SwapMode offers real yields from protocol-generated swap fees, and enabling transactions at significantly lower costs. Its dual-token system, involving $SMD for transactional purposes and $xSMD for staking and earning real yield, incentivizes user participation and ensures a fair value distribution within its ecosystem. Governance is democratized through $xSMD token holders, who have voting rights on key decisions, promoting a decentralized and community-driven decision-making process. Unlike many of its counterparts, SwapMode is self-bootstrapped, emphasizing its commitment to innovation, efficiency, and community engagement without relying on external funding.
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.
The deWorld game, developed by PlayOnChain Labs and built on Ancient8 alongside Base. The Game, introduces a novel play-to-earn gaming experience centered around NFTs. It allows players to cultivate and develop their farms with NFTs representing various farm elements and assets, offering a unique approach to in-game progression. Currently, deWorld does not feature its own token, as the game is still in the testnet phase and lacks a formal governance structure or process. The project is self-funded, having been bootstrapped by PlayOnChain Labs, underscoring its independence and the team's commitment to its development.
Gyroscope is developing GYD, a decentralized, noncustodial stablecoin fully backed by diversified assets in smart contracts. Governed on-chain by the Gyroscope DAO, the community can propose and vote on changes. The stablecoin maintains a 100% reserve ratio with 1 USD worth of collateral per GYD. Gyroscope raised $4.5 million in seed funding, co-led by Placeholder VC and Galaxy Ventures.
