GM Digest #309 — Linea Growth | Phantom Liquidity
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Linea Parabolic Growth
• @LineaBuild has grown 64% in TVL over the past 7 days (currently $760m TVL) following the announcement of Linea Surge — Volt 1 on May 17th
• Linea Surge is a points-driven program that provides you with LXP-L tokens for having assets on Linea & deploying it to the DeFi protocols
• Linea Surge program started with Vol 1 which has the biggest LXP-L. Each subsequent Volt will reduce the LXP-L by 10%
• One of the best farming opps right now are
@zerolendxyz — Lending ezETH (Renzo) gives off 2x boosters on ZERO, LXP-L (Linea), 2-6x ezPoints, 1-3x EL Points. Inception inETH is offering pretty juicy APR with 21% with 10-20x Inception Totem as well
• Good to note that you’ll earn more incentives if you’re a member of “Turtle Club”. To join head to their website, connect and sign your wallet and you’ll be a full fledged member (READ BELOW FOR INFO ON Turtle Club)
Introducing Turtle Club
• @turtleclubhouse is a “Phantom Liquidity Protocol” It opens up backroom liquidity deals to every Turtle.Club LP, collectively enhance liquidity utilization, returns, and security while fostering sustainable growth for favored protocols
• Wat mean? Turtle Club partners with Defi projects → routes liquidity to these Defi projects → In exchange, TurtleDAO build its treasury of bonus & reward tokens from partner defi projects and redirect some of these back to Turtle Club members
• Turtle Club has partnered with Linea for Linea Surge program, that’s why in every major Linea protocols, you’ll see Turtle Club members exclusive rewards & incentives
• Read HERE for more details on Turtle Club gitbook. Pretty interesting
Introducing Usual
• @usualmoney is a protocol with a redistributive model focusing on three main components: Liquid Deposit Tokens (LDT), Liquid Bond Tokens (LBT), and the USUAL token
• Liquid Deposit Tokens (LDT): Users deposit assets to receive LDT, which represent their claim on the deposit and can be redeemed anytime
• Liquid Bond Tokens (LBT): Users can convert LDT to LBT, which locks the underlying asset and earns rewards • $USUAL Tokens: These are the primary rewards, providing governance rights and protocol revenue, with a deflationary model • Usual's deflationary model rewards early adopters; fewer tokens as TVL increases. $USUAL acts as a governance token, allows participation in decisions, and staking generates yield. Additionally, 90% of tokens go to the community, limiting insiders to just 10% • $USD0 is the first LDT by Usual Protocol, designed as a stablecoin backed 1:1 by real-world assets with short maturity. Key benefits of $USD0 include real-time transparent reserves, backed by US Treasury Bills, and unified liquidity
Anzen's Stablecoin
• @AnzenFinance introduces $USDz, a stablecoin backed by institutional-grade Private Credit, allowing access to the $7 trillion Private Credit market
• $USDz is an on-chain dollar backed by overcollateralized real-world assets (RWA), permissionless, composable, and stakeable for rewards, usable across DeFi platforms
• Backed by a diversified portfolio of institutional-grade private credit securities with protective traits like collateral and covenants
• $USDz is always backed by at least 1 USD of RWA collateral. Tradable on DEXs and kept stable around 1 USD through arbitrage
• Currently, you can earn "z-points" by minting USDz with USDC, holding USDz, providing liquidity to USDz/USDC pools on @AerodromeFi, locking LP tokens, or staking USDz. Initial minting is capped at $1 million USDC, with plans to gradually increase
RWA Layer 2 is Live
• @real_rwa is a permissionless Layer 2 for tokenized RWAs like properties and commodities. It uses Arbitrum Orbit technology, and is powered by Gelato’s Rollup-as-a-Service
• re.al supports a modular ecosystem for building and investing in DeFi products and services, and is compatible with existing smart contracts
• $RWA is the Governance token. Users locking $RWA into $veRWA receive a share of chain revenue. It has capped supply at ~33.3 million with deflationary mechanisms in place
• Note, the $RWA token is a migration from $TNGBL. Details on $veRWA airdrop for active chain participants will be revealed soon
Bancor Concentrated Liquidity
• @Bancor announced that their Concentrated Liquidity 2.0 is live on @ethereum, @base, @FantomFDN, @0xMantle and soon @SeiNetwork
• With @CarbonDeFixyz, Bancor’s Concentrated Liquidity 2.0 features:
⇢ Auto-compounding capabilities
⇢ Simpler way to rebalance positions
⇢ No tick constraints
⇢ Network wide liquidity
⇢ 2x gas efficiency
• @CarbonDeFixyz’s order-book like feature also offers different strategies such as limit orders, range orders, recurring orders and “overlapping” concentrated liquidity
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*