GM Digest #129
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Galxe ARB STIP
• @Galxe is distributing the $500K ARB grant with its ARB STIP Blast program
• In Round 1, Galxe is allocating up to $135K USD to support up to 27 participating projects. Each project will receive a minimum allocation of $5,000
• Participating projects will have their own Token Rewards Campaigns on Galxe. Complete quests on each project to be eligible for the ARB rewards (Link:
https://twitter.com/Galxe/status/1728131178908229774)
Paradigm's Take on Blast
• Paradigm's @danrobinson publicly voiced concerns about @Blast_L2's launch sequence
• He revealed that the points of disagreement with @PacmanBlur and the Blast team were over the locking period of 3 months, and launching the multi-sig before the L2
• He also points out that @paradigm have complete confidence in the team, given their proven track record and building skills. However, they believe this launch strategy sets a bad precedent for other projects
• Previously Pacman posted a thread trying to address the FUD around Blast, and in it he touched on their relationship with Paradigm, saying that Blast's GTM decisions are internal and Paradigm respects that
Thoughts: Blast is undeniably a highly controversial topic, but that hasn't affected its ability to attract liquidity. Despite the chain not being live yet, Blast L2 currently ranks #9 in terms of TVL, trailing behind Solana, with a total of $560M
Redacted’s Upcoming Catalysts
• @redactedcartel has a couple of upcoming releases in the short term, with some of them coming most likely before the end of year
• The most significant one is undoubtedly the launch of $pxETH, Redacted's LSD. It is already live on testnet, indicating that deployment is imminent. $pxETH liquidity will be incentivized via Redacted's considerable voting power on Convex and Curve
• Next in the pipeline are several integrations of new hidden hand markets for @PrismaFi, @LodestarFinance, @PancakeSwap and @ThenaFi_
Thoughts: 0xSami of Redacted Cartel, recently revealed on Discord that they are in preliminary talks about a potential collaboration with Blast L2. If this collaboration materializes, it is highly likely that it will involve $pxETH as one of the sources of yield for Blast users
SolanaGun Launch Soon
• @SolanaGun as the name implies is a trading/sniping bot built for the Solana network
• This is an extremely new project and not much is known at the moment, however further reveals are likely to be presented soon
Thoughts: The Solana narrative remains strong, and this is a nice opportunity to get involved early with a project from the ecosystem
Thala Liquid Staking Live on Aptos
• @ThalaLabs announced that Thala Liquid Staking is live on Aptos Mainnet
• A dual token model will be used namely thAPT and sthAPT whereas thAPT is a non-rebasing token pegged to APT at a 1:1 ratio and sthAPT is a rebasing token
• sthAPT holders will capture 100% of the sthAPT validator rewards plus 80% of thAPT holders’ validator rewards. The remaining 20% from thAPT validator rewards will be used to incentivise the thAPT-APT pool on ThalaSwap
XSushi is Back
• @SushiSwap announced that the team will be resuming the XSushi model where $SUSHI holders can stake their tokens to get XSUSHI and receive revenue share from the trading fees
• The team also noted that $SUSHI has been fully emitted with a total supply of 250m tokens with no new emissions
Bitstable Public Sale
• Bitstable, platform through which anyone, anywhere can generate the DAII stablecoin against BTC ecosystem collateral asset will launch its Public Sale on Nov 29, 4am UTC
• $BSSB will be conducted in two rounds — 60% for a Staking Auction Round & 40% Fixed Price Auction Round
• $500k will be raised for 50% of the total token supply. The launch will happen on @bounce_finance platform
Misc News
• @goodentrylabs Hard Cap Launch today at Nov 27, 12pm UTC ($1.5m MC - $10m FDV)
• @TimeswapLabs expands pre-mining campaign to Polygon zkEVM, now including the $MATIC/$stMATIC pair
• @nillionnetwork naming vote ends today
• @UnstoppableFi’s margin DEX early access is live
• @osmosiszone is back live after an unexpected 2 hour chain halt
• @Teleport_DAO exploited
• @PrismaFi to increase debt IR from 2% to 4% and increase redemption fee to 1%
• @VenusProtocol announced that Venus Prime is Live on Venus Protocol
• @pendle_fi announced on Discord that their services will no longer be available to US IP addresses
• @dYdX will be unlocking around $500m worth of tokens in December (in the next 7 days) which equates to about 84.81% of circ supply (based on token . unlocks)
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*