GM Digest #230 — BlastOff | Init Blast | Underworld BT404 | SHFL LBP | MOREEE
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
BlastOff IDO
• @blastozone is Seedify's upcoming IDO introducing a native Yield-based LaunchPad and Yield Aggregator built on the Blast network
• It offers zero-risk investment through YIDOs, passive income generation, and early access to upcoming projects
• Thanks to Blast's native yield on ETH and $USDB, all users staking with BlastOff can choose to allocate a portion of the generated yield towards YIDO and participate without having to invest their funds directly
• Additionally, BlastOff will feature another product in 'YZone', which is a yield aggregator for the Blast ecosystem, and an interesting loyalty system in 'Blast Force' which rewards active participants with rev share among other perks
• The IDO will take place on Mar 13, with IDO Price at $0.4 per $OFF token and Initial Mcap (excluding liquidity) at $232K
• @SeedifyFund is a Web3 projects incubator and launchpad focusing on gaming, NFTs, AI, DeFi, and metaverse projects
INIT Ultimate Boost
• @InitCapital_ serves as a Liquidity Hook Money Market on Blast, maximizing Blast's native yield. The Liquidity Hook feature enables protocols to integrate with INIT, allowing for various yield and trading strategies for end-users
• INIT users receive Blast Gold, Blast Points, and INIT Points as rewards. INIT distributes 100% of Blast Gold received from Blast directly to its users
• Currently they are in Phase 0 of Blast Ultimate Boost, which runs for 14 days from Mar 6 to Mar 19. This mean Blast Gold rewards are boosted with a starting rate of 2x, increasing by 10% every 7 days
• Furthermore, referring others earns you a 10% bonus of their Blast Gold and INIT Points earned
Underworld BT404
• @udw_gg is a 10,000 NFT collection that is launching on the BT404 protocol
• BT404 combines the unique qualities of ERC20 and ERC721 tokens with those of ERC404 and DN404 protocols
• In addition, BT404 enhances NFT safety, liquidity, and user experience with features like locking and unlocking NFTs, seeding them in a P2P Marketplace, and profit sharing from marketplace fees
• Underworld's Peer-to-Peer (P2P) marketplace is where users can trade UDW NFTs directly from their wallets. Unlocked NFTs automatically contribute to a diverse pool of listings with each transaction incurring a small premium. This premium is shared among participants who have unlocked NFTs
SHFL LBP
• @shufflecom is a Crypto casino allowing users to play popular table games with crypto online
• The team announced that they will be having an LBP in partnership with @hiBazaar to raise liquidity for the full SHFL launch. Bazaar is also partnering with @AcrossProtocol to enable cross-chain swaps. Any users across Eth, Base, Arb, Polygon, zkSync and Optimism will be able to participate in the LBP
• The LBP will begin on March 10 22:00 UTC and will end on March 12 22:00 or when the hardcap is reached, whichever earlier. The hardcap of the sale will be 20000000 USDC with the token price beginning at $1
Mitosis Introduces Expedition
• @MitosisOrg introduced Expedition in collaboration with @ether_fi — a cross-chain expansion in the upcoming modular era
• Mitosis will enable LRTs to be cross-chain with Mitosis’ very own miLRT on Mitosis supported networks. The benefits of miLRT is that users can deposit and withdraw at anytime after 24 hours
• Ether.fi will be the first partnership for the Expedition campaign. eETH holders can deposit into Mitosis and start earning MITO points while also earning EigenLayer and EtherFi points
• Users can participate in the Expedition testnet leading up to mainnet launch beginning March 8 until March 15
WHALES Tokenomics Update
• @WhalesMarket announced that 10% of the team allocation which amounts to 950000 $WHALES will be converted to xWHALES for governance power
• This conversion is to empower core contributors with governance rights allowing them to participate in proposing and making decisions for the long-term success of Whales Market
• Additionally, the DAO wallets intends to re-distribute the revenue share rewards to DAO members who actively participate in governance
HMX on Blast
• @HMXorg announced that they will be venturing into their first cross-chain expansion with Blast and to introduce HLP Surge 2.0
• The team announced that they will be conducting HLP Surge 2.0 to bootstrap initial liquidity. During this period, deposits committed into HLP will earn additional monthly rewards (Surge Points) from Blast on top of the 50% protocol revenue. Once HLP Surge 2.0 ends, they will have a full scale launch on Blast where the leveraged trading feature will go live
• Traders on HMX on both Blast and Arbitrum will earn esHMX from trading on both Blast and Arbitrum through the same mechanics of Trader’s Loyalty Credit (TLC). $esHMX and $PYTH rewards to traders will be shared across the weekly TLC accrured on both blockchains. For $HMX and $esHMX stakers, they are entitled to 35% of the protocol revenue generated on both Arbitrum and Blast
Misc News
• @ivx_fi will be launching options market 'Diem' exclusively on Berachain. Testnet codes sent to @0xHoneyjar holders
• @IntentX_ adds Stop Loss and Take Profit features
• @BananaGunBot is live on Blast. Trading wins you Blast Gold
• @ethena_labs announced their integration with @MantaNetwork and @injective
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*