GM Digest #209 — MilkyWay Airdrop | Prisma ULTRA | Unstable Leverage | STRK Airdrop
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
MilkyWay Airdrop
• @milky_way_zone is introducing mPoints, a new rewards program that will culminate in a MassDrop event
• mPoints are earned by holding $milkTIA or engaging in DeFi activities. 1 $milkTIA held equals 1 mPoint daily, while $milkTIA in DeFi activities earns 1.2 mPoints daily. mPoints can be tracked through a leaderboard
• The mPoints system will evolve, with upcoming enhancements including social media activities, rewards for early adopters, referrals, and booster campaigns
New Prisma Stablecoin
• $ULTRA is a stablecoin introduced by @PrismaFi, designed to unlock liquidity for Liquid Restaking Tokens (LRTs) like $weETH from @ether_fi
• PrismaLRT is a new borrowing protocol that allows users to borrow against their LRT holdings while still earning rewards and points on top
• Governed by the PRISMA DAO, PrismaLRT aims to expand collateral options and market possibilities within the LRT ecosystem
Unstable Leverage
• @Unstable_money will offer a leverage platform for staked ETH, enabling users to gain leverage against their staked assets while still earning yield
• It functions similarly to MakerDAO but focuses solely on staked ETH as collateral
• Pricing of staked ETH is done through a zkOracle system, allowing direct valuation without disrupting yield generation or network security
• Unstable team has been building in stealth for the past months — these guys are the same team as unshETH team
STRK Airdrop
• @StarknetFndn introduced the first round of the Starknet Provisions Program distributing STRK tokens to the community
• During this round, 700m STRK tokens will be distributed to 1.3m addresses. Users will be able to claim their tokens starting from 12pm UTC February 20 till June 20
• STRK will be used for transaction fees on the network, governance and staking
• You can check your eligibility for the airdrop HERE (No need to sign anything at all)
Introducing CoW AMM
• @CoWSwap introduced CoW AMM, the first MEV-capturing AMM
• CoW AMM uses a Function-Maximizing AMM (FM-AMM) design that uses batch auctions to capture surplus for protected liquidity pools. The solver that gives the highest surplus wins the right to rebalance a pool – thereby capturing “Loss Versus Rebalancing” for the pool
• CoW AMM allows LPs’ profits to be protected via their protected pools and batch auctions rather than allowing arbitrageurs exploit LPs
Misc News
• @metastreetxyz launches the Ascend airdrop campaign
• @Juice_Finance announces integration with @realpumpitcoin
• @beraplug $PLUG airdropped to Bong bear, and honeycomb holders
• @redstone_defi will support @Blast_L2 from day 1
• @GyroStable E-CLPs for @GHOAave are now live with $BAL rewards
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*