"Life is not easy, and crypto traders are crying." The current market is stagnant, so you can turn your attention to new projects. Odaily has compiled a list of recent notable projects, Chia into two categories: DeFi and projects that have recently announced funding. Warm reminder: Participating in new projects requires accepting some risks, and risk control and careful XEM are essential. It is not recommended to invest a large amount of money at the early stage. DeFi
DeFi
1. Stout
Project Introduction : Stout is a native lending protocol on Sonic, with a current TVL of $4 million. You can currently borrow the protocol's stablecoin DUSX by providing wS, stS, wETH, and veSTTX. The protocol consists of four Token:
- STTX : Provides support for the protocol, equivalent to the base Token of Stout, has a deflationary and Token destruction mechanism. Not recommended for long term holding. The best way is to lock it into veSTTX.
- DUSX : Over- Collateralized Stablecoin , redeemable 1:1 with USDC via PSM protocol;
- veSTTX : Governance Token and collateral, offering 98% LTV lending ratio;
- stDUSX : Staking Token will give you 75% of the protocol's revenue, with a Staking APY of 24.47%.
Lending projects need to pay attention to the project's liquidation threshold. The maximum ratio of each collateral on Stout is different, and its liquidation characteristics are: when the collateralized debt position (CDP) reaches the liquidation threshold of a certain collateral, the user still repays the debt in exchange for a portion of the collateral.
Why pay attention : A DeFi protocol in the Sonic ecosystem; high LTV ratio for borrowing; stDUSX Staking APY is 24.47%.
2. Dexary
Project Introduction : Dexari is a custodial, permissionless on chain DEX built on Hyperliquid, and has launched its IOS Testflight app (requires an invitation code to join Early Access). It has currently implemented functions such as a contract market, Token charting tools, and advanced orders. The project does not require KYC, supports multiple chain , and can unify balances across chain. Spot Trading, fiat deposits/withdrawals, Token monitoring and alerts are coming soon. In addition, Dexari will also implement Staking and mining functions in the future. Currently, early adopters can earn points in the Dexari Points Preseason to receive rewards after Early Access ends.
Why pay attention : Built on Hyperliquid, with deep liquidation ; app version of DEX, or can replace mobile version of CEX; early test version can get rewards, co-founder Zac.hl is a former employee of Binance.US.
3. flying tulip
Project introduction : flyingtulip is a one-stop DeFi platform launched by Andre Cronje, which includes multiple functions such as trading, Liquidity Pool, lending, etc. It can centralize Spot Trading in one AMM protocol without storing them in different protocols, thereby solving the problem of liquidation . It is officially announced that compared with other DEX protocols, this product can bring: 42% reduction in Impermanent Loss, 9 times increase in LP yield, and 85% increase in Capital utilization efficiency. For details, please refer to "The person who understands DeFi best brings new project FlyingTulip".
Reasons to note : AC is founder, 0.02% trading fee, 9x LP return and 85% Capital efficiency.
4. Multipli.fi
Project Introduction : Multipli.fi is a multi- chain yield generation protocol with a current TVL of $85.6 million. It is backed by Pantera Capital, Sequoia Capital, Elevation Capital, and The Spartan Group. The protocol uses delta-neutral arbitrage strategies in spot and futures markets to generate high returns on native Token and RWA assets. Currently, the project supports BNB Chain and Ethereum, and deposits support USDT and USDC. In the future, it will support Token such as BTC, ETH, and SOL. Users can deposit stablecoins into the project to earn high returns and ORB Token (click the invite link to register, invite code: 7T46G). The current APY for USDC deposits is 21.19%, and USDT APY is 21.21%. Deposits and ORB need some time to finalize. Bonus ORB can only be received 30 days after depositing on Multipli.fi. The first season (ORB weight 50%) of deposits to receive ORB is about to end. Current deposits can participate in the second season (ORB weight 30%) and the third season (ORB weight 20%).
Why pay attention : High TVL, APY and ORB Token Chia , backed by top Venture Capital .
5. Falcon Finance
Project Introduction : A synthetic USD stablecoin protocol launched by DWF Labs partner Andrei Grachev. Currently in beta and requires registration to qualify (follow its X account, you will be drawn periodically to qualify for beta. Deposit in advance to enjoy high APY and Airdrop potential). For details, please refer to "How DWF Partner-Backed Falcon Finance Achieves High Yields at 22.6% APR".
Reason to pay attention : TVL has now surpassed $90 million ($92.1 million), and Andrei Grachev has said that there may be a special Airdrop in the future.
Recent Financing
1. Mesh ($82 million)
Project Introduction : Mesh is a company focused on crypto payments. For details, please refer to "With $104M in total funding, Mesh begins the fight for the 'new infrastructure' of crypto payments".
Reasons to pay attention : In the context of RWAfi: high funding, participation of large investment institutions, and deep cooperation with PayPal's PYUSD.
2. RedotPay ($40 million)
Project introduction : RedotPay is also a project built by the Hong Kong team, focusing on crypto payments. You can register virtual cards and physical cards, support ATM, support payment by scanning code, phone number and RedotPay ID, and the custodian is a trust service provider and licensed company in Hong Kong.
Why pay attention : Backed by Sequoia China and Lightspeed Venture Partners, good at security and compliance, providing fast and seamless payments. Launched RedotPay affiliate program, and franchisees can enjoy 40% transaction commission (calculated every 30 days).
3. Rain ($24.5 million, for card issuers)
Project Introduction : Rain is a stablecoin-backed corporate card issuer that offers customized debit, credit, and prepaid cards for businesses, allowing businesses to issue B2B and consumer cards that link directly to self-hosted wallets, custodial solutions, or traditional fiat accounts. Cardholders can make payments without converting cryptocurrencies to government-issued fiat. Rain has built a stablecoin-compatible infrastructure on fiat rails, supporting local payments on multiple blockchain networks such as Base, Polygon, Optimism, Avalanche, Arbitrum, ZKsync, and Solana. Transactions are settled in stablecoins and currently cover over 100 countries worldwide.
Reason to pay attention : Led by Norwest Venture Partners, with participation from Lightspeed Venture Partners, Coinbase Ventures, etc., which are the main sponsors and operators of the Visa card project.
4. Yeet (raised $7.75 million last year, announced this year)
Project Introduction : Dragonfly led the investment, Primitive Ventures and Mirana Ventures participated in the investment in the cryptocurrency gambling platform, and also received support from investors such as LayerZero CEO and Fat Penguin CEO. A "crypto casino", simple and rudimentary, co-founded by Michael Anderson (alias Mando), a famous figure in the cryptocurrency field, anonymous trader Keyboard Monkey and professional poker player Ben Lamb. Currently in the internal testing phase, users can sign up for the waiting list. It is known that the internal test version has launched a number of games, and the project has an affiliate program. Users can not only earn profits from direct referrals, but also from 2 levels of referrals from users following your referral link, and can receive referral bonuses up to 3 levels.
Why pay attention : Dragonfly leads investment, founders' background expertise, and significant 3-tier referral rewards.
5. Opinion Labs ($5 million)
Project Introduction : Opinion Labs is a prediction market platform, led by YZi Labs, and is one of the four best performing projects in its MVB plan. Currently, the Beta version has been launched, supporting the Monad testnet and the Base network. Users can now register an account to receive USDO test coins for trading activities, completing social tasks, or inviting friends to earn points. Recommended registration invitation code: dfRAhCsx.
Reasons to pay attention : Led by YZi Labs, the Monad testnet is easy to operate, and the point system can bring Airdrop expectations, which can be used as a zero-cost interactive project.
