GM Digest #153 — Espresso Timeboost | Eclipse TGE
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Espresso Systems & Offchain Labs Timeboost
• At Permissionless II, @EspressoSys announced partnering with Offchain Labs to bring a decentralized version of Timeboost transaction ordering and the Espresso Sequencer to the Arbitrum ecosystem and beyond
• Timeboost is a transaction ordering policy, originally developed by Offchain Labs, designed to protect users from frontrunning and mitigate against the harmful effects of Maximum Extractable Value (MEV)
• The Espresso Sequencer is a protocol that supports rollups in achieving interoperability, fast finality, and decentralization without sacrificing scale
• Timeboost mitigates front-running risk by keeping the mempool secret, leveraging an encrypted mempool in the decentralized version so that the sequencer protocol commits the ordering of transactions before the transaction contents are revealed
Eclipse TGE
• @Eclipsefi TGE is about to happen on Dec 22, and the team announced the launch partners for the $ECLIP token
• EclipseFi, based in the Cosmos eco, is naturally partnering with Astroport, as the main liquidity hub on Neutron
• $ECLIP will also launch on Arbitrum through CamelotDEX, benefiting from additional liquidity incentives in the form of $ARB and $GRAIL
• Eclipse Fi is an interchain token launch and liquidity protocol. It offers a modular platform allowing projects to customize their launch methods
Vaultka NFTs
• @Vaultkaofficial launched its NFT collection on Dec 20 on Arbitrum
• The collection includes 2000 Booze NFTs and 500 Spirit NFTs, available on a fcfs basis. There will be a WL phase Dec 20 to Dec 21, followed by a public sale
• If you had more than 50K points in the Sip-to-Earn campaign before Nov 8 you are whitelisted for a free mint of a Vaultka Booze NFT
• Alternatively, if you had 10K $VKA staked, also before Nov 8, you can mint a Vaultka Spirit NFT
• For the public sale, the price of the Booze NFT will be 1000 $VKA, and Spirit 2000 $VKA. All $VKA used for minting will be burned
• NFT holders will benefit from boosts in the Sip-to-Earn program, increased governance influence, and discounted $esVKA purchases. More utilities are expected to be announced soon
Chainflip Pre-release
• Chainflip is launching a pre-release of its swapping capabilities on mainnet
• This initial phase is limited. Features will be restricted, and swap sizes will be capped. The purpose is to test the new protocol in a real-world but controlled environment
• The launch involves several steps, including upgrades and tests, with a focus on protecting users and liquidity providers
• Chainflip's JIT AMM, similar to Uniswap v3, uses a unique system that combines maker-only limit orders in a unified pool. This setup allows LPs to update their orders before executing swaps, enabling them to offer competitive prices and win swap fees
Introducing Lumio
• @LumioFDN is the first Move based L2 on Ethereum and is currently live
• Lumio is both MoveVM and EVM compatible and is built on the OP Stack
• Waitlist is currently open and users can register to join the closed testnet
Introducing Ethos
• @ethosstake is a ETH restake hub for the Cosmos ecosystem powered by @eigenlayer
• Ethos will be an Actively Validated Service (AVS) operated by ETH stakers on @eigenlayer and aggregates the restaked ETH into a pool and acts as a provider chain for the other Cosmos ecosystem chains. This enables a communication layer between Ethereum and Cosmos
• ETH stakers looking for additional yields can delegate stake to consumer chains in Cosmos while consumer chains looking for supplemental security get access the ETH stake pool
• The team is currently planning to launch their testnet phase
Avail x Starknet
• @AvailProject will be collaborating with @StarkWareLTD to build a data availability interface to integrate Avail’s DA layer for @MadaraStarknet — a customizable sequencer
• These Madara based appchains will operate as L3s within the Starknet ecosystem
Introducing Jones Labs
• @JonesDAO_io introduces Jones Labs bringing Jones Liquidity Strategies on @arbitrum
• Jones Labs is a strategy development platform allowing users to participate and give feedback on new Jones strategies as they get built
• The first vaults will be the Jones Liquidity Strategies (jLP). jLP allow users to maximise their yields while constantly rebalancing their LPs with an algorithm that is volatility-based, allowing it to adjust to market conditions. This simplifies V3 liquidity provisioning for users
• The current jLPs live are WETH/USDC, WETH/ARB and GRAIL/USDC allowing users to earn between 37-226% APR
Misc News
• @GMX_IO successfully integrated with the @OKXweb3 Wallet
• @vertex_protocol reduces taker fees for both spot and perp to 0.02%
• @LiskHQ announced that they will be integrating with the Ethereum ecosystem as an L2 in collaboration with @Optimism & @gelatonetwork
• @GearboxProtocol announced that their V3 is live on mainnet
• @y2kfinance added PYUSD to their Earthquake vaults and will be powered by @PythNetwork
• @SavvyDeFi integrates Merkl to streamline rewards distribution
• @ThenaFi_ onboards @DefiEdge as liquidity manager
• @Vivex_official sunsetted due to “licensing issue” with @Contango_xyz. Vivex is working to refund the sale proceeds to the early round / IDO participants
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*