GM Digest #311 — Taiko is Live, Sei v2 also Live
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Taiko Live on Mainnet
• @taikoxyz has officially launched on the Ethereum mainnet after two years of development. Ethereum co-founder Vitalik Buterin proposed the inaugural Taiko block, emphasizing the importance of Taiko's approach to Ethereum's Layer 2 solutions
• Taiko deployed its Based Contestable Rollup (BCR), which combines based sequencing and a contestation mechanism with multi-proofs. This technology aims to significantly improve Ethereum scaling
• The Raiko system allows for multiple proof submissions and contests, enhancing security. Currently, Taiko supports SGX proofs with speeds similar to optimistic rollups and plans to add more validity proofs in the future
• You can start using Taiko now and bridge ETH using the official bridge. Note that withdrawing ETH/WETH/USDC/USDT back to Ethereum has quota controls, meaning you might have to wait if there's not enough quota atm
• They plan to launch a DAO and transfer protocol control to Taiko tokenholders later this year, with the token launching a few weeks after mainnet launch
Synonym x Turtle Club
• @synonymfinance is partnering with @turtleclubhouse to boost liquidity for it's cross-chain native markets
• Turtle Club's phantom protocol democratizes liquidity deals without counterparty risk, benefiting Synonym users with a 30% boost in rewards. This includes more $SYNO, $ARB distribution, $W distribution, and enhanced yields via $vlSYNO
• Turtle Club's modular approach rewards LPs with boosted emissions from Turtle Partner Protocols, enhancing security and opportunities in DeFi
YZone Vaults
• YZone Vaults on @blastozone are a yield aggregator offering various risk/reward vaults designed to optimize staking rewards
• They automate the process, maximizing returns and allowing users to invest in IDOs using generated yield, thus not risking their capital
• By staking in YZone you also earn Blast Points for airdrop claims and Blast Gold, which is distributed based on TVL
TAOBOT x Manifold
• @taodotbot announced their partnership with Manifold Labs, Subnet 4 on the Bittensor protocol
• The team announced the integration of TARGON, a tool for the redundant deterministic verification of LLMs. With TARGON, users can confirm that text generated by a model is authentic, ensuring the responses you receive from an LLM are truly generated in response to your prompts and not reproduced through other means
IntentX ICO Final Day
• @IntentX_ has begun their ICO on @MobyHQ on May 25 with the ICO price for Whitelist and Early Access being $0.50
• Their Public Phase ends in about 8 hours and users can participate by contributing USDC for $INTX. The ICO price for $INTX for the Public Phase is $0.7
• Users can participate on Mantle and there is a max cap of 10,000 USDC per wallet
Misc News
• @VelodromeFi expands to @Metal_L2 in their effort to become the Superchain’s liquidity hub
• @monprotocol announced that $MON is now live
• @BadgerDAO announced that there is extra 11 stETH in rewards offered by @LidoFinance
• @SeiNetwork the First Parallelized EVM is live
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*