GM Digest #189 — Synonym Mainnet | POAT | EigenLayer Cap
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Synonym Mainnet Imminent
• @synonymfinance mainnet is slated to launch in less than a week, so now would be a good time for a quick refresher
• Synonym is an omni-chain money market that aims to address liquidity and technology fragmentation
• The protocol unifies liquidity across multiple blockchains, starting with Mainnet, Arbitrum, and Optimism, and plans to scale to all available blockchains on Wormhole
• Synonym had a merger with New Order DAO earlier, and $NEWO will be convertible to $SYNO 1:1 at TGE, which puts Synonym at ~$10M FDV currently
• In addition to Wormhole, Synonym also collaborates with other projects such as Pyth, Circle, and the New Order DAO ecosystem
POAT Incentivized Beta
• @POAT__ (Ponzi Of All Time) has launched its Beta on the Blast Testnet, offering early users incentives and seeking feedback for improvements before the Blast Mainnet Launch
• POAT is a lottery-style game where users purchase 'keys' before the timer runs out. The person who buys the final key wins the main prize
• To reward early users, the Beta version of POAT will offer a system of incentives
• Additionally, POAT's LBP on @FjordFoundry is live right now. It ends on Jan 27
Introducing Cubhub
• @CubhubNFT is an NFT project on the Berachain that incorporates AR and XR technologies
• The project seeks to enhance NFT value through unique AR interactions and plans to introduce NFTs in a merch section, pioneering digital fashion in the crypto space
• Cubhub is launching 1000 NFTs representing access to their ecosystem, known as "cubs." These cubs grant holders access to various activities. The collection includes cubs with different traits and features for use in AR
• The minting process is free. 700 will be reserved for Bera NFT holders and Cublist community members, while 300 will be open for the general public
EigenLayer Update on Caps
• @eigenlayer gave an update on the upcoming LST additions and restaking unpause
• For the cap raise, the team will be introducing 3 new LSTs namely sfrxETH, mETH and LsETH. The 200k ETH individual caps on LSTs will also be removed. Lastly, a new approach for allocating restaking points is being introduced. This method will cap future restaking points distributed to any LST, LRT, or individual deposit at a maximum of 33% of the total future issuance
• The restaking window will be unpaused from February 5 to February 9 with new LSTs sfrxETH, mETH, and LsETH, and no caps for any LST. After this time deposits will be paused again
Introducing Perp v3
• @perpprotocol introduced Perp V3 — the Smart Liquidity Framework for Onchain Derivatives
• The Smart Liquidity Framework is a modular system designed to be flexible and to be future-proof. The Framework is versatile and is designed to support any method for providing liquidity, as long as they can generate a price to be traded against including on-chain and off-chain models
• Perp V3 users have the option to choose purely on-chain liquidity or a combination of both on-chain and off-chain solutions which allows users to get the best orders. Additionally, projects can integrate directly with a variety of on-chain liquidity strategies and stay fully on-chain
Misc News
• @GMX_IO launches $BNB market on Arbitrum GMXv2
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*