE in the market is surging, so be sure to pay attention. • $IPOR
@ipor_io just launched V2 of its DeFi-focused credit hub. • $FLASH
@Flashstake provides immediate upfront returns.
Narrative 6: DEX supports leverage
I don’t understand why CEX can do contracts but DEX can’t. I will keep paying attention to this field.
Related Projects:
• $GMX
@GMX_IO The current king will soon launch v3 • $MUX
@muxprotocol’s trading page is almost the same as CEX, it is very easy to use, and the price of derivatives is also very stable • $LVL
@Level__Finance used to be in the leading position in the BNB chain, but later it didn’t do so well, DYOR!