Original｜Odaily Planet Daily ( @OdailyChina )
Author: CryptoLeo ( @LeoAndCrypto )
Life is not easy, and cryptocurrency traders cry. The current market is sluggish, so you can turn your attention to new projects. Odaily Planet Daily has compiled a list of recent projects worth paying attention to, which are divided into two categories: DeFi and projects that have recently announced financing. Warm reminder: Participating in new projects requires taking certain risks, and risk control and review must be done well. It is not recommended to invest a large amount of money in the early stage.
DeFi Class
1. Stout
Project Introduction : Stout is the native lending protocol on Sonic, with a current TVL of $4 million. Currently, you can borrow its protocol stablecoin DUSX by providing wS, stS, wETH, and veSTTX. The protocol consists of four tokens:
STTX: Provides support for the protocol, equivalent to Stouts base token, with token deflation and destruction mechanisms. Long-term holding is not recommended. The best way is to lock it into veSTTX.
DUSX: An overcollateralized stablecoin that can be exchanged 1:1 with USDC through the PSM protocol;
veSTTX: governance token and collateral asset, providing a 98% lending LTV ratio;
stDUSX: Staking tokens will earn you 75% of the protocol revenue, with a staking APY of 24.47%.
Lending projects must pay attention to the projects liquidation threshold. The maximum ratio of each collateral on Stout is different, and its liquidation characteristics are: when the collateralized debt position (CDP) reaches the liquidation threshold of a certain collateral, the user still repays the debt in exchange for part of the collateral.
Reasons to pay attention : A DeFi protocol affiliated with the Sonic ecosystem; high LTV (loan-to-value ratio, the ratio of loan amount divided by collateral value) for lending; stDUSX’s staking APY is 24.47%.
2. Dexari
Project Introduction: Dexari is a self-hosted, permissionless on-chain DEX built on Hyperliquid, and has launched an IOS Testflight version App (an invitation code is required to join Early Access). It has now launched functions such as contract markets, token chart tools, and advanced orders. The project does not require KYC, supports multiple chains and can unify cross-chain balances. Spot trading, fiat currency deposits and withdrawals, token monitoring and alert functions are coming soon. In addition, Dexari will also launch staking and mining functions in the future. Currently, early users can earn points in their Dexari Points Preseason to receive rewards after the Early Access ends.
Reasons to pay attention: Built on Hyperliquid, with deep liquidity; App version of DEX, or can replace mobile version of CEX; early trial version can receive rewards, co-founder Zac.hl is a former employee of Binance.US.
3. flyingtulip
Project introduction: flyingtulip is a one-stop DeFi platform launched by Andre Cronje, which includes multiple functions such as trading, liquidity pool, lending, etc. It can concentrate spot, leverage, and perpetual in one AMM protocol without storing them in different protocols, thus solving the problem of liquidity fragmentation. The official claims that compared with other DEX protocols, this product can bring: 42% reduction in impermanent loss, 9 times increase in LP return rate, and 85% increase in capital utilization efficiency. For details, please refer to The man who understands DeFi best brings his new project FlyingTulip
Reasons to pay attention: AC as the founder, 0.02% transaction fee, 9x LP return and 85% capital efficiency.
4. Multipli.fi
Project Introduction: Multipli.fi is a multi-chain yield generation protocol with a current TVL of $85.6 million. It is supported by Pantera Capital, Sequoia Capital, Elevation Capital and The Spartan Group. The protocol uses delta-neutral arbitrage strategies in spot and futures markets to provide high returns for native tokens and RWA assets. Currently, the project supports BNB Chain and Ethereum, and deposits support USDT and USDC. In the future, it will support tokens such as BTC, ETH and SOl. Users can deposit stablecoins into the project to earn high returns and ORB tokens (click the invitation link to register, invitation code: 7 T 46 G). The current APY for depositing USDC is 21.19%, and the USDT APY is 21.21%. Deposits and ORBs take some time to complete. Bouns ORBs can only be received 30 days after depositing on Multipli.fi. The first season (50% ORB weight) deposit to obtain ORBs activity is about to end. Existing deposits can participate in the second season (30% ORB weight) and the third season (20% ORB weight).
Reasons to pay attention: High TVL, APY and ORB token share, backed by top venture capital.
Project Introduction: A synthetic USD stablecoin protocol launched by DWF Labs partner Andrei Grachev. It is currently in beta and requires an application to be eligible to participate (follow its X account, and you will be drawn for beta qualification from time to time. Deposit in advance to enjoy high APY and potential airdrops). For details, please refer to 22.6% annualized, how Falcon Finance, supported by DWF partners, achieves high returns
Reasons to watch: TVL has now exceeded $90 million ($92.1 million), and Andrei Grachev has said there may be special airdrops in the future.
Recent Financing
1. Mesh ($82 million)
Project Introduction: Mesh is a company focusing on encrypted payment. For details, please refer to With a total financing of US$104 million, Mesh starts the battle for encrypted payment new infrastructure
Reasons to pay attention: In the context of RWAfi: high financing, participation of major investment institutions, and in-depth cooperation with PayPals PYUSD.
2. RedotPay ($40 million)
Project Introduction: RedotPay is also a project built by a Hong Kong team that focuses on encrypted payments. You can apply for virtual cards and physical cards, support ATMs, support payment by scanning codes, mobile phone numbers and RedotPay IDs, and the custodian is a licensed trust and company service provider in Hong Kong.
Reasons to pay attention: Backed by Sequoia China and Lightspeed Venture Partners, it does a good job in security and compliance, and provides fast and seamless payment. It has launched the RedotPay affiliate program, and franchisees can enjoy a 40% transaction commission (calculated every 30 days).
3. Rain ($24.5 million, for card issuers)
Project Introduction: Rain is a stablecoin-backed corporate card issuer that provides customized debit cards, credit cards, and prepaid cards to businesses, enabling businesses to issue B2B and consumer cards that are directly linked to self-hosted wallets, custody solutions, or traditional fiat accounts. Cardholders can make payments without exchanging their cryptocurrencies for government-issued currencies. Rain has built a stablecoin interoperability infrastructure across fiat currency tracks, providing support for local settlements on multiple blockchain networks such as Base, Polygon, Optimism, Avalanche, Arbitrum, ZKsync, and Solana. Transactions are settled in stablecoins and currently cover more than 100 countries around the world.
Reasons to pay attention: Led by Norwest Venture Partners, with participation from Lightspeed Venture Partners, Coinbase Ventures, etc., it is a major member sponsor and operator of Visa’s card project.
4. Yeet (raised $7.75 million last year, announced this year)
Project Introduction: Dragonfly led the investment, Primitive Ventures and Mirana Ventures participated in the investment of the crypto gambling platform, and also received support from investors such as LayerZero CEO and Fat Penguin CEO. A crypto casino, simple and crude, co-founded by Michael Anderson (alias Mando), a well-known person in the crypto field, anonymous trader Keyboard Monkey and professional poker player Ben Lamb. It is still in the internal testing stage, and users can apply for the waiting list. It is known that its internal testing version has launched several games, and the project has an affiliate program. Users can not only profit from direct referrals, but also profit from 2 referrals from users who follow your referral link, and can get up to 3 levels of referral rewards.
Reasons to pay attention: Dragonfly led the investment, the founders’ professional background and substantial 3-tier referral rewards.
5. Opinion Labs ($5 million)
Project Introduction: Opinion Labs is a prediction market platform, led by YZi Labs, and is one of the four best performing projects in its MVB plan. Currently, the Beta version is launched, supporting the Monad test network and the Base network. Users can now register an account to receive USDO test coins for trading operations, complete social tasks or invite friends to receive points. Recommend a registration invitation code: dfRAhCsx.
Reasons to pay attention: Led by YZi Labs, the Monad test network is easy to operate, and the points system may have airdrop expectations, which can be used as a zero-cost project for interaction.
The above are the new projects recommended this time. If you are interested, you can take some time to continue to pay attention or apply for early qualifications. Before the market picks up, the editor will continue to recommend new projects to you, hoping to get good extra benefits in the future.
