GM Digest #277 — Scroll Sessions
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Scroll Sessions
• @Scroll_ZKP introduces Scroll Sessions, a loyalty program rewarding community engagement with Scroll Marks
• Session Zero starts by bridging assets to Scroll, accruing Marks by holding ETH, wstETH, or STONE
• Marks are also retroactively allocated to members deploying assets since Oct 10, 2023. A frontend for tracking Marks will be introduced soon
Reya LGE
• @reya_xyz launches as the first L2 optimized for DeFi trading, achieving over 30,000 transactions per second with built-in liquidity support for DEXs
• Built on Arbitrum Orbit and Gelato Rollup-as-a-Service Platform, Reya integrates a unique liquidity pool into its design, ensuring optimal capital usage and deepening market liquidity across all DEXes
• Additionally, it offers improved capital efficiency through a progressive margin engine logic
• The Liquidity Generation Event (LGE) is live via the Reya dApp, allowing early supporters to stake capital. The LGE lasts two weeks, followed by the launch of the first perpetual futures DEX on the network
• By bridging $USDC from mainnet, Arbitrum, Polygon and Optimism you accrue XP, and there are multiplier boosts for those who stake early all the way up to 10x
Fantasy Stars
• @fantasy_top_ Stars are introduced to reward early supporters. Users depositing ETH before the Main App Launch earn 10 stars daily per ETH, starting with 1 star per 0.1 ETH, until Apr 28
• Accumulated stars increase chances to win prizes like Blast GOLD, ETH, Cards, and FAN pts in weekly lotteries
• After Apr 28, stars will be earned mainly through competition scores. You need to deposit before the Mainnet Launch to participate
LDX Airdrop Farming Live
• @lyrafinance announced that their LDX airdrop farming is now live
• LDX is the new utility token of the Lyra Derivatives Network and $LYRA holders can start staking and locking to earn their LDX airdrop. The locked LYRA will allow users to earn Holder Points. Alternatively, users can trade perps and options to earn LDX starting May 8
• May 8 will be the official migration date and all LYRA balances will be snapshotted and migrated 1:1 to LDX. The farmers and traders will be airdropped additional LDX. The team also asked Uniswap LPs to withdraw their positions before the snapshot on May 8
Re-Introducing Socket
• @SocketProtocol is a chain abstraction protocol enabling devs to compose with every protocol, user, and asset across 300+ chains and rollups
• Socket does this via Modular Order Flow Auction (MOFA) which creates an open marketplace for execution agents (Transmitters) and user-requests (signed authorizations i.e. user operations/user intents), where Transmitters compete to create the next chain abstracted bundle. This is all done without the need to introduce any new chains or validators
• With Socket Protocol, users enjoy fast and secure transactions without needing to navigate on different chains, developers are able to build chain-abstracted protocols more easily and those off-chain actors can compete permissionlessly
Misc News
• @MagicEden enables listing and buying of Runes
• @ParallelFi releases mainnet Alpha cross-chain bridge
• @DriftProtocol announced that the snapshot for the Launch Airdrop has been taken and includes all activity until April 18
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*