GM Digest #203 — Fjord Mayhem | Vector II | Hyperlock | Hourglass
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Fjord Foundry Mayhem
• @FjordFoundry LBPs have been performing poorly for the past 3-4 days
• The recent LBP, @TradeVoodoo was a huge disaster where liquidity was poorly set up after launch (thin liq) and somehow there are insider tokens dumping straight at launch to the thin liquidity pool. The issue wasn’t addressed by the Voodoo team and the price kept tanking down
• Fjord has recently announced that it’ll do better to provide more transparency to participants of LBPs to ensure users have access to more information to make more informed decisions
• Full details of what they’re planning to implement here:
https://twitter.com/FjordFoundry/status/1755776748304654560
• We’re likely going to see a shift to more traditional launch format
Vector Phase 2
• @vectorreserve announced that ‘Phase 2’ of Vector is about to begin, focusing on expanding $vETH utility, increasing real yields for $VEC holders, and adding new income streams
• Expanded utility for $vETH includes integrations with leading DeFi protocols for diverse yield-bearing opportunities
• Real yields for $VEC holders will increase through exposure to Eigen points and LRT rewards, 20% yield from $vETH collateral, and reduced inflationary rewards for $VEC
• The $veVEC initiative will enable voting on liquidity weights for vETH, offering additional real yield through voting incentives
• Timeline includes the launch of the first $vETH lending market next week, treasury management upgrades in the next two weeks, and announcement of an innovative emissions curve by month-end
Introducing Hyperlock
• @hyperlockfi is a yield & meta-governance protocol for the Blast ecosystem on top of Thruster DEX
• It accumulates $veTHRUST tokens to boost liquidity and provide incentives for LPs and protocol bootstrapping
• Hyperlock is a franchise of @AuraFinance and will be deployed on Blast pending DAO approval. As a show of appreciation, $vlAURA holders will receive $HYPER airdrop and share of protocol fees
• Currently they have an invite link to Blast for users to bridge liquidity, earn native yield, and participate in the Hyperlock points drop
Hourglass HFXB is Live
• @hourglasshq’s $HFXB is the first token allowing perpetual exposure to Frax Finance Bonds ($FXB) without lockup
• The token consolidates fragmented $FXB liquidity across different platforms like Curve and Fraxlend
• $HFXB simplifies DeFi interactions by offering a single fungible receipt token and ensures streamlined withdrawals with a built-in liquidity buffer
• Additionally, It can be used as collateral or in liquidity pools, resembling a yield-bearing stablecoin
• $HFXB is already composable, for example, Frax is currently offering Arbitrum STIP rewards to anyone who LPs in their Curve pools. More integrations are expected
Introducing Blueprint
• @blueprintfi_eth introduces a ve(3,3) DEX optimized for high-gas Ethereum, completely eliminating gas-intensive activities
• Users won't need to lock tokens, vote weekly, or claim rewards manually
• Blueprint achieves this with $oBLUE, the Blue emissions token, which is a yield-bearing, options token that automatically compounds rewards and votes for optimized returns
• Users can earn $oBLUE rewards by providing liquidity
Introducing Fraxtal
• @fraxfinance introduced Fraxtal — a blockchain with a “fractal scaling” roadmap & unique blockspace incentives
• Fraxtal’s main execution environment is an EVM rollup that is OP stack equivalent. It the first chain to have blockspace incentives (Flox) which is a block-by-block rewards based on usage of the chain. Accounts & smart contracts that use specific dapps on Fraxtal will be rewarded with $FXTL points which makes Fraxtal a lucrative network to deploy dApps
• The team already announced that they will be launching with key infra providers including @Etherscan, @safe, @chainlink, @axelarnetwork and @LayerZero_Labs
Introducing Merlin Seal
• @MerlinLayer2 announced Merlin Seal staking is live to accumulate allocations for $MERL. Users will have to stake their assets and accumulate M-points
• 20% of $MERL will be distributed as staking rewards on the $MERL chain. Additionally, there will be extra benefits for providing liquidity onto Merlin Swap, the native DEX
• Starting this month, users will be able to stake $BTC, $Bitmap, $ETH, $USDT, $USDC, and some BRC20 and BRC420 assets and claim the M-points daily and will be able to withdraw their assets by April
• Merlin Chain offers a native scaling solution that integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules
Cakepie Updates
• 7 million CAKE accumulated, representing 38% of the veCAKE in the PCS ecosystem (largest accumulator)
• Huge rewards from bribery market with $22k bribes from USDV, $37k bribes from Penpie for the PNP pools, $25k bribes from Overnight Finance
Misc News
• @Beramonium hires tokenomics advisor despite having no token
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*