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We scored multiple projects this week. Here are a few you should know about:
Veda
Gorbagana Chain
Stablechain
Distribute AI
Please remember that some of these projects still need our code review process. Still, we want to highlight them here because they initially caught our attention through our fundamental analysis process.
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Now, let’s get back to the hidden gems.
1. Veda - 70%
Sector - DeFi
Status - Active
Veda is a decentralized finance (DeFi) vault infrastructure platform that empowers institutions to launch and manage on-chain financial products efficiently and at scale. It operates as a non-custodial, trust-minimized, and composable solution, enabling businesses, asset issuers, protocols, blockchains, wallets, and applications to develop enterprise-grade DeFi products without the complexity of building intricate smart contracts and off-chain infrastructure.
Central to Veda's ecosystem is the BoringVault, the most widely adopted vault standard in DeFi, securing over $3.5B in total value locked (TVL). Veda's technology is protocol, asset, and chain-agnostic, seamlessly operating across multiple blockchains, including Ethereum Virtual Machine (EVM), Solana Virtual Machine (SVM), and MoveVM, while integrating with a wide range of DeFi protocols to ensure broad compatibility and flexibility.
Veda's vision is to accelerate DeFi adoption by providing a scalable infrastructure that simplifies the complexities of pricing, accounting, securing, optimizing, and automating capital. It addresses the challenge of developing DeFi products from scratch, often requiring significant resources and expertise.
Veda's solution includes a modular architecture with components like the Teller, Manager, Accountant, and Oracle, enabling dynamic capital allocation, automated portfolio optimization, and rapid product iteration. By powering major DeFi vault products like Ether.fi Liquid and Lombard DeFi Vault, Veda demonstrates its ability to meet the needs of both retail and institutional users with configurable risk parameters and enterprise-grade support.
1.1. Features
Multi-Chain Operation: Supports EVM, SVM, and MoveVM, integrating seamlessly with various DeFi protocols for maximum compatibility.
Complex Strategy Support: Enables vault curators to implement multiple yield strategies within a single vault using off-chain logic and modular architecture.
Non-Custodial and Secure: User funds are held in audited smart contracts with minimal exposure, verified by Merkle proofs and multiple security audits.
Composability: Integrates with DeFi primitives like lending markets and DEXs, with Veda vault shares being the first to be onboarded as collateral on Aave's main market.
Real-Time Accounting: Provides standardized mechanisms for real-time tracking of user balances and vault share valuations for transparency.
Rapid Iteration: Allows new vaults or strategy updates to be launched in as little as 48 hours, enabling swift market adaptation.
Configurable Compliance: Offers customizable address whitelists, deposit permissions, and curator roles to meet jurisdictional or internal compliance requirements.
1.2. Investors
2. Gorbagana Chain
Sector - L1
Status - Testnet
Gorbagana Chain is a high-performance blockchain network forked from Solana's codebase, uniquely blending the vibrancy of meme culture with robust infrastructure capabilities. It leverages Solana's advanced technologies, including Proof of History (PoH) for efficient transaction ordering, Tower BFT for secure consensus, Turbine for rapid block propagation, Gulf Stream for mempool-less transaction forwarding, Sealevel for parallel smart contract execution, and Pipelining for optimized transaction processing. Currently operating on Testnet v1, a stable environment processing real transactions, Gorbagana Chain is preparing for Testnet v2 (Devnet) and a full Mainnet launch to support token creation, DeFi protocols, and custom program deployment.
The vision of Gorbagana Chain is to prove that community-driven blockchain development can innovate faster and more freely than traditional institutional approaches while maintaining technical rigor for serious financial infrastructure. It addresses the problem of centralized control and insider Miner Extractable Value (MEV) in many blockchains by transparently embracing centralization and empowering the community to engage in games, experiments, and fair on-chain mechanics. With its $GOR token as the native currency and minimal transaction fees, Gorbagana Chain offers a scalable and accessible platform for developers and users, poised to redefine community-driven blockchain ecosystems.
2.1. Features
Proof of History (PoH) Consensus: Utilizes a cryptographic clock to order transactions efficiently, enhancing network performance.
Tower BFT: Implements Practical Byzantine Fault Tolerance optimized for PoH, ensuring secure and reliable consensus.
Turbine: A block propagation protocol that minimizes latency and improves transaction throughput.
Gulf Stream: A mempool-less transaction forwarding system that accelerates processing and enhances user experience.
Sealevel: Enables high throughput through parallel smart contract execution, which is ideal for high-frequency applications.
Exceptional Transaction Speeds: Achieves sub-second finality with high throughput and minimal fees, paid in $GOR.
2.2. Token
$GOR is the native token of the ecosystem with a total supply of 1 billion, and it serves as both the memecoin and gas token for the Grobagana Chain. The entire supply was distributed at launch without pre-mining, presale, VC, or insider allocation.
2.2.1. Utility
Gas Token: GOR (and its bridged version, gGOR) is used to pay transaction fees and interact with the Gorbagana chain, similar to how SOL is used on Solana.
On-Chain Bridge: Users can swap GOR for gGOR at a 1:1 ratio with zero fees, enabling seamless movement between Solana and the Gorbagana chain.
Ecosystem Participation: GOR is required to deploy and interact with smart contracts, DeFi protocols, and other apps on the Gorbagana network.
Community Governance (Planned): Future updates may introduce governance features, allowing GOR holders to participate in decision-making as the ecosystem matures.
Meme & Culture: The token's branding and community-driven approach foster a playful, inclusive culture while supporting serious technical development.
3. Stablechain
Sector - L1
Status - Active
Stablechain is a purpose-built blockchain designed to facilitate the seamless movement of stablecoins, with a particular focus on USDT. It offers a scalable, secure, and user-friendly platform for retail users in emerging markets and financial institutions handling large transaction volumes. It employs a proof-of-stake consensus mechanism, StableBFT, based on CometBFT, to deliver high throughput, low latency, and deterministic finality.
Stablechain uses USDT as the native gas token, with gas-free peer-to-peer USDT0 transfers, and is fully compatible with Ethereum's virtual machine (EVM), enabling developers to leverage familiar tools. Backed by Bitfinex, Stablechain is positioned as the first "Stablechain," where stablecoins serve as the native gas and settlement mechanism, enhancing efficiency for stablecoin-based transactions.
Stablechain's vision is to broaden the practical utility of USDT beyond traditional trading and DeFi by providing a high-performance platform with ultra-low fees and instant settlements suitable for micropayments and large-scale settlements. It addresses the challenge of inefficient and costly stablecoin transactions by offering features like guaranteed blockspace for enterprises, confidential transfers for regulatory compliance, and seamless cross-chain interoperability using USDT0 and LayerZero technology. With a comprehensive wallet and specialized SDKs, Stablechain simplifies stablecoin-based dApp development and everyday usage, making it a compelling solution for global financial applications.
3.1. Features
High Throughput: Processes thousands of transactions per second, maintaining performance under heavy load.
Ultra-Low Fees and Instant Settlement: Transactions are confirmed within seconds at minimal costs, ideal for micropayments and large settlements.
USDT as Native Gas: Fees are paid in USDT, with gas-free peer-to-peer USDT0 transfers for simplified transactions.
Enhanced Security: Utilizes a proven proof-of-stake consensus and Ethereum tooling compatibility for a secure environment.
Guaranteed Blockspace: Provides enterprises with dedicated blockspace for consistent transaction performance.
Confidential Transfers: Supports regulatory-compliant, privacy-preserving transactions for sensitive operations.
EVM Compatibility: Fully compatible with Ethereum's virtual machine, enabling easy application porting and development.
4. Distribute AI
Sector - AI
Status - Active
Distribute AI, formerly OasisAI, is a distributed computing platform rebranded as "the world's distributed AI supercomputer," designed to empower users to build and deploy AI applications without constraints. It leverages a distributed infrastructure for fast and scalable AI inference, offering access to a diverse library of open-source AI models, including image generators, speech-to-text converters, chatbots, text-to-speech systems, and translators. With a network of over 100,000 providers, Distribute AI provides on-demand compute resources at competitive prices, supported by a developer-first enterprise API, a flexible SDK, and integrations with tools like Linear, Slack, Discord, Notion, and Obsidian, ensuring seamless workflow incorporation.
The platform's vision is to democratize AI development by addressing the scarcity, high cost, and underutilization of AI compute resources, enabling startups, enterprises, and compute providers to scale effortlessly and maximize uptime. Distribute AI solves these challenges by offering low-cost inference, transparent pricing with live monitoring, and the ability to monetize idle compute resources within its vast provider network. By providing customizable and developer-friendly tools, it caters to a wide range of AI applications, from data analysis to virtual world creation, positioning itself as a key player in the intersection of AI and blockchain technology.
4.1. Features
Low-Cost Inference: Leverages distributed infrastructure for fast, scalable, and cost-effective AI inference.
Extensive AI Model Library: Provides access to open-source models for image generation, speech-to-text, chatbots, and more.
Monetization of Idle Compute: Allows users to earn rewards by contributing unused compute resources to a network of over 100,000 providers.
Developer-First Enterprise API: Simplifies deployment and scaling of AI applications with high speed and affordability.
Transparent Pricing Model: Features live monitoring and per-use charging for clear budget control.
Flexible SDK: Supports data analysis and virtual world creation for diverse AI applications.
Seamless Tool Integrations: Connects with productivity tools like Linear, Slack, Discord, Notion, and Obsidian for streamlined workflows.
4.2. Token
$DIS is the native utility token of the Distribute AI ecosystem, which powers both utility and rewards for contributors and users. It has a total supply of 1 billion tokens, and the distribution is designed to incentivize real participation and ensure a fair, decentralized network.
4.2.1. Utility
Payment for AI Services: Users use DIS to pay for AI inference, model access, and compute resources.
Reward Mechanism: Contributors who provide computing power to the network earn DIS tokens as compensation for their verifiable work.
Network Growth: DIS incentivizes both supply (compute providers) and demand (AI consumers), compounding network effects and supporting ecosystem expansion.
Governance and Participation: The token structure encourages active engagement, as only those who contribute resources or use services are rewarded, ensuring a user-owned and resilient network.
