RSS3, Cyber Connect, Evmos, Synapse, Dopex | Hidden Gems
Review Date: January 4, 2022
We scored over 50 projects this week, and these are the 5 we think you should know about:
- RSS3
- Cyber Connect
- Evmos
- Synapse
- Dopex
Please keep in mind that some of these projects have not yet been subjected to our code review process, but we want to call them out here for preliminarily catching our eye based on our fundamental analysis process.
RSS3 (80%)
Website – Documentation
RSS3 is the web feed for web3. Aiming to become the backbone of web3 infrastructure with cross-network indexing, social network support, and capitalized ownership – It has the potential to become the underlying backbone of future social networks, content, and gaming applications. Taking the successful approach of the infrastructure they aim to mimic, RSS, RSS3 is a web3.0 web feed that will be able to construct decentralized versions of our favorite apps.
Why we like it:
The project recently secured an unknown amount of funds from some of the best VCs in crypto, including Coinbase ventures, Dapper Labs, Hash key Capital, and Fabric Ventures. The project also boasts partnerships and investments from ARweave and Mask Network.
Status: TBA
Cyber Connect (78%)
Website – Documentation
Creators of a web3 social graph, Cyber connect aims to become the backbone of social networks on web 3.0 by leveraging a blockchain-ignostic, proprietary IPFS that connects users activity across blockchains to initiate the creation of decentralized social networks. Ultimately, it hopes to become the go-to protocol to bootstrap the web3.0 version of Medium, LinkedIn, and Twitter. In addition, the project is launching Cyberchat, which enables messaging between blockchain addresses, creating a trustless chatting app for all blockchain users.
Why we like it:
Focused on web3 development, it aims to simplify social profiles on future web3 iterations of linkedin, facebook, and instagram. Capable of leveraging their own social graph, users can leave and join new apps without losing friends or having to migrate content. Utilizing IPFS and ceramic network, Cyber connect gateway provides a universal data layer for DApps to start plugging in the social element for their users.
Status: $CYBER- has not launched yet, expected in Q1 2022
Evmos (78%)
Website – Documentation
Evmos is an application-agnostic Cosmos chain that will be EVM interoperable, capable of communicating with the Ethereum mainnet and other IBC chains, It aims to provide developers seamless development across multiple blockchains.
Why we like it:
Inscribed in the first three letters of the project’s name, Evmos hopes to expand current EVM based applications composability by allowing developers to leverage the flourishing Cosmos ecosystem. In addition to a strong use-case, Evmos has been actively developing on its github, with some contributors coming from Cosmos internal development itself.
Status: $PHOTON – TBA
Synapse (77%)
Website – Documentation
Synapse allows users to bridge assets in a trustless and permissionless manner between any L1, Sidechain, or L2 ecosystem. In short, it powers integral blockchain activities such as asset transfers, swaps, and generalized messaging with cross-chain functionality – ultimately enabling new primitives based off its connective architecture.
Why we like it:
Already live on Ethereum, BSC, Polygon, Fantom, Arbitrum, and Avalanche – Synapse is the first stablecoin swap that can be leveraged by users to capture the most value from disparate ecosystems. As competing L1 and L2 solutions continue to pop up, Synapse will provide key infrastructure as a stablecoin middleman.
Status: $SYN – currently at $3.50 with a 600 million approximately
Dopex (76%)
Website – Documentation
Dopex is a decentralized options protocol that aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers – all in a passive manner for liquidity contributing participants. It also includes rebates calculated based on percentage losses incurred by option writers for an epoch and a percentage of rDPX is minted and distributed to option pool participants.
Why we like it:
Dopex is quickly catching the attention of DeFi degens for its deep option liquidity and arbitrage opportunities. Launched earlier this year, it is offering traders the security of Ethereum and scalability as it is built on Arbitrum.
Status: DPX – currently at $2800 with a market cap of $1.4 billion fully diluted.
