Best Early Stage Projects With Huge Funding in May 2023 - Part 1

This is the fourth part of this article. You can read the third part here

Let’s keep discovering other crypto projects.

1) Nomiks

Nomiks is a web3 consulting and risk management firm that searches for the most lucrative, technological, and commercial prospects. Also, they continuously track usage patterns and gain knowledge from them in order to find new ways to make decisions with big data analytics in the Web3 industry.

One of his latest achievements has been closing a $1.1M funding round with participation from Outlier Ventures and Cygny Capital.

They currently have important partners like NEAR, Crypto Valley, My Seed Advisor, among others.

2) Cookbook

Cookbook is a web3 directory that let users can find smart contracts, and solidity libraries to discover protocols. Their database includes ERC-20, ERC-721, ERC-1155, DAOs, and utility protocols. For example: Filecoin, Azuki, Moonbirds, Compound, and Lens.

One of his latest achievements has been completing a $2M funding round with participation from Alchemy Ventures, MaC Venture Capital, and others.

Also, developers can view smart contract audits, docs to manage/interact with those smart contracts in its UI. This platform is available for EVM-compatible blockchains.

3) Flux Finance

Flux Finance is a platform that enables lending and borrowing against tokenized US treasures provided by Ondo Finance. OUSG makes all of its investments through the iShares Short Treasury Bond ETF (SHV) from Blackrock and makes use of independent, licensed service providers.

This protocol is a fork of Compound v2, which has been in existence since 2019 and has been audited by OpenZepellin, Certora, and Trailofbits. One of his latest achievements has been completing a $5M Strategic funding round led by UXD Protocol.

You can start participating in this lending/borrowing protocol with Metamask, Coinbase Wallet, Ledger, Fireblocks, and Gnosis Safe.

4) Siphon Lab

Siphon Lab is a decentralized finance startup on the Sui blockchain that provides a derivate exchange and a liquid staking solution with a re-staking strategy. They will have an airdrop in June that will distribute 10M tokens.

One of his latest achievements has been closing a $1.2M Seed round with participation from Waveline Capital, BT Growth Capital, Uno Ventures, and others.

According to their roadmap, Siphon Lab will launch an IDO (Private / Public Round) and its Mainnet in May of this year.

5) Polynomial Protocol

Polynomial Protocol is a decentralized derivatives trading platform that provides up to x25 leverage. They are partnered with important team members of Pantera Capital, Quantstamp, Polygon, Bankless, among others.

One of his latest achievements has been raising an undisclosed amount in a Seed round with participation from Caballeros Capital, Archetype, and others.

6) Smilee Finance

Smilee Finance is an on-chain derivatives trading platform. the platform translates Impermanent Loss (IL) into a portfolio of options to construct any type of volatility-based reward by modeling liquidity providers as options sellers.

One of his latest achievements has been closing a $2M Seed round led by Dialectic.

Smilee Finance is backed by Outlier Ventures, Neworder, and Uniswap.

7) Dolomite

Dolomite is a money market and DEX protocol that unlock dormant cash by borrowing and lending in new ways and with new assets via robust DeFi ecosystem integrations. In other words, users can margin trade a lot of our preferred DeFi assets versus stablecoins or other defi tokens.

One of his latest achievements has been raising $2.5M in a funding round led by Draper Goren Holm and NGC.

Also, users can yield farm with leverage and triple yields by using your Dolomite LP tokens as collateral, earning interest on your margin loans, LP trading commissions, and rewards from leveraged yield farming all at once.

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