GM Digest #155 — Arbitrum Szn is Back
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Free Arbitrum Portfolio
• @Rodeo_Finance announced a giveaway of an Arbitrum DeFi starter portfolio valued at $700 provided in the native tokens of Rodeo’s partners
• Users can participate by heading to Rodeo’s @zealy_io to kick off your quest — Join Rodeo’s Discord, follow the participating protocols, and answer 7 of the quiz correctly. Then you’ll be entered into a draw
• If you get a question wrong, you can retry again in 24 hours. As long as you are able to complete all quests by 31 Dec you'll be entered
Hero X Referral Program
• The @HeroXApp Referral Program, starting on Jan 2, is designed to incentivize users to invite others and participate in activities, contests, and campaigns on the HERO X platform
• Initially, whitelisted users on the platform will receive 10 referral codes to invite friends and groups, with access to the platform exclusively available via a ref link
• Users can earn HERO XP by joining the platform, completing basic tasks (like linking social media and connecting wallets), and claim their XP airdrop
• The referral campaign ranks participants and updates regularly. For the first month, the top 3 weekly winners will be rewarded with 500 HERO XP (convertible to $HERO tokens upon launch) and $100 USDC each
• HERO X is a Social + Trading + Predictions platform, integrating various DApps and products across multiple chains. It's launching with Hero Vaults & Hero Pools, with several other products planned before the token launch in early Q1 2024
GammaSwap Tokenomics
• @GammaSwapLabs' tokenomics, inspired by GMX and Curve, introduce the $GS and $esGS tokens with a focus on sustainable emissions and user incentives
• The $esGS token, similar to GMX's $esGMX, employs game theory mechanics to defer inflationary pressure, and boost protocol "stickiness" by incentivizing long-term holding
• All tokens are emitted in their escrowed form ($esGS), which can be converted to $GS over a 365-day period. Additionally, users must reserve LP tokens to vest escrowed emissions
• The protocol also plans to introduce gauges, as well as $esGSb tokens for borrowing incentives that can be converted to $GS and staked for rewards
• Gauges will allow token holders to vote on emissions distribution, with bribing mechanisms to boost liquidity
Mantle Holiday Raffle
• @0xMantle is hosting a Holiday Raffle from Dec 22 to Jan 1, where participants can win a total of 97 $mETH and 115,000 $mUSD
• The raffle includes five rounds of draws, with each winner having a chance to win up to 5 $mETH. Participants can receive up to 15 raffle tickets per draw, depending on their average $MNT/$WMNT holdings during specific periods leading up to each draw
• To participate, holders of $MNT/$WMNT on Mantle or any of the participating L2 protocols (there is an official list), need to register for the event
Baka Bears Mint
• @berachein announced details about the upcoming mint of Baka Bears that will take place on Arbitrum on Dec 28
• The total supply of the collection will be 8888 and the minting price will be 0.069 ETH
• The mint will consist of three stages. First is the Bakalist mint, which will begin on Dec 28 at 11am EST. The second stage starts 12 hours later and is reserved for Honeycomb and Honey Jar holders. And the final third stage is the public mint which begins 24 hours after the start of the Bakalist mint
Thoughts: This is all pure speculation, but the expectation of holding a Baka Bear NFT is that you will be rewarded with a token airdrop or rebase when Berachain launches at a later date
Introducing EigenBoost
• @staderlabs_eth introduced EigenBoost for ETHx restakers allowing them to earn extra EigenLayer restaked points
• The Stader Labs team will contribute ETHx from their treasury and boost eligible ETHx restakers’ EigenLayer points. More ETHx will be added as certain milestones are hit which will then increase the amount of points that restakers are able to earn
• This program is eligible for all ETHx users who have contributed at least 0.01 ETHx restaked in EigenLayer via KelpDAO or directly and will last up till March 31 2024
More Arbitrum Picks
• $VKA Vaultka’s performance has been phenomenal → Recent GM Neutral, GM Compound, and APX ALP vault has been performing well. The lending vault also offers very attractive return. Basket of GM pools, among other products are gonna be shipped in Q1 2024 (Can’t share much yet but im super excited). MC is still $2.6m
• $GMD protocol has both bottomed out in term of price → GMD’s recent delta-neutral GM Pools have shown that there’s demand & PMF for GMD’s pseudo product. The price of $GMD however hasn’t reflected that and the MC is sitting at $1.9m
• $GND protocol is a riskier bet that hasn’t made any recent updates on its v2 progress. Last update was in September when it announced the closure of zGND, the sunset of emission/inflation, and the development of GND v2 by gmdSaul. $GND MC is so low right now, sitting at $388k
Misc News
• @parallaxfin CALM Vaults are Live on Arbitrum
• @CryptoHayes announced that @ethena_labs is going to be live on mainnet in January 2024
• @Radpiexyz_io $RDP TGE is Live (CA: 0x54BDBF3cE36f451Ec61493236b8E6213ac87c0f6)
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*