Week in DeFi: SEC Clamps Down on Crypto, Zero-Knowledge Players in Motion and a Revived Umami

Defensibility in the Time of DeFi

CoinMarketCap Earn Launches 1,000,000 GRT Campaign With The Graph

Hedging Against Impermanent Loss: A Deep Dive With FinNexus Options

What Is Yield Farming?

## Balancer (BAL) คืออะไร?
 
 Balancer เป็น automated market maker([AMM](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm)) ที่พัฒนาขึ้นบนบล็อคเชนของ Ethereum และเปิดตัวในเดือนมีนาคม 2020 สามารถระดมทุนรอบแรกได้ถึง 3 ล้านเหรียญ จาก Placeholder และ Accomplice [โปรโตคอล Balancer](https://coinmarketcap.com/alexandria/article/what-is-balancer) ทำหน้าที่เป็นพอร์ตโฟลิโอที่ถ่วงน้ำหนักของตนเอง, เซ็นเซอร์ราคา และผู้ให้บริการสภาพคล่อง อนุญาตให้ผู้ใช้ได้รับผลกำไรผ่านโทเค็นที่เพิ่งเปิดตัว ($BAL) โดยการบริจาคให้กับกลุ่มสภาพคล่องที่ปรับแต่งได้
 
 โปรโตคอลดำเนินการในบางกลุ่ม:
 
 * **กลุ่มส่วนตัว** มอบอำนาจการดูแลให้กับเจ้าของ และทำให้บุคคลนั้นเป็นผู้สนับสนุนสภาพคล่องของกลุ่ม นอกจากนี้ พารามิเตอร์ทั้งหมดยังสามารถเปลี่ยนแปลงได้โดยเจ้าของ
 * **กลุ่มที่ใช้งานร่วมกัน** มีไว้สำหรับผู้ที่ต้องการเป็น [ผู้ให้บริการสภาพคล่อง](https://coinmarketcap.com/alexandria/glossary/liquidity-provider) (LPs) LP จะได้รับรางวัลเป็น Balancer Pool Token (BPT)
 * **กลุ่ม Smart** นั้นมีความคล้ายกับกลุ่มส่วนตัวแต่ถูกควบคุมโดย smart contract พวกเขายังให้รางวัลโดยการให้ BPT และอนุญาตให้ทุกคนมีส่วนร่วมในสภาพคล่องของกลุ่ม
 
 ### ใครคือผู้ก่อตั้ง Balancer?
 
 Balancer Lab ก่อตั้งโดย Fernando Martinelli และ Mike McDonald โดยเริ่มเป็นโครงการวิจัยของบริษัทซอฟต์แวร์ "BlockScience" ในปี 2018 โปรเจ็กต์ Balancer นำเสนอเพื่อนร่วมงานที่ชาญฉลาดและมีความคิดเหมือน ๆ กัน พร้อมความเข้าใจอย่างถ่องแท้เกี่ยวกับพื้นที่ DeFi
 
 **Fernando Martnelli** ผู้ประกอบการแบบซีเรียลและสมาชิกชุมชน Maker มีประสบการณ์การทำงานนอก Balancer มานานหลายปี เขาได้ร่วมก่อตั้งบริษัทอื่น ๆ มากมายก่อนที่เขาจะเริ่ม Balancer กับ Mike McDonald ซึ่งเป็นหุ้นส่วนของเขา
 
 **Mike McDonald** เป็นผู้ร่วมก่อตั้งและ CTO ของ Balancer เขาเป็นวิศวกรด้านความปลอดภัยและเป็นผู้สร้าง mkr.tools เขาเข้าร่วมกับ Fernando Martnelli เพื่อสร้างแพลตฟอร์ม Balancer
 
 **Kristen Stone** ซึ่งเป็น COO ของ Balancer ทำงานในอุตสาหกรรมคริปโตมานานกว่า 5 ปี เธอเป็นผู้จัดการผลิตภัณฑ์ที่ Coinbase และได้สร้างทีมงานในด้านผลิตภัณฑ์และวิศวกรรม
 
 **Timur Badretdinov** เป็นผู้พัฒนาส่วนหน้าและเคยทำงานในหลายโครงการก่อนที่จะมาทำงานที่ Balancer เขาก่อตั้งบริษัทชื่อ "Longcaller" ซึ่งเป็นแพลตฟอร์มที่เน้นการรีวิวคริปโตเคอร์เรนซีและเนื้อหาเกี่ยวกับบล็อคเชนเพื่อการศึกษา
 
 ### อะไรที่ทำให้ Balancer ไม่เหมือนใคร?
 
 Balancer นั้นคล้ายกับ [Uniswap](https://uniswap.org/) และ [Curve](https://www.curve.fi/) ซึ่งช่วยให้ทุกคนสามารถสร้างกลุ่มโทเค็นได้ โดยกลุ่มสินทรัพย์จะปรับตัวเองเพื่อให้โทเค็นมีน้ำหนักเท่ากันโดยไม่คำนึงถึงการเปลี่ยนแปลงของราคา อย่างไรก็ตาม [คุณลักษณะเด่น](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) ของ Balancer คือสามารถเพิ่มโทเค็นได้มากกว่าหนึ่งโทเค็นและไม่จำเป็นต้องใช้ ETH
 
 แม้ว่า Balancer จะไม่ใช่โปรโตคอล DeFi ตัวแรกที่ใช้ AMM แต่ก็ได้นำเสนอรูปแบบที่ใหม่และแนวทางใหม่สำหรับสภาพคล่อง คุณลักษณะเฉพาะของโปรโตคอลคือช่วยให้ผู้ให้บริการสภาพคล่องมีสินทรัพย์ได้มากถึง 8 รายการต่อตลาด ซึ่งจะถ่วงน้ำหนักเป็นเปอร์เซ็นต์และปรับสมดุลใหม่โดยอัตโนมัติ
 
 ด้วย Balancer ผู้ใช้ไม่ต้องฝากเงินถึง 50% ของสินทรัพย์ที่ต้องการ แต่ได้รับอนุญาตให้ตัดสินใจได้ว่าต้องการฝากสินทรัพย์ที่รองรับจำนวนเท่าใด อีกหนึ่งคุณลักษณะเฉพาะของ Balancer Lab คือผู้ใช้สามารถสร้างผลตอบแทนที่สูงจากสินทรัพย์ที่มีความต้องการต่ำผ่านโอกาสในการเก็งกำไรและการลดของ Slippage คุณสามารถเรียนรู้เพิ่มเติมเกี่ยวกับวิธีการทำงานของ Balancer ได้ [ที่นี่](https://coinmarketcap.com/alexandria/categories/blog)
 
 ### มีโทเค็น Balancer (BAL) หมุนเวียนอยู่กี่เหรียญ
 
 Balancer ไม่ได้เปิดตัวด้วยโทเค็นดั้งเดิม อย่างไรก็ตาม ในเดือนมิถุนายน 2020 พวกเขาได้เปิดตัวโทเค็นการกำกับดูแล $BAL หลังจากการประสบความสำเร็จของ COMP ซึ่งโทเค็นของ Compound จุดประสงค์ของโทเค็นคือการอนุญาตให้มีการกระจายอำนาจมากขึ้นและถือเป็นสิ่งจูงใจสำหรับ LP
 
 จากทั้งหมด 100 ล้านโทเค็นที่ถูกสร้างขึ้น จะมีจำนวน 25 ล้านที่ถูกสงวนไว้สำหรับทีมงาน, นักพัฒนาหลัก, นักลงทุน และที่ปรึกษา มีการจัดสรรโทเค็น 5 ล้านโทเค็นสำหรับกองทุน Balancer Ecosystem ซึ่งจะใช้เป็นแรงจูงใจสำหรับพันธมิตรเชิงกลยุทธ์ อีก 5 ล้านโทเค็นจะได้รับการจัดสรรสำหรับการระดมทุนของกองทุน กองทุนนี้จะถูกใช้โดย Balancer เพื่อสนับสนุนการดำเนินงานและการเติบโตในการระดมทุนในอนาคต
 
 โทเค็นที่เหลือจะถูกขุดโดยผู้ให้บริการสภาพคล่องบนแพลตฟอร์มและปล่อยออกในอัตรา 145,000 โทเค็นต่อสัปดาห์ หากอัตราการแจกแจงคงที่ก็จะใช้เวลาประมาณ 8.6 ปี จึงจะเสร็จสิ้นการแจกจ่ายโทเค็น
 
 ### เครือข่าย Balancer มีความปลอดภัยอย่างไร?
 
 สำหรับ Balancer การรักษาความปลอดภัยมีความสำคัญสูงสุด และนั่นคือสาเหตุที่โปรโตคอลได้รับการตรวจสอบอย่างสมบูรณ์ถึง 3 ครั้งโดย Trail of Bits, ConsenSys และ OpenZeppelin ไม่มีคีย์ของผู้ดูแลระบบหรือแบ็คดอร์ จึงทำให้ไม่น่าเชื่อถือ และกลุ่มของบาลานเซอร์ก็ไม่สามารถอัพเกรดได้ Balancer ไม่รองรับโทเค็นที่ไม่เป็นไปตามมาตรฐาน [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) แม้ว่าอาจมีการใช้งานในบางกลุ่มก็ตาม
 
 โทเค็นที่เก็บไว้ในกลุ่มของ Balancer จะไม่ได้ถูกควบคุมโดย Balancer แต่ควบคุมโดย smart contract แทน อย่างไรก็ตาม นั่นไม่ได้ขจัดความเสี่ยงโดยธรรมชาติของ smart contract กลุ่มสิทธิ์ที่กำหนดค่าได้ (CRP) รับรองว่าโทเค็นที่มีปัญหาจะถูกห้ามไม่ให้ใช้งานในกลุ่มสินทรัพย์ นอกจากนี้ยังช่วยให้มั่นใจได้ว่าโทเค็นอื่น ๆ จะโต้ตอบกับโปรโตคอลได้อย่างปลอดภัย
 
 ### คุณสามารถซื้อ Balancer Token (BAL) ได้จากที่ไหน?
 
 Balancer อนุญาตให้ผู้ใช้งานเพิ่มมันไปยังกลุ่มสภาพคล่องเพื่อรับ $BAL ซึ่งจะมอบให้กับผู้ใช้ทุกสัปดาห์โดยอัตโนมัติ ตัวกลางการแลกเปลี่ยนยอดนิยมที่รองรับ $BAL ได้แก่ Binance, ZenGo, Global, HBTC, Kraken, OKEx, Huobi เป็นต้น หากต้องการเรียนรู้วิธีแลกเปลี่ยนสกุลเงิน fiat ของคุณเป็น $BAL นี่คือ [คำแนะนำ](https://coinmarketcap.com/how-to-buy-bitcoin/) โดยละเอียดเกี่ยวกับวิธีการดำเนินการดังกล่าว

Balancer

Ledger

Coinbase

HyperPay

Trust Wallet

MetaMask

Ethereum

Shiba Inu

Chainlink

UNUS SED LEO

Uniswap

Huobi BTC

Storj

Coin98

Omni Network

MAGA

Celer Network

iExec RLC

Braintrust

VVS Finance

Green Bitcoin

lmeow

CateCoin

Spectra Chain

X2Y2

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

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

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.

Compound

Band Protocol is a cross-chain data oracle platform that is able to take real-world data and supply it to on-chain applications, while also connecting APIs to smart-contracts to facilitate the exchange of information between on-chain and off-chain data sources.

By supplying reputable, verifiable real-world data to blockchains, Band Protocol unlocks a range of new use cases for developers to explore — since they can now use any type of real-world data as part of their decentralized application (DApp) logic, including sports, weather, random numbers, price feed data and more.

Band Protocol initially launched as an ERC-20 project on the Ethereum blockchain in September 2019, but transitioned to the Cosmos network in June 2020 with the release of Band Protocol 2.0. The new protocol is built on BandChain using the Cosmos SDK. Oracle nodes on BandChain not only relay data but are also involved in block production/validation, giving them a dual role.

BAND is the native token of the Band Protocol ecosystem and is used as collateral by validators involved in fulfilling data requests, as well as the main medium of exchange on BandChain — being used to paying for private data.

Band Protocol

Yearn.finance is an aggregator service for decentralized finance (DeFi) investors, using automation to allow them to maximize profits from yield farming.

Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.

Launched in February 2020, the service, formerly known as iEarn, has seen huge growth in recent months as new products debuted and developers released in-house token YFI.

yearn.finance

UMA was founded in 2018 by Allison Lu and Hart Lambur, two ex Goldman Sachs traders, with the goal of making global markets universally fair, accessible, secure and decentralized.

The team drew inspiration from traditional finance derivatives to define an open-source protocol to allow anyone, anywhere, to design and build trustless financial contracts.

Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.

Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.

In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.

Curve DAO Token

Bancor is an ecosystem of decentralized, open-source protocols that promote on-chain trading and liquidity.

Its main protocol, Carbon, is a decentralized trading protocol allowing users to perform automated trading strategies using custom on-chain limit orders and range orders, with the option of combining orders together to create automated buy low, sell high strategies.

By design, Carbon orders are irreversible on execution, easily adjustable directly on-chain, and resistant to MEV sandwich attacks. These capabilities give users an unprecedented level of control and automation to perform novel trading strategies on-chain.

Fast Lane, a separate open-source arbitrage protocol, allows any user to perform arbitrage between Bancor ecosystem protocols and external on-chain exchanges and redirect arbitrage profits back to the Bancor ecosystem.

All Bancor ecosystem protocols are governed by the BancorDAO via staked BNT.

Bancor

0x is an infrastructure protocol that allows users to easily trade ERC20 tokens and other assets on the many different blockchains (including Ethereum) without relying on centralized intermediaries. It is a protocol for decentralized exchange.

0x achieves this decentralized exchange functionality using a collection of open-source, publicly auditable smart contracts that work together to produce a flexible, low-friction trading protocol that developers can easily weave into their products.

The protocol is used by companies building web3 apps such as wallets, DEXes, portfolio trackes, and others. It is a used by hundreds of developers for their projects. The protocol has facilitates over $200B in trading volume since its inception. One can track its usage in its dedicated https://explorer.0x.org/.

The protocol is powered by an ERC20 governance token known as ZRX. ZRX holders can participate in protocol governance, having direct power over protocol changes and its community treasury.

0x Protocol

Synthetix is building a decentralized liquidity provisioning protocol that any protocol can tap into for various purposes. Its deep liquidity and low fees serve as a backend for many exciting protocols on both Optimism and Ethereum. Many user-facing protocols in the Synthetix ecosystem, such as Kwenta (Spot and Futures), Lyra (Options), Polynomial (Automated Options), and 1inch & Curve (Atomic Swaps), tap into Synthetix liquidity to power their protocols. Synthetix is built on Optimism and Ethereum mainnet. The Synthetix Network is collateralized by SNX, ETH, and LUSD, enabling the issuance of synthetic assets (Synths). Synths track and provide returns on the underlying asset without requiring one to directly hold the asset. This pooled collateral enables an array of on-chain, composable financial instruments backed by liquidity from Synthetix. Some of the most exciting upcoming releases from SNX are Perps V2, which hopes to enable low-fee on-chain futures trading through the usage of off-chain oracles, and Synthetix V3, which aims to rebuild the protocol to achieve its earliest goal, being a fully permissionless derivatives protocol. Learn more about Synthetix on their blog or by joining the SNX Discord.

The platform aims to broaden the cryptocurrency space by introducing non-blockchain assets, providing access to a more robust financial market.

Synthetix

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

Aragon

Ren (REN) is an open protocol built to provide interoperability and liquidity between different blockchain platforms.

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

Formerly known as Republic Protocol, Ren launched RenVM, its virtual machine mainnet, in May 2020, having completed a $34 million initial coin offering (ICO) in 2018.

The protocol’s native token, REN, functions as a bond for those running nodes which power RenVM, known as Darknodes.

Ren aims to expand the interoperability, and hence accessibility, of decentralized finance (DeFi) by removing hurdles involved in liquidity between blockchains.

SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.

SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.

SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.

SushiSwap

Maker (MKR) is the governance token of the MakerDAO and Maker Protocol — respectively a decentralized organization and a software platform, both based on the Ethereum blockchain — that allows users to issue and manage the DAI stablecoin.

Initially conceived in 2015 and fully launched in December 2017, Maker is a project whose task is to operate DAI, a community-managed decentralized cryptocurrency with a stable value soft-pegged to the US dollar.

MKR tokens act as a kind of voting share for the organization that manages DAI; while they do not pay dividends to their holders, they do give the holders voting rights over the development of Maker Protocol and are expected to appreciate in value in accordance with the success of DAI itself.

The Maker ecosystem is one of the earliest projects on the decentralized finance (DeFi) scene: the industry that seeks to build decentralized financial products on top of smart-contract-enabled blockchains, such as Ethereum.

Maker

OMG Network, formerly known as OmiseGo, is a non-custodial, layer-2 scaling solution built for the Ethereum blockchain. As an Ethereum scaling solution, OMG Network is designed to allow users to transfer ETH and ERC20 tokens significantly faster and cheaper than when transacting directly on the Ethereum network.

The network is based on a novel scaling solution called MoreViable Plasma, which uses a sidechain architecture to group several transactions off-chain into a batch, which can then be verified as a single transaction on the Ethereum root chain. According to OMG Network, this technology has the potential to scale Ethereum to thousands of transactions per second (TPS) — instead of the 10 to 14 tps Ethereum 1.0 is currently capable of.

The network is powered by the OMG utility token, which can be used as one of the payment methods for fees on the OMG Network, and will eventually be stakable — helping to secure the network in return for rewards.

OMG Network

Storj, pronounced as “storage,” is an open-source cloud storage platform. Basically, it uses a decentralized network of nodes to host user data. The platform also secures hosted data using advanced encryption.

In a white paper published in December,2014, Storj was first introduced to the world as a concept. It was to be a decentralized peer-to-peer encrypted cloud storage platform.

Two years later, an updated white paper was published. Here, a decentralized network  — connecting users who need cloud storage space with those who have hard drive space to sell — was described. The platform was launched in late 2018.

People with hard drive space and good internet connectivity can participate in the network. They become a unit in the network, called a node. Space providers are rewarded by Storj tokens.

Gnosis (GNO) builds decentralized infrastructure on Ethereum. Its mission has always been centered on experimentation and building decentralized infrastructure for the Ethereum ecosystem. When Gnosis was founded in 2015, it focused on building prediction markets to enable worldwide access to accurate information. While creating the prediction market platform, it became clear that Gnosis needed to build the infrastructure required to support it. Gnosis Safe, for example, was born of necessity.

Gnosis operates as a decentralized autonomous organization (DAO) which provides infrastructure for various types of decentralized applications (dApps), and builds products to transparently guide decisions on the development, support and governance of its ecosystem.

In November 2021, both the xDAI and GnosisDAO community voted to combine their vibrant ecosystems to create the Gnosis Chain: An Ethereum forerunner-companion that addresses scaling issues through solid engineering.

Gnosis

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space.

The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across over 400+ liquidity sources on 12 chains: Ethereum, BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, Fantom, Gnosis Chain, Klaytn, Aurora, zkSync and Base.

In just over two years the 1inch DEX aggregator has reached 1M users and surpassed $150B in overall volume on the Ethereum network alone.

The 1inch Limit Order Protocol facilitates the most innovative and flexible limit order swap opportunities in DeFi. The protocol’s features, such as dynamic pricing, conditional orders, and extra RFQ support, power various implementations, including stop-loss and trailing stop orders, as well as auctions.

The 1inch Wallet is a multichain mobile platform that provides an easy-to-navigate interface with secure storing, transaction, and staking capabilities. This versatile wallet was built from the ground up to streamline interacting with 1inch’s features.

The 1INCH token is the governance and utility token of the 1inch Network. 1INCH holders can stake their tokens to participate in the 1inch Network's DAO governance, including the 1inch DAO Treasury management. Also, holders can choose resolvers and earn a part of their fees.

With the 1inch Fusion, users can stake 1INCH tokens to receive Unicorn Power (UP), then subsequently delegate their UP to any 1inch Fusion Resolver to start receiving rewards from them. When staking, there is the option to set a custom or preset lock period. User’s st1INCH tokens cannot be unstaked/withdrawn without penalty until the designated lock period expires.

In December 2020, 1inch raised $12 million in Series A funding, led by Pantera Capital, with others including ParaFi Capital, Blockchain Capital, Nima Capital, and Spartan Group. The funding round was conducted through a SAFT (simple agreement for future tokens) sale.

In December 2021, 1inch has closed a $175 million Series B round, led by Amber Group. Among about 50 investors that participated in the funding event are Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund.

1inch Network

Kyber Network is a multi-chain hub of liquidity protocols that aggregates liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to deep liquidity pools that provide the best rates.

KyberSwap.com, its main DEX aggregator and liquidity platform, provides the best swap rates for traders in DeFi compared to individual exchanges. It also enables liquidity providers to maximize earnings via high capital efficiency. KyberSwap sources liquidity from multiple DEXes such as Uniswap, Sushi, Curve, QuickSwap, Pancakeswap, Traderjoe, Pangolin, SpookySwap, SpiritSwap, VVS Finance, Velodrome, GMX, and many others to achieve the best rates for traders on different chains. KyberSwap supports over 13 chains including Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Cronos, Arbitrum, Optimism, Velas, Aurora, Oasis, BitTorrent, Ethereum PoW, and soon Solana.

KyberSwap is decentralized and permissionless, not requiring account sign-up or personal information. All transactions on KyberSwap are on-chain, which means transactions do not need a centralized third-party, like a centralized exchange, and they can be easily verified using the Ethereum or other chains’ block explorer.

Projects can build with KyberSwap to access its different features, such as the instant settlement of token swaps, liquidity aggregation for the best rates, liquidity pools, and a customizable business model. Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without having to worry about liquidity for different needs.

The Kyber Network Crystal (KNC) token is a utility and governance token that is the "glue that connects different stakeholders in Kyber's ecosystem." KNC holders can stake their tokens in the KyberDAO to help govern the platform and vote on important proposals - and earn staking rewards in KNC that come from trading fees. Investors in KNC include #Hashed, Signum Capital, ParaFi Capital, HyperChain Capital.

Kyber Network Crystal v2

Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.

Contrary to a common misunderstanding, the majority of cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but rather pseudonymous; while they do not explicitly reveal the identities of their users, each user has their own public address or addresses which can be traced back to them via the methods of data science and blockchain forensics.

Zcash transactions, on the other hand, still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.

Zcash was first released on October 28, 2016, and it was originally based on Bitcoin’s codebase.

Zcash

Civic is a blockchain-based identity management solution that gives individuals and businesses the tools they need to control and protect personal identity information.

The platform is designed to change the way we think about identity verification by giving users more control over their personal data, while allowing them to access a wide range of services without needing to fork over excessive amounts of personal information.

Civic's identity verification solution uses distributed ledger technology to authorize identity usage in real time, and is used to sparingly share information with Civic partners after authorization by the user.

Unlike some other identity management services, Civic users store all their sensitive data on their mobile device. Users are able to authorize the sharing of specific personal data by providing a biometric signature through the Civic app.

The Civic ecosystem is enabled by a unique utility token known as the Civic token (CVC), which is used for the settlement of identity-related transactions between Civic participants — such as between a customer and service provider.

Users can earn CVC tokens for completing a variety of tasks, such as signing up for a service through the platform or introducing new users, while validators can earn CVCs for validating documents for service providers.

Civic was launched in 2018, following a sell-out initial coin offering (ICO) the year prior.