GM Digest #133
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Kyber Hacker Demands Full Ownership
• @KyberNetwork wrote a letter to the team, demanding a complete cessation of ownership and full transfer of the ownership to the exploiter. “Look at me…. I am the Captain now”
• On a separate note, Kyber has put up a bounty on @ArkhamIntel with 10000 ARKM rewards ($4.5k rewards) for revealing the identity of the exploiter or a successful effort to return funds & any information submitted will be shared with the Kyber team
Huge ETH Pumps from SEC Comments to Propose Rule Change
• Since US investors have no means of getting exposure on Ether ETF, they’d need to source the exposure through generally riskier means
• Because of this, SEC called on the public to comment on a proposed rule change that could allow Fidelity to offer shares of its spot Ether ETF
• Fidelity has entered the Ether ETF ring on Nov 17, proposing the Cboe BZX Exchange list (US Regulated)
• Many suggested that SEC could be nearing a decision on a spot crypto ETF for listing on U.S. markets which would be one of the most significant positive trends toward mainstream crypto adoption if approved
Last Day for Radpie dLP Rush 2
• This is the last day for you to earn 5-digits estimated APR from $RDP rewards + RDP IDO Allocation + dLP Rewards in dLP Rush 2
• @Radpiexyz_io’s RDP IDO is slated to launch in <2 weeks in December and dLP converters are getting the largest chunk of IDO Allocation
• If you recall Penpie’s IDO, starting FDV was only at $3m and $PNP proceeded to pump massively right after TGE. Radpie is running a similar playbook with 2 rounds launch at $5m FDV & $10m FDV
Thoughts: If you’re Magpie Eco maxxi like me, accumulating MGP and vote-locking it to vlMGP will also grant you a good chunk of the allocation (20% of the IDO allocation dedicated to vlMGP). Plus MGP has shown to be extremely stable given the low circ supply from its tokenomics
Helio & Synclub Merge
• @Helio_Money and Synclub are transitioning into Lista DAO in December. This follows a July 4, 2023, announcement of their merger and the plan to launch an LSDfi foundation
• Lista DAO will focus on a unified CDP stablecoin and liquid staking platform, with rebranded products and a single platform, lista . org. The transition involves two phases
• Phase 1 (December): Launch of Ethereum-based Dapp using Liquity's codebase, while maintaining the BNB Chain Dapp
• Phase 2 (Q1 2024): Integration of Helio Protocol and Synclub Dapp with Lista Dapp, transitioning the BNB Chain Dapp to Liquity's codebase. Lista will become the hub for borrowing lisUSD on Ethereum and BNB Chain, and liquid staking BNB
• Lista DAO's journey includes a governance model and DAO launch, tokenomics for LISTA, and an airdrop points system starting mid-December for early adopters and the community
Introducing Ape Terminal
• @theapeterminal is a mobile and web dApp that aims to provide users with yield from MEV profits, automation services (such as sniping, DCA, copy-trade, and front-running sandwich transactions), as well as a launchpad
• Currently you can join the beta by signing up using your X, or google account
• They are also having an airdrop points campaign that you can participate in by sharing your referral link. By doing this you are Ape Dollars which can later be redeemed for $ATX
Mantle Moonshot
• @0xMantle are running a new rewards campaign that is focused on the Citizens of Mantle NFT collection
• The entire process will span four weeks, during which users can complete tasks and earn NFT add-on traits
• Completing all tasks will reward users with a mystery box, which may contain an add-on trait for your Citizens of Mantle NFT. Depending on the add-on you receive, you will be entitled to a share of tokens from a specific pool. There are 8 pools in total, each holding tokens from 8 different Mantle protocols that are part of the campaign
• There will be 19k add-on traits to be won in total
Thoughts: Mantle is struggling to get attention, but it is a well-funded ecosystem that will eventually have its time in the spotlight. This presents a good opportunity to acquire tokens from prominent projects on Mantle, for free
IntentX x SYMMIO OTC
• @IntentX_ announced the closing of strategic treasury token swap between IntentX and @symm_io
• 1.4% of INTX Tokens for 1.0% of SYMM Tokens. This token swap will be executed upon the completion of TGE for both INTX and SYMM
• IntentX is a leading Intent-based / RFQ DEX that utilizes SYMMIO for post-trade execution. IntentX and SYMMIO work together to ensure optimal trade outcomes for traders
DWF Incubation Program
• @DWFLabs announces 2024 DWF Incubation Program — “a space tailored for forward-thinking builders to innovate in the Web3 domain”
• DWF is looking for early-stage founders of dapps in Socialfi, ZK, Trading & Derivatives, Infrastructure for EVM and BTC ecosystem
• DWF promises holistic support in Product Development, Mentorship & Advisory, and GTM Strategies
• Application is now open and will close on Jan 5 (08:00 UTC)
Superposition x Dopex
• Superposition is the L3 infrastructure for DeFi on Arbitrum. In the first iteration as a fee-less Automated Market Maker (AMM), Superposition will focus on incentive structures and steering order flow, through fluidity’s fluid assets (utility mining)
• The partnership will allow Dopex to utilize fluid assets to scale its options liquidity — single-sided deposits & IL-free
• By converting LPs into Fluid LPs, Dopex can introduce a model where utilization, rather than static deposits, becomes the driving force which will incentivize trading activity, thereby driving more volume onto the platform
• Fluid assets utility mining distributes 80% of the yields to senders and 20% to receivers which extend to LPs, promoting active utilization rather than passive investing. Yield is generated from the underlying that’s lent out to bluechip money market like AAVE
Squid NFT Checkout
• @squidrouter allows you to buy any NFT on any chain using any tokens you have in your wallet
• Squid allows for cross-chain payment logic to be built into any onchain experience. Browse Collections from Top NFT Marketplaces → Buy NFTs with 1 Click → Get them in <20 seconds
• Squid utilizes @axelarnetwork's General Message Passing (GMP) to swap the assets you pay with into the currency used for purchasing the NFT and execute the NFT purchase contract
Su Zhu is Back?
• @zhusu seems to be active again on X and on FriendTech again and people are speculating that he is released from jail. This was after seeing him tweet “gm” on X and also sending messages on FriendTech
• Upon this news, the $OX token pumped by almost 50% to $0.021 and is currently trading at $0.017
Cega’s Dual Currency Strategy
• @cega_fi is a protocol providing decentralized structured investments, providing high fixed yields on USDC, ETH and stETH on Ethereum and Arbitrum
• Cega introduced their Dual Currency Strategy allowing users to earn 22%+ APY on stETH, ETH and USDC. The Dual Currency Strategy allows users to earn yield via options premiums. Users just deposit their asset into a vault at a preset strike price and locks their asset for 27 days. After the 27 day period, users receive their full amount in ETH or USDC depending on whether the strike price was hit. The full yield will be received regardless of the outcome
• Cega currently has 5 products using this strategy with each product catering to different investors with different risk preferences. The protocol has also been audited by @osec_io and received security consulting from @code4rena's top auditor during live development
Introducing the Aurora Cloud Console
• @auroraisnear introduced the Aurora Cloud Console providing a one-stop plug and play platform for aimed at bringing blockchain technology to traditional businesses
• Users will be able to have their own customized chain, remove gas fees for their users, monitor real time infrastructure, keep complete control of their own blockchains and access a marketplace of integrations to streamline development
Misc News
• @Vaultkaofficial selected by @GMX_IO to receive additional 100,000 $ARB tokens to incentivize the $USDC pool
• @saylor announced that MicroStrategy has acquired an additional 16310 BTC for $593.3m at an average price of $36785 per BTC
• @HyperliquidX introduces NFTI — NFTI is an index of blue-chip NFT collections, including Bored Ape Yacht Club, Mutant Ape Yacht Club, Azuki, DeGods, Pudgy Penguins, and Milady Maker. Users can long/short NFT market easily through NFTI
• @BotanixLabs is live on testnet
• Starknet airdropped page leak with a pretty weird airdrop eligibility criteria (they also spelled Starknet as “Straknet”)
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*