GM Digest #226 — Taiko Series A | More Blast Projects
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Taiko Series A Round
• @taikoxyz announced Series A round of $15m from Lightspeed Faction, Wintermute Ventures, GSR and others ahead of Mainnet Launch. Taiko has already raised $37m across three rounds.
• Taiko is building the world’s first Ethereum-equivalent (Type 1 zkEVM) & based ZK rollup in order to scale Ethereum in a manner that emulates it as closely as possible
• Taiko offers the smooth UX of optimistic rollups with the added security of ZK proofs with much faster finality. Given Taiko is a Type 1 zkEVM, all existing Ethereum tooling will work out-of-the-box and any additional audits or code changes become redundant — meaning less overhead for builders.
Introducing Orbit
• @OrbitLending is a money market on Blast that uses native yield for better lending/borrowing experiences
• Lenders supply assets for a set period, receiving Orbit Assets (oAssets) representing principal + yield. Borrowers use assets as collateral to borrow. Yield from assets is converted to Orbit tokens, distributed to users
• Orbit plans to gradually phase out token distribution from native yield and transition to protocol fees over 4 years
• Instead of adding tax fees on token transfers, Orbit introduces gas-expensive operations, redistributing gas revenue to incur a tax on the Orbit token speculation without affecting transfer amounts
Brahma on Blast
• @BrahmaFi launches the 'Multiply' campaign on Blast where users can earn multiple rewards while utilizing Brahma's Console
• Users can use Console to interact with dapps on Blast and earn Blast Gold, Blast Points and potentially airdrops from the protocols themselves
• Though Console you can interact with @Juice_Finance, @ProtocolRing and @OrbitLending
ZeroLend Live on Blast
• @zerolendxyz is a lending market and has announced that they are live on @Blast_L2
• On launch, ZeroLend will include APRs on USDB up to 4000% APR and up to 450% APR on ETH
• This yield would include the Blast native yield, Blast Gold points and the native lending/borrowing yield
SynFutures V3 on Blast
• @SynFuturesDefi is a decentralised perp DEX live on @Blast_L2
• The team announced that users will now be able to earn triple rewards including Blast Points, Blast Gold and O_O points
• During the O_O campaign, users can participate in activities to earn points. Additionally, the team will be airdropping O_O points to Blast, dYdX, GMX users, and Pudgy Penguins holders
Misc News
• @TeamUnibot is live on Blast
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*