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Venture Capital Partner Adam Cochran's 10,000-word crypto paper Chapter 5: Projects Worth Trying

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Venture Capital Partner Adam Cochran

Cinneamhain Ventures partner Adam Cochran released his 2022 crypto thesis and favorite projects across various sectors, categorizing them into seven groups. This article covers Chapter Five: Projects Worth Trying.

Original Link: https://twitter.com/adamscochran/status/1476652328736342023

  • 1. God Tier: ETH, YFI, CVX, KP3R
  • 2. Outperforming Market/Catalysts: FLX, CRV, ALCX, BAL, ZRX, FXS, RBN
  • 3. Outperforming Market + Top Farms: FTM, AVAX, ZEC, Gearbox, Euler Finance
  • 4. Value-Driven/Long-Term Market Outperformance: MKR, HNT, LDO, COMP, RARE, SNX, SYN, GNO
  • 5. Medium Risk, Clear Potential: PERP, FST, CAP, MCB, DPX, HND, API3, ANGLE
  • 6. High Risk, 50x or Bust: GEL, NFTX, RAMP, THALES, PICKLE, BABL, PREMIA, PENDLE
  • 7. Promising: Cowswap, Element Finance, Opyn, Cozy Finance, Pods, Volumex

The futures market will ultimately rise on-chain, outperforming market expectations, but Cochran is unsure which project will ultimately succeed. In simple terms, there are risks, but there is potential.

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Perpetual Protocol PERP

  • Has the first-mover advantage.
  • Surprise competitor: DyDx.

Cochran cites previous analysis and emphasizes that Perpetual's v2 "Curie" is key to its success.

Futureswap FST

  • Another important futures trading protocol.
  • Direct integration with Uniswap V3 for capital efficiency.
  • Minimalistic pool may be a key to success.

Cap CAP

  • Failed in the past, but Cochran sees potential in the future.
  • Anonymous team from the community with strong execution.

MCDEX Token MCB

  • Difficult to be the best futures protocol.
  • Still a 50% chance of success.
  • High-quality user experience.

All on-chain futures protocols have potential, and MCDEX is still worth a try to avoid missing out.

Dopex DPX

  • Permissionless, widely adopted options protocol.
  • Best on-chain user experience.
  • Complementary to Ribbon.

He mentions Ethereum whale investor Tetranode is also very bullish on Dopex.

Hundred Finance HND

  • One of the earliest and riskiest projects in this article.
  • Cross-chain lending protocol still in very early stages.

Cochran expects a significant amount of capital to return to the liquidity mining sector and gradually scale up.

API3 API3

  • Strong competitor in the oracle project space.
  • Given the multi-chain future, there is a greater need for oracle diversity and new data availability.

Considering the long-term demand for infrastructure, Cochran believes API3 is likely to succeed.

Angle ANGLE

  • Aiming to be a decentralized Euro version of MakerDAO.
  • Speculated to strategically partner with Convex and KP3R.

Cochran emphasizes that there are still many pain points in international remittances in some countries, as mentioned earlier with FixedForex, and he believes Angle may outperform the projects mentioned in the fourth chapter in the future.