Original | Odaily (@OdailyChina）
Author | CryptoLeo (@LeoAndCrypto）
The crypto market is once again affected by the Middle East war, and it's time to withdraw funds from contracts and invest in new projects. Among the new projects recommended by Odaily this time, several have potential airdrops, and early participation may result in protocol token airdrops.
1、Felix
Introduction: Felix is a synthetic dollar stablecoin protocol (feUSD) on Hyperliquid L1, launched on the mainnet on April 8th. Users can deposit HYPE, PURR, and cross-bridge versions of BTC, ETH, SOL as collateral to mint the feUSD stablecoin. feUSD can be used for trading, saving, or payment. Currently, the project's collateral assets reach $150 million.
How to Participate: Felix also offers an Earn feature where users can deposit feUSD in its stable pool to earn returns. Each vault corresponds to a specific collateral asset (HYPE, UBTC), and depositors will receive 75% of the interest generated by the debt they support, in exchange for participating in automatic liquidation. Therefore, vault deposits can earn feUSD returns and liquidation profits denominated in collateral, and further automate the compounding of liquidation earnings.
Felix also has a points system, where users can earn additional points through trading and inviting users (current point rankings continue to 1307, indicating not many participants). If interested, you can click on my "invitation link" to participate.
2、Resupply
Introduction: Resupply is a decentralized stablecoin supported by collateralized debt positions (CDP), earning yields by utilizing the liquidity and stability of lending markets. It is a sub-DAO protocol supported by Convex Finance and Yearn.
How to Participate: Users can choose crvUSD/frxUSD from Curve Lend/Fraxlend markets, deposit them on the Resupply website, and borrow reUSD, and can also perform leveraged operations of cyclic borrowing and depositing to ensure borrowing more reUSD;
By depositing reUSD into the insurance pool to maintain protocol security, users will receive a portion of protocol revenue and RSUP token allocation;
Users can also provide liquidity to Convex Finance and Yearn to obtain high APY.
3、Meridian
Introduction: Meridian is a DEX and staking protocol built on Movement.
How to Participate: Users can increase their ranking by performing swap trades. Currently, the Docs lacks information about airdrops and tokens, but the ranking interface has an Eligibility column, which may represent future airdrop reward eligibility.
Currently, the APR of the first three pools of the protocol exceeds 20%, as shown in the following image.
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 system risks in the Vest ecosystem to dynamically adjust pricing, which can prevent market manipulation and violations, ensure stable and predictable liquidity, reduce hidden transaction costs, prevent socialized losses and automatic deleveraging - all crucial for Perp DEX.
How to Participate: Vest currently supports Arbitrum One, Base, Ethereum, OP mainnet, Polygon, and ZKsync mainnet. Users need to deposit through the network to trade, with up to 50x leverage. The platform launched Vest Points Season 1 in March to reward early adopters and active traders, distributing points based on user trading and LP activities,
Additionally, users can earn points through referral codes, which can be obtained after deposit.
5、Plastic Labs
Introduction: Plastic Labs is an AI identity solution dedicated to solving personal identity issues for artificial intelligence. They previously announced completing a $5.35 million pre-seed round in April, led by Variant, White Star Capital, and Betaworks. Currently, Plastic Labs has launched three products:
Honcho: A personalization platform for AI applications, currently in private server phase;
YouSim: An open-source CLI (text adventure) game where users can simulate any identity;
Bloom: An AI learning companion based on theory of mind, open-sourced in Tutor-GPT form, set to restart soon.
How to Participate: The three projects can only be used as ways to experience AI, and are highly unlikely to issue tokens or airdrops, but can be used to train AI for trading and analysis assistance, or as casual mini-games.
6、cap
Introduction: Cap is a stablecoin protocol that completed an $11 million seed round in April, co-led by Franklin Templeton and Triton Capital.
For those interested, you can read: 'From Human Decision-Making to Code Governance: How Third-Generation Stablecoins Make Earnings "Self-Regenerate"?'
How to Participate: Cap will launch stablecoin cUSD and stcUSD (staked version of cUSD). Deposit stablecoins to Mint cUSD, and stake to obtain stcUSD. stUSD can earn automatic compound yields generated by Cap's operating network, with earnings that can be exchanged at any time. The website is currently in testnet, but not yet fully developed, so 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, eliminate bots, and share advertising revenue with users.
How to Participate: Register on the platform, claim username and profile, post frequently to earn token rewards. The platform will directly allocate 50% of advertising revenue to users and creators (40% to users). Additionally, users can earn rewards by referring others and potentially stake tokens to grow earnings in the future.
Wunder previously stated on X that they would launch tokens 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 integrating multiple AI large models. They previously completed a $33 million seed round led by a16z.
How to Participate: Users register an account and ask questions. The platform provides two best-filtered answers. Users choose their favorite answer and provide feedback (such as which AI's answer is clearer, more logical, faster, more perspective-rich, etc.). This feedback helps train AI models. The first feedback earns 5000 credits, and subsequent questions earn corresponding points. Points can be withdrawn, with 1000 points equivalent to $1 (Chinese users may need KYC). It can be used as a daily AI tool, obtaining answers while earning money (it went viral last weekend, and the platform was somewhat laggy).
Today's recommendations mainly involve depositing to chase airdrops, which requires some capital investment, so please manage risks carefully.
