GM Digest #199 — Pandora | Kinetix | Arbitrum x EigenDA | Thetanuts STIP
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Pandora & ERC404
• @Pandora_ERC404 introduces the ERC404 token standard, an experimental mix of ERC20 and ERC721 with native liquidity and fractionalization
• ERC404 is using a unique ERC721 implementation involving burning and minting tokens for fractional transfers
• The goal is to create an NFT with native fractionalization, liquidity, and incentives for trading and engagement to farm unique trait sets
• The minting/burning process involves generating NFTs tied to token transactions, allowing for unique rarities and potential arbitrage opportunities
• This brings deep liquidity and fractionalization to NFTs, making them as liquid as the pool they're tied to
• $PANDORA is the first token using ERC404 standard, featuring 10k generative replicants (PFPS)
• Replicants are linked to $PANDORA tokens, and each whole token purchased generates an NFT replicant, with varying rarities. Selling a token burns the associated NFT, and transferring tokens creates a new NFT with new traits and rarities
Kinetix Airdrop
• @KinetixFi is preparing for the $KFI token launch and has detailed the KFI Airdrop, constituting 3% of the total $KFI supply
• The airdrop will take place in three parts. 25% of the airdrop will be allocated to ecosystem peers on the following chains: Cosmos, Osmosis, Injective, Celestia, and Polygon
• 75% distributed to Kinetix DeFi hub users based on merit. The focus will be on volume, trading frequency and amount of KLP staked
• Also there will be a Post-Airdrop Airdrop of unclaimed $KFI to reward long-term holders
• Kinetix is a perps DEX on Kava Chain
Arbitrum x EigenDA
• @eigen_da announced that EigenDA now works with Arbitrum Orbit with @alt_layer's fork of Arbitrum Nitro, allowing Arbitrum Orbit chains to be scaled via EigenDA
• This integration works by updating the Nitro sequencer to post L2 transaction data to EigenDA instead of Ethereum calldata. This allows users to save in fees and increases the ceiling of total throughput by 50x
• This integration is currently live on testnet and users can bridge their Sepolia ETH to try out this new integration
Thetanuts Distribute STIP
• @ThetanutsFi announced that they will be distributing ARB STIP Incentives for the v3 Incentivized Alpha
• Users will begin to receive $ARB rewards for Trading and Liquidity Provisioning activities on the v3 Incentivized Alpha
• The team plans on distributing the 200,000 $ARB equally over a period of 8 weeks, with the final tranche to be distributed by the week of 29 March
Helio Rebrand to Lista
• @lista_dao previously known as Helio has officially rebranded to Lista — $HAY stablecoin rebranded to $lisUSD and $SnBNB to $slisBNB
• Lista has recently launched The Cosmic Adventure Challenge (CAC) where participants can earn up to 2% of $LISTA allocation in Season 1
• Lista (or Helio) is a CDP & Liquid Staking protocol on BNB (and recently on Ethereum). Lista is backed by Binance
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*