GM Digest #212 — Trestle x MilkyWay | Integral's Fenix | Facet NFTs | stTAO | HungryBera
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Trestle x MilkyWay
• @trestleprotocol announced partnership with @milky_way_zone
• Leveraging their LSD platform, Trestle is now able to earn TIA staking rewards with bridged $TIA, while remaining liquid through $milkTIA
• Trestle aims to build more Defi use cases of wTIA in Ethereum by partnering & integrating with Defi protocols, acts as Incubator & Launchpad for TIA-related projects with raises done only with $wTIA as the deposit asset, and Trestle Chain with wTIA as the gas token. All of these (Bridge, Incubator/Launchpad) generated more revenue for $TRESTLE stakers
• Thoughts: Great $TIA beta play if you don’t have exposure on $TIA yet. The PA has recovered from its recent low but it has yet to properly pump — 2x away from the TGE launch high
Integral’s Fenix
• @fenixfinance integrated @CryptoAlgebra’s Integral v4 Modular DEX Architecture on Blast
• Integral is an AMM with concentrated liquidity, splitting the monolithic DEX setup into two components — an immutable Core Codebase & Plugins. This is called ‘Modular Architecture’, where V4 Plugins serve as modules that can be changed if needed.
• Fenix provides a complete liquidity pool deployment package through concentrated liquidity (CL), UNIV4-style, UNIV2-style and Solidly stable-swap pools. These pools are powered by a dynamic fee module that optimizes capital efficiency, price execution, and fee generation
• Thoughts: Considering that Blast is positioning itself for yield on yield chain, Fenix will be a DEX to look out for given the ability for LPers to earn more from their $. Uniswap v4 catalyst / narrative could propel this hard
Facet NFTs
• @0xFacet introduces NFTs with lower costs and uncensorable permanence, secured by Ethereum through ethscriptions instead of smart contracts, making them up to 100x cheaper to mint
• Ethscriptions enable flexible commands for NFT management, supporting collections with metadata and non-custodial marketplaces
• Additionally, Facet NFTs allow minting and trading in a single transaction without wrapping ETH further decreasing costs
Introducing stTAO
• @TensorplexLabs introduced stTAO, a reward bearing $TAO LST. The underlying TAO will be staked to validators operated by contributors of Bittensor
• v1 of stTAO will be using Taobridge to bridge users’ wTAO between Ethereum and Bittensor Finney Network. Users will be able to trade stTAO on Uniswap when there is sufficient liquidity
• Users will soon be able to participate in the guarded launch with a 2500 TAO deposit cap
Filecoin x Solana
• @solana will be integrating with @Filecoin to decentralize their storage solutions
• Solana will be utilizing Filecoin to make its block history more accessible and usable for infrastructure providers, explorers, indexers, and anyone needing historical access
• By leveraging Filecoin's decentralized storage capabilities, Solana can achieve data redundancy, scalability, and enhanced security while being decentralized
Ramen Finance HungryBera Priority Mint
• 2 more days left towards @ramen_finance’s Priority Mint (21 Feb 2pm UTC)
• Honey Comb NFT = 1 entry per NFT | Baka Bears = 2 entries per NFT | Bong Bears & rebases = 6 entries per NFT. Entries stack if you own multiple ecosystem NFTs. There are 1,500 winning spots for 16,646 pool entries currently - each entry has 9% chance of winning
• Ramen Finance is building (3,3) Ecosystem Launchpad. The (3,3) doesn’t mean OHM or Solidly-style ponzinomics but means “Users who are demonstrating deep involvement and strong alignment in contributing to the liquidity and governance of Berachain will be rewarded with a boosted rate of earning allocation to upcoming launches” — Simply put, participate more = earn more allocations
Misc News
• @Curvance officially joines @Blast_L2's Big Bang Competition
• @yugalabs announced that they have acquired @PROOF_XYZ
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*