Morpho is a permissionless, non-custodial lending protocol that runs on Ethereum and Base, offering “open infrastructure for on-chain loans. Its flagship product, Morpho Blue, lets anyone spin up isolated lending markets with just one collateral and one borrowable asset, cutting complexity and risk.
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.
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.