On January 24, Incrypted organized a second pitch session with the participation of eight startups.
The winners were the projects Massa, ZKX and zkLink.
On January 24, 2024, the second pitch session of the Incrypted Acceleration initiative took place. We have prepared an overview of the event, participants and summary.
Let us remind you that the Incrypted Pitch Session is an online event aimed at supporting promising projects in the Web3 space. The event allows participants to present their ideas and attract potential investors.
https://www.youtube.com/live/4kBL0Qpdpqk?si=xJ6tMSf69NJznuWy
Participants and winners
Eight selected projects took part in an encrypted pitch session. More than 15 jury members chose the most interesting and promising ones.
All event participants will receive information support from Incrypted. Below we will tell you more about the presented projects, starting with the winners.
First place - Massa
The project is positioned as a layer 1 (L1) network designed to completely solve the blockchain trilemma.
A key feature of Massa is its Autonomous Smart Contracts (ASC). According to the developers, they allow you to automate liquidity management, eliminating the need for centralized intermediaries.
In a comment to Incrypted, Damir Vodenikarevic, founder and CTO of Massa Labs, noted the following:
“The proposals were high quality and very interesting, I liked the discussion format and the continuation.”
According to him, Massa is the result of three years of research and four years of development. Blockchain implements a fully customizable consensus algorithm, allowing it to process thousands of transactions per second without compromising decentralization or security.
“ Our mainnet has been live since last week and the public sale will begin in the next couple of days! “, said the CTO of Massa Labs.
Among future plans, the founder mentioned listing on exchanges, implementing incentives to attract liquidity and integration into the Ethereum ecosystem.
Second place - ZKX
The first decentralized perpetual futures exchange (DEX) on Starknet. According to the developers, the project combines the advantages of DEX and CEX, including a convenient and intuitive interface.
ZKX has an innovative order book architecture with a decentralized network of nodes. At the same time, users retain full control over their funds.
ZKX co-founder Naman Sehgal also praised the level of preparation for the event:
“The Incrypted pitch session was impressive, but I think five minutes is still not enough to comprehensively cover the features of our project.”
According to Mr. Sehgal, the next milestone in DEX development will be finding a balance between decentralized and centralized exchanges. It must combine an accessible user interface, high performance, security, reliability and impartiality.
In the future, the ZKX project team plans to launch the OG Trade platform. This is a perpetual exchange designed for short-term traders.
The team's overall goal is to create a comprehensive DeFi ecosystem within ZKX that can meet the needs of any user.
Third place - zkLink
zkLink is a multi-chain trading infrastructure secured with zk-SNARKS. As part of the pitch session, the team presented Nexus, a multi-layer Layer3 (L3) designed to unify the ZK-Rollup L2 ecosystems and reduce liquidity fragmentation.
One of the most notable features is adaptive rebalancing. As a result, the solution ensures smooth transaction processing without compromising reliability.
Neil Liu, head of public relations at zkLink, said that the project has already received interested comments from viewers of the pitch session:
“ Overall, Incrypted Pitch was a great experience. […] We are very excited to be able to showcase zkLink to the rest of the Incrypted ecosystem.”
According to Mr. Liu, L3 "is a zkRollup that rolls up zkRollup L2." It is built on L2 and is designed to host application-specific decentralized applications. Lew explained that this approach solves the problem of isolation of L2 networks by simplifying communication and data exchange between them.
Looking to the future, the developers plan to expand partnerships with various projects, add compatibility with zkEVM, and hold a token generation event (TGE) at the end of the first quarter of 2024.
Primex Finance
Non-custodial protocol for spot margin transactions on DEX. According to Primex Finance co-founder Dmitry Tolok, the main goal of the project is to create a platform that will allow users to borrow liquidity for various financial transactions in dApps.
Tren.Finance
A lending protocol that allows you to use over 100 different assets as collateral. Mutual settlements between isolated credit markets are carried out in trenUSD stablecoins.
This approach allows us to minimize risks, the project team noted. Tren.Finance also supports margin rates.
Yellow Network
A layer 3 P2P protocol that uses government channels to facilitate trading and settlement through smart clearing. It is based on the YELLOW token.
Yellow Network aims to create a highly efficient decentralized trading infrastructure through a network of brokers. It supports real-time cross-chain transactions and aggregated order books.
According to a Yellow representative, the project has already received “tens of thousands” of applications to participate in the testnet. He stressed that the team will be announcing an event “soon” that is expected to attract up to 150,000 more users.
Evaa Protocol
The first decentralized lending protocol based on the TON blockchain. The goal of the project is to bring liquidity to the ecosystem, activate margin trading and support the development of third-party applications by attracting funding.
The Evaa protocol integrates the TON wallet and also supports a bot wallet, so the user can apply for a loan directly in Telegram.
Lynex
The platform is a sophisticated automated market maker (AMM) within the Linea Network ecosystem. The project is positioned as “1 inch for liquidity providers.”
This approach has certain advantages. Providers receive higher profitability, and users have the opportunity to choose a specific counterparty.
Lynex has implemented a rewards system on oLYNX.