After breaking through 31,000 two weeks ago, Bitcoin fell back to around 29,000. It seems difficult to get high returns from speculating in cryptocurrencies, but new projects are increasing and project owners are still working hard. At this time, we need to change our perspective and focus on the new projects themselves. BlockBeats has compiled a list of new DeFi projects worth paying attention to recently, which may include the next Alpha, as follows:

Pound Swap

Pound Swap is a community-driven, ve(3,3) liquidity book DEX built on zkSync, providing a powerful trading platform for DeFi liquidity and token swaps. As a fork of Trader Joe Liquidity Book, Pound Swap is similar to Traderjoe LB in design and functionality, providing users with a zero-slippage, capital-efficient AMM solution. Pound Swap is the first DEX to combine ve(3,3) with Liquidity Book, and the first attempt to combine LB with ve(3,3), hoping to provide a fairer and more efficient solution for liquidity management and token incentives. Pound Swap is not yet online, so you can follow its launch progress.

Pound Swap features are:

-Zero slippage: Traders can swap tokens on the platform with zero slippage.

-Surging Pricing: LPs earn additional dynamic fees during periods of volatile market conditions.

- High capital efficiency: Liquidity books can support high-volume transactions with low liquidity requirements.

-Flexible liquidity: LPs can build flexible liquidity allocations based on their own strategies.

Mori Finance

Mori Finance is the next generation native stable asset DeFi protocol on Ethereum. It generates low-volatility stable assets by pledging ETH without any losses. In addition, users can choose to create asset derivatives (ETHS, ETHC) as hedging assets against ETH price fluctuations, so that they can hold ETH long positions for free without facing liquidation risks. It is currently in the testnet stage.

Previously, there were stablecoins targeting ETH, such as LUSD, but these stablecoins have limitations in capital efficiency and scalability, and lag behind fiat-backed stablecoins in terms of volume. Mori Finance proposes to divide the volatility of ETH into low-volatility stable assets and high-volatility derivative assets. Taking ETH as an example, users can choose to hold high-volatility ETHC (ETH Coin) assets and low-volatility ETHS (ETH Stable) assets according to their risk preferences.

ETHS is a stablecoin token backed by ETH, which can minimize asset volatility and is a low volatility token. In addition, you can earn additional LP (ETHS/USDC) income. ETHC is designed as a leveraged long ETH perpetual token, which can be used to leverage long ETH without forced liquidation. The token also has an emergency control mode that can reduce the leverage multiple of ETHC.

Currently, the protocol only supports stETH as collateral. Users can decide the ratio of your ETH to be split into ETHC and ETHS. The price change of ETHS is 10% of ETH. For example, if ETH rises by 10%, ETHS rises by 1%.

Zephyr Protocol

Zephyr Protocol is a stablecoin protocol that combines the privacy of Monero with a 3-token model. The 3 tokens are:

-ZEPH (base token)

-zephUSD (stable token)

-zephRSV (reserve token)

ZEPH can be obtained through mining and used to over-collateralize zephUSD (with a coefficient of 400%), and there is a supply cap. The disadvantage of ZEPH is "low availability" and it can only be purchased on Seven Seas. To some extent, this is also part of its "privacy", and the protocol is currently in beta. Zephyr inherits the privacy function of Monero, and its highlight is the decentralized, privacy-oriented stablecoin. The conceptual innovation of this protocol comes from "Djed, the first decentralized stablecoin on Cardano". In order to bridge the gap between privacy and stability, Zephyr uses the mechanism of Djed Protocol and combines it with the powerful privacy functions inherent in Monero. It is also the industry's first over-collateralized stablecoin for privacy, or a major leap in the development of crypto.

Galador

Galador is a DEX built on the Mantle network, whose goal is to provide the most liquid market for DeFi infrastructure, traders, LPs, DAO vaults, and developers based on the Mantle network. The protocol is different from traditional DEXs, focusing on customized methods for providing liquidity types, prioritizing its composability.

Features of Galador after the mainnet launch include:

-Dual AMM model, supporting swaps for volatility (UniV2) and stable assets (Curve-like)

- Centralize liquidity to achieve higher capital efficiency

-LP provides liquidity to earn platform token GLDR

- Obtain mining and platform income by staking platform tokens.

Currently, Galador supports the Mantle testnet and is preparing to launch one of the DEXs on the Mantle mainnet Alpha in the near future. The token has not yet been issued, so users can ambush in advance and get water on its network to swap and add liquidity. There may be good news in the future.

OmxLab

OmxLab is a newer one of these projects, with its social media account launched in July. Omx is similar to GMX and is a fork of GMX. It features support for up to 50x leverage and zero slippage. The reason it deserves attention is that this DEX is built on Osmosis and aims to transform Osmosis into a comprehensive "universal trading center", improve capital efficiency and provide a seamless trading experience for Osmo users.

Its transaction functions are as follows:

Trading: Zero price impact trading, up to 50x leverage, zero spread on blue chip assets, no counterparty risk environment;

Integrations: OMX seamlessly routes liquidity between margin trading, IBC-enabled DEXs, and EVM-based DEXs, ensuring optimal utilization of assets;

Liquidity: Experience unified liquidity depth across various multi-chain networks in the Cosmos and EVM ecosystems, including support for wallets such as Metamask;

Chain: OMX will initially be deployed on Osmosis and Polygon, and may be expanded to more chains in the future.

In addition, OmxLab is also the winning project in the first Delphi Labs hackathon. It currently supports Keplr wallets, and DEX supports 4 tokens, namely BTC, ETH, ATOM, and OSMO.