TOKEN METRICS WATCHLIST

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

Myria
Penpie
Vistara
Ithaca Finance
AtomicHub

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.

Myria (Website – Twitter)

Myria, a pioneering Web3 gaming ecosystem and Layer 2 blockchain, was specifically designed by gamers for gamers. It offers a wide range of captivating features and exceptional scalability, effectively addressing the limitations of the Ethereum network. Myria’s innovative Ethereum Layer 2 scaling solution utilizes ZK-Rollup technology to enable decentralized applications (dApps) to achieve unparalleled scalability while maintaining robust security measures.

Why we like it

Myria offers a wide range of captivating features and exceptional scalability, effectively addressing the limitations of the Ethereum network. With Myria, gamers can enjoy instant transactions with zero gas fees and the ability to mint NFTs free of charge. The platform’s remarkable transaction speeds, surpassing 9,000 transactions, make it an enticing choice for any Web3 gaming project seeking rapid, secure, and decentralized solutions. To provide users with a seamless gaming experience, Myria has developed its own Layer 2 wallet and NFT marketplace, creating a comprehensive ecosystem for gamers to explore and engage with. The platform’s immense potential has attracted over 250 Web3 projects, setting the stage for significant growth. Additionally, Myria boasts a vibrant social media community with over half a million dedicated users, reflecting the widespread enthusiasm surrounding the project’s prospects.

Investors

TBA

The Team

The Myria team is strong, passionate, and possesses great experience. The collaborative efforts of the team have built an exceptional platform.

Token Utility

MYRIA, a fully audited ERC-20 utility token by Hacken, serves as the currency for transactions within Myria’s Layer 2 (L2) scaling protocol. The utility of MYRIA is nodes purchase and rewards, staking, protocol fees, governance, additional in-game utility, and exclusive NFT purchases.

Where can you buy the token

TBA

Penpie (Website – Twitter)

Penpie is an innovative DeFi platform that aims to provide Pendle Finance users with advanced services to boost their yield and veTokenomics. By seamlessly integrating with Pendle Finance, Penpie focuses on the process of locking PENDLE tokens to unlock governance rights and enjoy enhanced yield benefits within the Pendle Finance ecosystem. This groundbreaking approach transforms how users maximize their investment returns and capitalize on their governance authority.

Why we like it

Penpie operates as a platform that enhances yield for users of Pendle Finance. Within Pendle Finance, users have the capability to manage their yield by utilizing the veToken model, which involves locking PENDLE tokens as vePENDLE. This action grants users governance rights, a share of revenue, and the ability to earn a higher Annual Percentage Rate (APR%) as liquidity providers. Penpie introduces mPENDLE as a parallel token to PENDLE, offering users the opportunity to stake it and earn an augmented revenue share. When users choose to convert their PENDLE tokens into mPENDLE, Penpie securely locks the converted tokens as vePENDLE within the Pendle Finance ecosystem. This unique model enables users to earn higher rewards and empowers Penpie to acquire governance rights and benefit from an increased Annual Percentage Rate (APR%) as a liquidity provider on Pendle Finance. The TVL has more than doubled since it’s launch in June to approximately $48M.

Investors

TBA

The Team

TBA

Token Utility

PNP token- PNP is the governance and revenue-sharing token of Penpie.

mPENDLE- mPENDLE is Penpie’s version of the PENDLE token used in Pendle Finance. Users can convert PENDLE to mPENDLE, which is then locked as vePENDLE on Pendle Finance. The locked PENDLE entitles Penpie to enhanced rewards and governance benefits, offering users sustainable, boosted passive income and cost-effective governance power.

Where can you buy the token

You can buy the PNP token from a decentralized exchange.

Ithaca Finance (Website)

Ithaca Finance aims to establish a decentralized blockchain infrastructure that enables smooth and secure cross-chain operations, facilitating efficient risk sharing across different timeframes and scenarios for digital assets. The company offers solutions for on-chain and off-chain bridging and settlement, guaranteeing seamless and secure transactions. Its platform integrates trustless protocol governance, promoting transparency and reliability in the overall system.

Why we like it

The platform offers an options trading protocol, an algorithmic market maker, a verifiable collateral optimization and liquidation engine, a risk trenching methodology, and robust protocol governance. It also includes a cross-chain infrastructure that optimizes risk sharing, an options trading protocol, an algorithmic market maker, and a collateral optimization and liquidation engine that can be verified. By integrating sophisticated derivative structuring and execution capabilities into their algorithmic market maker, they empower users to directly access these functions, including the associated profit and loss calculations. The platform is EVM-compatible and designed to be verifiable and optimally provable. They utilize an auction-based system for derivatives, providing users with transparent and efficient trading experiences. By embedding market makers’ risk-taking and financial engineering expertise into their algorithmic market makers, they enable users to access advanced derivative structuring and execution capabilities with ease.

Investors

TBA

The Team

TBA

Token Utility

TBA

Where can you buy the token

TBA

Vistara (Docs)

Vistara is a cutting-edge framework for deploying rollups with a simplified process, revolutionizing the design and management of scalable infrastructure. By leveraging Vistara’s Cloud OS and a decentralized replicated cloud comprised of modular components, developers gain unparalleled control and user-friendliness, effortlessly converting code into distributed hardware.

Why we like it

Vistara’s innovation revolves around its architecture, which serves as the foundation of the platform. Vistara bridges the gap between software and hardware by enabling developers to create modular components. These components seamlessly connect within the replicated cloud, effectively transforming code into distributed hardware capable of efficiently handling resource-intensive applications. With its Accelerating Rollups, Cloud OS, and decentralized replicated cloud, Vistara aims to revolutionize the creation and management of distributed applications. The platform significantly reduces the time required for designing application-specific rollups, testing, iterating, and deploying them in the modular ecosystem. Vistara simplifies the configuration, deployment, and maintenance of rollups to a level as straightforward as deploying a front on Vercel.

Investors

TBA

The Team

TBA

Token Utility

TBA

Where can you buy the token

TBA

AtomicHub(Website – Twitter)

AtomicHub is a legitimate NFT marketplace that operates on both the EOS and WAX blockchain networks. It offers users the ability to list their NFTs using the well-established AtomicAssets standards. This platform provides a range of features, including the opportunity to browse, purchase, trade, and list NFTs. AtomicHub empowers individuals to effortlessly create their own NFTs without requiring specialized technical expertise.

Why we like it

AtomicHub provides a wide array of user-friendly functionalities that enhance the overall user experience. Users have the opportunity to explore various projects on multiple blockchain networks, discover exciting new drops from primary sales, and engage in social interactions and trading activities with their friends. The platform’s Account System simplifies onboarding, improves user experience (UX), and gives users a consistent identity across all chains and wallets. This integrated approach offers convenience and streamlines the process of trading NFTs. At the heart of AtomicHub lies the underlying framework known as AtomicAssets, which comprises collections, schemas, templates, and assets. Collections serve as a means of combining assets, schemas, and templates while also managing permissions effectively.

Investors

TBA

The Team

The team behind AtomicHub comprises highly skilled professionals with extensive expertise. Their collective experience and a strong background in the field have enabled them to accomplish remarkable achievements thus far.