GM Digest #141 — Dolomite is Cool | Good Degen Mode
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Dolomite is Cool AF
• @Dolomite_io is a next-gen money market & DEX that’s extremely modular and offers very high capital efficiency with its virtual liquidity system
• Your deposit can be used across the entire Dolomite ecosystem — Deposit USDC & ETH to earn Lending Capital & oARB Rewards (Call options on ARB at discount) while you can utilize these capital to earn trading fees (from Swap & Margin Trade) and/or borrow capital with the collateral
• This allows you to earn yields on top of yields on top of yields while keeping your deposit as isolated as you prefer
Good Entry Degen Mode
• @goodentrylabs launching Degen Mode v0 on the week of 11 December
• Degen Mode brings 1000x Leverage, No Liquidity w/ Capped downside, Crazy Yields for LPs, better position management, and most fair and accurate pricing in DeFi for option trading
• For security, the team has shrunk 50% to make it less susceptible for attacks. Good will deploy the 200k ARB STIP rewards to the ezVault (LP)
LandX Sale Sold Out
• The LandX project successfully conducted a Flash Sale of its $LNDX tokens after the Public Round rapidly sold out. The Flash Sale, offered to active community members, sold out in just 40 minutes
• The sale terms included a 3-month lockup followed by 9 months of linear vesting, with tokens priced at $0.23 each. The total funds raised across the Private, Public, and Seed Rounds amounted to $8.38 million
• Upcoming steps for LandX include the veLNDX Airdrop for Private Round and Flash Sale investors, DEX/CEX listings on December 14, 2023, and the launch of the LandX platform on December 15, 2023
• @landxfinance is a platform that aims to offer yield-bearing, real-world asset-based tokens (xTokens) backed by agricultural commodities
Alex Launchpad
• Alex is a Bitcoin DeFI platform built on Stacks. They offer an AMM DEX, an orderbook and a launchpad
• The team just announced that the Bitcoin-based multichain launchpad is coming soon. There will also be an incentivized testnet as well
• $ALEX has tanked almost 40% from its high 2 days ago but has recently run back up 25%
FWB Network Private Sale
• @fwb_network_ is a new SocialFi protocol with revenue distribution that enables sending tips, managing subs & ads on Telegram or Discord
• Their FCFS private sale was scheduled for Dec 8, and had a hard cap of 41 ETH
• The cap was reached in just over a minute indicating a significant demand. The TGE is coming up next
Sismo Sunset
• @dhadrien_ announced that @Sismo_eth will be sunsetted and the team will stop working on building the product
• Hadrien also announced that 51% of the $10.5m raise has been returned to investors
• The team plans on open-sourcing the entire product and to maintain the basic infra for a few months
Introducing Ignite
• @BenqiFinance introduces Ignite — a Pay As You Go validation service
• Ignite allow users to pay a small amount in USDC, $AVAX or $QI to be able to launch a validator with the required AVAX stake provided by Ignite
• Validators can be spun up and down as needed, with staking durations ranging from 4 to 12 weeks
STRK Token Distribution
• @StarknetFndn announced that they have plans to allocate over 1.8b STRK tokens across multiple initiatives to drive the adoption and growth of the Starknet blockchain
→ Provisions Committee & Initial Distribution of STRK: The Committee has been allocated 900m STRK to distribute STRK over multiple phases. The goal is to distribute ownership of the network’s native token and to reward past and future contributions by users and community members
→ Network Rebates in STRK: 900m STRK will be used for transaction fee rebates
→ On-Chain Incentives for DeFi: 50m STRK allocated to reward DeFi activity and volume
Misc News
• @Blast_L2 reaches $820M in TVL
• @dopex_io CLAMM LPs have earned $73k in premium so far
• @pintswap0x announces launch of their TG bot
• @IntentX_ Introduces IntentX Research, A grant-based initiative that rewards creators of high-quality, open-access research and analytics, making them freely available to all
• Tools of Humanity (TFH) — the main developer of @worldcoinfnd is looking to raise up to $50m via $WLD OTCs that is rumoured to be at a discount of $1
• @KAVA_CHAIN announced that Kava 15 is now live
• @LayerZero_Labs confirms that a token launch will be happening in the first half of 2024
• @LumozOrg announced that ZKFair — the 1st community-owned ZK L2 is live on testnet
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*