GM Digest #191 — Sui Top 10 | Espresso Gibratar
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Sui Top 10 TVL Defillama
• @SuiNetwork recently cracked the Top 10 spot in chains with highest TVL. Sui recently hit ATH TVL of $487m
• Sui has been continuously growing ever since Oct 2023 when it made a strategic reallocation of 117 million SUI tokens previously held by external market makers to foster ecosystem growth + an additional 40 million tokens dedicated to the ecosystem
• @navi_protocol, @Scallop_io, @CetusProtocol are the Top 3 protocols among many Defi protocols to offer a lot of SUI incentives & protocol incentives to further attract TVL
• $SUI grew 25% in the past 7d and is trading at $1.4
Espresso’s Gibratar Testnet
• @EspressoSys’s Gibratar testnet sees an external operator running Espresso Sequencer nodes for the first time and features a new integration with the @Arbitrum Stack
• Espresso’s Decentralized Sequencer is being integrated with multiple technology stacks, rollups, applications, and rollup-as-a-service providers such as @Calderaxyz, @alt_layer, @OmniFDN, and more
• The Espresso Sequencer is a system that decentralizes transaction sequencing for layer-2 scaling solutions on Ethereum without compromising on their scale and speed
NFTperp X Elixir
• @nftperp collaborates with @ElixirProtocol to enhance liquidity for NFT perpetuals
• Elixir's DPoS network powers liquidity on nftperp's decentralized limit orderbook (DLOB), allowing users to earn rewards through liquidity provider incentives
• Elixir democratizes market making on orderbooks, increasing liquidity and offering rewards for LPs
• The partnership aims to make nftperp v2 the most liquid NFT perpetual futures exchange by combining DLOB, AMM, and various market makers
• Users will be able to market make on nftperp's DLOB via Elixir
Chromatic Early LPs
• @chromatic_perp is launching the Liquidity Boost Program for its mainnet, providing extra rewards to users providing liquidity early
• The pre-registration period runs for three weeks, starting from Jan 24, with participants receiving additional rewards of up to 30%
• Each week offers a different percentage of extra LP rewards: 15% in week 1, 10% in week 2, and 5% in week 3. Users can accumulate up to a total of 30% in extra rewards by participating in all three weeks
• The Liquidity Boost Round#0, alongside the mainnet launch, is scheduled for Feb 21
Mars Protocol Tokenomics 2.0
• @eigenlayer announced that they are partnering with @PolyhedraZK and will be utilising their zkBridge to bring secure and efficient interoperability to Bitcoin while leveraging EigenLayer’s restaking
• Polyhedra and EigenLayer will be using a dual validation process which requires approval from the native token operators and BTC backed operators in order to be recognised as a valid transaction
• This collaboration will allow Polyhedra to bolster their security and credibility while allowing new opportunities in the staking ecosystem
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*