PWN is a universal, peer-to-peer lending and borrowing protocol that enables users to leverage any standard on-chain asset as collateral while maintaining full control over loan terms.
Balancer is a decentralized automated market maker (AMM) protocol for programmable liquidity, supporting various swap curves and pool types. Governance begins with a Request for Comment on the Balancer forum, progresses to a formal proposal, and is voted on via Snapshot. Voting power comes from holding BAL tokens or delegated voting power, with a quorum of 2 million veBAL needed. BAL tokenomics include a 100 million token cap and the vote-escrowed BAL system, encouraging long-term holding. Balancer has raised $32.3 million across three funding rounds, with the latest on May 27, 2021.
Yearn Finance optimizes DeFi yield farming through products like Vaults and Earn, automating strategies to maximize user profits while minimizing complexity and gas costs. Governed by YFI token holders, proposals for protocol changes start on the Yearn Finance forum and require over 50% YFI holder approval to pass. The revamped tokenomics introduce a Vote Escrow mechanism for YFI stakers. Founded by Andre Cronje, Yearn Finance did not raise funds or reserve tokens, operating uniquely without private or public funding rounds.
Hop Protocol facilitates seamless asset transfers across Ethereum layer-2 networks with its scalable bridge architecture and "h" tokens. Governed by HOP token holders, it employs a community-driven governance model involving forum discussions, Snapshot voting, and on-chain proposals. With a maximum supply of 1 billion tokens, HOP serves as a governance tool and utility token within the protocol. Hop Protocol raised nearly $2 million through funding rounds, attracting notable investors and focusing on enhancing interoperability in the Ethereum ecosystem.
