GM Digest #260 — Metis Sequencer Mining
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Metis Sequencer Mining
• @MetisL2 Sequencer Mining is about to go live. Metis EDF funding will be used for the campaign, where participants stake tokens for block production rewards
• 65.4% of the Metis EDF, totaling 3,000,000 $METIS tokens, will be allocated to Sequencer Mining. This allocation aims to ensure network functionality, decentralization, and liquidity depth until self-sustainability through transaction fees. A LST platform will enable users to earn sequencer rewards while holding liquid staked $METIS
• 34.6% of the Metis EDF, totaling 1,600,000 $METIS tokens, will be allocated to ecosystem funding. This will support various initiatives including Builder Mining Rewards, protocol deployments, product development, liquidity provision, innovation grants, and more
Solv Points
• @SolvProtocol introduces a point system focused on $SolvBTC in Phase 1, allowing users to earn XP through deposits, referrals, and participation
• Basic XP earned from deposits and referrals can be boosted through community events. XP can lead to future $SOLV airdrop tokens and eligibility for BTCFi ecosystem airdrops
• SolvBTC is a yield-bearing BTC, currently live on Ethereum, Arbitrum, BNB Chain, and Merlin Chain. The protocol employs a multi-strategy framework for stable yields of 5%-10%, connecting liquidity providers and dApplications across chains
• Backed by Binance Labs, Nomura, Mirana Ventures, and Blockchain Capital
Kim Token Launch
• @kimprotocol, a DEX on @modenetwork, is phasing out its points program and introducing $KIM and $xKIM tokens
• Points can still be earned until disabled before the token generation event (sometime this month)
• $KIM will be available for sale on the Superchain One Launchpad, followed by an airdrop. Sybil resistance mechanisms are implemented for points farmers and airdrop hunters
• $KIM is the main token of the Kim ecosystem, with 30% reserved for liquidity incentives and 5.5% for the airdrop. It can be staked and converted to $xKIM, a governance token. $xKIM holders benefit from protocol success and can allocate it to Plugins for benefits akin to Camelot
Timeswap x Etherfi
• @TimeswapLabs announced that users can now earn @eigenlayer and @ether_fi points alongside TIME rewards
• Users can now lend their ETH and borrow eETH to have a leveraged position to farm points
Misc News
• @opensea launches on @Blast_L2
• @SharpeLabs IDO on AIT Protocol
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*