A selection of new projects worth watching recently, some with airdrops
TechFlow Selected TechFlow Selected
A selection of new projects worth watching recently, some with airdrops
Airdrops, inscriptions, and Blast ecosystem DEX: reviewing new projects worth watching at the start of the year.
Navigating Web3 tides with focused insightsWritten by: Meteor, ChainCatcher
Edited by: Marco, ChainCatcher
After the excitement surrounding the approval of Bitcoin spot ETFs has cooled down, apart from strong gains in meme coins across various blockchains, it seems to be air drop season again. Projects such as Zetachain, AltLayer, and Dmail have started releasing information about their token distributions—time to shift attention toward some new projects.
Below are notable new projects recently compiled by ChainCatcher:
Asteroid Protocol
Keywords: Cosmos inscription market, Delphi Labs, Astroport Foundation, first Cosmos inscription ROIDS
Asteroid is a meta-protocol framework for inscriptions and tokens on Cosmos and other Cosmos SDK-based blockchains. Through Asteroid, users can connect Keplr wallets to record data, images, text, and/or mint CFT-20 tokens (including ROIDS, the recent popular first CFT-20), directly publishing content onto the Cosmos Hub. The platform has also launched an inscription marketplace where users can trade Cosmos inscriptions.
Developed collaboratively by Delphi Labs and the Astroport Foundation, this framework brings inscriptions and FTs (fungible tokens) to the Cosmos blockchain, which natively does not support tokens or smart contracts. The open-source Asteroid framework includes an indexer, explorer, API, Cosmos Fungible Token (CFT-20) specification, token deployer and minter tools, as well as front-end and back-end software.
savmSwap
Keywords: SatoshiVM, first DEX
SatoshiVM is another high-profile Bitcoin Layer 2 project recently. (Related reading: SatoshiVM Clashes With IDO Platform, 300x Myth "Collapses" Due to Unequal Profit Distribution.) savmSwap is the first DEX built on SatoshiVM. Currently, its interface is relatively simple, offering Swap and Pool functionalities.
The core of traditional AMM systems involves replacing typical buy/sell order books with liquidity pools composed of two assets, where each asset's value corresponds to the other. Swapping one asset for another changes their relative values, recalibrating the exchange rate between them. Savmswap’s AMM model, known as Constant Function Market Making, provides immediate feedback on pricing and slippage.
Inspired by SatoshiVM’s core values, the Savmswap protocol is built upon principles of permissionless access and immutability. The permissionless framework ensures universal accessibility to the protocol’s services without restrictions on who may use them. This open accessibility allows anyone to participate in swapping, providing liquidity, or creating new markets.
Risk
Keywords: Airdrop, Blast network
Risk is an on-chain betting and gambling platform built on Blast, aiming to become an automated liquidity pool solution dedicated to on-chain gambling. This pool enables nearly instant payouts for any game developer building on BLAST, thereby reducing financial burdens. Additionally, Risk has established a DAO that uses anonymous voting to decide which games are included in the risk pool.
Risk has announced its tokenomics, designed to balance the needs of early supporters, the team, and the broader ecosystem. The total supply of RISK tokens is capped at 100 million, with 10% allocated for user airdrops. Details regarding the public sale of RISK tokens will be released soon. Currently, its Dev site is under development—users can wait for the DApp launch and interact to qualify for potential airdrops.
Blastway
Keywords: Borrow/lend incentives, non-custodial
Blastway is an innovative money market protocol built on Blast, offering high yields for lending and borrowing activities while allowing users full control over their assets. Compared to other L2 platforms, Blast offers 4% interest on ETH and 5% on stablecoins. Blastway leverages this advantage, aiming to enhance TVL and user experience by utilizing Blast’s native yield-generating functionality.
Blast Futures
Keywords: Airdrop, zero gas, Rabbit X
Blast Futures is a DEX built on Blast, offering advanced features such as advanced orders, chart trading, and order book trading. Built atop Blast’s native yield-bearing deposits, it enables automatic compounding of assets on Blast Futures. It adopts a zero-gas fee model, making it highly user-friendly. Blast Futures is also one of the partners in the Blast Big Bang campaign and promises fair token airdrops to early users—every user who deposits funds early will receive corresponding airdrop rewards. Recently, Blast Futures announced a collaboration with Perp DEX Rabbit X.
Bloom
Keywords: Blast Big Bang participant, 50x leverage, zero gas
Bloom is a Perp DEX built on Blast, featuring zero-gas trading, social login, enhanced yields, and up to 50x leverage. Bloom is also one of the partners in the Blast Big Bang competition.
The Blast Big Bang is an incentive program hosted by Blast following the launch of its testnet. DApps participating in and performing well during this event will receive ecosystem token airdrops upon the mainnet launch of Blast.
beanbag
Keywords: Platform speed, team background, Blast network
beanbag is a fast-trading AMM DEX built on Blast. Currently, there is limited public information available, with the DApp scheduled for launch in February 2024.
According to the project description, beanbag claims significant advantages over protocols like Uniswap and Curve in terms of yield, fees, and platform speed. Notably, its AMM model features a more innovative incentive structure compared to platforms like Uni. The team behind beanbag consists of engineers and product designers from world-renowned institutions such as MIT and Citadel.
oooo
Keywords: BTC L2, cross-chain protocol
oooo is a modular infrastructure and cross-chain protocol supporting Bitcoin Layer 2 solutions. Currently, Bitcoin L2s are experiencing a boom similar to Ethereum’s early L2 proliferation (related reading: Bitcoin Layer2 Gains Momentum in Funding, Overview of 20 Early Projects), attracting numerous developers and users. Cross-chain protocols supporting Bitcoin L2s are equally worth watching.
Moniswap
Keywords: Berachain testnet, Launchpad, interaction
Moniswap is an AMM and Launchpad platform on Berachain, aiming to establish deep and efficient liquidity for the Berachain ecosystem. Its design integrates models from Curve, Convex, and Uniswap. The MONI token has been confirmed; users can interact with the Berachain testnet via the platform and simultaneously engage with Moniswap—killing two birds with one stone.
Lobster
Keywords: Token rewards, algorithmic optimization
Lobster is an algorithmically optimized, automated DeFi investment protocol offering autonomous strategies. The Lobster protocol algorithm remotely manages user assets according to selected strategies, including providing liquidity on Uniswap and borrowing/lending through AAVE. The algorithm continuously monitors and adjusts strategies based on market conditions (e.g., token prices, pool TVL, trading volume, positions of other users) to optimize returns and reduce risks, avoiding complexities of manual operations and issues like impermanent loss, thus maximizing gains and minimizing risks. Moreover, the algorithm cannot perform actions beyond those defined in the contract and has no authority to withdraw user funds.
Lobster plans to launch its Arbitrum-based testnet in Q1 2024, and future Lobster tokens are under consideration. Tokens will reward early adopters, with larger participation leading to greater token rewards.
Haiko
Keywords: Custom AMM strategies, auto-updating positions
Haiko is an AMM protocol on Starknet designed to provide users with efficient trading. Haiko offers automated strategies and native limit orders. Additionally, it introduces customizable modular strategies that autonomously manage liquidity in token markets, dynamically updating positions and orders as market conditions change. Unlike conventional AMMs, where liquidity positions are set within static price ranges, Haiko replaces fixed positions with dynamic strategies that automatically update based on on-chain data feeds and custom logic.
Currently in the testnet phase, Haiko supports login via Starknet wallets.
Tren.Finance
Keywords: Long-tail assets, over-collateralization, token rewards
Tren.Finance is a crypto CDP (Collateralized Debt Position) protocol focused on unlocking liquidity for long-tail cryptocurrencies. The platform provides independent lending markets powered by trenUSD (a stablecoin issued by Tren), allowing users to borrow against over 100 different assets as collateral. Meme coins, LP tokens, options vaults, LSTs, etc., are all managed by TREN holders.
Recently, the Tren.Finance team launched the Trencentives program, aimed at recognizing and rewarding key contributors within its ecosystem, allocating 35% of the total TREN supply to incentivize users who contribute to Tren.Finance.
Additionally, the project’s governance token is TREN, with an initial total supply of 1 billion tokens, which will gradually decrease over time. As the core of Tren.Finance, TREN coordinates incentives between users and the platform, promoting the development of a sustainable DAO governance protocol.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
ChainCatcher 链捕手
