@RDNTCapital is an omnichain protocol where users can deposit any major asset on any major chain and borrow various supported assets across multiple chains.
Total Market Size on BSC - $240M
Below are the assets on the BNB chain.
2/ Thena
@ThenaFi_ is a Ve(3,3) protocol on BSC that has improved the Solidly model with new features such as NFTs, Referrals and Gauges.
TVL of Thena - $73.13M
Market Cap - $3.8M
3/ Velvet Capital
@Velvet_Capital
is a DeFi operating system that helps institutions launch and manage financial products on-chain.
It allows users to create tokenized funds and yield farming strategies.
Below is a list of portfolios in which users can invest:
4/ Alpaca Finance
@AlpacaFinance is the largest lending protocol allowing leveraged yield farming on BNB Chain.
It helps lenders earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions.
TVL of Alpaca - $381M
5/ Level Finance
@Level__Finance is a perpetual DEX on Binance Smart chain that provides Real Yield to its users.
Its focus is on providing clear risk management solutions for liquidity providers.
TVL of Level Finance - $29.04M
6/ Wombat Exchange
@WombatExchange is Scalable, low slippage, and single-sided staking stableswap backed by Binance Labs.
TVL of Wombat -$95.73M
Below are some of the pools available on Wombat:
7/ Palm Swap
@Palmswaporg is a perpetual DEX on BSC that provides leverage up to 50X.
Their synthetic architecture makes Palmswap more capital-efficient than any existing platform.
They will be releasing V2 soon, which is the first single asset liquidity perpetual DEX on BSC.
I will be adding 2 more projects and posting a list of 9 projects on my newsletter soon, so subscribe if you dont't want to miss out :
To find the next 100x you need to find the best new projects.
To find the best new projects, you need to follow the right KOLs.
I have listed Top 10 projects followed by KOLs last week 🧵
I put a lot of effort into this thread to bring you the best alpha.
Bookmark this thread for future reference. Now let's look at the projects.
1/ @monaidev
Monai stands for AI on Monad, where they build a suite of generative AI tools that will be integrated with Monad. Their flagship product is an advanced, unrestricted Large Language Model (LLM).
$MONAI will be their token, which will launch on Ethereum.
DEPIN will be a $3.5 trillion sector by 2028, according to Messari.
Data Layer is a critical part of DEPIN, which facilitates data transmission.
Let's look at how DEPIN will serve as an enabler for Data Layer.
And a project with 10x potential 🚀🧵
In 2023, the DePIN ecosystem expanded, reaching a total of over 650 projects across six subsectors, which include:
♦️ Compute - 250
♦️ AI - 200
♦️ Wireless - 100
♦️ Sensors - 50
♦️ Energy - 50
♦️ Services - 25
DEPIN serves as the enabler for the DATA Layer by providing the physical infrastructure needed for Data transmission via decentralized collaboration.
The Data Layer is an example when it comes to blockchain infrastructure, providing a platform for the exchange of real-time data.
The DEPIN narrative is going to take 2024 by storm.
It is expected to be a $13 Trillion category by 2030.
7 Important Projects from the Narrative 👇🧵
In this thread I will cover:
♦️ What is DePIN?
♦️ 7 Important DePIN projects
Please BookMark this thread for future reference.
DePIN refers to Decentralized Physical Infrastructure Networks, representing a novel approach to constructing and upkeeping physical world infrastructure.
This infrastructure encompasses a range of elements, from WiFi hotspots within wireless networks to solar-powered batteries.
The LUNA collapse in May 2022 sent shockwaves through the Crypto Industry.
This resulted in USDT losing its PEG.
Let's look at how @reserveprotocol can solve this through RTokens.🧵
The Reserve Protocol enables the creation of yield-bearing & overcollateralized stablecoins backed by a mix of ERC20 tokens on Ethereum and Base chains.
These stable, asset-backed currencies established using the Reserve protocol are referred to as "RTokens."
RTokens can solve problems faced by Fiat currency, such as inflation, which deprives the currency of its value.
It can also help prevent black swan events such as Stable Coin Depeg since RTokens are backed by multiple assets and over-collateralized by $RSR.