Original author - Kain Warwick, founder of Synthetix
Compiled - Odaily Azuma
Editors note: As Bitcoin exceeded US$42,000 and led to the surge of some altcoins, the anxiety of shortfall once again spread in the market. At the moment, perhaps what ordinary investors most expect to see is the accurate “wealth password” given by top opinion leaders.
This afternoon, Synthetix founder Kain Warwick (kain.eth) listed the names of 11 projects that he is paying close attention to on his personal social media account, calling these projects buds in the long cold winter.
The following is the original content of Kain Warwick, compiled by Odaily.
Lrya（LYRA）
Positioning: Options protocol on Layer 2 such as Optimism.
Official account:https://twitter.com/lyrafinance
kain.eth Comment: The Lyra community has the vibe of Synthetix in early 2019, which I rarely see in other project communities, and Lyra v2 is about to be released.
Optimism（OP）
Positioning: Leading Layer 2 network.
Official account:https://twitter.com/optimismFND
kain.eth comments: “Super Chain” will be a dominant narrative in 2024. The technology is sound and will get better, and we will see more new chains choose to deploy based on OP Stack next year.
Ammalgam (no token yet)
Positioning: An emerging DeFi protocol that integrates lending and trading.
Official account:https://twitter.com/ammalgam
kain.eth review: This was one of the first projects I mentored. They have completed a small seed round of financing and are still working hard to polish the product and are expected to launch a beta version soon. They are raising more money.
Thales（THALES）
Positioning: Derivatives DeFi protocol.
Official account:https://twitter.com/thales_io
kain.eth review: Thales is one of the most low-key ecosystems. Honestly, I think they need to do some consolidation before the bull run because they have 80 sub-projects. They have been building for many years and are deep into the GambleFi space.
Tazz (no token yet)
Positioning: Decentralized debt market.
Official account:https://twitter.com/tazz_finance
kain.eth Comment: I have suggested that they rebrand, but they havent done so yet for some reason. I think on-chain bonds will be a big theme next year as projects look to finance with debt rather than equity.
Illuvium（ILV）
Positioning: AAA-level chain games.
Official account:https://twitter.com/illuviumio
kain.eth review: I went from $1800 all the way to under $40. I dont know if they have enough meme stuff ready for the games release, but they should. When Illuvium comes out, I think its going to surprise some people.
Pyth（PYTH）
Positioning: Oracle service.
Official account:https://twitter.com/PythNetwork
kain.eth comment: I am very optimistic about this project. Even in the bear market, they are constantly working hard and launching new solutions.
dYdX（DYDX）
Positioning: Leading derivatives protocol.
Official account:https://twitter.com/dYdX
kain.eth Comment: If DYDX token holders can unite to overthrow the autocratic founder Antonio, I will be bullish.
Curve（CRV）
Positioning: leading DEX.
Official account:https://twitter.com/CurveFinance
kain.eth comment: Although I still feel pain about being ravaged by Mitchwill (Curve founder) in 2020, the ve concept is still very energetic in the bull market.
Lit Protocol (no token yet)
Positioning: Key management infrastructure, has received US$13 million in Series A financing led by 1kx.
Official account:https://twitter.com/LitProtocol
kain.eth Comment: To be honest, I didnt even want to put this project on the list because they are currently Infinexs secret sauce.
Infinex (no token)
Positioning: DEX market based on Synthetix, supporting derivatives trading.
Official account:https://twitter.com/infinex_app
kain.eth Comment: This project is scaling faster than any project I have ever seen, and the DEX war has just begun.
