Compilation of the original text: Deep Tide TechFlow
Compilation of the original text: Deep Tide TechFlow
In this post, crypto analyst Trissy goes on to discuss some small cryptocurrency projects based on Arbitrum deployments. With the impending liquidity airdrop, these projects could be the next big thing.
FactorDAO ($FCTR)
MC: $8 million
FDV: $53 million
TVL: not applicable
Factor is a newly launched protocol that offers a unique strategy for tokenizing baskets.
It allows users to create token baskets containing multiple assets, and users can freely choose the asset mix and degree of diversification.
Got a favorite VC or whale you follow? Now you can replicate their investments without paying attention to their every move. Derivatives and yield pools also benefit from their modifications to the ERC-4626 framework, allowing unique yield farming or market neutral strategies to be launched.
Perpy($ PRY)
FDV: $20 million, public sale in progress.
Perpy is a decentralized social trading application built on top of GMX, which allows users to provide liquidity to traders with good trading performance to obtain income.
By creating a vault, traders can add performance fees for replicating their strategies. Trading is not easy, all you have to do is provide liquidity and let them trade for you without you having to make hard execution decisions.
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ByteMasons ($OATH)
MC: $32 million
FDV: $122 million
TVL: $22 million
The Byte Mason team is highly respected in the DeFi space, and they have built several core protocols, all of which can interact and promote each other.
This ecosystem includes the following projects:
Reaper Farm (yield optimizer)
GranaryFinance (lending market)
EthosReserve (CDP Stablecoin)
Reliquary (new yield primitive based on maturity date)
Moon (social starter app)
Camelot($GRAIL)
MC: $41 million
FDV: $420 million
TVL: $82 million
Camelot is an Arbitrum-based decentralized exchange with the token $GRAIL. This exchange is known for its dual AMM model, which allows traders to get better slippage.
Camelot leads innovation with its spNFT receipt. Essentially, this gives you a yield-bearing NFT that can be locked for a higher APY. It comes in various sizes and you can top up, split and combine them.
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Pendle($PENDLE)
MC: $32 million
FDV: $78 million
TVL: $38 million
Pendle is a platform that optimizes returns with dual yield tokens that allow you to hedge positions based on your judgment of the market.
This unique token economic model forms an income flywheel, i.e. the more vePENDLE you stake, the more incentive channels you have. By locking tokens, more supply is removed from the market, and stakers can earn up to 250% annualized returns.
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Vela($VELA)
MC: $50 million
FDV: $600 million
TVL: $48 million
Vela, a real yield perpetual exchange, recently entered Arbitrum. As a user-centric platform, they have heavily customized their token economics to facilitate real returns.
Any protocol has to have good token economics, and Vela looks to be doing just that.
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Betswirl($BETS)
MC: $4 million
FDV: $8 million
TVL: $1.2 million
Betswirl is an impressive Gamblfi protocol with the numbers to back up its performance. Generating over $500,000 in revenue, it's probably one of the best performing protocols of its size.
Their main selling point is that they offer users fair odds compared to a typical "bookmaker wins" system. While still primarily focused on 50/50 betting, they have more plans on the roadmap to increase activity.
There is currently a 20-50% yield back to stakers, which is a nice little incentive to lock up your tokens.
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