GM Digest #261 — Airpuff Airpuff Airpiff
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Perpy Eggs
• @PerpyFinance introduces an Egg-based point system rewarding active users with $PRY tokens monthly, split into 20% $PRY and 80% $xPRY
• A total of 20 million $PRY (2% of supply) will be distributed over 8 months in two 4-month seasons. Increased activity leads to more $PRY and $xPRY rewards
• In the first season, called "The Pond," participants can join Perpy's Egg program by creating a profile and engaging in various activities like trading, staking PRY and xPRY, and minting Pepey NFTs
• Season 2 will offer more opportunities to earn Eggs, particularly through interactions with the Social Layer. The start date will be announced soon
Form Layer 2
• @0xForm introduces a layer 2 blockchain for SocialFi powered by the OP Stack and Celestia
• The team envisions a future where creator tokens are interoperable across platforms, thus creating a decentralized SocialFi ecosystem
• Plans include bringing 30+ projects to the network at launch and releasing a governance token within a year
Introducing Michi
• @MichiProtocol is now live on Ethereum mainnet, after being previously deployed on Arbitrum for a couple of weeks
• Michi offers an innovative way of points trading through the use of NFTs, eliminating the need for collateral
• Basically when you deposit assets like Pendle's YT tokens, the protocol mints a ERC-6551 wallet which is owned by an NFT. If and when you decide to sell the points, you can do so by selling the NFT
• Also they are running their own points campaign, so users who deposit YT of popular LSTs get 3x $MICHI points for the first week
Airpuff TGE
• @airpuff_io is an AirdropFi protocol allowing users to farm more airdrop points via leverage. The team announced that they will be having an LBP on @FjordFoundry for their native token — $APUFF
• The LBP will begin on April 8 till April 11 for 15% of the total token supply. Additionally, the token will be trading at 16% initial float
• After TGE, the team will introduce $APUFF staking allowing holders to lock their $APUFF to earn airdrop rewards passively
Introducing DEEP
• @DeepBookonSui is a native liquidity layer on the Sui ecosystem and facilitates a decentralized environment for users to trade tokens. The team announced that $DEEP — their native token will be launched soon
• $DEEP will have a 10b total supply with the distribution as follows:
⇢ 59.98% for the community treasury and future allocations
⇢ 31.02% for core contributors and early backers
⇢ 10% initial community allocation
• Additionally, the first distribution of $DEEP tokens has been transferred to Deep Protocol SBT holders
Misc News
• @RamsesExchange welcomes @wagmiAlexander as an advisor. He is the co-founder of @VelodromeFi and @aerodromefi
• @eesee_io announced that they will be listing $ESE as the first token on the eesee launchpad
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*