GM Digest #253 — Parcl PRCL | Althea | Nebula | Degen Chain | Hyperliquid L1
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Community Allocation of PRCL
• @Parcl announced tokenomics details for $PRCL — 7.5% of token supply will be distributed among Parcl Points holders (Points are still accruing via Season 3. The final snapshot has not yet been taken)
• 0.4% distributed to Homeowner Association (HOA) members and 0.1% to eligible Mad Lads
• Full details HERE
Introducing Althea
• @AltheaFinance is having a Public Sale IDO for its $THEA token starting on Apr 1 on @TheHerculesDEX
• The IDO has two phases: Whitelist Round (guaranteed allocation) on Apr 1 and First-Come-First-Served Round on Apr 2
• Contributions are in $METIS, with final token price determined by community consensus. Total allocation is $3 million, with a pricing range from $0.03 to $0.20 per $THEA
• The $THEA token offers revenue share, governance rights, and rewards boosts
• Participants can secure a Whitelist spot by completing simple tasks like following them on X, and filling out a form
• Althea Finance introduces an all-in-one LSTfi solution for the Metis ecosystem, enabling users to access liquidity and amplify yields for their $METIS LSTs/LRTs. It combines a Prisma-style LST-backed stablecoin and a Pendle-style yield market
Introducing Nebula
• NebulaFi is a liquid staking RollApp built on top of Dymension
• It offers flexibility for stakers to withdraw funds anytime, enhances network security, and boosts capital efficiency
• When you stake $DYM on Nebula, you receive $nDYM tokens. Additionally, through staking, you earn Nebula points which will be used to distribute $NBL
• Testnet launch coming soon
Degen Chain
• @syndicateio introduces Degen Chain as an ultra-low-cost Layer 3 (L3) solution for the Degen community
• Degen Chain utilizes Arbitrum Orbit, Base for settlement, and AnyTrust for data availability
• Furthermore, $DEGEN serves as the native gas token for the chain
Maverick V2
• @mavprotocol is an AMM which automates the concentration of liquidity as price moves allowing for higher capital efficiency
• The Maverick team announced that they will be launching their V2 soon offering additional features such as:
→ A more gas-efficient CLAMM
→ Programmable pools (more flexible and gas efficient hooks)
→ MAV emissions to boosted positions via veModel
→ The Maverick ve-Factory
• These are the only details released by the team so far on V2
Hyperliquid L1
• @HyperliquidX announced that they will be launching the Hyperliquid L1 and will be supporting native spot trading
• The L1 will be using the HIP-1 and HIP-2 standards for native tokens to deploy native tokens and onchain spot order books and also “Hyperliquidity” — a novel mechanism to permanently commit liquidity to a spot order book for HIP-1 tokens. These Hyperliquidity strategies run entirely onchain and synerize with users’ order book liquidity
• The first spot launch on the L1 will be $PURR — a memecoin with 50% of the total supply airdropped to points holders with the remaining 50% used as liquidity
Misc News
• SBF gets 25 years in jail
• 1kx raises $75m in its latest round for its closed-ended fund
• @fraxfinance’s sFRAX & sfrxETH are available on @Blast_L2
• @ritualnet and @celestiaorg join forces to enhance decentralized AI capabilities
• $wMNT borrowing incentives are live on @AureliusFi
• @KettleFinance Genesis Mint is live on @Blast_L2 • @wormholecrypto announced their token 3-April-2024 at 11:30AM UTC • @PrismaFi has shared its post-mortem here
• @bonkbot_io announced that BonkBOT itself is SAFE. Every user account being drained has previously exported their private keys. Users who didn’t export the keys are safe
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*