GM Digest #238 — Elixir | Thruster War | Fjord Seed Round
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Elixir Apothecary
• @elixir announced that Apothecary will run for 5 months, distributing 1,000,000 potions per week. A total of 20,000,000 potions will be distributed over the course of the campaign
• Users receive invite links after profile creation. Referrer gets 10% of referee's potions, new user gets 10% boost
• Users can start earning by following socials and depositing at least $100, which additionally grants them a 'mystic chest' that can be opened when mainnet launches
• Furthermore if you mint $elxETH you earn 50% boost in potion earnings, but note you will be able to withdraw when mainnet launches
• Elixir is a modular cross chain DPoS infrastucture that facilitates liquidity bootstrapping for exchanges and protocols
ThrusterFi Liquidity Wars
• @BaselineMarkets commits 100% of Blast Points and Gold to incentivize $YES pairs on hyperlockfi
• @YESMONEY420/Baseline have created $YES pairs for YES/USDB, YES/ALIEN, YES/BAG, YES/BAJA, and YES/NO
• Users need to deposit in these pools on @ThrusterFi and then deploy the LP position on Hyperlock in order to earn Thruster/Hyperlock/Blast points and gold
Fjord Seed Round
• @FjordFoundry successfully closes $4.3M seed fundraising round led by @Lemniscap, joined by @MechanismCap, @ZeePrimeCap, and other angels
• This strengthens Fjord's position as a leading platform in decentralized token bootstrapping and LBPs
• Since 2021, Fjord has facilitated over $850 million in token raises, with Fjord V2 (beta since late December) already handling over $70 million
• Next steps include platform improvements, a forthcoming airdrop announcement that they'll share details on soon, and the release of $FJO token
Introducing Cat-in-a-Box V2
• @catinaboxfi is a lending protocol for yield bearing assets and have introduced their V2
• Cat-in-a-Box enables users to sell ETH while retaining yield. V2 is now introducing a new token to support liquidity providers. Users can stake to direct liquidity incentives or burn for a one time fee payment
• Additionally, the team announced that there is an airdrop where 50% will be directed to boxFEE holders and stakers
EigenLayer Mainnet
• @eigenlayer announced that they are moving closer towards mainnet launch and will be introducing a multi-phased approach leading towards launch
• The team will be following a gradual mainnet rollout to minimize risk and optimize performance. Before mainnet, the team will have a final testnet launch on the Holesky testnet
• Leading up to Mainnet, users can also expect Webapp and contract pause and gradual operator registration. Additionally, EigenDA will also be launching at the same time.
Sturdy x Bittensor
• @SturdyFinance announced the launch of Sturdy Subnet, a Bittensor subnetwork that is now live on testnet
• Sturdy uses aggregators, which are vaults that deposit to whitelisted lending pairs. Aggregators allow users to deposit multiple lending pairs that fit their risk profile at once
• With the Sturdy Subnet, miners will receive information about aggregators and return allocations via their custom optimization algorithms. Validators will rank them based on yield, and then the best ones will be used by Sturdy
Misc News
• @rage_trade integrates @aevoxyz. Perps and pre-launch tokens can be traded directly on Rage
• @Portalcoin announces integration with @MagicEden
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*