Detailed Explanation of 7 Potential Projects in the Sui Ecosystem: Layout Strategy and Interaction Guide

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Potential Projects and Interaction Strategies of the Sui Ecosystem

In the field of cryptocurrency, early positioning is key to obtaining substantial returns. Sui, as an innovative Layer 1 blockchain, is attracting increasing attention with its parallel processing capabilities and simplified smart contract development using the Move programming language.

Recently, the price of SUI tokens has performed strongly, breaking above $1.4 with a 24-hour increase of over 10%. Meanwhile, the total locked value of the Sui ecosystem (TVL) continues to rise, indicating a growing interest from users and developers in the platform.

Currently, there are multiple protocols in the Sui ecosystem that have not yet issued tokens, providing potential opportunities for early participants. This article will introduce 7 promising protocols and their interaction strategies, most of which involve providing liquidity. It is recommended to invest at least 100 SUI tokens in each protocol.

Haedal Protocol

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

Pledge Steps:

  1. Connect Wallet
  2. Enter SUI amount
  3. Click "Stake SUI"
  4. Receive haSUI tokens

Volo

Volo is another liquidity staking solution built on Sui, aimed at maximizing the utility and liquidity of SUI tokens. The project has also confirmed that it will issue tokens.

Pledge Steps:

  1. Connect Wallet
  2. Enter the SUI amount
  3. Click "Staking"
  4. Receive vSUI tokens

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

Scallop

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

Interactive Steps:

  1. Connect Wallet
  2. Supply Token
  3. Borrowing Tokens
  4. Complete the task

NAVI Protocol

NAVI Protocol is another lending protocol based on Sui that allows users to participate in the Sui ecosystem. The protocol has a points system that can generate NAVI tokens.

Steps to Earn Points:

  1. Connect Wallet
  2. Supply Token
  3. Borrowed Tokens
  4. 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.

Participation Steps:

  1. Start trading on the platform
  2. Invite Friends
  3. You can apply for the "BlueFin Pioneer Ambassador Program"

KriyaDEX

KriyaDEX is a comprehensive DeFi platform that offers a wide range of services from lending to perpetual trading. Users can earn KRIYA tokens through the "Chakra" activities.

Participation Steps:

  1. Trade tokens and generate trading volume
  2. Provide liquidity
  3. Complete the task

Bucket Protocol

Bucket Protocol is a CDP protocol based on Sui, aimed at improving capital efficiency and stabilizing stablecoin prices. The project has received funding from the Sui Foundation and has confirmed that it will issue tokens.

Participation Steps:

  1. Borrow BUCK using the selected collateral.
  2. Deposit BUCK into the pool
  3. Staking LP Tokens

With the launch of the Sui Network mainnet and the gradual development of the community ecosystem, these projects offer potential opportunities for early participants. However, the cryptocurrency market is highly risky, and investors should proceed with caution, conducting thorough research and risk assessment.

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IfIWereOnChainvip
· 21h ago
The earlier you buy, the more you earn. It's that simple.
View OriginalReply0
DefiVeteranvip
· 22h ago
100 SUI also needs to be divided into seven parts? Poor bastard get lost.
View OriginalReply0
GateUser-a180694bvip
· 22h ago
Need to enter a position, otherwise will miss the opening.
View OriginalReply0
SchroedingerMinervip
· 22h ago
Brothers, let's get it on, if we're not going to do it, then why not?
View OriginalReply0
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