On September 28th, 20 teams participated in a demo day hosted by the Filecoin Launchpad Accelerator operated by Tachyon. This accelerator is a 6-week course dedicated to incubating young Web3 companies. Below is an overview of the DeFi projects that appeared in the accelerator and displayed during the demo day.
Hedgey Finance is an agreement to add the option market to any token.
What is Hedgey Finance?
Hedgey Finance provides option contracts to all markets. An option is a saleable agreement that gives the holder the right to buy and sell goods (in this case tokens) at a specific price. Some options will expire, so they are limited to a specific time window. Options open up the potential for smoother market movements.
What problem does Hedgey Finance solve?
Provide DeFi options: The DeFi field is rich in investment but scarce in cash. This is a crisis of agreement financial management. Options allow traders to use options for long-term trading without the need for leverage.
A conditional agreement for all tokens: if a person wants to invest in tokens, they can set the price for automatic buying and selling of specific tokens. Hedgey Finance is building infrastructure for more than 9,000 tokens.
Hedgey’s dashboard makes it easy to view the put and call options available in the market. The dashboard also provides a convenient way to manage trading portfolios.
So far, no one else in the world offers option trading of crypto assets, so this is a revolutionary step to increase leverage for crypto traders. It is a unique extensible product that creates a framework of options for the DeFi field. Hedgey Finance is both a capital management infrastructure and an option trading platform.
Learn more about Hedgey Finance
Learn more about Hedgey Finance and learn about their business and products here: https://hedgey.finance
A DeFi protocol used to manufacture synthetic tokens for widespread distribution in the real Asian market.
What is Tamago Finance?
Tamago Finance seeks to make the Asian market easier to enter through its agreement. Asia provides a ready market for synthetic tokens, mainly because the United States has expressed concerns about trading. Tamago Finance seeks to provide this synthetic token to the Asian market, allowing them to trade easily and have more asset choices through the token.
What problem does Tamago Finance solve?
Flexible trading in the Asian market: Tamago Finance is a method that allows Asian markets to seamlessly trade with each other by using this synthetic token.
Add stability to synthetic tokens: Tamago Finance adopts a hybrid token model to adapt to bull and bear markets. They achieve this by combining stablecoins and their native tokens.
Tamago Finance is a unique way to provide global traders with opportunities to participate in emerging markets. Using their tokens as investment capital, without registering a trading account, anyone can enter emerging markets such as Singapore and Indonesia. Conversely, companies in places such as Singapore and Indonesia can benefit from Western investments without having to establish their own business on the exchange.
Learn more about Tamago Finance
Want to learn more about Tamago Finance? Check them out here: https://tamago.finance/
SmartFunds is a simple, automated and compliant fund management tool.
What is SmartFunds?
Fund startups often have huge barriers to entry, such as capital requirements or narrow investment strategies. SmartFunds aims to help funds overcome these obstacles. Hedge funds usually spend $3 billion on management. SmartFunds simplifies this process and significantly reduces costs by applying smart contracts.
What problem does SmartFunds solve?
Huge start-up and management costs for hedge funds: Due to the automated processing of smart contracts, there is no need to manage feeds, and the start-up management price is significantly reduced.
Complex procedures: SmartFunds can start and run a hedge fund within a few minutes.
Transparency and accountability: no one is involved in managing these funds, so there is no possibility of human fraud. Blockchain allows transparent investigations of the progress and holdings of funds.
SmartFunds registered the first compliant US hedge fund. The fund has no human administrators but relies on smart contracts to perform its operations. Yield Farming Fund ($YFF) is still the only US hedge fund with no human managers and no bank account.
Learn more about SmartFunds
If you are interested in what SmartFunds are doing and want more information, you can find them here:
Gamification of investment using blockchain, NFT and Yield Farming.
What is Clam Island?
Through gamification, Clam Island hopes to make people’s investment fun, easy and enjoyable. Most people hate investing because it is tedious and complicated. Only those who are truly fascinated by finance become investors.
The game has the opposite problem-it is fun and addictive, but it wastes time and does not make much money. Clam Island combines the two to create an immersive 3D game that uses blockchain for stability and NFT for sustainability.
What problem does Clam Island solve?
Lack of interest: Explaining to someone that investing can be a complicated subject, but the game is simple and intuitive. Clam Island hopes to make investing as simple and intuitive as a game.
Expansion of the blockchain game market: The investment in the platform creates a financial ecosystem that encourages exploration and games, while also making money for players through games.
Clam Island is a unique game method that combines NFT and tries to make investment more acceptable. There are several other blockchain-based games in development, but the value proposition of Clam Island is to create a sustainable financial ecosystem that allows players to be completely immersive.
Learn more about Clam Island
If you are a gamer interested in blockchain games that can help you make money while playing, you should check out Clam Island here: https://clamisland.fi
Boto is an online no-code platform that allows users to build robots to automatically perform online tasks.
What is Boto?
Robot development is a complicated process, but most non-professionals do not know how to write robot code. Boto provides these non-professionals with a way to create robots that can help them automate online tasks. Boto does not limit the number of users based on their coding skills, but makes the creation of automated robots more popular.
What problem does Boto solve?
Complexity: Automation does not require one person to know how to write a Solidity contract. Instead, they can use Boto to develop a bearish or bullish robot for automated trading.
Cooperation: Ideally, Boto hopes to become a central repository for automated trading robots that other users can copy for their own use.
As the DeFi space opens up to non-professionals, tools are needed more than ever to allow them to take advantage of the opportunities DeFi provides. Boto provides ordinary users with the opportunity to experience automated trading, and can even develop their own logic according to their personal strategies.
Learn more about Boto
If you are interested in learning how to make automated robots, you can check Boto here: http://botoapp.io/