GM Digest #229 — Zero | NIM Network | Padre LBP | Kaito AI | Gearbox PURE on Arbitrum
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Introducing Zero
• @zero_zkevm is a DEX and AMM on Polygon's zkEVM using Uniswap V3 technology with tailored features
• It offers concentrated liquidity pools for optimized rates and minimal slippage, emission rewards for LPs, and revenue sharing with veZERO NFT holders. The protocol leverages ve(3,3) tokenomics
• Further, ZERO utilizes the oToken model for emissions with $oZERO which is a yield-bearing, auto-compounding options token. Additionally, users can earn rewards without manual tasks like voting or locking tokens
• This is how it's done. $oZERO contract auto-compounds, holding a max-locked veNFT position. The vault votes for optimized ROI using an on-chain algorithm. Rewards are claimed, liquidated, used to buy $ZERO, and max-locked again
• $oZERO in theory adds buy pressure to $ZERO without compromising traditional ve(3,3) features. The team also teases upcoming innovations for DEX infrastructure
Introducing NIM Network
• @nim_network is a project combining blockchain and gaming to create crypto-native experiences. It's powered by Dymension with Celestia DA technology, based on EVM, with $NIM as the native token
• Three phases include building infrastructure, evolving applications, and establishing an economic loop to fund more applications and reward community members - the NIM flywheel
• The vision is to merge blockchain tech with gaming fundamentals for innovative experiences. Expect initiatives like the AI Gaming Coalition to enhance communication between games and infrastructure
• Additionally, their tokenomics reveal a 9% genesis rolldrop to the community, which means most likely $DYM stakers, and all of it will be liquid on TGE
Padre LBP
• @PadreApp is an ERC20 trading terminal aiming to simplify on-chain trading while being self-custodial
• Padre allows users to trade on-chain with a CEX like interface available for both mobile and desktop. Using the Padre trading terminal allow users to have access to features such as limit orders and MEV protection. Additionally, the terminal flags scams and honeypots for users to protect them from rugs. There is also a portfolio section where users can monitor their positions which displays the expected payout, PnL, cost, balance and date of the trade, and to also look at transaction history
• Padre is currently only available on ETH but plans to expand multi-chain. Additionally, the team also included account abstraction and the addition of on-chain analysis tools in their roadmap
• The team is currently having a token sale via LBP on @FjordFoundry. Their $PADRE token allows users to have a 50% discount on fees and also entitles holders to an incentive rewards program
Kaito x Bittensor
• @_kaitoai is an AI powered search layer for web3 and is backed by @dragonfly_xyz and @sequoia
• The Kaito AI team announced that they have partnered with @opentensor in their commitment to making search and information access as open, accessible, and decentralized as possible
• Kaito also welcomes any team who wishes to build on top of this open layer
Gearbox Introduces PURE on Arbitrum
• @GearboxProtocol announced that their pure margin trading and LSD strategies are now live on Arbitrum
• The codebase deployed is the same as the battle-tested V3 codebase. It features a long-only mode for assets, but with safe LTVs. PURE is a leverage tool which allow users to go long or short on real spot assets on DEXes like Uniswap, Curve and Balancer. There are no funding rates and counterparties
• The team also announced that they are applying to Arbitrum’s LTIP program
Misc News
• @FungifyNFT’s first ve404 NFT Mint is on Thursday
• @modenetwork Madness campaign with point multipliers is live
• @redactedcartel announced that Pirex ETH is going multichain. Users can now bridge pxETH and apxETH to @arbitrum, @Optimism and @BNBCHAIN
• @tangibleDAO introduced re.al — a permissionless L2 for RWAs built on the Arbitrum Orbit
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*