GM Digest #195 — Genesis Roadmap | AEVO Airdrop | Inception Waitlist | Demex IDO
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
GenesisLRT Roadmap
• @Genesis_LRT Shared its 2023 - 2024 Roadmap and its Native Restaking Journey (Currently on Points-Gated Mainnet)
• Users can only access GenesisLRT by going to their Discord, get 1k points by participating in tasks. Currently users can natively restaked their ETH to genETH, earns ETH yields + Genesis Points + EL Points
• Genesis Roadmap includes plans to go omnichain (expanding to L2s), doing 2nd audit, deploying $GEN governance token Q2 (TGE + Airdrop), Q3 & Q4 development of omnichain LRT and restaking marketplace (rNFT) — modular LRT
AEVO Airdrop
• @aevoxyz announces details about $AEVO, revealing an upcoming Aevo Airdrop and Farming Program
• All users who have generated volume on AEVO so far will receive an airdrop of $AEVO tokens
• Then there is the 'Farming Program' which focuses on volume, fees, and loyalty on the platform, with a "Farming Boost" multiplier mechanic. The launch will be in a few days
• The Airdrop will follow the Farming Program's conclusion, with all users eligible to claim $AEVO tokens earned during the program
• The team is actively working on launching the Farming Program, auditing the $AEVO token contract, and preparing for a $RBN to $AEVO conversion. The $AEVO staking program rollout is also planned
JPEG to JPGD Migration
• @JPEGd_69 announces the migration from $JPEG to $JPGD, introducing enhanced features, improved gas efficiency, and new opportunities
• $JPGD inherits capabilities from $JPEG and enables functionalities like borrowing $pETH using $JPGD as collateral. It also becomes the sole token for governance, boosts, and future utilities
• A JPGD/ETH liquidity pool is introduced with a $1M POL seed for a 30-day liquidity mining program targeting 20% APY, providing $JPGD rewards to liquidity providers
• Furthermore, they mentioned that their NFT Perp Dex testing phase is up next, with more products slated for release later this year
InceptionLRT Waitlist
• @InceptionLRT introduces the first iLRT protocol allowing users to restake 11 LSTs on EigenLayer
• The Waitlist, starting from Jan 29, offers EigenLayer Restaked Points, Totems for the upcoming Inception $ING airdrop, and dual-layer restaking yields when AVSs go live
• The Isolated Liquid Restaking Tokens (iLRTs) model is chosen for its advantages, including the ability to offer a customized risk profile for each LST and provide enhanced liquidity
• The upcoming $ING governance token launch promises more features, DeFi integrations, and yield opportunities to maximize user assets
Demex IDO on EclipseFi
• @Eclipsefi announced that @demexchange will be having their IDO on their platform
• Demex is a @cosmos-native cross-chain Perp DEX, leveraging @axelar, @eigenlayer & @celestiaorg infrastructure
• Demex introduces Parallelized Liquidity meaning that the same liquidity pools can be used simultaneously on different perpetual markets offering zero spreads. Demex also allows connectivity with multiple EVM networks for deposits and withdrawals and also allows for cross-chain message signing
Introducing New Prisma Vaults
• @PrismaFi announced the launch of their new vaults for wstETH and sfrxETH
• These new vaults are introduced in addition to some changes to the fees of the current vaults. Opening new vaults allow both short-term and long-term borrowers have access to mkUSD based on their cost and redemption risk preference
• These new vaults give borrowers cheaper borrowing costs for short-term borrowers, redemption fee rebates for short-term borrowers, reduce redemption risk for long-term borrowers, allow for lower collateral ratios for long-term borrowers and provide more fee revenue for the PrismaDAO
Misc News
• @WhalesMarket to introduce points markets for @Blast_L2, @marginfi, @DriftProtocol and Kamino_Finance soon
• @dopex_io sunsets SSOVs to focus on CLAMM improvements
• @Bedrock_DeFi announced uniETH as a Liquid Restaking Token
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*