We scored many tasks this week. Listed below are a couple of you must learn about.
Please do not forget that a few of these tasks nonetheless want our code assessment course of. Nonetheless, we wish to name them out right here as a result of they preliminarily caught our eye primarily based on our elementary evaluation course of.
Open Eden – 64.58%
Web site | X(Twitter)
Sector – RWAs
Standing – Energetic
TVL – $121.5M
OpenEden has launched the primary sensible contract vault offering 24/7 entry to U.S. Treasury Payments (T-Payments), permitting stablecoin holders to mint TBILL tokens by way of the OpenEden TBILL Vault and earn the U.S. risk-free fee. OpenEden is the primary tokenized real-world asset (RWA) issuer to attain an “A” ranking from Moody’s. Since its launch in early 2023, OpenEden has change into the biggest issuer of tokenized U.S. Treasuries throughout Asia and Europe.
Compliance: The TBILL token issuer operates as knowledgeable fund, established below the British Virgin Islands Securities and Funding Enterprise Act 2010, and is managed by a regulated fund administration firm primarily based in Singapore.
Transparency: All token subscription, issuance, and redemption processes are executed on-chain, with unbiased proof-of-reserves and attestations making certain most transparency.
DeFi Integration: TBILL tokens supply 24/7 entry to U.S. Treasuries, unrestricted by U.S. buying and selling hours. Constructed on the ERC-20 normal, the tokens allow DeFi tasks to combine seamlessly whereas providing steady minting and redemption by way of sensible contracts.
Traders
Kana Labs- 60.42%
Web site | X(Twitter)
Sector – DeFi
Standing – Energetic
Kana Labs is a blockchain infrastructure and tooling firm targeted on simplifying the complexities of the DeFi and GameFi sectors. They provide an all-in-one Web3 Middleware SDK, which incorporates cross-chain bridging options and liquidity aggregators. This offers builders and customers with streamlined entry to decentralized finance and gaming ecosystems. Kana Labs addresses key challenges resembling user-friendly navigation, fragmented liquidity throughout a number of chains, and cross-chain communication inefficiencies.
Kana AMM Swap Aggregator: Constructed on Kana Labs’ Web3 Middleware, also referred to as the Aggregator SDK, this platform consolidates a number of liquidity sources (DEXs and liquidity aggregators) and cross-chain bridges below one system. Utilizing a sensible routing algorithm, it integrates 9 completely different blockchains, together with EVM and non-EVM networks.
Kana Commerce: Kana Commerce is a totally decentralized, on-chain order e-book buying and selling platform developed by Kana Labs. It simplifies the advanced navigation usually related to decentralized buying and selling, whereas addressing frequent limitations within the present buying and selling atmosphere, enabling customers to completely harness the potential of blockchain-powered buying and selling.
Paymaster: Paymaster know-how permits decentralized purposes (dApps) and third-party entities to sponsor gasoline charges for transactions executed on their platforms. This enables companies and entities to allocate funds to cowl gasoline charges by way of a separate account, facilitating clean and cost-free transactions for his or her customers.
Web3 Middleware (Aggregator SDK): The Aggregator SDK is a toolkit constructed on a multi-chain foundational layer, comprising three core elements: a number of liquidity sources (DEXs and liquidity aggregators), a bridge and messaging protocol aggregator, and a sensible routing algorithm.
Traders
Token
Kana Labs will introduce its native token, $KANA, to facilitate charge funds throughout the platform. Token holders can earn income by staking $KANA, whereas additionally benefiting from a 50% low cost on platform charges. Moreover, customers can take part in unique promotions, together with token and NFT campaigns, which offer entry to distinctive NFT passes and identities. $KANA tokens can even function rewards throughout numerous merchandise Kana Labs gives. The overall provide of $KANA is capped at 300,000,000 tokens, making certain a finite issuance inside the ecosystem.
Zyfi- 60.42%
Web site | X(Twitter)
Sector – Gasoline Abstraction
Standing – Energetic
Zyfi gives a Paymaster-as-a-Service resolution that simplifies gasoline charge administration for decentralized purposes (dApps) inside the zkSync ecosystem. It permits customers to pay transaction charges utilizing any ERC-20 token or permits dApps to sponsor transaction prices. Powered by an API that abstracts technical complexities, Zyfi integrates with a variety of dApps to ship gasless transactions and a seamless person expertise. By leveraging zkSync’s native account abstraction, Zyfi facilitates gasless transactions instantly from Externally Owned Accounts (EOAs), making the platform extra user-friendly and boosting adoption.
Zyfi has processed over 1.5 million paymaster transactions and is built-in with greater than 30 dApps throughout zkSync chains, serving a wide range of sectors. These embrace PancakeSwap (DEX), ZeroLend (Provide & Borrow), SyncSwap (DEX), Gravita (CDP), Increment Fi (Perpetual), and zkMarkets (NFT market), with many extra partnerships in growth.
Options
Versatile sponsorship mannequin – which offers dApps with full management over the sponsorship degree for every transaction. This flexibility permits dApps to implement any sponsorship mannequin they select, with out the necessity for sensible contract modifications.
Helps any token – Moreover, help for any token is on the market, enabling customers to pay gasoline charges with any token of their selection. By leveraging an off-chain worth feed, Zyfi natively helps all tokens traded on zkSync, making certain a seamless expertise for customers.
Intent-Primarily based API – The Intent-Primarily based API is one other notable function of Zyfi. It capabilities as a solver inside the Intent panorama, specializing in reaching the person’s desired final result in a streamlined and environment friendly method.
Traders
Sophon- 58.33%
Web site | X(Twitter)
Sector – Layer 2
Standing – Not but launched
Sophon is an entertainment-centric ecosystem constructed as a modular rollup using zkSync’s ZK Stack know-how. Designed as a ZK chain, Sophon is optimized for high-throughput purposes resembling synthetic intelligence and gaming. The platform fosters connections between builders and customers by way of strategic partnerships with ecosystems like zkSync, Beam, Zentry, and Aethir. By leveraging the ZK Stack, Sophon goals to place itself as a frontrunner within the leisure and blockchain industries, capitalizing on probably the most superior and future-proof Ethereum Layer-2 applied sciences accessible. Node operators can interact with a blockchain community particularly designed to drive innovation in leisure and blockchain, making a decentralized, environment friendly, and user-focused atmosphere. Sophon is based on the assumption that the way forward for blockchain lies in creating ecosystems that resonate with customers on a deeper, extra cultural degree. By discreetly embedding crypto rails into the platform’s framework, customers can entry blockchain’s advantages with out going through its typical technical boundaries. This strategy permits the chain’s energy to effortlessly enrich the person expertise.
Sophon Guardians type the inspiration of the Sophon community’s operational infrastructure. Guardianship is tied to the rights to function a Sophon Node, initially granted by way of memberships related to nodes bought throughout the node sale. As a Guardian, people can both function a Sophon Node themselves or delegate their membership to different operators managing nodes on their behalf.
Traders
Sophon’s traders embrace notable entities resembling Binance Labs, The Spartan Group, Seven X Ventures, Maven 11, HTX Ventures, OKX Ventures, and Paper VC.
Stake Stone-58.33%
Web site | X(Twitter)
Sector – Staking/DeFi
Standing – Energetic
StakeStone is a next-generation omnichain liquidity infrastructure that introduces liquid property, STONE and SBTC, representing ETH and BTC respectively, powered by a dynamic staking community. Designed with a extremely scalable structure, StakeStone helps main staking swimming pools and is making ready for future restaking capabilities. The platform creates a multi-chain liquidity market centered round STONE property, providing customers various purposes and enhanced yield alternatives.
StakeStone is creating an omnichain liquidity distribution community and market tailor-made for the appliance layer. The platform goals to determine STONE as the usual for omnichain liquidity property whereas advancing its use instances throughout a number of chains. This strategy not solely helps Layer 2 options entice liquidity but additionally gives customers a variety of incomes alternatives.
By wrapping ETH staking and potential rewards from blue-chip restaking into STONE, the platform distributes these advantages throughout the appliance layers of varied ecosystems. This positions STONE as a unified normal, enhancing the effectivity of customers, chains, and the general ecosystem—just like how a unified foreign money can present benefits to all stakeholders concerned.
Key Options:
- Transparency: StakeStone employs a non-custodial mannequin, making certain full visibility of underlying property and returns, just like MakerDAO’s governance strategy.
- Omnichain Accessibility: STONE and its worth feed are accessible throughout a number of chains, facilitating clean transactions and constant pricing.
- Adaptability: Appropriate with numerous consensus mechanisms, StakeStone’s modular structure permits for versatile yield methods and maximized returns.
- Optimization: The platform’s decentralized portfolio technique reallocates liquidity effectively, permitting STONE holders to change underlying portfolios and improve yields.
- Consistency: StakeStone maintains token stability by way of its modular design, making certain that modifications to sensible contracts or underlying property don’t have an effect on the circulating STONE provide. This strategy helps a variety of use instances, together with DeFi, IDOs, funds, and collateral on centralized exchanges.
Traders
StakeStone’s traders embrace notable entities resembling Binance Labs and Outlier Ventures.