GM Digest #162 — Avalanche Meme | Sei Season
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Avalanche Supporting Avax Memecoin
• @avax “intends to start using Culture Catalyst to recognize and encourage the culture and fun symbolized by meme coins by purchasing select Avalanche-based meme coins to create a collection”
• “The selection process for this collection is based on several key criteria, including the number of holders, liquidity thresholds, project maturity, principles of a fair launch, and overall social sentiment, among other factors”
Sei Season
• $SEI has pumped >100% for the past 14d, kickstarting the memecoin, NFT, and altcoin run season on Sei
• $SEILOR @Kryptonite_fi, Liquid Staking, Leverage & Lending on Sei have performed extremly well with 580% gainz during the past 14d
• I’ve personally got a chance to mint out @seiyansnft yesterday and the hype was craaaazy. The hype that it was giving off is like early Ethereum NFT season vibes
Point-Gated GenesisLRT Mainnet Launch
• @Genesis_LRT is launching its first phase of Mainnet launch which is point-gated — you can only access it by getting more than 1k points on MissionsHub
• The first phase of mainnet is capped to 200 ETH
• Genesis introduces genETH, LRT that users can acquire by restaking ETH with Genesis on the Beacon chain, users will earn 4% ETH staking yields with EigenLayer points on top from native restaking
WAGMI x Metis
• Wagmi DAO is planning to launch its DeFi products on the Metis EVM Network through a strategic partnership
• Metis will provide a $2 million grant in $METIS tokens to Wagmi DAO to deploy its DeFi products on Metis. In return, Wagmi DAO will contribute $2 million in $WAGMI tokens, creating a permanent liquidity pair with $METIS
• The grant will be provided following the governance votes from both parties. Wagmi DAO's DeFi products are set to launch on Metis within a week after receiving the grant, and liquidity provisioning will commence immediately post-launch
IntentX Mobile Trading
• @IntentX_ has developed a Progressive Web App (PWA) to facilitate mobile trading for its users
• Users can set up the PWA by visiting the IntentX website in a browser and selecting "Add to Home Screen" from the share icon. This will allow IntentX to function like an app from the home screen with improved performance and offline capabilities
Introducing Parallel Network
• @ParallelFi is the first omni-chain L2 blockchain powered by Arbitrum merging ParaX to introduce native yield, lending, staking, trading, and more in one place
• Parallel Network aims to aggregate liquidity across L2s to enhance capital efficiency and allowing users to have one account and access liquidity across any chain
• Their testnet is currently live for users and devs to build while earning Parallel Points
Parallax CALM Stats
• @parallaxfin CALM vaults at $84k and APYs are between 500% - 1200%
• CALM uses our AI liquidity manager called HAL9000 which rebalances and automatically compounds users’ positions for maximum APY and reduced fees
• They’ve recently published a guide to ape here:
https://twitter.com/parallaxfin/status/1740360448422416672
CVI Consolidating
• @official_CVI’s is consolidating at 66, ahead of the BTC ETF approval set on Jan 10
• The CVI index has been climbing & consolidating which signals that the market is gearing up for higher volatility, and this might be just the beginning
• I’ve opened a 2x Long position since 20 Dec back when CVI was at 60. Expecting this to go higher leading up to Jan 1 (So far it’s 13% gainz)
• Feel free to use my link for 15% trading discount if you wanna open a position: https://tinyurl.com/2vwm5fvs
Ordiswap x ALEX
• @OrdiswapLabs announced potential collaboration with @ALEXLabBTC
• $REOS is the BRC-20 counterpart to $ORDS
• Facilitating Value Accrual, Enabling Dual-Network Staking, and Efficiently distributing L1 LP & Fee Activity Rewards
• More details to be announced soon
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*