GM Digest #320 — Tapioca Finally Launching After 420.69 years
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Swell Token Soon
• @swellnetworkio $SWELL TGE is imminent. The protocol will be transitioning to decentralized governance, with the launch of the $SWELL token and Swell DAO
• Governance power will gradually shift from core contributors to $SWELL token holders. $SWELL tokens will govern the protocol and secure Swell L2's infrastructure services
• Tokens earned through "The Voyage" campaign will be distributed linearly, with boosts for long-term community members
• Swell DAO will manage this transition in three phases: Phase 0.1 (Setup): Opening governance channels and enabling snapshot voting at token launch. Phase 1 (Light Governance, late 2024): Community-elected working groups will take on decision-making roles. Phase 2 (Mature Governance): Fully decentralized governance with on-chain voting and smart contract rules
Nubit Raise
• @nubit_org, a blockchain scalability firm, raised $8M in a seed round led by @polychain, bringing total funding to $12M
• Nubit aims to create a secure and scalable data availability layer for multi-chain ecosystems, supporting applications in AI, SocialFi, and GameFi
• Nubit uses Bitcoin's economic security and ZK proofs to enhance scalability and trust. Additionally, it can integrate with major Layer 2 frameworks and multi-chain ecosystems, providing a secure data availability layer
• Nubit has collaborated with Babylon, BounceBit, Unisat, and Merlin Chain, and is developing a trustless execution layer for Bitcoin meta-protocols. Recently, they extended support to frameworks like Polygon CDK and Arbitrum Orbit
• The Nubit Alpha Testnet will launch in June, leading to the mainnet launch later this year
Blueberry Raise
• @blueberryFDN raised $2.5 million in a Series A round led by @WhiteStarCap and @varyscapital, with participation from several other investors
• Blueberry offers up to 20x leverage on select DeFi strategies, and currently holds TVL of over $6.5M. Recently new DeFi strategies have been added with partners like Redacted Cartel and Curve
• The funding will enhance the protocol's security as Blueberry v2 is developed, expanding utility for the $BLB token and extending to chains beyond Ethereum
• $BLB tokens will soon be available through a Fjord Foundry liquidity bootstrapping pool
Tapioca Genesis
• @tapioca_dao announced that they will be launching their $TAP token via LBP auction on June 11
• Upon completion of the LBP auction, users can claim and exercise any Option Airdrop they qualified for. The Option Airdrop will allow users to purchase $TAP at a significant discount
• There will be 4 phases of the Tapioca Option Airdrop enabling users to purchase $TAP below it’s prevailing market value
Misc News
• @synonymfinance is live on @Scroll_ZKP, allowing for simultaneous farming of BIPS and Marks
• @revertfinance has launched a points system. Users who have previously used Revert's tools already have points. You can earn more points by using Revert for various activities like creating positions, deposits, withdrawals, and more. There is a 1.5x point boost in phase 1
• @Karak_Network announced that they are expanding to @Arbitrum
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*