GM Digest #159 — MarginZero | Thunder Terminal Exploit
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Introducing MarginZero
• @marginzero_xyz is a trading protocol built on top of @dopex_io V2, that eliminates the need for upfront margin, and removes the risk of liquidation due to price movements
• Positions are sustained by funding fees paid upfront and deducted over the life of the position, ensuring a balanced ecosystem
• MarginZero allows for liquidity providers, like those on Uniswap V3 for example, to lend their positions and enjoy a multiplier on fees earned, increasing their yield compared to standard Uniswap V3 fees
• To celebrate its launch, MarginZero will conduct a retroactive airdrop at its TGE, rewarding users for various activities on Dopex, including trading, liquidity provisioning, and holding DPX tokens
MYX Testnet Phase 2
• MYX has launched its Phase 2 Testnet. Initially, access is given to users on the waitlist, with broader access to be rolled out after a week
• The Phase 2 Testnet brings significant updates, including a Keeper System update for improved efficiency and stability, enhanced system capacity for stable trading, and the introduction of new funding fee tasks in the Shell system for more user rewards
• Additionally, MYX is adjusting the Shell reward mechanism by implementing a deflationary mechanism where the difficulty of producing Shells will increase every two weeks, reducing the number of Shells produced per unit of profit by 20% after each increment
• @MYX_Finance is a derivatives DEX with a P2Pool2P model
LandX x Atomica
• @landxfinance in collaboration with @atomica_org, is expanding its range of on-chain solutions for farmers, which includes a variety of insurance and lending products tailored to meet the diverse needs of the agricultural sector
• In the event of crop loss due to extreme weather, the protocol ensures the commodity yield for xToken investors remains stable, insulating them from direct agricultural risks
• By applying crop insurance and other financial tools, LandX is making borrowing more accessible and affordable for farmers across the globe while ensuring principal-protected yields for investors
Thunder Terminal Exploited
• @ThunderTerminal first reported on X that 3rd party services that they were using was compromised and the team launched an investigation. This was discovered after noticing suspicious withdrawals started getting sent through Thunder wallets
• The team reacted by revoking all access to transaction signings to stop all further malicious transactions. Total losses from this incident are 86.56 ETH and 439.12 SOL. Affected users will be fully refunded and will have access to 0% trading fees on Thunder Terminal
• The team reassured users that no private keys or wallets were comrpomised
WINR on Solana
• @WINRProtocol announced that they will be expanding to Solana and the Rust version of their smart contracts will be deployed in the following weeks
• Components and products of the WINR protocol will launch gradually on the Solana network and the $WINR token will be bridgeable as well
Misc News
• @CamelotDEX epoch 4 $ARB incentives are now live
• @Balancer released a report on 8020 liquidity for governance tokens
• @binance introduced @SleeplessAI_Lab on Binance Launchpool
• @Neon_EVM introduced Community Points acknowledging and honoring those who contribute across Neon’s platforms. For now, users can earn points by creating memes, thoughtful Neon EVM tweets, quote tweets, threads, replied to nom-affiliated Neon EVM accounts and to create YouTube videos
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*