Market's fierce allure,
Gensler's grip, futile grasp,
Chads buy puts, he fails.

11 hand picked, top tier, project launches of the week, explored in detail, covering ↓
- Web3 tools
- Protocols
- 10x hot narratives
- Wallets

1/🧵
Follow : @SixthSense_xyz
https://thesixthsense.beehiiv.com/p/8-protocol-hunt-39th-june-23


2/ Excel sheet WITH clickable links for 12 top tier projects launched last week, at the end.

While all projects are hand picked, they haven't been vetted.

So NFA, DYOR, and see ya on the moon.


3/ @0xSchwap - On-Chain OTC Exchange

Powers DeFi's top OTC markets, supporting ERC-20s, NFTs, and hybridized OTC trades, all fully on-chain.

Raised $0.5M pre-seed in just 44 mins.
Explainers by @SamuelXeus and @Only1temmy https://twitter.com/SamuelXeus/status/1664021531633262593?s=20
https://twitter.com/Only1temmy/status/1663273786203049985?s=20


4/ @Athena_DeFi_ - Magnified DeFi Yield

Aggregates converted HUM & unlocks utility for $HUM, providing users with a portion of the generated yield as $xHUM.

Authorized @Vector__Finance fork.
Native Token is $ATH 👀+ Crazy APRs
https://twitter.com/Athena_DeFi_/status/1666120658944937984?s=20
https://twitter.com/josefabregab/status/1666769872083202048?s=20

5/ @PrismaFi - LST backed stable

A new DeFi innovation harnessing Ethereum's liquid staking tokens (LSTs) to mint acUSD, a stablecoin fully collateralized by LSTs.

Backed by @newmichwill  ,@C2tP ,@fraxfinance , @CurveFinance , & others.
https://twitter.com/PrismaFi/status/1663908241481318403?s=20

6/ @MendiFinance - lending protocol on @LineaBuild

Provides decentralized, transparent, and non-custodial P2P lending solutions, offering competitive incentives for money markets w deep liquidity. @SonneFinance & @MareFinance friendly fork.

https://twitter.com/MendiFinance/status/1663516246841651200?s=20


7/ @LuminProtocol -  Lending Protocol, on @arbitrum

$LUMIN utilizes a DAO for governance. Unique features include fee sharing, buyback-and-distribute, & buyback-&-burn. Loans are individually tailored and secured as NFTs, tradable on marketplace.

https://twitter.com/LuminProtocol/status/1658584512060596226?s=20

8/ @FluoFinance - Omnichain Liquidity management platform for DEXs.

Helps Liquidity Providers, DEXs, protocols, & traders by enabling participation in market-making strats.

Powered by  @axelarcore

https://twitter.com/FluoFinance/status/1659471075472986112?s=20

9/ @helix_finance -

Helix is an accredited marketplace using blockchain technology to provide access to off-chain private credit in emerging markets.

Backed by  @OVioHQ  and @neworderdao  Basecamp

https://twitter.com/helix_finance/status/1660997237747630081?s=20

10/ @0x_maze - PrivacyTech

Maze's VPN, spoofer, and mixer offer a comprehensive suite of tools to safeguard your identity, protect your privacy, and enable secure and private transactions in the decentralized landscape.

https://twitter.com/0x_maze/status/1665261029071134723?s=20


11/ @zkSynth - Trading Protocol on @zksync

Creating synthetic assets in shared debt pools, enabling slippage-free on-chain trading, maximizing capital efficiency, pushing DeFi boundaries. Bringing TradFi and Cross-Chain Assets (BTC, XRP, ADA) to DeFi.

https://twitter.com/zkSynth/status/1665990062939467776?s=20

12/ @DubbleExchange - ve(3,3) on @arbitrum

Built for protocols, providing access to low-fee swaps, revenue sharing, & other benefits. It uses $DUB, an interest-bearing stablecoin, as the base token in most pairs, creating unique opportunities for users.

https://twitter.com/DubbleExchange/status/1667114310709944321?s=20

13/ @membranefinance - RWA, Infra

Specialists in development of financial software and services that link tradfi infra & blockchain-based services. Principal architect of EUROe - an EU regulated, full-reserve euro stablecoin that brings fiat euro liquidity on-chain.


17/ A detailed overview here, WITH clickable links
https://docs.google.com/spreadsheets/d/1B92WHRnite5A9Pc7boD3rvEfFLDvTk1yTfNjZxF9l0s/edit#gid=1615751534

18/
Want to spot early movers before they blow up, saving hours of your time, while potentially making 5+ figures passive income?

Drop a sub :)
Or RT, if that's your jam.

https://thesixthsense.beehiiv.com/p/8-protocol-hunt-39th-june-23

All new projects get featured in 'The Protocol Hunt'- submit your entries here: https://tally.so/r/wzN2GE

7/ Any project launches we missed?

@rektdiomedes

@chinchillah_

@subli_defi

@DefiMinty

@WinterSoldierxz

@Croesus_BTC

@0xFlips

@0xCrypto_doctor

@0xSurferboy

@thelearningpill

@Schizoxbt

@crypto_linn

@CryptoShiro_

@DAdvisoor

@defi_mochi

@0xSalazar
@tom



@francescoweb3

@crypto_TomTom


@cyrilXBT
@0xFastLife

@NNovaDefi

@Rektfencer

@pt1mfv_

@CJCJCJCJ_

@ThisIsM1NH

@_FabianHD

@kindahangry

@slappjakke

@Hercules_Defi

@Louround_

@2lambro

@OvrCldJonny

@CryptoKoryo

@0xFinish

@the_smart_ape


Exploring Top Project Launches of the Week in Web3 and Crypto Space.

#3 The Ape Board - February 7th, 2023 is out: https://theapeboard.substack.com/p/3-the-ape-board-7th-february-2023

 - creating #BTC NFTs @dotta
 - DCG, Genesis reach settlement @laurashin
 - Binance USD bank transfers suspended @AP_Abacus
 - CoWswap contracts compromised @peckshield
 - $2M paid to play dookey dash



 - 51% attacks @iamzubbyx
 - MEV & modularity @0xRainandCoffee
 - cbETH on AAVE @lemiscate
 - Weekly L2 roundup @daddysether
 - ZKP guide @0xSalazar
 - Hot Arbi launches @LandfSmile
 - GammaSwap $GS
 - whale watching @ThorHartvigsen

That's a wrap! Please RT/follow to support.

on-chain perpetuals in defi have achieved sustainable PMF with users. Options are the most commonly used derivative in trad-fi where they are used as a tool for protecting positions and hedging against risks.

a 🧵, where we analyze on-chain options ecosystem

1/

@opyn_ on Ethereum is the biggest options protocol (TVL: 50M).

The main product is Squeeth (oSQTH):

a) When long, you buy oSQTH which is ETH². It offers unlimited upside with no liquidation risk.
b) When short oSQTH, you earn funding rate for providing collateralized ETH.

2/

There are other strategies on Opyn:

a) Crab Strategy: automated strategy that allows USDC depositers to earn by shorting Squeeth without taking a view on the price of ETH
b) Zen Bull: ETH deposit is split between the Crab strategy and a leveraged long ETH position.

3/

@lyrafinance on Optimism is an open protocol for trading options (TVL: 14M)

Lyra is a suite of smart contracts that create an automated market maker for trading options. Lyra users can buy/sell call, put options with expiry.

https://www.lyra.finance/

4/

@PolynomialFi offers automated option selling vaults to deliver passive yield. The vault weekly sells call and put options on Lyra Finance and uses synthetics (@synthetix_io).

Currently, they offer 3 vault strategies:

a) sETH-collateralized ETH call selling strategy

5/

b) sUSD-collateralized ETH put selling stratgey
c) sUSD-collateralized ETH call selling strategy

The team is vibrant and they have ambitious development plans to bring better synergies to their vaults.

6/

@Hegic is an on-chain peer-to-pool options trading protocol on Arbitrum (TVL: 6M).

There are various option strategies on Hegic for positional bets (bullish, bearish, high volatility and low volatility) on the ETH, BTC markets.

7/

@PremiaFinance is a fully-featured peer-to-pool options platform operating majorly on Arbitrum & Ethereum (TVL: 7M). Premia provides an AMM that uses pool pricing mechanism to deliver dynamic option pricing based on market supply and demand.

https://app.premia.finance/options

8/

Premia offers 2 major products:

a) Options Trading: Market driven pricing relative to supply and demand of capital within that pool.
b) Liquidity Pools: Liquidity sensitive returns to LPs, granularity in terms of control over markets LPs underwrite, Premia token rewards.

9/

@dopex_io is a decentralized options protocol currently operating on Arbitrum (TVL: 22M)

Dopex offers 2 products:

a) Single Staking Option Vaults: These are single token vaults with weekly/monthly expiry. Deposits are sold as call options to buyers at fixed strikes.

10/

b) Atlantic Straddle Vaults

Sharing a deep-dive into understanding Atlantic Straddle vaults by Dopex.

11/
https://twitter.com/eli5_defi/status/1571117064546553856

Options on-chain are still very nascent and have not had the kind of success that Perps have witnessed. It is yet to be seen if Options on-chain will get user traction/market fit in future.

Let me know about your viewpoints around Options and which platform do you use. 👋👋

Understanding on-chain Options

STARKNET AIRDROP MEGA THREAD

@StarkWareLtd launched StarkNet Alpha on Eth Mainnet in Nov 2021 along with details on decentralization proposal, StarkNet Token and tokenomics.

https://twitter.com/StarkWareLtd/status/1547223754832478209

The most complete thread on how to participate in Starknet airdrop.


🧵 (1/n)

$STARK tokenomics:

10B $STARK tokens have been minted off-chain by StarkWare.

👉 17% — Investors

👉 32.9% — Core Contributors: employees, consultants and software developer partners

👉 50.1% granted to the Foundation, which shall be further used as follows:

(2/n)

• 9% — Airdrop to StarkEx users. @dYdX, @rhinofi, @Immutable etc. Snapshot: June 1

• 9% — Incentives to onboard users from Ethereum.

• 24% — Grants for research, donations and strategic reserve.

• 8.1% — Unallocated; to support community.

https://medium.com/starkware/part-3-starknet-token-design-5cc17af066c6

(3/n)

@StarkWareLtd Funding:

Raised $273M till Series D from bunch of investors like Eth Foundation, Paradigm, Sequoia, Coatue, Greenoaks.

They have invested in protocols building on StarkNet: @rhinofi, @argentHQ, @zkxprotocol, @zkLend, @matchbox_dao, @xmtp_, @ParallelFi

(4/n)

How to qualify for the $STARK airdrop?

👛 Prepare your wallets for StarkNet:


1. Currently, Starknet L2 is supported by @argentHQ and @myBraavos wallets.
2. Download and setup your accounts on Mainnet. This will help you access StarkNet.

(5/n)

🌉 Bridge from mainnet to StarkNet:

1. StarkGate Alpha Bridge - official bridge for StarkNet.
https://starkgate.starknet.io/

2. @Orbiter_Finance allows you to bridge from L1<>L2 and also L2<>L2. Supports all major L2s.

(6/n)

⟠ Ethereum Mainnet power user:

High chances that $STARK tokens will be used to incentivize Ethereum power users towards L2. This can include users of d-Apps, DAO voters and stakers on the mainnet.

(7/n)

👍 Interacting with StarkNet dApps:



I have complied a list of projects building on StarkNet. Interact to maximize your chances for any $STARK airdrop 🪂 and  possible dApp airdrop.


https://docs.google.com/spreadsheets/d/1D0MrW7vBWFKB_oz8WSig98J1vD6nAn41QE8cNuJ8yW0/edit?usp=sharing

(8/n)

