PlutusDAO

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Radiant Capital

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GMX is a leading decentralized exchange (DEX) for trading perpetual swaps with up to 100X leverage on popular cryptocurrencies like BTC, ETH and more. The platform launched in September 2021 on the Ethereum Layer-2 blockchain Arbitrum. To date, GMX has a total trading volume of over $355B and 758K total users, making it one of the leading multichain Perpetual DEXs.

Nowadays, anyone can trade on GMX from Arbitrum, Avalanche blockchain, Solana (under the name GMTrade), Ethereum Mainnet, Base, BNB Chain, Botanix, and MegaETH.

Frax is the scarce commodity asset of the Fraxtal blockchain. It is the native gas token of the Fraxtal blockchain (North Star hardfork) and used to provide security to the network to run validators of the blockchain (upgraded in a future hardfork). Frax has a set, fixed emission schedule that cannot be changed. Thus, Frax is the only native monetary unit of the Fraxtal blockchain and Frax ecosystem.

Frax is not a governance token. It is a Commodity Asset used as base money on Fraxtal. It is entirely issued natively on the Fraxtal L1 blockchain with no provenance on Ethereum or other blockchains (although wrapped bridged versions are available). While users and projects can build protocols that can use Frax as a staking and governance token, Frax itself is not a governance token. It is the sole asset of the Fraxtal blockchain.

Frax Finance’s DeFi stack uses Frax as a restakable asset that provides cryptoeconomic security and governance voting rights to manage certain parameters of various Frax Finance DeFi protocols (such as veFRAX). These contracts are built on top of the Frax asset and not the underlying utility of the Frax asset. This is similar to a project using restaked ETH as its governance rights token. The restaked ETH token provides voting rights, utility, and cryptoeconomic security to the protocol, but the underlying protocol does not have ETH minting rights nor control of the ETH asset. The protocol using restaked ETH cannot stabilize asset pegs or change the ETH supply as part of its protocol function. This is the same relationship between the Frax ($FRAX) asset and the DeFi protocols using Frax as cryptoeconomic security including Frax Finance’s DeFi protocols.

Commodity-like Properties
Store of Value
Holding the asset is a store of value equal to all holders similar to BTC rather than being faced with dilution if not staked.

Frax Burn Engine (FBE)
The FBE burns a portion of Frax tokens permanently as a consumptive commodity within the Frax ecosystem. Current burn sources include: Contracts sending Frax to the FBE:

FNS Registrar
Fraxtal EIP1559 Base Fee
More contracts will be added as infrastructure is built in the Frax ecosystem. Projects that wish to contribute to the FBE can add their contract to the FBE infrastructure list by submitting a pull request.

Tail Emission
FRAX’s supply follows a tail emission schedule designed for sustainable growth. The token has an annual inflation of 8% initially (FIP-428), which decreases by 1% each year until reaching a floor of 3% after 6 years. These controlled emissions are allocated to various purposes (such community initiatives, Fraxtal ecosystem growth, team expansion, and the DAO treasury) to continuously fund the ecosystem while gradually reducing inflation over time.

Frax (prev. FXS)

Treasure is building the future of AI-powered entertainment with its native token, MAGIC, which fuels a diverse suite of AI-driven products spanning AI agent technology and infrastructure, first-party games, and an AI Agent Marketplace. Treasure is focused on four core products: AI agent scaling technology (Neurochimp and Mastermind), Smolworld, Bridgeworld Canopy, and an AI Agent Marketplace.

Neurochimp: a flexible AI agent framework that enables the creation of autonomous, NFT-based agents capable of chatting with their holders, playing crypto games, trading on-chain via a secure wallet, and more. These agents adapt their behavior and retain context across dynamic environments.

Mastermind: scalable backend technology for orchestrating millions of concurrent AI agents, ensuring smooth performance under heavy load.

Smolworld: an AI-powered Tamagotchi-style game utilizing MAGIC showcasing Treasure’s NFT agent technology.

Bridgeworld Canopy: a 4X-lite strategy sandbox that utilizes MAGIC and showcases Treasure’s swarm-AI technology.

Treasure’s breakthrough technology enabling adaptive NFT AI agents in dynamic environments will usher in a new era of digital interaction.

Treasure

Euler

Multichain (MULTI), previously known as Anyswap, claims to be the ultimate router for web3 and has positioned itself as an infrastructure developed for arbitrary cross-chain interactions.

As claimed in their official documentation, Multichain offers solutions that enable nearly all blockchains to interconnect – regardless if it is EVM chains (e.g., Avalanche), Layer 2 chains tied to Ethereum (like Polygon), Parachains networks like Moonbeam on Polkadot, and so on.

Multichain is a prominent name in the cross-chain space, with a rapidly growing network of 26 chains, with Total Value Locked (TVL) reaching highs of over $10.45 billion, and a sustained daily volume of over $100 million. However, the onset of the bear market and recent news of Multichain CEO being uncontactable saw TVL dropping to $1.38B.

Multichain

Stargate Finance (STG) is an omnichain-native asset bridge designed to solve the blockchain trilemma, which says that no blockchain can be decentralized, secure, and fast simultaneously. It does this by simplifying cross-chain DeFi transactions, which lets users transfer and swap their assets between different blockchains, layer-2 networks, and decentralized applications (dApps) almost instantly.

Stargate users can also move their assets between different liquidity pools on various decentralized finance (DeFi) protocols and dApps. The protocol supports transfers between eight chains: Ethereum, Avalanche, Polygon, Metis, BNB Chain, Arbitrum, Optimism and Fantom.

The platform offers several other, profit-making features: users can supply liquidity pools, stake assets, and farm tokens. When users stake their assets, they can help govern the Stargate Finance Exchange.

Stargate Finance

ALEX Lab

Velodrome Finance

Metis: A Multi-Network Ecosystem Redefining Decentralized Infrastructure
Metis is more than a Layer 2 - it is a multi-network ecosystem powered by the groundbreaking MetisSDK. Metis is building the future of decentralized infrastructure with a dual-network architecture: Andromeda for secure, general-purpose dApps and Hyperion for high-performance, AI-optimized execution. Both chains interoperate seamlessly, enabling builders to deploy scalable, efficient, and intelligent Web3 applications across sectors such as DeFi, gaming, DEPIN and AI.

Metis

Synapse (SYN) is an interoperability protocol designed for safely and securely sending arbitrary data between blockchains.

Its users can transfer and swap their assets across many different chains, including layer 1, layer 2 and sidechain ecosystems.

The project aims to improve inter-blockchain compatibility by helping its users move their assets between different networks more efficiently. In order to securely transfer its users' assets to and from different ecosystems, while maintaining slippage, liquidity pool balances, and transaction prices, Synapse uses a stableswap algorithm.

The Synapse ecosystem is made up of six parts: the Synapse Bridge technology, the cross-chain AMM, aggregative cross-chain communication, the SYN token, the Synapse Chain, and optimistic security approaches.

With Synapse’s generalized messaging system, any arbitrary data can be sent across chains in a secure and seamless way. Applications no longer have to be separately deployed across multiple blockchains; they can be deployed on a single chain and communicate with other chains to create the exact same user experience from one central application layer. Generic message passing also includes smart contract calls, enabling smart contracts on different chains to easily interoperate with one another.

Synapse Bridge allows users to seamlessly swap on-chain assets across 15+ EVM and non-EVM blockchains in a safe and secure manner. The bridge supports two types of bridging: Canonical Token Bridging — bridging of wrapped assets across chains; Liquidity-based Bridging — bridging of native assets across cross-chain stableswap pools.

Synapse Chain is an Ethereum-based optimistic rollup designed to serve as a sovereign execution environment for cross-chain use cases. Synapse Chain will offer developers a generalized smart contract interface for building natively cross-chain use cases by leveraging Synapse’s cross-chain messaging system. Applications built on Synapse Chain will be able to execute their business logic across any blockchain.

Synapse supports multiple EVM-compatible blockchains and is integrated with nearly 18 layer-1 and layer-2 chains, including Ethereum, Optimism, Arbitrum, Harmony, Avalanche, Polygon, Moonbeam, Fantom and BNB Chain.

Synapse

Rocket Pool is a decentralized Ethereum staking pool offering up to 4.33% APR for ETH2 staking. Users can join the Rocket Pool with its decentralized node operator network or run their own nodes with only 16 ETH. In the latter case, they can earn a commission from staking ETH and earn additional RPL rewards from providing RPL collateral, amounting to up to 6.36% APR for ETH and the additional RPL rewards.

Rocket Pool provides liquid staking, meaning users benefit from an increasing exchange rate instead of adding on to their initial staked collateral, which would be a taxable event. Furthermore, Rocket Pool offers smart nodes: a custom node software allowing anyone to run a node on its network. With losses from bad nodes distributed across the network, individual users minimize their risk of facing penalties. This is supported by the pool’s open-source and audited smart contracts, which guarantee fully non-custodial staking and a maximum degree of decentralization.

Rocket Pool

ssv.network

JOE (JOE) is the native token of LFJ, a decentralized exchange (DEX) on the Avalanche (AVAX) blockchain that offers DeFi services, including swapping, staking and yield farming. The exchange has been growing rapidly, attracting over $4 billion in total value locked (TVL) since it was launched in June 2021. LFJ claims to take a community-first approach, and to prioritize innovation, speed and safety. It aims to provide a one-stop-shop DeFi experience and to integrate new products without compromising on security. To achieve this, LFJ has outlined an ambitious roadmap that focuses on token-holder growth. It plans to have improved staking, non-fungible-token (NFT) exchange listings, the collateralization of the JOE token, and leveraged trading –– all during 2021.

LooksRare is a decentralized, community-first NFT marketplace. The protocol was released on the Ethereum blockchain with an ERC-20 utility token — LOOKS — in January 2022.

The LooksRare platform enables individuals to trade non-fungible tokens, with an emphasis on rewarding users for their participation.

The LOOKS token serves a handful of functions within the LooksRare ecosystem:

100% of trading fees are earned by users who ‘commit’ their LOOKS in the form of Protocol Rewards

Every (non-private) trade incurs a Trading Reward, which acts as a LOOKS rebate for the fee paid on LooksRare trades (currently 0.5%, collected in ETH)

It can be used to participate in exclusive drops and other token-gated applications

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