GM Digest #268 — EigenLayer Updates
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
WW3 Market Down Bad
• BTC & ETH have gone down 6.9% & 9.0% due to the political tensions in the middle east
• Iran launched a drone attack on Israel during Saturday 13 April. The move is a retaliation for an attack conducted by Israel days before. Israel attacked a diplomatic compound in Damascus, Syria, killing seven Iranians, including two generals
Ithaca Points
• @IthacaProtocol is an options platform on Arbitrum, utilizing a matching engine to aggregate liquidity across chains, enabling efficient risk-sharing and market growth
• Their solution involves smart contract-based building blocks for atomic order matching, allowing for more efficient markets and resistance against manipulation
• They are currently running a new points campaign, and at this early stage, not many details have been shared. However, you can earn points for submitting orders, filled orders, linking socials, and referring users
Fantasy VRGDA
• @fantasy_top_ introduces the Variable Rate Gradual Dutch Auction (VRGDA) system to enhance market efficiency and reduce bot interference
• VRGDA dynamically adjusts pack prices based on demand, maintaining fair market value and protecting against predatory tactics
• The Pack Store offers quick access, with revenue reinvested into competition prize pools
• At least 80% of cards are distributed through competitions, ensuring a non-dilutive game
• Fantasy is a SocialFi fantasy game on Blast, where users collect cards from popular CT characters and enter tournaments. Depending on the score of your team you earn FAN points
Duo Exchange Live
• Duo Exchange, developed on Blast by @particle_trade and @ProtocolRing, offers two main features: buying tokens at a discount and earning higher yields than the source over time
• It caters to the need for fixed interest rates in a potentially volatile yield environment
• Duo allows single-side token deposits without impermanent loss or lock-up periods, ensuring no risk on the principal
AltLayer Introduces Dual Staking
• @alt_layer announced Dual Staking for MACHs. MACH operates as an AVS where users can delegate ETH or LSTs and the collateral is used to attest to the validity of a given rollup’s state
• Users are now able to stake ALT alongside restaked ETH. This dual staking mechanism begins with Xterio MACH which serves the @XterioGames rollup
EigenLayer Updates
• @eigenlayer announced that they will be unpausing restaking deposits and removing all LST caps on April 16
• Additionally, the team confirmed that 6 new AVSs are coming live alongside EigenDA. These 6 includes @alt_layer MACH for restaked rollups, @brevis_zk coprocessor, @eoracle_network Ethereum native oracle, @lagrangedev State Committee, @witnesschain DePIN coordination layer, and @XterioGames MACH restaked rollup
• With the launch of these new AVSs, users can now start to delegate their stake to operators of those AVSs
Misc News
• @ether_fi integrates with @ssv_network
• @origami_fi is officially live on Ethereum Mainnet offering 5x leverage on both sUSDe & USDe
• @cartesiproject announced that Cartesi Rollups contracts have been deployed to @base
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*