GM Digest #158 — Post-Christmas Retacement | Vaultka $100k Loot Boxes
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Post-Christmas Retracement
• BTC, ETH, and all coins have been up during the past 3-4 days “Christmas Gainz”. But now that Christmas is ending, BTC & ETH have retraced 1.6% & 2.0% respectively
• Nothing has fundamentally changed, all eyes are on early Jan’s BTC ETF approval → and then ETH ETF approval soon after which will kick off the 2024 bull run
Vaultka Sip-to-Earn Round 2
• @Vaultkaofficial’s “Sip To Earn" campaign round 2 will go live on Dec 27 with the top loot box netting you $100k worth of esVKA tokens
• Sip-to-Earn round 2 follows a tier system where the higher tier you go, the better the rewards you’re going to get
• In order to earn points and progress through the tiers, you can earn point by staking $VKA or providing v3 VKA LP or provide lending capital or trade in v3 VKA LP (only the buys count) or refer your friends to Vaultka
• Providing v3 VKA LP will yield the highest number of points for your $. You can also form your guild by referring to your friends, get on top of the leaderboard for your guild & for referring to get booster on your points
Manta Lucky Boxes
• @MantaNetwork’s New Paradigm campaign introduces Lucky Boxes, which users can now open to obtain NFTs
• These NFTs provide rewards based on their rarity, and there are two types of Lucky Boxes
• Common Lucky Boxes: These are obtained by collecting 25 box pieces through activities like bridging assets, inviting friends, and being an active user. Opening a Common Lucky Box reveals one of six special NFTs
• Frenzy Growth Lucky Boxes: These are more exclusive and can be obtained by reaching team goals or through increased chances with each unsuccessful attempt to obtain one. The Frenzy Growth Lucky Box can yield a random set of 2 to 20 NFTs
• Additionally, users can aim to collect all six types of NFTs from the Common Lucky Boxes to combine into "The 1st Modular L2 NFT," which offers the highest rewards
Thoughts: If you are lucky to get the highest tier NFT you can sell them on the secondary for approx. 0.6 ETH at current prices
Hera Expansion to Ethereum
• @HeraAggregator is a multichain DEX aggregator currently deployed on Arbitrum and Metis
• Hera is expanding its token with LayerZero Labs technology, bringing $HERA to Ethereum
• The initiative includes a bridge for cross-chain transfers and liquidity provided as HERA/USDC on Uniswap V2
• Additionally, a new portal has been introduced for seamless staking across chains. All Hera tokens on the staking portal are transferred to the Metis chain using the OFT model
Berachein Vibepaper
• The @berachein team has released a Gitbook that provides detailed information about the project, its goals, and its place in the Berachain ecosystem
• Berachein is an initiative aimed at promoting mass adoption of blockchain technology by building a cultural identity around the Berachain ecosystem
• The project sees itself as a "Culture Department" focused on creating a diverse range of brand products and content that extends beyond the crypto space. This includes developing a cartoon series driven by the Berachain community, music, merchandise, and organizing events
• The upcoming mint for Berachein's Baka Bears collection is on Dec 28 on Arbitrum
Introducing bitSmiley
• @bitsmiley_labs is an overcollateralized stablecoin protocol on the Bitcoin network
• bitSmiley introduces bitUSD — a BTC-based over-collateralized stablecoin and users can deposit their BTC into the protocol and obtain bitUSD
• Part of bitSmiley’s roadmap include bitLending, a native trustless lending protocol which revolutionizes lending with its BTC-based peer-to-peer model
Misc News
• @bsx_labs public testnet launch on Dec 27
• @bounce_finance’s BounceBit, Bitcoin Staking Chain is partnering with @multibit_bridge, designating it as the exclusive, official bridge for BounceBit
• @vutran54 CEO, Co-founder of Kyberswap announced 50% workforce cut
• @OrdiswapLabs announced TGE on 28 Dec (finally)
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*