In a recent video for his very popular YouTube channel, popular New Zealand-based crypto analyst Lark Davis (@TheCryptoLark on Twitter) talked about five low-cap altcoins that could deliver 100x gains.
The first three are projects that Davis has mentioned in several previous videos, but the last two projects he talks about in this video for the first time.
Ramp Finance (RAMP)
RAMP DEFI “proposes that the staked capital on the non-ERC20 staking blockchains be collateralized into rUSD, a stablecoin which is issued on the Ethereum blockchain.” rUSD “therefore represents collateralized staked liquidity.” rUSD token holders can “borrow, lend or exchange rUSD for other stablecoins such as USDT or USDC freely within the DeFi ecosystem, creating a seamless liquidity ‘on/off ramp’ for users with capital locked into staking arrangements on various blockchains.”
Davis says the development team plans to add support for Etherem-based assets as well as Eth2 staking tokens. He also mentioned that RAMP could in future become “a blue-chip DeFi coin.”
APY.Finance is yield farming robo-advisor that can connect with all the leading DeFi protocols (such as Uniswap, SushiSwap, Aave, Compound, Yearn.Finance, Synthetix, and dYdX).
The team behind this project say that APY.Finance offers the following important features:
- next-generation yield farming (the platform “gives users a single place to deposit their liquidity” and “handles all the heavy lifting of yield farming by pooling user liquidity and distributing the gas cost”)
- risk management (after “every strategy is assigned a risk score”, APY “distributes user liquidity across its portfolio of yield farming strategies, optimizing for risk-adjusted yields”)
- decentralized and fully community-owned (“users are incentivized with the APY governance token to keep strategy models up-to-date with the latest DeFi developments”)
Davis says that the advantages of using APY.Finance is that — like Yearn Finance (YFY) — it kind of “automates” the process of yield farming and you end up paying much less in gas fees. Davis thinks APY’s market cap (currently around $80 million) could reach $1 billion.
Reef Finance (REEF)
Reef is a Polkadot-powered “smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXs and DEXs while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.”
The REEF token can be used for governance, protocol fees, staking, and yield distribution.
According to Davis, this “DeFi powerhouse” has a lot of potential to run.
Shadows is “a decentralized synthetic asset issuance protocol built on Substrate.” The value of these synthetic assets is “underpinned by DOWS, and as long as DOWS is locked in a smart contract, synthetic assets can be issued.” In other words, this is trying to do what Synthetix is doing but for the Polkadot ecosystem.
Davis says this will be the first project to launch on PAID Network’s Initial DEX Offering (IDO) platform Ignition. He went on to say that sadly it is not cheap to get a guaranteed allocation in the sale, but you should be able to buy at some point after the sale on Uniswap.
Polkamarkets is “a DeFi-powered prediction market built for cross-chain information exchange and trading, where users take positions on outcomes of real world events–in a decentralized and interoperable platform on Polkadot.”
Polkamarkets aims to address the key problems with existing prediction markets, such as “lack of liquidity & markets, lack of traders, and duplicate or confusing markets.” It aims to do by “incentivising liquidity providers and traders to facilitate & take large positions, while a system for curation and resolution ensures efficient and trustworthy markets.” This platform will “also leverage tried and tested DeFi incentives such as liquidity mining and yield farming to incentivise daily active use.”
“Prediction markets have proven to be pretty popular over on Ethereum, but I think the gamification of what they’re doing here at Polkamarkets could really take this to the next level.“