Angle is a decentralized, over-collateralized stablecoin protocol designed to issue stablecoins like EURA (€) and USDA ($), backed by diversified reserves. It features modules for borrowing, price stability, and savings, ensuring liquidity, resilience, and yield opportunities for stablecoin holders. Governed by a DAO through veANGLE, the protocol supports cross-chain liquidity and open development.
Balancer is a decentralized automated market maker (AMM) protocol for programmable liquidity, supporting various swap curves and pool types. Governance begins with a Request for Comment on the Balancer forum, progresses to a formal proposal, and is voted on via Snapshot. Voting power comes from holding BAL tokens or delegated voting power, with a quorum of 2 million veBAL needed. BAL tokenomics include a 100 million token cap and the vote-escrowed BAL system, encouraging long-term holding. Balancer has raised $32.3 million across three funding rounds, with the latest on May 27, 2021.
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.
RedStone is a decentralized oracle platform that provides reliable, frequently updated, and diverse data feeds for decentralized applications (dApps) and smart contracts across various blockchain networks. Its modular architecture supports both new and established dApps on trending Layer 1 and Layer 2 solutions, delivering non-standard data such as liquidity provider (LP) and staked tokens.
