Share 3 projects that received funding during the bear market and identify potential winners.

Share 3 funded projects during the bear market and predict potential winners.

There is still no sign of recovery in the cryptocurrency financing market after 2022. The financing amount has remained stagnant for several months, with only 99 financing transactions in June, including only 14 financing transactions in the DeFi field, totaling 48 million US dollars. Cryptocurrency researcher Ignas shared three projects that received financing during the bear market: TapiocaDAO, PWN, and Neutron.

TapiocaDAO is a cross-chain lending protocol based on LayerZero that supports over 17 EVM and non-EVM networks. It has its own stablecoin USDO, which can be used as collateral for borrowing and loan repayment with earned interest. It raised $6 million from multiple venture capitalists and KOLs.

PWN is a P2P lending platform that allows users to use any token, including NFTs, as collateral. Borrowers create loan requests with token amount and desired repayment term to ensure attractive terms for lenders. The team raised $2 million from Starkware and others.

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Neutron is the first project to use Cosmos’ replicated security and is launched as a Cosmos Hub consumer chain. Users earn $NTRN rewards by staking $ATOM. Neutron enables cross-chain DeFi where dApps are deployed on Neutron instead of launching and incentivizing their own validator set. The team raised $10 million from Binance, Coinfund, and others.

Reference: https://twitter.com/DefiIgnas/status/1676130839535697920

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