Research Summary
The report discusses five promising decentralized finance (DeFi) farms: Jupiter Exchange, INIT Capital, Ekubo Protocol, Sturdy Finance, and Parcl. These platforms offer attractive yields and unique features, such as liquidity aggregation, concentrated liquidity, and real-world asset protocols.
Key Takeaways
Jupiter Exchange’s Potential Impact
- Upcoming Token Launch: Jupiter Exchange, a decentralized exchange (DEX) aggregator and perpetual exchange on Solana, is set to launch its token. This could lead to a significant liquidity injection into the Solana ecosystem.
- High Yield: Users providing liquidity in JLP are currently earning a real yield of 159% APY, with the potential for additional incentives once the $JUP token launches.
INIT Capital’s Innovative Approach
- Points Program: INIT Capital, a liquidity hook money market, is running a points program where users can qualify for future tokens by lending, borrowing, and looping on their market.
- Native Yields: The native yields offered by INIT Capital could make this farm quite lucrative, depending on the value of these points.
Ekubo Protocol’s Unique Offering
- Concentrated Liquidity: Ekubo Protocol is the premier concentrated liquidity DEX within the Starknet ecosystem. It has launched a points program where liquidity providers earn airdrop points in line with fees generated.
- Low TVL, High Fees: The ETH/USDC and USDC/USDT pairs on Ekubo are generating fees with relatively low total value locked (TVL).
Sturdy Finance’s Lucrative Yields
- High APY: Sturdy Finance, an isolated lending market, offers extremely lucrative yields. Depositors are currently earning 86% APY on pxETH, 52% APY on crvUSD, and 48% APR on ETH.
- Additional Incentives: Depositors are also earning additional $STRDY incentives.
Parcl’s Real-World Asset Protocol
- Unique Offering: Parcl, a Solana-native real-world asset (RWA) protocol, enables users to long or short real estate across the globe. Users can earn points by trading on the platform and providing liquidity.
- Stable Vault PNL: The vault profit and loss (PNL) of Parcl has been relatively stable recently, making it an attractive opportunity for those bullish on the platform.
Actionable Insights
- Monitor Jupiter Exchange’s Token Launch: The upcoming token launch could significantly impact the Solana ecosystem and provide lucrative yields for liquidity providers.
- Consider INIT Capital’s Points Program: The points program could offer future token rewards for users who lend, borrow, and loop on their market.
- Explore Ekubo Protocol’s Concentrated Liquidity: Ekubo’s unique offering within the Starknet ecosystem could be worth considering, especially given the low TVL and high fees on certain pairs.
- Assess Sturdy Finance’s High Yields: The high APYs and additional $STRDY incentives could make Sturdy Finance an attractive option for depositors.
- Research Parcl’s Real-World Asset Protocol: Parcl’s unique offering and stable vault PNL could present interesting opportunities for users interested in real-world asset protocols.
