GM Digest #143 — Market Correction | TOMB+?
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Huge Market Retracement
• BTC & ETH have both retraced ~4% & ~5% respectively during the past 24 hours. The move has erased the gainz during the past 5-6 days immediately and sent the altcoin market downwards
• The correction comes after 8th consecutive week of green candles. Market is monitoring the next key macro event which is FOMC Meeting on 12 - 13 Dec
• Analysts are expecting interest rates to hold steady at a target of 5.25% - 5.50%
Tomb is Back with Tomb+
• @tombfinance is back with Tomb+ — promising to “delivers all the excitement of its predecessor, minus the drama, scams, and, well, Harry Yeh”
• Tomb+ is an ETH prediction game that requires users to stake their TSHARE+ to predict the ETH price. Correct guess would win oTOMB+ (Call options), incorrect guess doesn’t entail any penalty
• The more TSHARE+ you hold, the bigger the rewards. Less people in the winning pool, the more you win
• Users earn TSHARE+ & ETH through TOMB+/ETH LP or Convert TOMB+ (or oTOMB+) to TSHARE+ forever
• 25% of the ETH collected from exercising TOMB+ options go to LP, 25% goes to ve(3,3) bribes, and the rest 50% goes to weekly TSHARE+ lottery which rewards lucky TSHARE+ holders
IDO Today
• @Radpiexyz_io IDO is starting today for the first round at $5m FDV — Quota is locked in though so if you’re new to this, you gotta wait for TGE (soon)
• @Vivex_official IDO is also starting with snapshot already taken. They’re launching expirables / futures platform with only $1.8m FDV
• @Eclipsefi unveiled the tokenomics for their token — $ECLIP and will be opening IDO Whitelist Applications starting today
• $ECLIP will launch at $22.5m FDV with 8% of the 300m total supply allocated to the IDO. $ECLIP will launch on @Neutron_org and also wrapped on Ethereum mainnet and Arbitrum
Liquid Driver qLQDR Launch
• @LiquidDriver is a governance blackhole originally launched on Fantom, that also offers liquidity-as-a-service (LaaS)
• Prompted by Multichain's downturn they are shifting away from an inflation-dependent model to stable yield generation through significant portions of veTHE and veRETRO supplies and own ve positions in major DEXs like Ramses and THENA
• Key step would be the introduction of qLQDR, a revenue-sharing mechanism supported by Axelar, transitioning away from LQDR inflation reliance. qLQDR offers flexible locking options, multi-chain yield claims, and a 12-week lock period with an early withdrawal option, subject to fees
• The migration UI for mxLQDR holders to claim qLQDR is now live, with a 1:1 migration ratio. The first rewards batch will be distributed soon
Fusion X Trade Fest
• @FusionX_Finance is an AMM DEX on Mantle
• TradeFest is FusionX Finance's incentivization program for traders on its AMM. It partners with protocols with liquid tokens on FusionX to boost trading volume
• The event consists of epochs, each lasting at least one week. During TradeFest, traders have the opportunity to earn points based on their trading activity, which ultimately determine their rewards. After an epoch ends, rewards become available 72 hours later and there is a 2-week claim period. It's important to note that any unclaimed rewards are allocated to the next epoch
• Epoch #1 features @KTX_finance and will start on Dec 11 and last until Dec 18. Trading pair: KTC-USDT with a reward pool consisting of $5000 USDT and Mantle Journey points
• To qualify, be one of the top 100 traders with a minimum trading volume of $500 in eligible pairs
Misc News
• @TimeswapLabs announces expansion to Optimism soon
• @Dolomite_io reaches $20M in TVL
• The proposal to end $SNX inflation has been passed and no new tokens will be emitted
• @HMXorg introduced Adaptive Trading Fees
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*