GM Digest #231 — Napier Pendle | Injective EVM | Aurelius Conquest
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Napier Llama Race
• @NapierFinance brings yield trading to the Curve ecosystem. Think Pendle
• The protocol has two main parts: the Napier Minting System and Napier AMM. The Minting System converts yield-bearing tokens into fixed-income equivalents. The AMM facilitates trading and liquidity provision for these tokens
• They just announced 'The Llama Race' which is a point-earning competition taking place before Napier Finance's mainnet launch. It starts on Mar 17 and lasts for a week
• Users will be able to earn Napier points for participating, exchangeable for $NPR tokens at TGE date. Early Napier and Curve community members get a head start by receiving upfront Napier points
• Additionally, collaboration and achieving community milestones increases $NPR token distribution
Injective EVM
• @injective launches inEVM, the first Ethereum-aligned rollup for concurrent VM development
• The architecture of inEVM includes WASM, inEVM, and inSVM, providing a concurrent VM ecosystem secured by Injective
• Collaboration with infrastructure projects like Caldera, messaging layers like Hyperlane, and Celestia for Data Availability
• It enables true composability across Cosmos and Solana, allowing developers to work across different VM layers simultaneously
• Projects like @TimeswapLabs and @ThetanutsFi are already deploying on inEVM
Aurelius Conquest
• @AureliusFi, a money market on Mantle, introduces a points program called Aurelius' Conquest
• Users can earn Salt (points) to secure their rank. Before the launch of $AU token, users have 90 days to earn Salt by performing various actions like referring friends and engaging in DeFi operations
• Aurelius' Conquest will be a flat distribution, meaning every user gets the same amount of Salt daily per 100$
• Borrowing: Earn 8 Salt for every $100 borrowed each day. Lending: Receive 2 Salt for every $100 lent daily
• Referrals: Get 20% of the Salt your referred friend earns from lending, borrowing, or depositing
peaq x Fetch AI
• @peaqnetwork announced that have joined the @Fetch_ai Foundation — a $100m foundation founded by Fetch & Bosch, and will be focusing on AI + DePIN
• peaq is bringing a DePIN-focused layer-1 blockchain to collaborate with Fetch’s DePIN ready AI Agrents and Bosch being the world’s largest sensor manufacturer
• The collaboration aims to unlock new use cases and synergies across a range of industries, from smart mobility and energy management to Web access and data crowdsourcing
Arkadiko 2.0 Testnet
• @ArkadikoFinance announced the launch of Arkadiko 2.0 on Stacks testnet
• Arkadiko 2.0 features:
⇢ Redemptions: a way for users to redeem 1 USDA for $1 of collateral at all times
⇢ stSTX as main collateral type
⇢ Simplified vault system where there is only 1 vault per collateral per address. Addresses with multiple vaults open will have them automatically merged into one
Misc News
• @GearboxProtocol announces leverage on $USDe and $sUSDe soon. User will be able to earn 90x @ethena_labs shards
• @LayerZero_Labs is live on @injective inEVM
• @StargateFinance removes bridging limits to @Aptos
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*