#DYOR : Four Projects With Upcoming Catalysts
Synapse [$SYN$]
Synapse is building an Ethereum L2 that aims to become a hub of cross-chain DeFi. With a user-friendly interface and high trading volume, many investors believe that Synapse has the potential to become the first L2 protocol with its own major bridge. In addition, several large Twitter accounts have expressed their support for Synapse, which could result in a surge of FOMO once the Synapse Chain launch date is announced.
One interesting feature of Synapse is that investors can farm Syn with stablecoins on most chains, with some yield farming platforms offering an APY of around 31%.
Yearn [$YFI$]
Yearn is a popular decentralized finance (DeFi) platform that has two major catalysts in the works: yETH and veYFI. yETH is Yearn's take on liquidity-sensitive deposits (LSDs), which will provide exposure to a basket of LSDs with high APY. VeYFI, on the other hand, will supercharge Yearn's tokenomics by adding profit-sharing and gauges, which could result in increased demand for YFI to vote on vaults.
It is worth noting that Yearn already has zero inflation, which could make it an attractive investment option for those looking for a stable and reliable investment opportunity.
Pendle [$PENDLE$]
Pendle is a yield trading protocol that allows users to speculate on the future yield of interest-bearing assets or buy future assets at a discount. The recent launch of Pendle V2 has resulted in a significant increase in protocol activity, and Pendle has indicated that they will be launching on Arbitrum, a new hub of DeFi.
While the market may not fully appreciate the potential of Pendle's offerings, many investors believe that it has the potential to become a game-changer in the DeFi space.
Polygon [$MATIC$]
Polygon, also known as Matic Network, is a Layer 2 scaling solution that is designed to improve the scalability and usability of the Ethereum network. While some investors may be hesitant to invest in Polygon due to its relatively poor user experience, Polygon is set to launch several ZK-based Layer 2 scaling solutions, including ZkEVM, on March 27.
This represents a significant leap forward in rollup technology and could potentially catalyze a new narrative for Polygon.
It is important to note that the information provided in this article is not financial guidance and should not be construed as such. As with any investment opportunity, it is advisable to conduct your own research before making any investment decisions. Nonetheless, with these upcoming catalysts, these four projects could be worth keeping an eye on in the near future.
