GM Digest #194 — Camelot in Orbit | Nibiru Airdrop | Mangrove
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Camelot in Orbit
• @CamelotDEX is expanding its reach to become the liquidity infrastructure for Orbit chains
• Orbit chains, leveraging Arbitrum Nitro tech, allow for permissionless launch of Layer 2 or Layer 3, offering scalability and flexibility for builders seeking a customized chain
• Camelot, with its role as Arbitrum's native DEX, is natural to extend support to Orbit chains, adapting to unique requirements
• Camelot's infrastructure will provide deep liquidity for various assets on different Orbit chains, serving as the Arbitrum hub to navigate seamlessly between them
• The launch of the DEX on the first Orbit chains is expected soon
Nibiru Chain Airdrop
• @NibiruChain is launching a Gamified Engagement Airdrop as a thank-you to early supporters
• Participants can earn Nibi Points by engaging with Nibiru's content on social media, specifically on NibiruChain's X account
• Nibi Points are exclusive to the Gamified Engagement Airdrop, and participants can accumulate points by liking, retweeting, and posting tweets mentioning NibiruChain or $NIBI
• Bonus tasks on Gleam offer additional points for actions like joining Discord, connecting on Telegram, subscribing to newsletters, and more
• There are eligibility criteria, including the need for a three-month-old X account with a minimum of 100 followers
Introducing Mangrove
• @MangroveDAO’s Mangrove v1 introduces an adaptive liquidity layer for EVM networks
• Users can place limit orders on Mangrove's order book while their liquidity simultaneously earns yield on platforms like Aave. After order execution, the capital is automatically redeposited into chosen external protocols for continuous yield generation
• The Amplified Orders feature allows users to use the same pool of liquidity for multiple limit orders across different markets, updating or canceling others once one is executed
• Mangrove v1 aims to enable sophisticated, on-chain trading strategies, with more information to be published in the coming weeks
RootLabs TGE
• @0xRootLabs (formally NFT3) is building an operating system with the composition of an intent-centric aggregator of digital identity, virtual accounts, social graphs, and more to enable unified access to Web3
• The team announced the launch of their $ISME token. There will be a KYC process for the Community Presale followed by an LBP after the presale round
API3DAO Introduces OEV Network
• @API3DAO introduces the OEV Network — a zk rollup to capture all oracle extractable value which means that the OEV Network will be able to capture the OEV from all dApps that use API3 data feeds across all chains
• OEV Network is a specialized order flow auction platform that sells the rights to execute specific data feed updates for specific dApps to the highest bidder. This means that the winner pays while executing the data feed update, allowing the dApp to immediately receive the proceeds on their native chain
• OEV Network will be powered by Polygon CDK, with the first iteration being a single Validium on the Ethereum mainnet that uses ETH as the gas token.
Misc News
• @Uranium3o8 awarded with a grant from @Arbitrum
• @rage_trade crosses $60M in volume
• @0xOrangeFinance to launch LPDfi vault on top of the @dopex_io v2 CLAMM
• @Starknet announced that they will be introducing @CelestiaOrg’s Blobstream onto the Starknet chain to allow high throughput L3s with Celestia underneath
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*