GM Digest #175 — Bera Testnet | OrbiterFi Token | Rodeo 2024
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Berachain Testnet
• @berachain, the EVM equivalent L1 built on Cosmos SDK, has launched its highly anticipated public testnet called "Artio”
• Berachain utilizies Proof of Liquidity (PoL) consensus, harmonizing staking with liquidity provision
• Users contribute to network security by providing liquidity to built-in DeFi primitives, earning $BGT, the chain's staking token
• Users can delegate $BGT to earn fees and influence rewards distribution, with the option to burn $BGT for $BERA
• Berachain aims to attract developers and protocols by offering a sustainable model for building liquidity bases and driving capital efficiency
Meteora x Jupiter
• The @MeteoraAG platform is preparing for the $JUP launch on its DLMM system, aiming for the end of January, though not confirmed
• They're conducting internal testing, audits, and stress tests to ensure a secure and successful launch
• Upon launch, 5% of all $JUP will be available on DLMM. Users can sell their claimed $JUP airdrop on DLMM, and liquidity providers (LPs) for $JUP can earn trading fees and points on Meteora
• Additional incentives might be provided for $JUP-paired pools
• Furthermore, the integration with Kamino Finance will enable earning Kamino points in addition to Meteora points for enhanced rewards
Introducing ZeroSwap
• ZeroSwap is @ZeroLiquid_xyz's upcoming product that allows users to buy crypto using future Ethereum staking yield
• It leverages the Time Value of Money principle, enabling purchases without selling existing assets
• Users swap input tokens for $wstETH, depositing it as collateral on ZeroLiquid to get instant upfront yield in $zETH (ZeroLiquid’s synthetic ETH)
• This yield is then swapped for stablecoins or your desired crypto
• Meanwhile, the $wstETH collateral earns staking rewards, eventually unlocking and repaying the upfront yield
Introducing Revert Lend
• @revertfinance has introduced Revert Lend, a new lending protocol specifically designed for liquidity providers on Uniswap V3
• With Revert Lend, LPs can collateralize their positions and secure loans while retaining management of their liquidity. While these positions are collateralized, providers will still be able to manage their V3 liquidity
• Additionally, liquidity providers can configure automation, like auto-range, auto-leverage/deleverage, or auto-compound, via position transformers — specialized, baked-in contracts that offer enhanced flexibility in managing and automating LP positions
Orbiter Finance Token Confirmed
• @Orbiter_Finance confirms that they will launch their native token this year
• The tokenomics and distribution plan is to be decided however the team mentioned that the O-Points Program will play a crucial role in shaping their airdrop rules
Mode Network Introduces Sequencer Fee Sharing
• @modenetwork is an Ethereum L2 and has introduced Sequencer Fee Sharing (SFS) to build an Onchain Cooperative that rewards the developers, users, and protocols that grow the network
• This SFS module allows devs to register contracts and receive a proportion of Mode’s sequencer revenue based on the transaction fees of smart contracts they deploy
• This module would allow developers to receive recurring revenue from the smart contracts they deploy to Mode, giving them capital to reinvest into their applications, thus attracting more devs into the ecosystem
Rodeo 2024
• @Rodeo_Finance shared 2024 detailed roadmap with details on grants, GM farms, Rodeo Alamo, Rodeo Vaults, and more
• Grants — 250k ARB from STIP + 100k ARB from GMX both about to go live to incentivize the lending pools (there’ll be a cap so get in now to prep for that juicy APR)
• GM Farms — Leverage GM Pools up to 10x with incentives from both Rodeo & GMX rewards (ARB incentives)
• Rodeo Alamo — Allows yield-bearing assets to be used as collateral, earning lenders yields on top of yields
• Rodeo Vaults — Allows the team to custom build any yield strategy, entirely independent of the lending / borrowing market on Rodeo
• Rodeo Unchained (Omnichain) — Core contracts and existing yield earning opportunities live on Arbitrum, however our lending liquidity and collateral can be supplied across blockchains
• Bribe Master — Rodeo is building new products with the goal of capturing value in this upcoming bribe market to steer Camelot rewards to the RDO token pools
• Tokenomics Change — Introduces fees sharing from leveragoors to lenders, and adjusts protocol revenue sinks to funnel more towards RDO & xRDO stakers. Potential up to 20% of rev as buyback coming as well
• Potential Future Integrations — Celestia 👀, LayerZero, Wormhole, T-Protocol, Redacted, and more
Misc News
• @CantoPublic proposals to fund neofinance coordinator and @ambient_finance cNOTE/USDC and NOTE/USDC emissions for period 17 have passed
• @Chainflip enables native swaps between $BTC $ETH and $DOT
• @MorphoLabs announced that Morpho Blue is live on Mainnet
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*