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A look at the 5 DeFi projects worth watching this week
深潮TechFlow
特邀作者
2024-08-07 12:00
This article is about 737 words, reading the full article takes about 2 minutes
The first opportunity to earn money this week is Bracket, a platform designed to increase returns on liquid staking and liquid re-staking tokens.

Original author: HANGRY

Original translation: TechFlow

Good morning, humble enthusiasts!

While the market may be volatile, we’ve got some new farms to help lift your spirits.

Here is this week's humble post.

1. Bracket

The first opportunity to earn money this week is Bracket, a platform designed to increase returns on liquid staking and liquid re-staking tokens.

Bracket has just been launched on the mainnet, and you can earn Bars, ETH earnings, and LRT points by depositing.

To start earning yield, simply deposit the Liquid Stake or Liquid Re-Stake token of your choice.

You can get a variety of point bonuses, and if you deposit now, you will get a 200% point bonus.

2. Elixir

Next up is Elixir, a modular network designed to drive liquidity across DeFi.

We mentioned Elixir before, and they just announced a new 10-week points campaign for their new deUSD stablecoin.

Elixir takes an approach similar to the Ethena stablecoin, deUSD is a native yield-generating stablecoin that leverages stETH, sDAI, and funding rate arbitrage.

Holders can use deUSD stablecoins for staking or providing liquidity to earn yield and points.

3. Avantis

Next up for the farm this week is Avantis, a perpetual exchange on Base that supports RWAs as well as a variety of tokens.

Avantis is currently running a points program for traders, liquidity providers and referrals.

Depending on your risk tolerance, users can choose to deposit at the Junior or Senior level to earn interest in USDC.

Although they are almost full to capacity, this is a perfect place to park your stablecoins while earning XP.

4. Smilee

Next up is Smilee, a volatility trading platform that enables users to trade long/short on assets with high leverage.

In addition to being deployed on Arbitrum, Smilee has just been launched on the Berachain bArtio testnet.

Smilee is a beneficiary of the latest round of ARB incentives, and the current returns from providing liquidity are considerable.

As you can see, liquidity providers can earn double or even triple digit returns depending on the trading pair they choose.

5. Flat Money

The final opportunity of the week is Flat Money, a capital efficient flat coin backed by rETH.

Flat Money is essentially a decentralized Ethena, where the protocol captures funds and staking returns by hedging its own perpetual exchange.

By minting UNIT, you can earn fees paid by rETH leveraged traders on Flat Money Exchange, with returns typically between 20-30% APY.

On the other hand, traders can access ETH perpetual contracts at extremely low funding rates while earning points.

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