DeFi
Top 8 DeFi Apps on Bitcoin L2 Stacks
Check out the top 8 DeFi apps on Bitcoin L2 Stacks with the highest number of users.
As Bitcoin enters its fully programmable era, Layer 2s are paving the way for countless new use cases for the world’s most secure, decentralized and adopted cryptocurrency. Builders are writing the next chapter for Bitcoin with Stacks, the first L2 for Bitcoin.
The Nakamoto version, bringing Fast Blocks and Bitcoin Finality to Stacks, is currently rolling out. This article explores eight different decentralized applications built on Stacks.
Please note that participating in decentralized finance (DeFi) carries inherent risks. Users should conduct thorough research and exercise caution before engaging in any DeFi activity.
Type: Decentralized Exchange, Launchpad, Farming & Staking.
What you can do: Trade assets, lend and borrow, launch products, earn yield.
Preview:
- ALEX (Automated Liquidity Exchange) aims to be the “Great app for Bitcoin“by connecting the capabilities of Bitcoin Layer 1 (L1) and Layer 2 (L2) technologies to create a DeFi platform built for Bitcoin via Stacks smart contracts.
- ALEX offers a suite of products including a decentralized exchange (DEX) using automated market makers (AMM), swaps, liquidity pools, staking, yield farming, launchpad for Bitcoin projects , a Bitcoin Oracle, and more.
- Read it documents
Here is an example of how you can get started:
1). Visit ALEXlaunch the app and connect your wallet
2). Exchange your STX for ALEX token
3). Bet on ALEX to receive a return
Type: Stacking liquid.
What you can do: Earn yield by stacking STX without losing liquidity.
Preview:
- Stacking DAO is a liquid stacking protocol on Stacks that allows users to earn native yield through Stacking and allows users to simultaneously allocate their assets to other Bitcoin DeFi protocols (and earn additional yield) .
- Liquid stacking solves the critical problem of providing liquidity to Stackers, as Stackers must lock up their STX to participate in the Stacks Consensus. Through its Liquid Stacking protocol, Stacking DAO provides users with a self-composing tokenized representation of stacked STX (stSTX).
- Read it documents
Here is an example of how you can get started:
1). Visit DAO Stackinglaunch the app and connect your wallet
2). Deploy STX in Stacking DAO
3). Receive stSTX
- 4). Receive yield and use stSTX across the Stacks DeFi ecosystem
Type: Borrowings and loans, money market on Stacks.
What you can do: Lend your assets to earn returns or borrow against your assets.
Preview:
- Zest is an on-chain lending protocol designed for Bitcoin. It aims to create a dynamic borrowing and lending ecosystem around BTC without a trusted intermediary.
- Zest Protocol offers two types of pools:
- Earn pools, where users earn a yield on their BTC
- Borrowing pools, where users borrow against their BTC
- Read it documents.
Here is an example of how you can get started:
1). Visit Zestlaunch the app and connect your wallet
2). Add STX to Liquidity Pools
3). Receive STX
Type: Decentralized exchange, farming and staking.
What you can do: Trade stablecoins, trade Bitcoin, earn yield on native BTC.
Preview:
- BitFlow is a decentralized exchange (DEX) that allows Bitcoiners to trade, borrow, and earn with their Bitcoin.
- BitFlow focuses on stable price assets (like stablecoins and Bitcoin swaps) to offer users deep liquidity pools and low fees. Additionally, by focusing on Bitcoin, BitFlow will provide a yield on native BTC without introducing custody risk.
- Read it documents
Here is an example of how you can get started:
1). Visit BitFlowlaunch the app and connect your wallet
2). Deploy the stSTX token into the STX-stSTX reward pool
3). Receive STX
Type: Coffers.
What you can do: Put your stSTX in a safe to gain yield.
Preview:
- Hermetica is a DeFi protocol based on Bitcoin.
- Hermetica is the safest way to operate your Bitcoin. Earn, trade and accumulate more Bitcoin without ever giving up custody of your tokens.
- Hermetica Vaults are automated, self-executing strategy entities through which the user can deposit assets and the vault executes investment strategies.
Here is an example of how you can get started:
1). Visit Hermeticlaunch the app and connect your wallet
2). Deposit stSTX into Earn Vault
3). Receive yield on your stSTX
Type: Stablecoin, collateralized debt position.
What you can do: Get a synthetic dollar called USDA.
Preview:
- Arkadiko is a DeFi platform that allows users to obtain a stablecoin, USDA, using STX as collateral. This stablecoin can be used in DeFi.
- Arkadiko leverages the stacking rewards of STX tokens to create a self-repayable loan paid by the yield earned from stacking STX.
Here is an example of how you can get started:
1). Visit Arkadikolaunch the app and connect your wallet
2). Exchange STX for USDA
3). Exchange USDA for USDC on Bitflow
Type: Bridge.
What you can do: Link your Bitcoin L2 assets to Bitcoin meta-protocols and other chains.
Preview:
- Bitcoin Bridge aggregates liquidity on Bitcoin L2s, with the aim of bringing a “native-like” DeFi experience to Bitcoin.
Here is an example of how you can get started:
1). Visit XLINKlaunch the app and connect your wallet
2). Link your USDT from Ethereum to sUSDT on Bitcoin L2 Stacks
Type: Decentralized exchange.
What you can do: Trade assets, earn yield and trade with leverage.
Preview:
- Velar is a liquidity protocol with a suite of DeFi services built on Stacks. Velar uses automated market makers to bring trading and yield farming to Bitcoin.
- Coming soon: Velar is also building a decentralized perpetual exchange, allowing users to trade with up to 20x leverage.
Here is an example of how you can get started:
1). Visit Velarlaunch the app and connect your wallet
2). Add STX to Liquidity Pools
3). Receive STX
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong
Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.
Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.
According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.
“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.
I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.
The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.
“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”
I expect them to launch actively managed crypto ETFs [in the] coming years. ”
Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.
“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.
Chasing mass adoption of normies may be chasing the wrong Grail from the start.
Don’t miss a thing – Subscribe to receive email alerts directly to your inbox
Check Price action
follow us on X, Facebook And Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investments in Bitcoin, cryptocurrencies or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/ktsdesign
DeFi
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.
The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.
Bonk remains strong despite market fluctuations
While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.
Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.
Pepe should see a big rise in the next bull run
Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.
Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.
In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.
Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4
Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.
With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.
Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.
The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.
RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.
Discover the exciting opportunities of the Rollblock (RBLK) presale today!
Website: https://presale.rollblock.io/
Social networks: https://linktr.ee/rollblockcasino
No spam, no lies, only insights. You can unsubscribe at any time.
-
Tech9 months ago
The Latest Tech News in Crypto and Blockchain
-
DeFi9 months ago
🪂EigenLayer Airdrop Claims Go Live
-
News6 months ago
AI meme Raboo and crypto newbie ZRO
-
Altcoins6 months ago
Altcoins Are Severely Undervalued, Awaiting Ethereum Move | Flash News Detail
-
Altcoins6 months ago
Altcoins Correct Amid ETH Decline, Grayscale Outflows | Flash News Detail
-
DeFi6 months ago
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
-
News6 months ago
Donald Trump vows to make the US a ‘Bitcoin superpower’ and create a national stockpile of tokens
-
DeFi9 months ago
🥛 The “war on DeFi” continues ⚔️
-
DeFi9 months ago
TON Network Surpasses $200M TVL, Boosted by Open League and DeFi Growth ⋆ ZyCrypto
-
DeFi6 months ago
If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation
-
DeFi8 months ago
🏴☠️ Pump.Fun operated by Insider Exploit
-
Tech6 months ago
Logan Paul Offers Partial Refund for Failed CryptoZoo Game