GM Digest #120
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Vaultka ARB Frenzy
• @Vaultkaofficial Arbitrum Incentives on GMX, HMX, Vela are all live
• 12m ARB reserved for GMX v2, 1.05m ARB for Vela, and GM Pools ARB Rewards from HMX Composition — All available to be farmed on Vaultka
• Leverage Long & Leverage Delta-Neutral Strats for Up to 220%+ APR (10x+ Leverage)
Fidelity Files for Spot Eth ETF
• It was reported that Fidelity has filed for a spot Ether ETF. This was after Blackrock’s Eth spot ETF filing was confirmed as covered in yesterday’s GM Digest
• ETH is currently trading at $1930 and has seen a slight decline in price action since November 9 when it was trading at $2130
ZKP2P Alpha Launch
• @zkp2p is a fiat on/off ramp that uses zero-knowledge proofs to provide a bridge between fiat and crypto, with an initial focus on integrating with Venmo for USD to USDC conversions
• The ZKP2P Alpha is now live on Base, allowing users to onboard in less than 60 seconds. However, there is currently a limitation of $250 every 6 hours
• While initially integrated with Venmo, ZKP2P is designed to be extendable to any payment platform in any country
Bookiebot Volume
• Bookiebot is a sports betting bot on Telegram, built on top of @azuroprotocol and @OvertimeMarkets
• Their betting volume has been increasing recently, and currently Bookiebot is the second-highest volume protocol built on top of Azuro, trailing only behind @bookmakerxyz
• The protocol's native token $BB TGE was a 100% fair launch with all of token supply going to the BB/ETH liquidity pool. That means that the token supply is fully circulating and non-dilutive
• Also, there is a revenue share program available for $BB holders. Anyone who holds more than 500 $BB tokens is eligible to claim a monthly revenue share. This program distributes 50% of all platform revenue in this manner
Thoughts: Considering the fair launch and absence of any dilution, along with the increasing volume that the protocol has been receiving, there is a possibility of positive price action for $BB if this trend persists
GetReach Missions
• @GetReachxyz is a Discord bot designed to enhance the visibility of Web3 projects by offering rewards for engagement and participation
• GetReach allows creators to easily set up missions to promote their content. These missions can be customized to target specific audiences and may involve actions such as follows, likes, retweets, and comments on Tweets
• Contributors who complete missions earn reach points and can enter a raffle to win Ethereum. Some missions offer ETH rewards, while others offer leaderboard points
Thoughts: Running your Galxe/Zealy campaigns directly on Discord, instead of using a separate frontend, could be advantageous for both protocols and users
EigenLayer Updates
• @eigenlayer announced the launch of their Stage 2 testnet for EigenLayer and EigenDA. Stage 2 allows for:
→ Operators to register to the network and begin validating for the first AVS
→ Restakers to delegate their stake to operators and start putting shared security to work with EigenDA
→ Rollups to integrate with EigenDA
• EigenLayer plans to initiate the second phase of its mainnet by Q1/Q2 2024 which would allow users to delegate their staked ETH to EigenDA operators
Clearpool New Staking Model
• @ClearpoolFin is a protocol facilitating a permissionless marketplace for unsecured institutional liquidity
• Clearpool introduced a new staking model for their $CPOOL token for their governance mechanism. Users can now stake their $CPOOL tokens in return for gCPOOL which allows users to create and participate in proposal
• gCPOOL holders will be able to govern the protocol and vote on tokenomics, revenue model, interest rate parameters, borrower onboarding, and CPOOL buybacks
Sam Altman Removed as CEO of OpenAI
• It was reported that Sam Altman — former CEO of OpenAI has been removed of his position and is no longer on the Board of Directors of OpenAI. This was due to alleged dishonesty in communication
• @worldcoin’s native token — $WLD fell over 13% the last 24 hours in reaction to this news and is currently trading at $1.85
• Worldcoin aims to build an identity network and is currently paying people in $WLD tokens to scan their retinas at orbs
Misc News
• @TraderJoe_xyz frontend vulnerability exploited, website taken down by the team until issue is resolved
• @blur_io $BLUR airdrop on Nov 20 at 3PM PST, 6PM EST, 12AM CET, 7AM HKG
• Users can now stake ETH on @ether_fi and mint eETH to earn ETH staking rewards, ether.fi points and @eigenlayer points
• @SpookySwap UI compromised
• @SushiSwap expands to ZetaChain to add native BTC support allowing users to perform swaps without wrapping
• @EvmosOrg plans to introduce ERC-20 compatibility for Cosmos tokens
• @BenqiFinance x @vector_fi — xQI, allows users to convert their QI tokens into xQI on the Vector platform. These tokens are then used within BENQI to earn veQI forever, offering increased rewards and potential governance power
• @SavvyDeFi created TriCrypto (svBTC-svETH-svUSD) Pool to help incentivize liquidity and trading among svTokens
• @Sweatcoin introduced Defi Jar — which allows the user to retain full control over their tokens and data while earning $SWEAT yields
• @Penpiexyz_io is now on OKX Wallet for DeFi Bonus Season — Deposit your $ETH into Penpie’s stETH and wstETH pools to enjoy a bonus 9.5% APR in addition to the base APRs
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*