GM Digest #172 — Merkle Season 2 | Ledgity LBP
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Merkle Trade Incentives
• @Merkle_Trade Introduces Trading Season 2 with pMKL, MKL, and APT incentives
• Merkle is an omnichain gamified perp DEX that’s utilizing Aptos tech stack with extremely fast TPS. It recently announced v2 at the end of Dec with gamified lootboxes & gears becoming available (you can equip them) as rewards for trading (More info here)
• Merkle has allocated over 5.3% Supply of MKL Token as incentives for Pre-TGE incentives with 0.6% of the total Supply allocated for Season 2
• 1% MKL supply set for retroactive LP incentives pre-TGE, the amount and duration of LP decide the retroactive airdrop, the sooner you start, the better
• Over 5000 APT will be distributed in Season 2 to incentivize trading. This is the reward on top of the MKL token supply allocated
Ledgity Fjord LBP
• @LedgityYield offers stablecoins holders with a real, stable and high-efficiency yield backed by Real World Assets (RWA)
• It previously announced Multi-Airdrop to reward its earliest community members. Up to 16% of 1yr $LDY supply will be airdropped
• Ledgity is planning Fjord LBP raise on 15 Jan - 18 Jan with 10% of total supply available in the LBP
• $LDY primary utility is rev sharing but holders of $LDY will get future benefits such as boosted yields, unlock leverage, reduce withdrawal fees to 0%, and more
CKP TGE on Jan 10
• @Cakepiexyz_io governance token $CKP arrives at @PancakeSwap on Jan 10
• $CKP IDO quickly sold out within minutes after the launch of Public Round on Magpie Launchpad, over $2.6m USDT was committed by the investors
• About 5m CAKE has already been converted on Cakpie (~$15m at current CAKE price) and the IDO was done at $20m FDV
InterSwap x Prime Protocol
• @InterSwap_io, a liquidity unification layer on Axelar, has partnered with @prime_protocol, a cross-chain prime brokerage
• Prime Protocol enables borrowing against assets across different chains, and InterSwap offers unified liquidity across networks. Together, they plan to increase capital efficiency and deepen market liquidity
• InterSwap also plans an invite-only Testnet Phase 2, offering early access to selected users
• The IDO for the $ISWAP token will be in Q1 2024
Revest Interest Exchange
• @RevestFinance announced a significant deal involving @Hashnote_Labs, Arbelos Markets, and CipherChain to set up a RWA interest exchange
• This collaboration allowes a hedge fund to generate additional yield on their RWA assets while a trading firm can receive instant yield from tokenized U.S. T-Bills
NoGas x IBM
• @NoGas_4337, a platform focused on offering free and gas-efficient swaps, has partnered with IBM
• This collaboration, part of IBM's Partner Plus program, aims to enhance the NoGas platform using IBM’s blockchain technology and data analytics expertise
• IBM's involvement includes providing technological and strategic support through its team of developers, data scientists, and strategists
STRK Tokens for Transaction Fees
• The @Starknet approved a vote to use STRK tokens for network fees in its v.13 upgrade
• Users of the Starknet L2 can now use both STRK and ETH for their transaction fees
• Additionally, this upgrade will also cut down on transaction costs and network performance
Introducing Power Perpetuals
• @perenniallabs announced that Power Perpetuals are live on Perennial
• Power perps combines options features in a perpetual futures format. It allows for asymmetric upside (similar to options payoffs), one unified contract so there is no liquidity fragmentation and also no liquidations when trading with full margin
• Bitcoin is the first power perp live on V2 with the first market being micro-BTC^2
Misc News
• @Vaultkaofficial sets new record with over $23k in weekly revenue
• @zksync transactions now available on @Etherscan
• @TaoPadX has integrated with LayerZero to introduce TAO on Arbitrum
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*