Research Summary
The report from Humble Farmer Army Research provides an overview of the latest developments in the DeFi sector. It highlights key projects such as LandX, Across, and Layer Zero, and discusses their potential impact on the market. The report also mentions upcoming projects, good reads, and project updates in the DeFi space.
Key Takeaways
LandX’s Potential Impact
- LandX’s Token Release: LandX, an RWA protocol aiming to bring agriculture on-chain, is set to release its token. The LNDX token will be seeded with liquidity on Arbitrum at $0.50, representing a circulating market cap of roughly $3M with a $40M FDV. However, the tokenomics are not favorable with about 50% of the total supply going towards early investors.
Across’s Dominance in the Bridge Sector
- Across’s Competitive Advantage: Across, a bridge protocol, stands out in the sector due to its low fees and fast bridge times, achieved by leveraging UMA, an optimistic oracle. The ACX token is currently only a governance token, but a fee switch in the near future could change this.
Layer Zero’s Upcoming Token Launch
- Layer Zero’s Market Impact: Layer Zero’s token launch, expected in the first half of 2024, could lead to a repricing of current bridge tokens/messaging layers. The report suggests that bridges like Across will seem extremely cheap compared to Layer Zero.
Upcoming Projects in the DeFi Space
- New Projects on the Horizon: The report mentions several upcoming projects in the DeFi sector, including Boost, 1155Tech, Shadow, Alluvial, Pharaoh Exchange, Exponents, and IBC Finance, indicating a vibrant and dynamic market.
Project Updates and Good Reads
- DeFi Sector Developments: The report provides updates on various projects and recommends several articles for further reading, reflecting the ongoing evolution and complexity of the DeFi sector.
Actionable Insights
- Monitor LandX’s Token Release: Given the potential of LandX’s on-chain agriculture initiative, it could be beneficial to closely watch the release and performance of its LNDX token.
- Assess the Impact of Across’s Fee Structure: The potential fee switch for Across’s ACX token could significantly alter its value proposition, warranting careful observation.
- Research the Potential of Layer Zero: With its upcoming token launch, Layer Zero could have a significant impact on the pricing of other bridge tokens/messaging layers. Understanding this dynamic could provide valuable insights.
- Explore Upcoming DeFi Projects: The numerous upcoming projects mentioned in the report represent potential areas of growth and innovation in the DeFi sector, meriting further investigation.
- Stay Updated on DeFi Developments: Regularly reading recommended articles and following project updates can help keep abreast of the rapidly evolving DeFi landscape.
