GM Digest #265 — Swell L2
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Swell L2 Pre Launch
• @swellnetworkio, a liquid restaking protocol, is launching its Layer 2 rollup specialized in liquid restaked assets while providing native restaking yield
• Depositing in Swell L2 Pre-Launch Deposit contract makes you eligible for airdrops from Swell and projects on the L2 like @ionprotocol, @ambient_finance and @BrahmaFi
• Additionally, depositors earn native rewards and points, including a share of 1 million EigenLayer Points if deposited before May 8th, 2024, and not withdrawn until Swell L2 launch in Q3, 2024
• There is a bunch of tokens that can be deposited like $ETH, $swETH, $rswETH, $ezETH, $eETH + $weETH, $PT-rswETH and more. There is no locking, the assets can be withdrawn at any time
Firefly DOC
• @FireFlydexZK introduces a Decentralizing Ownership Ceremony (DOC), akin to an airdrop. Through this, active users of the DEX will receive $FLY tokens, becoming governance members
• Firefly's DOC distributes 30% of its tokens via airdrop, split among liquidity providers, traders, and Manta DeFi users. Users need invite codes for registration, serving as referrals. Referrers get 1/3 of tokens earned by those they refer
• Two phases of DOC, "New Illumination" and "Under the Sea". "New Illumination" lasts one month, with LPs receiving 8% and traders 2.5%. "Under the Sea" follows for 30 days, then 39-day maintenance. LPs get 12%, traders 2.5%. LPs must maintain position throughout for full rewards. No new liquidity during maintenance; last day for eligible liquidity is end of initial 30 days
Layer N Testnet
• The Phase I testnet for @LayerN_Official is live now, introducing NordVM, the first XVM
• NordVM is tailored for exchanges, boasting ultra-low latency (below 50ms), high throughput (over 100,000 TPS), and minimal transaction fees. It supports extensive order processing, cross-margining, and cross-collateralization across numerous markets and assets
• The testnet will progress through three phases, with Phase II bringing NEVM, a public EVM chain, and Phase III integrating StateNet, a unified communication layer
• Layer N is a new execution layer built as a network of rollups on a shared communication and liquidity layer
Introducing Immutable Nexus
• @Immutable introduced Immutable Nexus — the Ecosystem of Gaming Chains
• The team is building Dedicated Immutable zkEVM chains, powered by @0xPolygon. Immutable Nexus will be the system of interconnected blockchains consisting of the public Immutable zkEVM chain plus all of the Dedicated zkEVM chains on Immutable
• Immutable Nexus would feature:
⇢ Complete Immutable platform support
⇢ Customizable blockchains
⇢ Access to ecosystem partners
⇢ A cross-chain liquidity service
• This would allow Immutable to support the largest game studios while maintaining product interoperability across all those games
Misc News
• @FDLabsHQ announces that they are launching $FDUSD on @SuiNetwork
• @betbase_xyz is an on-chain P2P sportsbook launching on Base chain. $BBET LBP soon
• @defarm_ETH mainnet beta is live on @Blast_L2
• @zerolendxyz teases $ZERO coming possible on April 29
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*