GM Digest #190 — Contango | Whirl | SeiDB
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Contango Points
• @Contango_xyz introduces a points system to encourage adoption and community engagement, distributing points weekly for 2 months
• Users can earn points through trading, social activities (e.g., tweets, articles), and helping with product feedback
• Already, 21,319,064 points have been retroactively allocated based on various activities like trading on V1 and V2 and completing Galxe campaigns
• Weekly distributions are on Wednesdays, with a planned detailed dashboard and leaderboard in the future
• Points are a precursor to a Contango token launch in 2024
Whirl Roadmap
• @WhirlPrivacy unveils its roadmap starting with the $WHIRL token launch on Jan 29
• After $WHIRL launch, public beta will start on Ethereum, Arbitrum, ZkSync, Optimism, Polygon, and BSC, with more chains added later
• Next up is Whirl v1, which introduces stablecoin and ERC20 swaps, creating a Private DEX. This version also marks the beginning of the Community Incentive Program
• Next up, we have enabling the use of $WHIRL as a fee token and introducing a burn mechanism to make $WHIRL deflationary
• Further down the line is the Development of Private APIs for direct DApp access, catering to developers for integration into specific programs or automation
• Whirl is a privacy-focused multichain platform that enables users to anonymously swap, bridge, and transfer funds all from one interface
NFTfi X Upshot
• @NFTfi and @UpshotHQ, after a successful partnership in NFT lending, are now integrating Upshot's AI NFT valuation model into onchain RWA lending
• Upshot's AI algorithms provide accurate valuation insights for long-tail or non-fungible assets, facilitating efficient lending against on-chain real-world assets
• NFTfi's move into tokenized real-world assets, such as watches, aligns with the expanding RWA classes, bridging physical and digital worlds in DeFi protocols
Introducing SeiDB
• @SeiNetwork introduces SeiDB, part of the new Sei V2 design which unlocks scalable performance for the first Parallelized Ethereum Virtual Machine
• This enables Sei to achieve 90% reduction in archive state size, improvement in block commit times and also 2x improvement in transaction throughput
Misc News
• @OrdiswapLabs announces integration with @LayerZero_Labs
• @StructFinance joins @avax’s ‘Avalanche Rush’ program
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*