TOKEN METRICS WATCHLIST

We scored many projects this week. Here are a few you should know about:

Autohedge
QuantAMM
Aftermath Finance
Homebase
Zeta Markets

Please keep in mind that some of these projects have not yet been subjected to our code review process, but we want to call them out here for preliminarily catching our eye based on our fundamental analysis process.

Autohedge- 68.75% (Website – Twitter)

AutoHedge is a decentralized application tailored for liquidity providers (LPs), offering a seamless and efficient means to hedge against volatility. LPs utilize the Autonomy protocol to establish delta-neutral positions, allowing them to effectively navigate various market conditions, including bullish trends, bearish trends, and unforeseen black-swan events.

Why we like it

AutoHedge offers a solution that allows liquidity providers (LPs) to maintain a fully hedged position, ensuring a consistent position value regardless of price fluctuations in the underlying tokens. In doing so, LPs continue to accrue trading fees on their holdings, transforming a regular LP token into an asset akin to a yield-bearing stablecoin. This innovative approach mitigates the primary source of risk for existing LPs, enabling them to participate with larger capital allocations, ultimately benefiting traders with improved pricing. Furthermore, AutoHedge allows institutions to engage in LP activities within decentralized exchange (DEX) pairs featuring volatile assets, treating their participation as akin to holding a yield-bearing stablecoin, thereby expanding their market reach.

AutoHedge allows LPs to engage in DEX liquidity provision using stablecoins while maintaining a ‘delta-neutral’ stance. This means that price movements within the token pair being LPed do not impact the value of the LP’s position, yet they continue to accrue trading fees. Additionally, AutoHedge can leverage LP positions, potentially increasing the Annual Percentage Yield (APY) up to 10-fold. For instance, if the APY of a DAI-ETH pair is 10%, leveraging LP 10x would result in a 100% APY. These functionalities are accessible with a single click, ensuring a user experience (UX) on par with traditional liquidity provision on DEX platforms or engagement with stablecoin yield farming protocols.

Investors

No investors found for Autohedge.

The Team

James Key, the founder and CEO, brings a wealth of experience from the blockchain industry. A dedicated and experienced team complements his expertise.

Token Utility

The details of the token have yet to be revealed.

Where can you buy the token

The token has yet to be launched.

QuantAMM- 66.67% (Website – Twitter)

QuantAMM is a decentralized finance (DeFi) protocol that facilitates Blockchain Traded Funds (BTFs) management and trading. These BTFs function as decentralized exchange (DEX) pools and can range from straightforward index tracker BTFs to sophisticated quantitative trend-following hedge funds. The distinctive feature of QuantAMM is its capacity to construct BTFs on-chain, as opposed to the traditional approach of tokenizing existing exchange-traded funds (ETFs). This innovative approach empowers users to maintain full custody of their assets while benefiting from transparent and automated rebalancing mechanisms.

Why we like it

QuantAMM represents a pioneering Automated Market Maker (AMM) designed specifically for the execution of quantitative funds, all within the blockchain ecosystem. By integrating the most effective principles from traditional finance into Decentralized Finance (DeFi), QuantAMM has established a quantitative asset management protocol capable of generating revenue through the dynamic reallocation of capital while providing fundamental AMM functionalities. This innovative platform leverages the architecture of Blockchain Traded Funds (BTFs) to offer users automated asset rebalancing technology, enabling the seamless buying and selling of assets directly on the blockchain. This unique capability positions QuantAMM to facilitate traditional quantitative strategies through Temporal Function Market Making (TFMM), enhancing them with the added security of Zero-Knowledge Proof (ZK Proof) technology, thereby ensuring encrypted and proprietary execution of on-chain strategies suitable for institutional-level participants.

Passive traditional finance (TradFi) products use predefined rules to adjust asset allocations, which can be brought onto the blockchain for transparency and cost reduction. QuantAMM’s Blockchain Traded Funds (BTFs) are flexible and governed by user-defined rules and strategies, even allowing nested approaches. For instance, a stablecoin pool with de-pegging awareness can be a constituent of another BTF, eliminating the need to choose between stablecoins. BTFs can replicate traditional finance strategies while embracing novel ones. QuantAMM prioritizes regulatory compliance, offering transparent and understandable products suitable for a broad audience, not just blockchain experts.

Investors

QuantAMM is a member of the Chainlink Build program.

The Team

Token Utility

The details of the token will be revealed later.

Where can you buy the token

The token is not available to trade.

Aftermath Finance- 64.58% (Website – Twitter)

Aftermath is developing a comprehensive platform designed to facilitate trading, investment, and yield generation in a manner characterized by speed, affordability, and complete transparency. Their commitment to delivering an intuitive user interface across various sectors, coupled with the exceptional performance of the Sui network, positions Aftermath as the preeminent trading destination catering to the needs of speculators, hedgers, and arbitrageurs alike.

Why we like it

Aftermath is building a versatile ecosystem on the Sui network. Their platform includes Constant Function Market Maker (CFMM) index pools, Liquid Staking Derivatives (afSUI), perpetual for margin trading, NFT and GameFi markets, isolated lending pools, options through Decentralized Options Vaults (DOVs), and a range of structured products. Their Constant Function Market Maker (CFMM) empowers users to create pools of up to 12 assets with customization options. Index pools serve various purposes, including portfolio management, spot swaps, and yield farming. Users can execute low-slippage trades between assets such as stablecoins, ETH, and BTC across the bridges connected to the Sui network by integrating their multi-asset pools with the stable swap invariant. Their Liquid Staking Derivative, afSUI, is designed to generate returns while allowing SUI tokens staked for network security to remain easily accessible in decentralized finance (DeFi) applications. They have created a perpetual market that provides substantial liquidity and is a pioneer in options trading within the DeFi space.

By leveraging an order book execution layer optimized for the speed and scalability of the Sui network, their perpetual market enables traders to engage in margin trading of various assets, including cryptocurrencies, forex, and commodities. To ensure deep liquidity and narrow spreads, they have developed a Software Development Kit (SDK) and liquidity provider (LP) vaults that allow retail traders to participate in market making. As a dedicated partner within the Sui ecosystem, they continuously innovate and offer various financial instruments to empower users and stimulate growth.

Investors

The Team

The details of the team have not been disclosed.

Token Utility

$AF is the token of Aftermath Finance. The utility of $AF comes from the revenue generated by fees from AMMs, perpetual, routers, and other sources. Additionally, the token will be used for governance purposes. Its maximum supply is 1 billion.

Where can you buy the token

The token is not available to trade.

Homebase- 62.50% (Website – Twitter)

Homebase simplifies investing in tokenized residential real estate, providing a user-friendly platform enabling individuals to participate in income-generating residential real estate with as little as $100. Their mission is to revolutionize the conventional real estate investment landscape by utilizing disruptive technology, promoting data transparency, and leveraging the strength of community support. In doing so, they empower users to access the potential benefits of high-quality real estate assets.

Why we like it

Homebase is pioneering the tokenization of real estate properties through Security Token Offerings (STOs), a legally compliant method that links real-world assets to blockchain-based tokens. Their platform empowers individuals from all backgrounds to become real estate investors, bridging the gap between liquidity in decentralized finance (DeFi) and returns on traditional real estate assets. Homebase handles all the aspects securely. Homebase identifies and lists suitable investment properties manages property operations, and ensures the timely collection and distribution of rent to all property owners. Traditional real estate investment often demands substantial capital, involves multiple third-party intermediaries (such as appraisers and banks), and entails the complexities of property management. By transacting on Homebase, investors are liberated from these traditional real estate investment challenges, transforming the experience into a genuinely passive endeavor.

Utilizing blockchain technology, Homebase is committed to providing users and investors unfettered access to transparent data about all properties tokenized on their platform. This data encompasses essential insights, including month-to-month price fluctuations, transaction history, and comprehensive legal documentation. The main objective is to create a fair and balanced environment by providing equal information access for institutional and retail investors. This equality gives local investors the same informational advantage as institutions, allowing them to make better-informed and more thoughtful investment decisions.

Investors

No investors found for Homebase.

The Team

The founding team of Homebase consists of graduates from the Techstars Accelerator program, who bring a wealth of experience from prominent tech companies and startups. Domingo Valadez, the CEO, has worked with Google. Alexander, the CTO, has a mechanical engineering background and has worked with Alveo Technologies, Sensata Technologies, and iRobot. Basile Fengos, the third co-founder, has worked with Morgan Stanley and Amazon. Together, they bring diverse experiences to Homebase.

Token Utility

The details of the token have yet to be revealed.

Where can you buy the token

The token has not yet been launched.

Zeta Markets- 60.42% (Website – Twitter)

Zeta DEX is a decentralized derivatives exchange that offers non-custodial, under-collateralized Perpetual Swaps trading. It is built on a globally distributed, fully on-chain order book. At Zeta, their primary objective is establishing themselves as the premier on-chain trading solution, catering to web3 retail and institutional adoption within the blockchain ecosystem.

Why we like it

The protocol allows users to execute high-speed orders and engage in speculative activities based on their predictions regarding the future price movements of cryptocurrencies. Its decentralized exchange (DEX) facilitates this functionality, effectively introducing trading tools traditionally associated with conventional financial markets like forex and stocks into the blockchain ecosystem. Users can trade with USDC as collateral while maintaining complete control and custody of their assets. The platform allows users to leverage up to 20x, enhancing their trading potential. The protocol incorporates a fully on-chain central limit order book (CLOB) to optimize price discovery and execution efficiency, surpassing the performance of Automated Market Makers (AMMs). Users can programmatically connect to the platform’s smart contract via the provided SDK and CPI programs, enabling seamless integration into their trading strategies. Users can programmatically connect to the platform’s smart contract via the provided SDK and CPI programs, enabling seamless integration into their trading strategies. The platform delivers a comprehensive suite of features to empower users in the blockchain trading environment while maintaining a commitment to security and self-custody of assets.

Investors

The Team

Tristan Frizza serves as the Founder and CEO of Zeta Markets, bringing valuable skills and extensive experience to the company. The team, consisting of passionate individuals with diverse expertise, complements his leadership.