GM Digest #100
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Ben BEG2EARN
• @eth_ben is launching a new memecoin to profit off of CT — he’s asking everyone to send ETH to an address in exchange for $BEG token
• 25% of fund raised will be sent to LP and the rest will go to treasury
Thoughts: Man… this is sad lol
xNova Gasless Trading
• @xNovaToken is a Telegram bot that offers gasless trading on perps powered by @StarkWareLtd
• The bot offers users a range of features, including gasless trading enabled by StarkWare's tech, copy trading to replicate the success of other traders, an OTC desk, and a sniping tool
• Next on their roadmap is product release, followed by the public sale
• Once the token goes live, it will incorporate a revenue share mechanism. Token holders will receive 50% of all generated revenue. This revenue will be derived from various sources, including 1% OTC fees, 0.3% taker fee, 0.4% maker fee, and a 4% tax on the token
Gamblino Beta Live
• @gamblino_app is a prediction market offering crypto futures, a sportsbook, and various betting games
• Currently in the Beta version, the only live game available is 'Market Minds'. In this game, you bet with ETH and choose Up/Down. Five minutes later, if you decided to go with 'Up' and the price is higher than your entry price, you win; otherwise, you lose. The same goes for 'Down' just the price needs to be below your entry in order to be profitable. This is a PVP game, where other degens take the opposite side of the bet. You can also think of this as similar to binary options trading
• Other similar PVP games will be introduced in the future, but there will also be sports betting built on top of @azuroprotocol and futures trading, all coming at a later date
• According to their docs, there will be a revenue share system in place, which confirms there will be a token. Gamblino will collect 7% from all winning bets and distribute it among stakers, LPs, and the Treasury. The majority, 60%, will go to the Treasury, while 30% will be allocated to stakers and 10% to LPs
• The beta is on Arbitrum testnet and anyone can participate
Thoughts: Many DAOs and KOLs participating in Gamblino early round. Prediction market / exotic binary options need the elements of gamification and fun, otherwise you won’t be able to gain traction (Buffer). More and more protocols are building on top of Azuro, GambleFi infrastructure. Engaging with Gamblino will likely contribute to the Azuro point farming which will increase your chance of getting Azuro airdrop in the future
Astrid Exploit
• @AstridFinance just got exploited with $230k drained
• The team has worked swiftly in pausing the contracts and processing the refund to all affected victims in a span of a few hours
• Astrid is the first restaking project to have its mainnet launch. It was audited by Ackee
Thoughts: Not a good look for LRT sector as a whole given the first liquid restaking protocol that goes live got exploited. Props to the team for swiftly pausing the contracts and refunding the damage to all the victims though (signaling pretty good confidence here)
AlphaScan AlphaPool
• @alphascan_xyz introduces second staking pool called ‘Alpha Pool’
• Alpha Pool introduces token-gating utilities to $ASCN — Users will receive immediate alerts when staking 10,000 $ASCN or more (Users who don’t stake will receive these alerts with just a 30-second delay)
• Holders of 10,000 or more $ASCN will enjoy a 0% trading fee, making it the most competitive fee structure in the bot space. Stakers can unstake anytime without any lockups
• 100,000 $ASCN is set aside for all active bot users. Airdrop amount will be based on the volume generated by a wallet
Thoughts: AlphaScan bot is likely gonna get more value due to the memecoin szn. The ability to ape in quick & early to alpha groups’ calls are massive and you can get 0% fees by holding some $ASCN. Recommend checking out the bot if you haven’t already
Misc News
• @vaneck_us predicts a modest 10,600% increase in Solana's price by 2030
• @sommfinance surpasses $40M in TVL
• @SenecaUSD x @TheGemPad, utilizing GemPad for its upcoming raise on Nov 8
• @Root_Genesis veROOT is available for Balancer 80/20 locking with over 370% APR from trading fees. Root will also release a new claim contract on Monday which will reduce the vesting period by 50% (to 6 months)
• @Vaultkaofficial Final Round of Incentive (Last Call Cheers) is live — This unlocks the full potential of Vaultka, with the commencement of 10x Leverage, $esVKA emissions, and staking of $VKA token and Uni V3 VKA/ETH LP token
• @beefyfinance arrives on @GnosisDAO
• @jito_sol introduced StakeNet — a self-sustaining, transparent, and decentralized protocol for operating intelligent stake pools. This aims to fix the issues with centralization of Solana LSTs and to be resilient against potential censorship, hacks and shutdowns
Farming Corner
• @TimeswapLabs PT-GLP Looping strategies with fixed 0.3% borrowing cost APR for USDC — Manually loop to earn 50-60%+ APR on PT-GLP. Current PT-GLP APR is ~12%. Note that you also earn Time Swap Pre-mining rewards on top of this
• @Vaultkaofficial 10x Leverage → 265% on HLP, 151% on GLP, and 100% on VLP pools. Note that you can stake your VKA to earn up to 2.5x boosted rewards
Degen Corner
• $hixokdkekjcjdksicndnaiaihsbznnxnxnduje / Dev Smashed has been showing strength after a retrace from ATH and is currently around $2.5m market cap. Distribution is good and there are no large clusters of wallets holding a big portion of the supply
• $JOE tested resistance at $19m market cap and has retraced 20% since then. There were alot of holders who lost their $JOE due to the Maestro exploit and the team refunded the holders in ETH plus a 20% on top of the ETH value due to not enough liquidity in the JOE pools. The $JOE team continues to be active on X and is constantly shipping out memes which is generally bullish to create a cult like community
• $OOLONG is based on Oolong the Rabbit being famous for being able to balance random stuff on its head. Its market cap is now currently around $300k so this is a degen gamble play for those who are interested. @wsbmod hosted a spaces yesterday and shows support for the coin
• $MSTR is an interesting play as it seems like an index of shitcoins. You can check microstrategy-deployer.eth and see that it holds popular shitcoins such as $JOE, $BITCOIN, $MOG and $SPX. It is currently at $3.4m market cap but do be aware of the 4% buy and sell tax for anyone who is aping into this
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*