GM Digest #264 — Eigen Live
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Eigen Live on Mainnet
• @eigenlayer officially launches on Ethereum mainnet, offering new functionalities like delegating stake to operators, AVS registration, and EigenDA introduction
• Restakers can now delegate their entire stake to chosen operators, who can opt-in to run AVSs. AVSs, starting with EigenDA, are now live, though without in-protocol payments and slashing for now
• More EigenLayer AVSs will be announced on mainnet soon, with over 10 actively testing on Holesky testnet
• Initially, there's no slashing risk, but it will be implemented later. If restakers staked via an LRT, the LRT DAO manages delegation
• Rollups will onboard to EigenDA after operator set and restaker delegations stabilize
Monad Raises $225M
• @monad_xyz has secured $225 million in funding led by @paradigm to accelerate the Ethereum Virtual Machine (EVM)
• Monad aims to address this by introducing parallel execution and superscalar pipelining to the EVM through its Layer-1 blockchain
• This funding will support team expansion and the production launch of Monad
Mode $10M Fund
• @modenetwork is launching the Mode Yield Accelerator with a $10 million fund to support projects within its ecosystem, focusing on Yield and DeFi innovations
• The accelerator seeks projects integrating yield into their products or leveraging DeFi primitives from partner platforms to foster a robust ecosystem
• The Mode Yield Accelerator program runs until June 2024, seeking projects ready to deploy on Mode mainnet. Applications are open until April 21st, favoring projects with earlier deployment dates
• Selected projects in the Mode Yield Accelerator can access significant incentives, including $10 million in funding from Mode Angel Network, $100K USDC prize money for the April cohort, and a monthly distribution of 5% of the Total Token Supply through Mode DevDrop 1, based on various on-chain metrics. Additionally, projects may benefit from Sequencer fee sharing to enhance their revenue streams
Truflation Token Launch
• @truflation has launched its $TRUF token on exchanges like MEXC, Gate io, and KuCoin
• $TRUF serves as the foundation for Truflation's ecosystem, enabling real-time economic data integration into DeFi apps
• Token holders can participate in governance by staking their tokens
• Truflation serves as a reliable source of real-time financial data, enabling the tokenization of real-world assets. Its Truflation Stream Network provides censorship-resistant data infrastructure
Misc News
• @SynFuturesDefi announces integration @RenzoProtocol. Launch of ezETH-margined pools soon
• @vectorreserve burns $130m worth of $VEC tokens though its buyback and burn campaign
• @LineaBuild announces partnership with @BuildOnLumia
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*