>
>

Emiri Diary #4: Pressure Makes Diamonds

July 10, 2024

In conclusion

Okay, let me start this one off with an apology.

I said that every two weeks, I’ll whip out my diary and give y'all some earlier-than-early projects, but it’s been almost four weeks since the last Emiri diary.

Is Emiri getting lazy? Is Emiri washed? Well, maybe. But that’s not the reason for the delay.

The market was rangebound for almost three months, and during that time, all I saw was unholy amounts of grifting.

Whatever new project came out was somehow almost always a scam. Even the newer projects I found seemed uninspired and like cheap copies, so I decided to just wait it out. Let the market do its thing and flush some people out.

Recently, we had that breakdown.

By no means am I saying we are back, but now we can maybe start looking at what’s still around and if there’s anything worth jumping on before the market comes back.

So let’s get into it.

#1 Mizu

Twitter - https://x.com/mizulayer

We’ll kick things off with a liquidity solution.

There isn’t much information available about Mizu at the moment, but they aim to solve the liquidity fragmentation issue in crypto. Despite all the cross-chain solutions, capital inefficiency is still rife in crypto and is an important problem that needs to be solved.

However, hundreds of projects have come before and said the exact same thing. Will Mizu be able to solve it? I have no idea. But I will have them on notifications to keep up with all the latest developments from their end, and then I will play it by ear.

#2 Babypie

Twitter - https://x.com/Babypiexyz_io

I’m sure most of you must be familiar with Magpie by now.

They’ve made many successful products across different chains and are now making another one for Bitcoin.

The Bitcoin ecosystem chatter has been a big thing over the past few months. With opportunities like staking coming to Bitcoin, Babypie will provide a liquid staking service and other yield solutions to allow BTC holders to get the most out of their BTC.

I’m not sure if Babypie will have a separate token, but it’ll be pretty good exposure to the Bitcoin ecosystem if they do.

#3 Veda Labs

Twitter - https://x.com/veda_labs

This is by no means early. They already have $900M+ TVL. However, I do believe it is pretty overlooked.

If you want the complete, detailed breakdown, check their docs, but the simplified version is this: They’re essentially a cross-chain yield aggregator of sorts.

You deposit funds into their contracts, and they invest them in various yield strategies to simplify the process for the end user.

They will be having a points program so might be worth farming it.

#4 Byzantine Market

Twitter - https://x.com/byzantinexbt

There isn’t a whole lot to this one.

Prediction markets are becoming huge in the industry, and Byzantine is simply bringing them to Bitcoin. There isn’t much information other than this, but if this interests you, you can put your email on their website for early access.

#5 GlueX Protocol

Twitter - https://x.com/GluexProtocol

This is a super interesting one.

You’ve probably heard about intents and how people are using them on-chain to improve DeFi UX.

The idea is that a user can express any intent, such as “deploy my assets in the best ETH yield farm,” and the protocol will execute it for them.

Well, GlueX will be an infrastructural piece for these intents-based protocols.

Essentially, protocols can plug in the GlueX modules to their apps and allow users to easily express their intents rather than having to navigate through apps and their different strategies manually.

It will be a major improvement in UX, and if this project has a token, it will probably be worth owning.

#6 Zellular

Twitter - https://x.com/zellular_xyz

Zellular looks like some pretty big brain stuff.

They essentially make modules and SDKs that allow developers to create high-throughput Dapps in any programming language.

Infrastructure-wise, this is a great and necessary product if we want to onboard more developers.

There are some top-tier developers who simply can’t be bothered to learn Solidity. Make this easier, and you'll probably get a good influx.

This product is, of course, a lot more technical, so check this for more info.

#7 Nudge

Twitter - https://twitter.com/nudgexyz

This is another one where there is almost no information.

The bio states that they will be “reallocating assets, liquidity, and activity on-chain”. It sounds interesting I guess but there’s no more information other than that.

The reason I’m mentioning it is because a friend who I respect highly told me to keep tabs on it so I’m doing so.

Maybe it may interest some of y’all as well.

#8 Operation Liquidity

Twitter - https://x.com/Liquid_Ops

You may have heard about the Ao computer being built on Arweave by now.

It’s a super interesting project and something that people (including myself) are super bullish on.

Operation Liquidity will be the lending and borrowing market for the Ao computer. These tend to do well on any new chain, so it’s probably worth keeping tabs on.

#9 HappyChain

Twitter - https://twitter.com/HappyChainDevs

Happy chain is a layer 2 built using the OP stack.

The premise of this L2 is different, though. They want to make it a gaming-focused chain with frictionless onboarding and free-to-play games. There will be no gas cost on the chain.

They are already partnering with gaming studios to get some cool games on there, and they will also have a HAPPY token.

All in all, it seems pretty cool.

Final thoughts

Alright, that’s all from me. I will now be more consistent with getting new projects since the quality seems to be improving.

Also, I know things look bleak now, but don’t give up.

Shakespeare once said, “Life is like a penis. Sometimes it gets hard for no reason but it never stays hard.” Keep surviving, anon.

See you in two weeks.

Opening MetaMask...
Confirm connection in the extension

The current connected wallet does not hold a LARP. To get access to the Meal Deal please connect a wallet which holds a LARP. Alternatively, visit Opensea to purchase one or visit Join the Meal Deal to purchase a subscription

Table of contents