1/ $QUICK @QuickswapDEX. ETH L2 projects are in vogue, so it’s a good time to speak about Quickswap, a Uniswap competitor built on Matic's L2 infrastructure. $QUICK, sitting at ~25M Mcap, is seeing impressive increases in trading volume and liquidity, and for good reason...
2/ To get straight to the point, on Quickswap you have the same AMM Dex experience as on Uniswap or Sushiswap, BUT with 1 second confirmation times, transaction fees that cost a fraction of a cent, and without sacrificing decentralization as you would when using a BSC Dex.
3/ While Quickswap is not the only Uniswap competitor, what is notable here is that Quickswap is starting to see real use, with volume and liquidity increasing fast.
1/ xDai STAKE, $STAKE, xdaichain.com. Given how crazy ETH fees have been recently it’s a good time to talk about what’s probably the most used L2 scaling solution for Ethereum right now with only a 150M Mcap, xDai $STAKE
2/ The xDai chain is an Ethereum sidechain where ETH smart contracts can be written and deployed in the same way as on the mainnet. So any asset on Ethereum can be bridged to the xDai chain and used there, with a fraction of the fees, and faster confirmation times (5s per block).
3/ xDai is not the only L2 side chain solution on Ethereum, but it is crazy how much adoption it has been getting lately and how undervalued their $STAKE token is compared to other L2 sidechain solutions
$MATIC $854M
$OMG $925M
$STAKE at only $150M
1/ $RGT, rari.capital (@RariCapital). This is one most of you already know, but there is so much happening and so much great innovation coming from these guys (Fuse + Tanks + RSS coming in a few weeks…) that I thought it deserved a proper review
2/ @RariCapital is a yield aggregator allowing users to earn the best yield on their crypto within different risk appetites. They currently offer 3 yield pools (2 stablecoin & 1 ETH pool), applying funds across DeFi protocols such as Compound, dYdX, Keeper, mStable, Aave, etc.
3/ But the point is that for Rari this is just the beginning. Their current product competes with existing yield aggregators (Yearn, Farm, Alpha...)l leveraging on the same available DeFi protocols (the Aave’s, Compounds, etc) to earn the best available yields.
1/ $DFD, @defidollar, dusd.finance. This is a project that i've mentioned over the last few days and that I believe is massively undervalued (~$10M market cap) and deserves a lot more attention.
2/ @defidollar offers a risk-insured stablecoin layer for DeFi. It does this through $DUSD, a stablecoin backed by an index of stable coins and leveraging on DeFi building blocks to ensure a $1 peg is maintained even if one of the stablecoins in the index loses its peg.
3/ So let’s take it step by step. Supported stable coins (DAI, USDT, USDC, sUSD…) can be posted as collateral to mint $DUSD and are provided as liquidity for yield generating DeFi products (such as @CurveFinance, yearn or $AAVE). And here is where the interesting stuff begins…
1/ Here is another potential game-changing project that I am very bullish on: $BONDLY / bondly.finance (@BondlyFinance).
There is A LOT to say about $BONDLY, and each part of its offering (OTC swaps, DEX, NFT Launchpad, ecommerce gateways) could be a thread of its own!
2/ But the best way to summarise it would be to say that $BONDLY aims to address a simple but major issue, which is that OTC selling / trading of digital goods (crypto, NFTs, gaming items, social media accounts…), has always needed a trusted 3rd party to act as an intermediary.
3/ This 3rd party can range from being a helpful admin of a coin’s TG group, to the pro crypto OTC desks. But they all have 2 things in common: 1) you need to trust them and 2) they ALWAYS take a meaty fee.