The author has selected 10 innovative projects worth paying attention to, including DEX, Game, on-chain tools, etc. In addition to DeFi innovation projects, there are also two insurance projects worth mentioning: a BTC-backed life insurance project and a platform that provides insurance for linked assets. It is common for DeFi projects in the cryptocurrency industry to be vulnerable to attacks, so insurance-related new projects are worth considering and may be part of future narratives. Another interesting project is an on-chain gaming platform that relies on luck. It is simpler and more straightforward compared to traditional gambling and may be favored by users. The following are the projects worth paying attention to:

DeDeland

DeDeland is the first on-chain options aggregator platform. Users can trade through its simple and intuitive UI, including perpetual swap (GMX and Gains) and options (Hegic, Lyra, Premia, Dopex) trading.

The fragmentation of liquidity is the biggest challenge for DeFi options. The emergence of DeDeland is to solve this problem. Unlike options platforms like Deribit, decentralized solutions seem unable to accumulate liquidity for large-scale trades, which is exactly what DeDeland is suitable for. An example given by the team is "for example, you can create a strangle by combining Hegic's Call option with Lyra's Put option".

The two main functions of DeDeland are the unified trading terminal and the margin account.

The unified trading terminal is similar to aggregators like Bungee (cross-chain asset aggregator). For example, users can choose GMX or GNS for perpetual trading, and Hegic or Lyra for options trading, and find the most suitable trading platform with one click. In addition, DeDeland allows for setting take-profit or stop-loss orders (only applicable to trades conducted through Hegic and Lyra), automatically closing positions when the predetermined loss level is reached. This eliminates the need for users to constantly monitor asset price fluctuations and allows for effective risk management to prevent significant losses in trading. Furthermore, the unified trading terminal greatly enhances the user experience.

The margin account is another important product of DeDeland, which offers practical features such as multiple collateral, full position margin, and up to 5x leverage. It allows users to efficiently handle trading activities, using a variety of assets as collateral to gain greater purchasing power.

Overall, DeDeland opens up a new dimension for DeFi options trading. However, the platform has not mentioned any tokens or roadmaps at this time. We look forward to further updates on this project.

Bingo 0x

Spinach GameFi narrative has been experiencing cyclical cycles. Bingo 0x is an on-chain spinach game platform that can be followed as the next spinach game project in the cycle, perhaps as a major participant in the next spinach narrative.

The gameplay of Bingo 0x game is very simple. Players need to buy a card/ticket with their chosen number and then watch the randomly drawn number with a letter (e.g., A-7) until a player completes the "Bingo" mode. Similar to scratch cards, the winner's card needs to have a collection of numbers or partial numbers that correspond to the winning numbers, and the winner's prize is paid in cryptocurrency and stablecoins. Perhaps the platform will support other luck-based games in the future.

Bingo 0x is not like most GambleFi platforms that engage in complex casino-like games. Compared to other on-chain spinach platforms, the advantage of Bingo 0x is that the game is simple, direct, and transparent.

Currently, there is not much information about Bingo 0x. Bingo 0x is supported by UltiverseDAO and will launch a testnet BETA version on opBNB next week.

One Click Crypto

1 CC is a platform that evaluates user risk avoidance level using AI. The AI analyzes the user's on-chain history through their wallet and builds personalized recommendations based on their profile. For the crypto community, the form of generating investment portfolios through quizzes is quite innovative.

First, the system prompts users to answer a few questions. Then, based on their answers and on-chain history, the AI evaluates the user's risk avoidance level and generates the most suitable investment portfolio for them. With just one click, the AI creates an investment portfolio that utilizes 5 protocols and 7 pools on-chain, with an average APY of 28.34%.

And the token 1 CC of the project will soon be launched. The revealed airdrop plan is as follows: a snapshot will be taken of OBT token holders 7 days before the launch of 1 CC, and rewards will be airdropped the next day. Every holder of 3.5 OBT will receive one 1 CC token. For more information about OBT, please refer to this link. Do your own research (DYOR)!

meanwhile

meanwhile is the industry's first Bitcoin-backed, AI-driven life insurance company. It accepts BTC as premiums and pays all claims in BTC. The company's leaders and some investors believe that BTC is becoming a global store of value and functional currency.

Here are the reasons why meanwhile is worth considering:

- It is the first life insurance company backed by BTC and driven by artificial intelligence, and it has already gone public.

- It raised $19 million in funding at a valuation of $100 million. The first seed funding round was led by Sam Altman, CEO of OpenAI, and Lachy Groom, a former employee of the payment giant Stripe. The second seed round was led by Gradient Ventures, a Google-backed venture capital fund.

- This life insurance company is licensed and regulated in Bermuda, complies with US tax laws, and currently only accepts US users.

- It is also a good method for intergenerational wealth transfer in the crypto industry. For example, if you buy death insurance for 10 bitcoins, your next generation will have the opportunity to receive 25 bitcoins in the future. Think about how much bitcoin will be worth in years to come.

The company uses AI to process claims and assess applicants' health risks, and only conducts transactions with bitcoins. Customers pay premiums in cryptocurrency each month, and claims are paid out in cryptocurrency. Similar to many other life insurance providers, a portion of the monthly premiums are used for lending, earning interest.

Cordyceps

Cordyceps is a DeFi insurance and options platform that is part of the Root ecosystem. Cordyceps is a platform that provides insurance for pegged assets, such as stablecoins or liquid staked derivatives. Users can collateralize assets that have decoupling risks for arbitrage.

In addition, Cordyceps is a full-chain platform with great market potential. It can capture a large portion of the market share. The DeFi industry is constantly innovating, and the number of DeFi derivatives is increasing. However, due to the underutilization of the growing asset pool, derivatives lack universality. In order to fully cover the DeFi insurance field, Cordyceps will provide a broader market coverage in the future, not just collateralizing pegged assets.

Marginly

Marginly is a smart contract-based margin trading and derivatives application that allows users to long/short assets with up to 20x leverage on various platforms such as DEX and AMM (Uniswap, SushiSwap, Curve, Balancer, etc.).

Marginly provides a flexible leverage trading interface built using a mobile-first approach and simplifies integration with DeFi aggregators, routers, and wallets. Features include:

- Marginly Trading: Leverage trading (long and short) with up to 20x leverage using connected DEX liquidity pools.

- Marginly Yield: Provide liquidity to independent funding pools on Marginly as loan instruments for other users to use for leverage trading.

- Options Strategies: Marginly introduces combinations of Uniswap v3 liquidity positions and market positions to simulate complex options strategies, allowing for profits in sideways/ranging markets.

Marginly highlights include:

- Fully decentralized: Marginly does not use off-chain information and relies on Uniswap v3 oracles.

- Risk Isolation: Each Marginly liquidity pool consists of a single volatile asset paired with stablecoins. Through this approach, risk is completely isolated to a single volatile asset, making it more predictable and manageable. Marginly's risk framework allows for the efficient utilization of borrowed capital while ensuring strict control over the pool's solvency.

- Infinite Liquidity Loop: Margin can achieve a self-reinforcing loop where assets generated from trades can be used as leverage for reverse trades. Ultimately, longs pay shorts and shorts pay longs.

- Deleveraging and Liquidation: In the case of additional margin requirements, the system automatically reduces the debt amount in the investment portfolio by reversing trades within the pool instead of auctioning positions on linked DEXs.

- Order Routing: Marginly aims to execute spot trades across multiple DeFi protocols in different blockchains, which helps aggregate liquidity and enable trading of long-tail assets.

AKMD Finance

AKMD is a community-governed decentralized derivatives trading platform that supports spot, perpetual, options, and copy trading. The protocol allows for additional customization of markets and derivatives through governance.

For LPs, liquidity providers offer funds for AKMD's liquidity and lock them on-chain with the ERC-4646 standard vault. Users can deposit and withdraw these funds at any time. Additionally, the tokens received by users can be used as collateral for leverage. In terms of governance, idle assets can also be reinvested in other DeFi protocols. AKMD's dynamic deposit rates can attract liquidity and effectively manage risks.

For spot traders, traders on AKMD can enjoy the lowest trading fees, as low as zero. For perpetual traders, AKMD currently supports leverage of up to 100x. When collateral is locked, the exchange also provides:

- Lowest fees, even as low as zero

- Contracts with leverage of up to 100x

- Ability to participate in liquidity mining with collateral and earn additional rewards

- Borrowing against available collateral positions

- On-chain replication trading that allows tracking of other traders' strategies

Crust Finance

Crust Finance is a decentralized trading platform and AMM built on the Mantle network, focusing on providing efficient token swaps and deep liquidity for stablecoins and other assets. Crust Finance utilizes the ve( 3, 3) system to offer the possibility of maximizing returns for ecosystem users.

Crust Finance originated from Solidly's vision that all participants in the ecosystem can create a cycle of profit through collaboration. Users can lock their tokens CRST into the protocol to receive veCRST tokens, which can vote to determine which liquidity pools will receive CRST token emissions and receive fees and bribes generated by the liquidity pools as rewards.

ETHEREAL SYSTEMS

Ethereal is a stablecoin protocol on the L1 protocol Radix, inspired by MakerDAO and Liquity. The project believes that the drawback of MakerDAO is its difficulty in resisting upward decoupling, and the drawback of Liquity is its low capital efficiency. Based on this, Ethereal proposes the EtherealUSD model, which introduces instant redemption functionality, focuses on capital efficiency, and ensures tethering capability, with a focus on synthetic assets pegged to the US dollar. However, the prerequisite for minting any asset only requires a reliable exchange rate between the synthetic asset and the collateral asset.

But currently, the project is still in an early stage and has only proposed a model. The subsequent operations have not been announced yet. However, unlike other DEXs, the project announced the platform token IVO activity on July 1. Initial Validator Offerings (IVO) is a new fundraising mechanism that allows users to redirect staking rewards to the project of their choice and receive project tokens as returns.

The operation of IVO is as follows:

- DAO sets up a validator

- Users delegate the required assets to the DAO validator for a period of 6 months

- Variable fee adjusted to 100% (sending all staking rewards to the DAO vault)

- Snapshot taken every hour to reserve tokens for IVO participants proportionally

- The first airdrop to participants is distributed before the token is listed

- Second airdrop is conducted after the end of IVO

Radpie

Radpie is a yield optimizer project launched through collaboration between Magpie and Radiant Capital. Previously, there were Magpie and Penpie projects. Similar to Penpie and Magpie, Radpie also locks assets to obtain dLP and converts dLP to mdLP to increase user earnings. Users can stake mdLP on Radpie to earn RDNT and additional RDP (Radpie's governance and revenue sharing token) rewards and protocol fees.