GM Digest #248 — Hercules Alpha Pools | Kima | StakeRank | Molend
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Hercules Alpha & Genesis Pools
• @TheHerculesDEX launches on Metis on Mar 25 with unique features to enhance liquidity and community participation
• Alpha Pools open from March 25-29, offering rewards in xMETIS to depositors. Additionally, Alpha pool depositors can earn Whitelist spots for the $TORCH token public sale
• Alpha Pool rewards are supported by a $1M Grant from the Metis Ecosystem Development Fund
• Genesis Pools open from April 1-7, with rewards in TORCH/xTORCH, xMETIS, and LP Partner incentives
• Genesis Pools farming emissions of $TORCH and $xTORCH are distributed in a 20/80 ratio. Rewards allocation begins April 2, with claiming available from April 9 to August 6. Genesis pool depositors also earn Whitelist spots for the $TORCH token public sale
• The $TORCH Public Sale will be on Hercules Launchpad on April 5
Introducing Kima
• @KimaNetwork enables asset transfers and payments across different infrastructures, including blockchain-based and traditional systems
• Kima recently evolved into Kima Network. Kima Network unites all Kima solutions under one umbrella, including Kima Finance, Kima Hub, and Kima Pay
• Kima Finance remains focused on integrating Kima into traditional financial institutions, while both Kima Hub and Kima Pay are yet to be released
• Kima Network is being incubated by @Chain_GPT, a leading provider of AI infrastructure for the Web3, crypto, and blockchain industry
• ChainGPT is assisting Kima in rebranding, expanding its community, fundraising efforts, listing the $KIMA token on exchanges, and deploying liquidity pools
Etherfi Introduces StakeRank
• @ether_fi announced Points Season 2 called StakeRank beginning March 15 until June 30. This Season 2 allocation will be for 5% of the total $ETHFI supply
• StakeRank is a level system with 8 levels/Ranks. Users will have to stake a minimum of 0.1 eETH and will advance to the next level every 100 hours. The higher the level, the higher the points rate boost. Additionally, Season 1 participants will have a headstart in Season 2 and will start off at Rank 2 and Rank Boosts will range from 1-2x. Ether.fan NFT holders will be automatically levelled up to Rank 3
• Points accumulation rate for Season 2 is increased by 10x subject to certain conditions. For users who withdrew their ETH or mostly withdrew their ETH, their Season 1 points won’t earn them a Season 2 airdrop unless they stake additional ETH during Season 2. Also for these users, if over 70% of points came from Season 1, they will not be eligible for Season 2 airdrop. Users who withdraw shortly before the end of Season 2 or any blatant sybil/manipulation attempts will also be excluded from Season 2 airdrop
Sommelier Finance x PWNDAO
• @sommfinance announced their integration with @pwndao and Sommelier depositors can now collateralise their vault shares for loans
• PWN is a P2P lending protocol allowing users to lend and borrow against assets across 7 EVM chains. Users will not be liquidated using PWN and will only lose their collateral if they fail to repay the loan by an expiration date
Introducing Molend
• @MolendProtocol is a lending protocol on @modenetwork. Lenders deposit assets to earn interests while borrowers borrow those assets in exchange for collateral
• Molend also has a flash loan feature allowing users to borrow and repay the loan in a single transaction without the need for a collateral for only a minimal processing fee on top of the gas fee. Additionally, there is a Loop feature allowing users to loop their assets via leverage more easily
• The Molend team has confirmed that 10% of its total supply will be airdropped to early users. $MLD holders will be able to participate in governance and revenue share
INIT Community Quest
• @InitCapital_ is a liquidity hook money market on Blast and Mantle. The team is rallying users to help them compete for a spot in Mantle’s first monthly town hall against all ecosystem protocols
• Users who participate in the INIT Community Quest will have a chance to obtain the INIT Golden Ticket. There is a total of 10 INIT Golden Tickets on Mantle and users will need to complete the actions in the Galaxe quest to be eligible
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*