GM Digest #293 — QuantAMM BTFs
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
QuantAMM BTFs
• @QuantAMMDeFi introduces Temporal Function Market Making (TFMM) for dynamic portfolio rebalancing in DeFi, enabling low slippage through arbitrageurs
• TFMM gives rise to Blockchain Traded Funds (BTFs), offering transparent asset management with the efficiency of quantitative funds
• BTFs address DeFi's challenges like latency, high fees, and lack of transparency, providing asset management for retail and institutional investors
• QuantAMM is an AMM protocol designed for running quantitative funds entirely on the blockchain. It aims to provide advanced investment strategies using mathematical models and algorithms
Sovryn on BOB L2
• @SovrynBTC launches DEX 2.0 on @build_on_bob (BOB) Layer 2, connecting Bitcoin security with Ethereum liquidity
• Users can also participate in AMM liquidity pools to earn rewards and stake SOV tokens for additional benefits, with Bitocracy voting planned for the future
• Participants in BOB Fusion Season 1 have had their deposits integrated into Sovryn AMM pools on BOB, with 50% allocated to their original token value and 50% in SOV tokens
• Claiming LP tokens before May 31 makes users ineligible for Extra Spice, and before June 30, for Rune points
• Those who deposited eSOV via Sovryn's referral link must bridge to BOB by May 16, to receive a 15% Spice bonus immediately and additional bonuses after 60 days of staking
Azuro x Chiliz
• @azuroprotocol and @Chiliz are teaming up to promote the use of on-chain sports prediction markets
• Azuro's platform will integrate with Chiliz to enhance sports prediction dapps
• A grants program is planned to encourage app development on their infrastructure, aiming to drive further adoption of on-chain prediction markets
Lagrange Raise
• @lagrangedev secured $13.2M in a seed round led by @foundersfund, focusing on hyper-parallel ZK Coprocessor and State Committee products for blockchain
• The hyper-parallel ZK Coprocessor aims to efficiently query on-chain data directly from smart contracts, unlocking new DeFi use cases. Lagrange also offers Lagrange State Committees (LSC) for optimistic rollup finality verification
• Lagrange plans to launch the ZK Coprocessor on Mainnet soon and expand its ecosystem through strategic partnerships
• Lagrange is the first ZK AVS on EigenLayer, with over $5B in total restaked ETH in the first 3 weeks
Introducing LDX Airdrop
• @lyrafinance introduced the $LDX airdrop where users can earn $LDX while trading, depositing and inviting friends to use Lyra. $LDX will be used as part of Lyra’s campaign to bootstrap liquidity for their new product, the tokenized derivatives yield on EigenLayer
• The airdrop uses a points system to distributed $LDX pro-rata in 4 week rounds. Users will have to deposit $25 into the protocol and have a valid invite code to start earning $LDX
• Additionally, a snapshot of $LYRA holders has been taken and all balances will convert 1:1 to $LDX. Post snapshot, the only way to earn $LDX is to trade, deposit and invite
Misc News
• @imgn_ai announces collaboration with @clustersxyz
• Claims for EigenLayer token open today and users will be able to delegate tokens to EigenDA operators
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*