Yearn Finance optimizes DeFi yield farming through products like Vaults and Earn, automating strategies to maximize user profits while minimizing complexity and gas costs. Governed by YFI token holders, proposals for protocol changes start on the Yearn Finance forum and require over 50% YFI holder approval to pass. The revamped tokenomics introduce a Vote Escrow mechanism for YFI stakers. Founded by Andre Cronje, Yearn Finance did not raise funds or reserve tokens, operating uniquely without private or public funding rounds.
Bitget is a secure and efficient crypto exchange offering innovative features like copy trading and support for numerous cryptocurrencies, catering to traders of all levels. Its native token, $BGB, provides utility through trading fee discounts, staking opportunities, enhanced rewards, and exclusive promotions, driving user engagement within the platform. Operating under a private governance structure, Bitget has raised $20 million across three funding rounds, including a $10 million Series B led by Dragonfly Capital Partners in April 2023.
Orderly Network sets itself apart with its innovative orderbook-based trading infrastructure and a comprehensive liquidity layer, catering to both spot and perpetual futures markets without a conventional frontend. This design choice positions Orderly as a foundational component for other projects to build upon, enhancing the ecosystem's functionality. Currently, Orderly does not utilize its own token but hints at future engagement through Galaxe quests, suggesting potential token airdrops as a method to reward and incentivize user participation. Despite lacking a formal governance structure, with all decisions made by the core team, Orderly has successfully secured $20 million in strategic funding from leading investors like Pantera Capital and Sequoia China, among others, underscoring its significant promise and support within the DeFi community.
People Powered is redefining community volunteering with tools for disaster response and humanitarian aid. Its governance includes voting, proposals, and global leadership selection, using Purpose and Impact Coins. With a two-token model, it operates on self-funding but plans to seek public and venture capital funding soon.
