GM Digest #202 — Pyth Airdrop | Lyra V2 | Wormhole Airdrop | Root LBP
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Pyth Airdrop 2
• The second phase of the @PythNetwork Retrospective Airdrop launches today, targeting over 160 dApps using Pyth Data
• There is a list of all the dApps that are eligible to receive $PYTH Tokens as part of the airdrop program
• The first phase of the airdrop covered over 90,000 wallets across 27 blockchains, with more than 51,000 users claiming over 163 million $PYTH Tokens
• This second phase focuses on distributing tokens to various DeFi protocols, like DEXs, lending and stablecoin protocols. The teams will decide how to make use of their airdrop allocations
Thruster x MetaStreet
• @ThrusterFi has announced that @metastreetxyz will be joining @Blast_L2, and the two protocols will collaborate
• This presents a triple airdrop farming opportunity for lenders holding MetaStreet's yield-bearing tokens (LCTs)
• Holders will be able to bridge to Blast, pair with Blast ETH, and LP on Thruster. This allows them to earn yield, as well as additional rewards from Blast, MetaStreet, and Thruster
Lyra V2 Rewards
• @lyrafinance announced that they will be distributing 150,000,000 LYRA as trading incentives
• These rewards will be distributed based on volume and fees and will be distributed on the Lyra chain. Users can earn rewards via trading options, perps and when they generate fees
• Additionally, there are allocations for trading competitions, referral programs and retroactive airdrops
Wormhole Airdrop
• @wormholecrypto announced the tokenomics for their token — $W and has confirmed an airdrop to users
• The total supply of $W is 10,000,000,000 and 17% of the total supply is to be airdropped to users. Of the 17%, 11% will be unlocked upon TGE
• $W will be used to govern the Wormhole DAO and will be responsible for adding/removing blockchain connections to Wormhole, upgrading smart contracts across Wormhole, adjusting fees across various Wormhole products, adding parties to the Guardian set, adjusting rate limits and to decide on token utility and design
Root Protocol LBP
• @0xRootLabs (formerly NFT3) is an operating system with the composition of an intent-centric aggregator of digital identity, virtual accounts and social graphs to enable unified access to Web3
• They are currently having an LBP on Fjord Foundry for 10% of their total token supply
Chronos Migration to Fenix
• @ChronosFi_ announced their migration details to transition into the launch of Fenix — a DEX featuring UniV3 and UniV4 Modular Hook AMM engines, 0 inflation rebasing, new veLocking system etc.
• CHR, veCHR and chrNFTs will convert to veFNX that will be locked for 6 months allowing users to vote on Fenix gauges to earn 100% of bribes and swap fee revenue
• The snapshot for the conversion was taken on December 5 2023 and anyone holding at least $10 of CHR and veCHR can qualify for the conversion
Misc News
• @synonymfinance mainnet is live. $NEWO holders can now convert to $tSYNO
• @NibiruChain Gamified Engagement Airdrop is live until Feb 28
• @inscribe_app announced Inscribe Launchpad in partnership with @FjordFoundry
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*