GM Digest #102
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
UNIBOT Got Hacked!?
• Unibot just got hacked — tokens getting drained in real-time (right now)
• Still unsure of the damage that’s happened but this wallet 0x413e4fb75c300b92fec12d7c44e4c0b4faab4d04 appeared to have drained ~$220k+ in shitcoins out of multiple Unibot’s users’ wallets
• Meme coins drained are getting dumped into the market right now $TISM $DAVID amongst others are getting rekt
• $UNIBOT token is getting slaughtered with -40% in the past 15 mins while $BANANA is spiking 15%+ since the exploit
Thoughts: Unibot has communicated that they’ll start refunding people who are affected by the exploit. Ser smol smol has shared good shitcoins to buy here based on the amount stolen, some of these have already pumped hard ($JOE)
https://twitter.com/sm0lx/status/1719267603712180707
Stars Arena CEO & Team Member Stepped Down
• @starsarenacom announced that @KookCapitalLLC has been relieved of duty as a team memberof Stars Arena. This comes after Chill Pill, former CEO stepped down just a day before
• The community is confused & disappointed, signaling a decline in TVL from $1.5m to $170k during the last 7 days
Thoughts: Ever since the exploit & the relaunch of Stars Arena, the community continues to lose trust in the platform itself. The departure of core team members & the internal conflict further solidifies the sullied image that Stars Arena has. The slowdown of SocialFi as a sector due to the overall improvements in BTC & ETH doesn’t help either. People flock to SocialFi platforms to farm for rewards when the market is boring. Now, the market is exciting and people are migrating liquidity out of SocialFi to degen on shitcoins on mainnet. Kaleo who’s one of the main KOL supporting Stars Arena has encouraged people to exit their shares before the front-end goes down and the platform disappears
Shuffle Airdrop Campaigns
• @shufflecom is a betting platform, much like Rollbit, that offers a variety of classic casino games and sports betting options
• The $SHFL airdrop was just announced and it consists of three different campaigns. Airdrop 1 will be retroactive and based on volume since inception, snapshot not taken yet. Airdrop 2 will be ongoing, also based on volume and number of games played. Airdrop 3 will be proactive as well and based on VIP levels that you can grind by earning XP
• During this campaign 28% of the token supply will be distributed, and we already have some insights into the tokenomics of $SHFL, as revealed in the announcement and earlier by founder @noahdummett
• 1B circulating $SHFL with a deflationary mechanism through buyback and burn
• $SHFL utility will consist of users being able to place bets with it, and the usual perks like bonuses and early access for holders of the token
• After Airdrop 1 concludes there will be a public sale through an LBP (Liquidity Bootstrapping Pool) where 5% of $SHFL supply will be distributed. Proceeds from sale will be used to seed liquidity and fund the community treasury
WickedBet Volume ATH
• @WickedCasino is a new multi-chain gambling platform that generated over $100,000 in volume over the weekend
• Their flagship product is Lotto Betting, and they have aggregated some of the biggest international lotteries in the world including Euromillions, Powerball and MegaMillions
• WickedBet also offers classic casino games and sports betting
• The platform native token $WIK has a 5/5/0.5 tax for Buys/Sells/Transfers. 1% of buy and sell tax is used to increase the token’s liquidity, while 4% goes to the 'Wicked Wallet' which will be used to boost rewards for users and pay for marketing. 0.5% transfer tax is used to burn the token
• $WIK stakers will receive 25% of all profits generated by the platform, and another 25% will be distributed back among all users of WickedBet
Filament on Cosmos
• @FilamentFinance is an oracle-based Perpetual DEX appchain built on Cosmos
• Their focus as a perps DEX is on low liquidity markets, and for that purpose, they have built custom Dynamic Liquidity Pools that adjust funding rates and incentives in order to attract LPs
• They will also provide an insurance module for LPs with dynamic coverage calculation, where the higher the risk LPs face, the higher the percentage of fees that will be directed to the insurance pool
• Additionally, Filament will also offer delta-neutral vaults with automated rebalancing
Seneca Fair Launch Soon
• @SenecaUSD is an omnichaion CDP protocol for yield bearing assets. The team hinted that the fair launch of $SEN is just around the corner on Arbitrum
• $SEN will be used for governance and a 100% revenue share. Users can deposit $SEN to receive sSEN. The sSEN can then be used to redeemed for an increasing amount of $SEN tokens with the yield coming from revenue distribution.
• There is no deposit fee for $SEN and depositing puts the tokens under a 24 hour lockup before it can be withdrawn. However, $SEN will have a trading tax with 2% going to sSEN holders and 1% going to the treasury
• $SEN and sSEN will be using @LayerZero_Labs's interoperability infrastructure allowing fast and seamless token bridging to all EVM-compatible chains
Thetanauts V3
• @ThetanutsFi is a decentralised on-chain options protocol offering Decentralized Options Vaults (DOVs) focusing on altcoin options
• With V3, the team will be introducing a Lending / Borrowing Market and AMM with the LP tokens from the Basic Vaults be used to bootstrap the V3 ecosystem. The Lending/Borrowing Market allow lenders to deposit Vault LP tokens, and borrowers can use them to create long option positions while the AMM allows LPs to create stable pairs enabling users to go long or short on the option
• Benefits of V3 includes ability to buy options, flexibility to exit vault LP positions at any time, have additional sources of yields from AMM fees, borrow rates and additional liquidity rewards, have 100% collateralization for the Basic Vaults and free market pricing
• The V3 launch will also be accompanied by $NUTS. There is currently not much information on the token and more information will be shared in the future
• V3 Incentivized Alpha is schedules to launch in early November and the rewards will be provided following successful V3 Mainnet launch and may be subject to a lock-up period. Rolling basis applications for the Incentivized Alpha are currently ongoing and users can sign up
• Fill in their form HERE if you’re interested in the incentivized alpha
Pendle Rush 6
• @Penpiexyz_io has launched the 6th Pendle Rush that spans 8 days
• Users can convert your $PENDLE into mPENDLE and earn a share of 50,000 vlPNP rewards ($88k at current price). If mPENDLE's peg is less than 95%, converting one $PENDLE will give converters more than 1 mPENDLE token. The larger the $PENDLE converted, the more the vlPNP you’ll get per 1 $PENDLE
Thoughts: $PNP price continued to rise from $0.9 - $1 just a few weeks ago to $1.7+ now. Pendle and all the Penpie beta plays have picked up massively. This could be attributable to the Arbitrum STIP catalyst and also the continual developments / rollouts of Pendle products in RWAs (sFRAX as one of the recent ones). Penpie itself has continued to widen the gap of vePENDLE staked vs Equilibria and has continued to maintain extremely high peg of more than 0.95
Misc News
• @0xOrangeFinance announces vaults built on top of @dopex_io v2 CLAMM
• @symbiosis_fi open @LidoFinance cross-chain zaps, allowing users to provide liquidity from any chain just in one click
• Opepen set 25 "Snowpepen" is officially live
• @PremiaFinance partners with @arbitrum on week 4 of the Arbitrum Odyssey
• Nomic activates nBTC upgrade to bring tokenized Bitcoin into Cosmos ecosystem
• @circle’s CCTP is now live on Base mainnet and supported natively in Base Bridge
• Animoca Brands has announced the acquisition of Web3 streaming platform Azarus — a blockchain based game streaming platform
Degen Section
• JOE, DAVID, TISM amongst a few others are pretty resilient shitcoins that are rebounding back — once (or if) Unibot refunds back to the victims, these guys are likely gonna deployed it back to these shitcoins. Suggests looking at the sheet provided by Smol Smol, good list of coins to ape into (if you’re looking to gamble in shitcoins)
• As for me I’m still focusing on the same old Arbitrum picks like $GRAIL $JONES LODE RAM CONE PENDLE RDNT and a few others
• $DMT SankoCorp TV is launching today. The token itself has been steadily climbing back from its lows of $10 to right now about $14 - $15
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*