GM Digest #168 — ETF Rumor | Webverse Mint | Saga Airdrop
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Friday ETF Rumor
• There has been a speculation that ETF will be approved by Friday this week
• TechCrunch reporter Jacquelyn Melinek cited sources extremely close to the matter suggesting that multiple ETFs could be approved by Friday
• Grayscale Chief Legal Officer also made a post saying “Filling out forms” fueling the speculation. Despite the rumor, many still believe that the ETF could be approve next week between 8 - 10 Jan
Webverse Mint
• @WebverseNFT Mint will happen today — Whitelist Round will begin at Jan 5, 2pm UTC and Public Round will begin at Jan 6, 2pm UTC.
• 3432 Weavers and 166 Agents sold in Presale round to exclusive partners and investors of @Entanglefi
• Entangle offers a unique approach to cross-chain transactions — what sets Entangle apart is the ability to set custom security parameters, custom price feeds, IBC & Non-EVM connectivity, 3 second block confirmation time, own native dApp unlocking $14+ billion in assets, and better yet… $NGL token that’s extremely low in valuation (<$1m MC & $45m FDV)
• The Webverse is a parallel dimension that embodies Entangle's Infrastructure (or @Cryptotrissy parallel dimension where more girls are hungry over his abs). Webverse is an NFT project that’ll receive 15% rev share from Entangle Infra + $NGL airdrop + early access to future product
Saga Airdrop
• @Sagaxyz__ have announced a community genesis airdrop for their $SAGA token to reward loyal stakers and users of its tech partners including Celestia, Polygon, Avalanche, and the ATOM community
• The airdrop targets those who increased their stakes through the bear, with eligibility determined by snapshots taken within specific periods
• Participants from these communities will be categorized into small, medium, and large airdrops, with a bonus multiplier for exhibiting strong loyalty
• Eligible recipients must claim their $SAGA tokens manually once the claims page goes live
• Additionally, Saga is running a Play-to-Airdrop Season 2: The Three Kingdoms, involving tournaments across games building cross-chain with Avalanche, Polygon, and Solana ecosystems
• Saga is a protocol that allows developers to automatically spin up parallelized and interoperable dedicated chains that elastically scale with their Web3 application needs.
Seneca Launch
• @SenecaUSD’s dApp is live on Arbitrum — Seneca is an omnichain CDP protocol for yield-bearing assets
• The initial collaterals include LSTs like $wstETH, $sfrxETH, $rETH, blue-chip assets such as $ARB, and yield-bearing stablecoins like $stEUR
• Future plans involve incorporating RWAs, vault tokens, deposit receipts, and liquid restaking tokens to broaden utility and appeal
• Both $senUSD and $SEN leverage LayerZero Labs's OFT technology
Teleordinal x Accross
• @Teleport_DAO’s TeleOrdinal is the first cross-chain marketplace for Ordinals and BRC-20s initially launched on Polygon
• Recently they expanded its services to include Ethereum, Arbitrum, and Optimism by integrating with Across, an optimistic bridge protocol
• TeleOrdinal allowed users to bid on native Ordinals and BRC-20s using ERC-20 tokens via a trustless connection established by the TeleportDAO Bitcoin bridge
• The expansion allows users from different EVMs to participate in Ordinal auctions using stablecoins from their preferred chains without fragmenting the marketplace
• The process involves users placing bids via connector contracts on their respective chains, which then transfer the tokens and messages to the TeleOrdinal marketplace on Polygon through Across
IoTeX Introduces W3bstream
• @iotex_dev introduces W3bstream, a L2 rollup for DePINs
• IoTeX’s L2 network specifically catered towards scaling DePIN projects will be able to compress (aggregate) large amounts of off-chain data into much smaller, verifiable zk-proofs to trigger on-chain transactions
• This is achieved through its sovereign smart devices, DA layer, Decentralized Sequencer Network, Decentralized Aggregator Network and L1 network
• While W3bstream relies on the IoTeX blockchain, W3bstream will also be able to support any DePIN project on any blockchain
Introducing Hubble 2.0
• @HubbleProtocol is a CDP stablecoin protocol on Solana with their native stablecoin — $USDH and the team introduced Hubble 2.0
• Hubble 2.0 will introduce features such as autonomous interest rates and fee generating sources (loan origination fees, interest rates, dynamic interest rates for yield bearing collateral and liquidation rewards)
• All fees generated in 2.0 will be used to buyback and burn their governance token — $HBB and deepen the USDH-USDC liquidity. Additionally, all interests will be charged in the collateral asset rather than USDH to prevent pointless USDH debts building up in loans
• In 2.0, $HBB will be used to bid on the bi-weekly fee pot via Dutch auction, vote on grants for builders building on Hubble 2.0 and to also determine the gauges for allocations to $USDH products across Solana DeFi
ZetaChain X Curve
• @zetablockchain is a universal blockchain with smart contracts that can manage assets on any chain from one place. The team announced that @CurveFinance will integrate ZetaChain for the first native BTC support for cross-chain swaps and omnichain asset pools
• With this integration, users can have access to omnichain asset pools with native BTC support. Users can deposit native tokens, interacting from any wallet on any chain and to perform native cross-chain swaps
Misc News
• @CelerNetwork announced that cBridge is expanding support for BRC-20 token bridge connecting the EVM ecosystem and the Bitcoin network
• @sommfinance announced that new and existing Sommelier vaults will now be able to access @CurveFinance allowing Curve yield strategies to be added
• @PopsicleFinance aka WAGMI is currently having a vote to deploy WAGMI on Metis
• @BinanceLabs invests in $MEME, the native token of @Memeland
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*