Monad Madness Highlights: A Quick Look at 13 Innovative DeFi Projects

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4 hours ago

Author: Keone Hon ⨀

Compiled by: Deep Tide TechFlow

PART 1

The TowneSquarexyz team has significantly accelerated the onboarding speed of applications in the Monad ecosystem through Dapp abstraction technology. Their demonstration video clearly contrasts the onboarding process with and without Townesquare, showing a stark difference. In addition to their clear vision, I also appreciate the team's thoughtful consideration and fighting spirit.

LEVR_bet is bringing leveraged sports betting to reality. Leveraged sports betting allows users to place bets with up to 5x leverage; this leverage comes from real-time monitored odds, and if the odds drop too much, the position will be liquidated. Real-time risk management (and the possibility of liquidation) enhances the appeal and engagement of this model.

chippedsocial has launched press-on nails with NFC chips. They are developing in a massive market worth $1 billion, successfully attracting significant attention (3 million exposures) in a field that rarely considers female consumers. I appreciate the product's expansion potential as it involves decentralized identity, network creation, and biohacking, while already establishing a foothold in a highly viral and profitable niche market.

Hyperplex_xyz is developing a more capital-efficient and multifunctional AMM, allowing users to earn higher yields by discovering opportunities to lend assets to other protocols through the system. Their presentation is concise and powerful, successfully conveying its value to end users.

particleink is creating a virtual world through AR technology, generating rich interactions and gamified experiences between us and the residents of that world. The diverse game modes and exquisite visual effects immerse users. I love this open gameplay and the many unique innovations in user acquisition and feature expansion.

DrakeExchange is developing a one-click perpetual contract DEX that combines a hybrid order book and AMM model to challenge the monopoly of CEX. The team quickly rolled out new features such as order expiration, margin collateral swaps, and stablecoins for funding rate arbitrage, creating a feature-rich and smooth trading interface.

AccountableData is developing tools to enhance the security of bilateral loans and custodianship through proof of reserves and precise tracking of collateral and liabilities. The team utilizes the latest technology (currently TEE, with plans to add ZKP) to securely monitor assets across different exchanges and counterparties. I appreciate their efforts (having developed 36 custom adapters) and the high alignment of the founder with the market; CEO Wojtek previously launched a credit department at Maven 11 and issued $1 billion in loans during the last bull market.

CadenceProtocol (Symphony) is building a one-click cross-chain perpetual contract aggregator. Users submit orders on one chain, which are split into multiple sub-orders executed by solvers across different exchanges or chains. Symphony provides users with AA wallets on each chain to ensure complete control over their positions on each chain, while the aggregation tool allows users to manage positions individually or collectively. I appreciate the team's thoughtful consideration of user experience.

ammalgam is developing a decentralized lending exchange (DLEX) that combines AMM and lending protocols. In addition to optimizing LP yields through lending opportunities, Ammalgam also offers innovative payment structures through preset strategies. I admire the team's ability to build practical payment models using mathematics.

Plato2Earn is creating a gamified dining experience that allows diners, restaurants, and network participants to profit. Diners visiting local businesses can earn rewards; businesses can gain user and purchase data; and loyal users of Plato can stake on the success of restaurants. I love this project's unique perspective, and Plato is entering a massive market while effectively promoting itself within the community.

InfPools offers leveraged trading with no liquidation risk, using a UniV3-style liquidity provision (LP) model that allows LPs to sell the right to exchange assets at a fixed price. This model enables borrowers to support their leveraged positions by paying funding rates, thus eliminating liquidation risk. I appreciate the team's clear vision and determination to focus on execution over the past two years.

rethinkablexyz (IntroLink) helps users in the crypto space significantly enhance business development (BD) by creating and providing networking introductions. I admire the team's rapid development capabilities; they launched their own Telegram app within weeks, and I see various potentials in BD and recruitment.

Stay tuned for Part 2!

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