Furucombo is about to airdrop, a detailed explanation of this DeFi aggregator you may not know

After the large-scale airdrops of UNI, LON, and 1Inch, many people have been speculating about which project will be the next to airdrop. Currently, it seems that Furucombo is the next DeFi protocol to do so.

According to the official blog on January 4, the airdrop plan for its native token COMBO has been officially announced. The official stated that 350 COMBO will be distributed to any address that donated any tokens to projects or developer addresses through Gitcoin before December 23; each Combo Master on the Furucombo platform will receive an airdrop of 6000 COMBO; participants who received 10 votes in the ComboHacking event in November will be awarded 1500 COMBO, and this event will continue; users who used Furucombo before December 23 will receive an airdrop, with wallet addresses that have more than 2 transactions receiving 900 COMBO, and addresses with 1 transaction receiving 350 COMBO. The official stated that these airdrops will be released over 8 weeks starting from January 15.

Meanwhile, on January 7, the official announced the completion of a $1.85 million seed round financing, with investment institutions including SevenX Ventures, Defiance Capital, 1kx, Multicoin Capital, QCP Soteria, BTC12 Capital, Aave founder Stani Kulechov, and investor Ronald Yu participating in the investment.

Some users may not have used Furucombo yet, so here is a brief introduction to the project based on the official Medium blog:

Furucombo is a tool built for DeFi users, allowing them to create their own DeFi strategies like building with DeFi Lego blocks, without the need for programming—just drag and drop.

The project visualizes complex DeFi protocols as multi-layer operation combinations. Users only need to input/output the relevant token amounts and set the order of multi-layer operations (also known as "combos"), and then Furucombo will package all the data into a single transaction to be sent out. For users looking to execute operations across different protocols, especially those wanting to leverage flash loans, it is a great tool.

As a DeFi protocol aggregation platform, Furucombo provides a space for users to navigate through numerous protocols and services, further enhancing the services created by DeFi ecosystem developers, maximizing the potential value of their original services. Below, this article will explain Furucombo from three perspectives: DeFi builders (DeFi ecosystem developers), DeFi Degens (DeFi trading experts), and DeFi newcomers, illustrating how Furucombo, as a DeFi aggregation platform, can shape DeFi into a more valuable ecosystem.

1. Bringing More Creative Space for DeFi Ecosystem Developers

DeFi ecosystem developers often encounter the following issues:

• Need to generate trading traffic from scratch
• Products need to be used in conjunction with other protocols to realize their value
• Difficult to provide a good user experience

The emergence of aggregation platforms aims to solve these pain points, acting as the missing piece of the puzzle for DeFi, allowing the complete picture of DeFi to be presented. Therefore, Furucombo focuses not only on connecting various useful services and protocols but also places great emphasis on user experience and interface design. This way, DeFi ecosystem developers can concentrate on accelerating protocol development without worrying about other external factors.

In the long run, Furucombo will attract more end users, which means more users and traffic will come to Furucombo. As Ben Thompson's aggregation theory suggests, once an aggregator acquires a certain number of end users, more DeFi ecosystem developers will come to Furucombo and list their product projects on it. Then, more users will be attracted to Furucombo to use these new services, and this large influx of users will, in turn, attract more developers, creating a virtuous cycle of development.

2. Creating More Profit Opportunities for DeFi Trading Experts

DeFi Degens, some refer to them as the suicide squad of DeFi (those who are crazily immersed in various liquidity mining), but here we refer to those experts who are keen on trading between various DeFi services, especially those with many good strategies to maximize profits. For DeFi Degens, the common issues they face in DeFi are:

• Trades need to be completed in a decentralized manner, leading to high time costs
• A certain percentage of market opportunities require writing smart contracts to capture, but most traders do not actually write Solidity code

The first issue can be simply addressed through Furucombo's core feature, which is to package various trading actions into one, turning it into a single transaction. This means that when users trade, the project can eliminate risks caused by time and focus more on strategic planning to create more favorable opportunities.

The second issue arises when a good idea for a new profit opportunity emerges; users often find that they still need programming skills to implement their ideas. For example, leveraging flash loans for capital leverage currently requires developers to write code. Therefore, the project designs flash loans as a unique blockchain experience for non-developers, allowing users without a programming background to easily get started and continuously create strategy combinations. Furucombo realizes and expands the possibilities of combining protocols while also creating more profit opportunities for DeFi enthusiasts.