GM Digest #217 — Zircuit L2 Staking | Mitosis | StarkWare Tokenomics | Hedgehog
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Zircuit Staking
• @ZircuitL2 EVM-compatible zk Rollup backed by Pantera & Dragonfly recently released Zircuit Staking
• Users can deposit ETH, LST, LRT to earn Zircuit Points on Zircuit. When the Zircuit Mainnet goes live, users will have the option to either migrate their staked assets to Mainnet or withdraw
Introducing Mitosis
• @MitosisOrg is a new liquidity protocol aiming to enhance cross-chain transactions in the multi-chain DeFi landscape
• Mitosis makes cross-chain liquidity more attractive by providing derivative tokens to liquidity providers (LPs), enabling additional yield opportunities
• The protocol promotes permissionless chain integration for versatile connectivity, unlike current permissioned setups
• Upcoming milestones include a closed testnet, upcoming cross-chain campaigns, public testnet, and mainnet launch
StarkWare Tokenomics Update
• @StarkWareLtd is adjusting the lockup schedule for early contributors and investors after community backlash
• Initially, 1.3 billion tokens were set to unlock on April 15, but this has been reduced to 64 million tokens
• The unlocking will now happen gradually, with 64 million tokens released monthly until March 2025, then 127 million monthly until March 2027
• This change means fewer tokens will be unlocked in the short term, with the majority unlocked by the end of 2026
Mozaic NFT Collection
• @Mozaic_Fi is launching HOPLITE NFTs sale on Sunday, Feb 25 @ ~8pm UTC / 3pm EST on @sudoswap
• The mint will be in the form of a gradual Dutch auction and it will take place on @arbitrum
• The funds from the auction will go into providing liquidity in the Hoplite/ETH pool on SudoSwap, and into the Theseus Vault on Mozaic. The yield from the vault will be distributed to holders
• Future perks of holding a Hoplite NFT include gated community access, collateralized loans, merch token airdrop, NFT yield, and vault fee discounts
Hedgehog Introduces Modular Synthetic Blockspace
• @TheHedgehog_io introduced Modular Synthetic Blockspace, a cash settled approach simplifying gas hedging inspired by an adaptable Liquity CDP model with dynamic fees
• Synthetic Blockspace allows users to speculate on congestion events and allows developers to maintain predictable-enough operational costs. However, it cannot be guaranteed as it is synthetic
• Modular Synthetic Blockspace is an innovative beginning for constant challenges of gas pricing and blockspace management. It has unlimited potential for customization and innovation allowing for the creation of various financial products and services tailored to the specific needs and conditions of different markets
Misc News
• @Curvance receives a grant from @WormholeFdn
• @ivx_fi will soon enable options trading with @redactedcartel’s $apxETH as collateral
• @ResonateFi is gearing up to partner with @pendle_fi to allow upfront yields on PT of LRTs e.g. PT-rsETH, allowing users to take 25% yields upfront
• @TheHerculesDEX, Camelot friendly fork (support by the actual Camelot team) on Metis has integrated with @CryptoAlgebra v1.9 codebase, allowing CLAMM architecture
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*