2 New Dapps That Might Be the Next in NFT & DeFi

Paras - Create, Trade and Collect Digital Art Cards on Near

Paras is an all-in-one social digital art cards marketplace for creators and collectors, built on the Near blockchain.

Unlike some large NFT marketplaces where users can freely mint their own NFTs of all types, Paras takes a curated approach to create an NFT experience and community. Just as a successful art gallery or trading card publisher directs their limited space to meet the needs of their users, Paras selects artists and formats to ensure consistent quality. Artists on Paras must apply and be approved to create new cards, and the number of new artists approved is limited, with only 30 new artists approved per week. The platform also requires all art pieces to conform to the same 64:89 aspect ratio and contain a set of standardized information. 

Artists on Paras release their pieces in collections of related pieces, which gives buyers an overview of what the artist can do and several related pieces to choose from. You can find the stats of cards clearly on Paras.

Maybe even more importantly, the collection-based approach gives the artist a chance to tell a story with their pieces, or give multiple views on a subject. Even if you are just browsing, it’s fun to read about each card and feel the story emerge.

Paras is definitely gaining more and more crypto art collectors as its NFT Trader sharply grew 697.52%.

Actually it has had a great on-chain performance in the past 90 days, with all data increasing dramatically.

Rabbit Finance - Yielding Mining Protocol Supporting 10 Times Leverage

Rabbit Finance is a leveraged yield farming protocol based on Binance Smart Chain (BSC). It supports users participating in liquidity farming through over-lending plus leverage to get more revenue.

When you have insufficient funds but still want to participate in DeFi liquidity farming, Rabbit Finance can provide up to 10X the leverage to help users obtain the maximum revenue per unit time, and at the same time provide a borrowing pool for users who prefer stable returns to earn profits.

$RABBIT token is a governance token of Rabbit Finance. It will also capture the economic benefits of the protocol.

How to participate in Rabbit Finance and earn? There are 2 different ways:

• Lender

Rabbit Finance allows you to earn income on your base assets by depositing them into our vaults. These assets will then be offered to yield farmers for leveraging up their positions.

• Farmer: 

There are basic staking pools, where you stake your LP tokens to earn.

Besides, as a farmer, you can earn a higher yield by opening a leveraged position on Rabbit Finance. The highest APY is up to 689.3% at the time of writing. Of course, this comes with bigger risks: liquidation, impermanent loss, etc.

At launch, Rabbit Finance supports 5 base assets BTCB, ETH, USDT, BNB and BUSD , and integrates the leveraged farming with MDEX and PancakeSwap.

Since the protocol went live in Apr, Rabbit Finance’s on-chain performance has first experienced a great rise and started to fall after the user/transaction/volume ATH on 24th May.

Can it become the Alpha Homora on Binance Smart Chain (What Is Alpha Homora and How to Use It?)  Keep an eye on its data dashboard and track its performance!

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