Elevate is a decentralized cross-chain bridge that facilitates rapid, secure, and cost-effective transfers of Ethereum-native assets across various Layer 1 and Layer 2 networks, as well as Ethereum Virtual Machine (EVM)-compatible chains.
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.
Arkada is a web3 Quest-to-Earn platform powered by reputation. It provides users with an interactive playground where they can engage with content in unique ways. ASTR will be utilized as rewards for quests in this platform.
The Open X Project distinguishes itself by developing intelligent contracts to facilitate the free exchange of ideas on permissionless blockchains. It integrates OpenXSwap as a comprehensive platform that combines an aggregator, NFT Market, and project management tools, encouraging knowledge exchange and collaboration. The project's native token, OpenX, incentivizes liquidity providers in Active Yield Generating Pools, with emissions decided by the core team until governance is fully implemented.
