GM Digest #163 — MindAI Update | Hydro LSDFi
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Update on Mind AI
• Despite the decline in $MND token price from early snipers exiting, @MindLanguageAI continues devving and moving closer towards MVP
• Recently, it has announced “Early Supporter Keys” — Users can obtain the key by locking & vesting your keys for 90 days. The top 10 users who vest the highest amount of $MND will receive a key
• The initial killer use case that Mind plans to roll out is “MindTrade” where users will be able to formulate & implement trading strategies, on-chain airdrop farming software, or create your own DEX sniper bot
• Users will be able to execute your strategies with AI, strategies like “If this user tweets something positive about this token, then buy it” become possible
• I’m personally still holding $MND, won’t be surprised if it 10x from here
LandX Live on Arbitrum
• @landxfinance has expanded its products to Arbitrum, utilizing LayerZero tech for cross-chain capabilities between Ethereum mainnet and Arbitrum
• LandX's products offer a connection between agricultural finance and DeFi, allowing investors to engage in commodity vaults for inflation-hedged returns
• They have also set up liquidity pools for each product on Uniswap v3
• LandX provides upfront capital to farmers for a share of their future harvests, secured by the underlying farmland, thus offering a sustainable yield backed by tangible assets
Introducing Soil
• @soil_farm is a lending protocol on Polygon that connects traditional finance with crypto, targeting corporate debt and fixed-income investment
• It operates as a debt marketplace where established companies can obtain financing by borrowing stablecoins from depositors, who in return earn yields derived from RWAs
• On Soil you can deposit stablecoins into different lending pools based on your preferred return and duration
• Additionally, you can lock $SOIL tokens to boost your yield
• The yield is generated from the interest paid on loans given to small and medium-sized enterprises (SMEs)
Chainge Finance Changes
• @FinanceChainge is making significant updates for 2024, including: Deactivation of Futures & Options and introduction of new Earning Methods
• The app will remove the Futures/Options modules and no longer support any option-related functions. Users will need to convert matured futures into spot assets and redeem options manually by 00:00 am UTC at the end of the year
• When it comes to the new ways to earn, users will get daily interest by holding $BTC, $ETH, $USDT, $USDC, and $DAI on the Fusion chain, with APYs of 8.12% for USDT/DAI/USDC, 5.2% for ETH, and 4.1% for BTC
• Additionally, the CHNG/USDT liquidity pool will be the only one generating interest at an APY of 15%
Introducing SoBit
• @SobitBridge is the first bridge for Bitcoin and Solana allowing the transfer of BRC20 and SPL20 tokens between the 2 networks
• The team is currently formalizing v1 and getting it audited. They will also be looking for community testers for their protocol
• The $SOBB token was launched yesterday and is currently trading at $21.5m FDV
Introducing Hydro Protocol
• @hydro_fi is enabling the LSD & LSDFi infrastructure on Injective around Hydro’s hINJ
• Hydro plans to integrate diversified yield sources such as Perp Trading Fee, Stablecoins, RWAs, and more to hINJ, the team calls this Real Yield Assets (RYA). Think unshETH but for Injective-eco with diversified assets inside the basket
• Hydro will launch mainnet on Jan 2024 and will launch its HDRO IDO after which will likely be on Injective Main Launchpad, Mito Finance
• Mito Finance offers automated trading vault, enabled by smart contracts on Injective. Mito recently launched its Mito Launchpad feature and is running a community voting process to see which 1 out of the 4 project to choose as the first launchpad project to host
Merchant Moe Live Soon
• @MerchantMoe_xyz TGE is coming on Jan 8
• @MerchantMoe_xyz, a franchise of Trader Joe, is a DEX built specifically for the @0xMantle Ecosystem
• It comes with all the well-known features, like the Liquidity Book, but it also features a new gauge voting and bribe system
• The initial acquisition of $MOE tokens, part of the Merchant Moe project, will be exclusively available to $JOE token holders. The distribution will be in two phases: first, 2.5% of $MOE's total supply is distributed, followed by another 5% over one year
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*