GM Digest #237 — Swell L2 | Arbitrum Gaming Catalyst
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Swell L2
• @swellnetworkio launches a layer 2 rollup, powered by Polygon CDK, that leverages @eigen_da and the AggLayer
• The L2 specializes in liquid restaked assets on EigenLayer, aiming to enhance security and decentralization
• Additionally, it introduces a "restaked rollup" framework pioneered by AltLayer, providing Actively Validated Services (AVSs) for improved security and faster finality
• $rswETH is the native gas token, while $SWELL serves as the governance token for the chain alongside swETH and rswETH
Core Launch and LBP
• @Core_Markets is an intents-based derivatives platform on Blast that collaborates with @symm_io for trade settlement and @IntentX_ for enhanced user interaction
• Core uses $USDB yield for lower funding rates, offers 250+ trading pairs, and features a Trade2Earn program
• They also have a Trade2Earn program that rewards traders directly, boosting trading activity, which will in the future increasing yields for $CORE stakers
• Since there are no LPs all rewards will go to stakers and traders. Additionally, participants will receive Blast incentives, $CORE emissions, and tokens farmed by Core, maximizing rewards for users
• Core is launching its token through an LBP in partnership with @FjordFoundry and @tempogrp. The LBP starts on Mar 14, runs for 72 hours, with initial price set at $0.50 per $CORE, and includes 12.5M tokens at a fully diluted valuation (FDV) of $50M
• 5% of $CORE tokens (2.5M each) will be airdropped to IntentX users and @basedmarkets $BASED holders
Juice Farming Competition
• @Juice_Finance announces that the farming competition is now underway. All current borrowers, lenders, and vault depositors are automatically entered
• 2,000 winners will receive whitelist access for the $Juice liquidity event and qualify for the $JUICE airdrop
• The competition runs from Mar 13, 3PM EST to Mar 20, 3PM EST. Results will be publicly posted
• Additionally, with the onboarding of Renzo $ezETH as collateral on Juice imminent, there will be some crazy airdrop farming opportunities. Users will potentially be able to farm Renzo, Eigen, Blast, Juice, Thrust and Hyperlock all at the same time
• Also $JUICE token soon
Halt on Blast
• @Blast_L2 informed users on X that the Blast Mainnet stopped producing blocks due to issues related to Ethereum’s Dencun upgrade
• Since then the core engineers on the team worked on a fix and was resolved around 40 mins after the announcement
Sat.is Introduces Points
• @SatisDEX is an order book perp DEX trading on @ethereum, @arbitrum and @zkSync. The team announced that Points are now live on their platform
• Users can earn points by depositing USDC and executing trades on the platform and the amount of points accrued are based on volume
IntentX x Blast
• @IntentX_ announced that they are officially live on @Blast_L2 in a strategic move to leverage on Blast’s innovative features and its native yield token $USDB
• IntentX offers over 250+ pairs with deep liquidity facilitated by @symm_io. Additionally, users incur less funding rate costs due to USDB’s native yield
• 100% of the $Blast Developer Allocation will be going back to the IntentX community. Users will be able to earn Blast Gold, $CORE points from @Core_Markets and $INTX points
Nimbora x Liquity
• @Nimbora_ is a protocol allowing users to borrow LUSD against their ETH on Starknet. The Nimbora team introduced incentivized pools as part of DeFi Spring on Starknet
• Users can now earn $STRK rewards when they borrow $LUSD on Starknet
Gaming Catalyst Program Proposal
• There is a Gaming Catalyst Program (GCP) proposal on Arbitrum asking the DAO to earmark 200m ARB over a 2 year period to bolster the gaming ecosystem across Arbitrum
• This GCP would serve as a catalyst to onboard and support high quality builders. Part of the fund will also be used to co-invest into promising studios and games along with approved publishers
• Of the 200m ARB fund, 160m ARB will be used for builder onboarding and growth, and 40m ARB will be used for infrastructure bounties
Misc News
• @CamelotDEX welcomes @CryptoAlgebra to the Castle and lists $ALGB token
• @IntentX_ Blast OG Quest is live on ****@Galxe
• @CurveFinance Curve Lend (aka LlamaLend) is live
• @binance announced that farming is now open for @ether_fi launchpool. Users can now stake BNB and FDUSD over the next 4 days to earn $ETHFI
• @CyversAlerts alerted that @PolyhedraZK had a wallet access breach on BNB and the attacker managed to withdraw 1.4m $THE and swapped all the tokens to BNB
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*