GM Digest #235 — Kodiak x Infrared | Chainflip | BioTensor
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Kodiak x Infrared
• @KodiakFi collaborates with @InfraredFinance for two main purposes: Treasury Flywheel and Community Flywheel
• Treasury Flywheel: Kodiak boosts $BGT reward weights on specific Islands using protocol-owned liquidity. Infrared manages liquidity provision for Kodiak's Islands, compounding rewards into the Kodiak Treasury
• Community Flywheel: Users can deposit LP tokens into Infrared vaults, earning rewards in $iBGT, $IRED, $Kodiak emissions, and LP fees. Infrared handles liquidity provision for users on Kodiak
• In case you are not familiar with Infrared and Berachain tokenomics: $BGT is non-transferable but earned by interacting with whitelisted DApps. Delegating $BGT to validators yields rewards
• Infrared offers $iBGT, a liquid and yield-bearing version of $BGT. Users deposit PoL assets to earn $iBGT, which mirrors $BGT's value and offers boosted staking yields
Chainflip Full Release
• Users can now swap assets without any caps on @Chainflip and partner platforms
• Also, the $FLIP Burn mechanism is activated. A 0.1% fee from each swap will buy and burn $FLIP tokens, increasing as protocol volume grows
• Upcoming Features include: Improving swapping rates, introducing a detailed broker dashboard, and integrating new assets and chains like USDT, Solana, and Arbitrum
VirtuSwap's Minerva
• Minerva is developed by @VirtuSwap since 2022, and it's an AI-driven liquidity optimization agent
• It consists of predictive and rewards optimization modules for efficient trade forecasts and rewards distribution
• Minerva utilizes an AI-based algorithm to distribute protocol rewards optimally across liquidity pools and forecasts upcoming trade distributions weekly based on past blockchain activity
• Simulations show LP returns on VirtuSwap could increase up to five times compared to standard DEXes
Introducing Tsunami
• @y2kfinance introduced Y2K V3 — Tsunami which introduces a Novel Settlement Infrastructure for Financial Instruments
• Tsunami will be supporting binary options, allowing traders to access hedging and speculation without the limitations in V1 and V2 Earthquake. The initial iteration of binary options launch will be followed by a multi asset synthetic derivative product and DeFi native lookback options that are supported by counterparty pools and Tsunami infrastructure. Additionally, the aggregated pool of LP liquidity will be accessible 24/7 to match with orders from traders. This unlocks the potential for larger trades to be opened at any time and synthetic assets such as sDAI can be used as collateral
• For LPs, there will be higher liquidity utilization allowing for increased fees. By allowing any token to be used as collateral, users could use a yield bearing asset, an LP token or a position from Pendle to settle trades
Introducing BioTensor
• @TaoPadX introduced BioTensor — aiming to simplify complex biological data using Bittensor. BioTensor’s goal is to make biological data and resulting insights easily accessible and reproducible for the biosciences to accelerate its research
• BioTensor is creating a Bittensor subnet that works similar to other subnets; to accept verified data to produce unbiased models and results
• What distinguishes BioTensor to other biologically focused data silos operating as public goods are the economic incentives for participants. In the long term, BioTensor aims to serve the biotech industry and academic institutions not limited by either political or geographical influence
Misc News
• @EclipseFND raises a $50M Series A co-led by @placeholdervc and @hack_vc
• @Curvance granted an @arbitrum Foundation Grant
• @avax announced that @MaplestoryU by Nexon will be building on Avalanche’s subnet
• @aiwaifugg announced LBP on @FjordFoundry
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*