GM Digest #218 — Big Bang Competition Winners | Uni Fee Switch | Euler Relaunch
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Big Bang Competition Winners
• @Blast_L2 Big Bang Competition has wrapped up and 47 winners were chosen. Non-winners will still be eligible for rewards in May if they persist and continue to build on Blast
• Highlighting a few winners in each category — @thrusterfi (Spot DEX), @tradeonblitz (Perp DEX), @BlastFutures (Perp DEX), @metastreetxyz (Lending), @Juice_Finance (Leverage), @Particle_trade (Leverage Trading), @OrbitLending (Lending), @BaselineMarkets (Liquidity Engine), @TornadoBlastBot (Blast Trading Bot), @zaponblast (Launchpad)
• Full list can be found HERE
• Monitor your fav winners cuz next week will be Blast mainnet — Blast szn full steam ahead
Introducing Nillion
• @nillionnetwork is addressing the critical need for data privacy in the era of AI by introducing blind computation, ensuring personal data remains private while still being usable for personalized AI
• Without private data processing, personalized AI won't reach mass adoption due to privacy concerns and the risk of data breaches
• Nillion's blind computation technology ensures data privacy by masking information, preventing nodes from seeing the data they compute. This approach not only facilitates personalized AI but also opens doors to various industries that require secure data processing
• They don’t have a token yet, but the team said they will reveal more info about it in the upcoming weeks
Dopex Rebrand
• @dopex_io evolves to Stryke. This shift aims to streamline operations, enhance user value, and concentrate on delivering top-tier options trading
• As part of this transition, some Dopex products are being phased out, while the new $SYK token is introduced with a simplified token model and unified governance through $xSYK, inspired by Camelot
• Holders of $DPX and $RDPX will be able to convert to $SYK, with the conversion rate at 1 $DPX for 100 $SYK, and 1 $RDPX for 13.333 $SYK
• The new token will have a total supply of 100 million, with approximately 47.8 million circulating at the time of the merge
• Additionally, Stryke will adopt a LPDfi-centric approach, focusing on Liquidity Providing Derivatives, and will introduce gauges for reward distribution
UNI Fee Sharing Proposal
• @UniswapFND announced their governance proposal to include a fee mechanism to reward $UNI token holders who have delegated and staked their tokens
• The team aims to hold a Snapshot vote for this proposal on March 1 and an on-chain vote will be posted on March 8
• The price of the $UNI token has risen by 67% in the past 24 hours — This will likely translate to valuation adjustments for major DEXes across different ecosystem which could lead to higher valuation across other defi protocols as well
Euler Relaunch
• @eulerfinance announced that they are relaunching and they have unveiled their whitepaper detailing Euler v2
• Euler v2 is a modular lending platform providing endless customization alongside seamless liquidity interconnection. With its EVC, different lending markets are connected combined with a collateral swapping capability to create a liquidity layer across markets
• Eulder v2 offers total freedom for users to customize their lending markets, absolute vault customization, tailored risk for individuals, fee customization and profit sharing
Misc News
• @AlloraNetwork announces partnership with @metastreetxyz
• @VirtuSwap expands to Arbitrum
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*