GM Digest #290 — Vape-to-Earn ?
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Solv x Babylon
• @SolvProtocol will integrate restaking yield from @babylon_chain, allowing Bitcoin holders to stake their BTC securely and earn rewards
• Babylon's native BTC staking protocol extends BTC security to PoS chains, roll ups, and AVS, while Solv tokenizes these yields into SolvBTC, unlocking Bitcoin's liquidity for use in DeFi
• Solv Protocol is a platform that tokenizes and aggregates high-quality yields from various sources supported by prominent backers like Binance Labs
• Babylon on the other hand offers two protocols: Bitcoin timestamping for verifiable timestamps of data and Bitcoin staking for economic security via self-custodian staking. The team is developing the core primitives of the Bitcoin staking protocol, set to be open-sourced soon
Introducing Puffpaw
• @puffpaw_xyz is a DePIN project that introduces a vape device gamified to track smoking habits, aiming to reduce nicotine use and distributor margins in the vaping industry
• It integrates physical vaping experiences with on-chain gaming, collecting data like puff count, nicotine levels, and social interactions
• Users invest in node licenses for mining efficiency, balance gaming, addiction, and financial returns, while also gifting vapes to friends to enhance engagement
• The project integrates GameFi, DePIN, and SocialFi elements. Scheduled to launch on Berachain
Introducing DOP
• Multiparty computation ceremonies, like the one planned by Data Ownership Protocol @dop_org, enhance security in crypto projects by involving the community in cryptographic operations
• Participants contribute random numbers to create encrypted codes that boost security, making it difficult for malicious actors to gain control
• DOP aims to create resilient zero-knowledge proofs, ensuring transaction privacy. Joining the ceremony strengthens the protocol's security, contributing to its decentralization
Introducing Blast Jackpot
• @Blast_L2 introduced Blast Jackpot, a new way for Blast ecosystem token and NFT holders to earn Blast Gold
• Holders can add up to 8 Blast tokens or NFTs to their “Deck” to be eligible for the Jackpot. Every block, there is a small chance the Jackpot will be hit, and a random Blast asset will be selected as the winner. Holders with winning assets in their deck will earn Gold
• It is worth noting that although every Blast token and NFT is eligible to win the Jackpot, certain assets will carry more weight. The Jackpot starts at 1,000,000 Gold and increases every second
Misc News
• @zerolendxyz announced that $ZERO is now live on @LynexFi
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*