GM Digest #308 — LP AI Agent
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Cedro Finance LP AI Agent
• @cedro_finance introduced The Intelligent Layer, leveraging AI agent
• Cedro creates a marketplace for LP Intelligent Agents with varying risk profiles and strategies. For LPers, you can choose AI agent with your risk profile that will manage the LP for you
• For AI agent, you need to put on a bond to participate in the marketplace and act under a constrained set of parameters provided by the protocol (in order to mitigate counterparty risk). No further details on incentives of an agent has been shared yet
• Full article Here
Introducing Soul
• @0xSoulProtocol is a new platform for cross-chain lending and borrowing that connects various lending protocols and blockchains, such as Aave and Compound, without using asset bridging or synthetics
• It utilizes LayerZero for smooth cross-chain communication, allowing native assets to be lent and borrowed across chains
• Soul's first version will be permissionless, censorship-resistant, and include fallback mechanisms for redundancy, supporting many DApps
• A working prototype has been developed, with more details to come in the first protocol update
Stargate v2
• @StargateFinance V2 is launching with new liquidity pools and incentives on May 27, at 12:00 PM UTC, and bridging will be enabled on May 28, at 12:00 PM UTC
• There will be a 24-hour liquidity migration period starting May 27 to ensure deep liquidity. V2 pools will be available at Stargate Finance https://stargate.finance/pool, where users can deposit liquidity and earn incentives
• The V2 codebase has been audited, and there's a proposal for a $10M Bug Bounty Program. V1 pools will wind down their incentives, and developers are encouraged to migrate their applications to V2
Introducing Splice
• @splice_fi, a fork of Pendle Finance on @ModeNetwork, enables splitting yield-bearing assets like ezETH into Yield Tokens (YTs) and Principal Tokens (PTs)
• Users can earn yield with YTs or buy discounted PTs redeemable for ezETH at expiry. Liquidity providers can earn extra fees and points
• What unique about Splice is that a global point multiplier is introduced with MODE-YTs, boosting points efficiently. As a reminder, in Season 2 5% of MODE’s total supply will be dropped
• Note that while earning all the rewards mentioned above, you are also earning Splice points on top. Also there will likely be an airdrop of Splice points to Pendle holders as well
Orchestration Layer
• @nillionnetwork's Orchestration Layer, a privacy toolkit for devs, aims to improve internet privacy by combining different cryptographic techniques like MPC, FHE, and ZKPs
• The Orchestration Layer evolves through four levels: starting with basic integration of cryptographic protocols, advancing to more intelligent, automated selections, and ultimately reaching a stage where developers can focus on data privacy without needing deep cryptographic knowledge
• Nillion's Blind Computation technology is set to become a foundational layer for internet privacy, attracting interest from various sectors like AI, DeFi, and medical data
Introducing ether.fi Cash
• @ether_fi introduced ether.fi Cash, a mobile wallet and Visa credit card
• Using the card borrows USDC against the users’ ether.fi assets or swaps them into USDC. Users can also use rewards from Stake and Liquid to pay off balances
• Card pre-orders will be available in July and shipped for use in September
Misc News
• @shufflecom announced that they have burnt a total of 2,948,364 $SHFL
• SankoCorp’s SankoPet Bun FP is now 5.6 DMT (from 3 DMT mint price) — $DMT now worths $150
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*