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Summary:
A multichain DeFi mechanism called Thor (THOR) distributes rewards and refunds to token holders. By exposing token holders to various multichain DeFi protocols and giving them the chance to explore and discover yield-generating solutions, the project, which is a yield farming protocol, seeks to deliver awards and daily passive returns from blockchain nodes. Yield farming is the practice of lending cryptocurrencies to platforms in an effort to maximize profits.
The platform also aims to make use of a state-of-the-art node-as-a-service facility that offers consumers the chance to own a blockchain node without fuss or risk in order to produce returns and passive income. The block of data on the protocol where transactional information is recorded is referred to as a "blockchain node." The project also seeks to concentrate on engaging with various DeFi projects, staking pools, NFTs, and a variety of other carefully selected initiatives. To profit from every market situation, keep an eye out for bull and bear market trends.
Built on Binance Smart Chain, DEEPMAZE:DPZ is an auto-liquidity DeFi token supported by crowded pools. It fixes the DeFi ecosystem's issue with the liquidity, value, and discretion trilemma. The smart contract for DEEPMAZE performs three essential tasks:
The concept of reflection-based passive staking served as the inspiration for DEEPMAZE. Although DEEPMAZE features an automatic liquidity mechanism (sell half and match), it also contains a crowded pool that is protected by contract, with users receiving payouts that are diminishing logarithmically. Users' transaction fees are thus reduced by half while maintaining the automatic liquidity and passive staking characteristics.
Using its unique consensus mechanism, Fantom is a directed acyclic graph (DAG) smart contract platform that offers developers decentralized financial (DeFi) services. Fantom, which claims to have decreased transaction times to under two seconds, intends to address issues with smart-contract platforms using its proprietary coin FTM.
Fantom is a Layer-1 blockchain that makes use of an independent consensus layer called Lachesis as well as a consensus mechanism that was designed from scratch to enable DeFi and associated services based on smart contracts. Other layers, like as Opera, Fantom's EVM-compatible smart contract chain, are also secured using Lachesis. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.”
One of Fantom's main advantages is its speedy transaction processing, which can handle thousands of transactions per second, settle them in one to two seconds, and only cost a few cents each transaction. Fantom offers greater scalability as a result, yet at a lesser price.
An aBFT consensus engine called Lachesis employs the directed acyclic graph (DAG) algorithm. The network screens the participants, allowing only one third who are assigned due to incorrect or harmful behavior, without impairing network activities. Network data can be analyzed at various periods. The Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus technique used by Fantom ensures that the entire network operates efficiently while providing optimum security.
APE Ecosystem uses ApeCoin, an ERC-20 governance and utility token, to enable and reward a decentralized community forming at the vanguard of web3. Owners of ApeCoin make decisions about how to use the ApeCoin DAO Ecosystem Fund using the decentralized governance structure that runs the ApeCoin DAO. The suggestions adopted by ApeCoin holders are managed by the APE Foundation. ApeCoin is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism.
The governance token for the APE Ecosystem is called ApeCoin. It enables token holders to take part in the ApeCoin DAO and provides its users with a decentralized, open, and shared money.
Yuga Labs, the company behind the Bored Ape Yacht Club, donated a one-of-a-kind NFT to the APE Foundation. All rights and privileges to this NFT and the underlying artwork have been transferred by Yuga Labs to the APE Foundation. How this intellectual property is used is up to the individual ApeCoin DAO members.
Sources: fxmag.com
