This article is machine translated
Show original
ETH finally warmed up and broke through 3000! 🥳 Dreaming of DeFi Summer?
Let's take you back to the 10 DeFi coins with strong fundamentals and high value linkage that released in mid-October, and see how they have performed recently.
Quietly sneaking up, the most ferocious one is actually the RWA coin 👀 with a surge of up to 76% 🔥
Article review:
The currencies mentioned in this article have increased so far as follows:
MPL +76.04%
PENDLE +35.94%
DYDX +29.32%
AAVE +24.01%
TRU +23.80%
LQTY +16.17%
MKR +13.44%
SNX +11.15%
CRV +8.73%
AERO +8.59%
FXS +4.53%
BANANA -11.04%
At that time, when Uniswap announced that it would launch its own blockchain Unichain, @hmalviya9 took stock of 10 projects in the DeFi track that had fundamentals and indeed tied real yield to governance tokens in a tweet. Biyan also added them after compilation 2 coins with strong fundamentals $PENDLE $AERO
Let us take you further to see why these coins are valuable👇 twitter.com/84375672/status/18...
$AAVE +24%
The lending platform Aave has always had a strong moat, ranking second in TVL, and currently has nearly $16 billion in locked positions.
In the past, Aave has proposed a "Buy & Distribute" plan to use the surplus to repurchase AAVE and distribute it to holders of pledged AAVE (StkAAVE) to increase the value of the token.
An offline party will also be held in Bangkok in the near future! twitter.com/144863825307096678...
$CRV +8.73%
Curve Finance’s CRV holders can lock their tokens for up to four years to earn a share of trading fee proceeds, increasing the appeal of long-term holdings.
Although Curve is currently ranked 18th in TVL, it still has many supporters and has recently launched its own credit card! A proposal was also passed: transfer 10% of crvUSD’s borrowing fees to scrvUSD twitter.com/121405096798694605...
Maple $MPL +76.04%
MPL stakers in the Maple protocol can obtain xMPL, and if the protocol revenue exceeds the operating costs, 50% of the profits will be shared with the stakers. MPL can also be collateralized as a single-sided pool to earn 10% interest, but if the loan defaults, that portion of the MPL is lost.
Institutional Grade Yield Protocol Coming Next Week @syrupfi
$MPL has performed well recently and is about to surpass $ONDO in TVL twitter.com/129220166253121126...
dYdX $DYDX +29.32%
The top 60 validators of dYdX Chain can obtain all the proceeds from the V4 version transaction fees, and currency holders can also entrust their tokens to validators with higher returns.
@dYdX also launched a prediction market during the heat of the US election, and successfully grabbed a large portion of the attention in the derivatives market at the end of October!
According to the official tweet @dYdX @grundydx, the new generation of dYdXUnlimited… x.com/i/web/status/18552095696... twitter.com/180389647800958156...
Banana Gun $BANANA -11%
40% of the proceeds from the trading robot will be used to repurchase BANANA and be distributed to all currency holders according to their holding ratio to strengthen the value of the token. $BANANA has been popular recently because it is a relatively undervalued meme sector with great liquidity. One of the currencies.
Banana Gun… x.com/i/web/status/18552095823... twitter.com/166990108753130291...
Liquity $LQTY +16%
LQTY stakers can enjoy the income generated by all protocols and share the fee income according to the proportion of their pledges to the total amount, and v2 will be launched in the near future.
Decentralized stablecoins have never been absent in every DeFi bull market, and this cycle also has the help of RWA and synthetic U.S. dollar stablecoins, payments and other tracks. The upper limit of growth will be even more worth looking forward to.
Previously, Biyan also wrote a long analysis article on Liquity v2, v2... x.com/i/web/status/18552095947... twitter.com/174974101748437811...
Synthetix $SNX +11%
Synthetix charges a 0.3% transaction fee through Kwenta Exchange and distributes the proceeds to SNX stakers in the form of "actual gains."
Synthetix recently successfully acquired the derivatives platform @Kwenta_io in the original ecosystem
Synthetix launched a major expansion of collateral at the end of October: @TheTNetwork @ethereum @ethena_labs twitter.com/898875132864716800...
MakerDAO $MKR -> $SKY +13%
MakerDAO (now renamed $SKY) generates revenue from stablecoin fees, liquidation penalties, and DAI transaction fees, and is distributed between MKR holders and the MakerDAO treasury. Repaid loans will convert DAI into MKR and be destroyed, further accumulating value for MKR holders.
We can see from Four Pillar’s research analysis report that they are optimistic about $MKR in the near future 👀
Seal… x.com/i/web/status/18552096199... twitter.com/164381131992846336...
Frax Share $FXS +4.53%
Frax Share participates in the dominant position of the Curve pool and shares profits with participants who lock FXS, strengthening the ecological value of the token.
Layer 2 Fraxtal’s recent cross-chain funds have exceeded US$200 million twitter.com/3265756934/status/...
TrueFi $TRU +23.8%
TrueFi charges a 0.50% fee for loans on the platform and shares a portion of the proceeds with TRU stakers.
One of the representatives of the RWA circuit $TRU has always performed well in price
Pendle $PENDLE +35.94%
Pendle distributes the YT fee income in the protocol to vePENDLE holders and distributes the exchange fee income to vePENDLE holders who voted for the corresponding pool.
Following its excellent performance in 2023, this year it continues to monopolize the revenue ecological position in the EVM ecosystem. From re-staking, BTCFi continues to provide a battlefield for DeFi players who pursue high leverage and stable currency-based returns twitter.com/164926086083629875...
Aerodrome $AERO +8.59%
Aerodrome earns revenue through its automated market maker (AMM) service and allocates 100% of trading fees to veAERO holders based on the amount of AERO they have locked.
$AERO is one of the representatives of the DeFi protocol on the Base chain. The price also performed well when the market was down, and its TVL has grown by 135% since September.
Read the full article:
🔥 Join the Biyan community to discuss more market opportunities:
📍 Chinese Telegram community: bit.ly/3YmFBrN
📍 Hong Kong Telegram community: bit.ly/HK-TG-Group
📍 Subscribe to the Daily Coin Research Telegram channel:
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content