An article lists 20 potential projects worth paying attention to

Odaily星球日报 · 2023-06-16T02:35:06.000Z
Original author: slappjakke.eth, encryption KOL Original compilation: Felix, PANews The market is going down, copy trading (CT) has failed, and it’s time to start slowly hoarding high-quality projects. This article is an inventory of the top 20 projects worthy of attention by encryption KOL slappjakke.eth. VELO Velodrome is the first successful ve(3,3) DEX and the only DEX that dominates TVL on a chain. It is the main liquidity center of Optimism. The fee switch with V2 will soon be launched to achieve centralized liquidity. In the future, tokens AERO will be airdropped to veVELO lockers on Base.
Original author: slappjakke.eth, Crypto KOL
Original translation: Felix, PANews
The market is going down, copy trading (CT) has become ineffective, and it is time to start slowly hoarding high-quality projects. This article is a list of the top 20 projects worth paying attention to by crypto KOL slappjakke.eth.
VEIL
Velodrome is the first successful ve(3,3) DEX and the only DEX that dominates TVL on a chain. It is the main liquidity center of Optimism. It will soon start the fee switch with V2 to achieve centralized liquidity. In the future, the AERO token will be airdropped to veVELO lockers on Base.
ARB
Arbitrum is a leader in Layer 2 and has built an impressive ecosystem. Arbitrum has strong user stickiness, and innovative projects are more willing to launch on Arbitrum than on Etherscan.
STG
Stargate Finance is a flagship project based on LayeZero technology, a cross-chain bridge and DEX connecting all chains. As more and more chains are adopted, Stargate will be in the lead, and the full-chain narrative will become more and more grand.
JOE
Trader Joe’s Liquidity Book is an innovative centralized liquidity DEX that recently launched Auto Pools (automatic rebalancing and fee compounding). Joe has the advantages of high fees for LPs, profit sharing for stakers (APR is 27%), low emissions, etc.
FXS
Frax Finance has continued to build and deliver during the bear market, quietly taking a large share of the LSD market with its innovative frxETH launch. Current products include:
frxETH (liquidity pledge product)
FraxFerry (Cross-chain Bridge)
FraxLend (lending platform)
coming soon:
frxETH v2
Frax v3
RDNT
RDNT Capital is a full-chain lending protocol based on LayerZero technology, deployed on Arbitrum and Binance Smart Chain, with more chains coming soon. With innovative token economics, RDNT has achieved dynamic liquidity and TVL growth during the bear market.
PENDLE
Pendle makes interest rate swaps more diverse by splitting the principal token PT (principle token) and the yield token YT (yield token). This innovative protocol has swept the LSD market share. Even during the bear market, Pendle's TVL is still rising, and it has occupied a higher market share in the competition with Equilibria.
GMX
GMX is a derivatives DEX protocol with rising volumes and fee revenue, and has started a real yield narrative through their GLP token, with innovative and best-in-class token economics.
Although GMX’s fee income has declined recently and its token price has taken a hit, its V2 version supporting synthetic assets is coming soon.
GNS
Gains Network is a decentralized derivatives trading platform that offers up to 100x leverage, foreign exchange and other transactions. After Arbitrum went online, Gains Network's fee income increased significantly.
LYRA
lyra Finance is an AMM-based on-chain options trading protocol where users can buy/sell call or put options on ETH, BTC, ARB, OP. Hedging LP Vaults ensure safer LPs and lower tail risk.
Lyra Finance, deployed on Arbitrum, dominates on-chain options trading volume.
THE
Thena is the leader of ve(3,3) on BNBchain, which will first realize centralized liquidity and will soon realize perpetual trading with ALPHA. All fees go to veTHE lockers.
Thena team delivers products quickly and has a dense roadmap with many upcoming products.
GND
GND Protocol is creating a highly deflationary yielding stablecoin gmUSD and uniswap v3 CL farm.
GND supply is declining, down 25% in 2 months due to buybacks, OTC buybacks and xGND locking.
LVL
Level Finance is a perp dex using an innovative risk management system. It has been charging huge fees lately (note, some say all fees are for farming incentives), and the product plans to be deployed to Arbitrum soon.
rDPX
dopex_io is a decentralized options protocol consisting of two tokens $DPX and $rDPX.
rDPX V2 is under development, which will introduce the minting of synthetic pegged assets $dpxETH by burning $rDPX (making it deflationary). dopex_io is a Gigabrain (someone who has a deep understanding of the concepts of the crypto industry) team, the DAO is well-funded, and has excellent Meme genes.
BTRFLY
Liquidity bribery market operator RedactedCartel is building products on top of Curve, Convex, Frax, Balancer, and Aura ecosystems. It is a strong builder with a large DAO treasury and builds high-quality products.
Products included:
Hidden Hand (Bribe Market)
Pirex (automatic compounding)
coming soon:
Dinero (stablecoin)
AURA
Aura Finance is the yield aggregator, meta-governance platform and bribery market of the Balancer ecosystem, controlling 31% of veBAL and will soon be released on Arbitrum.
STX
Stacks is creating an L2 smart contract layer for Bitcoin. Stacks is to Bitcoin what Arbitrum and Optimism are to Ethereum.
Stacks has introduced a new consensus mechanism: Proof of Transfer (PoX) consensus mechanism. However, the confirmation time of the current version of Stacks is very slow, but the Nakamoto Release plans to fix this problem.
BIT (MNT)
Mantle is launching a modular Layer 2 rollup on Ethereum, backed by the $3 billion Mantle DAO and offering multiple grants and incentives to attract builders and users.
The last two projects are relatively high-risk, so pay attention to your own risk management.
fbomb
fBomb Opera is a deflationary farming token with 20+ flywheels and farms on different ve (3, 3), DAO bribes and accumulates veNFT. fBomb Opera always maintains 100% APR and can follow the market well.
Meanwhile, fBomb Opera’s burn rate has been steady, with over 10% of supply burned in the past 6 months.
UNIBOT
Team Unibot created a Telegram bot where users can paste the contract address in the TG chat to make transactions.
But to ensure safety, users are requested to use a new wallet. So far, Team Unibot's transaction volume has exceeded 10 million US dollars.
Sniper Robot
Copy whale trades
Additionally, Team Unibot migration and staking as well as fee sharing features will be available soon.
It is important to note that while slappjakke.eth makes the above recommendations, some of these projects may not survive the bear market. Especially now is a risky time to invest, we are in a bear market and prices may continue to fall. DYOR.