GM Digest #185 — More Pie
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Eigenpie is Here
• @Eigenpiexyz_io is out with its Isolated Liquid Restaking — I’ve outlined the different types of Restaking HERE if you’re wondering what it is
• But TL;DR isolated LRT (iLRT) isolated each LST for each LRT, isolating the risk and allowing for better value-accrual mechanism on each LRT (even though liquidity will be fragmented but the risk will be isolated)
• If you want to participate in Eigenpie’s EGP IDO, it’s best to accumulate MGP right now OR wait for Eigenpie to launch and convert LST to get alloc. Imo burning MGP when that’s available to get EGP alloc would be one of the best way to get a lot of allocation
• This will highly likely be a >20x play from the starting FDV when it launch. Position yourself anons
Umami GM Launch
• @UmamiDao introduces GM vaults boosted by a structured ARB STIP grant. Initial distribution is 25,000 ARB tokens from Feb 1 to 14
• Additional rewards are tied to TVL milestones, aiming for a minimum 12% APR boost
• GMX v2's yield rewards, including real yield and native STIP rewards in $ARB, average around 22% APR. Umami aims to increase this with the new GM vaults
• This time arounf Umami will emit "naked" $ARB tokens for the new GM vaults, moving away from the old $oARB vesting structure
• Launching on Jan 22
Reya's LP Pool
• @Reya_xyz is a "Ce-DeFi" exchange combining off-chain speed with on-chain execution
• They just revealed their novel constant-product pegging mechanism for perpetual futures using a dynamic price deviation formula
• The market making model combines features of a traditional constant product AMM, allowing LPs to offer price-passive liquidity efficiently
• The protocol automatically adjusts trading conditions based on changes in liquidity to disincentivize liquidity drainage
• It also includes a novel price impact function, dynamic funding rate, derivatives clearing mechanism, and an open system trading system
• Additionally, all this can be used by any exchange operating on Reya Network, boosting liquidity and supporting clearing across exchanges
Introducing LNR
• @LinearProtocol is an omnichain liquid staking solution built on NEAR. Users can stake NEAR and receive a staked token which can be used to interact with DeFi protocols throughout the Near and Aurora ecosystem
• The team announced the launch of $LNR — with the initial batch of liquid tokens being distributed via genesis airdrop to the LiNEAR community members who have been active participants of the protocol. The genesis airdrop contains about 10% of the total supply and airdrop amount is determined by a user score taking into account staking time, amount and products used.
• Snapshots for the airdrop has already been taken from April 5, 2022 to December 31, 2023
Misc News
• @PancakeSwap $veCAKE Gauges are now live on @LineaBuild
• X launches @XPayments account
• @realDonaldTrump to inscribe his mugshot as an Ordinals collection
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*