GM Digest #225 — GRAIL Up | TPAD Up | Wormhole Up
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
GRAIL is Now Going Back Up
• @CamelotDEX’s $GRAIL has recently hit $2.5k level, a level that we haven’t seen since May 2023
• Camelot continues to strengthen its position of being #1 Native DEX on Arbitrum with $140m TVL (ATH), $1bn weekly volume, and $1.77m weekly fees (Source: Defillama)
• Camelot War is upon us as @Campiexyz_io has already run the #2 GRAIL Rush (The first rush was able to accumulate 6% of GRAIL supply in less than 5 days). More players will be joining the fray pretty soon.
Taopad New Launch Soon
• @TaoPadX has announced that something something new for the launchpad is coming soon
• Quick Recap: All $TPAD owners get access to the presale round available only to Taopad — Owners of 1,000 $TPAD will get access to exclusive seed round that’s FCFS (there are currently only 160+ holders who hold >1,000 $TPAD)
• Taopad will also use 4% tax to buy into every pre-sale (during the launchpad epochs) and distribute those proportionally to $TPAD owners allowing the holders to get (i) IDO allocation (ii) Yields in the form of pre-sale tokens
• @taobnk, the first launch project that launched via Taopad has performed really well — maintaining its pumps
• $TPAD has increased 20%+ off the back of the of the news, recently reaching ATH of $24 ($20m FDV). Bittensor / Tao-related coins performing extremely well in the market, AI narrative still have pretty strong staying power (rec buying dips / buying support level if you can get an entry… NFA DYOR though)
Wormhole Native Token Transfers
• @wormholecrypto Introducing Native Token Transfers (NTT), an open framework for seamlessly taking your token multichain
• Built on the battle-tested Wormhole Messaging protocol, NTT enables token transfers between chains via a simple one-step process, allowing protocols to tap into new ecosystems.
• No need for liquidity pool, transfer tokens across chains without any slippage / fees, integrates with any token contract or standard
MarginFi's Stablecoin
• @marginfi's $YBX is an overcollateralized stablecoin capturing Solana staking yield and MEV tips, backed by $jitoSOL, $mSOL, $bSOL, and $LST
• Offers stable exposure below borrow rates, providing a decentralized alternative to USDC/T
• Development completed, undergoing audits, with mainnet launch expected in mid to late March
• Early access is available by joining the early access group
Ora Protocol's OAO
• @OraProtocol's OAO (Onchain AI Oracle) launches as an onchain ML solution alongside their zkOracle. It's powered by opML, enabling Ethereum-based ML mode
• OAO allows onchain ML inference through smart contracts, using opML for verification. It facilitates AI requests, processing, and challenges
• Deployed contracts enable users to interact with onchain ML models. Use cases include marketplace governance, AI-native apps and design tools. Current support includes LlaMA 2 and Stable Diffusion
• Their future aim is for expanded ML model support and attracting diverse apps
Introducing Bazaar
• @hiBazaar is a decentralized launchpad that supports liquidity bootstrapping pools (LBPs) and prioritizes transparency, fairness, and community involvement
• Bazaar aims to offer competitive fees and incentivize user activity. Curated launches will be community-governed
• It partners with Across Protocol for seamless cross-chain swaps, expanding liquidity. Launches will be available across Ethereum and major Layer 2 ecosystems
• Bazaar plans to announce major launch partners soon and unveil more details about its roadmap and partnerships
Misc News
• @LayerZero_Labs is live on Blast
• @OrbitLending crosses $100M in TVL
Note
• Apologies for the irregular timing and lesser headlines. Have been and will continue to be very busy with Airpuff & Steak Capital for the next 1-2 months
• Thanks for reading as always. Hope you have a great weekend
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*