Original title: Who will be the next DeFi agreement for airdrops?
Rhythm BlockBeats news, on December 25th, 1inch, which has not issued any coins, finally launched the governance token 1INCH, and announced the issuance of tokens to users who participated in liquidity mining this fall. At the same time, wallet addresses that have interacted with 1inch before 8 a.m. on December 24 are also expected to receive airdrops. Please refer to the specific steps and conditions of collection.
So, are there any DeFi protocols on the market that have not issued coins, or are they likely to initiate airdrops to their users? In this regard, Rhythm BlockBeats has compiled several popular DeFi projects that have not yet launched tokens (in no particular order) for readers’ reference.
Set Protocol
Set Protocol is an infrastructure service based on the Ethereum ERC20 standard, which is realized by smart contracts, fully mortgaged, convertible, and combinable. A package of tokens is abstracted into a collection of tokens. The usage scenarios include digital currency index funds and exchange transactions. Funds, and payment services that include multiple tokens.
In order to track market indexes, digital asset investors often need to invest and manage multiple digital currencies. Through Set Protocol, a “fund” with any digital currency component can be established for trading and exchange, eliminating the cumbersome management and transaction process of each single currency . Rhythm BlockBeats believes that in the future token economy, a decentralized application will use many different infrastructures involving token payment. Set Protocol also provides a solution to abstract a package of token payments.
From a technical point of view, Set Protocol is a set of smart contracts and an interactive interface.
InstaDapp
InstaDapp is one of the new members in the DeFi world. Rhythm BlockBeats understands that the InstaDapp team currently positions its platform as a trustless smart wallet specifically built for the DeFi field. InstaDapp allows its users to manage their holdings, hold positions, and transfer their encrypted assets to different protocols. Therefore, users can get the best benefits through InstaDapp.
The platform InstaDapp provides to its community is a user-centric platform. It aims to provide multiple DeFi protocols, such as Maker, Uniswap, Compound, Aave, etc. Therefore, DeFi users will be able to access top DeFi protocols in one place. Currently, it is still adding many DeFi protocols to the InstaDapp platform.
As previously reported by Ludong BlockBeats, InstaDapp announced in October 2019 that it had completed a seed round of US$2.4 million. Investors included Coinbase Ventures, Pantera Capital, Robot Ventures, IDEO Colab, etc.
Opyn
Opyn is an on-chain options platform. Opyn allows users to track and manage their long and short positions. Opyn is a non-custodial margin trading platform based on Ethereum, Compound, Uniswap and DAI. This platform enables anyone to go long or short ERC20s through the platform. In June 2019, the platform was launched on the Ethereum mainnet.
Rhythm BlockBeats reported in June 2020 that Opyn options platform completed a $2.16 million financing. This round of financing was led by Dragonfly Capital, with participation from Version One Ventures, Uncorrelated Ventures, 1kx, A. Capital, DTC Capital, CoinFund, Compound CEO Robert Leshner and others.
dYdX
dYdX is the world’s first decentralized digital currency derivatives trading platform. dYdX aims to establish more open, transparent and secure financial products through decentralized technology, and will develop regulatory-compliant methods on its platform. The dYdX open protocol is based on 0x and Ethereum, driven by smart contracts, and is currently in the testing phase.
Zapper.fi
Zapper.fi was formed by the merger of DeFiZap and DeFiSnap, aiming to make it easier for non-technical users to use DeFi. The combined Zapper.fi will become a new asset management platform that provides a series of new features, including multi-asset pools (Multipooling) and Zips. Through Multipooling, token holders can invest their ETH into various DeFi pools with just one click, and can easily manage and track their positions through the intuitive dashboard.
ParaSwap
ParaSwap is an on-chain aggregation exchange. Based on the self-built ParaSwapPool exchange pool, it also aggregates protocols such as Kyber, Bancor, Uniswap, Oasis, Curve, and 0x. In ParaSwap transactions, it will automatically help you figure out how to split a transaction to ensure that your slippage is the lowest, and complete all small orders split by the user in one transaction. Currently ParaSwap does not charge any additional fees in the middle, and provides professional traders and dApps with plug-and-play APIs, SDKs and a set of smart contracts for rapid integration and arbitrage off-chain and on-chain. ParaSwap V2 version of Multi Path is now online, and all major aspects of the aggregate trading system such as transaction slippage, API, SDK, etc. have been fully upgraded.
Furucombo
UI Visibility Combination DeFi Platform. For those DeFi users who do not understand the code, Furucombo uses modules to represent each DeFi platform on the user interface. Users can build their ideal DeFi operation combination on the desktop like building blocks without understanding the code.
However, Rhythm BlockBeats news, Furucombo has announced the launch of the token COMBO on December 24, 2020. The total supply of COMBO is 100 million, of which 52% will be allocated to the community, 26% will be allocated to the Furucombo team, and 19.5% will be allocated to investors And shareholders, 2.5% is allocated to project consultants. As a DeFi combination tool, Furucombo may also initiate an airdrop to users.
Matcha
Matcha is a DEX aggregator launched by 0x Labs with similar functions to 1inch. Matcha decentralizes transactions to protocols such as 0x Mesh, Kyber, Uniswap, Curve, Oasis, etc. The constantly updated liquidity resources will match the best price for traders. The platform was officially launched on July 1, 2020.
Dharma
Dharma is a decentralized lending platform. Dharma does not use escrow for lending, but instead uses smart contracts to match the borrower and lender. The Dharma platform allows two parties with cryptocurrency lending needs to discover each other, realize peer-to-peer lending, and allow users to directly borrow cryptocurrency assets from hardware wallets or custodial wallets. Different from other DeFi protocols, Dharma uses email and password to log in.
Dharma announced the completion of a $7 million financing in February 2019, led by Green Visor Capital, with participation from Polychain Capital, Passport Capital, Y Combinator and Coinbase Ventures.
Pine.finance
Pine.finance provides order book transactions under the AMM mode. It currently supports Uniswap and will also support 1inch, Balancer, etc. in the future.
