GM Digest #283 — Eigen Token
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Eigen Token & Season 1 Stakedrop
• @eigenfoundation announced the launch of $EIGEN, EigenLayer’s native token with 15% of the supply will be allocated to ecosystem participants over multiple seasons with the first season being 5% to restakers
• Season 1 is split into phase 1 and phase 2. Of the 5% Season 1 tokens, 4.54% will be going to EigenLayer restakers directly or Eigenlayer restakers via LRTs. The remaining 0.46% is for users who interacted with EigenLayer in more complex ways such as via Pendle, Equilibrium, Penpie and other Defi protocols.
• $EIGEN will go live in 10 days and users can now check their allocations on the claims page HERE
• EIGEN's responsible launch includes an “initial non-transferable period” — users won’t be able to move their $EIGEN around [What’s the different with Points you’re wondering? I don’t even know lol]
Introducing Vivacity
• @vivacityfinance is a Canto-based lending protocol allowing users to borrow $NOTE using RWAs as collateral. It serves lenders who earn RWA-backed interest and whitelisted borrowers who use RWAs for leverage
• With the recent v1.1 update it now supports more collateral options like $CANTO, $ATOM, and ETH, with further assets expected soon
• Users who provide $NOTE to Vivacity Finance can earn $CANTO rewards weekly from the Neofinance Coordinator. Rewards are determined by the size of the rewards pool, the proportion of votes for Vivacity Finance, and the amount of $NOTE supplied over time
• They are currently running a points campaign as well, where users earn Viva points based on the size of their $NOTE lending positions. These points will later be converted into Vivacity token rewards
Holograph $11M Raise
• @holographxyz, an omnichain tokenization protocol for gaming, secures $11M in funding led by @MechanismCap & @SeliniCapital
• The investment will be used to advance omnichain gaming by simplifying asset management for devs, and asset transfers across multiple chains
• Holograph supports multiple EVM chains and has facilitated over 10 million omnichain tokens by 1.5 million wallets since its mainnet launch in 2023
Introducing Vest
• @VestExchange is a Perps DEX developed by a team from top financial institutions, with unique risk management system called zkRisk
• zkRisk dynamically adjusts trading fees based on risk and offers fair returns for liquidity providers. Traders pay lower fees and LPs earn appropriately with reduced risk exposure
• The platform is currently in private alpha but starting on Apr 29, users can gain access and LP yield opportunities via invite codes distributed to community members and partners as part of Phase One
• Subsequent phases include a public mainnet launch and 'Vest Quest' which is most likely their version of a points campaign
Introducing World Chain
• @ethxy announced the development of the EthXY L3 World Chain. The EthXY World Chain is an EVM @Optimism based chain that utilizes $SEXY as its native token
• The EthXY World Chain features a 1 second block time and existing EthXY player wallets will seamlessly work with the new EthXY World Chain. Additionally, game interactions and trustless randomization of game mechanics, in-game commodities, items and characters will all be trackable and tradable on-chain
• EthXY World Chain testnet will go live on May 2
Misc News
• @BlackRock's first onchain fund, BUIDL, has crossed the $350M AUM mark
• @origami_fi’s 4x EtherFi vault is live
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*