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.
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.
Aura Finance distinguishes itself in the DeFi space by enhancing the Balancer ecosystem, offering a streamlined experience for BAL stakers and liquidity providers. It simplifies staking with tokenized veBAL (auraBAL) and boosts rewards through protocol-owned veBAL and AURA tokens, while easing participation in Balancer's gauge system. The AURA token is central to Aura's governance and incentivization, allowing users to lock tokens for governance rights and influence both Aura's and Balancer's decisions. Governance involves managing the Aura treasury, voting on Balancer proposals, and planning a transition to full on-chain voting
Public Nouns DAO supports public goods by auctioning one NFT every 12 hours, generating a continuous stream of ETH for its treasury. This funding mechanism ensures a steady flow of resources, which are allocated to various projects through a transparent governance process. Community members discuss proposals on Discord, refine them on the forum, and vote on viable ideas on-chain, with each NFT representing one vote. Initial funding was bootstraped through these auctions, leveraging community decision-making to align projects with the DAO's mission of promoting public goods.
