GM Digest #164 — 2024 Low Hanging Fruits
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
SEC May Notify Approved ETF Issuers Early
• The BTC ETF that was set to be approved by 10 Jan could come early — SEC may notify the 14 BTC ETF issuers as early as Tuesday or Wednesday this week per Reuters report
• Many of the issuers have submitted the form outlining the sponsor fees with Fidelity having the lowest fees of 0.39%
Cakepie cIFO
• @PancakeSwap proposal submitted to host a cIFO for @Cakepiexyz_io on PancakeSwap
• If the proposal passes, the Fair Launch will consist of a 10% Private Sale for PancakeSquad NFT holders and point holders (≥ 1100 points), and a 90% Public Sale open to all
• The participation fee is 1% for the Public Sale and 0% for the Private Sale. The $CKP token distribution is planned, with a total of 200,000 $CKP to be sold at $1.50 each
• The cIFO sale should start on Jan 4, and will have a vesting schedule for the tokens
• Additional details include a Syrup Pool for staking $CAKE to earn $CKP, with a total of 10,000 $CKP over 180 days, starting approximately on Jan 10
Dusk Updates
• @DuskFoundation has announced two significant mainnet deliverables: a web wallet and a node (Rusk), setting the foundation for the Dusk mainnet release in early 2024
• The web wallet is a comprehensive client-side operating system for privacy-centric blockchain apps, offering in-browser privacy, zero-knowledge proofs, and a novel driver-based engine
• It's designed to overcome traditional barriers to confidential smart contracts and has a built-in digital identity protocol, Citadel, for compliance and privacy
• The node, also known as Rusk, is a foundational component of the Dusk blockchain, providing privacy smart contracts, immediate finality, and a global shared state
• Rusk allows private spending of public coins and has the capability to be upgraded via smart contracts by the controller, requiring no forking or redeployment
• Dusk is a ZK L1 blockchain focused on regulatory compliance, privacy and tokenization of RWAs
Low-Hanging Fruits Leading to 2024
• Considering we’re going into the bull market in 2024, these are the type of protocols you should be getting exposure to
⇢ Launchpad Platform: From previous season’s launchpad coins like $SFUND, $GAFI, $IDIA to new next-gen launch platforms like $SPARTA, $MGP, $ECLIP. During the bull season, there’ll be a lot of hyped projects launching and participating in IDOs is one of the best way to capture that 10x - 50x gainz
⇢ Ecosystem DEX: We’ve seen the rise of some new L1s & L2s whose tokens are growing very fast. Betting on the top DEX of that ecosystem becomes an attractive levered beta play since majority of that ecosystem volume will be routed through that DEX i.e. $ASTRO for Cosmos-based chains, $GRAIL for Arbitrum
⇢ Liquid Staking: Taking in the learning from Solana’s Jito airdrop, we can glean that Liquid Staking protocol of hyped L1s & L2s especially ones with good backings (VC & Community) tend to perform well and airdrop fat stacks of their tokens. Even if there’s no airdrop, getting exposure on their native tokens could lead to attractive return e.g. Mito Finance for Injective, MilkyWay for Celestia
Misc News
• @VitalikButerin drops an updated roadmap for Ethereum
• @Orbit_Chain’s bridge reportedly hacked for $81.5M
• @Parcl TVL reaches ATH at $22M
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*