Andre Cronje and Yearn Finance continue a series of mergers and acquisitions, collaborations and deep cooperations. Pickle Finance, Cover Protocol, CREAM Protocol, Akropolis Finance, Sushi Swap. It is logical that after each of such announcements, the cost of tokens - counterparties of Yearn shows X of varying degrees, allowing speculators like us to make good money😊 Therefore, the task of determining the next potential partner Yearn Finance becomes paramount. After doing a analysis, I identified three potential objects, the tokens of which I have already purchased. These protocols have been selected by me due to the originality of their products, as well as their market undervaluation and potential for growth. The information provided in this article is for entertainment purposes only and does not constitute investment advice. DYOR.
Descriptions of each of the projects are taken from the official blogs.
1)Saffron Finance
Saffron is a protocol for tokenizing on-chain assets, including contracts that otherwise impair access to utilized capital. Tokenized ownership of on-chain assets gives liquidity providers greater flexibility and uninterrupted access to their underlying collateral while enabling leveraged staking and bespoke risk management.
Peer to peer risk exchange
Existing decentralized earning platforms expose liquidity providers to complex code driven outcomes. Network participants must evaluate an array of catastrophic scenarios where the resulting state could wipe out their holdings or lead to significant impermanent loss. It is hard to anticipate the net effect of extreme market volatility or focused economic attacks. Saffron narrows the set of possible outcomes by giving liquidity providers dynamic exposure.
Total supply of tokens: 60,000, but there are 28,475 in circulation.
Market capitalization is 6,904,553 USD, and the price of one token fluctuates in the corridor 211 - 240 USD, reaching a maximum value of 1008 USD.
2)Alpha Finance
Alpha Finance Lab is an ecosystem of cross-chain DeFi products that will interoperate to bring optimal alpha returns to users. Alpha products focus on capturing unaddressed demand in DeFi in an innovative and user friendly way. Main product is Alpha Homora. Alpha Homora is a protocol for leveraging your position in yield farming pools, or "dYdX for yield farming". Users can participate in Alpha Homora protocol as yield farmers, ETH lenders, liquidators, or bounty hunters. Here is a short description of each user type:
Yield Farmers seeking to open yield farming positions up to 2.5x their initial portfolio sizes.
ETH lenders seeking to earn interests on their ETH holdings.
Liquidators seeking to earn 5% liquidation bonus on liquidating positions at risk.
Bounty hunters seeking to earn 3% bounty of the total rewards for re-investing Alpha Homora portfolio.
Total supply of tokens: 1,000,000,000, with 174,136,442 in circulation.
The market cap is USD 39,448,545 and the price of one token is USD 0.22 - 0.24, reaching a maximum value of USD 0.29.
3)UMA Project
UMA is a decentralized financial contracts platform built to enable Universal Market Access. Oracle off-chain system and priceless contracts protocol. UMA is focused on building “priceless” derivatives on Ethereum. These financial contracts are designed to ensure proper collateralization by counterparties without the use of an on-chain price feed. They can do so by providing rewards to counterparties or third parties for identifying improperly collateralized positions. To confirm that these positions are improperly collateralized, these contracts may rely on a “Data Verification Mechanism” (DVM).The DVM is a decentralized oracle service available to respond to price requests made by financial contracts that are registered with it. These price requests ask UMA token holders to vote on the value of a price identifier at a historic timestamp. UMA token holders commit and reveal their votes on-chain in a process that can take 2-4 days. Once the votes are revealed, the mode of these votes is returned to the financial contract as the value determined by the UMA voters for the price request. The financial contract then distributes collateral to its counterparties based on the value returned by the DVM. Because the DVM requires 2-4 days to respond to a price request, it is not intended to be used as an on-chain price feed that pushes prices to financial contracts that need it. Rather, it is complementary to “priceless” financial contracts.
Total number of tokens: 101 123 165, in circulation 55 498 534.
Market capitalization is 457 530 183 USD, and the price of one token fluctuates in the corridor of 8 - 8.1 USD.