Degen Weekly: DeFi 2.0 on Cosmos, AMM on StarkNet, and the maturing GameFi
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Degen Weekly: DeFi 2.0 on Cosmos, AMM on StarkNet, and the maturing GameFi
Degen Weekly is a new series we’ve started, aiming to quickly introduce some new projects each week—some of these projects might only have one or two hundred Twitter followers.
Navigating Web3 tides with focused insightsWritten by: TechFlow intern
Degen Weekly is a new series we’ve launched to quickly introduce you each week to emerging projects—some with only a few hundred Twitter followers, extremely early-stage, high-risk, and uncertain returns. Most haven’t even issued tokens yet, so consider this content purely for enthusiast analysis and research. It is not investment advice.
Hope the pandemic ends soon—I want to run free again!
Fortis Oeconomia
As DeFi 2.0 within the Cosmos ecosystem, FOT has two primary goals: burning and value storage. FOT = Burn + Subsystem(s). The FOT token itself holds no intrinsic value; its scarcity increases through burning. Currently, its market cap = (total bFOT supply – burned bFOT) × price per token.
1 FOT can be exchanged (burned) for 10 bFOT, and 10,000 bFOT can be converted into 1 gFOT. gFOT can be staked and, in the future, burned to generate sFOT. Staking gFOT earns rewards in FOT, which cannot be traded directly and must first be converted into bFOT to enter circulation.
Beyond trading, bFOT also serves as fuel. If not converted into gFOT for staking, holding bFOT offers little utility. To earn staking rewards, users must burn bFOT, making the remaining supply increasingly scarce.
SithSwap
SithSwap is the next-generation AMM on StarkNet, offering both volatile and stable swap functionality with ultra-low slippage and fees (initially with no gas costs), while inheriting Ethereum’s full security.
SithSwap natively supports pool rules, third-party bribes, and SITH rewards, enabling governance influence over future protocol emissions via fully tradable veSITH tokens that represent voting power.
The launch of SithSwap will occur in two major phases: Core and Rewards. The Core version will debut on the StarkNet Planets alpha testnet in Q2 2022, followed by the Rewards phase approximately one month later.
The core team consists of three experienced Ethereum developers with deep expertise in Solidity, one of whom has been active in the crypto space since 2015.
Levee
Levee is a new NFT marketplace focused on solving the problem of “instant liquidity” for NFTs. They have identified four key areas to improve your bidding experience.
Better Search
By enhancing the experience of searching, tracking, and evaluating new projects, Levee helps you discover your next favorite NFT collection.
Better Bidding
Optimal bidding requires more flexible options. Levee will initially focus on collection-wide bids (offers on any NFT in a collection) and trait-specific bids (offers on NFTs with specific traits). More advanced bidding types are expected soon.
Better Tools
Bidding is an ongoing and interdependent process, so effective tools for placing and managing bids are essential. There’s significant room for improvement here. Notably, tools may vary depending on whether you’re a retail buyer, casual flipper, or professional market maker.
Incentives
Bidding is a fundamental market function, and Levee believes it should be rewarded. To demonstrate this, Levee will grant whitelist access to early supporter passes to top liquidity providers on its platform in the coming weeks. To qualify as a top liquidity provider, users must place the highest bid on any NFT (by collection or trait).
Polyweave
Interacting with blockchain data is often messy and confusing. If you visit a blockchain explorer like explorer.solana.com or simply check your own wallet today, understanding what’s actually happening can be extremely difficult. You’re typically faced with long strings of obscure hashes and public keys without context. Users rarely know what they’re looking at. Polyweave builds human-readable, rich blockchain data APIs across multiple chains.
The Polyweave team has a unique advantage in solving these problems, having extensive experience building and scaling world-class systems used by millions today. Prior to joining Polyweave, the team helped build platform infrastructure powering all transactions and trillions of dollars in fund flows at Coinbase.
DarkFi
DarkFi is an anonymous DeFi network aiming to provide flexible private primitives for building any type of application. Leveraging advances in zero-knowledge cryptography, DarkFi has created a contract language and developer toolkit designed to make privacy engineering accessible to developers.
Privacy as a design space has remained largely unexplored. DarkFi aims to open this door. Within a fully dark, anonymous system operating publicly, cryptocurrencies could give rise to entirely new technical paradigms—a creative and regenerative space.
AFAR
AFAR is a unique third-person platformer accessible via PC or browser, combining arcade and shooter elements with blockchain technology. Players build, create, and compete—racing toward the final point in fast-paced 4-minute rounds, where winners board the next spaceship off Earth. Each round integrates obstacle navigation and shooting mechanics.
Additionally, players can strategically invest in the game through cosmetic features or other forms of virtual ownership.
ARBO
ARBO is a turn-based PvP strategy game featuring genesis heroes with unique ability combinations.
Players can layer protocols (cards) atop their heroes to deepen gameplay. By refining strategies, players compete for top rankings and rewards. As teams engage in battle using various attacks and strategic defenses, ARBO’s strength and abilities grow, influenced by the protocols used each turn. This dynamic mechanism ensures vivid, unpredictable gameplay, immersing players in an exciting reward-driven economy akin to play-to-earn models.
The team actively engages with its community, consistently addressing issues and feedback. They have successfully closed their seed round, backed by ZeePrimeCap, Golden Ventures, Orthogonal, Fiskantes, ConvexMonster, and others.
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