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.
Gamma is a decentralized protocol that simplifies access to advanced derivatives trading and risk management in crypto. It leverages automated strategies and robust risk controls to offer efficient, transparent, and secure options trading and hedging.
Exactly Protocol is decentralized finance platform offering autonomous interest rate markets and enabling both variable and fixed rate exchanges of crypto assets. Its EXA token allows holders to vote on protocol changes and manage the treasury, playing a key role in governance and decision-making. Governance involves a structured voting system with specific token requirements to ensure fair participation. The project, having raised $3 million in a seed round, is backed by various investors, highlighting its strong funding and investment support.
RubyScore is a decentralized onchain ranking protocol that evaluates wallet reputation based on various blockchain metrics. It encourages user engagement by motivating users to improve their onchain reputation through daily tasks. While RubyScore currently has no governance process or token, it generates revenue through a fee-based API for wallet identification, transaction fees for NFT rewards and minting profiles, and services like deferred transactions, the RubyScore ranking passport, and Verax Proof of Humanity attestation. It has received funding from Gitcoin Grant 20 and Optimism Retroactive Public Goods Funding 4.
