GM Digest #275 — rswETH V2 | SkatePark
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
rswETH V2
• @swellnetworkio’s rswETH v2 aims to unify the Swell ecosystem and introduce three new functions for rswETH and swETH holders, coinciding with the launch of the restaking ecosystem powered by AVS's on the mainnet with the Eigenlayer upgrade
• With rswETH v2, you can stake swETH and other supported LSTs as collateral to mint rswETH
• Also with v2, you can withdraw rswETH through the Swell app at the primary market rate, eliminating the need for reliance on the secondary market and enhancing the stability of rswETH
• Additionally, rswETH v2 will automate delegation of ETH and LSTs to EigenLayer AVS Operators. Restakers will receive rewards, including restaking yield, and very iikely potential AVS airdrops
• The upgraded rswETH will play a key role in Tri-Staking on Swell L2, securing AVS's via AltVault. It will also serve as the native gas token for Swell L2
SkatePark Open
• @skate_chain's incentivized testnet campaign "SkatePark" is now live, offering Ollies Points for showcasing tricks and aiming to become a "Skate Legend”
• Start your journey by minting a Skate Rebel NFT on Nollie Testnet. Connect your X account and wallet, claim the NFT to earn 500 Ollies. Get extra Ollies by referring friends and earn 10% of their Ollies directly and 5% indirectly
• Additional ways to earn Ollies and convert Galxe and Zealy points to Ollies are coming soon. Ollies serve as points and contribute to future community token distribution. 8% of the token supply is reserved for the community airdrop
• Skate (formerly Range Protocol) is an universal application layer allowing apps to operate across multiple chains with a single state
Introducing gmID
• @gm_dot_ai introduced gmID — a free mint on @Solana for selected early stakeholders. The NFTs give exclusive access to gmAI's Beta Launch and future rewards
• $GM pre-sale participants and the first 10,000 Beta sign-up users are eligible to mint a gmID. gmID holders are given instant access to our Beta products
Introducing Aethir Edge
• @AethirCloud introduces Aethir Edge — the hardware component of the Aethir DePIN
• With Aethir Edge, everyone will be able to access the Aethir ecosystem and everyone can contribute as a service provider while earning $ATH tokens
• Aethir Edge is currently looking for partners and distributors including mining companies and hardware vendors to distribute the hardware
Misc News
• @Juice_Finance launches the native minting V3 @etherfi vault. Borrowers can earn up to 9x EtherFi points, along with 3x Eigen, Thruster, Hyperlock and Juice points
• @steerprotocol teams up with @ThrusterFi to bring automated liquidity strategies on @Blast_L2
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*