Bitcoin broke through 31,000 two weeks ago and then fell back to around 29,000. It seems difficult to obtain high returns from speculation, but new projects are emerging and project parties are still working hard. At this time, we need to shift our focus to the new projects themselves. BlockBeats has compiled a list of DeFi new projects worth paying attention to recently, and perhaps the next Alpha will be among them:

Pound Swap

Pound Swap is a community-driven ve(3,3) liquidity book DEX built on zkSync, providing a powerful trading platform for DeFi liquidity and token swaps. As a branch of Trader Joe Liquidity Book, Pound Swap is designed and functionally similar to Traderjoe LB, providing users with zero slippage and high capital efficiency AMM solutions. Pound Swap is the first DEX to combine ve(3,3) with Liquidity Book, and also the first attempt to combine LB with ve(3,3), hoping to provide a more fair and efficient solution for liquidity management and token incentives. Pound Swap is currently not yet online, and you can follow its progress for updates.

The characteristics of Pound Swap are:

-Zero slippage: Traders can swap tokens with zero slippage on the platform.

-Surging Pricing: LP earns additional dynamic fees during periods of intense market volatility.

- High capital efficiency: The liquidity book can support large-scale transactions with low liquidity requirements.

- Flexible Liquidity: LPs can construct flexible liquidity allocation based on their own strategies.

Mori Finance

Mori Finance is the next-generation native stable asset DeFi protocol on Ethereum. It generates low-volatility stable assets by collateralizing ETH without causing any loss. In addition, users can choose to create asset derivative products (ETHS, ETHC) as hedging assets against ETH price fluctuations, allowing them to hold ETH long positions for free without facing liquidation risks. Currently, it is in the testnet phase.

Previously, there have been stablecoins pegged to ETH, such as LUSD, but these types of stablecoins have limitations in terms of capital efficiency and scalability, and are lagging behind fiat-backed stablecoins in terms of volume. Mori Finance proposes to divide the volatility of ETH into low-volatility stable assets and high-volatility derivative assets. For example, users can choose to hold high-volatility ETHC (ETH Coin) assets and low-volatility ETHS (ETH Stable) assets based on their risk preferences.

ETHS is a stablecoin token supported by ETH, which can minimize asset volatility and is a low-volatility token. In addition, it can earn additional LP (ETHS/USDC) income. ETHC is designed as a leveraged long ETH perpetual token, which can be used to leverage long ETH without forced liquidation. The token also has an emergency control mode that can reduce the leverage multiple of ETHC.

Currently, this protocol only supports stETH as collateral. Users can decide on their own the ratio of splitting their ETH into ETHC and ETHS. The price of ETHS changes by 10% of the price of ETH. For example, if ETH increases by 10%, then ETHS will increase by 1%.

Zephyr Protocol

Zephyr Protocol is a stablecoin protocol that combines the privacy of Monero with a 3-token model. Its three tokens are:

-ZEPH (base token)

-zephUSD (stable token)

-zephRSV (reserve token)

ZEPH can be obtained through mining and used to over-collateralize zephUSD (with a coefficient of 400%), and there is a supply limit. The disadvantage of ZEPH is its "low availability" and can only be purchased on Seven Seas. To some extent, this is also part of its "privacy", as the protocol is currently in beta testing. Zephyr inherits Monero's privacy features and its highlight is a decentralized, privacy-focused stablecoin. The protocol's innovative concept comes from "Djed, the first decentralized stablecoin on Cardano". To bridge the gap between privacy and stability, Zephyr utilizes the mechanism of the Djed Protocol while combining Monero's inherent strong privacy features. It is also the industry's first privacy-focused over-collateralized stablecoin, marking a significant leap forward in crypto development.

Galador

Galador is a DEX built on the Mantle network, with the goal of providing the most liquid market for DeFi infrastructure, traders, LPs, DAO treasuries, and developers based on the Mantle network. Unlike traditional DEXs, the protocol focuses on providing customized methods for liquidity provisioning, with a priority on its composability.

The features of Galador mainnet after its launch include:

-Dual AMM model, supporting trading of volatile assets (UniV2) and stable assets (Curve).

- Concentrated liquidity, achieving higher capital efficiency.

-LP provides a liquidity earning platform token GLDR.

- Obtain mining and platform revenue through token collateralization platform.

Currently, Galador supports the Mantle testnet and is also preparing to launch one of the DEXs on the Mantle mainnet Alpha in the near future. The token has not yet been issued, but users can prepare in advance to participate in swaps and add liquidity on its network. There may be good fortune in the future.

OmxLab

OmxLab is one of the newer projects among these, and its social media was launched in July. Similar to GMX, Omx is a forked project of GMX. Its feature is supporting up to 50x leverage trading with zero slippage. The reason why it is worth paying attention to is that this DEX is built on Osmosis, aiming to transform Osmosis into a comprehensive "universal trading center" to improve capital efficiency and provide seamless trading experience for Osmo users.

Its transaction functions are as follows:

Trading: zero price impact on trading, up to 50x leverage, zero interest rate on blue-chip assets, and no counterparty risk environment.

Integration: OMX ensures seamless routing of liquidity between margin trading, IBC-supported DEX, and EVM-based DEX, ensuring optimal asset utilization.

Liquidity: Experience unified liquidity depth in various multi-chain networks in the Cosmos and EVM ecosystems, including support for wallets such as Metamask;

Link: OMX will initially be deployed on Osmosis and Polygon, and may be expanded to more chains in the future.

Welcome to join the official BlockBeats community:

Telegram Subscription Group: https://t.me/theblockbeats

Telegram Discussion Group: https://t.me/BlockBeats_App

Official Twitter Account: https://twitter.com/BlockBeatsAsia