Genesis | Yield Optimization & Solana Building Post-Conference

Welcome to Coinfeeds Genesis – your weekly journey into the dynamic and ever-evolving world of crypto. In this newsletter, we strive to be your trusted guide, providing clarity in the highly volatile and uncertain digital markets.

This week, we showcase 22 innovative projects, ranging from smaller startups to larger enterprises, all united in their pursuit of building with the latest technologies and captivating communities across diverse ecosystems and blockchain networks.

Following the Solana Breakpoint conference, there's been a notable surge in innovation and development within the Solana ecosystem. Many of the emerging projects springing we have found were also participants or winners from the recent Hyperdrive hackathon, demonstrating the potential and entrepreneurial spirit fueling the ecosystem. These entities span a diverse array of sectors, from DeFi to social media, each leveraging Solana's high-speed and low-cost blockchain to build their niches. The conference highlighted Solana's lasting appeal as a foundation for innovative projects, suggesting a trend of expanding and varied development within its ecosystem.

This past week, we have seen several innovative protocols, each designed to streamline the yield-generation process. These platforms have introduced a suite of advanced features, from one-click strategy implementations to automated asset allocation, all aimed at enhancing the user experience. They are carving out a niche by offering users more control over their investments, with the promise of making the intricacies of DeFi more accessible to a broader audience. With such tools, navigating the complexities of yield farming and strategy optimization has become more intuitive, signaling a new phase of user-centric developments in the world of decentralized finance.

Here is a breakdown by sector:

Below is a selection of companies. To see some of our past issues, please go to

Early Stage

DeFi

Seagull - A platform that integrates Solana's blockchain technology to enable seamless crypto spending. With its Solana-backed infrastructure, it allows users to manage their assets and transact with cryptocurrencies like SOL and ETH effortlessly. Offering both virtual and physical Visa-compatible cards, Seagull ONE makes decentralized finance accessible and straightforward, providing a bridge between traditional commerce and crypto.

Juicer is a DeFi aggregation platform that simplifies yield maximization and risk management across various DeFi applications. With Juicer, users can easily discover and employ "recipes" to connect multiple DeFi services, automate complex strategies such as borrow-lend looping for enhanced rewards, and manage their crypto portfolios in a safer, more user-friendly environment. It supports a vast array of tokens and is set to offer unique features like one-click unwinding of positions and collateral swaps, aiming to make navigating the Web3 space more accessible and efficient.

Surfer.finance - An innovative DeFi platform on the Solana network that allows users to earn and trade yield from a variety of decentralized protocols. The platform provides a unique mechanism to separate yield-bearing assets into principal and future yield tokens, enabling users to independently trade these components and strategically position themselves in new yield markets based on their expectations of changing yield landscapes.

Cove.finance is a decentralized finance platform that offers a new generation of yield automation, enabling users to earn competitive yields on USD and ETH through an automated ERC-4626 yield optimizer. It streamlines DeFi investment by allowing users to select strategies for their assets, which are then automatically allocated to optimal yield-generating opportunities. Cove emphasizes security with integration into Yearn V3 vaults and offers boosted returns through permanent YFI locking mechanisms, all designed to simplify and enhance the DeFi portfolio management experience.

Infrastructure

PubKey Link provides an Open Source Verification Bot for Discord server owners, offering them complete control over their server's entry process. It's designed for customizable and secure user authentication, leveraging Discord's "Linked Roles" feature to enhance community integrity. The open-source aspect empowers teams to independently manage their verification protocols, ensuring freedom from reliance on third-party services for their server's security needs.

DAO

DAO Cr8 - A decentralized crowdfunding platform operating on the Solana blockchain, focused on empowering creators and innovators through DAO-driven engagement. It offers a dynamic ecosystem for project funding, where both creators can launch and manage projects effortlessly and backers can support and interact with the initiatives they believe in.

Octant - A platform designed to enhance decentralized governance and community involvement through a unique reward system. As a project of the Golem Foundation, it incentivizes users to fund public good projects within the Ethereum and Web3 spaces by locking GLM tokens and earning ETH rewards. The longer participants lock their tokens, the greater their potential rewards, which can be withdrawn or donated to vetted projects, with donations being further amplified by a matching pool to maximize impact. 

RWA

Clusttr is an innovative platform redefining real estate ownership by enabling individuals to co-invest in premium properties with minimal initial capital. It provides a community-driven environment where like-minded investors can connect, share insights, and collectively manage property investments. With Clusttr, users can diversify their portfolios across various locations while leveraging the company's comprehensive financial services to handle property maintenance and management, ensuring a hassle-free investment experience.

LUXHAUS is an innovative competition platform that provides a unique opportunity for individuals to win luxury real-world assets through the purchase of affordable tickets. It offers a dynamic marketplace for merchants to rapidly liquidate high-value items, making luxury goods such as high-end watches and jewelry accessible to a broader audience. With a foundation in blockchain technology, LUXHAUS ensures asset authenticity and leverages gamified NFTs to enhance user engagement and loyalty, all while fostering a strong community around its luxury asset catalogs. They recently placed 2nd in the Solana Hyperdrive Hackathon.

Gaming

ZOIDS WILD NFT ARENA is an engaging blockchain-based trading card game created by Z Spot and developed by ACT Games. Leveraging the popular ZOIDS WILD franchise, the game transforms iconic units into collectible NFT cards. Players strategically assemble decks from their NFT card collections, with the ability to enhance each card up to 6 stars, ensuring a skill-based progression system. The game offers a global competitive platform for players to challenge and outmaneuver one another in tactical battles.

Eon Rift is a cyberpunk-themed Web3 initiative weaving together a rich narrative universe across comics, digital and "phygital" collectibles, video games, a trading card game, and merchandise. With a team seasoned in blockbuster entertainment, Eon Rift not only offers unique PFP animal characters with accompanying 3D models and intellectual property rights for minters but also fosters a collaborative community-driven approach. The project is focused on building an interactive world called NeoTokyo, encouraging fan participation and co-creation, promising rewards and governance through a future DAO.

Payments

MiniPay is a stablecoin wallet service integrated within the Opera Mini browser, previously included in Genesis which allows users to save, send, and receive funds instantly using a phone number. Leveraging the Celo blockchain network, it promises near-zero transaction fees, the convenience of saving in USD stablecoin, and the practicality of a self-custodial system that operates seamlessly even on low data, ensuring financial transactions remain uninterrupted and fully transparent.

ZKP2P is an innovative project offering an instant fiat-to-crypto onramp service that integrates traditional peer-to-peer payment systems such as Venmo or PayPal with blockchain technology using zero-knowledge proofs. It allows DeFi consumers to privately and efficiently transfer assets on-chain, bypassing centralized exchanges, by generating proof of payment to unlock escrowed digital assets. The project is active and utilizes cutting-edge cryptographic libraries like circom and halo2, aiming to enhance the privacy and accessibility of DeFi transactions.

Decentralized Social

Map Keys - A social marketplace based on Solana where users can join with their Twitter accounts to create and trade digital "keys" that unlock exclusive content and direct connections with others. Similar to the concept of friend.tech, Map Keys adds a layer of interaction to online relationships by dynamically valuing these keys as they are exchanged, fostering a community where holding a key can be the gateway to starting new conversations and accessing privileged information or networks.

øhr is a social media application that elevates the experience of sharing and discovering moments by centering around sound. This innovative app invites users to create, mint, and explore sound memories geographically, offering a unique auditory dimension to social networking. Initially launched as a proof of concept at a Solana conference, øhr is designed to harness blockchain technology, allowing for the minting of audio moments, and is available exclusively during daytime hours to emphasize its focus on capturing and sharing real-world sounds.

Tickets

XP is a blockchain-based resale marketplace offering fair-priced tickets to concerts, sports games, and other live events without hidden fees. It utilizes blockchain technology to reduce the buy-sell spread, making live experiences more accessible and enabling instant trade or resale of tickets. With a vast selection of over 34 million tickets across more than 1,250 cities, XP is committed to providing a transparent and user-friendly platform for fans, artists, and ticket sellers alike.

Data

Albedo Labs - A decentralized marketplace on the Solana blockchain, designed to facilitate the exchange of sensor data with an emphasis on security and real-time verifiability. It connects data providers with consumers across various industries, utilizing smart contracts to ensure transparency and trust in data transactions.

Gambling

Nitrobetting.eu is an online gambling platform that offers a range of betting experiences with a focus on cryptocurrency, specifically Bitcoin. It allows users to place bets on various sports, participate in casino games, and engage in horse race betting. The platform also features unique contests such as predicting Bitcoin prices and sports event outcomes to win Bitcoin prizes, emphasizing its integration of crypto into traditional online betting markets. 

Wallet

Fuse is a pioneering smart wallet designed for the Solana blockchain, powered by Squads Protocol, a company which we have previously mentioned in Genesis. It features an innovative approach to wallet security by utilizing a three-key mechanism and eliminating the need for a traditional seed phrase. This wallet is geared towards enhancing user experience and security on the Solana ecosystem, with an upcoming release for iOS users.

Later Stage

Infrastructure

Metallicus provides a range of blockchain-based financial products including the XPR Network for fast decentralized applications and payments, the proof-of-stake Metal blockchain, and Metal Pay for easy crypto transactions. They also offer Metal X, a compliant DEX with DeFi capabilities, and WebAuth Wallet for secure Web 3.0 interactions. Supporting a variety of utility tokens within their ecosystem, Metallicus is aimed at creating a user-centric digital asset banking network accessible to individuals and corporations alike.

TokenFi is an all-encompassing tokenization platform designed to democratize the process of creating crypto tokens and NFTs. It simplifies the traditionally complex and costly process, enabling users to launch their own ERC20 or BEP20 compliant tokens and tokenize assets without any coding knowledge. The platform is poised to tap into the burgeoning tokenization market with user-friendly features like automated smart contract audits, connections with key industry players, and the potential for tokenizing real-world assets. 

Developer Tools

Ditto is a no-code automation platform designed for the Web3 space, offering both users and developers the ability to effortlessly automate workflows on- and off-chain. It provides a robust suite of tools, including a versatile SDK for developers to scale and customize decentralized applications, and integrates seamlessly with various dApps to enhance user experiences by eliminating repetitive tasks and streamlining operations within the decentralized finance ecosystem. Ditto is set to launch in Q3 2023.