Welcome back to the seventh edition of 'Gem Hunters' in this newsletter I wanted to cover a few of the hottest projects that I am currently building long positions in. The DeFi ecosystem right now is continuing to explode and I am personally very bullish on the growth we will continue to see over the coming few months and years.
In this seventh official Gem Hunters edition, I wanted to share three projects that I think could see some pretty major upside over the next few weeks. Projects that I am personally investing in and will be looking at entering positions once at solid accumulation levels and/or in any public sale or exchange listing.
If you are happy this series is back, let me know as have other projects that I think would be worth being featured and talked about over the next few weeks.
So let's dive straight into this seventh gem hunters edition and look at the picks...
1) YFDAI - https://yfdai.finance
YFDAI has been on my radar for a long time, with its incredible PA over the past few months and constant growth within the ecosystem it has caught my attention that is for sure. I am pretty adamant that investing and supporting DeFi projects in this market as the growth potential is just slow large and there is so much room for adoption and onboarding of new users.
YFDAI is an entire permissionless DeFi ecosystem that combines Staking & Farming services and soon, Lending/Borrowing services, SafePredict, and Insurance together with their own DEX called SafeSwap and their own LaunchPad where legitimate projects in the DeFi space can launch their new vetted projects with contract audits, locked liquidity and locked dev tokens in time release smart contracts.
YFDAI is trying to revolutionize the way DeFi is operated in the blockchain space. They have an extremely large set of services and products, ranging from Staking, Farming, Safeswap, Borrow, Lending, Launchpad, and Insurance. This wide set of services will allow any client to be able to get perfectly positioned within the DeFi ecosystem without having to use a multitude of projects.
The YFDAI token is YF-DAI and has been gradually increasing in holders and demand since the token generation event. One thing I really think is great by the team is that every month they release ‘Transparency Report’ that documents the transfer, unlock, and vesting of tokens within the ecosystem, something I have rarely seen within the blockchain ecosystem. The team does an amazing job and breaking down all costs and outgoings and keep the whole community informed on internal decisions. In addition to this, be aware that all team, advisory, and marketing tokens are locked.
The price action has been incredible for YFDAI since launch and it makes sense with such strong tokenomics and backing. YFDAI has a very extensive roadmap that gives a detailed breakdown of everything they are looking to achieve and with the progress they have made so far we are super excited to watch them expand and develop further. Also just taking a look at their partners you can see that they have already partnered with Ferrum Network, which allows YFDAI users can stake in one token and receive staking rewards in another token using the Ferrum Network. They also have partnered with DuckDAO as an approved fundraiser for LaunchPad, which in my opinion is a very big partnership, I think DuckDAO is going to be seeing some huge growth.
I like the story behind YFDAI and with the PA we have been seeing and the strong partnerships continuing to roll in, I am very excited to see where YFDAI is heading next. I looking forward to writing a more detailed in-depth report on YFDAI in the coming week and share some more technical and detailed information on the project.
2) Cartesi - https://cartesi.io
Cartesi is taking smart contracts to the next level. Cartesi allows for building smart contracts with mainstream software stacks. Cartesi enables million-fold computational scalability, data availability of large files, and low transaction costs. All while preserving the strong security guarantees of Ethereum, it allows users to conceal their data and preserve privacy on your DApps.
Cartesi exists to provide the infrastructure for decentralized applications that are easier for developers to build and with a user experience comparable to Internet applications. Also, think about all veteran/mainstream software developers that will have a much lower entry barrier to develop DApps!
Cartesi is a layer-2 platform that currently partners with and already supports Ethereum, Binance Smart Chain, Polygon, and Elrond. Cartesi is working to integrate with the most important blockchains to support the development of smart contracts using Linux and mainstream software components.
There are three main elements currently in the Cartesi ecosytem. There is;
Descartes, A decentralized computational oracle for Ethereum that executes massive computational tasks off-chain, on a Linux virtual machine fully specified by a smart contract. The results of the computations are fully verifiable and enforceable on-chain
Descartes Rollups, A scalable smart contract built with mainstream software stacks Descartes Rollups is a variant of optimistic rollups with interactive dispute resolution. Instead of Solidity, use countless mainstream software components to code smart contracts that defeats the scalability limits of Ethereum and another chain, with million-fold computational gains, while preserving the strong security of the Ethereum.
Noether, The Cartesi side chain designed for temporary data availability. It allows DApps to achieve high throughput and storage of large files with much-reduced fees. Noether's Proof of Stake system is ready now and allows users to stake their tokens, which allows for earning rewards and participate in validating the network.
The whole ecosystem is super interesting in my opinion and has so much potential to have a real impact on the blockchain space. Using a long list of supported chains, Cartesi allows for pretty much anyone in the space to be able to access the network and participate. This is a super interesting and optimistic project that I am very excited to see expand in the near future, currently building a longerm position.
3) OIN - https://oin.finance
OIN currently sits around $10,000,000 marketcap and falls into my category of a heavily undervalued project that is going to see some major growth and development this year and moving forward in general. For those who maybe do not know, OIN brings great DeFi functionality, such as stablecoin issuance to blockchain projects through a multi-faceted infrastructure. They empower projects, large or small, with access to the next step of blockchain revolution: decentralized finance.
Our versatile blockchain infrastructure brings an easy solution to create DeFi functions where there was none. Our first live product, the OINDAO, enables projects to mint their own branded stablecoins with a customizable staking pool, which the user can then swap for their favorite coins to increase their holdings.
As I mentioned in my intro of this newsletter, DeFi is the main play in the entire blockchain space right now. Even though there is a lot of DeFi projects that might be targeting the same area or niche, I honestly think the space is so heavily undervalued that projects like OIN with such low marketcaps and great products have huge potential. OIN is currently one of my largest holdings and I am currently building a stronger position that will be a longerm holding.
OIN currently focuses on two of its major products; OIN DAO, A stablecoin, and staking derivatives issuance platform. Different from MakerDAO, OINDAO is specially designed for altcoins, and OIN SWAP, A decentralized exchange where the staking derivatives on OINDAO can be swapped with mainstream stablecoins. I am super excited to watch OIN develop further and gain more and more adoption for these products, I think they are currently a heavily undervalued project. They also have some incredible partners, ranging from FTX & Alameda Research to Elrond, Nest, Quarkchain, and many many more. I am very very excited to watch them continue to grow, especially after so much momentum has been built over the past few months!