jakiro
Author: ROUTE 2 FI Source: The Black Swan Translation: Shan Oppa, Bitchain Vision
Here are some untapped opportunities agreements, including earning opportunities and airdrops, and these projects come from different networks and areas.
1. Karak
Karak is a strong competitor to Eigenlayer, with over $900 million in TVL.It raised $48 million in Series A from prominent investors like Pantera and Coinbase Ventures, with a valuation of $1 billion.You can earn Karak XP through several strategies, just like Eigenlayer points, including depositing LRTs so that you can also get access to Eigenlayer points while earning Karak XP.
Pendle has launched three farms, Karak, and more will be available in the future:
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The first pool: Save USDe, you can get 2x Karak XP and 20x Sats per day.
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The second pool: Save eETH and you can get 1.5 times Karak XP, 2 times Etherfi points and 1 times Eigenlayer points.
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The third pool: Deposit sUSDE, you can get ETH short-term funding rate, 5x Sats per day and 2x Karak XP.
The upper limit of this pool is $100 million, so choose the pool you like now.According to Pendleintern’s Moonmath estimate, if Karak releases at $2 billion FDV, allocates 5% of the supply and takes snapshots at the end of September, the average return of 1,000 YT-USDe is 98%.
2. Catalyst
Catalyst is a cross-chain AMM designed to connect all L1 and L2.They envision a future where all chains automatically connect and efficiently share liquidity when published, eliminating inter-chain barriers and creating a global liquidity layer.The mainnet is already online in Op, Base and Blast and will add more chains.They raised $4.2 million from prominent investors like Circle, Hashkey and Spartan Group.
Catalyst is not fully utilized; although the mainnet has been online for more than ten days, it has never been listed on DefiLlama, with TVL being less than $500,000.According to the popular trend of rewarding users (airdrops),
Catalyst has a live event that earns eggs through your interactions over eight weeks; the more you exchange, the more eggs you get.Recommendations and LPs are also considered, but early LPs will obtain additional eggs based on the size and duration of liquidity provided.
3. BSX
BSX is a Base-based limit order book with a non-custodial system with “off-chain execution” and “on-chain settlement”, merged to form a decentralized exchange, providing a CEX-like experience, such as instant execution, highThroughput and 10 millisecond order match.Backed by the Base Ecosystem Fund, it raised funds in an undisclosed round of financing, with participants including Bankless and others.Their consultant is Arthur Hayes.
They have a points system similar to Hyperliquid, but a little different: 8 million points will be distributed in eight weeks/cycle, with 1 million points per cycle.You can earn points by actively trading on the platform, but the system will block fake activities such as washing dishes.Due to different factors such as transactions and recommendations, the calculation of points does not have a definite formula to avoid system games.You can earn more points by holding positions longer, referring users, participating in activities or depositing.
4. Avantis
Avantis is a decentralized leveraged trading platform where users can long or short synthetic assets, cryptocurrencies, forex and commodities through a financial original tool called “permanent futures contracts”.If you are not familiar with permanent futures contracts, it is an important derivative that allows traders to speculate on their price movements without actually holding the goods.Unlike traditional futures contracts, permanent futures contracts do not have an expiration date and users can hold them all the time.It uses a capital rate mechanism to maintain the price of the underlying asset.The Base Ecosystem Fund also invested in Avantis and received $4 million in seed rounds from first-tier investors like Pantera and Galaxy.
Unlike other projects that launch a point system to continuously squeeze users, Avantis rewards users and builds organic relationships in different ways through an event called “Trade Earning” that will distribute over $250,000 in USDC over 16 weeks.Reward ($15,000 per week).According to trading volume, $15,000 is available for battle every week; the system prevents irregular behaviors such as washing the market.The top five and top twenty on the weekly trading rankings will receive Chad characters and Avantis hoodies on Discord, respectively.Given their tier one funding, the project has not been fully tapped, with less than 3,000 traders on the rankings and TVL has $7.5 million.
5. Kakarot Zkevm
Kakarot is an Ethereum Virtual Machine (EVM) implemented in Cairo; it utilizes STARK proof to verify blocks and transactions while ensuring transparency and security.Kakarot’s core vision is to bring EVM to Starknet, allowing developers to seamlessly deploy their Solidity contracts on Starknet, opening up new opportunities and expanding the Starknet ecosystem.They have received unpublished investments from Starkwave, OKX Ventures and Vitalik Buterin, who publicly backed them on Twitter.
They are currently in the public whitelist testnet phase and your address needs to be on the whitelist to enter.The upper limit of code entering the whitelist phase is 200, and 10 invitations are distributed every day on Discord and Telegram until the limit is reached.
6. Phoenix
Phoenix is Dex, the decentralized limit order book on Solana, ranking fifth in the Solana Dex category for years, with over $18 million in TVL.
They raised $23 million from S-class investors such as Paradigm.Despite their large amount of money, their discussions were low and there were no ongoing activities to keep the community engaged due to inactivity in social media (such as the last tweet on Twitter dated May 3)..Airdrop hunters don’t like being in uncertainty, so they turn to other projects that suggest airdrops.However, OG farmers use this “uncertainty” to gain an advantage by interacting when no one is following (these interactions are seen by the project as organic behavior and given generous rewards).The only way is to continue trading on the platform.Whether Phoenix will launch a token remains a guess.
7. Superform
Superform is a universal income market that allows users to deposit in-chain or cross-chain without switching RPC or bridging by using Amb (cross-chain messaging) solutions and two value transfer providers: Hyperlane (tokenless)), Layerzero, wormhole, socket (no tokens) and Lifi (no tokens).Interaction with Superform also gives you exposure to other tokenless protocols, as most of their cross-chain transfer solutions are tokenless.They raised $6.5 million from S-class investors like Circle and Polychain and angel investors like Layerzero founder Bryan.
Earnings Market is finally open to access under the event called “Superform Safari” which includes competitions where you can compete with others to improve your rankings and earn earnings, XP and superfrens NFTs.Anyone who deposits on Superform earns XP by the ratio of the dollar positions they hold; the more XP you earn, the higher the rankings will be.Superfrens NFTs are the more rare as XP multiplier, the better; it has three levels of defining rarity, called frenslist.
8. Mantle
Mantle is one of the 100+ L2s in DeFi today, but the difference is that there are famous supporters like bybit (the third largest exchange) with over $3.93 billion in vaults, which ranks second only to Ethereum..One of the ways they use this huge vault is to enhance their ecosystem.For example, in order to increase the utility of $mETH (its own LST) holdings, in addition to the double gains, they pledge part of the vault on the Eigenlayer, thus qualifying $mETH holders for Eigenlayer airdrops, similar to their use of Ena SatsWhat was done.$Mnt stakers also earn free tokens through an event called “Reward Station” that recently provided $Mnt stakers with airdrops of $INTX tokens.
They are now coming soon to their LRT, called $cMETH, where Mantle deposits directly on a liquid re-staking platform such as Eigenlayer and offers receipt token $cMETH, which can be reused in Dapps while accumulating earnings.$cMETH is expected to launch in the third quarter and provides a points system for early adopters, $mETH holders and $Mnt stakers, looking forward to a new governance token called $Cook.More details will be discussed in the future.
