GM Digest #224 — Ondo Global Markets | Ambient | World Engine | SYMMIO
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Ondo Global Markets
• @OndoFinance Global Markets (Ondo GM) aims to address liquidity challenges in tokenizing real-world assets and bridge the gap between public blockchains and traditional financial systems
• It treats blockchain tokens as a messaging system for regulated broker-dealers to accept trade and settlement instructions
• Examples include purchasing stocks like Tesla (TSLA) via smart contracts, with tokens representing ownership rights
• Offers compatibility with smart contracts, 24/7 settlement, and access to public securities and traditional liquidity venues
• Additionally, Ondo GM enables novel use cases like prime brokerage and tokenized funds
Ambient Points
• @ambient_finance Points launched with the Blast mainnet launch. Available on Ethereum Mainnet, Blast, Scroll, & Canto
• Points rewarded weekly, with retroactive awards for all those who have contributed so far to be distributed throughout Season 1
• No referrals, off-chain actions don't count, past activity is taken into account, no cap on points, calculation method undisclosed to prevent gaming of the system
Introducing World Engine
• @WorldEngineGG is a Gamechain SDK using sharded rollup architecture, enabling onchain games with high scalability
• Open source now, developers can start building in under 15 minutes with the Quickstart guide
• Utilizes Polaris EVM for the base shard
• Argus Labs will soon announce a builders program for technical, funding, and network support
Introducing SYMMIO
• @symm_io is a global derivatives settlement layer which uses a modular, intent-centric design enabling builders and market makers to issue on-chain derivatives with deep liquidity
• SYMMIO’s quotations are optimised at pre-market and do not require locked capital and its execution layer is intent based while being bilaterally isolated making them secure
• SYMMIO creates a free market where environment where market makers, solvers, oracles, intent providers and DEXes compete and work together to create a global risk settlement layer
• This design allows SYMMIO to have more potential for collaborations and partnership, allowing teams to build on top of them
Introducing Ignition
• @ionet_official announced the launch of Ignition, an incentive program aiming to accelerate GPU network growth and build the io.net community
• Users can participate in quests powered by @galxe from March 1 till April 28
ORBIT Token Live on Blast
• @OrbitLending announced that Orbit’s borrowing and lending as well as the $ORBIT token is now live on @Blast_L2
• Users who lend/borrow @Blast_L2 will earn APY, $ORBIT and Blast Gold. Users will then have the option to either sell their rewards or stake their rewards to get a higher weight in Blast distribution allocation
• Their contracts have been audited by @code4rena and @xuwinniexu
Thruster Live on Blast
• @ThrusterFi is a DEX and have announced that they are live on @Blast_L2 mainnet
• Testnet users, Blast bridgers and NFT holders of certain collections can now claim free Thruster Points. Additionally, the DEX is currently live with 0 fees
• Over the next 2 weeks, Thruster will be distributing boosted credits for early participants which includes LPs and swaps. Additionally, Thruster Treasure & our Points Distribution will be live once the team has collected enough yield & and on-chain information to kickstart these products
Misc News
• Robinhood Wallet partners with @arbitrum
• @GMX_IO launches 3 new perpetual & spot markets for $ATOM, $NEAR and $AAVE
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*