GM Digest #325 — fLayer | Synternet | Seraphnet
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Introducing ƒlayer
• @FlayerApp aims to create sustainable liquid markets for NFTs. Current solutions like NFTX and Blur have limitations, such as volatile prices and reliance on incentives. ƒlayer addresses these issues with several notable features:
• First, with "Liquid Listings", sellers receive an ERC20 token at floor value immediately, and the remaining value is realized when the NFT is sold. "Liquid Auctions" operate similarly, but the remaining value is sold via Dutch auction
• "Trade-Ups" allow users to trade multiple floor NFTs for a rarer one, priced in floor token multiples. "The Lockbox" feature lets users deposit an NFT to receive an ERC20 token, which earns variable interest while the NFT is not for sale
• Additionally, arbitrageurs can re-list assets without buying them, enabling efficient repricing and providing revenue for appraisers. Finally, users can reserve items in the pool by putting up collateral and paying interest, helpful for short-term liquidity needs or upcoming events
• ƒlayer leverages Uniswap V4 to enhance liquidity and offer unique benefits for LPs and users. LPs can earn yield by providing floor liquidity directly to Uniswap V4 pools. Additional protocol revenue from fees (Liquid Listing, Liquid Auction, Lockbox) is sent to these pools using the donate() method, offering a source of yield beyond swap fees
• On top of that, ƒlayer will generate additional yield from circulating ETH using Geode’s LST infrastructure and Uniswap V4
Introducing Synternet
• Syntropy has recently rebranded to @synternet_com, highlighting their goal to integrate disparate blockchains into a synchronized, interoperable network
• Synternet's Data Layer is a protocol that serves as a customizable execution layer between all blockchains, enabling developers to build applications that can use data from any chain
• Upcoming milestones include the launch of the Synternet blockchain on mainnet, and a token bridge between Ethereum and Cosmos
• Tokenwise, the protocol's native token remains with the same ticker $NOIA and there are no changes in the tokenomics
Introducing Serphnet
• @seraphnet is a platform for generative AI applications that aims to provide comprehensive, ideologically-transparent data
• It addresses the limitations of current AI systems by using a decentralized network of customizable AI apps called Clearpills, managed by a Swarm Manager. These apps work with multiple Large Language Models and utilize RAG technology for accurate data validation
• Incubated by @zero1_labs, they are currently developing its Proof of Concept, set to launch in May, featuring a Clearpill text-based AI app
• Future plans include creating more specialized Clearpills, expanding data sources, and increasing LLM compatibility
Polyhedra Staking Live
• @PolyhedraZK announced that the Polyhedra Staking Program is now live
• This will be a 4 week staking program where users can stake $ZK in exchange for Staking Power. Rewards will then be paid out to users based on the ratio of each users’ Staking Power to the total Staking Power by all users
• There are over $1m in rewards to be earned by users and the rewards are earned in $ETHFI, $CYBER and $ID tokens
• Users can currently earn 211% APR on the website
Introducing ZK Nation
• @TheZKNation introduces ZK Nation, a community which ams to govern, defend and grow the ZKsync protocol
• ZKsync will implement a governance system that empowers ZK Nation to drive the continuous development of the ZKsync protocol. Protocol token holders will be able to introduce proposals and vote on protocol upgrades and network parameter changes
• The ZKsync governance system is made up of the Token Assembly, Security Council and Guardians. The Token Assembly includes token holders who delegate their voting power and are represented by delegates who receive voting power. They propose, deliberate and ratify initiatives that govern the ZKsync protocol. ZKsync Guardians will be able to veto and approve emergency actions related to the ZKsync network
• Lastly, the Security Council is a group of highly technical and skilled engineers, auditors, and cybersecurity professionals that safeguard the ZKsync protocol and network technical security. They will have the power to freeze the ZKsync protocol, or part thereof, in response to imminent or active security threats, such as critical bugs or exploits for various periods of time, and submit necessary time-sensitive protocol upgrades
Misc News
• @berachain announced that their Public Testnet bArtio B2 is now live
• @nillionnetwork announced that they will be having a Community round on @CoinList
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*