Ionic Money

Ionic is a non-custodial money market protocol offering unparalleled control and security to its users through a code-centric governance model. Ionic differentiates itself with a novel Point System, rewarding users for contributing to the ecosystem without issuing a conventional token. This system encourages engagement through lending, borrowing, and referrals, with varying points potential for different activities. The project is entirely self-bootstrapped, relying on its resources for development without external funding. This approach underlines Ionic's commitment to innovation and self-sustainability in the competitive DeFi landscape.

Glo Dollar

Glo Dollar is a fiat-backed stablecoin designed to combat extreme poverty by donating all its interest earnings to provide basic income for those in need. Overseen by the Glo Foundation's governance council, it ensures security with hardware wallets and succession plans. The unique AutoPGF model directs reserve yields to public goods and charities. Glo Dollar raised $2 million from Sytse Sijbrandij.

Oku Trade

Oku Trade is a decentralized exchange platform offering advanced trading features on 16 EVM-compatible chains. It includes a bridge aggregator and a Uniswap v3 analytics tool. Governed without a formal process and lacking a token, Oku Trade was funded by a $1.6 million grant from the Uniswap Foundation to enhance decentralized exchange interfaces.

Gyroscope

Gyroscope is developing GYD, a decentralized, noncustodial stablecoin fully backed by diversified assets in smart contracts. Governed on-chain by the Gyroscope DAO, the community can propose and vote on changes. The stablecoin maintains a 100% reserve ratio with 1 USD worth of collateral per GYD. Gyroscope raised $4.5 million in seed funding, co-led by Placeholder VC and Galaxy Ventures.

Symbiosis Finance

Symbiosis Finance is a cross chain decentralized exchange that unifies liquidity from various blockchains, supporting both EVM and non-EVM technologies. It simplifies cross-chain token trades and asset transfers with a single-click operation, offering competitive rates and low transaction costs. Governed by a DAO utilizing the SIS token, it empowers holders with voting rights, security contributions, and participation incentives, encouraging active involvement and long-term commitment through token staking for governance and rewards. With $5 million raised over three funding rounds, backed by prominent investors like Delta Blockchain Fund and Binance Labs, Symbiosis Finance has established a solid foundation for growth and innovation in the decentralized exchange space.

Polynomial Protocol

Polynomial Trade is an on-chain derivatives platform with a focus on perpetual futures, enhanced by the security of the Synthetix protocol and the Optimism Network. Its distinctive approach using polynomial functions for price prediction allows traders to make more dynamic market decisions. Although currently without a governance structure or a live token, the potential introduction of a token could benefit the platform by incentivizing user engagement and capturing value. Polynomial has raised two successful funding rounds, raising $1.10 million in a Pre-Seed round and securing further investment in a Seed round, with backing from several notable investors and capital firms.