GM Digest #246 — DEAI | Blast Gold | Botto Raises | rUSD | Nim Genesis
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
DEAI Outperformance
• Despite market tanking during the weekend, @zero1_labs‘s DEAI have been increasing more than 200% (3x) since launch
• The narrative of TAO alternative, providing infrastructure and tooling for devs to build AI apps affordably + AI Launch platform and incubator have been making waves across CT
Blast Gold Distribution
• @Blast_L2 Gold has been distributed to Big Bang Winners and Mainnet Dapps: 4 million Gold to winners, vested over 60 days, and 6 million Gold to Mainnet Dapps, available immediately
• Blast Gold aims to promote Dapp development. Future distributions will target Dapps utilizing Blast-native features and aligning with Blast long-term. Dapps with long-term tokenomics and extended lockup periods will be prioritized
• Methodology for distribution includes categories for Big Bang Winners and weighting for Mainnet Dapps based on exclusivity to Blast and other factors
• 100 Gold each has been distributed to active Dapps that didn't achieve enough traction initially. Additionally, 1 Gold has been given to 38,000 active addresses with at least 0.01 ETH balance
There is a list of all the protocols that received Blast gold. Remember, they are all encouraged to share it with their users
Botto Raises 1.67M
• @BottoDAO raised $1.67M through OTC transaction of its treasury $BOTTO tokens, led by 1kx, with Collab+Currency and Variant Fund participating
• This funding will accelerate Botto's development in technical, creative, and marketing aspects. Plans include enhancing Botto's agency, autonomy, and decentralization, such as through forming a decentralized governance framework to "tutor" Botto in art history
• Botto has achieved significant milestones in AI, art, and crypto, including over $3.5 million in artwork sales and numerous exhibitions, and aims to deepen human-AI collaboration in its journey ahead
• Botto is a decentralized AI artist governed by BottoDAO, creating art collaboratively with its community. Each week, Botto generates thousands of prompts and images, from which the community selects one artwork to mint as an NFT through voting.
• Revenue from artwork sales supports Botto's growth and the DAO's activities. Over 100 Botto artworks have been sold, totaling over 1,600 ETH in sales, with a community of over 13,000 participants
Inception x Ankr
• @InceptionLRT has integrated ankrETH restaking, collaborating with @ankrstaking for enhanced staking options
• Ankr is a leading Web3 infrastructure protocol, offering global infrastructure and comprehensive staking solutions
• $ankrETH is Ankr's Ethereum liquid staking solution, providing liquidity while earning staking rewards
• With ankrETH restaking on InceptionLRT, users can delegate deposits to operators, enhancing staking flexibility and returns
rUSD is Live
• @protocol_fx announced that the seeding event is over and rUSD is officially live
• Users can now freely mint and redeem rUSD and stability pools and yields are now live. Users can stake and earn LRT yields, $FXN incentives, up to 4x @ether_fi points and up to 2x @eigenlayer
• Users who participated in the seeding event will have their funds kept in the vaults for the next week to ensure stability. After the seeding period is over, depositors may withdraw their funds in either $weETH, or a 50/50 mix of rUSD & xeETH combination
Nim Genesis Rolldrop
• @nim_network announced the launch of their Genesis Rolldrop to distribute 90m $NIM — 9% of the total supply
• $NIM will be the native token of the Nim Network and will be used to pay transaction fees and to facilitate governance. Additionally, the token will be an IBC token that can function on Nim’s EVM chain
• Users can now begin to claim their airdrop and the token will be distributed to all eligible addresses automatically upon launch
• Check your Eligibility HERE — No need to connect wallet address or sign anything
Misc News
• @NapierFinance reveals protocols whose users are eligible for Napier points, including @protocol_fx, @WenLlama, @ConicFinance and many more
• @0xPolygon introduced the dApp launchpad
• @citrea_xyz unveil Clementine — Citrea's BitVM based trust-minimized two-way peg program
• Rumor of Do Kwon being released on House Arrest — $LUNA pumped ~25% over the past 24hr
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*