Often the buzz centers around potential airdrops, such as the highly anticipated $ZRO. However, industry experts suggest a broader, more informed strategy: focusing on the complete ecosystem of LayerZero Labs.
This strategy has previously yielded impressive results, particularly with the Arbitrum play. But how does it work? Let’s delve into the details.
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Show more +Previously, a deep-dive into Arbitrum and its promising projects was published. The projects highlighted included $GMD by GMD Protocol, $GRAIL by CamelotDEX, $XCAL by 3xcalibur69, $RDNT by RDNT Capital, and $BFR by Buffer Finance. While some of these projects didn’t quite hit the mark, others performed exceptionally well.
The strategy was simple: purchase promising native projects during market dips to capture gains when or if an airdrop occurs and the ecosystem evolves. The key here is timing the market to buy during “the dip”.
This time around, the focus is on several protocols within the LayerZero Labs ecosystem. The goal is to identify buying opportunities either during periods of extreme market fear or shortly after a project’s launch.
Topping the watchlist is $TAP, a project by Tapioca DAO. This project is unique as it’s the first of its kind to offer a truly omnichain lending protocol combined with the omnichain stablecoin $USD0. The innovative approach at every stage of growth makes it a strong contender.
While the $TAP token is not yet live, it’s expected to be launched soon. The initial public sale will be in the form of a Liquidity Bootstrapping Pool (LBP). More information about the protocol and its launch can be found here.
Stargate Finance’s $STG is currently the flagship project built on LayerZero. It has been in accumulation for over a year, and Stargate v2 is expected to launch in a few months. The project is integrated by many protocols, and more fees equate to more yield. However, it’s worth noting the high emission and a market cap exceeding $100 million.
TBC by PolyhedraZK is an infrastructure for cross-chain interoperability. It’s a project to watch, with potential to be one of the next Binance Launchpad projects. Key points to note include solid investors, innovative technology, and an official partnership with LayerZero Labs.
Several other projects in their early stages are also worth mentioning. These include Holograph, InterSwap, Superform, Valio, and Cashmere Labs.
The LayerZero Labs ecosystem is still relatively young, and it’s exciting to see more solid projects emerging. As with any investment strategy, it’s important to keep an eye on the market and adjust your strategy as necessary.
