GM Digest #187 — Rabby Points | Gamma's DeltaSwap
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Rabby Points
• @Rabby_io introduces Rabby Points for EVM wallet holders, distributing initial points based on wallet balances
• Users switching from MetaMask get extra points. Importing MetaMask wallets can earn up to 12k bonus points.
• Daily rewards available through on-chain activities like referring users and swapping in Rabby
• Rabby promises ongoing rewards and hints at future surprises
Introducing LEVRbet
• @LEVR_bet is a novel Sports Book Exchange (SBEX) that offers sports betting with up to 5x leverage
• Additionally, LEVRbet introduces tokenization of betting markets allowing them to offer a binary options style feature as well
• LEVR uses tokenized betting where each type of bet is represented as a market with token prices correlating to the odds
• These tokens, valued between $0 and $1, can be redeemed for $1 if on the winning side and are worthless if on the losing side
• The system resembles short-term binary options with distinct winning and losing prices, offering profit opportunities during pre-game or live-game markets. At the game's end, tokens have a fixed value of either $0 or $1
Gamma's DeltaSwap
• @GammaSwapLabs unveils DeltaSwap as a feeless DEX for spot trading, aiming to eliminate protocol fees as a barrier to entry for retail participants
• The DEX employs a borrow liquidity mechanism sourcing from GammaSwap, allowing traders to hedge exposure or speculate on volatility
• DeltaSwap's feeless model is reminiscent of commission-free stock trading platforms like Robinhood, and it addresses the issues of impermanent loss through Loss Versus Rebalancing (LVR) and provides yield based on market conditions
• The DEX is expected to evolve with the launch of GammaSwap V2, introducing virtual liquidity for increased capital efficiency
Introducing DeFi with rsETH
• @KelpDAO announced the kick start of DeFi opportunities with rsETH enabling users to do more with their assets while accumulating KelpDAO and EigenLayer points
• Users can now access the rsETH/ETHx pool on Uniswap and rsETH/sfrxETH pool on Curve. Users of these pools are now able to earn 3x boosted Kelp Miles reduced to 2x after March. There will also be a Pendle rsETH pool also with 3x boosted Kelp Miles live on January 25
• Additionally, there are plans for more pools across Balancer, L2s and other DEXes, leverage strategies on lending markets and expansion to L2s
Jupiter LFG Beta Launchpad
• @weremeow shared on X that @jupiterexchange will introduce their LFG Launchpad Beta
• The LFG Launchpad provides launchpad projects with a strong community, customisable launchpool, tools to customise the Liquidity Pools, network reporting and gas management panel, integration with full network of bots so you can choose your fav bot to use it with and full enterprise level RPC, Cloudflare and FE support
• The first 2 projects to be launched on the Launchpad is a memecoin by @OvolsNFT and also Jupiter’s own JUP token. The team also plans to start allowing projects to start launching on LFG Launchpad by February 1
Misc News
• @AvailProject announces partnership with @dymension in a ‘Clash of Nodes’ testnet campaign
• @alt_layer released their season 1 airdrop distribution
• Lido’s stETH can now be bridged to Mantle
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*