Is Arbitrum about to issue tokens? A look at 10 rapidly rising Arbitrum ecosystem tokens

Source: Blockbeats

With the expectation of token issuance, the Arbitrum ecosystem has recently become the biggest focus of the market, with many project tokens within the ecosystem experiencing significant increases. What projects are currently being discussed in the community? What tracks are they laying out? This article provides a brief overview.

Trident

On February 5, Arbitrum's ecosystem game Trident announced the completion of a $3 million financing through a public token issuance. According to the official explanation, this public issuance was over-subscribed by approximately 4.91% due to a team error, and the excess will be supplemented by tokens held by the team, with the total token supply remaining unchanged.

Trident is a free web3 MMO game, also a procedurally generated infinite universe, proposing a new sustainable GameFi model called "Risk To Earn." Risk To Earn not only rewards participating players but also rewards based on players' game performance, providing opportunities for all players who want to win matches based on skill rather than how many tokens they hold or which characters they can afford.

Dopex

Dopex is a decentralized options protocol within the Arbitrum ecosystem, aimed at maximizing liquidity and returns for both options buyers and sellers. Dopex has designed its own Single Staking Option Vaults (SSOV) model, allowing users to lock tokens for a specified period and sell these staked assets as call or put options at a fixed strike price chosen from different expiration dates.

Premia

Premia is a decentralized options market based on a peer-to-pool architecture, similar to options markets like Uniswap or SushiSwap. After selecting the options they want to trade on the Premia AMM, users will receive filtered quotes from the options pool and purchase American options.

Buffer

Buffer is also a non-custodial peer-to-pool options protocol where traders can create, purchase, and settle options on liquidity pools without a counterparty (options writer). Buffer enables everyone to trade options more efficiently than their centralized counterparts.

Camelot

Camelot is an efficient DEX designed to support the Arbitrum ecosystem by building flexible and sustainable liquidity, providing all the tools needed for new protocols on Arbitrum to launch, guide liquidity, and maintain growth. Camelot aims to create an innovative emission strategy that utilizes sustainable token economics to align incentives among builders, users, and protocols in pursuit of sustainable returns.

GMD Protocol

GMD Protocol is a yield optimization and aggregation platform. The protocol's first products are single-asset staking vaults for BTC, ETH, and USDC built on GMX and GLP, with GMD's reserves generating income from the yields of GLP and single-asset staking vaults. In the future, GMD will establish a derivatives platform with various yield strategies, including long strategies, short strategies, news trading, social trading, and arbitrage anchored assets.

Umami

Umami is a hybrid DeFi protocol and digital asset custody platform aimed at becoming a leader in institutional DeFi adoption, launching its first yield vault in Q4 2022. Umami's vaults use trustless, non-custodial smart contracts, and the platform itself does not hold or control depositors' assets, allowing clients to deposit or withdraw at any time.

PlutusDAO

Plutus is a governance aggregator native to Arbitrum, aimed at maximizing liquidity and rewards for users within the ecosystem while aggregating the governance influence of its governance token, PLS. Plutus aims to become the Layer 2 governance hub for projects using veTokens. Currently, Plutus has two main products: plsAssets, which relates to governance aggregation and maximizing user liquidity and rewards, and plvAssets, which is a convenience vault product designed to expand user rewards.

Vesta

Vesta is a stablecoin protocol within the Arbitrum ecosystem that allows users to deposit collateral to mint the dollar stablecoin VST (Vesta Stable). While users obtain stablecoins, Vesta can directly deposit them into Vesta's collateral, such as GMX, GLP, etc., to earn yields for users.

Yieldification

Yieldification is a DeFi platform supporting NFTFi, currently consisting of three main components: perpetual contract trading, OTC trading, and NFT trading. The YDF ecosystem is building unique NFT utilities aimed at generating additional income for NFT players and providing investors with more long-term investment yield options.