GM Digest #204 — Forge ERC404+ | Hercules | JuiceFi | Tapioca TAP
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Introducing Forge ERC404+
• @FORGE_ERC introduces a newly developed ERC404+ standard that addressed & resolves a significant issue presented in the ERC404 standard
• Forge proposes ERC404+ adding a “_burnedTokenIds” array that keeps track of all IDs from burned (or destroyed) NFTs
• What this means is that, once the total supply limit is reached through minting, the ERC404+ contract design recycles IDs from the “_burnedTokenIds” array and apply those IDs to new NFTs, ensuring that no new ID exceeds the total supply limit
• The github of ERC404+ can be found here: https://github.com/pellier00/erc404plus/
• $FORGE launched about 3 hours ago and is pumping in price. CA on their Twitter page if anyone is interested. NFA — Make sure to DYOR before aping
Hercules: Genesis Pools
• @TheHerculesDEX Camelot fork on Metis has recently launched Genesis Pools program where users can help bootstrap the liquidity in exchange for extra farming incentives (3.5% supply is allocated to Genesis Pools)
• Metis L2 is gearing up with $300m in incentives program and Hercules could be at the forefront of this as it’s positioning to be the Top DEX on Metis
• Not sure if I’m allowed to share this but Hercules has the actual Camelot team supporting & advising them behind the scene i.e. this is not a random fork
• The $TORCH token is set to launch very soon & the way to get WL is via their “Trailblazer Campaign” which is a quest campaign (Unsure whether Genesis Pools participants will receive WL as well)
Introducing Juice Finance
• @Juice_Finance joins the Big Bang Competition on @Blast_L2, aiming to maximize user yields, points, and airdrops
• They're developing a Blast-Native Leveraged Cross-Margin Protocol to allow users to generate leverage for yield farming
• Borrowers can deposit Blast ETH to gain leverage and access $USDB across Blast's ecosystem, while lenders can earn overcollateralized lending yields plus the Blast developer airdrop which the team will distribute to LPs
• Juice plans to launch along Blast mainnet to enable users to maximize rewards from day one
The Yeetard NFTs
• @eatsleepyeet’s Yeetard NFT collection dropping in early or mid-March on Ethereum
• Total supply: 6666, with undisclosed price but offering big discounts based on Discord roles: Mega Yeeted, Yeeted FR, and Yeetling, each with different discounts and minting windows
• NFT utility includes special perks and benefits from various projects such as Beramonium, Boink, Beradoge and Goldilocks. Additionally, there's an extra special something from Yeet, most likely in the form of an airdrop
• Holders of partner NFTs like Honeycomb, Tour de Berance, Beradoge and others will be whitelisted for the second tier ‘Yeeted FR’, while holding any of the Bong Bears or rebases grants you access to tier one ‘Mega Yeeted’
Stride x Hyperlane
• @stride_zone partners with @Hyperlane_xyz to expand $stTIA to the modular ecosystem
• Stride focuses solely on liquid staking, while Hyperlane's focus is on interoperability. Integration of $stTIA with Hyperlane will enable its flow to non-IBC chains in 2 months
• Future vision includes expanding beyond stTIA to achieve "stEverything Everywhere" connectivity
TapiocaDAO TAP Token
• After 1000+ years, @tapioca_dao finally unveiled TAP token. The initial genesis distribution of the token will be 7.63m tokens with 50.3% going to the LBP, 32.7% going to airdrop, and 17% to Supporters
• Token launch will be done via a self-hosted omnichain Balancer LBP & Airdrop will be done with Call Options oTAP mechanics
• This will be American-style call option with 48-hour expiry bearing a discount between 25 - 50% against the market price at the time of distribution which will occur in four phases after the completion of the LBP
• Phase 1: LBP will receive 30% of aoTAP right after the LBP with 50% discount to the LBP price
• Phase 2: Tapioca Guild Members who participated in the original Taptalk live episodes, and obtained Tapioca POAP or Galaxe OAT NFTs will be eligible for option airdrop ranging from 25 - 50% discount with limited aoTAP based on the roles
• Phase 3: Pearl Club NFT, Each PCNFT will be able to claim 714 aoTAP in the third phase, or 4 days after the LBP, with a 50% discount to the market price of TAP at the time of distribution. The PCNFT airdrop does not work off a whitelist or snapshot, and therefore the PCNFT aoTAP allocation is redeemed on demand by PCNFT holders. The reward is additive for those that own multiple Pearls.
• Phase 4: twTAP lockers in the fourth phase will receive a pro-rata share of the total unredeemed aoTAP from the 3 previous phases, 6 days after the LBP. This aoTAP distribution will bear a 33% discount to the market price of TAP at the time of distribution. The twTAP airdrop phase will change from the prior 48 hour epochs to a seven day epoch, and the distribution of the unclaimed aoTAP will occur over four seven day epochs to twTAP lockers.
Misc News
• @ProtocolRing launches Galxe campaign that will reward participants with $RING airdrop
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*