GM Digest #169 — Manta Blue | Lyra Chain | Points Marketplace
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Manta Airdrop Details
• @MantaNetwork's official airdrop event "Into the Blue" is distributing 50,000,000 $MANTA tokens, or 5% of the total supply, to long-term users and supporters
• The airdrop is divided into Airdrop Rewards (30,000,000 $MANTA for users in Manta Atlantic and Pacific and the general community) and Airdrop Bonus Rewards (20,000,000 $MANTA through the Great Treasure Hunt
• The Treasure Hunt involves finding and opening Mysterious Treasure Chests to collect one of six types of NFTs, each contributing to the airdrop bonus. Combining all six types of NFTs results in the legendary Mystical Manta NFT
• The NFTs obtained are tradable within the Manta Pacific ecosystem, allowing users to complete their collections and claim larger portions of the airdrop
StakeDrop Update
• @Pryzm_Zone announced that over 40.000 delegators stake with PRYZM validators, while earning $PRYZM tokens though the StakeDrop campaign
• The airdrop is for delegators to PRYZM validators on $ATOM, $OSMO, and $LUNA, offering up to 200 million (20% of the total supply) $PRYZM tokens as a reward
• Stakers can 'opt-in' by delegating to PRYZM's validators and earn 10 $PRYZM tokens for every $1 of validator commission paid
• Weekly snapshots will track the distribution, and a potential bonus airdrop might be offered for those who engage with the PRYZM network post-launch
• PRYZM is a layer-1 blockchain designed specifically for yield optimization, built on Cosmos SDK
Lyra Chain
• @lyrafinance is transitioning to a modular architecture by upgrading to Lyra Chain, powered by the Optimism OP Stack and Celestia
• This move aims to create a more efficient source of crypto options liquidity by addressing the limitations of calldata costs and data throughput on Ethereum
• This integration promises to pass cost savings to traders, enhancing the platform's ability to compete with traditional finance and centralized exchanges, and increasing profitability for sequencers and the Lyra DAO
• Lyra is an options trading protocol deployed on Optimism
Hourglass x DiamondSwap
• @Hourglass_Wait has partnered with @DiamondSwapTeam, a multi-chain DEX optimized for EVM blockchains
• Stakers of the Hourglass Launch Station dapp will be exclusively whitelisted for a private, pre-TGE round of DiamondSwap
• Access priority is based on Hourglass Power Points, with higher-ranked members getting priority access
• The Hourglass Collective is a launchpad allowing users to gain early access to launches and rewards by staking $WAIT and earning power points
Degen Play — MangoFarm
• @MangoFarmSOL is a Banana Miner-style protocol on Solana where users earn ponzi degen yields daily from the deposit that they made + from referring their friends to deposit capital
• Unlike Banana Miner, MangoFarm utilize the $SOL deposited to generate yields + a part of the deposit gets distributed as aggregate rewards
• The whole logic is that if you deposit more and keep on compounding, you’ll earn more rewards. But if you keep on harvesting your rewards, you’ll earn much less
• The current TVL is $1.5m
• Disclaimer: This is a ponzi similar to OHM back in during 2021 days. It’s just a different flywheel of building POL / Treasury while keeping depositors happy and staying (3,3). Do proceed with caution if you wanna try this out
Whales Market Points Marketplace
• @WhalesMarket is an OTC DEX on Solana allowing users to trade their airdrop allocations and tokens
• Whales Market introduced their Points Marketplace where users can trade Points from protocols such as @friendtech, @marginfi, @Blast_L2 etc. Sellers choose the number of points they want to sell, a price and deposit a security collateral into the escrow and buyers deposit the money they’re bidding for the points. Once the token drops, the escrow will initiate the conversion from points to tokens. If sellers fail to deposit the dropped tokens into the escrow, they will forfeit their collateral
• Additionally, holders of $WHALES — @WhalesMarket’s native token will be eligible for rev share to be announced in the future
Misc News
• @OmniBotX releases V1, with further updates in the coming months
• @NuonFinance integrates @chainlink’s CCIP
• @catalogfi announced that they have launched on Arbitrum enabling seamless native Bitcoin access for dApps
• @aevoxyz added @dymension’s $DYM on their pre-launch market
• @BendDAO is launching $BDIN token on @Turtsat 6 Jan, 19:00(UTC+8). $BDIN token was also launched on
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*