Thread: 12 Protocols That May Shine Light On The Future Of Defi
🧵
So while 2022 has been the year of bear market carnage thus far, there’s been some pretty intense building going on within defi, with lots of interesting implications…
1/x
🧵
So while 2022 has been the year of bear market carnage thus far, there’s been some pretty intense building going on within defi, with lots of interesting implications…
1/x
As a result, I wanted to do a thread on 12 protocols that I think shed light on the future of defi…
Note: These are just my random thoughts- and I am just a dumb ape and could be totally wrong- so would love to hear your thoughts on the question as well!
Here they are:
2/x
Note: These are just my random thoughts- and I am just a dumb ape and could be totally wrong- so would love to hear your thoughts on the question as well!
Here they are:
2/x
One: @DebondProtocol – Bonds As Defi Money Lego’s
So... Debond has created the new ERC-3475 programmable + tradable ‘bond tokens’. Here is a thread from them explaining how they work.
3/x
So... Debond has created the new ERC-3475 programmable + tradable ‘bond tokens’. Here is a thread from them explaining how they work.
3/x
That this involves a whole new type of ERC token, + the massive addressable market of on-chain bonds, seems quite significant, and as a new ‘money lego’ it is very exciting to think about the implications (see Haym's great thread below!).
4/x
4/x
Two: @LensProtocol - Decentralized Social Media
This concept has been a popular topic of conversation for years now, as we have all witnessed the descent of big tech into censorship, however Lens seems to be the first example of it that is really catching traction.
5/x
This concept has been a popular topic of conversation for years now, as we have all witnessed the descent of big tech into censorship, however Lens seems to be the first example of it that is really catching traction.
5/x
My friend @CurveCap recently created an account on it after running into the above ‘issues’ here on Twitter (see below).
Highly recommend following him here and also creating a Lens account (as I plan to do soon!) and following him there as well:
6/x
Highly recommend following him here and also creating a Lens account (as I plan to do soon!) and following him there as well:
6/x
Three: @maplefinance – Institutional Adoption
If you believe that defi rails will increasingly overtake tradfi ones (as I do) then Maple seems to shine a bright light on this trend.
Maple is essentially a marketplace for undercollateralized lending to large (cont)..
7/x
If you believe that defi rails will increasingly overtake tradfi ones (as I do) then Maple seems to shine a bright light on this trend.
Maple is essentially a marketplace for undercollateralized lending to large (cont)..
7/x
...established borrowers, and is explicitly focused on serving the vast TAM of institutional capital seeking to utilize the superior tech that is defi.
Here’s a great thread of threads on the protocol that @maplefinance curated:
8/x
Here’s a great thread of threads on the protocol that @maplefinance curated:
8/x
Four: @APWineFinance - Yield Derivatives
Tradfi has literally quadrillions of dollars in derivatives cooked up at any given time, and yield derivatives are a significant part of this.
9/x
Tradfi has literally quadrillions of dollars in derivatives cooked up at any given time, and yield derivatives are a significant part of this.
9/x
Hence, as tradfi and defi converge more and more, protocols like this should grow dramatically.
Below is a great thread from @APWineFinance on this.
(Some other notable protocols in this area include @Timeless_Fi, also @pendle_fi)
10/x
Below is a great thread from @APWineFinance on this.
(Some other notable protocols in this area include @Timeless_Fi, also @pendle_fi)
10/x
Five: Sudoswap - Unlocking NFT's As Core Internet Technology
@sudoswap has been getting a lot of attention recently and rightfully so.
As an “NFT AMM” it has significantly altered the sales/liquidity landscape for NFT’s.
11/x
@sudoswap has been getting a lot of attention recently and rightfully so.
As an “NFT AMM” it has significantly altered the sales/liquidity landscape for NFT’s.
11/x
I think this is of significance because I believe NFT’s will begin to move far beyond art (though that will stick around), and become an increasingly important “base layer technology” of both defi and the internet.
Great thread on this below:
12/x
Great thread on this below:
12/x
Six: @berachain - More Efficient Chain And/Or Liquidity Architecture
While I am bearish on the “L1 Rotation Trade”, it does make sense that we will see increasingly sophisticated designs emerge to maximize their efficiency/liquidity/etc.
13/x
While I am bearish on the “L1 Rotation Trade”, it does make sense that we will see increasingly sophisticated designs emerge to maximize their efficiency/liquidity/etc.
13/x
@berachain seems to be doing some interesting stuff in this regard, re: their “Proof Of Liquidity” concept and other innovations.
Here is an excellent thread from @burstingbagel breaking it down:
14/x
Here is an excellent thread from @burstingbagel breaking it down:
14/x
Seven: @Jarvis_Network – Everybody Needs Stablecoins
If- as I believe- stablecoins will increasingly be used by everyday citizens in countries across the globe, then Jarvis very much represents the attempt to serve this market (cont)...
15/x
If- as I believe- stablecoins will increasingly be used by everyday citizens in countries across the globe, then Jarvis very much represents the attempt to serve this market (cont)...
15/x
...in that they have focused on providing stablecoins for a large number of currencies, as well as fiat on/off ramps for normal folks to use accessing them.
For more info on @Jarvis_Network would recommend following their Twitter account below:
16/x
For more info on @Jarvis_Network would recommend following their Twitter account below:
16/x
Eight: @fraxfinance - Stablecoins Eat The World
Again, I think stablecoins are the rocket fuel of defi (see below thread), and I think Frax best represents the potential overarching dominance of stablecoins as primary defi “element”.
17/x
Again, I think stablecoins are the rocket fuel of defi (see below thread), and I think Frax best represents the potential overarching dominance of stablecoins as primary defi “element”.
17/x
As Frax founder @samkazemian has discussed (see below), Frax is attempting to fully embrace the ‘trillion-dollar narrative’ stablecoins represent, and their team has been doing some insane building as of late towards accomplishing that.
18/x
18/x
Nine: @GainsNetwork_io - Synthetics
I’ve long thought synthetic versions of non-crypto assets are one of the most natural uses of blockchain technology vis a vis absorbing tradfi, and it obviously overlaps a lot with the stablecoin and yield derivative phenomena too.
19/x
I’ve long thought synthetic versions of non-crypto assets are one of the most natural uses of blockchain technology vis a vis absorbing tradfi, and it obviously overlaps a lot with the stablecoin and yield derivative phenomena too.
19/x
There’s a number of protocols one could pick as representative of this (@float_shipping, @deusdao, @GMX_IO is getting into synthetics, etc) but Gains has been focused solely on synthetics from the start and had significant success so far.
20/x
20/x
Ten: @Bond_Protocol - Protocol Owned Liquidity
The last year has clearly demonstrated the issues with a) protocols keeping their entire treasury in their own token, and b) mercenary yield farming.
To wit, POL is becoming more and more standard.
21/x
The last year has clearly demonstrated the issues with a) protocols keeping their entire treasury in their own token, and b) mercenary yield farming.
To wit, POL is becoming more and more standard.
21/x
@Bond_Protocol (a spin-off of Olympus Pro from $OHM) has been applying intense focus to serving this need and building out infrastructure to aid protocols in this regard.
Here’s a great thread breaking down what they’re doing:
22/x
Here’s a great thread breaking down what they’re doing:
22/x
Note: Thread continues below (if you don't see anything after this just click this tweet and then scroll down).
⬇️ ⬇️ ⬇️
23/x
⬇️ ⬇️ ⬇️
23/x
Click below embedded tweet to continue thread:
24/x
24/x
Loading suggestions...