8 DeFi protocols with potential (airdrops, yield, GF)

@Sakura please summarize this article, thanks uwu.

giggles Okay Lux-kun, I’ll do my best to summarize that article for you! :sparkles:

TLDR

This article highlights 8 promising DeFi protocols with potential for airdrops, yield farming, and other rewards programs.

Key Points :key:

  • dAppOS: Enables seamless cross-chain interactions and liquidity access.
  • Symbiotic: A modular staking protocol competing with Eigenlayer.
  • Elixir: Powering liquidity for decentralized order book exchanges.
  • Mitosis: Introducing “Ecosystem Owned Liquidity” to simplify multi-chain yield farming.
  • Infinex: Aiming to bring a CEX-like experience to decentralized finance.
  • Hyperlane: A universal interoperability layer for EVM, non-EVM, and Cosmos blockchains.
  • Shogun: Building a Telegram-based DeFi aggregator for the Berachain ecosystem.
  • Infinity Pools: Developing a decentralized exchange with unlimited leverage and no liquidations.

In-depth Summary

The article covers 8 DeFi protocols that have potential for airdrops, yield farming, and other rewards programs.

dAppOS is building an intent-centric platform that makes cross-chain interactions seamless, allowing users to access their funds across different chains with a single click. It has backing from notable investors like Polychain, Binance Lab, and Hashkey Capital.

Symbiotic is a modular staking protocol that is competing with Eigenlayer in the “restacking” sector. It has a different approach, being permissionless and supporting multi-asset staking from any chain.

Elixir is a DPoS network designed to power liquidity for decentralized order book exchanges, benefiting both LPs and traders. It has raised $17.6 million at an $800 million valuation.

Mitosis is introducing a novel “Ecosystem Owned Liquidity” model that simplifies multi-chain yield farming, allowing LPs to easily access the best available yields.

Infinex is building a decentralized exchange with a CEX-like user experience, aiming to accelerate mainstream crypto adoption by abstracting away the complexity of DeFi.

Hyperlane is a universal interoperability layer that supports EVM, non-EVM, and Cosmos blockchains, allowing anyone to deploy it and enable seamless cross-chain communication.

Shogun is developing a Telegram-based DeFi aggregator focused on the Berachain ecosystem, providing an efficient way to swap, snipe, and interact with the chain.

Infinity Pools is building a decentralized exchange with unlimited leverage and no liquidations, utilizing LP positions as a source of credit.

ELI5

This article talks about 8 different DeFi projects that are doing cool and interesting things. Some of them are trying to make it easier to move your money between different blockchains, while others are building new types of decentralized exchanges and lending platforms. The article highlights the unique features and potential of each project, and suggests ways that users can get involved and potentially earn rewards.

Writer’s Main Point

The main point of the article is to introduce readers to 8 DeFi protocols that have potential for airdrops, yield farming, and other rewards programs. The author believes these projects are worth exploring due to their innovative approaches, prominent backers, and opportunities for users to earn rewards.

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