1. @BifrostFinance $BNC is the target of Defillama that was just launched yesterday. I looked at the K-line last night. In fact, it has not risen much from the bottom, especially on such an exposure platform as Defillama. It can be regarded as a new value discovery.

It was too late yesterday, and I didn’t study it carefully. I planned to write it the next day, but I was worried that the price would have risen too much the next day.

Bifrost is a DeFi protocol for the Polkadot ecosystem. It seems to be a domestic team with full support from the Web3 Foundation and Wanxiang Blockchain Labs. Users can exchange PoS tokens for vTokens and obtain liquidity and staking incentives through the protocol. In addition to staking income, vETH also includes the maximum extractable value (MEV) and Gas Fee apr from 3.5% before the merger to 4.2% after the merger.

2023 Plan: Launch new vTokens: vFIL, vPHA/vKHA, vASTAR/vSDN and vATOM

Developing Liquid Staking Service for Ethereum Layer 2

Start System Staking and subsidize the income to vToken holders

Build a native vToken mortgage lending market on the Bifrost chain to further increase the use cases and capital efficiency of vToken

Risk point: vETH depegging. The Polkadot chain has not been active for a long time. It is uncertain whether the ecological projects will continue to perform well.

2.@SharedStakeOrg $SGT project has pledged 16,000 eth, and the current market value is 1.5M. The pool is very shallow, and a small purchase will have a big impact. Why is a project with a 0.25% eth staking market share like a piggy bank?

Previously, a project founder used a contract loophole to steal a large number of project tokens.

Now another founder @ChimeraDefi is rebuilding the community and the team is planning to deepen the pool.

A few days ago, the team removed some of the liquidity of sushi to uniswap v3. The depth is better now, and you can use 1inch to buy it.

Plan to repurchase veth2 from MEV revenue to VeSgt stakers

3. @HordApp $HORD Hord is about to launch an Ethereum staking platform with no minimum staking requirement. APR and staking threshold are both important indicators of staking platforms. The disadvantage is that the pool is too shallow.

4.@pendle_fi The $PENDLE team also took advantage of the LSD track to market their own projects. It can be regarded as an LSD derivatives track and interest rate derivatives. Because the apr of staking ETH is uncertain, after the Shanghai upgrade, apr may rise/fall. In order to transfer risks, the market for such products may be expanded.

Pendle splits the tokens into two parts: 1. Principal tokens (PT) 2. Yield tokens (YT) If you are bullish on APR, you can get higher returns by buying YT. On the contrary, you can sell YT to transfer risks.

5.@0xconcentrator $CTR According to what @FroyoFren wrote, the liquidity pool of LSD will shrink/the depth of the pool will decrease, so the valuation of some protocols that can increase the yield of the pool will increase. Concentrator is a product of AladdinDAO, a tool for income aggregation and automatic reinvestment.

Because it involves the liquidity and depth of the pool, the Curve ecosystem is also worth paying attention to recently @0xC_Lever $CLEV, @aladdindao $ALD. If I have time, I will write about curve-related concepts later.