GM Digest #211 — Blast Szn | Lava Network | Range | NGL Sale | Vertex Edge
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Blast Season Starting Very Soon
• @Blast_L2 exact Mainnet date will be shared next week — ~$1.8bn has already accrued on Blast, once Mainnet opens later this month, there’ll TVL that move out of the chain
• I’d imagine a large part of the TVL will stay due to the hype around 3,000+ projects participating in the Big Bang Competition where many will go live once Mainnet happens. There’ll be a lot of yield on yield on yield opportunities for users to utilize their assets to farm for more rewards
• I’ve shared some thoughts on Top projects in GM Digest #206 but here are some more native projects that I’m closely monitoring — @zaponblast (Blast Launchpad), @FuelOnBlast (Blast Token Launcher/Liquidity Loans),
Lava Network Raise & Points
• @lavanetxyz has raised $15M in a seed round to build a modular data access layer for Web3
• The network offers scalable access to any blockchain through various APIs. Initially available for Ethereum, NEAR, Evmos, Starknet, and Axelar
• Additionally, they announced their points program which enables users to earn points by connecting their wallets to Lava and transacting on-chain through it
• Participants need to swap RPC URLs in their wallets, and then use them as normal to earn points. Referral codes can also be shared to earn additional points
Range on Blast
• @Range_Protocol is joining Blast_L2's Big Bang Competition, offering automated liquidity strategies to projects like ThrusterFi, Tradeonblitz, and MangroveDAO
• They aim to maximize yield across various asset verticals and provide quality liquidity to the Blast ecosystem. Initially, they'll launch Spot AMM and Perpetuals vaults, with more vaults to come
• Users on Range can expect Blast native yield, Range LP yield, Blast Points, partner project rewards, and Range Rewards
• Range will also pass on developer points and gas refunds to users, ensuring the best liquidity through PMMs and partnerships with new Blast token launches
Not Gonna Lie NGL Token Sale
• @Entanglefi’s $NGL Token with $1.5m MC & $45m FDV
• Two separate rounds to purchase $NGL — Webverse Private Round (13 Feb) $1.35m was already raised and concluded from Webverse NFT holders
• Public Round will commence on 20 Feb raising $100k total — Each WL will have $100 allo to invest, the entire round is FCFS. Terms are the same w/ other rounds at 15% unlock during TGE, 1m cliff and 6m daily linear vesting
• This is one of the most undervalued oracle/cross-chain infrastructure projects that you can get your hands on. Super packed w/ partnerships & backers and yes I have about 2 WLs left to giveaway to my readers (FCFS)
• Help Like & Retweet my Twitter GM Digest #211 post and reach out to me on Twitter if you want the WL
Concrete $7.5M Raise
• @ConcreteXYZ appchain secures $7.5m funding for on-chain debt and credit. Led by @Hashed_Official and @TribeCap, with support from @PortalVentures
• Concrete provides automated protection for borrowers to prevent asset liquidation. The protocol aims to address the pain of collateral liquidation in DeFi, offering a modular system to issue credit before liquidation
• Concrete essentially enables users to increase leverage without fear of liquidation, reduces bad debt accumulation, and optimizes interest rates and collateral types across multiple chains
• At launch, it supports Aave, Compound, Silo Finance, and RDNT Capital with more lending protocols to come later
Introducing Vertex Edge
• @poweredbyvertex — Edge, Synchronous Orderbook Liquidity layer that unifies cross-chain liquidity in DeFi
• Edge unlocks a multi-chain future where liquidity among chains is no longer fragmented. Instead, liquidity from supported Edge chains is fused together, aggregated at the Vertex sequencer level and settled locally on-chain to the origin base layer of a cross-chain Vertex instance
• Vertex Edge is the primary cross-chain product, laying the foundation for an alliance of ecosystems injecting their liquidity into a shared, synchronous orderbook liquidity layer across chains
• First two Edge instance are @vertex_protocol (Arbitrum) & @tradeonblitz (Blast). Edge ties in Vertex’s core products across multiple chains — Spot AMM, Perps, Money Market
Misc News
• @Beranames whitelisting is live on testnet. You need to mint a Beraname on testnet in order to be whitelisted for mainnet
• @blastozone enters @Blast_L2’s ‘Big Bang’ competition, currently live on testnet running a Galxe campaign with airdrop rewards
• @Blast_L2 Extends the deadline to submit into Big Bang Competition to Feb 18 at 9AM PST (aka Feb 19 at 1AM HKG)
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*