Research Summary
The report discusses the latest developments in the DeFi sector, focusing on Synonym Finance and Trestle. It also highlights upcoming projects, good reads, and project updates. The report concludes with an invitation to join the Humble Farmer Army premium discord for more content.
Key Takeaways
Synonym Finance’s Potential
- Synonym’s Growth: Synonym, a cross-chain lending market, has built connections with various DeFi protocols since the merge of New Order DAO and Synonym. It aims to compete with Radiant and Tapioca, which use Layer Zero technology.
- Upcoming Launch: Synonym is preparing to launch on mainnet and their token, which could benefit from Wormhole airdrop speculation. The team behind Synonym is competent and aims to integrate a wide range of assets with protocols like Redacted Cartel, Y2K Finance, Jones DAO, and more.
Trestle’s Infrastructure Development
- Trestle’s Ambition: Trestle aims to build infrastructure for the Celestia ecosystem with various products such as wrapped TIA on ETH, TIA bridging, yields in TIA via the team-run validator, and a TIA-aligned launchpad/DEX built on a rollup leveraging Celestia.
- Token Auction: Trestle is currently running their LBP on Fjord, where roughly 1/3 of the token supply will be auctioned off over the course of a few days. Past Fjord LBPs like OLAS, RSTK, and VEC have performed very well post-launch, and a similar phenomenon could occur with Trestle.
Upcoming Projects
- New Ventures: The report mentions several upcoming projects in the DeFi space, including INIT Capital, Eesee, Euclid Finance, Trestle, Hyperline, and ClayStack. These projects are developing various solutions, from liquidity hooks to Web3 data lakehouses.
Good Reads and Project Updates
- Recommended Reading: The report suggests several articles for further reading, covering topics such as the promise and challenges of Crypto + AI applications, the state of bridges in DeFi, and the rise and fall of Opensea.
- Project Updates: The report provides updates on various projects, including Tangent, Oval by Uma, Sturdy V2, crvUSD Isolated Markets, Crescendo Network Upgrade, and others.
Actionable Insights
- Monitor Synonym’s Launch: Given Synonym’s upcoming launch on mainnet and their token, it could be beneficial to keep an eye on its progress and market response.
- Research Trestle’s Infrastructure Development: Trestle’s ambition to build infrastructure for the Celestia ecosystem and its ongoing token auction could present interesting dynamics in the DeFi space.
- Stay Informed on Upcoming Projects: The upcoming projects mentioned in the report, such as INIT Capital, Eesee, Euclid Finance, Trestle, Hyperline, and ClayStack, could bring new opportunities and shifts in the DeFi landscape.
- Read Recommended Articles: The articles suggested in the report could provide valuable insights into the current state and future trends of the DeFi sector.
- Keep Up with Project Updates: Regularly checking updates on various projects can help understand their progress and potential impact on the DeFi market.
