GM Digest #223 — BounceBit | Octav | Karak XP
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Introducing BounceBit
• @bounce_bit raises $6M in seed funding to develop Bitcoin restaking infrastructure
• Funding led by @blockchaincap & @BreyerCap with multiple other investors like @cmsholdings, @BanklessVC, @OKX_Ventures and @NGC_Ventures involved
• BounceBit offers BTC restaking through its SSC solution, combining PoS and EVM compatibility
• The protocol prioritizes security via a transparent CeFi foundation, and it focuses on $BTCB on BNB Chain
• Another important part of the BounceBit ecosystem is BounceClub, a platform allowing users to create personalized DeFi spaces without coding. Users can select smart contracts from the BounceBit App Store to customize their BounceClub, while developers can list their smart contracts on it
• Testnet launch is on Mar 8, with Mainnet scheduled to launch sometime in April
Octav Funding Round
• @OctavFi, a data analytics platform that helps decipher DeFi activity, receives $4M in funding led by a high net worth crypto investor
• Octav uses machine learning to interpret on-chain data accurately. Additionally, the platform lets users collectively label data for improved accuracy
• The platform already serve clients like @gelatonetwork, @AlchemixFi, @hoprnet and @Timeless_Fi
• They have no token as of yet and they have plans on releasing one, but it not something that will take place in the immediate future
Karak XP
• @Karak_Network offers modular security for apps without compromising safety. It introduces secure staking and restaking options and enables AI integration for enhanced privacy and censorship resistance
• Karak is currently running an XP Early Access Program that offers Bonus XP for bridging assets and referring others. Bonus XP ends on Mar 4
• Additional ways to earn XP include using Karak protocols and participating in Discord. Bridging out during Bonus XP week forfeits XP
Mavia on Base
• @MaviaGame announced that they have chosen @base as their L2 to scale the Mavia ecosystem
• The team chose Mavia due to Base’s fast transactions and low costs (which can be scaled even further with EIP-4844). Additionally, Base provides extensive infrastructure integrations, ensuring safe and reliable onboarding for Mavia users including dependable fiat on/off ramps
Misc News
• Crypto ETF issuer @21shares_us integrates with @chainlink
• @FungifyNFT TGF sells out in minutes raising $3M
• @UnibotOnBlast announced that Unibot will be launched on Blast and revenue will be distributed to $UNIBOT holders
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*