GM Digest #197 — MetaStreet Airdrop | Allora | Cashmere
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
MetaStreet Airdrop
• @metastreetxyz introduces the 'Ascend' campaign on Feb 7, offering a new way to finance on-chain activities, stack yields, trade deposits, and earn points
• Users can earn points by depositing wrapped stETH into Lending Towers backed by NFTs, with loan deposits tokenized as Liquid Credit Tokens (LCTs) earning 10-125% yield
• Early invite codes are available, and users can secure more points by inviting friends, providing liquidity on CurveFinance, and participating in additional Lending Towers and LCT trading pools
• On a side note, MetaStreet successfully raised $24M in two separate funding rounds. The investment was led by investors such as @dragonfly_cap, @animocabrands and @Delphi_Digital
Introducing Allora
• @AlloraNetwork is a decentralized AI network that incentivizes machine learning models to evaluate and learn from each other
• Allora enables the creation of crypto apps powered by a decentralized AI infrastructure, offering opportunities for ML model creators to monetize their models
• It combines crowdsourcing, federated learning, and zkML, allowing developers to build a variety of applications, including supply chain optimization, personalized gaming experiences, AI-powered governance, and risk management
• Allora aims to be blockchain-agnostic and sector-agnostic, providing a general-purpose AI network with novel cryptoeconomic incentives for model contribution and optimization
RabbitX x Blast Futures
• @rabbitx_io announces a strategic relationship with Blast Futures Exchange (BFX) @BlastFutures, where Blast Futures will utilize RabbitX's liquidity for its perps DEX
• By providing it's deep orderbook liquidity and UI to Blast Futures traders, RabbitX benefits from multichain access, and positions itself as a liquidity baselayer in DeFi
• Blast Futures will be offering the most-liquid, fastest, sophisticated perps DEX on Blast on day 1
Introducing Cashmere
• @CashmereLabs is a Modular Onchain AMM building a seamless unified cross-chain liquidity layer between EVM and non-EVM ecosystems, facilitating cross chain swaps between @Bitcoin, @solana, @SuiNetwork and @CelestiaOrg
• The omnichain AMM design bifurcated liquidity and AMM calculations into two distinct layers allowing the liquidity to be accessible on chain but the swap output calculations handled by their off chain AMM module
• Calculations handled off chain allows for enhanced income through residual liquidity in lending protocols, superior clearing output bids over current market AMMs, significantly reduced gas fees and effortless integration with both EVM and non-EVM chains. These off chain calculations employ ZK proofs and uses @eigenlayer security layer
Introducing stTIA
• @stride_zone announced the launch of stTIA with 5% of the total $STRD (Stride’s native token) supply to be airdropped to early stTIA holders
• Users will just have to hold stTIA and accumulate allocations for $STRD proportionate to the percentage of total eligible stTIA supply. Fully liquid $STRD can then be claimed 6 months after the day it was allocated
• Eligible users will be those who are holding stTIA in their Stride, Osmosis and Neutron wallets, and also those who deposited stTIA onto the Astroport and Osmosis DEX on Neutron and Osmosis respectively
Misc News
• @RenzoProtocol, in collaboration with @ConnextNetwork are bringing cross-chain restaking to @Arbitrum
• @sudoswap deploys on @base network
• @eigen_da announces compatibility with @arbitrum Orbit, thanks to @alt_layer's fork of Arbitrum Nitro
• @Convergence_fi announced that their dApp is live
• @alt_layer reveals ALT airdrop criteria for TIA stakers
• @shufflecom announced that airdrop has been taken
• @PikeFinance is a lending and borrowing protocol and the team announced that their mainnet is live on @base, @arbitrum, @optimism, @ethereum
• @nftperp has secured a grant from Arbitrum Foundation to accelerate growth in NFTFi
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*