GM Digest #273 — AggLayer
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
AggLayer Expansion
• @union_build, part of the Cosmos ecosystem, is integrating with the @0xPolygon AggLayer to enable cross-chain transactions and communication
• This move facilitates seamless asset transfers between AggLayer chains and all Inter-Blockchain Communication (IBC)-enabled chains, enhancing shared liquidity
• Leveraging zero-knowledge proofs, Union aims to create trustless interoperability and enable the bridging of funds across various blockchain networks connected to the
AggLayer
Thruster Seed Round
• @ThrusterFi, a DEX protocol on Blast, raised $7.5M in a seed round led by @panteracapital. The funding brought its valuation to $70M
• Thruster prioritizes yield and incentives, attracting over 100,000 users and $320 million in TVL within two months of launch
Zeta Tokenomics
• @ZetaMarkets released the $Z token whitepaper, outlining the distribution and utility of $Z, the token powering a perps DEX and soon the first Layer 2 on Solana
• It has a total supply of 1 billion tokens, with 62.5% reserved for the community. 10% are reserved for the airdrop and 30% for platform incentives
• Contributors and investors receive 37.5%, subject to multi-year unlock and vesting schedules. Platform incentives will launch after the airdrop to optimize trading conditions
•Additionally, $Z will utilize the vote-escrow model on Solana (which is a first as far as I know), with the goal of granting governance power to longer-term stakers
Cove Public Sale
• @cove_fi is partnering with @hiBazaar to hold an uncapped batch auction for 9.5% of $COVE token supply for $ETH
• The auction starts on Apr 22 and runs for 3 days on Bazaar, which is a decentralized launchpad platform available on multiple blockchains
• Participants in the auction receive tokens based on their contribution. Tokens will vest over a year on @Sablier
• Funds raised will buy $YFI to lock as veYFI, boosting liquidity in the ecosystem. Community multisig oversees purchases for transparency. Any extra funds go to the DAO
Ronin x Ragnarok
• @Ronin_Network announced that @ragmonnft will be coming to Ronin in Q3
• Ragnarok: Monster World is a strategy game that combines tower defense and monster collecting elements. Players will collect off-chain and on-chain Ragmons with varying stats, abilities, and appearances and use their Ragmons to participate in PvE or PVP battles. The game is currently under development and is scheduled for release in Q3 2024
Misc News
• @IntentX_ officially live on @0xMantle
• @NFTfi now supports loans on @NFTX_ Pools, enabling LP positions as collateral for even more liquidity
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*