The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Five Crypto Projects on Ethereum Scaling Solution Arbitrum Are Flying Under the Radar, According to Bankless

by Daily Hodl Staff
September 6, 2022
in Altcoins

A slew of new altcoin projects built on Ethereum layer-2 Arbitrum are quietly growing under the radar, according to the crypto finance platform Bankless.

In a new note to subscribers, Bankless says the Arbitrum ecosystem is heating up after a recent network upgrade helped to increase its throughput and lower transaction fees.

Arbitrum uses technology known as optimistic rollups to essentially offload significant amounts of processing and data storage from Ethereum’s mainnet, allowing for transactions that are faster, cheaper and more private.

Ben Giove of Bankless says he has his eye on five Arbitrum projects, starting with lending protocol Vesta Finance (VSTA), which aims to allow users to borrow against their crypto assets without selling them.

Within the Vesta ecosystem is VST, a collateralized stablecoin that allows users to borrow against supported assets with no interest rate.

Second up on Bankless’s radar is Umami Finance, an ecosystem of strategy vaults for earning yield. Umami aims to provide access to a series of reliable on-chain revenue streams from Arbitrum safeguarded from market volatility while using “innovative on-chain hedging strategies.”

UMAMI is the ecosystem’s native token that users can stake to receive shares of the protocol’s revenue, denominated in ETH, from vault fees.

Says Bankless,

“Umami helped popularize the trend of paying token holders a cut of product and treasury farming revenue in ETH, with UMAMI lockers currently able to earn a yield of 9%.”

Third on the list is Premia, which aims to allow for super capital efficient options trading as well as earning yield on fees and premium. Bankless says Premia is unique in that it uses American-style options, which can be exercised at any time before expiry, as opposed to European-style options which are exercised at expiry.

The fourth Arbitrum-based project on Bankless’ radar is Y2K Finance, which aims to provide structured products that allow users to speculate, hedge, leverage or trade the different components of pegged assets.

At time of writing, there is no Y2K token, but Bankless says there should be one launching in the next several weeks.

Doomsday Approaches?? pic.twitter.com/n9TLh3oXRS

— Y2K Finance (@y2kfinance) September 1, 2022

Last on Bankless’ list for Arbitrum projects to watch is Rage Trade, which is attempting to build a perpetual exchange wth the most liquid ETH perp.

Rage Trade is aiming to use 80-20 vaults, which is a liquidity-providing strategy where 80% of total value locked (TVL) earns yield on an external protocol while the other 20% provides concentrated liquidity directly on Rage Trade.

According to Bankless, Rage Trade is also planning to integrate directly with Ethereum to allow the 80/20 vaults to get yield from any layer-1 or layer-2.

To read the whole Bankless report or subscribe to the newsletter, click here.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix


Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/zeber/monkographic

Submit a Press Release

Industry Announcements

  • Radix Babylon Upgrade Marks New Era for Web 3.0 User and Developer Experience
    September 28, 2023
  • Tyrion Set To Decentralize the $377 Billion Digital Advertising Industry
    September 25, 2023
  • Hydranet Launches Layer Three Dex – A Game Changer for Trustless Cross-Chain Trading
    September 25, 2023
  • Ottochain Homage to EVMOS and Ethereum Layer Two
    September 21, 2023
  • Algorand Foundation Announces Build-a-Bull Hackathon in Collaboration With AWS
    September 20, 2023
  • OKX Achieves SOC 2 Type II Certification, Demonstrating Its Industry-Leading User Safety, Security and Compliance Standards
    September 20, 2023
  • Dexalot Unveils SimpleSwap and SimpleView Features for Enhanced User Experience
    September 19, 2023
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$26,945.22
$26,945.22
0.49%
Ethereum
$1,674.45
$1,674.45
0.2%
Cardano
$0.250723
$0.250723
0.72%
XRP
$0.516578
$0.516578
1.51%
Dogecoin
$0.061923
$0.061923
0.09%

Spotlight

  • Is Ethereum Bottom In? Top Analyst Reveals the ‘No Questions Asked’ Level He Will Start Reaccumulating ETH
    September 23, 2023
  • This Catalyst Will Catapult Bitcoin and Have a ‘Dramatically’ Positive Impact on Altcoins: Anthony Scaramucci
    September 23, 2023
  • Over $440,000,000,000 in Bitcoin and Other Cryptos Could Be Wiped Out Before Market Bottoms Out: Nicholas Merten
    September 23, 2023
  • Trader Says Dogecoin Rival Has Additional Upside Potential, Updates Outlook on Bitcoin and Worldcoin
    September 23, 2023
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash • Financeflux •
Industry Announcements

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2023 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2023 The Daily Hodl