Sui Ecosystem Potential Projects Review: Seven Protocol Layout Strategies

Recently, Sui has attracted attention as an emerging Layer 1 blockchain platform. Its innovative parallel processing technology and Move programming language provide convenience for smart contract development. The SUI token briefly surpassed $1.4 today, with a 24-hour increase of over 10%. Meanwhile, the total locked value of the Sui ecosystem, (TVL), continues to rise, reflecting the growing interest of users and developers in the platform.

Currently, there are several protocols in the Sui ecosystem that have not yet issued tokens. Considering that Sui may continue to maintain its growth momentum, now might be an ideal time for early positioning. Crypto researcher Xremlin has analyzed 7 potential protocols and their interaction strategies. Notably, most of the following protocols involve providing liquidity, and it is recommended to invest at least 100 SUI in each protocol.

Haedal Protocol

Haedal Protocol is a liquidity staking protocol built on Sui, allowing users to contribute to the governance and decentralization of the Sui blockchain by staking SUI. The project has confirmed that it will issue tokens.

Steps to stake SUI:

1. Visit the staking page
2. Connect Wallet
3. Enter the amount of SUI
4. Click "Stake SUI"
5. Receive haSUI tokens

Volo

Volo is another liquid staking solution running on Sui, aimed at maximizing the utility and liquidity of SUI tokens. The project also confirms the issuance of tokens.

Steps to stake SUI:

1. Access the staking page
2. Connect Wallet
3. Enter the amount of SUI
4. Click "Staking"
5. Receive vSUI tokens

Note: Tokens obtained from the liquidity staking protocol can be used in other DeFi projects, allowing users to interact with multiple protocols simultaneously, increasing the chances of receiving airdrops.

Scallop

Scallop is a lending protocol on Sui and is the first DeFi project to receive official funding from the Sui Foundation. The second airdrop event is currently underway.

Interaction Steps:

1. Access the application page
2. Connect Wallet
3. Supply Token
4. Borrowing Tokens
5. Complete the task

NAVI Protocol

NAVI Protocol is another lending protocol based on Sui, allowing liquidity providers or borrowers to participate in the Sui ecosystem. The protocol features a points system that can be used to generate NAVI tokens.

Steps to earn points:

1. Access the application page
2. Connect Wallet
3. Supply Token
4. Borrowing Tokens
5. Complete the task

BlueFin

BlueFin is the fastest decentralized perpetual protocol in the Sui ecosystem. The project has successfully raised nearly $30 million in funding, with investors including well-known institutions.

Steps to participate in pre-mining:

1. Visit the official website
2. Click "Trade Now"
3. Start Trading
4. Invite Friends

In addition, users can also apply to become a "BlueFin Pioneer Ambassador".

KriyaDEX

KriyaDEX is a comprehensive DeFi platform that offers a variety of services ranging from lending to perpetual trading. Users can obtain KRIYA tokens by participating in the "Chakra" event. The second phase of the event is about to begin.

Participation Steps:

1. Access the trading page
2. Conduct token transactions
3. Provide liquidity
4. Complete the task

Users can view their performance on the "Rewards" page.

Bucket Protocol

Bucket Protocol is a CDP protocol (Collateralized Debt Position protocol) based on Sui, aimed at improving capital efficiency and stabilizing stablecoin prices. The project is funded by the Sui Foundation and has confirmed that it will issue tokens.

Participation Steps:

1. Access the application page
2. Click "Position"
3. Use the selected collateral to borrow BUCK
4. Click "Tank Pools"
5. Deposit BUCK into the pool
6. Click "Fountain"
7. Staking LP tokens

With the launch of the Sui Network mainnet and the gradual development of its ecosystem, these projects offer potential opportunities for early participants. However, the inherent risks of the cryptocurrency market mean that investors should proceed with caution, conducting thorough research and risk assessment.