GM Digest #244 — We're Back Again! | Rodeo 500% APY | Avalanche Milk Tea
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
We’re Back
• Fed holds rate steady at 5.25% - 5.50%, penciled in three quarter percentage points rate cuts by the end of 2024
• The FOMC announcement propelled BTC up 8.7% and ETH 12.0%. Stock markets are also up with S&P 500 rising 0.9%, NASDAQ 1.3%, and Dow Jones 1%
Rodeo Alpha [URGENT]
• @Rodeo_Finance has allocated 250k ARB rewards for 9 days (until 29th March) for users to farm
• Users simply deposit lending capital or farm on any strategy and they can start earning a share of the 250k ARB rewards
• If the user has xRDO, you can use that to boost the ARB rewards earned, up to 1000% boost
• Feel free to use my code HERE to potentially get some boosters
Avalanche Milk Tea
• @avax serving milk tea to Southeast Asian users via Alipay+ D-Store
• Alipay+ D-Store is the first phase of two-phase PoC “Web3-enabled voucher program”. tl;dr → Avalanche partners with with e-wallet partners across SEA
• Milk tea drinkers can play games on Alipay+ D-Store and earn vouchers which can offer 50% discount on milk teas sold by 10 popular milk tea brands at 500+ shops in the region, with 2,000+ shops in the pipeline
OP Fault Proof System
• @Optimism Sepolia testnet now has feature-complete fault proofs, enabling permissionless validation
• The fault proof system allows for permissionless withdrawals without third-party involvement and enables challenges for invalid withdrawals
• Additional proof systems can be easily integrated into existing smart contracts, enhancing security
• This milestone lays the groundwork for a "multi-proof nirvana" and Stage 2 Superchain. The ultimate goal is to achieve Stage 2 decentralization without the need for a security council
• The next step is to deploy fault proofs on Superchain mainnets
Fantasy V2
• @fantasy_top_ V2 is live on Blast testnet with new features and improvements
• Features include Multi Rarity, Leagues, Sub Tournaments, Quests and Lottery. Along with the pack sales update done with the help of @paradigm and @Dave__White
• Multi Rarity introduces different hero tiers with varying point boosts. There is also a mechanism where you burn the cards in order to level up your hero tier
• Leagues provide tailored competitive environments for users to advance in. If you rank in the top 15%, you will move up to a higher league, with greater rewards as you climb higher
• Sub Tournaments are custom leagues. For instance, there could be a sub tournament exclusively for Milady PFP heroes, another one solely for CryptoPunks, and so on
• There are also 'Daily quests' now that reward users with FAN Points, and a 'Lottery' where you can win ETH, cards or BLAST points
AEVO Farming Program
• @aevoxyz trading & staking incentive program offers rewards for trading on Aevo and staking $AEVO or $RBN tokens
• Boosted volume from trades determines rewards, calculated weekly over 18 epochs
• Base Farm Boost ranges from 1x to 4x based on past trading volume, with decay if trading stops
• Lucky Farm Boost provides chances of 10x, 50x, or 100x boost, with higher chances for sAEVO holders
• Emissions schedule for trading and staking ensures a minimum and maximum AEVO emission each week, with possible adjustments by the Growth & Marketing Committee
• Wash trading is monitored and penalized, with rewards subject to retroactive inspection. Rewards can be claimed starting from Apr 10
Ton Foundation Launches Toncoin Community Rewards
• @ton_blockchain Foundation announced the launch of the Open League — a 30m Toncoin community rewards initiative
• This program will distribute 30m $TON to competing projects and TON ecosystem users. Funds for The Open League will be distributed via a performance-based competition, simple token mining mechanisms, airdrops and quests, and liquidity pool boosts
• Ton Chain saw an increase of total TVL from $22.9m to $60m since March 1
Ionic x Etherfi
• @ionicmoney is a money market on @modenetwork where users can lend and borrow assets
• Ionic announced that @ether_fi’s weETH is now live on ionic and weETH suppliers can earn a 2x Ionic points boost on top of Mode Network’s native yield and Etherfi points
D2 ARB++ LIVE
• @D2_Finance’s ARB++ is a vault product that’s built on top of @GMX_IO, @CamelotDEX, @lyrafinance, @Dolomite_io, @SiloFinance, @Rodeo_Finance, @dopex_io, @ryskfinance, @PremiaFinance, @arbitrum
• ARB++ emulates the user experience of single-sided staking for ARB. Users keep their ARB exposure AND earn risk adjusted yields ontop + 25k ARB incentives
Misc News
• @HookProtocol partners with @Calderaxyz to power the infrastructure for Hook Chain
• @0xoogabooga announces $1M Seed Round to develop Berachain’s native liquidity aggregator
• @MorphL2 successfully closes a $20M seed round, led by @dragonfly_xyz
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*