GM Digest #171 — Less Fees & Gas (LFG)
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Less Fees & Gas
• The @LessFnGas project on Solana has been airdropping 40% of its token supply to Ethereum users, particularly those who spent over $4,269 in gas fees in the previous year
• This move led to over 50,000 Ethereum users claiming the airdrop within a day and a notable increase in activity on the Wormhole bridge between Ethereum and Solana
• The project, supported by prominent figures like Kyle Salmani of Multicoin Capital and Solana co-founder Anatoly Yakovenko, aims to continue attracting Ethereum users with further airdrops, lower eligibility thresholds, and specific targets such as Ethereum developers and Solana protocol users
• Additionally, LFG plans to use its treasury to fund a decentralized grants program to incentivize Ethereum developers to build on Solana, signaling a push to expand and integrate communities across both platforms
• Less Fees and Gas is (LFG) vision is to onboard Ethereum & EVM users to Solana by rewarding active Ethereum users (who spent shit tons of gas on Ethereum) & showing them what it’s like on Solana
ACYC Pivot
• The @ACYCapital platform is rebranding itself as a decentralized hedge-fund for Web3 assets
• The revamped protocol will use Trader "Ponds," where individual traders can host funds with specific asset classes, operators, and return goals
• Contributors to these Ponds will get a share of the returns when targets are met
• The native $ACYC token is used for protocol governance, and for access to the Ponds
• ACYC's plan for full decentralization will roll out in three phases, starting with predefined Ponds and operators, moving to user-defined Ponds, and culminating in full governance and protocol-level staking by $ACYC holders
Introducing Pact
• @pact_fi is a decentralized exchange (DEX) built on the Algorand blockchain
• Pact is working towards driving more transactions on the Algorand chain by diversifying its pool offerings and incentivizing varied trading activities
• All rewards on Pact are distributed through its farms, with ongoing collaborations with various protocols in the Algorand ecosystem to enhance its offerings and effectiveness
Harbor LGE
• @0xHarborMarket is a decentralized lending protocol on BSC and announced details for their Liquidity Generation Event
• The LGE is a simple token sale for a discounted price from token launch. It starts on January 15 and will last for 2 weeks
• 2.5m $HBR tokens will be available to be purchased at $0.4 — a 60% discount from the $1 launch price. Participants in the LGE will be subject to a 90 day cliff and a 90 day linear vest
Misc News
• @SenecaUSD borrowing capacity for $wstETH has been increased
• @FinanceFlorence public sale sold out in seconds
• @PopsicleFinance to deploys on Metis
•@TeamUnibot is now supporting Arbitrum
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*