Crypto influencer and investor Lark Davis says a new breed of crypto assets have the potential to print massive gains.
Davis says he is looking at five decentralized finance (DeFi) tokens built on the Ethereum competitor Polkadot.
The first Polkadot DeFi asset on the list is Acala (ACA), which Davis says is gaining serious interest from crypto insiders and big money players due to the platform’s value proposition.
“[Acala] is a cross-chain capable, multi-collateralized, and decentralized stablecoin for the Polkadot ecosystem which will bring in the Acala dollar governed by the ACA token. The platform will allow users to send, receive, lend, and be rewarded in USD across any blockchains connected to the Polkadot network. In addition, Acala will allow you to stake assets and receive proxy tokens in exchange that will let you use the proxies for DeFi while still earning rewards.”
Coming in at number two is Ocean Protocol (OCEAN) which enables developers to build applications that can securely publish, transfer, or consume public or private data, says Davis. According to the crypto influencer, Ocean is launching a data marketplace in collaboration with Balancer (BAL), a market maker built on Ethereum. Davis also notes Ocean Protocol’s big partners include Daimler AG, the German automobile multinational corporation famous for owning Mercedes-Benz.
Number three on the list is Mantra DAO (OM).
“Mantra DAO is a decentralized autonomous organization that has some very attractive core features for the DeFi lover. They are building cross-chain bridges, staking services, lending and borrowing, and stablecoins.”
Davis says OM is building a strong ecosystem even after its price witnessed a significant pullback. The crypto asset is forming partnerships with BAND Protocol (BAND), Kava (KAVA), Terra (LUNA) and Kira Network (KEX).
