GM Digest #176 — Wompet | SatoshiVM
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Wombat’s Wompet
• @WombatExchange introduces Wompet, The Multi-Chain Gamified Bribe Market 2.0
• WomPets is the new GameFi design that incentivizes trading, staking, and, more importantly, $veWOM holders
• Solving the Emission Battle in DEXes — WomPets is designed to combat bots and “emission-hunters” (yes, there is such a thing) that are toxic to the DeFi ecosystem
• Points Accumulation System — Users can earn points through various activities, including holding WomPets NFTs, providing liquidity, holding $veWOM tokens, holding $WOM derivatives, engaging in trading, and participating in bribing activities
• Wombat Pets NFTs are distributed in stages through a snapshot of various groups, including $veWOM holders, $WOM derivative holders, and liquidity providers
• Wombat 2.0 introduces changes to tokenomics by decreasing emissions for a more sustainable future. The emission drop affects different chains, and Wombat aims for efficiency rather than achieving a high total value locked (TVL)
Contango x Morpho Blue
• @Contango_xyz is introducing new perpetual contracts powered by @MorphoLabs, offering higher leverage at better rates
• Morpho Blue, a trustless lending protocol, enables the creation of customizable lending markets, allowing users to set their own loan, collateral, risk parameters, and oracles
• Initially, Contango will offer two pairs with high leverage options: stETH/USDC and stETH/ETH
• Morpho Blue's unique feature is its higher loan-to-value ratios, which enable greater leverage than other DeFi markets
• With the launch of Morpho Blue there is a nice opportunity to farm the $MORPHO token by being a lender. $MORPHO as of now is a non-transferable governance token, however a DAO vote could change that anytime
Particle Seed Round
• @particle_trade, a protocol focused on leverage trading, has secured seed funding led by @polychain, with participation from Nascent, Inflection, Neon DAO, and several notable KOLs
• Particle introduces the Leverage AMM (LAMM) protocol, which enables trading any token with leverage, eliminating the need for price oracles, counterparty risk, and forced liquidations
• The team, from AI institutes like MIT, CMU, and UofT, has a background in building models and products for major tech companies
• Particle's alpha test is ongoing, concluding on Jan 19, as they prepare for launch
Introducing SatoshiVM
• @SatoshiVM is a Layer 2 solution for Bitcoin, integrating a ZK Rollup with an EVM for off-chain computations. This allows Ethereum-like interactions and development on SatoshiVM
• It bundles transactions into batches, validated on the Bitcoin network, maintaining Bitcoin's security
• SatoshiVM uses Taproot and Bitcoin Script for on-chain contract verification without changing Bitcoin's consensus rules
• Additionally, it ensures data availability on the Bitcoin network and uses BTC as gas for EVM transactions, similar to ETH in Ethereum's OP/ZK Rollup L2s
zkLink Token Sale
• @zkLink_Official announced a community token sale on @CoinList
• zkLink is a unified multi-chain trading infrastructure secured with zk-SNARKS connecting L1 and L2 networks. With zkLink, developers and traders can leverage aggregated assets and liquidity from different chains
• Some features include liquidity aggregation, hyperscaling and multichain, cross rollup abstraction
Misc News
• @_Fortunafi to deploy on @berachain testnet Artio
• @Multibit_Bridge strikes partnership with @SatoshiVM
• @SenecaUSD new $senUSD pool is live on @CurveFinance
• @OrdiswapLabs announces partnership with @tectumsocial
• @SynapseNetwork_ introduced their migration to zkSync
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*