GM Digest #296 — TON Hype
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
TON Network Hype
• @ton_blockchain has grew its TVL by 80%+ during the past 30d. The chain has seen more buzz , mentions on CT, and increase in $TON price after the Largest Investment ever made by @PanteraCapital
• In March 2024, TON has unveiled The Open League campaign that has more than $124m in rewards to developers & users
• The most notable Defi dApps to keep an eye on are LST for TON — @tonstakers & @bemo_finance.
• Users can earn between 3% - 4% in APY for TON staking. On top of this, users can earn stXP on Bemo, which stXP holders will share a $BMO token pool of up to 20% of the total token supply
Introducing Arkto
• @ArktoNFT brings ERC-404, an EVM-compatible token standard merging ERC-20 and ERC-721 functionalities, to Berachain. ERC-404 allows for semi-fungible tokens, enabling fractional ownership and liquidity in the NFT market
• $ARKTO utility involves staking rewards, native liquidity, and airdrops from partner projects like Bera Bonk, Bera Reserve, and Bera Plug. Additionally, NFT stakers receive $YEET token rewards, and lending/borrowing opportunities
• The $ARKTO Flywheel on Berachain utilizes Yeet, Beraplug, and Beradrome. It includes LP pools for ARKTO/BERA, ARKTO/PLUG, and ARKTO/YEET tokens, fueled by Arkto's NFT liquidity
• The $ARKTO tokenomics outline a total supply of approximately 5555 tokens with around 3000-3500 NFTs will in circulation at launch, and 1500 reserved for bribes in liquid staking protocols on Berachain
Seamless Airdrop
• @SeamlessFi announces a Community Governance Airdrop funded by unclaimed $SEAM from the Genesis Airdrop
• The airdrop totals 39,624.03 $SEAM and benefits 6,170 eligible wallets. Distributed directly to users in $esSEAM, no manual claiming is required
• The initiative aims to reclaim unclaimed SEAM, convert it to esSEAM, and distribute it to top governance contributors
• Participants were chosen based on their involvement in governance and Galxe campaign participation. The airdrop rewards both delegated voters and voters
• $SEAM is the governance token of Seamless Protocol, the first lending and borrowing platform on Base
Kelp's Mega Million
• @KelpDAO's Mega Million Marathon rewards restakers with over $1 million across multiple incentives like cash rewards, ARB and OP tokens, SD tokens, EigenLayer Points, and regular incentives
• Rewards are distributed based on restaking with Kelp and vary depending on asset choice and network
• The campaign runs for two weeks, starting May 7. Rewards come from Kelp DAO treasury, ARB and OP token grants, and SD tokens from Stader Labs. EigenLayer Points and regular incentives are also part of the rewards
Introducing L3
• @layer3xyz is an omnichain identity and distribution protocol. Layer3 helps projects to reach and build communities and issue value to users who contribute to growth. Users will be able to discover protocols and earn via perpetual incentives, pre-token networks and a unified cross-chain identity
• The team announced $L3, the protocol governance and utility token powering the Layer3 ecosystem. There will be a total supply of 300,000,000 tokens with 51% of the supply allocated to the community. The initial airdrop round will be 5% of the total $L3 supply going to early adopters and CUBE minters
• The proposed utility for $L3 is for staking incentives allowing users to earn reward multipliers while accessing the Layer3 Launchpad. The token will also be used for governance
MASA Airdrop Live
• @getmasafi is a decentralized AI Data and LLM Network
• The team announced that the MASA initial token airdrop redemption is now live and eligible users who chose their token reward bonus and lock-up period, can now claim the initial 20% of their airdrop on Base
Misc News
• @LineaBuild paused the distribution of LXP due to sybil activity
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*