GM Digest #258 — Skate Skate Skate
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Range Protocol → Skate
• @range_protocol expands into @skate_chain, a universal application layer enabling dApps to operate seamlessly across multiple chains with a unified state
• The protocol addresses issues like poor user experiences and liquidity fragmentation associated with scaling solutions like rollups
• Additionally, it simplifies deployment for new applications and connects existing liquidity, leveraging EigenLayer for faster transaction finality
• Skate utilizes the 'Universal Application Scope', maintaining a global state and application logic accessible across all chains. It uses a hub-and-spoke model, with transactions executed through signed intents
• The team has announced an upcoming campaign for early supporters. Keep a close eye in the following days if you'd like to participate from the start
Origin Token Merge
• Origin proposes merging $OGN and $OGV tokens to align under a single value accrual and governance token for all present and future initiatives
• This decision aims to benefit the community by leveraging OGN's wide holder base, liquidity, and trading volume. The proposal is part of Origin's renewed focus on DeFi
• Origin is focusing on building financial primitives for Ethereum and other EVM-compatible chains. They plan to launch native Liquid Staking Tokens (LSTs) on other chains and offer LST yield derivatives, starting with wrapped $OETH on Arbitrum
• Additionally, they are launching $primeETH, leveraging SSV's distributed validator technology for additional rewards
Ramses V3
• @RamsesExchange announced that their V3 launch is imminent and will be making some changes to their protocol beginning April 4 — the start of Q2
• Firstly, the team announced that there will be a removal of boost. Starting today, there will be no more active boosting system and users with or without an NFT can earn the same yield as others. The Ennead will be undergoing a merger with Liquid Driver’s liveToken model to develop ‘liveRAM’ as well as other products. LPing on the Ennead will not give any further benefits at the moment
• xRAM will also be sunsetted from the emission split. xRAM will gradually be removed from the emissions curve and all emissions in the future will be in $RAM tokens
Fhenix x EigenLayer
• @FhenixIO announced an engineering partnership with @eigenlayer to develop a novel FHE coprocessor architecture
• FHE creates a new way for blockchains to incorporate FHE enabled onchain confidential computing. By combining the cryptoeconomic security of @Ethereum via @eigenlayer with @FhenixIO’s FHE rollup architecture, the FHE coprocessor allows developers to easily integrate encrypted computation into their application logic and dynamically adjust the level of cryptoeconomic security to remove the necessity of a long fraud proof challenge period
Tensor S4
• @TensorFdn announced the launch of Season 4. Participants of S3 would have received Treasure Boxes proportional to their use of Tensor protocols
• Additionally, all Treasure Boxes from S1, 2 and 3 will be viewable and openable on April 8. Treasure boxes contain $TNSR , the governance token for Tensor protocols that have traded over $2b worth of NFTs
• For Season 4, bidding, listing, market making and using price lock on Tensor will be rewarded. Holding a Tensorian NFT will allow users to have higher multipliers on their rewards. Lastly, an additional 1% of $TNSR supply will be claimable by Tensorians that remain staked until the claim date
Misc News
• @GrixFinance exploration mode is live. Users can explore prices in different protocols including @lyrafinance, @aevoxyz & @ryskfinance
• @seismicfinance raises $1M in a seed round
• @Nimble_Network announces partnership with @AethirCloud
• @Backpack will be distributing 27m $W tokens to users who traded over $5k in volume on Backpack Exchange between Feb 13 to March 18
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*