GM Digest #234 — BTC $71k amongst other things
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
We’re Going Up
• BTC has crossed $71k and ETH crossed $4k after a brief retracement during the weekend
• In term of Alts, gaming sector in particular has seen large gainz over the past 24 hours. Notably, $GALA and $PIXEL
Juice Exploit
• @juicebotapp, Multi-chain TG trading bot was exploited on March 9 and 54 ETH worth of JUICE token was drained and swapped for ETH
• All $JUICE holders that were staking before the exploit shall receive 1:1 $JUICE token airdrop to what they originally staked. 10% bonus airdropp will also be airdropped
• 50% of the team’s multi-sig ETH (44.5 ETH) will be used to buy back $JUICE tokens from Uniswap and burn them over the next 4 weeks
• $JUICE price declined 85%+ when the exploit happened and has recovered with 550% gain from the lowest low over the past 2 days
Shuffle LBP
• @shufflecom is a crypto casino and sports betting platform with 35k users and over 2.8 billion bets since inception
• Shuffle has teamed up with @hiBazaar for their Liquidity Bootstrapping Pool (LBP). Bazaar is a decentralized, chain-agnostic launchpad that collaborates with Across Protocol to enable cross-chain participation
• Shuffle's LBP starts on Mar 10 until Mar 12. The aim is to raise liquidity for the full $SHFL launch
• The LBP will be hard capped at 20,000,000 USDC with up to 5% of the token supply available
• Initial $SHFL token price is $1, following a predetermined curve. Anyone can buy or sell $SHFL tokens in the LBP until the sale ends or the hardcap is reached
• 28% of the SHFL supply will be airdropped to the Shuffle community over time, starting with a 10% initial airdrop
Brewlabs Tokenomics
• @TeamBrewlabs is a DeFi hub on Binance chain offering a suite of products incluiding a DEX, bridge, indexes and investment strategy vaults
• With the new tokenomics all platform fees from Brewlabs protocol are now invested into diverse earning products in DeFi
• Earned rewards are redistributed annually to NFT stakers. $BREWLABS tokens are required to mint and upgrade NFTs to access the revenue share pool
• 75% of Brewlabs NFT mint fees and 5% royalty fees on NFT sales will be added to earning positions
• Each staking season will last 9 months, from Jul 1 to Mar 31. Annually from Apr 1 to Jun 30, earning position rewards will be compounded
• Additionally, Brewlabs Marketplace will launch soon, enabling P2P sales of various tokens, including Brewlabs NFTs
Summon Puff and Dragon Bond
• @puff_drgn announced that users who minted a Genesis Mythic Potion will be able to claim their Soul-Bound NFT along with $PUFF
• Previously, 8886 Genesis potions were supplied with 7048 mETH, of which 5520 was allocated in potions. This meant that approximately 42069 $PUFF tokens will be distributed to every 1 mETH contributed
• Additionally, Mantle L2 wallets with more than 0.01 mETH are also included in the $PUFF airdrop
Opal is Live
• @OpalDeFi is a protocol within the Balancer ecosystem utilizing Omnipools which are liquidity pools where users can deposit a single asset and gain exposure to multiple underlying pools via a single Omnipool LP token. This happens because each Omnipool allocates liquidity to a set of whitelisted Balancer pools
• The protocol is now live and users can begin depositing assets into the Omnipools. During the first epoch, withdrawals are disabled but users are compensated with an additional 42,069 $GEM boost that is distributed to early depositors. Currently, , the GAV and LAV initial parameters were set up manually to rewards proportionally all Omnipools and optimally allocate TVL to the underlying pools
• The native $GEM token is now live and users can start to claim their $GEM from the LBP redeem page
Misc News
• @hyperlockfi vaults for @ThrusterFi ETH/USDB LP are live on @Juice_Finance
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*