Author: andrew.moh, Crypto KOL

Translation: Felix, PANews

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

Astroport (ASTRO)

Astroport is the next-generation AMM built on Cosmos. Astroport is supported by Dephi Digital. Astroport not only provides a platform for buying and selling tokens but also offers passive income opportunities through its liquidity pools. Astroport supports 3 main types of pools:

• Constant product pool
• Stable exchange invariant pool
• Liquidity bootstrapping pool

Astroport provides strategies and products to help users earn more profits from liquidity. Its operation principle is as follows:

• Users deposit LP tokens into ASTRO Generators.
• ASTRO Generators send LP tokens to third-party staking contracts through delegate staking contracts.

• When users claim rewards, the delegate staking contract receives the rewards from the third party and sends them to the users.
• ASTRO Generators also send ASTRO tokens to users.

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

ASTRO Token

• Current price: $0.1922
• ATH: $0.3 (-36.3%)
• Current market cap: $81 million

Related reading: Cosmos ecosystem set to explode? An article summarizing important developments and hot projects in Cosmos

Kryptonite (SEILOR)

Kryptonite Finance is a liquidity staking platform that provides a comprehensive currency market, allowing users to earn SEI compounding while using leverage. Kryptonite offers two methods: borrowing and staking. Users can deposit stablecoins or stake kAssets to earn rewards.

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

SEILOR Token

• Current price: $0.1236
• ATH: $0.1294
• Current market cap: $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 influence in the DeFi space.

Yaka Finance, by prioritizing RWA and combining the advantages of Sei, becomes the central hub of DeFi liquidity in the Sei network. The ve(3,3) model provides incentives for all Yaka ecosystem participants, including "veYAKA" voters, LPs, traders, and protocols.

Yaka is currently in the testnet phase and has not issued tokens. However, early supporters are expected to receive airdrops.

Related reading: SEI coin price breaks new highs, what are the opportunities to participate in its ecosystem?

Kawa

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

Kawa's core components:

• Kawa Core: Manages the protocol's state.
• Kawa Ports: In/Outlets that facilitate cross-chain asset transfers.
• XCM Aggregator: Enhances security against bridge vulnerabilities.

Kawa Ports support cross-chain asset transfers between blockchains. Each blockchain has its own Kawa port for locking and extracting assets, and communicates with Kawa Core using the XCM Aggregator.

Key features:

• Cross-chain transfers: Facilitates seamless asset transfers between blockchains, enhancing interoperability.
• Communication with Kawa Core: Efficient communication and coordination with Kawa Core through the XCM Aggregator.

Kawa has entered the testnet phase, 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 leverage trading protocol designed to manage risk and benefit traders/LPs. Levana addresses the challenges of existing models such as virtual AMMs.

Levana's Well-Funded Perps Model is a new type of perpetual contract system that addresses the challenges of bridge or stablecoin risks and bankruptcy risks. It can also support thousands of assets across multiple blockchains.

Key metrics:

• Total trading volume: Over $1.6 billion
• Total users: 15,000+
• Total trading fees: $1.8 million

LVN Token

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

Related reading: Sei's ultimate marketing rule: "Make headlines" with news, "Sunshine Airdrops" sweep the crypto community

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