GM Digest #131
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Chainlink Upgraded Staking
• @chainlink is launching Staking v0.2 featuring an expanded 45 million LINK pool (8% of the circ. supply)
• v0.2 has been rearchitected into a fully modular, extensible, and upgradable Staking platform. A nine-day "priority migration" period begins today for existing v0.1 stakers to transition their staked LINK and rewards to the new version
Introducing MYX
• @MYX_Finance is a derivatives DEX utilizing a P2Pool2P model that matches long and short positions, where MYXLP stakers are no longer the counterparty. Instead, the LPs only temporarily occupy positions until there’s a counterparty
• They just announced of successful completion of a $5M seed round funding at a valuation of $50M, led by Sequoia China and with the participation of @Consensys, @hack_vc, @OKX_Ventures
• In addition, the testnet is scheduled to launch today on Linea Goerli. This presents a great opportunity to try out the protocol. Also, early users may potentially receive some sort of compensation in the future as well
Thoughts: They already have their version of an 'airdrop' tab on their website, called 'Shells' and it's labeled as 'coming soon'. I expect a points-earning campaign to launch sooner rather than later
NFTfi Rewards Season 2
• @NFTfi announced that season two of their rewards campaign is underway and will end on Mar 26 next year
• The campaign rewards protocol users with points based on their borrowing and lending activity. It incentivizes borrower-friendly loan terms, meaning you earn more points by offering loans within a certain APR range. Additionally, longer-term loans also earn extra points
• These points will most likely translate to tokens, once they decide to start the process of decentralization
Thoughts: NFTfi is one of the pioneering projects in the NFT finance sector. They successfully raised $890K in funding back in February 2021 and have been dedicated to building their platform ever since
Blastar Point Farming
• @blastar_fi is a point farming optimizer and a liquid wrapper for Blast L2
• The protocol is extremely new and they just created their socials, so an opportunity to be early
• The native token is named $STAR and will launch on @Blast_L2 when the chain goes live
Thoughts: I expect more liquid wrapper protocols for Blast to emerge in the short term
Chimera Numerology
• @chimera_fi is a platform that combines gambling with numerology and astrology, built on top of Azuro
• Their inaugural game will be a lottery-style experience. To participate, you simply select a date, deposit USDT and await the draw where winners will be randomly chosen
• The first lottery draw will happen on testnet when it goes live on Dec 7
Thoughts: Another exciting new protocol where you can be an early adopter. By joining their Discord now, you are almost certain to receive an OG-like role if they choose to create one in the future
dYdX Trading and Launch Rewards Live
• @dYdX announced that the trading and launch incentives program is now live on the dYdX chain
• Users are now able to earn trading rewards that will be sent directly to the traders’ addresses on the dYdX chain immediately after each order fill. Users will be able to earn up to but not exceeding 90% of the fill’s net trading fees
• There is also a launch program which rewards users based on trading activity measured by the fees paid. About 80% of the $20m allocation will be going to incentivizing trading activity. There is also a prize program which rewards profitable traders and traders can win up to $600k
Misc News
• @CamelotDEX Epoch 2 of $ARB incentives is underway
• @EconiaLabs on-chain order book launches on Aptos
• @stakewise_io V3 is live on mainnet
• @puffer_finance x @HashQuark: collaboration on the development of the Puffer Nodes
• @chainlink staking v0.2 is now live with a cap of 45m $LINK
• @EconiaLabs — an on-chain order book is live on @Aptos_Network
• Google Cloud confirms participation in @eigenlayer testnet
• @animocabrands invests in @ton_blockchain
• @galileoprotocol x @Polytrade_fin: Galileo Protocol commits to showcasing a curated selection of tokenised assets on the Polytrade’s RWA (Real World Asset) Marketplace (Unique items & Collectibles)
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*