GM Digest #210 — Campie & Radpie Rush | Baseline on Blast | Moby Staking
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Campie’s STIP GRAIL Rush & Radpie’s dLP Rush #2 Are Live
• @Campiexyz_io finally launches the first STIP GRAIL Rush program — Users can covert their $GRAIL to $mGRAIL to earn xGRAIL rewards with ARB rewards on top (earn a share of 70k ARB)
• mGRAIL holders will also earn 45% of the upcoming $CMP IDO allocation. The first 500 GRAIL conversions will receive 10% bonus in mGRAIL
• Note that the distribution of mGRAIL will be late February and will be distributed at 1:1 based on your GRAIL converted. The ARB rewards will be distributed right away
• @Radpiexyz_io dLP Rush #2 is also live — Users can convert their dLP to mdLP to earn a share of 60k ARB rewards
Introducing Baseline
• @BaselineMarkets introduces an automated tokenomics engine for ERC20 tokens on @BLAST_L2 via @ThrusterFi, ensuring persistent on-chain liquidity and non-liquidatable leverage
• It addresses issues like unpredictable liquidity and unclear token vesting schedules by offering Baseline Value (BLV), deterministic market making, and native credit features
• Holders can borrow against their BLV without risk of liquidation, benefiting from capital efficiency and a level playing field for all participants
• The system will be demonstrated through the @YESMONEY420 $YES case study and native token for Baseline Protocol
• Think Gamma/Arrakis Liquidity Manager + Timeswap Fixed-Maturity Loan on Blast
Hook's Odyssey Live
• @HookProtocol's (Quiz-to-earn) Odyssey First Access is now live, offering the fastest NFT-focused derivatives DEX deployed on Hook Chain, an Arbitrum Orbit chain
• To trade on Odyssey, you need an Odyssey First Access Pass, initially airdropped to past Hook users. More groups will gain access gradually. If you want to get in sooner, your best bet is to join their TG group and ask for it
• Odyssey provides gas-free trading, fast UX, and the ability to trade NFTs with positions as small as 0.01. The inital two markets are Punks and Miladies
• Additionally, you earn rewards through Odyssey's Treasure Hunt points program
NFT Perp Concentrated Liquidity for NFT
• @nftperp introduces Concentrated Liquidity for NFTs — v2 offers a brand new way to earn yield on ETH - where your price predictions for different NFTs affect how much yield you earn
• Similar to Univ3 LP, users are able to set the liquidity range however they want, narrow ranges earn more fees from concentrated liquidity (bear in mind out-of-range liquidity tick don’t earn fees just like v3)
Fungify P2T Farming
• @FungifyNFT introduces P2T (point-to-token) Farming, rewarding users for supplying and borrowing assets with Cap Points convertible to $FUNG tokens
• Cap Points are earned based on interest rates and boosted by borrowing activity, asset size, and holding duration. A surprise Weekly Bonus feature can be used to further boost your earnings
• The program launches on Feb 15, with bonuses for new assets like Sappy Seals and Honey Jar Honeycombs. A separate PvP leaderboard for NFT deposits will also be introduced
• Fungify is a non-custodial NFT index and algorithmic lending protocol, allowing for instant NFT sales, immediate NFT-backed loans, and a yield-bearing NFT index token.
Moby Introduces Staking v1.0
• @MobyHQ announced the launch of $MOBY Staking v1.0
• Users will be able to stake their $MOBY and receive 50% of their platform fees. These fees will be allocated differently based on the amount of $MOBY tokens held. Holding a higher amount of tokens would reward users with a higher percentage of fees. Additionally, the team will also be using an exponential weighting model for fairer reward distribution
• Users will be able to begin staking their $MOBY at 2pm UTC February 16 — $MOBY has already pumped 2x from 3 days ago
TRON Announces Bitcoin Layer 2
• @justinsuntron announced Tron’s Bitcoin Layer 2 solution which aims to decentralize and intertwine tokens within the TRON network including stablecoins with the Bitcoin network and its Layer 2s
• Justin Sun laid out the roadmap that is split into 3 stages. The first stage would be to integrate TRON tokens into the Bitcoin network via cross-chain technology allowing TRON's tokens to interact and interoperate with the Bitcoin network seamlessly. TRON DAO will also invest in wallet and tools to support BRC-20 tokens
• The second stage includes collaborations with multiple Bitcoin L2 protocols with gradual partnership announcements. These collaborations would allow TRON users to participate in restaking initiatives across Bitcoin L2 networks
• The final stage of the roadmap is the Layer 2 solution that integrates TRON, BTTC and the Bitcoin network
Misc News
• @symm_io announces a strategic partnership with @orbs_network
• @UmamiDao announces GM vault integration with @TimeswapLabs
• @SmileeFinance receives an Arbitrum grant from @Arbitrum Foundation. Mainnet coming soon
• @Arcade_xyz announces PVP airdrop where holders of specified collections (Pudgy, Lil Pudgy, Sappy Seals, Nodemonkes, etc) enters for a chance to win 3% of ARCD Supply
• @Vaultkaofficial New KLP Leverage for @KTX_finance
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*