Glo Dollar is a fiat-backed stablecoin designed to combat extreme poverty by donating all its interest earnings to provide basic income for those in need. Overseen by the Glo Foundation's governance council, it ensures security with hardware wallets and succession plans. The unique AutoPGF model directs reserve yields to public goods and charities. Glo Dollar raised $2 million from Sytse Sijbrandij.
Velodrome Finance is an automated market maker (AMM) and integrates features from Curve, Convex, and Uniswap to establish itself as the primary liquidity hub for OP Mainnet. It boasts unique functionalities like a self-optimizing liquidity flywheel and NFTs representing liquid locked positions, directing 100% of protocol incentives and fees to its voters.
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.
MintSwap is a decentralized exchange (DEX) and NFT marketplace on the Mint blockchain, offering token trading, NFT transactions, and NFTFi services. As the first native DeFi protocol on Mint, it supports the development of Mint-native teams and tokens. Governance is community-driven, with MS404 token holders participating in decision-making. The platform's tokenomics feature MS404, an ERC-404 standard token combining ERC-20 and ERC-721 characteristics. The MS404 collection includes 10,000 unique NFTs, each convertible into 10,000 MST tokens, MintSwap's native currency. The total supply is fixed, with 60% allocated to mining rewards, 30% to pre-sale, and 10% to initial liquidity. MintSwap is self-bootstrapped.
