Finding New DeFi Opportunities: 3 Innovative Projects That Haven't Launched Tokens Yet
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Finding New DeFi Opportunities: 3 Innovative Projects That Haven't Launched Tokens Yet
After last week's meme craze, this article will take you back to some fundamentally strong projects.
Navigating Web3 tides with focused insightsWritten by: Alex Larkin
Compiled by: TechFlow
After last week's meme frenzy, this article brings you back to some fundamentally strong projects—TapiocaDAO, Infinity Pools, and GammaSwap—all of which have yet to launch their tokens. Crypto analyst Alex believes these projects have bright futures and are expected to enter the market this year. Below, we’ll dive into their innovations, team backgrounds, and experience.
Project 1: TapiocaDAO
Twitter: https://twitter.com/tapioca_dao
Tapioca is a cross-chain money market allowing users to borrow and lend some of the most important assets in DeFi, including ETH, stETH, BNB, MATIC, AVAX, and even GLP.
Its key innovation? Users can deposit any of these assets on any network and borrow against them wherever they choose.
Tapioca earns value by creating value—this includes launching the first real use case for oTokens.
oTokens (oTAP) are option tokens that allow users to purchase TAP tokens at a discount compared to the open market price. Users receive oTAP based on the amount and duration of their asset deposits.
Why we like Tapioca:
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In our view, LayerZero is the future.
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An innovative money market is just the beginning for Tapioca…
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One of the fastest-growing communities in DeFi.
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Bentobox v2 commercial licensing creates a moat.
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A truly innovative and forward-thinking team.
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USD0 is a fully collateralized debt position (CDP) stablecoin that does not rely on TAP incentives to maintain its peg.
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TAP locking aligns long-term value investors.
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No traditional venture capital—only DeFi-native investors.
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Backed by the Pearl Club NFT.
Project 2: Infinity Pools
Twitter: https://twitter.com/InfPools
An exchange offering up to 10,000x leverage, no forced liquidations, and trading on any token—it sounds like a scam, right?
Actually, it’s not a scam—but the wording certainly grabs your attention. Once you dig deeper into Infinity Pools, it starts making sense.
Up to 10,000x leverage—why would anyone need such high leverage? Traders looking to speculate on low-delta pairs (e.g., forex, stablecoin pairs, interest rate swaps) might seek 100–1,000x (or more) leverage.
Infinity Pools leverages Uniswap v3’s concentrated liquidity, enabling users to gain leveraged exposure to any asset with existing liquidity.
Of course, users must pre-fund their positions, similar to margin trading. If the trade moves against them, they lose their capital. Technically, this isn’t a liquidation since there’s no need to rebuy or resell assets to repay bad debt. Instead, it’s an automatic repayment—once the position exits the profitable range, funds are automatically returned to LPs from the trader.
Is there an airdrop? No signs yet. That said, the testnet is expected to launch by the end of Q2, so we recommend joining their Discord.
Why we like this project?
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We’re bullish on innovative products.
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The team has a track record of successful products, such as Lemma Finance.
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Protocols built atop concentrated liquidity will dominate.
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Current leveraged protocols are limited by liquidity depth. Infinity Pools uses existing Uni v3 liquidity, making it far more capital-efficient.
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Unique high-leverage model.
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It opens doors to many use cases, including interest rate swaps and even forex markets.
Project 3: GammaSwap
Twitter: https://twitter.com/GammaSwapLabs
There’s a long-standing issue in DeFi: liquidity providers (LPs) on decentralized exchanges (AMMs) don’t actually make money. So where do the fees go?
Yes, LPs appear to earn decent fees. Every time a trade occurs between two assets, a fee is collected and distributed proportionally among all pool participants.
But here’s the problem: cryptocurrencies are extremely volatile. In trending markets, simply holding the underlying assets often outperforms providing liquidity. Until now, liquidity provision has been unsustainable because it doesn’t generate profits.
GammaSwap offers a solution.
With GammaSwap, liquidity providers can hedge their expected impermanent loss (IL).
How?
LPs want high trading volume (more fees) and low volatility (minimal price divergence between the two assets).
Take ETH and USDC as an example. With GammaSwap, if you anticipate a volatile period and wish to hedge, you can effectively borrow more LP tokens, break them down into the underlying ETH and USDC assets, and capture upward or downward price trends.
This way, even if your LP position suffers heavy IL, briefly holding ETH or USDC offsets that loss—and you still profit.
In short, GammaSwap is a DEX that allows LPs to earn additional yield. This yield comes from traders who want to speculate on volatility between the underlying LP assets. If a trader expects volatility in your LP position, they can borrow your LP token on GammaSwap and pay a fee for doing so.
Alternatively, you can borrow your own LP position and hedge your IL directly.
Why we like GammaSwap?
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We’re bullish on innovation—and this isn’t even GammaSwap’s final product.
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Many members from the GMX team are investors in GammaSwap.
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The GS token will take inspiration from GMX—keeping the best parts and improving upon the rest.
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