USDT0 is an omnichain version of Tether’s USD₮ stablecoin, launched on 16 January 2025 in partnership with LayerZero Labs. It uses the LayerZero Omnichain Fungible Token (OFT) standard and a lock-and-mint design: USD₮ is locked on Ethereum and the same amount of USDT0 is minted on the destination chain, so parity is always 1 USDT0 = 1 USD₮.
Unlooped differentiates itself in the digital music and NFT space by enabling artists to mint new song variations as NFTs directly to their wallets on the Base network. This platform offers artists the ability to deploy their smart contracts for collections, ensuring full control and management. Unlooped also incorporates on-chain storage for its graph and decentralized storage for samples, enhancing security and ensuring music permanence. Unlooped emphasizes artist ownership and creative freedom. It is a self-bootstrapped project, not having received external funding or participated in previous funding rounds.
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.
Athena is a decentralized insurance protocol that uses ERC-721 tokens (NFTs) to represent liquidity positions and insurance covers, enabling detailed customization and efficient user interaction. Liquidity providers deposit ERC-20 tokens, receiving Position NFTs representing their stake, while cover buyers deposit premiums to receive Cover NFTs representing their insurance coverage. These NFTs store individualized data, allowing for flexible coverage limits, liquidity strategies, and seamless claim or withdrawal processes. By combining DeFi strategies with tokenized contracts, Athena ensures transparency, security, and user-friendly access to decentralized insurance solutions
