GM Digest #180 — Pendle ATH | Introducing Thurst & RoboNet
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Pendle Outperformance
• @pendle_fi has shown great outperformance in price, increasing over 40%+ during the past 7d with 20% gainz during the past 24 hour
• Pendle is extremely fast to capture mind share of the new trending narrative, as seen by the latest addition of the LRT market, eETH from @ether_fi, allowing people to farm Eigen Layer points & EtherFi points at a rapid pace
• The new addition along with the ARB STIP has propelled cumulative trading volume to $540m+ and TVL almost hitting $300m both at record highs
• Recommend checking out YT-eETH if you haven’t already → Explanation by Pendle Intern
https://twitter.com/PendleIntern/status/1745747435513909695
$MANTA Tokenomics
• @MantaNetwork is the modular ecosystem which offer two networks Manta Pacific — the modular L2 ecosystem on Ethereum provides a scalable and inexpensive gas-fee environment for applications to grow beyond the limits of traditional EVM environments
• Manta Atlantic — the fastest ZK L1 chain on Polkadot, brings programmable ZK-powered confidential on-chain identities and credentials to web3 through zkSBTs
• $MANTA Utilities — Governance, Staking to secure Manta Atlantic, Use as Gas on Manta Atlantic. It seems like Token holders won’t receive direct revenue sharing but will accrue value in the form of productive redeployment of sequencer revenue by Manta i.e. Manta using the revenue to create more on-chain activities
Blast Testnet Live
• The @Blast_L2 testnet has launched, marking the beginning of the Blast BIG BANG competition
• Dapps can compete for exposure to 100k users and $1.3B in TVL, connect with investors, and earn the Blast Airdrop
• Winning dapps will be promoted to Blast users upon the mainnet launch in late February
• The competition has 8 categories, including Perp & Spot DEXs, NFTfi, Gaming, SocialFi, Lending and GambleFi
Introducing Thrust
• @ThrusterFi is a DEX designed for the Blast L2, aiming to be the core liquidity and launch layer
• Thruster focuses on native yield, custom liquidity solutions, and a user-friendly interface
• It integrates the entire token lifecycle and offers fair launch mechanics, liquidity tools for developers, and yield-supporting features for users
• Additionally, the project collaborates with launch partners and other Blast-native projects to bootstrap tokens and enhance utility for traders and LPs
Introducing RoboNet
• @RoboNetHQ is an AI-powered DeFi protocol introducing advanced strategies. It aims to overcome the limitations of current on-chain computation, enabling the creation of sophisticated financial primitives
• The protocol uses zkML technology and decentralized AI (Upshot Machine Intelligence Network). It utilizes the zero-knowledge proofs to verify off-chain AI models on-chain
• RoboNet plans to roll out in three phases, starting with NFT market making and expanding to support diverse strategies and multi-asset-type strategies in subsequent phases
Dusk ITN
• @DuskFoundation officially announced the Incentivized Testnet (ITN), marking one of the final stages before the mainnet launch
• For participation, individuals can engage as stakers or node runners
• Stakers will use their ERC20 DUSK on Ethereum, while running a node involves more technical knowledge and is conducted on the Dusk testnet (they will soon release a guide for it)
• The reward structure includes a fixed pool of $DUSK allocated for stakers (2.5 million $DUSK), and node runners will receive an airdrop once the mainnet is live
• Importantly, snapshots taken during ITN will enable future POAP claims, making holders eligible for upcoming rewards and airdrops once the mainnet launches
• Additionally, participant addresses will be disclosed, potentially used by projects launching on Dusk to identify early contributors to the network
• The staking contract will go live on Jan 31, and staking will commence on Feb 1, concluding on Mar 15. For node running, activities start on Feb 15 and conclude on Mar 15
Lyve Finance LBP
• @LyveFinance is a CDP protocol (Fork of Liquity) on @LineaBuild where users can deposit yield generating tokens such as LSTs or yield bearing stablecoins as collateral to borrow their native stablecoin — LYU
• Lyve Finance is currently having an LBP for their $LYVE token. 25% of the total $LYVE supply will be allocated for this public sale
• $LYVE allows users to participate in revenue sharing via staking the $LYVE token with rewards being paid out in esLYVE
Klaytn x Finschia
• @klaytn_official announced that they have submitted a governance proposal to merge the Kaytn and @finschia blockchains which will inherit Klaytn and Finschia’s integration with Kakaotalk and LINE
• The proposed new blockchain will support both EVM and CosmWasm enabling greater interoperability. A new native coin will also be issued, designed to deliver sustainable value creation via a low inflation rate, a 3-layer burning model, and a Zero Reserve strategy. All $KLAY and $FNSA holders will be able to swap their holdings to this new coin upon issuance
• The proposal is currently open for discussion and governance voting will take place between January 26 and February 2
Misc News
• @weremeow announced that $JUP token will be launching on January 31
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*