Velodrome Finance is an automated market maker (AMM) and integrates features from Curve, Convex, and Uniswap to establish itself as the primary liquidity hub for OP Mainnet. It boasts unique functionalities like a self-optimizing liquidity flywheel and NFTs representing liquid locked positions, directing 100% of protocol incentives and fees to its voters.
Morpho is a permissionless, non-custodial lending protocol that runs on Ethereum and Base, offering “open infrastructure for on-chain loans. Its flagship product, Morpho Blue, lets anyone spin up isolated lending markets with just one collateral and one borrowable asset, cutting complexity and risk.
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.
The deWorld game, developed by PlayOnChain Labs and built on Ancient8 alongside Base. The Game, introduces a novel play-to-earn gaming experience centered around NFTs. It allows players to cultivate and develop their farms with NFTs representing various farm elements and assets, offering a unique approach to in-game progression. Currently, deWorld does not feature its own token, as the game is still in the testnet phase and lacks a formal governance structure or process. The project is self-funded, having been bootstrapped by PlayOnChain Labs, underscoring its independence and the team's commitment to its development.
