What other DeFi protocols might have an airdrop?
dYdX’s large-scale airdrops have brought back some of the market’s enthusiasm for DeFi. Of course, the focus is on those DeFi protocols that have not yet issued coins and have capital financing.
Rhythm BlockBeats once summarized in December 2020 "Who will be the next DeFi protocol for airdrops?" 》 DeFi projects that may be airdropped in the market at present. It has been more than 8 months since the last article. For this reason, Rhythm will summarize several currently hot DeFi projects that have not yet launched tokens (in no particular order) in this article for readers' reference.
Yield Protocol
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Official website: https://yield.is/
Yield Protocol is a fixed-rate lending protocol proposed by Paradigm analyst Dan Robinson. Currently, Yield Protocol offers loans with an annualized interest rate of 1.42% for lenders and 1.72% for borrowers due in December 2021.
DeBank data shows that the current total lock-up amount of Yield is 4.35 million US dollars, and the total number of users participating in contract delivery is only 963 . Yield announced in May 2021 that it was led by Paradigm, with Framework Ventures, Symbolic Capital Partners, CMS Holdings, Variant, and DeFi Alliance following in the seed round.
Element Finance
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Element Finance is also a fixed rate lending agreement. However, compared with Yield Protocol, its team background and scale are larger. According to data from Dune Analytics, the total lock-up volume of Element Finance exceeded US$45.88 million in the first month, and the total transaction volume reached US$7 million.
Element Finance’s CEO is Will Villanueva, who is also a founding research analyst at Quilt. Before that, Will served as Co-Founder and CTO of Bounties Network. Aave founder Stani Kulechov, ConsenSys founder Joseph Lubin, a16z, and Placeholder are all investors in Element Finance.
Opyn
Official website : https://opyn.co/
Opyn is an on-chain options platform that allows users to track and manage their long and short positions. Opyn is a non-custodial margin trading platform based on Ethereum, Compound, Uniswap and DAI, which enables anyone to long or short ERC20s through the platform. In June 2019, the platform launched the Ethereum mainnet.
Opyn options platform completed 2.16 million in June 2020 USD financing. The round of financing was led by Dragonfly Capital, with participation from Version One Ventures, Uncorrelated Ventures, 1kx, A. Capital, DTC Capital, CoinFund, and Compound CEO Robert Leshner.
Ribbon Finance
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Official website: https://www.ribbon.finance /
Ribbon Finance is a DeFi structured product protocol created by combining options, futures and fixed income portfolio. At present, a multi-protocol strangle option (strangle option) has been launched. Ribbon will look for the lowest price put and call options on Opyn, and purchase and package them into smart contracts on behalf of users. It should be noted that in order not to affect the profit of the strategy, the maximum amount of funds withdrawn from the Ribbon every week is 10% of the pool funds. After the withdrawal amount reaches 10% in the current week, withdrawals will be restricted, and a new round of withdrawals will start next week quota. And each withdrawal will be charged a fixed withdrawal fee of 0.1%.
On May 9, 2021, Ribbon Finance completed the investment led by Dragonfly Capital, Nascent, Coinbase Ventures, Scalar Capital, etc. Participated in the seed round of financing.
ParaSwap
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Official website: https://paraswap.io/
< p line="25PJ">ParaSwap is an on-chain aggregation exchange. Based on the self-built ParaSwapPool exchange pool, it also aggregates protocols such as Kyber, Bancor, Uniswap, Oasis, Curve, and 0x. When trading on ParaSwap, it will automatically calculate for you how to split a transaction to ensure the lowest slippage, and complete all small orders split by users in one transaction. At present, ParaSwap does not charge any additional fees in the middle, and provides professional traders and dApps with plug-and-play APIs, SDKs, and a set of smart contracts for fast integration and arbitrage between off-chain and on-chain. The ParaSwap V2 version of Multi Path is now online, and has fully upgraded all major aspects of the aggregate trading system such as transaction slippage, API, and SDK.
Kava Swap
< p line="tPSJ">Official website: https://www.kava.io/
Kava Swap is built on the Kava blockchain platform, connecting DeFi applications and financial services Cross-chain liquidity center. Its incentivized testnet launched on July 12, and its mainnet will launch on August 30 alongside the Kava 6 mainnet. As one of the common community incentive methods when the mainnet is launched, does not rule out Kava Swap has the possibility of issuing airdrops when the mainnet is launched.
Kava Swap’s development team, Kava Labs, received an investment from Framework Ventures in April 2020. Subsequently, in July 2021, Kava Labs received lead investment from Lemniscap and Digital Asset Capital Management, followed by institutions such as Ripple's Xpring, Coil Technologies, 2020 Ventures, Arrington Capital, Hard Yaka, Robot Ventures, and UniValues Associates.
Matcha
Official website:https://matcha.xyz/
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Matcha is a DEX aggregator launched by 0x Labs, and its function is similar to 1inch. Matcha disperses transactions to protocols such as 0x Mesh, Kyber, Uniswap, Curve, Oasis, etc., and constantly updated liquidity resources will match traders with the best prices. The platform officially launched on July 1, 2020.
Zapper
Official website: https://zapper.fi/
Zapper is a DeFi asset management platform, which is a merger of DeFiZap and DeFiSnap. Provide multi-asset pool services, users can put their own tokens into different DeFi pools with one click, and manage and track their positions through the dashboard interface.
Zapper has acquired dozens of institutions including Coinbase Ventures, CoinGecko Ventures, Delphi Ventures, ParaFi, Nascent, Mark Cuban, etc. and investor investments.
Zerion
Official website: https://zerion.io/
Zerion is also a DeFi asset management platform. According to co-founder and CEO Evgeny Yurtaev, Zerion is positioned as the Coinbase of the DeFi field. According to official disclosure data, Zerion already supports more than 60 DeFi protocols. As of June 2021, Zerion has more than 200,000 monthly active users and a cumulative transaction volume of more than 750 million US dollars.
In 2019, Zerion received $2 million in seed round funding from Placeholder, Blockchain.com, and Gnosis, among others.
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