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Non-fungible tokens (NFTs), we must agree, is more interactive than DeFi—or any other swapping activity. The more people talk about NFTs and how it spreads like wildfire, the more favorable it is, accelerating adoption.

Unlike previous market cycles, the 2020 to 2021 bull run was turbocharged by DeFi—first and later NFTs picking steam.

At the time of going to press in late July, the top two NFT projects in Ethereum alone had a combined weekly sale of roughly $30 million from just slightly above 8.4k sales—in a bear market.

This level of interest offers a glimpse of what lies ahead and the general expectation of the community as we advance.

The good news is that NFTs transcends digital art and more. With this technology, firms and businesses can tokenize physical assets and port them to a transparent blockchain.

Adding scarcity to the mix creates a valuable ecosystem, driving high levels of utility, highlighting the potential of blockchain beyond what people know as speculative crypto trading.

It is precisely why supporters of this new sub-sector are adamant that it would change the world; outliving what people say is a fad.

Already, the high-volume sales and continuous innovation around NFTs are bright indicators of the true value in crypto.

It is also an opportunity through which Charged Particles want to draw maximum benefit from their token holders.

Introducing Charged Particles

Charged Particles is a project focused on NFTs infusing a tinge of DeFi. The creators of this project describe it as blockchain and token agnostic riding on the Ethereum platform.

Its creators are keen to establish a new digital class of “charged” assets, the true cornerstone of a “DeFi Lego block economy.” In essence, Charged Particles are interest-bearing non-fungible tokens.

A “particle” is any NFT token that’s minted to include an interesting bearing token to accrue interest over time—essentially becoming a “charge.” The charge, that is, token, depends on the interest accrued. The higher the charge, the higher the interest—and holding period.

Using this protocol, users can deposit any ERC token into an NFT—regardless of the applicable standard.

For example, depending on their preference, a user could decide to store a combination of several ERC-20 tokens, ERC-721, or ERC-1155 tokens into another NFT token—say adhering to the ERC-721 or ERC-1155 standard.

Out of this, it will be possible for users to quickly create a basket of currencies as aforementioned—a game-changer in NFTs and the ecosystem.

Supported tokens can include yield-bearing tokens like Aave’s aTokens.

Others can have liquidity provider tokens from Uniswap or SushiSwap, social tokens, or ordinary tokens held by a user for speculation purposes.

A new Age of NFT-DeFi: Possibilities

This transformation is sorely missing in other protocols, effectively giving Charged Particles an edge over competitors.

And, Charged Particles NFTs aren’t any different from any other NFTs. If anything, they are compliant with existing ERC-721 or ERC-1155 standards.

The only difference is the added configuration which allows end-users to add extra tokens more as storage.

Accordingly, these NFTs can be traded in marketplaces like Rarible or OpenSea.

On top of the ability of users to create valuable baskets, the team plans to add another layer of customization.

These include time locks and programmable yields, opening up more possibilities, directly benefiting token holders.

With time locks, for instance, assets deposited within NFTs wouldn’t be withdrawn until a specific period elapse.

Also, another exciting customization enabled by Charged Particles includes the ability to “charge” an NFT by depositing an interesting bearing Aave aToken. This token is automatically swapped, and the user can determine exactly what they would want to do with this interest.

The discharging of the NFTs—where interest is removed—can be done by transferring it to another NFT or friend.

Charged Particles is gradually decentralizing control.

At present, the depositing fee is zero.

However, the team plans to generate revenue from particle placements—for creators who wish to display their charged particles available for sale strategically–and 3rd party integration—which makes it possible for external entities to integrate and charge NFTs in their platforms.

The Team and Investors

Spearheading efforts and making Charged Particles a force to be reckoned with are:

Charged Particles Team
  • Rob Secord is a software engineer with over 25 years in engineering and Fintech.
  • Ben Lakoff is the co-founder. Notably, he has helped small startups raise over $50 million thanks to his experience in finance.

Behind the scene are several other facilitators working on the front and back ends as full-stack engineers.

Charged Particles Team

Others are also hard at work in marketing, outreach, and community development.

Leighton Cusak and DeFi Dad advise the team.

Charged Particles Advisors

It is the quality of investors that genuinely highlights the potential of the project.

A combination of angel investors and other crypto funds joined hands to ensure the project actualizes their objective of being possibly the first NFT DeFi protocol, immaculately executing to introduce another asset class in between burgeoning, multi-billion DeFi and disruptive, adoption driving NFT.

Charged Particles Investors

Some of them are MoonWhale Ventures, LongHash Ventures, Coingecko, Parafi Capital, and more.

Angel investors who committed their funds include Kain Warwick of Synthetix, Stani Kulechov of Aave, Matt Ferrick of Nifty Gateway, Michael Miglio of Bridge Mutual, and more.

Charged Particles Angel Investors

Charged Particles Tokenomics and IONX Market Performance

Powering the Charged Particles ecosystem is the IONX ERC-20 token.

In a decentralized ecosystem complying with blockchain principles of power diffusion, it acts as a utility and serves as a governance token.

Holders of the IONX token can:

  • Vote on proposals such as those which want to adjust contract configuration or adjust ecosystem fees—deposit or third-party integration.
  • Pay ecosystem fees

In all, there will be 100 million IONX tokens. Distribution is as follows:

Charged Particles IONX Distribution
  • 49 percent to the community—of which 30 percent will go towards yield farming
  • 23 percent to the Team and Advisors
  • 20 percent to the Investors
  • Seven percent to the Foundation
  • One percent to the Public Sale

After distribution, there will be a two percent annual inflation rate.

The release schedule is as follows:

Charged Particles IONX Liquidity Schedule

At the time of writing, there are 4.4 million IONX tokens in circulation for a market cap of around $4 million, according to Coingecko.

Charged Particles IONX Price Action

Each token, as of writing, is trading at $0.91, down from its all-time highs of $1.46 registered on May 31, 2021.

From Etherscan, 905 IONX holders have initiated over 9.1k transfers.

Charged Particles raised $200k from selling 21 million IONX tokens in a series of private and public sales.

Investors who bought IONX at $0.20 during the Polkadot IDO are up roughly 4.5X at spot rates.

Charged Particles IONX ROI

At an all-time high, investors were up 34X. During the IDO, the team raised $200k from 960 participants.

Charged Particles continues to build its ecosystem. Thus far, IONX can be traded at Uniswap V2 and the Ox Protocol.

Charged Particles IONX Markets

Short-term Catalysts

  • Charged Particles is still a low market cap token at just $4 million at spot rates—this is nothing compared to DeFi alone or the expanding NFT ecosystem.
  • IONX token is available for trading at Uniswap and Ox protocols—DEXes. There is no CEX that has listed the token—yet. Eventual listing opens up more liquidity channels, precisely what’s needed to drive IONX to new highs.
  • Even in a depressed market, investors are posting decent ROI. At 4X—for IDO participants, IONX reveals the quality and potent.
  • It is easier to track IONX even as it develops following listing at Coingecko. More analytic platforms will follow as the project’s popularity increases.
  • Charged Particles team continues to build. Part of their immediate goal is to whitelist NFTs created on external platforms for charging, add more features to the dApp such as front-running prevention, and later launch a DAO. All these directly boost IONX’s valuation.
  • To reduce fees, the team will use the Polygon side-chain. A user can now mint over 2,000 NFTs at less than $1. The latter is highly adopted, offering support to over 350 companies. The objective is to enhance the user experience, bringing more people on board.
  • https://twitter.com/DefiNft/status/1418128105646878726

Long-term Catalysts

  • The project prioritizes security. Its code has been audited by The Arcadia Group–One of the sphere’s reputable blockchain security firms.
  • Established co-founders of some of the leading DeFi and NFT projects lend support to the project. Co-founders of Synthetix, Bridge Mutual, Nifty Gateway, and more are part of the investment team. Besides, Coingecko is an investor.
  • The team comprises established engineers and professionals with experience in development, marketing, finance, and more. For instance, Rob Secord has more than 25 years in Fintech and Engineering.
  • The wider community is already lauding the team for their ingenious means of professionally solving complex problems transparently using the best components.
  • Charged Particles presently support Aave and Compound aTokens and cTokens, respectively—as a start. Soon, all interest-bearing tokens across Ethereum, Polkadot, the Binance Smart Chain (BSC), and other active blockchain ecosystems will be supported, boosting IONX prices.
  • Charged Particles is pioneering a new asset class in crypto, ingeniously merging NFTs and DeFi, expanding possibilities. If anything, it will be possible to create NFT index funds leveraging the project’s technology.
  • The project continues to strike partnerships with other projects. It already has one with Totem.Fi—a staking-based predictions market—and NFT Trader.
  • The idea of nested NFTs, Yield Multiplier NFTs, and Interest Bearing NFTs fronted by Charged Particles will be the power horse crucial in monetizing currently illiquid NFTs.

The future of finance is distributed, interoperable, and non-custodial.

It is what most upcoming protocols seek to achieve: Remedying problems that Ethereum and other first-generation blockchains tagged.

In this foundational shift for speedy settlement and low transaction costs, creators are also considerate of the need of end-users. They understand that they are the heartbeat who will determine their survival.

With the rise of DeFi, more projects are now building laser-focused systems, seeking to provide tailored solutions for decentralized finance applications. Their immediate goals, reading from Ethereum troubles, are to address scalability by birthing an application that can process thousands of transactions every second without sacrificing decentralization.

As per their vision, DeFi is here to stay.

After all, analysts and government officials now say DeFi will be the lynchpin of finance. It will be a founding stone anchoring the age of client-driven financial revolution set to strip away power from centralized monopolies and lawmakers.

And numbers don’t lie.

In Ethereum and the Binance Smart Chain ecosystems, DeFi dApps cumulatively control over $70 billion worth of assets in less than two years since DeFi began gaining traction.

One of these projects, founded on a solid base, is Glitch.Finance.

Introducing the Glitch Protocol

Still in development and set for launch in the second half of 2021, the Glitch Protocol is a fast, interoperable—and therefore blockchain-agnostic—trustless and low-fee delegated Proof-of-Stake powered public ledger singularly formed to power DeFi.

The project claims to be “obsessive” with DeFi, launching a suitable platform operating like the operating system of the new permissionless web of financial dApps.

In their quest to liberate troubled users who are curious to explore but limited by headwinds like transaction costs and interoperability, Glitch Protocol plans to offer much more.

Glitch Finance versus Competitors

Project developers are building a new ecosystem aimed at driving mass adoption and exclusively to power DeFi dApps.

Permissionless will be Glitch’s trademark.

This will be on top of comparatively low transaction costs in a scalable environment whose processing speeds will increase with every new launch of a dApp.

Glitch Protocol will incorporate interesting aspects that distinguish DeFi from other sub-sectors—rewarding network users.

Distinguishing Features of the Glitch Protocol

Some of them include:

  1. Superior processing speeds: By default, Glitch Protocol will handle at least 3000 TPS—a figure set to increase with network growth. Behind this, the blockchain would also boast of a sub-second transaction finality time—among the fastest in the sector.
  2. Low Transaction Costs: Partly because of the high processing speeds and scalability, Glitch Protocol will blend in incentivizing aspects of DeFi by rewarding network users. A combination of low network fees and network rewards automatically makes transactions on-chain attractively low.
  3. Interoperability with other established and DeFi-dense blockchains like Polkadot, the Binance Smart Chain, Ethereum, and more. Behind this connection will be a web of unique bridging infrastructure.
  4. Democracy: By abiding by some of the core tenets of blockchains, Glitch Protocol ensures that the network operates autonomously without a single third party commanding the network. To ensure continuity and on-chain security, the blockchain implements a delegated Proof-of-Stake consensus algorithm.

Partnership with Orion and the GEX

To get going, Glitch Protocol will be using the Orion Liquidity Boost Plugin to boost its flagship project, the Glitch Decentralized Exchange (GEX), with cross-chain liquidity.

The Orion plugin—used via a seamless API adapter– aggregates liquidity from other partner exchanges and swap pools, acting as a decentralized liquidity gateway for the whole DeFi market.

For clarity, GEX operates as a DEX. The team claims that it has an “unbeatable” fee structure and a very easy-to-use user interface which is perfect for new users.

Their collaboration with Orion and drawing their liquidity also means the DEX—unlike competitors—can sufficiently handle block trades without experiencing slippage. In addition, the GEX will be incentivizing use as it will be channeling all fees to a profit-sharing vault.

The decision to follow other DeFi protocols like Polkastarter and PlasmaPay is strategic. Most importantly, this integration drastically lowers the barrier to entry.

Accordingly, users can immediately begin using the DEX with the confidence of high liquidity and low transaction fees.

The Glitch protocol Team and Notable Partners

Under the hood, Glitch is powered by smart contracts conceived and implemented by a team of experienced experts with years of working in different capacities across business, engineering, technology, and marketing.

Glitch Finance Team
  • Sean Ryan is the CEO and Project Lead.
  • Tawana Muchatuta is the COO and CTO
  • Rohan Barde is the head of Research and Development
  • Jason McGregor is the CFO

More than ten other team members are helping out in product design, marketing, and community development.

Glitch Finance Partners

On the partnership front, Glitch has, as aforementioned, joined hands with Orion. Then there is Router, CellFrame, Ramp DeFi, Polygon, TrustSwap, Chainlink, and more.

Glitch Protocol Tokenomics (GLCH) and Market Performance

The blockchain’s native utility currency is GLCH.

There are only 88,888,888 GLCH as total supply.

GLCH distribution is as follows:

Glitch Finance Tokenomics
  • 40 percent to the seed and private sales
  • 15 percent to the public sale
  • Fifteen percent to the firm’s “War Chest.”
  • 10 percent to the team
  • 10 percent to advisors
  • 5 percent to marketing
  • 5 percent for contingency

In all, the team raised $3.05 million. Crowdfunding cash flows were as follows:

  • The Public sale raised $1.2 million. Each token sold at $0.09
  • The Private Sale (Part 1 &2) raised $1.825 million. Tokens sold at $0.0675 and $0.0788.

Funds from the seed sale will be released gradually over four months.

As of writing, Coingecko reveals that GLCH has a circulating supply of 70,140,711, translating to a market cap of $15.2 million when GLCH changes hands at around $0.20.

Before mainnet launch, GLCH tokens are available in Ethereum and Polygon networks. These tokens are available in various markets as below:

GLCH Markets

GLCH performance has been impressive, especially for investors who purchased the token during the seed and private sales.

Glitch Finance ROI

Seed investors are up 6.3X in USD terms at spot rates, while Private investors have a ballpark return of 3X.

Investors who participated in the ICO are now up 2.3X. When GLCH prices peaked in H1 2021, ICO investors had a 16X ROI.

Short Term Catalysts

  • Glith is currently in testnet and the new technology is working well and giving promising results.
  • Investors and participants are anticipating the upcoming Main-net Launch
  • With a market cap of $15.2 million, Glitch is undervalued, considering DeFi in Ethereum alone is worth over $56 billion.
  • Over 90 percent of GLCH coins are already in circulation. For a low total supply project like Glitch, there is an immense opportunity for value investors to reload at spot rates.
  • Uniswap and KuCoin are some of the early exchanges supporting GLCH. Their focus is to disrupt DeFi and build a platform purposely built to offer this service. Once it finds support from other exchanges, its liquidity and ease of investment will drastically increase.
  • The Glitch team is experienced and can be trusted to steer the project to success.

Long-Term Catalysts

  • Glitch Protocol’s GEX will be up and running immediately after the mainnet launch. Their partnership with Orion Liquidity Boost Plugin will be the difference.
  • Already, Glitch has struck partnerships with some of the leading DeFi projects. Their deal with Chainlink, Polygon, TrustSwap, Orion, and more, indicates their mission to play a pivotal role in the ecosystem.
  • Glitch has a revenue-sharing scheme where fees accumulated from their flagship product, GEX, will be redistributed to network users.
  • To fast-track the development and building of new products on the platform, the Glitch Grant Program will set aside $2 million to incentivize developers.
  • The Glitch team is actively building. Their energy-efficient and high throughput dPoS blockchain is now in testnet. At the same time, their Glitch Wallet is in beta while the Glitch Explorer is live.
  • Glitch will also be interoperable, eventually connecting to the Binance Smart Chain (BSC), Ethereum, Polygon, and other networks once active. The team banks on these connections as means of building up more transaction volumes on its ecosystem.

In an interview last year, Edward Snowden said crypto “isn’t there” yet. More work has to be done for the founders’ vision to be realized.

Thinking about it, he is perhaps right. There is progress, but this has to be hastened. How? And why?

Cryptocurrencies need to serve their original purposes—act as alternative payment conduits, that is, money.

Why? Well, because the world is increasingly more transparent and agencies are having a time of their lives collecting troves of terabytes upon terabytes of consumer data.

Cryptocurrencies, therefore, need to cut off their dependency on traditional payment rails and plunge into the deep end for tempering, regardless of the years it might take to happen.

If cryptocurrencies are adopted, user identities would be shielded by default. If more businesses accept them, payment would be instantaneous and cheap. If people realize the potent of cryptocurrencies, they won’t have to worry about losing value.

Introducing the 8Pay Network

And this is, among many objectives, why 8Pay Network exists.

It is a DeFi platform, gearing to roll out changes in payment, helping in the acceleration of crypto adoption.

From its homepage, the creators of 8Pay want to make the platform the home for automatic trustless recurring payments. Here, the solution offers users a means of making regular payments in a decentralized environment, automatically and without divulging their details.

Although 8Pay can operate in various chains, including Ethereum, their primary focus, for now, is to serve the growing Binance Smart Chain (BSC) users. It is easy to see why. While nothing can be taken away from Ethereum, there are concerns about fluctuating Gas, making it impossible for micropayments.

On the other hand, BSC is scalable, and transaction fees near negligible.

Accordingly, businesses and users can send and receive payments cheaply without worrying about the repercussions of using complex smart contracts.

8Pay is already live in the BSC test network.

Users can trade the platform’s token on PancakeSwap—the largest DEX facilitating the exchange of BEP-20 tokens—and Uniswap—the largest DEX in Ethereum and the most valuable.

Why 8Pay?

What’s make 8Pay unique is that it is designed and specifically purposed to serve one function only—enable users to make automatic recurrent payments.

Cryptocurrencies are revolutionary from many angles. Not only do these solutions promote financial inclusion, but they also open up infinite opportunities.

8Pay supercharges the use of cryptocurrency in payment, allowing users to use it as it was initially meant to be—a medium of exchange—not a store-of-value as most holders think cryptocurrencies are.

For this, 8Pay has a web app which is a portal for accessing all the services and tools a user might require. Out of this app, a user can keep track of balances, make payments, and adjust settings.

However, the team is aware that most users prefer to make payments straight from their mobile phones. It is, after all, convenient.

8Pay plans to launch a mobile app, taking payments closer to your fingertips. What’s exciting is that the web app’s functionalities will be ported to the 8Pay mobile app.

Using 8Pay, a user can make single payments—sending to friends, apps, and more; subscriptions—especially for users who have subscribed to various premium services; or on-demand payments where trusted accounts can be permitted to safely and automatically charge a user’s wallet.

Outstanding Features of 8Pay Network

Making this possible is 8Pay’s attention to detail and ambition to achieve its goals. The project, as expected, incorporates smart contracts, effectively turning an ordinary crypto wallet into a trustless but highly reliable bank account.

8Pay is exceptional in the sense that:

  • Users can make online payments using BNB, supported BEP-20 tokens, and stablecoins—quickly and cheaply.
  • It operates from a decentralized rail offered by the BSC. Users need not submit their personal information like phone numbers or email addresses to access services. All operations are secured by the BSC, executed transparently, and comparatively cheap and convenient than legacy systems.
  • The solution is entirely peer-to-peer without intermediaries. The benefit here being privacy preservation in an enclosed cryptosystem without the involvement of fiat.
  • There is better security. The BSC hosts many applications and is secured by nodes. That dApps reliably operate from BSC without hitches is enough testament. Users can use a secure base, change settings, and spend without bogging rules imposed by other traditional payment solutions.
  • It is easy to integrate the payment solution with other services. The creators of this project have made using simple, allowing users to create and manage payments straight from the dApp. There, they can embed buttons, share links, or even connect through APIs or the project’s JavaScript library whenever they need advanced merchant features.
  • The protocol also supports staking, which also helps secure the platform—and yield farming. For every transaction, 8Pay will charge one percent as fees. A percentage will be redistributed to 8Pay token holders who stake their tokens.

8Pay Team

Experienced professionals lead the project.

They are:

  • Benedetto Salanitro—the co-founder and CEO
  • Allesandro Bellardita—the co-founder and CMO
  • Mattia Russo—the co-founder and CTO

8Pay Tokenomics and Market Performance

The 8PAY BEP-20 utility token is central in the creator’s quest to take crypto payment mainstream.

In total, there are 88,888,888 tokens.

Distribution is as follows:

  • 17 percent to the team
  • 15 percent to the private sale—tokens sold for $0.05 and $0.06 in two phases raising $1.467 million
  • 10 percent to the seed sale—8Pay tokens sold at $0.04, raising $355.5k
  • 10 percent to the foundation
  • 10 percent to the public sale—tokens available at $0.07, raising $622.2k
  • 8 percent to the community
  • 7 percent to Advisors

In total, 8Pay had a hard cap at TGE of around $2.44 million and a soft cap of $451k.

As of writing in early July 2021, 8Pay token holders added 77 percent in Q2 2021.

There are over 4.9k 8Pay token holders, generating over 64k transfers, according to BSC Scan.

At spot rates, 8Pay has a market cap of $437,575.12 from a circulating supply of 10,123,741.

8PAY token is available on:

  • PancakeSwap
  • Uniswap
  • 1Inch Exchange
  • Bilaxy

However, PancakeSwap is the most active DEX for swapping.

Short Term Catalysts

  • 8PAY market cap is below $500k, an opportunity for value investors expecting rapid expansion in the days ahead.
  • 8PAY total supply is relatively low. Also, a significant portion of these tokens is vested and locked. Staking will further increase scarcity, supporting 8PAY prices.
  • A few days after launching on the BSC Launchpad, 8PAY’s valuation continues to increase, pointing to interest from investors and traders. Already, investors earned a 77 percent gain in Q2 2021.
  • The team is relentless in developing and is launching their mainnet on BSC on July 8, an opportunity for traders to profit from the expected FOMO. Tokens supported from launch include BEP-20 versions of BTC, ETH, USDC, CAKE, and others.
  • The continuous market exposure due to listing at leading trackers like Coingecko and CoinMarketCap are pointers of quality.
  • 8Pay is taking security seriously. For this reason, the team drafted CertiK to audit the protocol’s smart contracts.
  • The team is in touch with trending events of which a shift to mobile is fundamental. 8Pay Network plans to launch a free mobile app to serve its clients.
  • 8PAY staking and yield farming are now live, a drawer for more investors and, therefore, value.
  • The token is actively traded on DEXes with a few listings on CEXes. Eventually, like other revolutionary DeFi tokens, once 8PAY gains traction, it may find support at more exchanges—representing an opportunity.
  • The launch from BSC is strategic. At the moment, 8PAY activity is concentrated in PancakeSwap. However, as they link to other EVM compatible blockchains like Solana and Polygon, 8Pay’s true gem will show—a value proposition for long-term investors.
  • 8Pay users, unlike competitors in Ethereum, won’t feel a pinch of high transaction fees. This alone is a trigger that could fast-track adoption, boosting 8PAY.

Long Term Catalysts

  • In a recent AMA, the team said they are working on several fronts to market and strike partnerships with businesses, including eCommerce platforms like WooCommerce.
  • The founding team is passionate about cryptocurrencies after successfully running a leading digital marketing agency based in Dubai. They are also among the first users of Bitcoin and cryptocurrencies. Further, boxing the cumulative experience of the project’s advisors makes a solid team capable of delivering results.
  • 8Pay Network will remain decentralized and pro-users. Token holders will continue to help develop the project, drawing value, a net positive for 8PAY’s valuation.
  • The project is expected to disrupt a multi-trillion eCommerce sales expected to reach $4.2 trillion by the end of 2021. If 8Pay even slices a small market share, 8PAY will rocket to be one of the most valuable tokens globally. Cryptocurrencies reduce the red tape associated with traditional payment systems.

A ResearchAndMarkets.com report projects the global supply chain industry to reach over $37 billion by 2027, growing at a CAGR of 11.2 percent from 2020.

There several contributors to this rapid expansion. One of them is definitely from the client’s side, the facilitators, and the rate of technological innovation.

But primarily because of technology and the growing needs from all participants—especially clients demanding better transparency, supply chain, as an industry, has posted giant leaps in the last few years.

Why not? Supply Chain is, after all, the primary cog that makes the economic wheel move.

Without an efficient way of moving products from producers/manufacturers to consumers, there wouldn’t be an economy and prosperity.

Technology as a Shaper of Supply Chain

Therefore, that technology is a catalyst and one of the primary drivers that form a big part of the Supply Chain–as an industry– is no surprise.

There could be better transport management systems and other forms of technology agitators, but blockchain takes the mantle.

Specifically, the level of transparency and improved efficiency, especially riding the cost of intermediation, is superb and precisely what market participants were calling for. Businesses are now increasingly merging their operations with solutions reliant on public ledgers for an edge.

This arises from the level of complication from current Supply chain management (SCM) software. Although these solutions introduce better management of supply chain processes, adopting enterprises are concerned about privacy concerns.

Introducing Obortech

For this reason, the quest for decentralized options continues to gain traction.

And this is where Obortech steps in.

The creators of this project are laser-focused, looking to resolve a significant pain point that hasn’t been sufficiently addressed.

What does this mean?

Obortech is building a smart hub to enhance collaboration using decentralized rails. In essence, the solution introduces better transparency for market participants involved in the supply chain.

Obortech Home

Their central product is the Smart Logistics Hub powering the fully digital ecosystem required for a user’s supply chain needs. Through this hub, technical barriers are eliminated, making the process simple but also in a manner that sparks collaboration without compromising privacy.

Some of this hub’s benefits include:

  • Better transparency due to blockchain traceability and provenance. This is made possible because the underlying blockchain depends on the broader community for activity and security. Public participation enhances transparency which makes it easy for product provenance.
  • Provenance, traceability, and better product visibility also mean low cases of disputes. Most of them are resolved because data are accessible in real-time.
  • Because of better traceability and product provenance, clients and facilitators on the ground can easily make plans, tapping on improved visibility of the supply chain process.
  • With better planning, there is a better fleet management and increased operational efficiency.
  • As a result, visibility and transparency act to widen market access, building trust among participants, which are the basic building blocks needed for building stronger customer relationships.

Features of Obortech’s Smart Hub

The Smart Hub, the primary product of Obortech, comprises of:

  • A communication hub powered by the blockchain and cloud: This is the heart of the Smart Hub, enabling data sharing, analysis, collaboration, and product traceability in real-time via a trusted platform. The hub consists of an API and is accessible from mobile and desktop interfaces.
  • A Tamper-proof document exchanger where participants can confidently share and exchange data without compromising key details. For instance, within the Smart Hub, authorized agents can access documents, track changes, and identify those who made them. All this is in real-time as the product moves across different stages in the supply chain.
  • An Internet-of-Things Tracker transmitted from IoT trackers installed in transporting containers. Critical data will be available, accessible in real-time for information or analysis, from the Smart Hub dashboard. This is important, especially when tracking valuable or delicate shipments where monitoring in real-time can make all the difference.
  • A decentralized marketplace that is accessible to ecosystem participants. From the marketplace, it would be easy to score others, effectively creating a reputation system. At the same time, out of the marketplace, participants can trade services without an intermediary, saving time and resources.

The beauty of Obortech is the decentralization of control. Ecosystem participants are the ones directly in governance.

However, this doesn’t mean every person is free to join a private supply chain network.

For that access, one ought to be invited. At the same time, the in-built reputation system ensures members comply with existing rules.

The Obortech Team and Partners

Established entrepreneurs lead the Obortech team. Some of them are:

Obortech Team
  • Tamir Baasanjav—the co-founder, is a project management and communication specialist.
  • Enkhbat Dorjsuren—the co-founder, has over 20 years in transportation and logistics. He is the CEO of Mongolia Express LCC—one of the biggest logistic companies in the country.
  • Tungalag Sukhbat—is the CFO. She has over 20 years of experience in investment. She is a certified CFA.
  • Zoljargal Dashnyam is the project’s Chief Counsel, experienced in corporate law and equity. She got her master of law from Harvard, and she is a top-tier lawyer in Mongolia.

What stands out about Obortech is the quality of its partners.

Obortech Partners

For example, already, they have a deal with the Government of Mongolia.

Other quality partners include:

  • Mongolia Express—one of the largest logistic companies in the vast country.
  • The Alliance for the Internet of Things Innovation—joining IBM, Orange, and IKEA.
  • The Intermodal Solutions Group
  • The Dutch-Mongolian Trade Office.

What’s more?

The blockchain-leveraging company already has accolades, named the “Company of the Year for 2021” by the Logistics Tech Outlook.

Obortech Tokenomics and Market Performance

Central to Obortech is the OBOT utility and governance token.

The token is minted on Ethereum, complying with the ERC-20 standard.

OBOT is for:

  • Making transactions
  • Reward distribution—directed from their performance ratings
  • General governance where token holders can vote on project proposals
  • Escrowing contract bonuses
  • Launching crowd-funding activities within the ecosystem
  • Exchanging services on the Obortech marketplace

According to Etherscan data, there are 300 million OBOT tokens as total supply.

Obortech Etherscan

At the time of writing, there were only 546 holders.

OBOT distribution is as follows:

Obortech OBOT Distribution
  • 34 percent to platform development
  • 32 percent to marketing activities
  • 16 percent to operations and administration
  • 12 percent to Research and communication
  • Six percent to Legal and Business Development

Thus far, the project has raised $440k.

  • Twenty-five million OBOT tokens were allocated to the private sale, where $200k was raised. Each token sold for $0.008.
  • Ten million OBOT tokens shifted to the public sale raising $220k—done via Probit. Each token sold for $0.024.

More stats from Coingecko shows 100 million tokens were released as circulating supply.

Obortech Price Action

At spot rates, OBOT holders from the private sale have posted a 2X ROI. However, those who participated in the IEO are still in red.

Obortech ROI

OBOT, trading at $0.0165, is down over 80 percent from all-time highs of $0.098804 registered in early May 2021.

At this price, OBOT has a market cap of just $1.65 million.

The token can be purchased and traded via:

  • Uniswap
  • Probit

Obortech (OBOT) Short-Term Catalysts

  • OBOT is a relatively new project but commands a decent market cap of $1.65 million—suggesting value flow.
  • The Obortech project plans to solve a significant pain point in supply chain. It is an industry worth over $20 billion. Yet, with a market cap of just $1.65 million, OBOT appears to be grossly undervalued. Using the Smart Hub, the project aims to disrupt the multi-billion markets, transferring value to token holders.
  • Already, private sale participants have doubled their investment even though the token is down over 80 percent from peaks.
  • OBOT is only available for trading at Uniswap and Probit. However, once exchanges realize the project’s value proposition and partners’ quality, they won’t hesitate to list, driving the token’s value up.
  • Roughly half of OBOT tokens (130 million) will be locked for two years on top of the 70 million that’s already locked. This translates to scarcity. Besides, they plan to introduce burning, further taking more tokens out of circulation.
  • OBOT visibility continues to increase. Listing at Coingecko makes it easy for token holders to track performance, while being mentioned by Forbes is perfect for credibility.
  • OBOT was one of the top performers in June 2021. Triggers included the OBOT farming program on Uniswap.

Obortech Long-term Catalysts

  • Considering what the project brings to the table, Obortech won the “Company of the Year for 2021” by Logistics Tech Outlook magazine.
  • Obortech is advised by El Ewers of Potrero Capital—one of the founders of the Silicon Valley Blockchain Society. The team banks on the firm to open up investment from Silicon Valley multi-billion firms or founders.
  • The quality of the team can’t go unnoticed. Obortech executives are experts in their field. Their experiences would drive the project forward.
  • Obortech is already working with the largest logistics company in Mongolia—the Mongolia Express—and collaborates with the government. The blessing from authorities is a huge endorsement that would potentially open up infinite opportunities.
  • The project is flexible, blending aspects of DeFi (marketplace for service exchange), a reputation system, IoT, AI, and Data Science while preserving privacy in a transparent blockchain. All these make Obortech unique.
  • Obortech smart contracts are audited by CertiK--a leading blockchain security firm.

In less than 15 months, DeFi protocols on Ethereum now manage over $75 billion of different assets.

Eye-popping as it is, this wasn’t always the case.

For many months before the ICO hysteria of 2017, smart contracting and Ethereum were primarily thought of as experimental.

And for good reasons.

Cryptocurrencies and minted assets were highly volatile, laws were fuzzy, and inconveniently, there wasn’t an alternative where users, especially times of high volatility and price dumps, could find refuge and retain value.

Markedly, the rise of crypto adoption and the sphere coincided with the expansion of stablecoins.

These are digital currencies designed to cushion against the effects of volatility.

Stablecoins trail the value of fiat currencies—whose valuation remains steady within a given jurisdiction–and are therefore considered a store-of-value and a unit of account.

Stablecoins are Critical for Crypto and DeFi

Most of these stablecoins are minted in Ethereum.

Crunching numbers, $80.5 billion of stablecoins were issued in April 2021.

What’s more, in 2020, the network processed over $1 trillion of stablecoins. This was more than any other bank could, highlighting the significance of the platform.

As it is, Ethereum mints over 75 percent of stablecoins, up from half as registered in 2020. It coincides with the rise of DeFi and how revolutionary it is.

This highlights just how critical stablecoins are to DeFi and crypto as a whole.

Admittedly, crypto trading as a whole could be highly volatile, tearing up and down if there wasn’t a way to store value.

Still, most stablecoins, are priming as they are, rely on some form of custody.

For instance, USDT is minted by a centralized entity, claims to be fully backed, and is collaterized by fiat.

Fiat-backed stablecoins include USDT and USDC.

DAI is native to Ethereum and is algorithmic. However, novel as the idea is, it sometimes struggles with maintaining the USD peg whenever the demand is high.

However, none is interest-bearing giving it that incentive for users to hold safely.

Introducing the Gambit Protocol

Gambit Protocol wants to change this state and add on-chain leverage to the mix through a clean, easy-to-use interface.

Thanks to Hidden Crypto Gem youtube channel for this overview

Minting the USDG stable-coin is effectively a 1x short position and this is especially practical because of the level of demand for on-chain leverage. The need for leveraged longs outstrips shorts causing liquidity struggles for hosting platforms.

Gambit uses the strong demand for stable coins, adds fee-earning, and uses this liquidity to supply the big demand of long leverage in crypto.

A perfect match and bringing value to multiple groups of the biggest crypto users.

Interest-Bearing Tokens: USDG

Visiting its homepage declares the protocol’s primary purpose: Gambit is an interest-bearing stablecoins with leverage trading.

Gambit-Protocol-Overview

Their approach towards meeting their objective is to rid the need for full backing or asset collateralization.

Instead, they implement an innovative system where a partially backed stablecoin can generate interest for the holder while improving the protocol’s liquidity through leverage trading.

Unlike the traditional way of minting stablecoins requiring some form of over-commitment as collateral against price shocks, USDG—the Gambit Protocol’s stablecoin–would be minted viz-a-viz the level of demand.

Gambit’s stablecoin, USDG, can be minted from any whitelisted asset depending on spot rates straight from the protocol’s smart liquidity pool.

For every supported asset, users can mint USDG without worrying about slippage, spread, or liquidity troubles.

Take, for instance, if the price of BNB is trading at $630, a holder can mint 630 USDG by locking it in the Gambit’s system.

Slippage Free and Zero Spread Swapping and Leverage Trading

But it doesn’t end here. The free-floating, whitelisted asset can be used to open leveraged positions within Gambit.

Gambit Protocol Leveraged Trading

From leveraged LONG positions, the system can automatically support the collateral backing the system while concurrently generating interest for USDG holders from flat fees paid on LONGs.

Gambit would generate fees from minting or burning USDG and from trading activities—whenever a trader opens or closes a trader.

A small portion of these generated fees is distributed to USDG holders that make the stablecoin interest-bearing.

To keep the liquidity of Gambit high, a considerable portion would be re-injected into the Gambit ecosystem.

The more there are whitelisted assets, the more expanded the liquidity for longs would be—creating a feedback loop beneficial for the ecosystem.

Most importantly, these fees will gradually play a significant role in helping maintain the USDG peg, cushioning the stablecoin against unexpected price declines of whitelisted assets that may force liquidation.

Gambit Protocol Fees

The USDG Soft Peg

By enabling trading, the system can automatically maintain peg without the need of the end-user over-collateralizing or depositing collaterals.

The system can maintain the USDG close to parity with USD. Any fluctuation around $1 is adjusted via arbitrage.

If the price of USDG falls below $1, the system “burns” USDG for the backing collateral while also considering the number of open long positions of that collateral.

Gambit would have a 0.90 factor—capped at 0.997– to the collateral in the system versus the USDG in supply.

The ingenuity is that the system will support many whitelisted digital assets. Therefore, the redemption rate of each would vary depending on the asset.

All these forms a backstop that overly helps to maintain the USDG peg.

For every redemption, the Gambit system would also, in lockstep, increase the collateral ratio against the USDG debt.

Gambit Protocol (GMT) Tokenomics and Market

The Gambit Protocol is on the Binance Smart Chain (BSC).

The GMT token is used for governance, controlling aspects such as fees charged on minting, burning, or trading.

401,469 GMT tokens were distributed via whitelisted pre-sale where each token sold for 4.5 BUSD. XVIX token was also accepted as a means of payment.

There was a hard cap for the non-XVIX presale of 900k BUSD.

There will ever be max 401,469 GMT tokens in circulation, all of which have been fairly distributed. This means no inflation on GMT.

The GMT token was first listed on BSC’s PancakeSwap in early Mar 2021.

The listing price stood at $5 and its market cap at $2 million.

There is a variant of GMT known as the xGMT. This is the fee receiving token of the Gambit protocol.

There will be 100k xGMT tokens. Its distribution will be as follows:

Gambit Protocol Yield Farming
  • 72k distributed over nine months to liquidity providers of the GMT/USDG and xGMT/USDG in PancakeSwap.
  • 23k managed by Gambit DAO
  • 5k to be distributed to the founding team and vested for two years.

On the other hand, fees generated from Gambit would be distributed as follows:

GMT is fully diluted with over 401,469 tokens in circulation with a market cap of $21 million or above 10.5X increment. The initial market cap stood at $2 million upon listing on PancakeSwap.

Gambit Protocol GMT Price Action

GMT is trading at $53 at spot rates for a near 12X ROI for holders who got in during the pre-sale.

Traders who exited at the token’s all-time high of $131 made a 26X ROI.

To trade GMT and xGMT it’s recommended to mint USDG first at https://gambit.financial/trade

Presently, GMT is only available for trading on PancakeSwap and the most liquid market trades in USDG here: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x99e92123eB77Bc8f999316f622e5222498438784&inputCurrency=0x85E76cbf4893c1fbcB34dCF1239A91CE2A4CF5a7

You can trade GMTx with the most liquid market here: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xe304ff0983922787Fd84BC9170CD21bF78B16B10&inputCurrency=0x85E76cbf4893c1fbcB34dCF1239A91CE2A4CF5a7

Short Term Catalysts

  • Gambit has been live for a week now and traded more than 80 Million Volume which resulted in a first week fee distribution of $79,826.79. That’s just epic and big evidence the protocol is working as it was planned for.
  • USDT and USDC the most used stablecoins give 0% APR. Swapping them with zero slippage to USDG at a stable price of $1 gives you currently 6.51% APR. This is unique and I see many make the switch to be much more capital efficient and immediately offers absolute trust unlike centralised backed stablecoins which rely on human audits and regulations.
  • Viz-a-viz the general stablecoin market, USDG is minuscule. Still, it’s easy to see why GMT is grossly undervalued at spot rates because of the project’s objective.
  • Project on-boarding is more accessible even for newbies. This is because the project’s team made the user interface intuitive and very clean. For instance, leverage trading works just like one would in PancakeSwap with the addition of a button to choose 2x, 3x, 5x leverage. Choose * to take up to 30X leverage.
  • Gambit Protocol’s decision to launch from the BSC means cheaper transactions and a possibility of carving out a significant market share in a relatively young platform.
  • The Gambit Protocol is perhaps the first DEX to offer perpetual leveraged trading on the BSC. The ability to mint USDG without over-collateralization, spread, or slippage from whitelisted assets gives the interest-bearing token utility.
  • A combination of interest-bearing and leverage trading in a self-adjusting system presents a unique value proposition unique to DeFi. Further integration of Chainlink Oracles—useful for swapping—gives Gambit an edge.
  • The creators of the Gambit Protocol are experienced and have created XVIX—a hugely successful DeFi project whose investors are deep in green. The lead developer is known for his hard work and unique intelligence I have rarely seen before in other projects.
  • Compared to other projects in the same niche, GMT’s FDV is around $21 million, meaning there is more room for growth and profits for investors.
  • As GMT’s liquidity builds up through listing at CEXes like Binance, its value will erupt.

Long Term Catalysts

  • By using the GMT platform it quickly shows us how this solution works better than MKR, DAI, SNX and PERP. The Myspace-Facebook story of DeFi? Sorry bluechips :(
  • Yield farmers are already flocking to earn three and four digits yields on xGMT and GMT pools.
  • The promise of deeper liquidity and the absence of slippage would see more traders flocking to the protocol since they can even trade for free—BSC’s transaction fees are near negligible.
  • The project plans to white list more assets and drastically improve the overall liquidity of the protocol. Whitelisted projects, unlike competing systems, are ordinary assets like wBTC, wETH, and not just stablecoins.
  • As we advance, the Gambit Protocol will launch on Ethereum Layer-2, meaning GMT would find even more users, inevitably pushing its prices higher.
  • GMT staking is live. Gambit Protocol team also plans to introduce advanced orders for leverage trading and also integrate with exchange aggregators.
  • Gambit Protocol’s smart contracts are audited by ABDK Consulting and industry experts around the team. ABDK is the same blockchain security firm that audited Uniswap v3 smart contracts.

Crypto is a mark of innovation, a move away from the stasis decay. Funny enough, before the concept of blockchain and the demonstration of Bitcoin, the traditional finance system had been using the same rails with minor upgrades for over 30 years.

With crypto and Bitcoin came smart contracting and now decentralized finance, simply DeFi. The asset class can be traced back to the emergence of dApps in 2017, with only a few projects ambitious to cause a paradigm in finance. Fast-forward three years later, and DeFi protocols lock a whopping $27 billion in Ethereum alone.

What is DODOEx?

Of this, there is DODOEx, a token swapping protocol with an innovative order matching algorithm. Most people think of DEXes and Uniswap, DyDx, and others come to mind. However, DeFi and swapping dApps are diverse and have various mechanisms to address identified loopholes.

But what exactly makes DODOEx different? After all, it is a trustless swapping protocol running in Ethereum. Why not use Uniswap instead?

This lies in their main objective and their ways of ensuring liquidity providers have a fair deal.

DODOEx is an on-chain liquidity provider on Ethereum that uses the Proactive Market Maker algorithm (PMM) for on-chain, fast contract-fillable liquidity for everyone.

DODOEx

PMM leverages price oracles for accurate market prices as input and aims to provide enough liquidity near the market price of any listed asset ensuring the constant provision of liquidity.

The community will eventually control this protocol via three DAOs:

  • The Admin DAO is the absolute mediator of all issues.
  • The Risk Control DAO supervises and deals with all risk-related events.
  • The Earn DAO to distribute revenue to the maintainer.

The Admin and Risk DAOs both have A-level authority. That is, they can freeze transactions. However, all actions of the Admin DAO must go through a complex governance process.

Why DODOEx?

From this, three things emerge:

  1. DODOEx is on-chain (like Uniswap) and community-owned.
  2. It uses a new order matching and filling mechanism different from mainstream LP called PMM.
  3. Their contract-fillable liquidity translates to fast and more efficient price discovery comparable to centralized exchanges.

Because the DEX exists on-chain, it also means smart contracts can leverage DODOEx’s liquidity to complete actions such as auctions and liquidation.

Extrapolated, it also means DODOEx accepts LP’s assets, often near market prices, to provide sufficient liquidity while incorporating oracles. The aim? To reduce counterparty risks for LPs by dynamically adjusting market prices to encourage arbitrageurs to step in (and profit), stabilizing LP portfolios.

Subsequently, there emerge several benefits for swappers (users). One is that there is low slippage. Second, there is single asset exposure without minimum thresholds—yes, no pair tokens. Third, there is minimum impermanent loss—that is, losses due to opportunity cost.

With the attraction of low IL and single-asset exposure complete with incentivization for liquidity providers, Liquidity Providers (LPs) can create trading pairs with their tokens without paying listing fees, as would have been the case in CEXes.

Additionally, they can obtain additional liquidity by depositing their tokens without taking on price risks.

Furthermore, from the DEX, projects can crowd-fund through the Initial DODO Offering (IDO) the platform creators describe as a new approach to token issuance.

As mentioned earlier, crowd-funding via IDO is free.

Projects seeking to raise funds have to set the oracle’s price to a constant—that is, the initial offering price, and begin their crowd-funding.

Single-Asset Exposure and Impermanent Loss Mitigation

All they need is their token (an ERC-20 compliant asset is sufficient). Because DODOEx’s PMM eliminates the need for a quote token, all the project needs to do is launch a pool and deposit their token therein.

DODOEx's PMM

The PMM creates the ask side with its depth based on the number of tokens deposited. Buying activity causes the price to rise as the quote token flows into the pool. It is this the influx of quote token inflow that builds the bid side depth.

This benefits the issuing project in several ways:

  • The initial offering price is set without capital requirements.
  • There is sufficient and contract-fillable liquidity.
  • Parameters can be filled as per the issuer’s requirement.

However, basing on the above developments and exciting architecture, it is natural for people to inquire how the protocol balance’s its pool.

This is easy.

Take, for example, the ETH/USDC pool in DODOEx.

The pool is open for everyone, and tokens can be swapped.

DODOEx charges a 0.3 percent ETH as transaction fees for buyers of ETH and 0.3 percent as transaction fees for USDC sellers in USDC with a dynamic adjustment through better incentives (ROI) and arbitrageurs to balance out temporary discrepancies.

Accordingly, this adjustment ensures maximum liquidity near the market price, translating to low slippage. This explains why DODOEx’s trading volumes are consistently above $5 million.

DODOEx Tokenomics and Distribution

DODO is an ERC-20 governance token for the DODO decentralized exchange.

There are 1 billion DODO tokens as total supply distributed as follows:

  • 600 million for community incentives
  • 80 million reserved by DODOEx Foundation for marketing and other operations
  • 10 million for IDO—circulated immediately after crowd-funding
  • 150 million for the team and advisors
  • 100 million for private round investors
  • 60 million for seed round investors
DODO Tokenomics

The token began trading on Oct 1 with an opening price of $0.53, sinking to $0.15 on Dec 23 before rallying to $1.8 on Feb 1.

DODO Price Action

From listing to early Feb 2021, the ROI in USD terms is 3.3X.

The token is currently trading at $1.78 with a $59.1 million market cap, with slightly more than 33 million DODO tokens in circulation.

Besides DODOEx, the token is available for trading at:

  1. Uniswap V2
  2. MXC Exchange
  3. Gate.io
DODO Markets

There are 11 DODO markets, but pairs at the above exchanges have better liquidity.

Short-term Catalysts

  • DODO is up 3.3X in four months, with ballooning liquidity suggesting interest from investors and more utility.
  • The platform is already one of the largest DEXes in DeFi by monthly trading volumes.
  • Trackers are beginning to take note. Coingecko already provides analytics tools pointing to interest from users and the investment community.
  • The DEX is easy to use with an attractive user interface. Together with their offerings—including Gas rebates, it explains the high Twitter following of over 10k.
  • DODO also has a wallet integration with WalletConnect and Portis for easy-of-use.
  • DODO has been listed by one of South Korea’s largest cryptocurrency exchanges—Coinone.
  • Already—outside of Uniswap V2, the token is available for trading at several CEXes, including MXC and Gate.io.
  • The Project is a working solution; solving the impermanent loss project that analysts say is mainly due to the inefficient AMM project. DODOEx’s PMM means providing liquidity without risks of loss due to impermanent loss (IL).
  • The DEX already manages over $27 million in TVL but with better capital efficiency and single-asset exposure.
  • Liquidity Mining will go live in early February 2021.
  • More pairs are being added, with the latest being SNX and more.

Long-Term Catalysts

  • Through the sophisticated PMM, swappers can exchange tokens with low slippage and comparatively lower Gas fees—ETH is in a bull market and explains the abnormally high Gas fees.
  • With backing from Binance Labs, Alameda, Coinbase Ventures, Three Arrows Capital, and Pantera Capital (a serial crypto investor), sooner or later, there will be even liquidity for DODO once listed on Binance and Coinbase.
  • With a resolution of IL, institutions can enter the DeFi market knowing that their funds are secure.
  • From its IDO, where projects can issue tokens for free, CrescoFIN—a Swiss regulated equity token launched and currently sits with over $11 million on the DODO platform.
  • ShuttleOne is also listing on DODOEx.
  • DODOEx version 1.5 was released in December 2020. It introduced Smart Trade—which has custom routing algorithms, integrating with 0x and 1inch APIs. Others include improvements in price charts, activation of pending transaction tracking, and more advanced trading settings.
  • Peckshield and Trail of Bits audited DODOEx smart contracts. Besides, they run a bounty program for white hackers.
  • The DEX continues to develop and will soon launch V2 with better features, including a super aggregator for other DEXes, crowd pooling (without bots meaning fair launches), enabling minimal capital requirements, and customized market making. V2 also supports an infinite number of liquidity pools. Private V2 invites to go out soon; contracts are out.
  • WSB, the Reddit group behind the GME pump, is already crowd pooling via DODOEx.
  • Already DODO Staking is live.
  • DODOEx also launched the Vending Machine easing token distribution and market-making, a useful platform for community-driven projects.
  • The exchange has partnered with Chainlink, the world’s leading decentralized oracle provider, translating to security and confidence. DODOEx also partnered with Wootrade—a network dedicated to providing diversified liquidity and trading infrastructure.
  • DODO has been integrated by Zapper.fi on their exchange portal because it has one of the best rates in the sphere.

In 2018, the Bitcoin price plunged to $3.2k. Earlier that year, it was trading at $19.8k. A record at that time.

The correction was painful for holders. However, it didn’t kill the idea. Instead, the price contraction made it more robust and more refined, forcing even more evolution in how ordinary folks handled finance.

The result was the birth of decentralized finance, DeFi.

As of writing, the number of assets locked under these decentralized Money Legos in Ethereum alone is at a record high of $25.2 billion.

In early 2020, this stood at around $850 million.

A 29X growth, year-to-date.

Following suit is another wave of a crypto rally.

Bitcoin, on Jan 5, breezed to a new high of $42k. Ether prices are also on a tear, racing to over $1.4k (ATH).

Building Bitcoin DeFi Bridges

The cool thing about DeFi is its innovation and elimination of barriers.

Currently, the major hurdle facing BTC holders in finding secure, mature, and trustless bridges of moving BTC from the Bitcoin network to DeFi in Ethereum without risks of exploitation.

As of today, there is over $4.6 billion worth of BTC tokenized in Ethereum, used as collateral in DeFi.

However, this can be accelerated as the amount, in all honestly, is lower since more people want to benefit from the explosive DeFi.

The only way of doing this–and unlocking the over $600 billion of under-utilized value is by building and creating trustless, community-owned, and easy-to-use infrastructure.

what is Badger DAO

Badger DAO is doing just that.

How? You may ask.

Well, Badger DAO is an open-source and decentralized automated organization (DAO) in Aragon dedicated to building products and infrastructure to fast-track the movement of Bitcoin as collateral to not only Ethereum but to other smart contracting platforms.

The platform is a shared space where developers—called Badger builders, collaborate with one thing in mind: Build and avail Bitcoin as collateral to as many blockchains as feasible.

As a DAO, their incentives are aligned, eliminating needless competition.

The developer infinitely earns a percentage of fees and BADGER tokens from the developer mining pool for every build.

What sets Badger DAO apart is that the project actually had a fair provable launch with audited codes and measures to prevent whale games.

Two Flagship Badger DAO products: Sett and DIGG

Badger DAO is community-driven, and before development, products must first be pitched and voted for by token holders.

All decisions are voted, and the BADGER governance token is fairly distributed, allowing community members to participate and draw benefits.

Their foundational products are Sett–inspired by Yearn Finance Vault but for tokenized BTC only, and Digg.

Sett (and Super Setts) is a DeFi aggregator with flash loan mitigation measures focused on tokenized BTC only using five strategies. Upon deposit, users can earn a yield as the protocol’s smart contract does the leg work.

To incentivize participation, farmers depositing tokenized BTC to the Sett vault earns BADGER and DIGG depending on the weekly emissions rate that’s decided by the community. Besides the 0.5 percent fee, another 4.5 percent of the profits earned are deducted to cover for Gas and transaction costs.

With further incentives, participants can stake wrapped tokens into the Badger Geyser to earn more BADGER tokens. Rewards depend on the duration of the staking period.

Digg is a non-custodial synthetic Bitcoin on Ethereum, pegged to the price of BTC with flexible supply and a re-base function, adjusted depending on BTC spot rates.

The goal of Digg is to rid centralized third parties and to create a synthetic token that tracks the price of Bitcoin, trustlessly, adjusted inversely depending on Bitcoin’s price.

Initially, DIGG and BADGER tokens were airdropped to users interested in Bitcoin DeFi.

Under the Badger Early Contributor Program, 14.5 percent of all DIGG (4,000—dropped from 6,250) and 5 percent of BADGER coins (21 million) were allocated to early contributors. Earned tokens will be unlocked linearly every two weeks for six months.

Approved products (garnering 10 percent of the total supply BADGER votes) are developed by the community in collaboration with the Badger DAO operations team.

BADGER TokenOMICS

Unique to the Badger DAO is their approach to make product development transparent, open-source, and fair from the onset.

Their governance token, BADGER, has no intrinsic value.

However, their role besides governance is in:

  • Staking in the Sett vault
  • Liquidity provision

Minting MEME NFTs Users can also hold the asset, benefiting from capital gains.

BADGER tokens are distributed as follows:

BADGER Token distribution
  • 4.83 million is for liquidity mining
  • 3.15 million is for developer mining
  • 7.35 million is for the DAO treasury
  • 420k is for Bitcoin core developers
  • 3.15 million is for airdropping to the community.
  • 2.1 million is for the founding team. For every block mined during the liquidity mining event that takes eight weeks, a BADGER token is rewarded to the founding team.

These are some steps that make Badger DAO unique and interesting, especially as they are inclined to build products to unlock the use of Bitcoin as collateral in other projects:

  1. A fixed supply of 21 million BADGER tokens like Bitcoin
  2. Audited code by third parties like Zokyo.
  3. No surprise launches
  4. No crowdfunding
  5. A publicly known founding team
  6. Founder rewards that are time-locked with white-listing functionality
  7. Community governed

The Badger DAO Team

Platform users will mine BADGER, and 10 percent is for the founding team. The remainder is set aside for the community.

Badger DAO Founding team

The Badger DAO Founders are:

  • Chris Spadafora is the operations lead. He’s a crypto enthusiast and investor.
  • Ameer Rosic, an investor and a founder of other crypto projects.
  • Albert Castellana, the product advisor, and CEO at StakeHound.
  • Alberto Cevallos, the technical advisor. He also advises Travala.

In the spirit of community and collaboration, the founding team has partnered with dOrg—a development collective specializing in building DeFi products, custom DAOs, and Web3 Tooling.

This team has worked with the likes of established DeFi megaliths like Balancer, Aragon, The Graph, DeversiFi, and others.

Still, Badger remains as a DAO. The community takes charge in the product’s operations, submitting code, and marketing efforts.

Badger DAO Market Performance

As of Jan 19, the BADGER token was trading at $14.61 with a market cap of $29.9 million. The token is up 86 percent in the last week and just broke ATH and seems to be ready for price discovery.

Notably, the Badger DAO token has the attention of the investment community. Roughly after a month of launching, the token’s market cap has risen to $30 million with fluctuating but decent average daily trading volumes.

Most BADGER trading is at Uniswap. There is also small activity at MXC Exchange and at Gate.

Badger DAO Markets

However, the token’s liquidity remains low.

Short Term Catalysts

  • BADGER’s price performance is impressive. While prices have contracted, it is still up 2X from its all-time low but with a decent market cap of $10.2 million. Analysts are confident of a recovery and a subsequent rally.
  • The token is presently present in Uniswap and few centralized exchanges. However, once Badger DAO gains traction, cements its position in the top-10, BADGER may find support from the likes of Binance or Gemini.
  • There will be only 21 million BADGER tokens, a relatively low market cap, fixed with liquidity mining to attract farmers and protocol users.
  • Relative to the projects TVL of over $570 million, the utility BADGER token is one of the most undervalued projects in Ethereum and Bitcoin DeFi, breaking into the top-10 by TVL.
  • Huge DeFi whale @0x_b1 is already building up their position in BADGER. Their liquidity mining program only runs for a limited period presenting more opportunity for traders and investors confident of the protocol’s prospects.
  • Digg is live, and three dedicated vaults are live. All three vaults earn BADGER and DIGG as rewards.
  • The BADGER/wBTC pool is one of the most liquid in the new Sushiswap’s Onsen Program. Liquidity exceeds $2.3 million, days after Badger DAO activated two Sushiswap optimizer vaults. There are two vaults—wBTC/ETH SLP and BADGER/wBTC SLP. Instead of dumping SUSHI for protocol users, their Sett vault strategies stake them for xSUSHI.
  • Badger v2 is out with an even simpler interface and layout that’s easy to use for investors who want to leverage Setts, stake, or use DIGG.
  • It is also easier to track the Badger DAO pools’ performance following support from DeBank DeFi, Coingecko yield farm page, and a tracker, DappRadar.
  • Badger DAO has partnered with Nexus Mutual allowing users to insure their deposits against smart contract flaws. Users who stake NXM also earn NXM and 0.05 BADGER/week as rewards marking the beginning of a new shield mining campaign.

Long Term Catalysts

  • Badger Sett stakers will earn a portion of the vault’s shared fees. Sett takes after Yearn Finance vaults but with a focus on Bitcoin DeFi and employs over five strategies.
  • The incentives in place by the team, rewarding protocol users, is already successful and will drive more organic participation. Their Flash loan and whale fighting measures are proving successful.
  • Besides an intuitive interface, the protocol continues to attract more users. By Dec 31, 5,500 unique addresses (people) had interacted with the platform and therefore qualified for DIGG and BADGER airdrops. The number should rise in the coming months.
  • On development, following the launch of Digg, the team plans to launch a new Bitcoin AMM, introduce new vaults, mint native Bitcoin and wBTC/renBTC, and introduce the borrowing of stablecoins against user’s Badger vault position.
  • Badger DAO has integrated with Ren. Users who have ever minted (tokenized BTC) using the protocol can earn BADGER tokens.
  • The multiplier effect in the protocol’s staking means the longer they stake, the more BADGER tokens they receive during the liquidity mining event. There is a higher reward multiplier up to 3x after 8 weeks.
  • All of Badger DAO’s code is audited by a third-party (Haechi Audit) and is has been founded secure.
  • DeFi has a total of $20 billion as TVL across different protocols. Badger DAO is accelerating the movement of Bitcoin DeFi so that more users can use their BTC in DeFi. Using their flagship product–and therefore being part of their goal, means receiving BADGER either through airdrops or Sett.
  • Badger DAO is allocating funds for Gitcoin and has a grant for Bitcoin core developers. Already, the first $200k was sent in late December 2020 to the Gitcoin Grants Program. The more hacker-proof and refined Bitcoin is, the more successful Badger DAO becomes as they drive to make Bitcoin DeFi a reality and lucrative.
  • The Badger DAO founding team is publicly known, reducing the chances of a rug pull.

2020 would be authoritatively said to the year of DeFi. A new sub-sector–and a promising one in that matter, it has revolutionized the way finance is done. With blockchain as the base layer, innovative creators have extended on what Satoshi Nakamoto built when he launched Bitcoin.

The Year of DeFi

Fueling the success of DeFi is the tokenization capability and security of the enabling smart contracting platform. 

Thanks in part to the first-mover advantage of Ethereum–and the level of participation now that it was the dominant platform during the ICO-Hysteria, the network is jam-packed with different tokens most of which comply with the ERC-20 standard. 

Combined with well-developed infrastructure, a native currency endorsed by policymakers, more projects are flocking to Ethereum. 

This time, their cross-hairs are fixed on resolving the way trading of different assets is done and the porting of the same principles to the blockchain but without the middle man.

Over $12.6 Billion Locked Up

Cumulatively, the DeFi scene locks over $12.6 billion worth of ETH and different assets according to data streams from Etherscan. Out of this, the most popular DeFi protocol is a decentralized exchange, Uniswap. 

For what truly matters, Uniswap’s popularity arises from its value proposition. Only until recently, it had not governance token, truly embodying the spirit of decentralization. 

Nonetheless, unlike Bancor—which was one of the first DEX in Ethereum, it is one of the most active with trading volumes, at one point in late September 2020, its volumes surpassed that of Coinbase Pro—one of the oldest US-based exchange.

DeFi is maturing and as it does, decentralized exchanges offer what traders truly desire. This time, it does it so efficiently with low slippage. At the height of the decentralized exchange, revolution is the ability of traders to swap tokens without the need of a trusted authority. By eliminating the middle man, the risks of hacking—and other counter-party risks, are eliminated.

For this reason, the trading part of DeFi has seen unprecedented growth. There exist protocols supporting a wide range of tokens where liquidity provision is incentivized. Not only can traders swap tokens trustlessly but they can participate in derivatives, trading options, futures, and perpetual swaps. 

Now, like what Binance and FTX are doing in the centralized world, SynLev wants to introduce the liquid trading of decentralized synthetic leveraged asset tokens with zero risks of liquidation.

The most succesful DEX innovations have been Peer to Pool contracts where liquidity providers pool liquidity to offer a great and liquid user experience for the peers via an automated market maker smart contract. DEX’s trying to replicate centralized exchanges with on-chain order books have failed and smart project are realizing that PEER TO POOL is the succesful way to rapidly grow permissionless exchange products.

Synlev is one of the only undiscovered low marketcap (below 1M) gems that offers all ingredients for rapid growth.

Introducing SynLev

As a primer, SynLev is built on Ethereum by an anonymous team of skilled developers. As such, the overall performance directly depends on Ethereum’s. Just like other on-chain DeFi protocols. 

However, the main differentiator is that the DEX is also built with Chainlink oracles. Through these oracles, SynLev can connect verified and approved price feeds from the real-world as triggers for SynLev smart contracts. 

Why SynLev?

From SynLev’s whitepaper, the goal is to provide trustless, decentralized, and non-KYC gated leverage assets similar to traditional leveraged ETFs. In the latter’s case, liquidity is from debt and fund re-balancing. 

SynLev will chart a different path and hold on to the ideals of decentralization as its main value proposition while keeping leverage of a typical “3X” synthetic leveraged asset token within a 1.5X and 4.5X range enforceable via a loss limiter.

For a balanced and autonomous system, SynLev only supports assets, commodities, and indices with decentralized public oracles

By incentivizing liquidity provision by rewarding users with the SYN tokens, it shall bootstrap liquidity from the community. Assets are also not collaterized by shared pools ensuring consistent and deep liquidity.

All SynLev assets will be deployed in isolated pairs and collateralized by liquidity providers, the performance of the opposing pair, and ETH required to mint tokens. 

In this requirement, the position of leveraged BULL and BEAR asset tokens are collaterized by the opposition position, not through debt being held by a single individual or entity. 

Besides, the isolation of pairs is mitigation against rapid price movements of a leverage position, compartmentalizing the system, and shielding them from unexpected price volatility. This drastically reduces the counter-party risk.

To incentivize participation, fees generated from asset minting and burning will be distributed to SYN stakers and liquidity providers. For every buying and selling event, the protocol charges a 0.4 percent fee distributed where 0.2% goes to SYN stakers and 0.2% to the liquidity pool providers. Synthetic assets are one of the most popular traded products in the traditional finance sector and in a matter of weeks this will also be available via Synlev Peer to pool derivatives exchange.

The Automatic Calibration

Additionally, to keep the equity ratio as close to one, the protocol will introduce a variable sell penalty–capped at 15 percent–and Buy bonuses to balance the equity of asset pairs. The equity ratio acts as a balancer and is a ratio between BULL and BEAR tokens, determining leverage. If there are more BULL token buyers, its leverage decrease while the BEAR token leverage increases.

A sell penalty is incurred with an asset is sold and burned, an event that tends to push the equity ratio above 1. Penalties are diverted to a pool providing funds to pay out bonuses.

On the flip side, the buy bonuses result when minting new assets forcing the equity ratio of a leverage token position to trend towards 1. In this case, the protocol will incentivize users to re-balance the token pair via buys, keeping the equity ratio stable and desirably close to 1. 

Liquidity providers receive half of the fees generated from the buying and selling of any listed leverage token pair depending on the amount—that directly determines the number of shares. Rewarded fees can be withdrawn anytime without withdrawing liquidity from the asset pair. Adding liquidity mints non-transferable BULL and BEAR tokens to the SynLev vault contract which are destroyed when liquidity is withdrawn.

SynLev Tokenomics

SYN is an ERC-20 token for the SynLev ecosystem. It is not a governance token since control of the SynLev project is centralized.

Holders receive half the fees as a reward for users buying and selling leveraged tokens.

There initially was a 100 million SYN tokens as total supply but after cancelation of 2 future sales 17 million tokens are burnt so new max supply is 83 Million.

  • 12 percent was airdropped to LINK and ETH holders. Claiming these tokens is a manual process
  • 12 percent will be sold in a public sale to fund further growth after product launch
  • 6 percent will be used to boost early liquidity programs
  • 15 percent will be used for business development
  • 15 percent is set aside to power the project’s liquidity boost programs
  • 40 percent is assigned for the dev team to stake and earn returning income to keep developing the protocol

Market Performance

All airdropped tokens have been claimed. There are 11.458 million SYN tokens in circulation at the time of writing.

The token’s open price at Uniswap stood at $0.095 with an average daily trading volume of $504k. At the time of writing, each SYN trades at $0.068 with an average daily volume of $228k. 

SynLev (SYN) Market Performance

Prices are up 14 percent in the last two weeks of trading but down 36 percent from its all-time high of $0.111 registered on Oct 17. 

Most SYN trading activity is from Uniswap V2 though the token is already listed at Bilaxy.

SynLev (SYN) Markets

Short-Term Catalysts

  • $SYN token holders will be able to earn 0.2% fee on all trades on the network + liquidity pool providers earn the other 0.2% for each asset they offer liquidity which incentivizes adoption and participation on the network.
  • SYNLEV is launching an onchain synthetic asset exchange with peer to pool mechanism so is able to offer deep liquidity from launch. Traders need liquidity. And Synlev might soon be able to offer deeper liquidity than popular order book based exchanges like FTX and possibly Binance. Uniswap did this for many spot trading pairs within half a year.
  • More exchanges will likely list SYN as it gains success. After the public sale and the project gaining popularity, the odds of investors demanding more purchase channels will increase further boosting the token’s market cap and therefore price.
  • The SynLev interface is intuitive and easy to use. The team is keen on making trading as easy as possible. The revamped interface is also easy to navigate.
  • Several ETH browsers, not just MetaMask, are supported by SynLev making it easier for users to onboard and either stake or add liquidity.
  • The SYN market cap is slow, at $815,253 at the time of writing. However, token performance hints at a possible under-valuation ahead of the main product launch.
  • SynLev contract is verified, complete with an Etherscan logo. This makes it easier for stakers to participate. There are 478 addresses at the time of writing, generating 6,912 transfers revealing how the project is still under-the-radar.
  • The team has fast-tracked the rollout of SynLev. Most of its core contracts are now live on the mainnet. A working beta of SynLev dApp was launched weeks ago. Presently, its code can be checked as there is a bounty program allocated 10 percent of all SYN in circulation. Bounty rewards can be up to $3,000.
  • The Uniswap liquidity provider reward program is already live, concluding on Nov 17
  • 500k SYN tokens will be distributed to ETH liquidity providers through the SynLev Exchange program for the first three weeks, concluding on Nov 23. Depending on the amount of ETH supplied as liquidity and the time take for liquidity provision, there is an incentive for users to earn extra tokens rather than holding via trading means. 
  • The first synthetic leverage asset, 3x ETH/USD BULL and BEAR pair, will launch in the coming weeks. Liquidity providers stand to earn fees from the buy and sell activity of this pair. The higher the trading volumes, the more fees SYN stakers will accrue.

Long-Term Catalysts

  • Liquidity providers need not worry about the exchange locking funds or its leaders being investigated and inconveniencing users. SynLev remains non-custodial and funds can are under the users.
  • SynLev plans to support more leverage pairs. By starting with the ETH/USD BULL and BEAR asset, a dozen others—using Chainlink oracles–will be supported providing more rewards for SYN stakers and LPs who add liquidity to any of the listed pairs
  • There will be one token sale where 10 million SYN tokens will be available for public investment at a 5 to 10 percent discount via Uniswap. This is a revision down from the three-stage token sale earlier announced. 10 million SYN and 7 million SYN tokens from the developer funds will be destroyed. The other five million SYN has now been reassigned to bootstrap liquidity of SynLev assets in Uniswap and other DEXes.
  • The team is aligning their interests with those of the community through the use of proxy contracts employing time-locks and the use of multi-sign contracts. They also reduced the number of public token sales from three to one after feedback from the community. The circulating supply will be increased but with such a low market cap project with this product to be launched we expect this will be absorbed quickly. This would be different if it was a 10-40 Million marketcap project instead of the below 1 Million marketcap it is today.
  • SynLev is carving out market share from wildly popular synthetic leveraged tokens offered by FTX Derivatives Exchange and Binance. Their approach is different and rids the middle man without KYC and censorship. 
  • With SynLev there are no liquidation risks as the pair automatically re-adjust. As the main value proposition, the integration of oracles solves the issue of non-transparent liquidations and other market manipulation prevalent in centralized exchanges. Ask yourself, how much would you value a non KYC bitmex where you can’t be liquidated :P

The beauty of blockchain is beyond decentralization and censorship resistance. Those are its building blocks. 

Astoundingly, in the last couple of months, developments in Ethereum have proceeded to highlight the true gems of innovation through financial products that promote inclusion and distribute opportunity.

Anchoring on decentralization, open finance, or DeFi, has been shaping. It is literally cannibalizing centralized on-ramps thanks to its special open source model and lack of a centralized entity. At the time of writing, over $10 billion worth of value was under management by different financial dApps. 

Although most participants zero in on providing liquidity through automated market making (AMM) protocols, there are exciting developments beyond robo-advisors and yield farming that’s worth mentioning. 

The experimentation of innovative trustless and non-custodial trading portals where users can simply connect their wallets with no KYC demands and hedge their assets is exciting.

The world of DeFi is now expanding and evolving beyond lending and borrowing to more advanced financial products that eliminate intermediation. 

Hegic is one such product.

What is Hegic?

Hegic is introducing an elegant mechanism that integrates the “pool” model for liquidity providers who want to enhance trustless Options trading. 

The Ethereum-based platform is an Options trading portal where traders can engage for profit or directly participate as a liquidity provider for a share of transaction fees. All contracts are created, maintained, and settled in a decentralized manner without third-parties. 

To understand the protocol’s value proposition, one must find and understand the importance of a derivatives–lauded as the Holy Grail in the traditional markets and estimated to hold a notional value exceeding $1,000 trillion. 

In the traditional market, this accounts for trillions of dollars because traders of all forms directly interact mostly with derivatives products which track the performance of the underlying. They could be futures, options, exchange-traded funds, and so much more complex products.

Options are derivatives that give the owner the right but not the obligation to buy or sell the underlying asset. In this case, Hegic seeks to provide ETH options where the holder of the option can choose either to sell or buy the underlying depending on the set conditions. 

The governor will be smart contracts and every detail of the trade will be immutably executed by Ethereum smart contracts.

How Trustless Options Benefit Participants

Often, options tag several advantages for holders. 

Aside from hedging assets—options being used as insurance, ETH options are not only beneficial for speculators (traders) but for miners and others.

For instance, by owning ETH options miners can hedge against their future mining revenue using Put options giving them a right to sell the underlying contract at a given price within a given period. Whales can also hedge against ETH prices if they are unsure of the trajectory of prices by purchasing call options. 

Similarly, traders can protect against their position by purchasing call options when selling ETH in the secondary markets or put options when buying. Also, it can be used to safeguard against damaging relationships. 

Borrowers can get money from their friends or relatives. To shield against price fluctuations and loss of funds, ETH options can be used as a safety net just in case things go haywire.

Hegic options benefit holders who will rely not on third-parties but on Ethereum code for their options to be exercised trustlessly without KYC. Besides, Hegic options can be customized. 

Asset underwriters also earn a decent yield (0.5 to two percent per week—108 percent per annum) when they provide liquidity in ETH or DAI on top of the HEGIC governance token which helps in neutralization risks of impermanent loss. 

Notably—and a big advantage, is that underwriters can be confident of their position because the risk of one position is distributed evenly to all liquidity providers in that pool. 

These providers can be in their thousands as participation is incentivized and premium is shared depending on the amount of DAI/ETH dedicated to the pool. 

This helps to diversify liquidity allocation and makes capital work more efficiently. Additionally, every detail about Hegic premium is on-chain where pricing and settlement is transparent.

ETH and DAI Pools

At the moment, the Hegic ETH Pool is non-custodial and liquidity providers earn premium in ETH. All deposited ETH in this pool are used for selling ETH call options as holders of these options have a right to swap their DAI for ETH at the agreed strike price after expiry. 

In exchange for this right, the purchaser of the option pays a premium. It is this premium which is distributed to liquidity providers at a pro-rata basis when the option expires either within two days, one week, or four weeks. 

Hegic Pools

Also, if the holder of the option exercises his/her right early, they will draw profit from the ETH pool. 20 percent of the ETH Pool will be set aside for liquidity providers who want to exit the pool. However, if at the time the set amount isn’t enough, the provider must wait until after there is enough liquidity or when the pool receives more ETH from options expiry.

Conversely, the DAI pool is for DAI liquidity providers and is used for selling ETH put options. That is, this pool is for traders who want to purchase puts where providers supply their share of DAI for writeDAI tokens indicating their share of the pool. 

ETH put options buyers pay for a right to swap their ETH for DAI from the pool at the strike price at expiry. Like the ETH pool, liquidity providers share premium denominated in ETH and only 20 percent of the amount of DAI in the liquidity pool is available for DAI liquidity providers who wish to exit their position.

On 10/10/2020, the DAI pool will be deprecated for ETH and wBTC bi-directional pools.

HEGIC Tokenomics

The HEGIC token is an ERC-20 utility token used for distribution of 100 percent of the settlement fees between all the token holders. Transaction fees accumulated are distributed to all HEGIC holders every quarter.

Holders can participate in governance to determine things like rates, settlement fee sizes, strike price multipliers, or the type of assets supported.

Its main value proposition is for users of the protocol, that is, liquidity providers contributing funds to DAI and ETH protocols, writers. 

HEGIC token holders receive a 30 percent discount when purchasing contracts exclusive of settlement fees which is determined by the Ethereum network—highly dependent on prevailing Gas fees.

Overly, there will be 3,012,009,888 HEGIC tokens. This will be distributed as follows:

In the first epoch, 10 percent will be allocated to a DEX for HEGIC liquidity. Funds generated will be channeled to the Hegic Development Fund (HDF) where specifically it will be used to pay for auditing the contract and to further develop the protocol. 

The “the historical trading volume of HEGIC token on decentralized exchanges should not be less than 10% of the new capitalization level that has been reached (to eliminate the HEGIC token price manipulations to unlock new tokens)”. 

By the seventh epoch, the development team hopes to offer each HEGIC token at $332,000 for a market capitalization of $1 trillion. 95 percent will be distributed to token holders and the remaining five percent to the HDF.

40 percent of the total supply is set for liquidity mining and utilization rewards. Also, a maximum of 3,000 staking lots will be allowed.

Overly, tokens will be distributed as follows:

  • 20 percent is set aside for early contributors (vested)
  • 10 percent will be for the development fund (vested)
  • 40 percent to liquidity and rewards
  • 25 percent will be distributed via a bonding curve
  • Five percent for the balancer pool

HEGIC Market Performance

HEGIC price chart

The total market cap of the HEGIC token is $9,528,870 drawing a daily trading volume of $664,640 from the current circulating supply of 89,787,658.

At the time of writing, HEGIC was changing hands at $0.106 down from its listing price of $0.171 according to Coingecko.

HEGIC rose to an all-time high of $0.258 on Sep 12 before tanking to $0.043 on Sep 21.

Uniswap is the dominant market where the token is paired against ETH. Other notable exchanges supporting the coin include Bilaxy, Hoo, and Balancer.

HEGIC Markets

Short-Term Catalysts

  • Stakers with 888.000 HEGIC tokens and over can begin earning the full 1% settlement fees in WBTC and ETH accumulated by the protocol’s staking contracts. 
  • I have been tracking wallets and found that BIG DeFi whales who were early and became rich on the SNX, YFI and LEND bull run last summer are accumulating a staking lot of 888.000 tokens. Some already done so which makes it very bullish that early tech adopters endorse the project with a fair amount of money. (a staking lot is now worth $88.000)
  • The UX is easy to use, an advantage especially for traders who want to trade without prior experience.
  • Trading Options in Hegic is flexible and traders determine their own terms. Depending on the risk profile, a trader can choose any of the five expiry dates, strike price, and other variables without shifting tabs.
  • Trustless derivatives platforms are being developed and Hegic is unique in their under-writing styles translating to better capital efficiency due to asset pooling. Basically, one doesn’t need to wait to sell the option. The contract can be closed anytime even before expiry date which can be anywhere between two days, one week, two weeks, three weeks, or a month—28 days.

Long-term Catalysts

  • The idea of trading decentralized derivatives without totalitarian central entities dictating terms will soon catch up. What’s more, there is no KYC and participation is incentivized meaning LP earns more funds.
  • The introduction of Bidirectional ETH and WBTC Liquidity Pools on Oct 10 minimizes LP’s risks and makes the system more robust since it can withstand a bearish or a bullish market.
Hegic New bi-directional pools
  • HEGIC tokens continue to be listed in leading DEXes. Balancer and Uniswap are already dominant markets for HEGIC. Soon, CEXes versions will support the token, deepening its liquidity. In the medium term, the team looks to create more markets for HEGIC token.
  • There is more liquidity now that in-the-money contracts can be re-sold in the secondary markets. In the first iteration, it wasn’t possible to resell meaning circulation in the secondary market was harder.
  • The Hegic code has been audited by PeckShield rectifying previous exploits that saw funds lost and premium distribution affected.
  • Hegic’s Wrapped Bitcoin (WBTC) and ETH will provide more options for traders.
  • Developers want to expand Hegic Protocol’s features to beyond trading options. By November, the team plans to launch Autonomous Hegician (AH) for automating the exercising of the in-the-money options contracts. The ETH and WBTC Hedge Contracts by yet another Hegic developers will see options contracts position hedged against volatility.
  • Hegic protocol will eventually provide an insurance cover against losses via existing DeFi protocols like Nexus Insurance.
  • Automatic price feeds for implied volatility determination will soon be drawn from Chainlink instead of being manually generated. 
  • Eventually, the control of the protocol will be via DAO where use and voting by HEGIC holders will determine the trajectory of the dApp.
  • Finally: I think one of the most important features that many have forgotten about is that the team behind the protocol is anonymous and therefore there is no single point of attack like with satoshi and bitcoin. Anons have a bad rep lately but this team proved many times they are here to build. My view is that many of the so called “DeFi” projects will get in trouble with strict financial regulation and this makes them no different than their centralised counterparts. Hegic Protocol, like Bitcoin, is the most robust because of this. This will matter in the long run and only smart money sees this as of yet.

Open Finance inevitably promises to port traditional finance to the blockchain. As it does that, the middle man, that is the expensive custodian, is eliminated. It will be interesting no doubt. And it has been interesting. 

According to Defi Pulse, different open finance dApps hold as collateral over $9.6 billion in ETH. And this is in Ethereum alone. 

There are other emerging DeFi dApps in Tron—with the highlight being the recent listing of JUST stablecoin, and there are other interesting developments in periphery networks like the IOST. 

Decentralization and Liquidity in DeFi

Underpinning their objectives is the community’s strong desire to create opportunities for coin and token holders to either diversify their income streams through lending and borrowing to build on more opportunities, or to build liquidity for emerging but high potential tokens.

For this to be smoothly executed, there must be a reliable platform for exchange. That is, coin holders, say ETH, can swap their tokens for others. In this case, it can be for a DEX token say Bancor or others. Over and above everything, this execution must be smooth and there must be modes through which there is liquidity for the second pair. 

In DeFi, such exchanges are done via a decentralized exchange (DEX). Since the latter function without middlemen and the owner retains full control of their funds, there is security. However, the only weakness DEXes have is their liquidity which lags CEXes which are honey pots but scalable than the former which relies on the scalability of the underlying blockchain.

Most DEXes are active in Ethereum. Second, they employ different auction styles to strike a balance between incentivizing liquidity providers and to ensure transactions are executed fast without wide slippages. 

Uniswap is a prime example. While it has an attractive automatic market-making (AMM) that has been a source of inspiration, there are upcoming swapping platforms that seek to change all this by changing auction styles.

Auction Types and why they are important in DeFi

Auction styles come in different flavors. A DEX can opt for the ascending bid auction—or the English auction, where the auctioneers state their bid from a reserve price (the lowest price). The highest bidder wins. 

The Dutch auction is the opposite of the English auction. The Auctioneer starts at a high price and decreases their bid until a bidder calls out. This auction’s advantage is speed. 

The first-price, sealed-bid auction is closed with no free flow of information. Bids are placed in an envelope, sealed, and later reopened in the presence of all bidders. The highest bid wins. The Vickrey auction is similar to the first-price-sealed-bid but instead, the item is offered at the price of the second-highest bidder.

Regardless of the auction type employed by a DEX, their overarching objective is speed and efficiency. These two determine the prevalence of arbitrage. Arbitrage, when exploited effectively is a money-making opportunity. 

In DeFi, this has been the perfect fertilizer for Yield Farmers who trade between different protocols to exploit gaps, earning generous profits through protocol inefficiencies. 

These differences are what make DeFi interesting, gifting the space current market capitalization.

Introducing Bounce Finance

Swapping should be done in a competitive environment preferably with a limited supply of tokens and set time. In this case, a modern-day, adaptive auction should exist to make swapping competitive. The Bounce Finance creators want to build a new auction framework specifically tuned for DeFi.

Consequently, they have borrowed some features from Uniswap and Yearn Finance but with some twists especially in governance and in liquidity mining.

How it Works

To get going, there must be a pool but the pool creator is in charge of proceedings. He/she, for instance,–and being the creator, sets operating parameters like the number of tokens to be swapped, the maximum amount of ETH—being an Ethereum-based project, accepted for the swap, the duration of the pool, and the pool type of his/her preference. 

Bounce Token BOT

Swapping tokens in the Bounce Finance can be in two ways:

The Fixed-ratio swap: Here, the swap ratio between a pool’s creator tokens and ETH is fixed at all times—that is there “same swap rate across pool live time.” In this arrangement, the user will receive their bid tokens only after his/her ETH transaction is confirmed. There is no need for both parties to wait until the pool closes. Transaction fees was re-adjusted to one percent.

Dynamic ratio swap: Here, the swapping ratio depends on the amount of ETH and the number of tokens in the pool. Users and tokens receive their assets only once the pool closes. The final swap rate is determined depending on whether the bounce level is reached. Swapping in these pools draws fees between 1.5 to 2 percent.

Once any of the four-pool type is created, participants can begin auctioning for the deposited tokens in exchange for ETH. Swapping is executed before its expiration time ends. 

The swap will be successful if the accumulated ETH less or equal to the bounce level. Should the amount accumulated exceed the maximum amount of ETH collected, the extra is sent back to the sender’s address. 

Competitiveness is automatically ingrained in Bounce Finance. With a predetermined pool allocation and rates depending on demand, its auction type draws speed and efficiency on a first-come, first-serve basis.

Bounce Finance (BOT) Tokenometrics and Distribution

BOT is the Bounce Finance utility and governance token. Its creator said its primary function was to attract new users to the platform. 

The total supply was reduced from 550,000 to 220,000 BOT then to 150,000 BOT in September 2020 after a governance proposal.

This will be distributed in four portions:

  • Daily Reward Distribution: 100,000 BOT
  • Governance vault, Sale, and rewards: 91,500 BOT; 75,000 BOT will be in the governance vault controlled by a multi-sig wallet with 9 signers. Six are needed to open the vault. Original members of the Bounce Finance team won’t be part of any signers.
  • Team: 16,500 BOT
  • Early experienced governor invitation: 12,000 BOT

NB: a big portion of their daily reward will go for liquidity miners at 60 percent, the rest will be distributed for governance voting at 20 percent, while the Uniswap liquidity provider tokens will be set at 20 percent of the daily emitted rewards.

To make this possible and easy for miners, a Uniswap section under bounce token for staking Uniswap LP tokens has been created.

Besides, two percent of the total supply is reserved for people who make proposals. Other participants will share 98 percent of the governance daily rewards.

Uses of the BOT token

  • Payment of the 0.2 percent transaction fees
  • A governance tokens used for voting changes on how the protocol works, total supply, and more
  • Staking for transaction fee rewards where participants will earn the yield pools.

Every day, 32 BOT tokens (slashed from 300 BOT) is set aside for liquidity miners until the amount set aside for liquidity mining runs out.

Miners have to actually work (pay for Ethereum gas and platform fees) to create new BOT tokens every 24 hours cycle and this brings a base value for every BOT to be created. You can compare this to mining new Bitcoins and it bring new liquidity to the market and makes this a very fair token distribution compared to most not so decentralized token launches.

Technically, for one to create a bounce token pool, a fee denominated in BOT has to be paid (helping draw demand) but will be burnt—destroyed—once the pool closes.

DYNAMIC BOT staking

Like in all other swapping pools, a transaction fee is levied. In Bounce Finance’s case, the 0.02 percent fee is only charged on the pool creator and re-directed to a staking pool.  However, the intention of this staking model is for flexibility of staking assets and for more on-chain computation of staking rewards.

Staking rewards are then calculated in a cycle basis where earnings can only be claimed after participating in a complete cycle.  All rewards will be distributed based on the amount of BOT staked in that cycle and the total amount of staking rewards (in ETH) in the staking pool at the time. When claiming rewards, ETH will be instantaneously used to buy BOT via Uniswap.

All requests for un-staking BOT token is processed within a week to prevent elements from gaming the system.

Read more about staking on their Medium page

Market Performance

Nonetheless, it has been one of the top performers. Trading at $367, the token continues to flactuate, down 63 percent from its all-time high of $956 it reached on Sep 10.

Bounce Finance Token Price chart

BOT is listed at Uniswap V2, Huobi Global, OKEx, BKEX, and others. The BOT/ETH market is liquid.

 Bounce Finance Token (BOT) Markets

Short Term Price Catalysts

  • BOT is already up from it’s all time low of $94 and is just on the market for a few weeks now. This highlights the level of demand from the users who want to boost the liquidity of tokens—just like they would in Uniswap, but at the same time ready to pay low fees and earn extra BOT tokens. BOT is now trading at $367 with an average daily trading volume of $2,276,363  Coingecko.
  • Upon launch, the Fixed Type pool attracted over 800 ETHs in trading volumes pointing to underlying demand. So far, there are over 2,300 unique addresses holding the BOT token according to Etherscan.
  • BOT liquidity has tremendously increased in the last two months and staking rewards are now in BOT (not ETH) as it was originally.
  • For user experience, the development team is constantly improving its interface. Bounce Finance ‘s main-page is now multi-lingual, supporting Cantonese.
  • Like Uniswap, projects are now beginning to list and distribute their tokens from Bounce Finance. Then there is the Keysians Network (KEN) which wants to financialize the blockchain network. Before this, there was StrongBlock (STRONG). The latest was Prometeus (PROM). At this pace and because of auction models (for individuals and projects) enabling competitive bidding, it may soon be a preferred platform for Initial DEX offerings (IDOs).
  • BOT token has been listed in OKEx, Huobi Global, and Uniswap V2
  • Bounce Finance has been integrated in the Binance Smart Chain saving users of high Gas fees in Ethereum. 30 percent of the mining allocation (which is 15.36 BOT per day) will be allocated to Bounce’s Binance smart chain daily rewards, and this percentage can be changed by governance. Swapping fees will be 0.25 percent.
  • Bounce Finance is deflationary and has introduced a new emission model where daily rewards were slashed from 300 BOT to 150 BOT to later 32 BOT. With deflation there is demand which is bullish considering how the total supply was also dropped from 550,000 BOT to 150,000 BOT after a token distribution revamp in late Aug.

Long Term Price Catalysts

  • To drive demand for BOT, users can now create pools that are only available for BOT holders.
  • The co-founder–Chandler Song who is also the CEO of ANKR, is not motivated by money, but mostly wanted to see if they could build a new type of decentralized financial products. He is guided by a clear philosophy, building as DeFi scene evolves. There are no unrealistic roadmaps and he says depending on where the industry goes, Bounce Token will evolve and become more adaptable.
  • There is distribution and daily emission rates can be changed following a vote when the governance board is live. Eventually, the governance of the Bounce Finance will transit into a DAO as the creator also plans to reduce sale of tokens through the governance invitation sale. The first auction will see the auction of 15000 BOT tokens through multiple sealed-bid auctions with the floor swap ratio of 1 ETH=6 BOT. Subsequent sales will see funds channeled to the vault.
  • Bounce Finance is on a path to change how auctions work. They are simultaneously blending features in Uniswap and other leading swapping platforms but remains decentralized and attractive to all set of participants.
  • The Bounce Finance is not a money printer and doesn’t intend to print “free money” while also won’t lock user rewards for a protracted period of time. Instead, their dynamic BOT staking where transaction fees charged on pool creators are re-directed to a staking pool without affecting participants.
  • For effective governance, the Bounce Finance has incorporated two types of governance. Submission of proposals and voting can be done on-chain for transparency. Professionals who are part of the Bounce governance board include Kain Warwick, the founder of Synthetix, the head of strategy at compound, and other heavy weights in the DeFi scene.
  • To weed out scams and to highlight conflicting issues, the protocol is reliant on its community voices via a Social Trust.  Only those with at least one percent of the total supply can suggest proposals which can be voted on by the community with a seven-day voting period while those with at least 0.5 percent of the total supply can recommend projects. The 0.5 percent by the proposer will be staked for seven days.
  • The team is building a new auctioning framework where all manner of projects can sell their tokens as they wish. As such, the team plans to integrate a reporting system in which the governance board can give credibility to some projects and deter malicious elements from leveraging their auctioning system.
  • They are taming whale activity. To ensure fairness and decentralization in the spirit of DeFi, the founder initially passed a change that caps max swaps at 80 ETH. Any amount larger than this will be considered a single transaction. This way, the cost of transaction will be much higher for wash traders eager to only earn BOT rewards but not contribute to pool liquidity. Later, rewards will be based on the number of transactions, that is, transaction count, instead of total ETH.
  • The developer has also an anti-scam policy which is inevitable in decentralized, open source systems like the Bounce Finance. This goes a long way in improving user experience which is a net positive for DeFi as a whole.
  • Bounce Finance is guarded by always creating scarcity of resources, a factor that also influences price and a diversion from Uniswap’s model. By introducing time element and fixed volumes in every swapping cycle, there is competitiveness which in turn rewards hard work. That is, traders who use the platform to swap their tokens for others.
  • The creator continues to build and improve the protocol. From a basic interface, the platform’s interface is now more attractive, complex with advanced features such as portals where a pool creator can choose to open a pool for BOT holders.
  • Different auction pools have been released and Bounce Finance is gravitating towards Non-Fungible Tokens (NFTs) which are immensely potential and under-explored.