GM Digest #112
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Market Going Crazy
• ETH $2.1k & BTC $36.6k, pumping 5-6% in the past 24 hours. Altcoins across different ecosystems have rally 20-100% with a lot of gainz on Arbitrum for the past few days, driven by Arbitrum STIP frenzy
• Nov 9 - 17 marks the final window this year for SEC to approve the 12 Bitcoin ETF and market is starting to price in the optimism more and more
• ETH outperforms BTC in the pumps today due to BlackRock filing for ETH ETF
Mu sDAI Perp
• Introducing @muexchange_, the Perp DEX too offer leverage trading with sDAI as collateral —Users can continue earning their DAI Saving Rate yield when trading even after opening positions
• Users can also earn additional rewards & rehypothecated yields with sDAI Vault — Dai Savings Rate + Trading Fees + Platform incentives
• Mu Exchange is based on Gnosis Chain, community-owned, anti-fragile network, secured by a geographically diverse set of validators. Its TVL has been increasing almost 3x since October
The growth is driven by (i) The anticipated rollout of Gnosis Pay has attracted projects like Maker’s Spark and Aave (ii) Gnosis Chain supports sDAI (Gnosis Bridge is the third largest holder of sDAI)
Introducing MetaBlox
• @MetaBloxGames is a project that merges Roblox’s gaming platform with Web3 and to unlock revenue steams in P2E with its $MBX token
• MetaBlox now has 2 games — with the first game reaching rank 80 in the global top earning spot in the first week. MetaBlox is backed by a proven team of expert Roblox developers
• All holders will receive 80% of the revenue generated by all games. The remaining 20% will be used for marketing and further growth. Users need to hold a minimum of 200,000 $MBX tokens to be eligible for rev share
• The team announced that they are pushing out marketing in the coming weeks and will be shipping updates on their new game. They have also integrated with @otseaERC20 — a P2P ERC20 token trading platform onto their current website and will have it available for their upcoming site
• Roblox is a gaming platform that allows you to play dozens of user-created games or create games through Roblox Studio. Roblox itself is the largest user-generated content platform with more than 65m DAU worldwide in Q2 2023
Cakepie Cake Rush
• cakepiexyz_io Cake Rush is live — users can convert $CAKE to mCAKE on Cakepie right now to earn up to 3% of CKP supply (Cakepie governance token)
• In a similar fashion to other pies project, mCAKE will receive the highest amount of IDO allocations for CKP IDO (60% of it). The higher the CAKE converted to mCAKE, the higher the shares to the allocations
• You can also Mint the CAKE RUSH OAT for an extra 1000 USDT giveaway.
https://twitter.com/Cakepiexyz_io/status/1722608861637656600
GMX integrated with Binance Web3 Wallet
• @GMX_IO is one of the first dApps to be fully integrated in @binance Web3 Wallet
• @binance traders will be able to access GMX perps directly from the mobile app
• This has the potential to bring a lot of new users to the GMX ecosystem, and coupled with Arbitrum season it could really propel GMX to the top of the Perp DEX stats
Watches . io Integration with Hook
• @watchesio is a platform for luxury watch trading, offering an on-chain marketplace and portfolio management features
• With the integration of @HookProtocol V2 synthetic derivatives, watch traders will now have the ability to go long or short, hedge their positions, and even use watches as collateral to open positions
• Despite the inefficiency and inaccessibility of trading watches, the pre-owned watch market experienced a significant peak in 2021, with trading volume surpassing $22 billion
Thoughts: Making watch trading easy and accessible, while also partnering up with other NFTfi protocols is a great way to attract more traders and liquidity in the sector
Aqtis Quant-Tech
• @AQTIS_IO is a protocol that offers yield to depositors through its native LSDs, $qETH and $QSD
• The yield is generated by maximizing liquidity efficiency through strategies that leverage quant technology and AI. The yield will also be boosted with $AQTIS token emissions
• Unlike regular trading bots that utilize basic strategies using indicators like RSI, Aqtis relies on complex datasets to predict market movements using AI/machine learning
Thoughts: The AI narrative is running hot, and $AQTIS has seen some pretty wild hockey stick price action in response. Could be overextended though, so ape mindfully
Velvet Capital V2
• @Velvet_Capital is a Defi Operating System which launches and manages on-chain funds & structured products and is backed by @BinanceLabs
• Users can use Velvet to create, manage, and launch on-chain funds, structured products and tokenized portfolios
• Velvet Capital is also currently having 2x rewards for a limited time for their users
Prisma Finance X Hidden Hand
• @PrismaFi introduced a proposal to deploy a new Hidden Hand market to Ethereum mainnet and for Prisma Finance to expand the protocol through liquidity incentives
• Introducing Hidden Hand would allow $PRISMA lockers to “realize” the value of their voting power and to also incentivize gauges and user behaviors which are beneficial to them
DWF Labs X GalaChain
• @DWFLabs announced that they have signed a strategic partnership with @GoGalaGames
• GoGalaGame plans to incorporate all digital game intems onto their L1 — GalaChain and has ambitions to expand GalaChain beyond just entertainment and games
• This partnership aims to accelerate the adoption of GalaChain in the future
Misc News
• BlackRock applies for Ethereum ETF
•@parallaxfin CALM Governance Proposal passes with 99.96% in favor
• @GammaSwapLabs undergoing re-audit of the bug fix that was reported by a whitehack on @immunefi
• @aave announced that Aave V3 is now live on @gnosischain
• @Immutable announced that they are partnering with Ubisoft's Strategic Innovation Lab to create a new gaming experience to further unlock benefits for players through the power of web3
• @Ripple introduced Ripple Payments which can support payment needs for business across regions and currencies 24/7/365
• 2 projects teased on X that they are invited into Berachain’s closed testnet @KodiakFi & @InfraredFinance
• 2 projects recently joined Chainlink build program — @Rollup_Finance & @SonneFinance
• $B2B, Back-to-Bitcoin Token Launch. B2B introduces Defi middleware to BTC on EVM-chains. The launch will end in 6 hours and it’s now 2x oversubscribed (1200 BNB hardcap)
Personal Note:
Have no time to properly add thoughts or alpha picks section here due to all the side events during Thailand Blockchain Week. Will get back to normal operation again after the mayhem during the next 4 days die down lol. Hope you guys are having the best gainz this week
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*