GM Digest #139 — aeUSD Yield-Bearing Perp Collateral
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Aevo aeUSD
• Aevo announced their native yield-bearing stablecoin called $aeUSD. Users can now deposit $aeUSD as collateral to trade perpetuals with x20 leverage, while earning 4.75% APY
• $aeUSD is an index token composed of 5% $USDC and 95% $sDAI. The yield comes from depositing into Maker DAO’s Dai Savings Rate (DSR) module
• There is a TVL cap of $4 million USD for participation. To ensure you become an early adopter and meet one of the criteria for the $AEVO airdrop, try depositing before the limit is reached
• @aevoxyz is an L2 app chain for trading options and perpetuals, built using the OP stack
Thoughts: We have witnessed an increasing number of protocols choosing to utilize their idle capital by converting it into yield-bearing assets like $sDAI. This trend is likely to continue and gain momentum
Silent Protocol OG
• @silentdao_ is a protocol that offers privacy compliance for smart contract assets and web3 apps
• They recently announced that they will be opening up their Discord channel for access this Sunday, on Dec 10
• There is high likelihood that people who join early will be rewarded with an OG-like role that may provide additional benefits in the future
• Note that spaces will be limited so if you want to join, you need to act fast
Initia Native USDC
• @initiaFDN's tech enables the creation of L2 rollups known as "Minitia's" with a uniform set of standards and principles. Minitias are CosmosSDK app chains secured through Optimistic Rollups using the OPInit Stack
• All networks built with Initia will have access to Native USDC, @circle’s Cross-Chain Transfer Protocol, and fiat onboarding from the get go
• Initia's aim is to tackle the fragmentation of assets in a multi-chain environment, where we usually see wrapped, and bridged version of the same tokens which can be confusing to newcomers
• @BinanceLabs invested in Initia in a pre-seed round
Hashflow 2.0
• @hashflow is a multichain DEX that uses an intent-based smart order routing architecture to offer traders the best prices
• Hashflow 2.0 introduces smart order routing (SOR), expansion to Solana and an improved UX. SOR will route traders to the best prices to provide capital-efficient and competitively priced quotes
• Users will also soon be able to trade native assets on Solana itself and to also perform cross chain swaps
Impossible Finance x Ronin
• @impossiblefi has entered into a strategic partnership with @Ronin_Network
• This partnership allows ERC20 tokens to be launched on the Ronin Launchpad powered by Impossible Finance
Beam x Immutable x Polygon
• @BuildOnBeam, @Immutable and @0xPolygon are forming a strategic alliance. Beam — the subnet of Merit Circle DAO will be launching on Immutable’s zkEVM powered by Polygon
• This collaboration will be starting with the native digital asset marketplace Sphere that is launching on Immutable zkEVM and integrate its orderbook
• The Immutable Passport will also be integrated allowing Beam to upgrade both the Beam Companion App and the Account Abstraction solution on Beam
GammaSwap EER
• @GammaSwapLabs introduces Emissions Efficiency Ratio (EER) that measures how effectively a protocol uses emissions to generate revenue
• EER applies traditional cash flow analysis to Crypto, measuring the profitability of a protocol to determine the net effect of emissions on the DAO treasury (EER = Revenue/Emissions)
• The article discusses different Defi protocols with different levels of EER & EER Growth with GMX being the protocol with best EER and MakerDAO being the top protocol that generates 100% net profit margins (NPM) without any emissions
• The article also presents an idea of how to look at Assets & Liabilities on token perspective — Assets: Native Gov Token, Stablecoins, Yield Generating Tokens (LPs, LSTs, veTokens).
Liabilities: Debt (Onchain Loans), Emissions (Token incentives like liquidity mining — you are borrowing from the future to finance revenue today)
• Suggests checking out their article, best read today
Heron x Goldfinch
• @goldfinch_fi announced that @heron_finance has officially launched on the Goldfinch protocol
• Heron Finance is an onchain SEC-registered investment advisor (RIA) and is a robo-advisor focused exclusively on private credit. Users will be able to invest in Heron’s managed portfolio services to US accredited investors to earn target yields of 11-16% APY with automatic rebalancing
Resonate x Hashnote, Arbelos, and CipherChain
• @ResonateFi partners with Hashnote, Arbelos, and CipherChain and announced the launch of pilot RWA program
• This collaboration integrated the Hashnote US Yield Coin (USYC) into Resonate, Arbelos Markets deposited their short-duration asset-backed tokens into Resonate, receiving an immediate payout on their future yield
• Hashnote as tokenizer, providing KYC/AML and tokenization services to Resonate’s lenders and borrowers through its USYC token
• Arbelos Markets, principal trading firm, as borrower utilizing future yields to speculate on BTC & ETH perps
• CipherChain, a prominent player in the hedge fund sector, as lender leveraging the spread between the amount lent to Arbelos and the yield Arbelos’ assets generate on Hashnote
Misc News
• @LodestarFinance integrates Hidden Hand market — stakers will receive bribes to direct emissions to the lending or borrowing markets
• @parsec_finance introduces the Parsec Explorer
• @DriftProtocol launches $TIA perps market
• @fwb_network_ FCFS private sale on Dec 8
• Ethereum scaling startup Versatus raises seed round at $50 million valuation
• @PythNetwork announced their strategic fundraise including Castle Island Ventures, Multicoin Capital, Wintermute Ventures, Borderless Capital, CMT Digital, Bodhi Ventures, Distributed Global, and Delphi Digital
• @bakery_swap teases a new launchpad project on BRC20
• @MadLadsNFT and @xNFT_Backpack teases collaboration with @wormholecrypto
• @LineaBuild will be introducing proof of humanity so that Linea Voyage XP (LXP) can only be minted on accounts that can prove human ownership via examining your account’s historical data across multiple chains
• @GMX_IO has been successfully integrated into the new self-custodial Web3 Wallet from @Binance
• Breakfast Finance (Cake governance aggregator) has shared its BREAK Tokenomics
• @Balancer teases V3
• Fraxchain testnet live
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*