Binance bets on Arbitrum? What other projects are worth focusing on?
On March 30th, Binance once again announced the launch of the native token RDNT of the Arbirum ecosystem Radiant Capital. After supporting Arbitrum ecosystem projects such as MAGIC, GNS, and GMX, Binance once again supported Arbitrum on the main site. The market began to look forward to the next new project that might be listed on Binance.
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Camelot（GRAIL）
Camelot is an efficient DEX designed to support the Arbitrum ecosystem by building flexible and sustainable liquidity, and can provide new protocols on Arbitrum with all the tools needed to launch, guide liquidity, and sustain growth. Camelot hopes to create an innovative emission strategy that leverages sustainable token economics to align incentives with builders, users, and protocols in pursuit of sustainable returns.
According to the information on the official website, the total amount of GRAIL is only 100,000, and the current circulation is 73,506. According to the distribution plan announced by Camelot, GRAIL for public sale accounts for 15% of the total supply. Of the remaining portion, 22.5% will be allocated to the liquidity mining plan for the next 3 years, 15% will be used to provide liquidity for the protocol, and 32% will be allocated to core contributors, partners, and advisors. The full unlock time of GRAIL allocated to the team/partner/consultant portion is 3 years.
According to the data released by Arbitrum, Camelot can get 2,189,094 ARB airdrops from Arbirum DAO, ranking 18th on the list.
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Vela Exchange（VELA）
Vela Exchange is a decentralized perpetual contract platform, which aims to improve the transaction speed and security of DeFi derivatives by using the hybrid mode of off-chain order book and on-chain settlement. According to official documents, Vela users can build positions based on the performance of synthetic assets, with leverage up to 100 times. Vela Exchange's reward structure is carefully balanced to manage token and reward supply while maintaining high incentives for liquidity supply and transactions.
The total supply of VELA is 50 million pieces, 30% of which will be used for community incentives, and the annual usage is limited to 5%. These funds will be used to reward liquidity providers, market makers, beta testers, and other incentives. 19% of supply will be reserved for future grants, DEX liquidity, market maker allocation for CEX, and liquidity supply incentive programs. 5% of the supply will be used for marketing rewards such as airdrops, KOL partnerships and other partnerships are limited to 2% per year. 16% of the supply goes to the core team, with a 6-month lock-up period, and then linearly unlocked within 36 months. 2% of the supply is allocated to advisors, with a 6-month lock-up period and a linear unlock over the next 18 months. The last 5% is reserved for future investors.
Judging from the data released by Arbitrum, Vela Exchange can only get 75,000 ARB airdrops from Arbirum DAO, and it ranks at the bottom of the list together with other projects.
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PlutusDAO（PLS）
Plutus is an Arbitrum-native governance aggregator, designed to maximize the liquidity and rewards of users within the ecosystem, while aggregating the governance influence of its governance token PLS. Plutus aims to be a Layer 2 governance center for projects using veTokens. Plutus currently has two main products: plsAssets and plvAssets. plsAssets is related to governance aggregation and maximizing users' liquidity and rewards, while plvAssets is a convenience treasury product for scaling user rewards here.
PLS is the original Token of PlutusDAO, which controls the voting of the agreement to lock the asset basket and obtain income from the basic Token. By holding PLS Token, users can have an impact on more and more protocols, including Dopex, Radiant, Sperax and Jones DAO. Although the early PLS only had governance functions, the possibility of bringing benefits to PLS holders has been explored.
35% of the total supply of PLS will be used for platform rewards to incentivize future products, 15% will be used for liquidity mining rewards, and 13.8% will be used for project operations, including operating community-driven activities, future incentives, and incentive contributors , exchange between DAOs, etc. 10% is used to acquire assets important to the Plutus ecosystem. 10% for public offering. 4.2% will be used for private placement, and all funds will be used to ensure the long-term development of Plutus. 12% belongs to the Plutus team. This part of the Token has a lock-up period of 3 months and will be unlocked linearly within the next 18 months.
According to the data released by Arbitrum, PlutusDAO can get 2,704,175 ARB airdrops from Arbirum DAO, ranking 12th on the list.
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Dopex（DPX）
Dopex is a decentralized options protocol in the Arbitrum ecosystem, designed to maximize liquidity and the benefits of options buyers and sellers. Dopex has designed its own Single Staking Option Vaults (SSOV) model, which allows users to lock up Tokens within a specified period of time, and use these pledged assets as call or put options at fixed execution prices selected on different expiration dates sell.
Unfortunately, currently Dopex only supports Arbitrum and Polygon networks, not BSC.
Dopex adopts a dual currency model, DPX is the governance and fee accrual Token of the protocol, and rDPX is the rebate and incentive Token.
DPX has a limited supply, with a total of 500,000 pieces, which are used to vote on proposals at the protocol and application level, and generate fees and income in protocol-based liquidity pools, treasuries, and wrappers after each cycle (Epoch). The allocation of DPX is: 17% reserved for operations, 15% for liquidity mining, 30% for platform incentives, 12% for the founding team, 26% for early investors and Token sales, including 11% for early investors and 15% for Token sales.
According to the data released by Arbitrum, Dopex can receive 3,863,107 ARB airdrops from Arbirum DAO, ranking fifth on the list.
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Jones DAO（JONES）
Jones DAO is a yield, strategy, and liquidity protocol for options, with a vault that provides one-click access to institutional-grade options strategies, while unlocking the liquidity and capital efficiency of DeFi options through asset tokens backed by yield options. At present, Jones DAO has established cooperative relations with several major protocols in the Arbitrum ecosystem. According to the official website data, the current TVL of Jones DAO is 40,661,983 US dollars.
Jones DAO mainly targets three types of users:
· Users who do not want to actively manage their policies and/or want to utilize the vault to deploy policies.
· Users who do not want to lock up Token, but want to maintain Token liquidity.
· Protocols that wish to earn additional returns on their funding positions.
According to the data released by Arbitrum, Jones DAO can receive 2,317,864 ARB airdrops from Arbirum DAO, ranking 16th on the list.
According to nomics data, in the past 24 hours, the transaction volume of JONES on the Arbitrum network was 1.39 million US dollars, ranking 12th on the network's transaction volume list.
