LayerZero Ecosystem Protocol Overview: Potential Airdrop Opportunities and the Explosion of the Omnichain Narrative
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LayerZero Ecosystem Protocol Overview: Potential Airdrop Opportunities and the Explosion of the Omnichain Narrative
This article will introduce projects related to the LayerZero (cross-chain protocol) narrative, including Stargate Finance, Altitude DeFi, Pendle, Tapioca, and others.
Navigating Web3 tides with focused insightsWritten by: Emperor Osmo
Compiled by: TechFlow
The cryptocurrency market is constantly evolving and changing, with new projects and technologies emerging all the time. However, investors often miss out on significant gains by jumping into a trend too late.
This article will introduce projects related to the Layer Zero (omnichain protocol) narrative, including Stargate Finance, Altitude DeFi, Pendle, Tapioca, and others. These projects each have unique strengths and characteristics that could make them future high-potential assets.
What is LayerZero?
LayerZero is an omnichain protocol that enables seamless communication between blockchains. This means:
• Unlimited liquidity;
• Single token denomination;
• Uncompromised security.
Stargate Finance $STG
Simply put, $STG is the blue-chip cross-chain bridge within LayerZero.
$STG tokens entitle holders to 0.01% of all transfer fees paid in $USDC. As more chains join, this yield will grow.
An underestimated catalyst is the upcoming unlock of $STG tokens.
While this may cause some sell pressure, it will eliminate VC (venture capital) exits and allow long-term holders to accumulate.
Altitude DeFi $ALTD
Altitude's approach to cross-chain bridging is unique. Instead of only transferring stablecoin liquidity, Altitude focuses on bridging blue-chip assets.
This removes centralization around stablecoin liquidity and makes cross-chain transfers easier.
As one of the first applications built on LayerZero, Altitude can solidify its position as a leading bridge. It will initially support eight chains, with fees distributed to $gALTD holders.
Pendle $PENDLE
Pendle allows users to tokenize and trade yield-bearing assets such as $ETH, creating a dynamic market where you can:
• Buy assets at a discount;
• Achieve low-risk, steady fixed-income growth;
• Earn long-term yields;
• Customize yield strategies.
Integration with LayerZero is expected to accelerate cross-chain growth and increase demand for $PENDLE derivatives. Users will be able to access and use these assets on any chain.
Tapioca $TAP
Tapioca aims to become an omnichain money market. Its $USDO stablecoin may see wider adoption in the future.
It is backed by various liquid staking derivatives (LSDs), allowing $TAP holders to benefit from collecting 50% of fees.
RDNTCapital $RDNT
Radiant aims to become a one-stop DeFi marketplace, enabling users to seamlessly deposit and borrow across multiple chains. The recent V2 launch revealed:
• Improved $RDNT tokenomics;
• Cross-chain lending;
• LayerZero OFT implementation;
• Enhanced fee model.
Trader Joe $JOE
Avalanche’s largest DEX recently adopted omnichain technology. This means $JOE is no longer confined to a single DEX and can now expand into ecosystems like $ARB and $BNB.
This will lead to increased liquidity, trading volume, and ultimately higher fees. For Trader Joe, the benefits of LayerZero include:
$JOE holders can freely roam via Stargate, increasing their token liquidity across top-tier ecosystems like Arbitrum and BNB Chain.
Mugen Finance $MGN
Mugen is a yield aggregator that unlocks returns across chains. Built atop major ecosystems, it enhances accessibility across more networks.
Currently deployed on $ARB, it will soon expand to additional ecosystems.
Currently, Mugen Finance charges a 10% fee to provide yield aggregation services, funding development and the team. By depositing funds into the treasury to create $MGN, there is no Ponzi economy risk.
Rage Trade $RAGE
The omnichain Perpdex improves capital efficiency by reusing liquidity from other protocols into $RAGE.
This recycled liquidity allows Rage Trade to reuse ETH-USD liquidity across all LayerZero-compatible chains.
Rage Trade allows you to provide liquidity across multiple chains—the more LayerZero-supported chains and ecosystems there are, the greater the vault options available.
Current 80-20 vault yields are at 15%.
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Emperor Osmo
