A Quick Look at 10 DeFi Protocols to Watch in 2023
Original author:Thor Hartvigsen, DeFi researcher
Original compilation: Leo, BlockBeats
, DeFi researcher
Uniswap
Original compilation: Leo, BlockBeats
The industry reshuffle in 2022 is bound to bring new changes to encryption in 2023. One of the more concerned "changes" is that DeFi has once again rushed into people's field of vision. DeFi protocols and related research and analysis have emerged in an endless stream recently; People are very optimistic about the DeFi track in the next cycle; DeFi Summer may make a comeback. DeFi researcher Thor Hartvigsen wrote an article on "10 DeFi Protocols You Should Pay Close Attention to in 2023", compiled and compiled by BlockBeats as follows:
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Another important factor is Uni treasury, we may consolidate for a while, large treasury = great future
Trader Joe
Uniswap has by far the largest vault, even though 100% of it is UNI, which has fallen significantly.
Trader Joe is also an agreement with a promising future in the AMM field. It was launched on the Arb chain in December and will expand to more cross-chains this year.Click to learn
Dopex
Additionally, Trader Joe’s launched the highly anticipated Liquidity Ledger, which introduces centralized liquidity pools in a different way than Uni V3, with one difference being the ability to distribute liquidity unevenly.
2022 is dominated by a strong narrative around decentralized perpetual transactions (including GMX, Gains, and various forks), which is accompanied by the question of whether decentralized options will become the next mainstream. In fact, options Intrinsically more complex.Click to learn
Lyra Finance
Some protocols that can deliver products in an easy-to-use way may see a lot of liquidity inflows this year, and Dopex is one such platform that can achieve this goal through multiple products.
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Rocket Pool
Lyra Finance is also an options protocol to watch, currently on the OP chain, but a governance proposal to launch on Arbitrum and use GMX perpetuals as a source of liquidity was recently approved.
Although the price of the token has dropped, the Daily fee has risen sharply from earlier this year and has shown a steady upward trend. Changes in incentives have further led to LYRA, which has almost no incentives for protocol users. Lyra has a strong token economy and a complete product .
Another new narrative in my research is Liquid Staking Derivatives (LSD). LSD token allows investors to obtain staking benefits when using other DeFi base tokens. Among most L 1, ETH has the lowest staking ratio at only 14 % .articleRocket Pool is a strong contender to emerge from this narrative because of its relative size, recent rise in popularity, and having some unique features, jasper.lens wrote
Frax Finance
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GMX
Frax Finance is a new entrant in the LSD field, with a large amount of liquidity inflow recently. This model allows users to receive frxETH, which can be used for LP (frxETH/ETH) in the curve pool or pledge on Frax Finance (sfrxETH).
Only sfrxETH can get ETH staking rewards, which leads to higher APR, because not all staked ETH is rewarded in the curve pool.secondary title
Some potential headwinds this year: regulatory uncertainty, protocols that distribute revenue to token holders that look very much like securities; persistently low trading volumes, as we have seen recently, low interest rates among GLP and GMX holders APR; Increased Competition. I was previously about
Chainlink
Some positives for this year: 2023 may be the year GMX launches synthetic transactions and other products that may increase user adoption and transaction volume, and it will get even better in the future.
Aave
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2022 is a critical year for Chainlink, with the launch of Staking, Chainlink BUILD and Chainlink SCALE, all of which are part of Chainlink Economy 2.0.
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- 7th largest protocol for fees generated in 2022, GHO over-collateralized stablecoin coming soon, fees rumored to be paid to AAVE stakers;
zkSync
-Starknet start;
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