GM Digest #297 — Wtf Are These Projects?
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Introducing WorldPvP
• In @worldpvpco, 211 countries compete to have the highest market cap for their coin in a 30-day period
• The winning country unlocks a nuclear missile to rug another country's liquidity. The president, chosen by the top token holder, decides the target
• Half of the ETH pulled from the rug goes to buybacks of the winning country's tokens, while the other half goes to a random country
• Each country has its own ERC-20 token. Liquidity is provided through a bonding curve system. Tokens are deployed to Uniswap v2 once the market cap reaches $333k USD
• World PvP also has token gated country-specific chat rooms for in-game communication, and fostering strategic interactions
Introducing YieldNest
• @YieldNestFi is a liquid restaking protocol simplifying restaking strategies for users. It offers nLRT and LRT-based products with easy-to-understand, risk-adjusted returns
• YieldNest carefully vets and categorizes supported services, minimizing risks for restakers. Key features include isolated deposit pools, transparent curated service baskets, and independent risk monitoring
• YieldNest offers Liquid Restaking Tokens (LRTs) and native Liquid Restaking Tokens (nLRT). nLRT, like ynETH, allows direct staking of ETH into EigenLayer without acquiring LSTs. ynETH is YieldNest's flagship nLRT
• YieldNest's $YND tokenomics involve backing $YND with YND:ETH LP tokens. Users can provide liquidity on DEXs and stake LP tokens to earn $veYND tokens for governance. Longer lock-up periods yield more. $veYND holders get ~10% of protocol revenue
• Mainnet launches today, May 13. Early adopters get a 5x boost for the first 7 days, including a permanent 15% Seed boost for restaked ETH in the Pioneer Program
Ambient x Omni
• @ambient_finance is aiming to evolve into a global application with the help of @OmniFDN, a platform that integrates rollups across Ethereum
• This integration allows Ambient to function as a single app across multiple networks, improving liquidity and user accessibility
• Omni's minimal integration requirements and low latency enable quick expansion and enhanced capital efficiency for traders and liquidity providers
DRIFT Airdrop Launch
• @DriftFDN revealed their $DRIFT Launch Airdrop with claims going live on May 16
• The team will be airdropping 12% of the total supply to eligible users. There is also a Bonus Allocation Mechanism which aims to reduce network congestion while rewarding patient users
• The initial allocation is available at launch while the bonus allocation unlocks linearly over 6 hours. Vesting will start at launch and will be stopped when claimed
RBN <> AEVO Conversion
• @aevoxyz announced details of the $RBN top $AEVO conversion where $RBN holders will be able to swap 1:1 to get $AEVO
• Users will be able to convert their $RBN directly from the Aevo DApp. They will also be able to select the amount to convert and users will automatically receive the tokens in their wallets
• The team also hints of new products and partnerships they have been working on for the past 2 months
Misc News
• @PrimordialAA reveals up to 100,000 self reported Sybil addresses so far
• @pear_protocol public beta is live. 350,000 $ARB incentives for traders
• @KelpDAO partners with @PlanarFinance to bring $rsETH to Blast
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*