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A list of 9 new projects that 50 developers are optimistic about

Read this article in 21 Minutes

The content you see next comes from 50 different developers who will introduce their projects in the most concise language.

Original author: fomosaurus, encryption enthusiast

Original compilation: 0x137

I have been communicating with many developers in the past few weeks, and found some very interesting projects, and I think it is necessary to share them with you. I know that there are many articles introducing high-quality projects, so this article has also made some interesting attempts.

The content you will see next is all from the developers. Make a brief introduction in five aspects: function, supported public chain and development progress.

Without further ado, let's get started:

Galleon DAO

Problems solved:

By combining the Optimistic Governance model (Optimistic Governance) with the basic architectural knowledge of Set Protocol, Galleon DAO aims to identify new encryption narratives and break through the already structured Product space, to take the lead in launching corresponding new products to meet the needs of users.

Unique Features:

Galleon DAO adopts an optimistic governance model, which is a DAO governance mechanism that enables fast-paced, proactive and streamlined governance. The DAO only votes on whether an ongoing project needs to be terminated, which enables Galleon to efficiently coordinate and execute the development of new products and provide users with strategies to keep pace with the market.

In addition, Galleon DAO is not just a fork of a DeFi project. In a structured product space, you need certain professional Developed on the DeFi protocol, from this perspective, Galleon DAO has a unique advantage.

Cool features:

Through a scalable, composable and fully endorsed ERC-20 Token, our structured products can provide users with a series of themes, narratives and strategies investment exposure. At the same time, the Token can also be used with other DeFi functions, such as pledge mining and lending.

Supported public chains:

Galleon DAO's governance token is currently deployed on Arbitrum, but Galleon's future products will be multi-chain and focus on Layer 2. One of the great prospects of Galleon DAO is that it is not only dependent on a specific public chain, but can develop revenue-generating products in all networks that support Set Protocol.

Development progress:

Galleon DAO and Beverage Finance's first collaboration product, SOLUNAVAX Index, has been launched on Optimism. We also launched Doublon’s treasury launch event to support the roadmap of product and community initiatives. Plus, we're hiring!

Gradient Protocol

Problem solved:

We are building the first DeFi lending agreement with NFT as collateral, which allows users to use any NFT as collateral for instant loans, and at the same time Let people earn interest through the NFT they own.

Unique Features:

Gradient uses Abacus Spot to track the market price of a specific NFT in real-time, so loans can be automatically issued immediately and with a very high loan-to-value ratio.

Cool features:

As long as you hold NFT, Gradient can bring you interest and various passive income.

Supported public chains:

Ethereum mainnet and Arbitrum, Optimism is likely in the future.

Development progress:

Development is nearing completion, however fundraising opportunities are still welcome.

Timeless Finance

Problem solved:

Achieving Tokenization benefits with maximum composability and liquidity.

Unique Features:

Different from existing agreements, Timeless provides never-expiring Perpetual Yield Tokens (Perpetual Yield Tokens), which are easier to hold, use and trade, and It is easier to provide deep liquidity for it.

In addition, Timeless also provides Negative Yield Tokens (Negative Yield Tokens), which is a protocol-native mode of short yield.

Cool features:

Timeless has developed a new AMM that provides deep liquidity for PYT and NYT and maximizes returns for LP pools.

Supported public chains:

The Ethereum mainnet will soon support Fantom and other public chains.

Development progress:

Under development, the Beta testnet is expected to be launched in late March or early April.

LVL Protocol

Problem solved:

Provide a composable on-chain reputation system for DAO, community and metaverse products.

Unique Features:

LVL Protocol emphasizes the composability of data, but it is not just a reputation system, it is a system that integrates all systems (verifiable credentials, web3 data, web2 data etc.) into an infrastructure that any smart contract can integrate at a "basic skill level".

Each community can dictate skill levels applicable to its ecosystem context, even when using data aggregated from external communities. For example, IndieDAO could aggregate data on members of Developer DAO, Vector DAO, and Friends With Benefits into an overall "design" or "development" skill, and give them access to specific projects based on this combined reputation score.

Cool features:

Compared with the standard 721 or 1155 Token gating scenario, the "skill level" can be stored on the chain at a cost lower than the average gas fee of 3000%.

Supported public chains:

Ethereum, each Layer 2 will also be launched soon.

Development progress:

The alpha version provides limited access.

Floor DAO

Problem solved:

Floor DAO aims to provide blue-chip NFT with deeper liquidity, enabling them to obtain income through various DeFi applications. It is realized through the combination of infrastructure and Olympus's Bonding mechanism.

Unique Features:

Floor DAO is a fork of Olympus V2, but it is different from other forks in that its revenue-generating strategy is very clear, that is, in NFTX Pledge the PUNK and PUNK-WETH liquidity owned by the treasury and earn transaction fees.

Different from other Olympus forks that focus on low-yield stablecoins, the income of NFT market making on NFTX can usually reach 3 to 4 digits, and Presented in the form of PUNK Token (fragmented Crypto Punk). This organic yield leads to a very sustainable future where the DAO intends to expand its collection of blue-chip NFTs beyond Crypto Punk in the future, but this requires a DAO vote on this.

Floor DAO's founding members are NFTX developers and designers who share a vision for DeFi and NFT composability, which can fundamentally change the market.

Cool features:

The impact of bringing deep liquidity to blue-chip NFTs goes well beyond the earning potential of Floor DAO. Collectors will be able to quickly trade Crypto Punks at fair market prices; developers will be able to use reliable price oracles to integrate PUNK into DeFi platforms; traders will be able to use PUNK Token to price assets above the floor price. With sufficient liquidity, centralized exchanges can even consider listing PUNK.

This is just one aspect of building products from NFT liquidity. If Floor DAO is successful, it will create a powerful web3 building block for other developers.

Supported public chains:

Ethereum Mainnet.

Development progress:

FloorDAO is currently being tested on Rinkeby and will conduct LBP via Copper on February 22nd to distribute the governance token aFLOOR. aFLOOR holders will vote on the deployment of the open source protocol and its initial set of parameters.

Fief Guild

Problem solved:

Fief is an innovation of the traditional guild model to change its heavy reliance on the "Gold Apprentice" mechanism (Scholarship). It is the first economic guild that focuses entirely on trading interactions between game players. Through a set of master protocols, guilds are able to achieve self-sustainment while unlocking previously hidden utility and value for the assets the guild acquires from the entire Metaverse ecosystem.

Fief's protocol and experience are tailored for gamers, Gamefi and metaverse assets. Relying on the core essence of DeFi, Fief's ultimate goal is to create A user-friendly experience to attract millions of user groups.

Metaverse assets are extremely scarce and highly competitive, requiring a lot of research, and Fief will benefit from the community and industry opportunities it is building.

Unique Features:

Fief is introducing an internal economic game model that will allow guilds to be productive and self-sustaining while retaining as much user.

Additionally, Fief's guild factions mode allows users to quickly find their "clan" and add quests and incentive paths that match their interests. With GameFi and the Metaverse rapidly expanding, gamers can benefit from an experience tailored to them by the Fief Guild.

Cool features:

By having an RPG-style character to represent their identity on the Fief protocol, users can benefit on various platforms according to the NFT equipped with their character.

Supported public chains:

The main tokens and contracts are deployed on Avalanche, which will gradually develop into multiple chains in the future.

Development progress:

Token has been listed on Trader Joe's Rocket Joe this week, and trading is now officially open.

Fief Marketplace will be launched together with Initial Guild Membership NFT in early March, which is the main event for distributing FIEF Token and our first gamified guild faction system an entry point.

The Idols NFT

Problem solved:

The Idols is an NFT + DeFi project, the community can obtain permanent passive income while maintaining Ethereum. The Idols are creating a new framework that aligns founders with their communities so that everyone is exposed to the long-term success of the project in the same way.

Unique Features:

100% of the minting income will be pledged, and the reward will be distributed to the community; 100% of the transaction commission will be directly distributed to the community; the Token distribution cycle of the founding team depends on on the success of the project.

Cool features:

Continuously expand the treasury through a virtuous circle to increase returns to the community; the Goldlist mechanism keeps the team's Token distribution cycle consistent with the community.

Supported public chains:

Ethereum Mainnet.

Development progress:

The minting event will take place on March 5, 2022.

Echidna Finance

Problem solved:

Echidna Finance is the protocol that provides the ultimate yield boost for Platypus Finance on the Avalanche chain. Echidna simplifies the yield farming process for Platypus users and boosts stablecoin yields with vePTP inventory in the treasury.

Unique Features:

Echidna will be Platypus Finance's first yield protocol, allowing anyone to achieve up to triple-digit stablecoin APRs utilizing Echidna's vePTP inventory. In addition, Echidna will distribute Token fairly, not allocate any funds to VC, and initiate initial liquidity through the community.

Cool features:

Users can use Echidna’s Zap feature to deposit stablecoins directly into Platypus with one click.

Supported public chains:

Avalanche.

Development progress:

Currently waiting for the review and whitelist of Platypus, and the airdrop of Token has been announced; the initial liquidity launch will be carried out on February 21; the Beta version will Launched at the end of February.

Watchtower

Problem solved:

Watchtower allows NFT investors and traders to track, filter and categorize events happening across the NFT ecosystem in order to better discover, evaluate and capitalize on potential market investment opportunities.

Unique Features:

Watchtower allows users to aggregate data and messages related to events onto the scan board and cross-reference all data in one view, which helps users to comprehensively understand what is happening.

Cool features:

Our team prefers the "Quick Track" function (Quick Track), which can click on any wallet address or collection encountered in Watchtower, and Automatically generate scan boards with presets to track key events related to them.