TOKEN METRICS WATCHLIST

We scored many projects this week.

Please remember that some of these projects still need our code review process. Still, we want to call them out here because they preliminarily caught our eye based on our fundamental analysis process.

Kamino Finance- 68.75%

Sector – Decentralized Finance (DeFi)
Status – Active
FDV – $580M
TVL – $1.02B

Kamino Finance is a comprehensive DeFi platform built on the Solana blockchain, offering a suite of tools for concentrated liquidity management. Through Kamino Finance, users can access a range of DeFi functionalities, including borrowing, lending, leveraging assets, creating automated liquidity strategies, and using concentrated liquidity positions as collateral. By combining lending, liquidity provision, and leverage, Kamino Finance provides a seamless platform for users to participate in various financial activities within a unified ecosystem.

Features

Integration of Lending, Liquidity, and Leverage: Kamino’s architecture seamlessly combines these elements, allowing users to use complex financial strategies within a single platform.
Enhanced Capital Efficiency: Through features like eMode and a unified liquidity pool, Kamino maximizes the use of capital, reducing the need for fragmented pools and thus increasing potential yields.
Advanced Risk Management: With its sophisticated risk engine and real-time simulation tools, Kamino provides a secure environment for managing DeFi investments.
Decentralized Governance: Users can actively engage in the decentralized decision-making process, ensuring that the protocol evolves in alignment with the interests of its community.

Token

$KMNO serves as the native token of the platform, offering users the opportunity to stake it to enhance their earnings. If governance features are integrated into the protocol, $KMNO will also confer utility and voting rights to holders. The total supply of $KMNO is capped at 10 billion tokens.

Where can you buy the token?

$KMNO can be brought from exchanges like KuCoin, MEXC, and Bybit.

Swisstronik- 62.50%

Status – Active

Swisstronik is a layer-1 blockchain solution that prioritizes regulatory compliance and customer privacy. The company’s mission is to advance the practical applications of blockchain technology while adhering to regulatory standards and safeguarding customer information. Its platform enables the development of scalable applications secured by zk-SNARKs and Intel SGX, allowing for rapid deployment and minimal costs, even for users with limited cryptography expertise.

Features

Regulatory Compliance: Swisstronik operates as a self-regulating network comprising leading KYC and AML providers, regulatory bodies, and other compliance partners in various jurisdictions. This network facilitates seamless, compliant cross-border operations. With a robust network of KYC and AML providers, Swisstronik simplifies compliance processes for users and developers, enabling smooth transactions across borders.
Data Protection: Swisstronik prioritizes data privacy through programmable protection technology based on Intel SGX and cryptographic protection technology using Zero-knowledge proofs (zk-SNARKs).
Digital Identity: Integrated within the Swisstronik blockchain, SDI is a protocol-level identification system that ensures every user’s real-world identity has been verified by a third-party ID provider.
EVM Compatibility: Developers can use familiar Ethereum tools and languages like Solidity and Web3.js, making it easier to migrate existing dApps or develop new ones on Swisstronik.
Interoperability: Through the Cosmos SDK’s IBC protocol, Swisstronik can communicate and transact seamlessly with other blockchains in the Cosmos network, broadening the potential for cross-chain integrations.

Investors

Token

SWTR is pivotal in the Swisstronik ecosystem, serving as the native token. Firstly, it is utilized for staking, where users hold and lock SWTR coins to support the security and operation of the Proof-of-Stake chain. Secondly, SWTR functions as a governance token, empowering holders to participate in decision-making by proposing and voting on ecosystem changes or improvements. Lastly, SWTR acts as gas for running smart contracts on the Ethereum Virtual Machine (EVM), enabling users to execute transactions and engage with decentralized applications seamlessly within the Swisstronik ecosystem.

The token will be launched soon.

Chakra- 60.42%

Sector – Bitcoin L2/Restaking
Status – Not yet launched.

Chakra is a Bitcoin restaking protocol driven by zero-knowledge (ZK) technology. It aims to establish a secure Bitcoin Proof-of-Stake system, activating liquidity for long-term held Bitcoin assets. Additionally, the protocol provides decentralized services that are maintained by asset holders.

Features

Self Custody: where staking proofs can be verified on any Proof-of-Stake (PoS) blockchain, allowing stakers to participate in consensus and governance, including on Bitcoin Layer 2 solutions, without the need to move their Bitcoin from their wallet.

Zero Knowledge Proofs: Chakra utilizes zero-knowledge (ZK) proofs for staking events, which can be verified through an on-chain ZK light client. These proofs can be verified off-chain, providing a trustless verification method that does not require a connection to the Bitcoin network or consensus for security.

Restaking: Additionally, Chakra offers a restaking service where users can earn interest on their Bitcoin. Staking proofs can be verified in various locations, granting stakers multiple rights and providing a range of services maintained by the stakers.

Chakra is a Bitcoin restaking protocol that leverages zero-knowledge proofs, specifically employing STARKs to validate staking events on the Bitcoin network. The protocol is designed to verify these proofs on layer-2 chains, aiming to expand the utility of the Bitcoin system as a whole.

Zero Computing- 58.33%

Sector – Zero-Knowledge
Status – Not yet launched

Zero Computing is a pioneering cloud platform dedicated to enhancing efficiency and reducing costs associated with zero-knowledge-proof generation. It also provides custom compute instances tailored for swift, cost-effective proof generation processes.

Features

Cost Effective: Zero Computing offers a compelling suite of benefits for users. Firstly, it significantly reduces cloud costs, surpassing traditional providers like AWS and GCP by up to 60% through its optimized infrastructure. This is made possible by the platform’s dedicated zero-knowledge (ZK) infrastructure and tailored compute instances, eliminating unnecessary expenses and streamlining proof generation processes for users.
Faster Proof generation: Additionally, Zero Computing enables users to generate ZK proofs 20% faster than industry benchmarks, ensuring efficient operations.
Tight Security: Furthermore, the platform prioritizes security, enabling users to safeguard their funds through the mathematical verification of transactions and off-chain states.
Customized Computing: Zero Computing specializes in providing customized compute instances designed for the efficient generation of zero-knowledge proofs, catering specifically to the requirements of blockchain projects. These instances are meticulously optimized, considering various factors such as the selected proving system, desired proof price, network latency requirements, and the desired level of decentralization.

Zero Compute is introducing a groundbreaking innovation in zero computing poised to significantly impact the blockchain industry. Specializing in zero-knowledge proof production, the company offers specialized and cost-efficient proof generation services, enabling blockchain projects to leverage the full potential of zero-knowledge proofs.

Talus- 58.33%

Sector – Artificial Intelligence
Status – Not yet launched

Talus Network is a specialized Layer 1 blockchain designed to accommodate AI smart agents, enabling them to coexist, interact, and conduct transactions efficiently. The network leverages MoveVM and Move language to deliver superior blockchain performance and developer experience. Its vision is to establish a new network that tackles the challenges associated with centralized AI systems by harnessing decentralization for AI applications.

With a focus on speed, security, and liquidity, Talus aims to usher in a new era of consumer AI applications, mainly focusing on smart agents. By combining Move’s smart contract security, performance, and object-oriented programming, Talus provides robust developer tools and fosters a symbiotic ecosystem for many AI smart agent use cases.

The platform enhances security through safety checks and object-oriented programming, preventing vulnerabilities and enabling complex applications. It optimizes speed with parallelization and resource management, ensuring high throughput and low latency. Additionally, developers benefit from first-class resources, improved frameworks, and simplified asset representation, enhancing their ability to create high-quality programs efficiently.