TOKEN METRICS WATCHLIST
We scored many projects this week. Here are a few you should know about:
- Linera
- Zest protocol
- Rooch Network
- Fuji Finance
- Aether Games
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.
Linera (Website – Twitter)
Linera is a Layer 1 protocol that focuses on eliminating the latency in Web 3 applications and paving the way to scaling. The protocol provides a mechanism of multiple chains called micro chains, in parallel, in the same set of validators. Scalability is obtained by adding chains, not by increasing the size or the rate of blocks. Linera relies on Delegated proof of stake (DPoS) for security. Linera provides developers with an innovative, scalable and secure platform solution to accelerate their Web 3 journey.
Why we like it
As Web 3 has come into the picture, its market size is increasing daily. But the Web 3 domain still needs some help regarding scalability and seamless experience. Linera is on track to change that. Users can use its inexpensive and efficient ecosystem of mempool-free consensus protocols inspired by reliable broadcast and achieve low block latency. The feature of speed does not compromise security and decentralization. Each micro chain can be separately executed on commodity hardware. This allows clients and auditors to run their verifications continuously and hold validators accountable. Linera provides a unique way for developers to build in Web 3.
Investors
They have raised $6M in their seed round led by a16z crypto, with participation from top investors, including Cygni Capital, Kima Ventures, and Tribe Capital.
The Team
Token Utility
TBA
Where can you buy the token
TBA
Zest Protocol (Website – Twitter)
Zest Protocol is a decentralized finance (DeFi) project aiming to create an on-chain Bitcoin capital market leveraging smart contracts secured by the Bitcoin blockchain. It is a Bitcoin lending protocol. Anyone can keep track of their funds on the chain and check the open-source smart contract code that moves the funds around. The protocol allows users to deposit their BTC and earn yield or borrow BTC after going through due diligence and posting collateral.
Why we like it
Bitcoin borrowing and lending are done through third parties or centralized entities with too many counterparty risks. The users also need more visibility of where their funds are being lent to. Zest protocol eliminates this problem by providing an open-source, on-chain, peer-to-peer capital market protocol. It runs through smart contracts secured by the Bitcoin blockchain via the Stacks layer, a Bitcoin Layer 2(L2).
Zest Protocol will offer two pools to the market participants:
- Bitcoin yield pools, where users earn a yield on their BTC
- Bitcoin collateral pools, where users borrow against their BTC
Zest Protocol is giving a new direction to the Bitcoin ecosystem. It wants to be a hub for lending and borrowing for Bitcoin, making it a promising project.
Investors
TBA
The Team
The team is led by professionals who have earlier been a part of the founding team of other startups, and the team possesses expertise in this domain.
Token Utility
TBA
Where can you buy the token
TBA
Rooch Network (Website – Twitter)
Rooch is a modular Layer 2 blockchain project that aims to enhance multi-chain settlement, provide scalability for public chains, support the Move execution environment, and offer a settlement protocol for Web3 DApps. They want to scale the Web 3 ecosystem and serve as the middle layer between all the Layer1 blockchains and all the DApps
Why we like it
Many Web 3 applications have been built, but they have certain flaws like centralized control and less speed which doesn’t fit well for the users. Rooch is working on providing a truly decentralized, speedy, trustless, and censorship-resistant infrastructure. They offer an all-in-one service for Web3 DApps to quickly and flexibly deploy. Rooch’s technology can be applied to various use cases, such as DEX/Swap/DeFi, multi-chain asset initialization issuance, and state channel applications like P2P games and decentralized email/IM.
The exciting thing about Rooch is that its technology can be applied to various use cases, making it a versatile solution. For instance, it can be used for DEX/Swap/DeFi, multi-chain asset initialization issuance, and state channel applications like P2P games, decentralized, and email/IM. This means that it has the potential to be used in a wide range of applications.
Investors
TBA
The Team
TBA
Token Utility
TBA
Where can you buy the token
TBA
Fuji Finance (Website – Twitter)
Fuji Finance provides the best interest rates to users after analyzing thousands of lend and borrow terms across multiple lending markets, protocols, and chains. They want to make lending and borrowing in Defi cheap and accessible. The best part is the loan provided to users are automatically refinanced at a better rate if available in the market. They are working towards developing a community around Fuji that will evolve towards becoming a fully decentralized autonomous organization (DAO).
Why we like it
Many borrowing and lending platforms are available in the market, but Fuji Finance makes the job more straightforward for the participant by providing the best interest rate. The interest rates are volatile, making it difficult for the borrower to attain the best rates. Also, the borrower doesn’t have the time to invest in researching and refinancing. Fuji Finance provides a more accessible and cross-chain alternative. Additionally, it will automatically close a position when the price drops below a predefined threshold, such as a stop loss, to protect the user from liquidation. The project has been audited by industry leaders, ensuring safety for the users.
Investors
The Team
The Fuji Finance team consists of excellent developers who have done commendable work until now.
Token Utility
TBA
Where can you buy the token
TBA
Aether Games (Website – Twitter)
Aether Games is a cutting-edge transmedia development studio specializing in creating immersive gaming and entertainment experiences for web2 and web3 audiences. With a focus on storytelling, Aether Games’ mission is to build a comprehensive gaming franchise that seamlessly integrates traditional gaming, blockchain technology, and engaging narrative content across various media formats.
Why we like it
The gaming industry is one of the most significant industries in the world. With the creation of blockchains and NFT, the gaming industry has got more immersive and glamorous. Aether combines blockchain technology with it’s spectacular CGI and graphics to give users a unique and unforgetful cinematic experience. Using astonishing CGI backed by a strong team gives them a competitive advantage. Aether Games utilizes NFTs to represent creatures, adventurers, cards, crafting materials, consumables, and bloodline glyphs. This way, players can claim ownership of digital assets and buy and sell according to their wishes. The game also features a progressive rewards system, which gives players exclusive rewards as they progress through the game. The work they have created till now is impressive, making it a project to watch out for.
Investors
Aether Games has raised $5 million in seed and equity funding from a group of prominent investors, including Mystenlabs, Polygon, Magic Eden, Polkastarter, Cogitent, Ultra, GSR, EMURGO, Master Ventures, and Eclipse.
The Team
Aether Game consists of a strong team of talented and experienced individuals from the gaming and CGI industry.
Token Utility
The $AEG token is the native of the Aether universe, providing a common medium of exchange between users, developers, and businesses. The use cases of the $AEG token are as follows:
In Gaming – The $AEG token is used to create customized in-game items within Aether Games. The token can also nest within heirlooms, a cross-game dynamic NFT that grows over time. Nesting provides the players with more benefits in the game.
Staking – The $AEG token is also used for staking in the Aether Vault, a decentralized application that allows users to store and manage their $AEG tokens. The stakers are rewarded with $AEG tokens for holding their tokens.
Payment – The $AEG token is used as a payment solution within the Aether universe and marketplace.
Bridge – The AEG token bridges traditional and web3 gaming, connecting the two distinct spaces and providing a way for gamers to access both benefits.
Where can you buy the token
TBA
