Metal X is a DEX developed by Metallicus, allowing users to trade digital assets without a central authority, enhancing control and security over funds and private keys. It uses Metallicus-wrapped xTokens for cross-chain trading across different blockchain networks. Metal X lacks a formal governance process and does not currently have a token. In 2023, Metallicus completed its Series B funding for an undisclosed amount.
Curve Finance specializes in efficient, low-slippage trading of stablecoins on its DEX protocol. Governed by CRV token holders, Curve encourages participation through vote-escrowed CRV for enhanced governance and yield farming rewards. Initially funded without an ICO, Curve leverages venture capital and community-driven efforts to support its growth and liquidity provision incentives.
KIM is a ecosystem-focused DEX that differentiates itself by prioritizing community-driven development and offering a customizable protocol for sustainable liquidity on the Mode network. Unlike traditional DEXs, KIM emphasizes a community and ecosystem-first approach, enabling both builders and users to benefit from its tailored infrastructure. In terms of governance, KIM operates without a formal system, devoid of traditional token-based voting mechanisms. Financially, KIM is entirely self-bootstrapped, demonstrating a commitment to organic growth and independence by developing and expanding through its own resources, without external funding from investors, grants, or participation in funding rounds.
Polynomial Trade is an on-chain derivatives platform with a focus on perpetual futures, enhanced by the security of the Synthetix protocol and the Optimism Network. Its distinctive approach using polynomial functions for price prediction allows traders to make more dynamic market decisions. Although currently without a governance structure or a live token, the potential introduction of a token could benefit the platform by incentivizing user engagement and capturing value. Polynomial has raised two successful funding rounds, raising $1.10 million in a Pre-Seed round and securing further investment in a Seed round, with backing from several notable investors and capital firms.
