The crypto space is once again affected by the Middle Eastern war, and it’s time to withdraw funds from contracts and invest in new projects. This time, several new projects recommended by Odaily are expected to have airdrops, so participating early might yield airdrops of protocol tokens.
1、Felix
Introduction: Felix is the synthetic dollar stablecoin protocol (feUSD) on Hyperliquid L1, launched on the mainnet on April 8th. Users can deposit HYPE, PURR, as well as cross-bridge versions of BTC, ETH, and SOL as collateral to mint the dollar stablecoin feUSD. feUSD can be used for trading, saving, or payment purposes. Currently, the project's collateral assets have reached 150 million dollars.
How to participate: In addition, Felix also offers the Earn feature, allowing users to deposit feUSD into its stable pool to earn yields. Each vault corresponds to a specific collateral asset (HYPE, UBTC), and depositors will receive 75% of the interest generated by the supported debt in exchange for participating in automatic liquidation. Thus, vault deposits can earn feUSD yields and liquidation profits denominated in collateral, and further automate the compounding of liquidation gains.
Felix also has a points system, where you can earn extra points by trading and inviting users (the current points ranking continues to 1307, indicating that the number of participants is not very high). If needed, you can click on my "invitation link" to participate.
2. Resupply
Introduction: Resupply is a decentralized stablecoin backed by collateralized debt positions (CDPs), earning returns by leveraging the liquidity and stability of the lending market. It is a sub-DAO protocol supported by Convex Finance and Yearn.
How to participate: Users can choose crvUSD/frxUSD provided by the Curve Lend/Fraxlend market, deposit it into the Resupply official website, and borrow reUSD. They can also perform leveraged operations to cycle borrowing and depositing, ensuring to borrow more reUSD.
Deposit reUSD into the insurance pool to maintain protocol security, and you will receive a portion of the protocol's revenue as well as RSUP token allocation.
You can also deposit some tokens into Convex Finance and Yearn to provide liquidity and earn high APY.
3, Meridian
Introduction: Meridian is a DEX and staking protocol built on Movement.
How to participate: You can increase your ranking by boosting swap trading volume. Currently, the Docs do not have information related to airdrops and tokens, but there is an Eligibility section on the ranking interface, which may represent eligibility for future airdrop rewards.
Currently, the APR of the first three pools of this protocol exceeds 20%, as shown in the figure below.
4、Vest
Introduction: Vest is an on-chain contract DEX built on the zkRisk pricing engine tool. zkRisk continuously monitors individual positions, account balances, and systemic risks of all products within the Vest ecosystem, dynamically adjusting pricing to prevent market manipulation and violations, ensure stable and predictable liquidity, reduce hidden trading costs, and prevent socialized losses and automatic deleveraging, which are extremely important for Perp DEX.
How to participate: Vest currently supports Arbitrum One, Base, Ethereum, OP mainnet, Polygon, and ZKsync mainnet. Users need to deposit via the network to trade, with a maximum leverage of 50 times. In March, the platform launched the first season of Vest Points activity rewards for early adopters and active traders, which will distribute points based on user trading and LP.
In addition, users can also earn points through referral codes, which can be obtained after depositing with the referral code.
5、Plastic Labs
Introduction: Plastic Labs is an AI identity solution dedicated to solving personal identity issues for artificial intelligence. It previously announced the completion of a $5.35 million pre-seed funding round in April, led by Variant, White Star Capital, and Betaworks. Currently, Plastic Labs has launched three products, namely:
Honcho: A personalized platform aimed at artificial intelligence applications, currently in the private server phase.
YouSim: An open-source CLI (text adventure) game, now available for users to simulate any identity during gameplay.
Bloom: An artificial intelligence learning companion based on theory of mind, open-sourced in the form of Tutor-GPT, will be rebooted soon.
How to participate: The three projects can only be used as a way to experience AI, and are unlikely to issue tokens or airdrops. However, they can be used for training AI-assisted trading and analysis, or as casual mini-games.
6, cap
Introduction: Cap is a stablecoin protocol that completed a $11 million seed round of financing in April, co-led by Franklin Templeton and Triton Capital.
Interested readers can check out: "From Human Decision-Making to Code Governance: How the Third Type of Stablecoin Can Achieve Self-Sustaining Returns?"
How to participate: Cap will launch the stablecoin cUSD and stcUSD (the staked version of cUSD). Deposit the stablecoin Mint cUSD, and stake to obtain stcUSD. stUSD can earn automatic compound interest generated by the Cap operating network, and the earnings can be redeemed at any time. The website currently has a testnet, but it is not yet complete, so you can keep an eye on it.
7、Wunder
Introduction: Wunder is a social protocol aimed at reshaping social media by using blockchain technology to verify social media users, thereby eliminating bots and sharing advertising revenue with users.
How to participate: Register on the platform, claim your username and profile, frequently post to earn token rewards, and the platform will directly distribute 50% of advertising revenue to users and creators (40% to users). Additionally, you can refer users to earn rewards, and in the future, you can also stake tokens to increase earnings.
Previously, Wunder mentioned on X that they would launch a token on Base in May, but currently there is no reliable WUNDER token pool on Base.
8, Yupp
Introduction: Yupp is an AI blockchain training platform that integrates multiple large AI models. It has previously completed a $33 million seed round financing, led by a16z.
How to participate: Users can register their accounts and ask questions. The platform will provide two filtered best answers, and users can choose their favorite answer and give feedback (e.g., which AI provided a clearer, more logical, faster, or more diverse answer). Feedback can help train the AI model. After the first feedback, users can earn 5000 credits, and for each subsequent question, they can earn a corresponding number of credits. Credits can be withdrawn, with 1000 credits equal to 1 dollar (Chinese users may need KYC). This can be used as a daily AI tool to obtain answers while also earning money (it started to gain popularity last weekend, and the platform experienced some lag).
Today's recommendation mainly involves making a deposit to earn airdrops, which requires paying a certain amount of funds. Please ensure proper risk control.
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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Interactive Tutorial | 8 New Projects Worth Following Recently
Original | Odaily Daily Report (@OdailyChina)
Author｜CryptoLeo（@LeoAndCrypto）
The crypto space is once again affected by the Middle Eastern war, and it’s time to withdraw funds from contracts and invest in new projects. This time, several new projects recommended by Odaily are expected to have airdrops, so participating early might yield airdrops of protocol tokens.
1、Felix
Introduction: Felix is the synthetic dollar stablecoin protocol (feUSD) on Hyperliquid L1, launched on the mainnet on April 8th. Users can deposit HYPE, PURR, as well as cross-bridge versions of BTC, ETH, and SOL as collateral to mint the dollar stablecoin feUSD. feUSD can be used for trading, saving, or payment purposes. Currently, the project's collateral assets have reached 150 million dollars.
How to participate: In addition, Felix also offers the Earn feature, allowing users to deposit feUSD into its stable pool to earn yields. Each vault corresponds to a specific collateral asset (HYPE, UBTC), and depositors will receive 75% of the interest generated by the supported debt in exchange for participating in automatic liquidation. Thus, vault deposits can earn feUSD yields and liquidation profits denominated in collateral, and further automate the compounding of liquidation gains.
Felix also has a points system, where you can earn extra points by trading and inviting users (the current points ranking continues to 1307, indicating that the number of participants is not very high). If needed, you can click on my "invitation link" to participate.
2. Resupply
Introduction: Resupply is a decentralized stablecoin backed by collateralized debt positions (CDPs), earning returns by leveraging the liquidity and stability of the lending market. It is a sub-DAO protocol supported by Convex Finance and Yearn.
How to participate: Users can choose crvUSD/frxUSD provided by the Curve Lend/Fraxlend market, deposit it into the Resupply official website, and borrow reUSD. They can also perform leveraged operations to cycle borrowing and depositing, ensuring to borrow more reUSD.
Deposit reUSD into the insurance pool to maintain protocol security, and you will receive a portion of the protocol's revenue as well as RSUP token allocation.
You can also deposit some tokens into Convex Finance and Yearn to provide liquidity and earn high APY.
3, Meridian
Introduction: Meridian is a DEX and staking protocol built on Movement.
How to participate: You can increase your ranking by boosting swap trading volume. Currently, the Docs do not have information related to airdrops and tokens, but there is an Eligibility section on the ranking interface, which may represent eligibility for future airdrop rewards.
Currently, the APR of the first three pools of this protocol exceeds 20%, as shown in the figure below.
4、Vest
Introduction: Vest is an on-chain contract DEX built on the zkRisk pricing engine tool. zkRisk continuously monitors individual positions, account balances, and systemic risks of all products within the Vest ecosystem, dynamically adjusting pricing to prevent market manipulation and violations, ensure stable and predictable liquidity, reduce hidden trading costs, and prevent socialized losses and automatic deleveraging, which are extremely important for Perp DEX.
How to participate: Vest currently supports Arbitrum One, Base, Ethereum, OP mainnet, Polygon, and ZKsync mainnet. Users need to deposit via the network to trade, with a maximum leverage of 50 times. In March, the platform launched the first season of Vest Points activity rewards for early adopters and active traders, which will distribute points based on user trading and LP.
In addition, users can also earn points through referral codes, which can be obtained after depositing with the referral code.
5、Plastic Labs
Introduction: Plastic Labs is an AI identity solution dedicated to solving personal identity issues for artificial intelligence. It previously announced the completion of a $5.35 million pre-seed funding round in April, led by Variant, White Star Capital, and Betaworks. Currently, Plastic Labs has launched three products, namely:
Honcho: A personalized platform aimed at artificial intelligence applications, currently in the private server phase.
YouSim: An open-source CLI (text adventure) game, now available for users to simulate any identity during gameplay.
Bloom: An artificial intelligence learning companion based on theory of mind, open-sourced in the form of Tutor-GPT, will be rebooted soon.
How to participate: The three projects can only be used as a way to experience AI, and are unlikely to issue tokens or airdrops. However, they can be used for training AI-assisted trading and analysis, or as casual mini-games.
6, cap
Introduction: Cap is a stablecoin protocol that completed a $11 million seed round of financing in April, co-led by Franklin Templeton and Triton Capital.
Interested readers can check out: "From Human Decision-Making to Code Governance: How the Third Type of Stablecoin Can Achieve Self-Sustaining Returns?"
How to participate: Cap will launch the stablecoin cUSD and stcUSD (the staked version of cUSD). Deposit the stablecoin Mint cUSD, and stake to obtain stcUSD. stUSD can earn automatic compound interest generated by the Cap operating network, and the earnings can be redeemed at any time. The website currently has a testnet, but it is not yet complete, so you can keep an eye on it.
7、Wunder
Introduction: Wunder is a social protocol aimed at reshaping social media by using blockchain technology to verify social media users, thereby eliminating bots and sharing advertising revenue with users.
How to participate: Register on the platform, claim your username and profile, frequently post to earn token rewards, and the platform will directly distribute 50% of advertising revenue to users and creators (40% to users). Additionally, you can refer users to earn rewards, and in the future, you can also stake tokens to increase earnings.
Previously, Wunder mentioned on X that they would launch a token on Base in May, but currently there is no reliable WUNDER token pool on Base.
8, Yupp
Introduction: Yupp is an AI blockchain training platform that integrates multiple large AI models. It has previously completed a $33 million seed round financing, led by a16z.
How to participate: Users can register their accounts and ask questions. The platform will provide two filtered best answers, and users can choose their favorite answer and give feedback (e.g., which AI provided a clearer, more logical, faster, or more diverse answer). Feedback can help train the AI model. After the first feedback, users can earn 5000 credits, and for each subsequent question, they can earn a corresponding number of credits. Credits can be withdrawn, with 1000 credits equal to 1 dollar (Chinese users may need KYC). This can be used as a daily AI tool to obtain answers while also earning money (it started to gain popularity last weekend, and the platform experienced some lag).
Today's recommendation mainly involves making a deposit to earn airdrops, which requires paying a certain amount of funds. Please ensure proper risk control.