The author has selected 10 innovative projects worth paying attention to, including DEX, Game, and on-chain tools. In addition to DeFi innovation projects, there are also two insurance projects worth noting: a BTC-supported life insurance project and a platform that provides insurance for non-collateralized assets. It is common for DeFi projects in the cryptocurrency industry to be attacked, so new insurance-related projects are worth paying attention to and may be part of future narratives. Another good project is a luck-based on-chain gaming platform, which is more straightforward compared to traditional gambling and may be favored by users. The following are the projects worth paying attention to this time:

DeDeland

DeDeLend is the first on-chain options aggregator platform. Users can trade perpetual swaps (GMX and Gains) and options (Hegic, Lyra, Premia, Dopex) through its simple and intuitive UI.

DeFi options face the biggest problem of liquidity fragmentation, and the emergence of DeDeLend is to solve this problem. Unlike options platforms like Deribit, decentralized solutions seem unable to accumulate liquidity for large trades, which is exactly what DeDeLend is suitable for. One example given by the team is "for example, you can create a Strangle by combining Hegic's Call options with Lyra's Put options".

The unified trading terminal is similar to aggregators like Bungee (cross-bridge asset aggregator). For example, when users are conducting perpetual trading, they can choose GMX or GNS. When conducting options trading, they can choose Hegic or Lyra. The platform can help users find the most suitable trading platform with just one click. In addition, DeDeLend allows users to set stop-loss or take-profit orders (only applicable to trades conducted through Hegic and Lyra). When the predetermined loss level is reached, the position will be automatically closed, eliminating the need for users to monitor asset price fluctuations at all times. This can effectively manage risks and prevent significant losses for users. Furthermore, the unified trading terminal greatly enhances the user experience.

保证金账户也是 DeDeLend 另一个比较重要的产品，该产品可以提供非常实用的功能，比如多抵押品、全仓保证金和高达 5 倍的杠杆。可以让用户有效地处理交易活动，使用多种资产作为抵押品，获得更大的购买力。

The margin account is also another important product of DeDeLend, which can provide very practical functions, such as multiple collateral, full margin and up to 5 times leverage. It can effectively handle trading activities for users, use multiple assets as collateral, and obtain greater purchasing power.

Overall, DeDeLend has opened up a new dimension for DeFi options trading. However, the platform has not yet mentioned tokens or a roadmap, and we look forward to further updates on this project.

Bingo0x

Spinach GameFi narrative has been going through cyclical changes. Bingo0x is an on-chain spinach gaming platform that can be considered as a new spinach gaming project to watch for the next cycle, perhaps as a major participant in the next spinach narrative.

The gameplay of Bingo0x is very simple. Players need to purchase a card/ticket with their chosen numbers and then watch as random numbers with letters (such as A-7) are drawn until a player completes the "Bingo" pattern. Similar to scratch-off tickets, the winner's card must have the set of winning numbers or some of them. The prize for the winner is paid in cryptocurrency and stablecoins. Perhaps the platform will support other luck-based games in the future.

Bingo0x is not like most GambleFi platforms that engage in complex casino-like games. Compared to other on-chain betting platforms, Bingo0x's advantage is that the game is simple, straightforward, and transparent.

One Click Crypto

1CC is a platform that evaluates users' risk avoidance level through AI internal assessment. AI will analyze users' on-chain history through their wallets and build personalized recommendations based on their profiles. For the cryptocurrency industry, the form of generating investment portfolios through answering questions is quite innovative.

Firstly, the system will prompt users to answer a few questions, and then evaluate their risk aversion level based on their answers and on-chain history. After that, AI will generate the most suitable investment portfolio for the user. With just one click, AI creates an investment portfolio that utilizes 5 on-chain protocols and 10 pools, with an average APY of 28.34%.

And the project's token 1CC will be launched soon, and the airdrop plan has been announced. The rule is to take a snapshot of OBT token holders 7 days before the 1CC launch, and the reward will be airdropped the next day. Every 3.5 OBT holders will receive one 1CC token. For more information about OBT, please refer to this link. DYOR!

meanwhile

Meanwhile is the industry's first life insurance company supported by Bitcoin and driven by AI. It only accepts BTC as premiums and pays all claims in BTC. The company's leaders and some investors believe that BTC is becoming a global store of value and functional currency.

Here are the reasons why meanwhile is worth looking at:

- At the same time, it is the first life insurance company supported by BTC and driven by artificial intelligence, and has already gone public.

- With a valuation of $100 million, the first seed funding round of $19 million was led by Sam Altman, CEO of OpenAI, and Lachy Groom, a former employee of payment giant Stripe. The second seed round was led by Gradient Ventures, a Google-backed venture capital fund.

- This life insurance company is licensed and regulated in Bermuda, compliant with US tax laws, and currently only accepts US users.

- It is also a good way for intergenerational wealth transfer in the cryptocurrency industry. For example, if you buy a death insurance policy for 10 bitcoins, your next generation will have the opportunity to receive 25 bitcoins in the future. Imagine how much the value of bitcoins will be in many years.

This company uses AI to file claims and assess the health risks of applicants, and only deals with Bitcoin. Customers pay their premiums in cryptocurrency each month, and claims are paid out in cryptocurrency as well. Like many other life insurance providers, they also use a portion of the monthly premiums for lending and earning interest.

Cordyceps

Cordyceps is a DeFi insurance and options platform. As part of the Root ecosystem, Cordyceps provides insurance for pegged assets (such as stablecoins or liquid staking derivatives), allowing users to hedge against the risk of decoupling for certain assets.

In addition, Cordyceps is a full-chain platform that brings a market with great potential, and it can occupy a large share of the market. The DeFi industry is constantly innovating, and the number of DeFi derivatives is also increasing. However, due to the lack of utilization of the growing asset pool, derivatives lack universality. In order to comprehensively cover the DeFi insurance field, Cordyceps will also provide a wider market coverage in the future, not just guaranteeing assets.

Marginly

Marginly is a margin trading and derivatives application based on smart contracts, allowing users to long/short assets with up to 20x leverage on different DEX and AMM platforms (such as Uniswap, SushiSwap, Curve, Balancer, etc.).

Marginly provides a flexible leveraged trading interface built using a mobile-first approach, and simplifies integration with DeFi aggregators, routers, and wallets. Features include:

-Marginly Trading: Up to 20x leverage trading (long and short) through connected DEX liquidity pools.

-Marginly Fee: Provide liquidity to the independent funding pool on Marginly as a loan tool for other users to use for leveraged trading.

-Option strategy: Marginly introduces a combination of Uniswap v3 liquidity and market positions to simulate complex option strategies, allowing for profits in sideways/range-bound markets.

-Fully Decentralized: Marginly does not use off-chain information and relies on Uniswap v3 oracle.

- Risk Isolation: Each Marginly liquidity pool consists of a single risky asset plus stablecoins. Through this method, risk is completely isolated to a single volatile asset, making it more predictable and manageable. The Marginly risk framework allows for maximum efficiency in utilizing borrowed capital while ensuring strict control over the pool's solvency.

-Unlimited liquidity circulation: Margin can achieve a self-reinforcing cycle, where the assets generated by the transaction can be used as leverage for reverse transactions by the other party. In the end, long pays short and short pays long.

-Deleveraging and liquidation: In the case of additional margin requirements, the system automatically reduces the debt amount in the investment portfolio by reversing trades in the pool rather than auctioning positions on the linked DEX.

- Order routing: Marginly aims to execute spot trades across multiple DeFi protocols in different blockchains, which helps to aggregate liquidity and enable trading of long-tail assets.

AKMD Finance

AKMD is a community-managed decentralized derivatives trading platform. It supports spot, perpetual, options, and copy trading. The protocol allows for additional customization of markets and derivatives through governance.

For LPs, liquidity providers offer AKMD liquidity funds, which are locked on-chain using the ERC-4646 standard vault. Users can deposit and withdraw these funds at any time. Additionally, the tokens received by users can be used as collateral for leverage. In terms of governance, idle assets can also be reinvested in other DeFi protocols, and the dynamic deposit interest rate used by AKMD can attract liquidity and manage risk effectively.

For spot traders, traders on AKMD can enjoy the lowest trading fees, with fees as low as zero. For perpetual traders, AKMD currently supports leverage of up to 100 times. When collateral is locked, the exchange also provides:

- Lowest fees, even as low as zero.

-Perpetual contract leverage of up to 100 times

-Margin can participate in liquidity mining and earn additional income.

- Loans against available collateral positions.

- On-chain replicated transactions allow for tracking of other traders' strategies.

Crust Finance

Crust Finance is a decentralized trading platform and AMM built on the Mantle network, focusing on providing efficient token swaps and deep liquidity for stablecoins and other assets. Crust Finance uses the ve(3,3) system to provide maximum potential returns for ecosystem users.

Crust Finance originates from Solidly's vision that all participants in the ecosystem can create a revenue cycle through cooperation. Users can lock their tokens CRST into the protocol to receive veCRST tokens, which can vote to decide which liquidity pools will receive CRST token emissions, while receiving fees and bribes as rewards for generating liquidity pool.

ETHEREAL SYSTEMS

Ethereal is a stablecoin protocol on the L1 protocol Radix, inspired by MakerDAO and Liquity. The project believes that MakerDAO's drawback is its difficulty in resisting upward decoupling, and Liquity's drawback is its low capital efficiency. Based on this, Ethereal proposes the EtherealUSD model, which adds instant redemption function, focuses on capital efficiency and ensures the ability to peg, and focuses on synthetic assets pegged to the US dollar. However, the prerequisite for minting any asset is only a reliable exchange rate between synthetic assets and collateral assets.

However, the project is still in its early stages and has only proposed a model. The subsequent operation has not yet been announced. Unlike other DEXs, the project announced a platform token IVO event on July 1st. Initial Validator Offerings (IVO) is a new fundraising mechanism that allows users to redirect staking rewards to their chosen projects and receive project tokens as profits.

The operation of IVO is as follows:

-DAO has set up a validator.

- The user entrusts the required assets to the DAO validator for a period of 6 months.

-Variable fees are adjusted to 100% (sending all staking rewards to the DAO vault).

- Snapshot is taken every hour, and tokens are reserved for IVO participants proportionally.

-The first airdrop to participants was distributed before the token went online.

- After the end of IVO, the second airdrop will take place.

Radpie

Radpie is a yield optimizer project launched by Magpie and Radiant Capital. Prior to this project, there were Magpie and Penpie. "Related reading: Governance Yield Aggregator Magpie's Innovative Advantages and Gameplay." Similar to Penpie and Magpie, Radpie also locks assets to obtain dLP and converts dLP into mdLP to increase user income. Users can stake mdLP on Radpie to earn RDNT and additional RDP (Radpie's governance and revenue-sharing token) rewards and protocol fees.

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