Research Summary
The report discusses the latest developments in the DeFi sector, focusing on the Trac protocol and its products, the upcoming RDPX V2 tokenomics, and several new projects. It also provides updates on various DeFi projects and platforms, including Fuse, Exocore, USDV Money, Redstone, Avara, ZKP2P, and Succinct.
Key Takeaways
Trac Protocol’s Role in the Bitcoin Ecosystem
- Trac Core: The report highlights Trac Core as a key infrastructure provided by Trac to the Bitcoin ecosystem. It serves as a decentralized oracle and indexer service, fetching updates from the blockchain and making them available for searches and analyses via APIs.
- TAP Protocol: The TAP protocol, part of the Trac ecosystem, enables users to expand the functionalities of their BRC-20 tokens. It supports token swapping, staking, liquidity pools, token authentication, and multi-asset protocol.
- Pipe Protocol: The Pipe Protocol uses Unspent Transaction Outputs (UTXOs) to monitor transactions, ensuring security against double spending and providing enhanced privacy and efficiency. It supports transactions related to digital art and NFTs.
RDPX V2 Tokenomics
- Hyper-deflationary Asset: Dopex is close to releasing the RDPX V2 tokenomics, which will transform the token into a hyper-deflationary asset. Users will be able to mint a yield-bearing synthetic ETH derivative called rtETH against ETH and RDPX, with a portion of this RDPX being burned.
Upcoming Projects
- Fuse: A smart wallet for Solana, Fuse is one of the upcoming projects mentioned in the report.
- Exocore: An omnichain restaking protocol, Exocore is another project to watch.
- USDV Money: The report mentions USDV Money as the first omnichain tokenized treasury-backed stablecoin.
Project Updates
- Synonym Testnet: The report mentions the live status of the Synonym Testnet.
- SteakHut Labs Seed Round: The report also highlights the seed round of SteakHut Labs.
- Uniswap on Android: Uniswap’s availability on Android is another update mentioned in the report.
DeFi Education & Analysis
- State of Web3 Gaming Report: The report includes a link to a report on the state of Web3 gaming.
- Liquidations in DeFi Report: The report also includes a link to a report on liquidations in DeFi.
Actionable Insights
- Explore Trac Protocol: Given the detailed breakdown of Trac’s products and their potential impact on the Bitcoin ecosystem, it may be worthwhile to explore the Trac protocol further.
- Monitor RDPX V2 Tokenomics: With the upcoming release of the RDPX V2 tokenomics, it could be beneficial to monitor developments in this area, particularly the potential for RDPX to become a hyper-deflationary asset.
- Keep an Eye on Upcoming Projects: The report mentions several upcoming projects, including Fuse, Exocore, and USDV Money. These projects could present interesting developments in the DeFi sector.
- Stay Updated with Project Developments: The report provides updates on various projects, such as Synonym Testnet, SteakHut Labs, and Uniswap on Android. Staying updated with these developments could provide valuable insights into the DeFi sector.
- Deepen Understanding of DeFi: The report includes links to various reports and articles that provide in-depth analysis and insights into the DeFi sector. Reading these resources could deepen understanding of the sector and its trends.
