A summary of potential projects in the Arbitrum ecosystem worth paying attention to
This article will explore some small cryptocurrency projects deployed on Arbitrum.Original author: Trissy
Original compilation: Shenchao TechFlow
In this article, crypto analyst Trissy will continue to explore some small cryptocurrency projects based on Arbitrum deployment. With the upcoming airdrop liquidity, these projects may become the next hot trend.
FactorDAO ($FCTR)
MC: $8 million
FDV: $53 million
TVL: N/A
Factor is a newly launched protocol that offers unique strategies for tokenized baskets.
It allows users to create token baskets containing multiple assets, with the freedom to choose asset combinations and levels of diversification.
Do you have a favorite VC or whale you follow? Now, you can replicate their investments without having to track their every move. Derivatives and yield pools also benefit from their modifications to the ERC-4626 framework, allowing for the launch of unique yield farming or market-neutral strategies.
Perpy($ PRY)
FDV: $20 million, public sale ongoing.
Perpy is a decentralized social trading application built on GMX that allows users to provide liquidity to traders with good trading performance to earn returns.
By creating vaults, traders can add performance fees for replicating their strategies. Trading is not an easy task; all you need to do is provide liquidity and let them trade on your behalf, without making tough execution decisions.
Better yet, all performance fee revenues will flow back to token holders, which is another example of real yield.
ByteMasons ($OATH)
MC: $32 million
FDV: $122 million
TVL: $22 million
The Byte Mason team is highly regarded in the DeFi space, having built several core protocols that can interact and facilitate each other.
This ecosystem includes the following projects:
Reaper Farm (yield optimizer)
GranaryFinance (lending market)
EthosReserve (CDP stablecoin)
Reliquary (new yield primitives based on expiration dates)
Moon (social onboarding application)
Camelot ($GRAIL)
MC: $41 million
FDV: $420 million
TVL: $82 million
Camelot is a decentralized exchange based on Arbitrum, with the token $GRAIL. This exchange is known for its dual AMM model, which allows traders to achieve better slippage.
Camelot leads innovation with its spNFT receipts. Essentially, this provides you with a yield-bearing NFT that can be locked for higher APY. It comes in various specifications, allowing you to deposit, split, and merge them.
As Arbitrum heats up, the GRAIL issuance platform has conducted IDOs for several innovative projects, raising millions of dollars for their protocols. They are now the preferred issuance platform for Arbitrum IDOs.
Pendle ($PENDLE)
MC: $32 million
FDV: $78 million
TVL: $38 million
Pendle is a platform that optimizes yield through dual yield tokens, allowing you to hedge positions based on your market judgment.
This unique token economic model creates a revenue flywheel, meaning the more vePENDLE you stake, the more incentive channels you have. By locking tokens, more supply is removed from the market, and stakers can earn up to 250% annualized returns.
"LSD" will be a significant driver of the next bull market, making it one of the most important projects in my portfolio.
Vela ($VELA)
MC: $50 million
FDV: $600 million
TVL: $48 million
Vela is a real yield perpetual exchange that recently entered Arbitrum. As a user-centric platform, they have heavily customized their token economic model to promote real yield.
Any protocol must have good token economics, and Vela seems to have done well in this regard.
By creating a strong feedback loop between VELA, eVELA, vUSD, and VLP, Vela is building a user-friendly decentralized futures exchange.
Betswirl ($BETS)
MC: $4 million
FDV: $8 million
TVL: $1.2 million
Betswirl is an impressive Gamblfi protocol backed by data supporting its performance. Generating over $500,000 in revenue, it may be one of the best-performing protocols of its scale.
Compared to typical "house always wins" systems, their main selling point is providing users with fair odds. While still primarily focused on 50/50 bets, they have more plans on their roadmap to increase activity.
Currently, the yield returned to stakers is between 20-50%, which is a nice little incentive for locking up your tokens.
These projects have relatively small market caps and total asset values, but they all excel in different ways. Their development is part of the Arbitrum blockchain ecosystem, which will continue to grow and evolve. We look forward to seeing more projects join this ecosystem, and the season of Arb will be fully underway.
