Upcoming Tokens 10 New Projects to Watch
Upcoming Tokens 10 New Projects to Watch
Crypto KOL Sergio Gallardo shared 10 new (uncoined) projects coming online on his social media platform, which BlockBeats translated and organized as follows.
IVX
IVX is an options AMM built on GMX, enabling users to trade options with LP as counterparty. AMM will accumulate exposure to the underlying Token through GMX to maintain a delta neutral position. The protocol will be available on Arbitrum in January.
DYAD
DYAD is building an over-collateralized Stablecoin backed by ETH. dNFT holders can mint DYAD by depositing ETH as collateral and from a vault of standing re-balance. 1 DYAD can always be exchanged for $1 ETH. a test network is expected to be launched soon.
Contango
Contango allows users to trade expirable contracts without an AMM or order book. Its liquidity comes from fixed rate agreements such as Yield Protocol and Notional Finance. A public beta version will be available on Arbitrum in a few days.
Monad
Founded by Jump Trading's former high-frequency trading team, the project is an EVM-compatible Layer1 PoS blockchain. monad is capable of tps up to 10,000 through parallel execution technology. v0 version will be available in summer 2023.
GammaSwap
The project is a decentralized trading platform that allows users to go long or short volatility. LPing means shorting volatility. LPers can deposit their LPs to earn returns, while traders who want to go long on volatility can borrow an LP position and break up the pair. Coming soon.
nftperp.xyz
The protocol is a perpetual futures DEX for NFT and allows traders to go long or short against the floor price of different NFT collections with up to 5x leverage. nftperp uses vAMM, which means there is no order book or LP. the protocol was just released in beta 2 weeks ago.
Aevo
Aevo is an options trading platform based on an order book model, built by Ribbon Finance in a custom rollup on Ether. Aevo is currently in beta and is expected to launch in Q1 2023.
Panoptic
Panoptic is a perpetual options protocol that uses Uni v3 LP positions to trade long and short options. panoptic recreates options such as returns in a point-to-pool model without relying on Black Scholes logic.
rysk finance
rysk aims to provide products that generate returns in all market conditions. It relies on a dynamic hedge vault (DHV) built on opyn² to generate delta-neutral yields for LPs. The protocol is currently running as a private beta on Arbitrum.
Perennial Labs
Perennial is a derivatives protocol that allows the creation of bilateral markets where the underlying asset feeds the price exposure as the underlying. perennial acts as a peer-to-peer pool derivative AMM. perennial runs on ethereum and will be launched on L2s in the near future.
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