A look at 5 projects in the Sei ecosystem that may have airdrop and development potential

The 5 Sei ecological potential projects cover application fields such as lending, DEX, sustainable DEX, and liquid staking platforms.

Written by: andrew.moh, crypto KOL

Compiled by: Felix, PANews

Sei is a DeFi-focused L1 blockchain built using Cosmos SDK and Tendermint Core, aiming to create better infrastructure. Sei token SEI has risen 700% in the past 2 months. The Sei ecosystem is currently in the early stages of development. This article is an inventory of 5 potential projects by crypto KOL andrew.moh (the data in this article is as of January 4).

Astroport（ASTRO）

Astroport is a next-generation AMM built on Cosmos. Astroport is supported by Dephi Digital. Astroport offers users more than just a platform to buy and sell tokens, but also offers passive income opportunities through its pool. Astroport supports 3 main types of pools:

• Constant product pool
• Stable exchange invariant pool
• Liquidity Boot Pool

Astroport provides strategies and products to help users earn more profits from liquidity, and it works like this:

• Users deposit LP tokens into ASTRO Generators.
• The ASTRO generator sends LP tokens to the third-party pledge contract through the proxy pledge contract.

• When a user claims a reward, the proxy staking contract receives the reward from the third party and sends it to the user.
• The ASTRO generator will also send ASTRO tokens to users.

This strategy, known as dual liquidity mining, saves users time by avoiding multiple platform transfers.

ASTRO TOKEN

*Current price: $0.1922 *ATH: $0.3 (-36.3%) *Current market capitalization: $81 million

Kryptonite（SEILOR）

Kryptonite Finance is a liquid staking platform that provides a comprehensive currency market where users can earn SEI compound interest while using leverage. Kryptonite offers two methods: lending and staking. Users can deposit stablecoins or stake kAssets to receive rewards.

Kryptonite has now added the stSEI-SEIYAN token pair. Within 12 hours of the addition, over $600,000 in liquidity was provided through stSEI—SEIYAN. stSEI—SEIYAN is the first token pair to enable liquidity staking use cases for SEI.

SEILOR TOKEN

*Current price: $0.1236 *ATH: $0.1294 *Current market capitalization: $28.3 million

Yaka Finance

Yaka Finance is a unique DEX whose Launchpad uses the Ve(3,3) model built on Sei. Yaka Finance aims to develop a solution that seamlessly complements Sei’s capabilities, thereby expanding its impact on the DeFi space.

YAKA Finance becomes the central hub for DeFi liquidity in the Sei network by prioritizing RWA and combining Sei’s strengths. The ve(3,3) model provides incentives for all Yaka ecological participants, including “veYAKA” voters, LPs, traders and protocols.

Yaka is currently still in the testnet stage and no tokens have been issued. But early backers are expected to receive airdrops.

Protocol

Kawa is a cross-chain lending protocol that provides a seamless, decentralized experience for asset lending across multiple networks. Kawa offers floating rate lending to meet the growing demand for blockchain interoperability.

Kawa’s core components:

• Kawa Core: manages the status of the protocol.
• Kawa Ports: Entrance/exit to facilitate cross-chain asset transfer.
• XCM Aggregator: Improve security against bridging vulnerabilities.

Kawa Ports supports cross-chain asset transfers between blockchains. Each blockchain has its own Kawa port for locking and withdrawing assets, and uses the XCM aggregator to communicate with Kawa Core.

The main function:

• Cross-chain transfer: Promote seamless asset transfer between blockchains and enhance interoperability.
• Communicate with Kawa Core: Interact with Kawa Core through XCM aggregator to achieve efficient communication and coordination.

Kawa has entered the testnet stage, and the team has just launched the Galxe event. Early users have the opportunity to receive rewards.

Levana Protocol（LVN）

Levana is a perpetual contract and leveraged trading protocol designed to manage risk and benefit traders/LPs. Levana solves the problems of existing models such as virtual AMM.

The Well-Funded Perps Model launched by Levana is a new perpetual contract system that solves the challenge of bridging or stablecoin risk and bankruptcy risk. In addition, thousands of assets across multiple blockchains can be supported.

Key indicators:

*Total transaction volume: over $1.6 billion *Total number of users: 15,000+ *Total transaction costs: $1.8 million

LVN Token

*Current price: $0.2189 *ATH: $0.8946 (-75.6%) *Current market cap: $18 million