GM Digest #250 — Astroport x Osmosis | 0G Labs $35m Raise
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Astroport x Osmosis
• @astroport_fi and @osmosiszone, two major DEXes in the Cosmos ecosystem, are aligning to introduce a new pool type called passive concentrated liquidity (PCL)
• PCL pools on Osmosis will work alongside its existing supercharged liquidity pools, offering LPs more options for providing liquidity
• PCL pools automate liquidity management, making them suitable for passive LPs, while supercharged liquidity pools are more suitable for active LPs
• To kickstart the launch, Astroport is offering boosted $ASTRO emissions for selected pairs: NTRN/USDC, INJ/USDC, LUNA/USDC, SEI/USDC and DYDX/USDC. The TIA/OSMO pool will earn double incentives in the form of $ASTRO + $OSMO
• The deployment of PCL pools on Osmosis is anticipated to enhance liquidity provision and fee generation for both platforms
0G Labs $35M Raise
• @0G_labs has secured a massive $35 million pre-seed round to develop a modular AI blockchain solution aimed at enhancing web3 infrastructure
• The platform, called 0G or ZeroGravity, will address the limitations of current on-chain AI applications, such as speed and cost efficiency
• The team consists of experienced individuals from Conflux Network, IMO Ventures, and garten. The project has received substantial support from over 40 crypto-native institutions
• The blockchain aims to be extremely fast with a throughput of 50 Gbps, significantly higher than competitors. It plans to support various use cases, including on-chain AI, gaming, and high-frequency DeFi, while keeping transaction fees minimal
• The team anticipates launching on mainnet by the third quarter of the year
LightLink LBP
• @LightLinkChain is launching its $LL token through a Liquidity Bootstrapping Pool (LBP) on Fjord Foundry from Apr 21 to Apr 23
• The LBP for $LL tokens will start with a 99% $LL and 1% ETH weighting, gradually shifting to 30% $LL and 70% ETH
• The sale begins at $0.6 per token with 50M $LL tokens up for grabs (5% of total supply) and will take place on the Ethereum network
• LightLink is an Ethereum Layer 2 blockchain offering instant, gasless transactions. Their Enterprise Mode provides a fixed-fee subscription model for gas fees, enabling high-throughput transactions at no cost
Introducing Mantle Rewards Station
• @0xMantle introduced the Mantle Rewards Station and users can now lock $MNT on the Mantle Network and earn Ethena Shards.
• Users can participate in this event by locking their $MNT in the Mantle Rewards Station. Rewards will be officially counted starting March 27 to April 25
• The Ethena Shards rewards are fully backed by the Mantle Treasury and will be distributed to participants via Mantle Rewards Station in the form of a receipt token, mShard which is redeemable for $ENA in the future
Introducing eBTC
• @BadgerDAO announced the launch of @eBTCprotocol allowing users to borrow BTC for Ethereum DeFi at no cost
• eBTC is a collateralized asset soft pegged to the price of Bitcoin on Ethereum. It is backed exclusively by @LidoFinance’s stETH
• Users are now able to deposit ETH, stETH and wstETH to borrow eBTC at 0 cost while earning staking yields
Misc News
• @munchables exploited for $62M by a rogue dev — rouge dev has a change of heart and returned all the funds without ransom
• @NEARProtocol Co-Founder @ilblackdragon touched on the arm by Jensen Huang, Founder of @nvidia
• @EarnAlliance, a game aggregator integrates with @arbitrum
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*