New Protocol Alpha (29 Mar)
Starting today, we will be running a limited new series presenting Web 3.0 projects that have either recently launched, or are about to.
During the 2021 DeFi bull market, many highly promising but obscure protocols were launched daily. Early and attentive users were heavily rewarded, either through retroactive airdrops or large price appreciations.
We understand some of these projects are hard to find, especially if they are not funded by VCs or have large marketing budgets. While we do our best to filter out bad apples, ultimately we cannot determine the competency of a team, or a project's true intent (whether malicious or not).
Therefore, any projects presented here do not represent any form of endorsement by us.
DO NOT USE THE PROTOCOL UNLESS YOU HAVE DONE YOUR OWN RESEARCH.
We will also not be accepting payments or any monetary benefits from any individual or entity to feature their products on our platform.
With that, let’s get started!
Upcoming or newly launched protocols on Arbitrum:
OnyxDAO
Offers diverse farms and pools that generate yield for users. You can get $ONYX by buying on ApeSwap, though staking LPs on OnyxDAO, or by buying Treasury Bills (discounted and vested $ONYX LP) on ApeSwap.
Jungle Finance
An open finance derivative protocol allowing users to create and trade synth assets across all asset classes. Also issues $JUSD off user’s staked crypto assets.
GND Protocol
Plans to issue $gmUSD, a yield-bearing, fully-backed stablecoin built on top of Uniswap V3’s liquidity engine and farm. Earn real yield revenue for $GND stakeholders by arbitraging between $gmdUSDC and $gDAI.
Epic Finance
$OHM fork with supposedly improved token parameters, has future plans for on-chain casino promising 90% revenue distribution to NFT holders.
Bread Finance
Inverse (3,3) protocol inspired by $EGGS where holders deposit their $BREAD into protect vaults to avoid debasement and retain the value of their assets.
Disclaimer
The protocols listed above are not sponsored and have only been shortlisted through a preliminary screening process
We do not endorse or recommend any of these protocols
Users are strongly encouraged to conduct their own research and due diligence before engaging with any of the protocols