GM Digest #207 — IntentX | Picasso Superfluid? | Scorefam
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
IntentX Raises $1.8M
• @IntentX_ closed a strategic funding round led by @SeliniCapital, raising $1.8M
• The round includes top market makers like Orbs, Mantle Ecofund, Mirana, Kronos Research, and Manifold Trading
• The involvement of market makers enhances IntentX's solver network, improving user experience
• Additionally, investment from Mantle Ecofund highlights confidence in IntentX's role in the Mantle eco
• IntentX will be the #1 Intent-Perp protocol on Mantle given the hype & backing around it. The trade-to-earn program is still live where 3% of the supply is allocated to rewards traders
Picasso x Raydium
• @Picasso_Network integrates @RaydiumProtocol LP tokens into Picasso’s Restaking Layer on @Solana
• Users will be able to earn swap fees + incentives from Raydium LP while earning additional incentives through Picasso’s Restaking (Similar vibes as Superfluid Restaking on Eigen Layer)
• Do note that Picasso’s Mantis game is still live — Users can deposit SOL or other liquid staking SOL to participate in earning $PICA incentives. The APY is currently 35%
MonoSwap x Mangrove
• On Blast Mainnet, @MangroveDAO users will have the option to rehypothecate their @monoswapio LP positions
• They can achieve this by posting limit orders or amplified orders on the Mangrove orderbook
• By doing so, they potentially unlock five yield sources: Mangrove, Monoswap, and Blast points, as well as Monoswap and Blast yields
Scorefam LBP
• @scorefamsports is launching its Token Generation Event (TGE) and mainnet on @FjordFoundry on Feb 14
• Scorefam is a sports betting platform on Polygon
• $SFT is the platform's utility token, offering access to bonus features, and earning opportunities from staking pools and revenue share
• The TGE will use a Liquidity Bootstrapping Pool (LBP) with 10% of the total supply available
• Once the LBP starts, the community has 3 days to contribute USDT to the pool and receive $SFT tokens
Metastreet Launching as ERC404
• @metastreetxyz is a permissionless interest rate protocol for illiquid, onchain assets, powered by loan tranching and liquid credit tokens
• The team announced that their native token — $MSTR will be transitioning into an ERC404 standard allowing the token to inherit both ERC20 and NFT characteristics unlocking many use cases
• Additionally, any ERC404 can be immediately plugged into MetaStreet allowing $MSTR holders to easily access liquidity via MetaStreet
Misc News
• @Blast_L2 Big Bang competition attracted more than 3000 teams so far
• @ThetanutsFi second week of $ARB rewards from Arbitrum STIP are now available for claiming
• @MagicEden to launch on Ethereum on Feb 27
• @Backpack hints that Backpack Exchange trading volume will be a key factor in determining your Backpack Rank starting Feb 13
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*