Herocast is an open-source Farcaster client aiming to decentralize internet power. It helps professionals accomplish tasks on-chain through herocast.xyz. Governed by rough consensus and running code, Herocast has no token and is funded by Retro initiatives and donations.
Tellor is a decentralized oracle protocol that enables smart contracts on Ethereum to securely access off-chain data. Operating as a permissionless network, it incentivizes data reporters to provide and validate information, ensuring the integrity and reliability of data supplied to decentralized applications (dApps).
LogX is a perp dex offering deep liquidity and an efficient leveraged trading experience, moving away from traditional reliance on external liquidity providers. It allows trading against a pool of stable assets, with innovative features like a dark oracle for price aggregation and a risk management framework. While LogX has launched an airdrop program, it currently lacks a native token, focusing on user engagement through rewards. Governance is code-centric, reflecting its early stage without a token-based decision-making process. The project has secured $6.1 million in funding from notable investors such as Sequoia Capital and Coinbase Ventures, marking its potential within the DeFi ecosystem.
Gelato Network is a decentralized backend for web3, offering automation, gas optimization, and off-chain operations for smart contracts. Its Rollup-as-a-Service (RaaS) platform supports over 50 rollups with built-in web3 services. Governed by a DAO, GEL token holders influence decisions through proposal discussions and Snapshot voting. The GEL token, with a total supply of 420,690,000, is allocated to community development, the team, private investors, and public sale. Gelato has raised $23.2 million in funding to expand its RaaS platform and enhance scalability for leading web3 projects.
