Degen Weekly: Evmos Ecosystem and Metaverse
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Degen Weekly: Evmos Ecosystem and Metaverse
Degen Weekly is a new series we've launched to quickly introduce some new projects to everyone each week.
Navigating Web3 tides with focused insightsBy: TechFlow intern
Degen Weekly is a new series we've launched to quickly introduce some early-stage projects each week—some with only a few hundred Twitter followers. These are extremely early projects, highly risky, with uncertain returns, and most haven't even issued tokens yet. This is purely for sharing research with enthusiasts. When the market is down, we need something to keep us busy.
Cronus
Cronus is an AMM built on Evmos. Since Evmos is an EVM within the Cosmos ecosystem, it's inherently scalable and Ethereum-compatible, allowing Cronus to enable interoperability between Cosmos and Ethereum ecosystems. This enhances ecological diversity and brings more traffic to the Cosmos ecosystem. Current partners include CelerNetwork, which helps bridge ecosystems and communities. Airdrops will likely be distributed based on the amount of Evmos staked.
Official Discord: discord.gg/cronusfinance
AnzenFinance
AnzenFinance is a DeFi protocol for credit protection of private asset portfolios (possibly the first protocol focused on credit proof), providing a default reserve pool. Excess funds from this pool are allocated to a staking pool, where users stake a range of stablecoins and the protocol’s native token. Governance follows a Ve model. Both investor and team tokens are locked for a very long period—five years in total. I believe staking could yield significant extra returns during bull markets, but may risk a death spiral in bear markets.
Website: anzen.finance
QuantumSwap
QuantumSwap is a DEX on Evmos. If Cosmos were to add another Uniswap fork, the community might not welcome it—but QuantumSwap could be more appealing to Cosmos users. It has the potential to become a gateway connecting the Cosmos ecosystem to Ethereum. To enhance user experience for Ethereum users, QuantumSwap replicates several popular features from Uniswap.
Official Discord: quantumswap.org/discord
Meta Engine
Meta Engine is a decentralized all-in-one platform for developing and launching GameFi and Metaverse games and applications. Currently, most AAA blockchain games use traditional game engines, but these fall short when deeper integration with Web3 and blockchain is needed. The privacy, interoperability, and minimal downtime offered by the metaverse are unmatched by traditional engines—this is where Meta Engine steps in. It seamlessly integrates with MetaMask and includes built-in GameFi token trading and game publishing platforms, significantly reducing development costs and time. Future plans include DAO governance and monitoring of Meta Engine. The founding team includes professionals from JPMorgan and banking sectors, while the game studio lead has over 25 years of industry experience.
Website: metaengine.gg
Notifi Network
Notifi Network is a SocialFi application primarily focused on enabling two-way communication between users and dApps in the Web3 world. It has raised $2.5 million in its seed round. Notifi aims to start with dApps on the Solana and Terra ecosystems, offering developers a simple, embeddable notification layer that they can integrate into their dApps to communicate with users—such as sending important ecosystem updates.
I believe user notifications and communications will become one of the key components of Web3. As infrastructure, it holds immense future market potential. In Web2, projects can only reach users through email, Discord, or Telegram—with little targeting capability. In Web3, user verification shifts from account passwords to wallet addresses, enabling more selective and precise notifications. Yet, such tools have not emerged at scale yet.
Website: notifi.network
Amber
Amber is a decentralized privacy-preserving storage token built on Secret Network. It leverages Secret Network’s “Snip-24” standard to provide user privacy—only you and those you authorize can see your Amber balance. When transferring Amber, no one else can see the amount sent. Amber has an extremely limited supply of only 8,888 tokens, and long-term holders receive rewards. Airdrop rules and details have not yet been announced.
Official Twitter: https://twitter.com/AmberDAO_
Pegasus Finance
Pegasus Finance is a perpetual interest rate contract built on Optimism. With Pegasus, traders can take long or short positions directly on DeFi yields and interest rates. It currently receives support from Aave Grants to develop perpetual interest rate products.
It introduces a novel tokenomics model called "Peganomics," combining traditional tokenomics with NFTs. Users mint a PegaPal NFT and stake it to earn protocol tokens, or burn tokens to upgrade their PegaPal and increase APY. The project also introduces a new incentive mechanism called One-Shot Liquidity, which encourages longer staking periods. One-Shot Liquidity refers to a betting product under Peganomics that auto-compounds but does not auto-unstake—meaning the longer you remain staked, the greater your position’s liquidity becomes.
However, because only PegaPal can be staked, if users want to re-stake without diluting previous rewards, they must burn tokens to upgrade their NFT. Additionally, Peganomics uses fees from interest rate Perp trading as revenue, ensuring a more stable income stream during bear markets. Since APY increases with staking duration and NFT upgrades require token burning, it achieves effects similar to ve-locking—yet users can always sell their NFTs to exit the cycle. Given that NFTs are generally less liquid than tokens, could this design perform better in a (3,3) coordination game?
Website: pegasusfinance.xyz
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