Sake Finance is a decentralized liquidity protocol built on Soneium. It offers a suite of integrated financial products—including lending, over-collateralized stablecoin issuance, and leveraged liquidity strategies—to optimize capital efficiency and streamline decentralized finance operations.
Sonex is a DeFi protocol built on the Soneium blockchain. It aims to reconstruct the entire decentralized finance framework by addressing fragmentation, centralization issues, and misaligned product goals.
Friend.tech is a decentralized social platform that integrates social engagement with financial markets. It allows investment in influencers' "shares" for exclusive access to chat rooms, transforming crypto trading into a social experience. The platform, which tokenizes individuals' social presence, has introduced a points system that may translate into tokens, incentivizing positive behavior. Governance is centralized, managed by the Friend Tech team. It had seen significant activity, with transactions worth approximately $57.1 million, indicating a strong market presence and user growth.
Athena is a decentralized insurance protocol that uses ERC-721 tokens (NFTs) to represent liquidity positions and insurance covers, enabling detailed customization and efficient user interaction. Liquidity providers deposit ERC-20 tokens, receiving Position NFTs representing their stake, while cover buyers deposit premiums to receive Cover NFTs representing their insurance coverage. These NFTs store individualized data, allowing for flexible coverage limits, liquidity strategies, and seamless claim or withdrawal processes. By combining DeFi strategies with tokenized contracts, Athena ensures transparency, security, and user-friendly access to decentralized insurance solutions
