More Crowdsourced Research! This time DeFi specific

Following on from this last thread I’d like to take a look at a sub category of Web 3.0 Builders and Makers.

This time it’s specific to teams and projects building decentralised finance products, services, and communities.

Let’s make a list of those that spring to mind. Who are the pioneers leading the way? Who is trying to solve the same problems of digital currencies that, say, our DBCs might also be a solution for?

Brainstorming here, there are no wrong answers…

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Particular interesting to me are those that are building for bridges to the traditional economy, or cross protocol.

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via Google Bard:

  • Aave is an open-source protocol and non-custodial liquidity protocol that allows users to earn interest on their crypto assets or borrow them against collateral. Aave has partnered with several traditional financial institutions, including the European Investment Bank, to provide liquidity to the DeFi market.
  • Compound is an open-source protocol that allows users to lend and borrow assets without the need for a centralized intermediary. Compound has partnered with several traditional financial institutions, including the World Economic Forum, to explore the potential of DeFi to improve financial inclusion.
  • MakerDAO is a decentralized autonomous organization (DAO) that issues the Dai stablecoin, which is pegged to the US dollar. MakerDAO has partnered with several traditional financial institutions, including the Bank of America, to provide liquidity to the DeFi market.
  • Uniswap is a decentralized exchange that allows users to trade cryptocurrencies without the need for a centralized intermediary. Uniswap has partnered with several traditional financial institutions, including the New York Stock Exchange, to explore the potential of DeFi to improve market efficiency.
  • Synthetix is a decentralized protocol that allows users to mint synthetic assets, which are tokens that track the price of real-world assets. Synthetix has partnered with several traditional financial institutions, including the Chicago Mercantile Exchange, to provide access to DeFi markets to institutional investors.
  • Yearn Finance is a yield aggregator that automatically compounds interest on users’ crypto assets. Yearn Finance has partnered with several traditional financial institutions, including the Grayscale Investments, to provide access to DeFi markets to accredited investors.
  • Balancer is a decentralized exchange that allows users to trade cryptocurrencies with different risk profiles. Balancer has partnered with several traditional financial institutions, including the Fidelity Investments, to explore the potential of DeFi to improve portfolio diversification.
  • Curve Finance is a decentralized exchange that specializes in stablecoin trading. Curve Finance has partnered with several traditional financial institutions, including the Binance, to provide liquidity to the DeFi market.
  • SushiSwap is a decentralized exchange that offers a variety of features, including yield farming, liquidity mining, and token swaps. SushiSwap has partnered with several traditional financial institutions, including the Kraken, to provide access to DeFi markets to retail investors.
  • PancakeSwap is a decentralized exchange that is built on the Binance Smart Chain. PancakeSwap has partnered with several traditional financial institutions, including the Huobi, to provide access to DeFi markets to Asian investors.
  • Mochiswap is a decentralized exchange that is built on the Arbitrum One network. Mochiswap has partnered with several traditional financial institutions, including the Crypto.com, to provide access to DeFi markets to European investors.
  • BadgerDAO is a decentralized autonomous organization (DAO) that invests in DeFi protocols. BadgerDAO has partnered with several traditional financial institutions, including the Grayscale Investments, to provide access to DeFi markets to accredited investors.
  • Alchemix is a decentralized protocol that allows users to borrow against their future yield. Alchemix has partnered with several traditional financial institutions, including the Celsius Network, to provide access to DeFi markets to retail investors.
  • RenVM is a decentralized protocol that allows users to transfer assets between different blockchains. RenVM has partnered with several traditional financial institutions, including the Binance, to provide access to DeFi markets to Asian investors.
  • Immutable X is a layer-2 scaling solution for Ethereum that is specifically designed for NFTs. Immutable X has partnered with several traditional financial institutions, including the GameStop, to bring NFTs to the mainstream.
  • StarkWare is a company that developszk-SNARKs, which are a type of cryptographic proof that can be used to verify transactions on a blockchain without revealing the underlying data. StarkWare has partnered with several traditional financial institutions, including the Microsoft, to explore the potential of DeFi to improve data privacy.
  • Polygon is a layer-2 scaling solution for Ethereum that uses sidechains to improve scalability and performance. Polygon has partnered with several traditional
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https://axelar.network/

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Tether (is on a lot of blockchains btc, eth, stellar etc)
Dai
USDC
Moneygram/Stellar (closest to traditional eco)

Chainlink
THORChain
Moonbeam

This is just a silly idea, because I’m clueless to how things will actually work, but imagine.
Imagine if I wanted to create 1 Tether DBC, but it’s the actual SAFE DBC that will change (temporarily can’t be used to pay transaction fees anymore). Now if I wanted 1.000,00 Tether to represent the decimals, I would have to change 100000 nano’s for that etc. This also serves a double purpose, because if the dollar would become obsolete you would still have the 100000 nano’s that you can change back.

Migration wise, bitcoin and Ethereum 64 characters privkey can be used on both blockchains. Would be fun, if migrating from blockchain to SAFENet could be as easy as importing a privkey. Likewise every crypto on both chains and other with the format could be migrated.

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I asked ChatGPT for all of the relevant web 3.0 projects as of May 2023. None of these answers will be a surprise.

Could I please have a list of all important web 3.0 projects that are being worked on?

ChatGPT

As of May 2023, several important Web 3.0 projects are being worked on. Web 3.0 refers to the next generation of the internet that aims to decentralize various aspects of online interactions, utilizing blockchain technology and decentralized protocols. Here are some notable projects:

  1. Polkadot: Polkadot is a multi-chain network that enables different blockchains to interoperate and share information. It aims to provide scalability, security, and customizability to decentralized applications (dApps).
  2. Ethereum 2.0: Ethereum, one of the most well-known blockchain platforms, is undergoing a major upgrade known as Ethereum 2.0. This upgrade aims to improve scalability, security, and energy efficiency of the network, thereby supporting a larger number of transactions and dApps.
  3. Filecoin: Filecoin is a decentralized storage network that allows users to rent out their unused storage space and earn Filecoin cryptocurrency in return. It aims to create a decentralized, efficient, and secure storage solution for various applications.
  4. Polymath: Polymath is a blockchain platform that focuses on security token offerings (STOs) and aims to provide a regulatory-compliant framework for issuing and managing tokenized securities. It aims to bridge the traditional finance world with blockchain technology.
  5. Dfinity: Dfinity is a blockchain project that aims to create a decentralized “Internet Computer.” It intends to provide a scalable and secure platform for hosting decentralized applications with smart contract functionality.
  6. Cosmos: Cosmos is an interoperable blockchain network that allows different blockchains to connect and communicate with each other. It aims to enable the transfer of assets and data across different blockchains, fostering interoperability in the decentralized ecosystem.
  7. Avalanche: Avalanche is a platform designed for launching and running decentralized applications and custom blockchains. It aims to provide high throughput, low latency, and scalability while maintaining decentralization and security.
  8. Chainlink: Chainlink is a decentralized oracle network that connects smart contracts with real-world data and external APIs. It aims to provide reliable and tamper-proof data inputs to decentralized applications, enhancing their functionality.
  9. Tezos: Tezos is a self-amending blockchain platform that allows for on-chain governance and formal verification of smart contracts. It aims to provide a secure and upgradable infrastructure for decentralized applications and digital assets.
  10. Arweave: Arweave is a decentralized storage network that utilizes blockchain technology to create a permanent and censorship-resistant archive of web content. It aims to preserve data and ensure its availability for future generations.
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Is ChatGPT not still hitting the 2021 cut-off?

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What I’m interested really are teams and communities building ontop of these BTW

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This is really a forest and the further you look back the more dead trees you come across

From Tezos eco
https://tezos.com/ecosystem

Dev conferences can also give a hint

ChatGPT might give some result on with browser feature
Active blockchain communities

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