GM Digest #134
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Lexer v2
• @lexermarkets has announced its v2, offering Hybrid Liquidity Engine — Multi-Asset Liquidity and Synthetic Liquidity, with a third model, Lending Liquidity, coming soooon
• Multi-Asset is GMX’s GLP-style liquidity pool that can be used to support bluechip assets with deep liquidity while Synthetic Liquidity Engine will be used to support higher leverage on exotic, forex markets, and any hype tokens / narratives
• Lexer v2 testnet has already started right now. Once mainnet goes live, there’ll be a trade-to-earn campaign that allows traders to earn esLEX tokens from their trading activity
• Lexer is a Decentralized perpetual exchange for Forex, Crypto, NFT & more on Arbitrum
Hooked v2
• @HookedProtocol, World's 1st Web3 social learning platform that introduces Learn-to-Earn has announced its v2
• Hooked v2 plans on launching its own Social Learning Metaverse, own AppChain with $HOOK as gas token, and more diverse ways to generate yields through validator nodes, AppChain staking and other ecosystem plays to get $HOOK as rewards in the ecosystem
XFAI x StakeStone
• @xfai_official is a DEX on Linea that operates using CFMM (constant function market maker) smart contracts. Its primary objective is to address the issue of fragmented liquidity
• They just announced their partnership with @Stake_Stone, an omni-chain LST protocol
• This partnership allows $STONE to be traded efficiently on XFAI's exchange, and $STONE holders can LP to earn yield. Additionally, they are also exploring the use of $STONE LP tokens as collateral
MetaStreet Arcade Airdrop
• @metastreetxyz is an NFT lending marketplace and aggregator on Ethereum that allows users to earn yield and unlock liquidity
• Since MetaStreet is obtaining loans from Arcade, they have been allocated $ARCD tokens, which will be distributed to protocol users
• To increase your share of tokens, it's important to remain active in the MetaStreet pools. Additionally, you can enhance your rewards by leveraging the affiliate program and onboarding more users onto the platform
Thoughts: There is another protocol that is tokenless and has an airdrop campaign going on, that MetaStreet also routes loans through, and that is NFTfi. By being active in the MetaStreet pools you can positions yourself for a similar airdrop in the future. Plus, let's not forget MetaStreet itself does not yet have a token, and they raised $24M in funding so far
Mendi Finance Voyage
• @MendiFinance is the leading money market on Linea in terms of TVL
• They recently announced that during Linea's lending wave (phase of Defi Voyage) they will be rewarding top 50 borrowers with 500k of $MENDI tokens
• The rewards tier will be based on highest borrow value, with a minimum deposit duration of 1 day. The competition will end on Dec 5
Thoughts: Nice opportunity to farm the $LINEA airdrop while earning $MENDI tokens
LogX Live on Linea
• @LogX_trade is a Perp DEX aggregator currently deployed on Arbitrum, Mantle and now on Linea as well
• They have an ongoing airdrop campaign where users can earn points by trading on the platform or providing liquidity in the LLP pool
• There are also additional gamified mechanics like multiplier point boosts for holders of certain NFTs. Points will be redeemable for $LOGX tokens after TGE
Thoughts: Suitable alternative to the Mendi Finance play mentioned above. You can LP on LogX and still farm the $LINEA airdrop
Jupiter Airdrop & Jupiter Start
• @JupiterExchange has recently starts its airdrop with 10% of the supply to be allocated. It has also announced Jupiter Start which is an initiative to provide a better launchpad experience for users. Jupiter
• The airdrop is designed to distribute four out of 10 billion of JUP, or 40% of the total supply, in four phases
• Jupiter Start will be made up of 5 aspects namely Jup Community Introductions, Jup Prelisting, Jup Educate, Jup Launchpad and Jup Atlas
• Jup Community Introductions is a platform for projects to share details such as ownership and tokenomics and the community to vet and discuss these projects. Jup Prelisting aims to allow new tokens to be safely traded on Jupiter by users
• Jupiter is one of the top DEX aggregator on Solana
Introducing Ethereum Fallback
• @CelestiaOrg introduced Ethereum fallback for OP Stack x Celestia. Fallback is an optional new feature where L2s can fall back to posting their block data to Ethereum as calldata for DA in case data cannot be posted to Celestia
• The L2s will automatically resume posting to Celestia for DA when the disruption is resolved
Introducing VectorX
• @SuccinctLabs announced their partnership with @AvailProject to develop VectorX: a ZK light client that secures Avail’s data attestation bridge to Ethereum
• VectorX will provide Ethereum-settled rollups trust-minimized access to Avail’s data attestations and brings Avail’s DA securely to Ethereum
• This is done via zkSNARKs to verify Avail’s GRANDPA consensus in creating a gas-efficient, onchain light client that stores Avail’s data roots and state roots
Misc News
• @Injective_ announced of a major mainnet upgrade called the Volan Upgrade
• @KyberNetwork team assured exploit victims that it will offer grants from the protocol’s treasury to victims of the recent exploit. This grant will be an amount up to the USD value of such funds at the time when such funds were drained from their respective liquidity pools
• @goodentrylabs going live on Camelot on 4 Dec at 12:00pm UTC (CA: 0x17176a9868F321411B15CCb9b934Cf95597E89c4)
• @Vaultkaofficial 100,000 ARB extra rewards are live for USDC Lending pool — Users earn 50%+ APR for the lending pool
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*