What Is LSDFi? Overview of LSDFi Protocols and How To Use Them

Alchemix — Pulling Back the Curtain: Flipside Crypto

Alchemix token is the governance token for the Alchemix protocol. 

Alchemix

Trust Wallet

MetaMask

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Onyxcoin

Bella Protocol

Verasity

DEXTools

Artificial Liquid Intelligence

Streamr

Stronghold Token

Agoras: Currency of Tau

OX Coin

Love Power Coin

Ten Best Coins

Pond Coin

Oracle AI

Keep3rV1 is a decentralized platform designed to facilitate the coordination between projects that need to source outside development operations and those who can provide those required services. Essentially, the project serves as a job board that facilitates the interaction between job posters, such as decentralized finance protocols, and job executors, known as Keepers. The tasks performed by Keepers range from submitting and calling transactions on-chain to completing complex operations off-chain. Keep3rV1 uses an ERC-20 token, KP3R, for governance and to provide rewards to Keepers.

The project was first announced on Oct. 22, 2020. It launched on the Ethereum mainnet in beta mode on Oct. 28, 2020.

Keep3rV1

Harvest Finance

Balancer is an automated market maker (AMM) that was developed on the Ethereum blockchain and launched in March 2020. It was able to raise a $3M seed round by Placeholder and Accomplice. Balancer protocol functions as a self-balancing weighted portfolio, price sensor and liquidity provider. It allows users to earn profits through its recently introduced token ($BAL) by contributing to customizable liquidity pools.

To learn more about this project, check out our deep dive of Balancer(https://coinmarketcap.com/alexandria/article/what-is-balancer.

The protocol operates a few types of pools:

Private pools give the owner governance over the pool, and make the person the sole contributor of liquidity to the pool. Also, all the parameters are mutable by the owner.

Shared pools are for those who want to become liquidity providers (LPs). The LPs are rewarded with the Balancer Pool Tokens (BPTs).

Smart pools are similar to private pools but are controlled by a smart contract. They also reward using BPTs and allow anyone to contribute liquidity to the pool.

Balancer

BarnBridge, founded in 2019, is a protocol for tokenizing risks. It was launched in September 2020. BarnBridge is a sort of decentralized finance (DeFi) lego for creating tradeable tokens that expose a consumer to market volatility. As of March 2021, the platform is still in an early stage of launch.

To learn more about this project, check out our deep dive of Quant.

BarnBridge is a project that expands the functionality of DeFi to make it more flexible and efficient. By tokenizing market fluctuations and exposure to risks, it can reduce volatility for conservative investors or increase it for daytraders. BarnBridge enables traditional risk management tools and fixed income instruments on the DeFi market. The main focus is dividing cryptocurrency risks into tranches so market participants, depending on their risk profile, can invest in different products or assets.

BarnBridge

Badger DAO is an open-source, decentralized automated organization that is dedicated to building products and infrastructure of simplifying the use of Bitcoin (BTC) as collateral across many smart contract platforms.

The platform is a shared space where the developers, known as Badge Builders, have the ability to collaborate and implement Bitcoin as collateral to as many blockchains as possible. A developer can earn a percentage of the fees and BADGER tokens from the developer mining pool for every implementation. The mainnet was launched on December 3, 2020.

A builder can be a single developer, a group of developers, or even a company. There are no fixed obligations to participation requirements, and anyone can create. The pillars of Badger DAO include the Badger Builders, the community-created products, the Dedicated Badger Operations team, the fairly initial distribution of the BADGER tokens for governance and the fact that all of the code is open-sourced.

Badger DAO

Enzyme

Convex Finance is a DeFi protocol that allows Curve liquidity providersto earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.

Convex has entered a competitive race to obtain as much control as possible of the Curve Finance stablecoin exchange. The more CRV tokens a protocol has, the more influence it has over interest rates on Curve, which is the largest DEX in the world by TVL. Consequently, the “Curve wars” are an ongoing race for influence over what is probably the most important protocol in DeFi.

Convex Finance

C.R.E.A.M Finance is a decentralized  DeFi lending protocol for individuals, institutions and protocols to access financial services. Part of the yearn.finance ecosystem, C.R.E.A.M. Finance is a permissionless, open source and blockchain agnostic protocol serving users on Ethereum, Binance Smart Chain Polygon and Fantom.

Users who are passively holding Ether or wBTC can deposit their assets on C.R.E.A.M. to earn yield, similar to a traditional savings account. For more information visit https://app.cream.finance/.

The C.R.E.A.M. Finance protocol was created as a Compound Finance fork.

C.R.E.A.M Finance is open-source, permissionless, blockchain-agnostic and offers yield farming rewards to its users in order to inclusively develop its network.

The project (which stands for Crypto Runs Everything Around Me) was launched unexpectedly on the Ethereum network on Aug. 3, 2020 through the YOLO liquidity pool. In September 2020 it went live on the Binance Smart Chain (BSC).

The CREAM token allows users to lend, borrow, stake assets and help govern the network, allowing them to vote on assets to support or delist.

Cream Finance

Ampleforth Governance Token

Radworks

Adventure Gold (AGLD) is the native ERC-20 token of the Loot non-fungible token (NFT) project. Loot is a text-based, randomized adventure gear generated and stored on-chain, created by social media network Vine co-founder Dom Hofmann. The project intentionally has no front-end interface, images, statistics or functionality. Instead, it is based on a set of 8,000 text-based NFTs open to how the community wants to interpret it. The NFTs contain texts of gears ranging from the “Holy Greaves of Giants” to the “Grim Shout.” As of Sept. 8, 2021, the floor price of Loot on OpenSea is 8.56 ETH. Numerous derivative projects are being built around Loot and can be found here.

Adventure Gold was launched on Sept. 2, 2021, and allowed each owner of a Loot NFT to claim 10,000 tokens for free. With the price of AGLD skyrocketing in the initial days of trading, this airdrop was worth as much as $70,000 per NFT. AGLD founder Will Papper claimed he wanted to set a standard for projects building on Loot by providing a currency for the decentralized gaming universe.

Adventure Gold

Founded in 2018, SuperRare is the leading curated marketplace for onchain art with more than US$300M in total sales and US$180M earned by artists. As one of the earliest champions of perpetual artist royalties, SuperRare is working to improve discovery while decentralising the art market. Core to SuperRare is $RARE, a token offering utility as a currency on the marketplace, a staking based reputation system, and DAO governance rights.

SuperRare is governed by $RARE token holders through RareDAO and sits atop Rare Protocol, an ecosystem focused on unifying the currently fragmented NFT landscape to supercharge the industry’s ability to revolutionise the economics of human creativity through onchain innovation.

SuperRare

Unifi Protocol DAO

Bonfida

Bounce Token

Liquity

Ethernity Chain

Spell Token (SPELL) is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). Abracadabra uses the Kashi Lending Technology pioneered by SushiSwap (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral they decide to use. Users can deposit collateral and borrow MIM against it. Abracadabra also offers yield farming opportunities, where users can stake their liquidity provider (LP) tokens to farm SPELL. This facilitates better liquidity for certain cryptocurrency pairs, currently Ether (ETH)-Spell Token (SPELL) and Magic Internet Money (MIM)-LP 3pool Curve (3CRV). Furthermore, users can also open leveraged farming positions using borrowed MIM from their interest-bearing collateral.

Spell Token

Perpetual Protocol is a decentralized exchange (DEX) for futures on Ethereum and xDai. Traders can go long or short with up to 10X leverage on a growing number of assets like BTC, ETH, DOT, SNX, YFI and others. Trading is non-custodial, meaning traders always retain possession of their assets, and on-chain. Perpetual Protocol utilizes a virtual automated market maker (vAMM), which provides on-chain liquidity with predictable pricing set by constant product curves. Furthermore, Perpetual Protocol designed its vAMMs to be market-neutral and fully collateralized.

The declared vision of Perpetual Protocol is to create the world’s best, most accessible, and most secure decentralized derivatives trading platform. By building on our DeFi projects and allowing projects to build on Perpetual Protocol, the company embraces the “DeFi money lego” ethos. After hitting a number of milestones in its roadmap, such as launching staking pools and implementing limit and stop-orders, Perpetual Protocol plans to expand to other chains, introduce leveraged tokens, and launch dynamic liquidity in its pools.

Perpetual Protocol

Idex claims to be the first hybrid liquidity DEX that combines an order book model with an automated market maker. It blends the performance and features of a traditional order book model with the security and liquidity of an AMM. Idex takes an innovative approach to decentralized exchanges by combining an off-chain trading engine with on-chain trade settlement. Users benefit from that in several ways.

First, this approach does away with failed trades and wasted money on gas fees, making the trading experience more pleasant and efficient. The instant trade execution means front-running or sandwich attacks are not possible and users can trade without waiting for previous trades to settle. As a result, more advanced order types and trading strategies can be executed since limit orders are possible, opening up arbitrage opportunities with other exchanges.

Idex follows an ambitious roadmap that envisions a multi-chain future for the exchange, which currently runs on Ethereum and Binance Smart Chain. For the remainder of 2021, it plans to launch on second layer solutions and Polkadot and implement a referral. For the future, Idex plans to implement leverage trading and launch on additional layer one and layer two blockchains.