Mode Name Service, powered by SPACE ID, stands out by creating a universal name service network aimed at simplifying the discovery, registration, trading, and management of web3 domains. The governance of SPACE ID revolves around its token, ID, which empowers users to participate in decision-making, ensuring the platform remains community-driven and focused on growth. SPACE ID is governed by a DAO, with $ID token holders having a significant influence over its direction through a transparent and decentralized voting process.
Layer Bank is a noncustodial on-chain lending protocol aiming to be a liquidity hub for EVM-based Layer 2 networks, offering users control over their funds with attractive decentralized market interest rates. Its tokenomics, centered around the $LAB stake, include yield boosting, revenue sharing, and a buyback and burn mechanism to support long-term growth. While governance is currently centralized with decisions made by the LayerBank team, the project has received funding from Manta Network to enhance security and expand its ecosystem.
LaProp offers a blockchain-based platform that allows individuals to invest in real estate fractions starting from $10. Investors earn monthly rental income and potential property appreciation without managing the properties themselves. The platform provides a simple process to invest and earn passive income. LaProp currently has no formal governance process, public funding records, or a token.
Ironclad Finance sets itself apart as a decentralized, non-custodial liquidity market protocol, allowing users to engage as either depositors, who earn passive income by providing liquidity, or borrowers, who can borrow in either an overcollateralized or undercollateralized manner. While Ironclad has not yet issued its own token, it has introduced a points system, named Embers, to reward users for borrowing and lending, hinting at a future token introduction.
