GM Digest #161 — CKP IDO | Arkadiko Roadmap
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Meteora Pre-Mining Proposal
• The @MeteoraAG DAO community has formulated a 10% LP Stimulus Proposal to enhance liquidity on Meteora and create a robust base of $MET stakeholders
• The proposal is aiming to honor dedicated LPs with a points multiplier considering the early and consistent TVL contribution over time
• All forms of liquidity will earn points, with active liquidity gaining more based on the fees generated. This is to ensure that the system rewards functional and risky volatile liquidity more than stable liquidity
• Participants have the choice to receive $MET immediately during liquidity events or opt for their $MET to be locked in governance, with the latter earning a points multiplier
• A planned distribution of 1% per month of $MET tokens, starting when the incentive program begins. The $MET liquidity event is anticipated for 2024 and will depend on reaching specific TVL/Volume goals
• Meteora is the Most Dynamic Liquidity Protocols on Solana. Meteora’s DLMM which introduces zero-slippage bins, dynamic fees, and precise liquidity concentration, the Dynamic Vaults which rebalance capital every minute amongst the top lending protocols to maximize yield and reduce risk
Harbor Market Airdrop
• @0xHarborMarket is a lending and borrowing protocol that is launching soon on BNBchain
• They are initiating a series of strategic airdrops to distribute the Harbor token ($HBR) as part of the protocol launch
• 28 days post-launch, 1% of the $HBR supply will be distributed to those holding $GRAIN or with vesting GRAIN from the Granary Finance LGE. The distribution will be based on the proportion of $GRAIN held at the time of the snapshot
• 35 days post-launch, 1% of the $HBR supply is allocated to holders of $THE or $veTHE prior to the airdrop. The distribution will depend on the amount of $veTHE held, excluding protocols with a veTHE NFT, at the time of the snapshot
• 21 days post-launch, 0.5% of HBR supply will be rewarded to early supporters recognized through Galxe and Zealy
Hegic Auto-Exercising
• @HegicOptions has introduced new trading features developed in partnership with @SharwaFinance, focusing on automation and efficiency for option traders
• The auto-exercising feature allows automatic closure of positions 1 hour before expiration, eliminating the need for manual exercising. It's available in the 'My Strategies' section and must be enabled for positions to close automatically
• Traders can set TP and SL orders for their option strategies, which are executed automatically when the price hits the specified level. Chainlink Automation monitors and executes these orders when trigger conditions are met
• Additionally, no maker/taker fees are imposed on these transactions; traders only bear the transaction costs
• Given the experimental nature of these new features, Hegic promises to compensate traders for losses resulting from any contract bugs or vulnerabilities discovered
VaultChain
• Vault Tech is developing its Layer 1 mainnet, named VaultChain, to enhance its escrow platform
• Transitioning to their own blockchain will significantly reduce transaction fees compared to the current Ethereum mainnet costs
• Additionally, VaultChain is designed to integrate smoothly with AI Oracles and backend infrastructure
• @VaultTechHub is a comprehensive crypto platform offering features like, Escrow Telegram Bot, Mixer, Multi-chain/Bridge and OTC trading
Levana Protocol Exploit
• @Levana_protocol reported of an exploit that happened on their protocol
• The exploit was due to an oracle attack over a period of 13 days where the attacker was able to drain 10% of the LPs on Levana
• Levana's core contributors have patched the exploit and are currently in the testing phase with the goal to redeploy position opening next week
Burn MGP or vlMGP for CKP IDO
• @Cakepiexyz_io’s $CKP IDO is set to launch very soon on @magpiexyz_io Launchpad
• Similar to how PNP & RDP was executed, mCAKE holders/stakers/lockers will receive the highest amount of the CKP IDO allocations
• MGP or vlMGP burners will share 10% of the CKP IDO allocation. The IDO is set to be in January 2024
Arkadiko 2024 Roadmap
• @ArkadikoFinance is a protocol enabling users to collateralize their STX and mint USDA — Arkadiko’s own stablecoin
• The team is preparing for the Arkadiko 2.0 upgrade introducing Vault redemptions. With redemptions, anyone at any point of time can exchange USDA for STX from the Vaults 1:1 enabling arbitrage. Whenever the USDA falls below peg, users will be able to buy USDA at a discount and redeem $1 worth of STX. This mechanism will include a dynamic redemption fee to prevent bank runs
• The team will also be introducing a new StableSwap initiative powered by Bitflow aiming to provide healthy APRs for liquidity provisioning and build deep liquidity
• Lastly, the Arkadiko protocol will also be able to support stSTX — the auto-compounding version of STX
Misc News
• @UnibotOnSolana launches on Jan 1
• @TimeswapLabs integrates @landxfinance $xBASKET token as collateral
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*