GM Digest #326 — zkSync Huge Airdrop
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
zkSync Airdrop / Allocation Checker
• 2/3rd of the Token will go to community — Check your eligibility HERE (No need to sign anything so it’s quite safe)
• 17.5% airdrop to 695,232 wallets, making this the largest distribution of tokens to users amongst major rollups
• There are two ways to qualify for the 17.5% airdrop:
→ Users (89%): ZKsync users who transacted on ZKsync and met a threshold of activity.
→ Contributors (11%): Entities who contributed to the ZKsync ecosystem and protocol through development, advocacy, and education.
OP Fault Proofs
• The @Optimism Stack has achieved Stage 1 decentralization with the introduction of permissionless fault proofs on the OP Mainnet
• This system allows ETH and ERC-20 token withdrawals without third-party involvement and enables any user to challenge invalid withdrawals. The Optimism Security Council can intervene if necessary, ensuring security during this rollout
• Fault proofs on the OP Mainnet will extend to other OP Stack Chains like Base, Metal, Mode, and Zora
• Today's launch is a significant milestone towards "multi-proof nirvana," supporting multiple proof systems, including zero knowledge proofs, to secure withdrawals
• In the coming months, additional proof systems like Asterisc and Kona will be tested to further progress towards Stage 2 decentralization
Sweepr LBP
• @sweepr_fi is launching its competitive governance platform for NFT communities with a Fjord Foundry liquidity bootstrapping pool starting Jun 17
• This LBP runs for three days to raise funds for initial liquidity, a tier 1 security audit, and treasury support. No VC rounds or pre-sales have been conducted
• Following the LBP, initial SWEEPR/ETH liquidity will be deployed on Uniswap V2 on Jun 21. The public release of the Sweepr dapp and LP staking will start on Jun 22, followed by $SWEEPR token emissions
• Community airdrop claims will be available on Jun 25, with eligibility details released the week before the LBP
Superseed Testnet
• @SuperseedXYZ has launched its testnet in phases, starting with Phase One where users are encouraged to bridge over to the testnet. Phase Two will introduce testnet partners and applications, with details of Phase Three to be revealed later
• Early users can gain hands-on experience, provide feedback, and earn rewards. To access the testnet, users can participate in a Layer 3 quest or follow the instructions they laid out on their socials for manual network addition and bridging
• Superseed is an Ethereum L2 with a built-in lending system. Its Proof-of-Repayment mechanism distributes a small percentage of the native token supply daily through auctions, with the stablecoin used in these auctions going towards repaying the debt of borrowers
• Additionally, the governance token of Superseed plays a crucial role by acting as supercollateral. Borrowers who maintain certain safety requirements can borrow against this token without having to pay interest on their loans. The ecosystem's fees are channeled into repaying the loans of supercollateral borrowers
• However, the testnet does not include Proof-of-Repayment or the CDP lending platform, which will come after the mainnet launch. A detailed roadmap will be released soon
PRIME Tokenomics Update
• @EchelonFND announced that the Echelon Foundation will be making adjustments to the “Founder $PRIME” token emission unlock schedule
• The changes are as follows:
⇢ Parallel Studios Treasury unlock schedule will be pushed out by one year to June 2025, concluding on December 2027
⇢ Parallel Founders unlock schedule will be pushed out by one year to June 2025
⇢ Parallel Founders unlock schedule will be extended by a year, which will change the end date of the Founder's unlocked emissions to December 2027
⇢ In addition to the 600,000 $PRIME that has already been locked for 3 years, the Parallel Founders will be extending their existing cached tokens in the Wayfinder caching smart contract until June 2025
• This change will align the Parallel Studios team, the $PRIME community and the Wayfinder ecosystem
Lido Introduces Vaults
• @LidoFinance announced that they are partnering with @mellowprotocol and @symbioticfi to provide stETH holders with access to advanced DeFi vaults including restaking
• stETH can now restake stETH, receive Mellow Vault LRTs, receive staking rewards, receive additional staking rewards based on Vault curator’s strategy and receive Mellow and Stmbiotic points
• At launch, there will be 4 different vaults curated by Steakhouse Financial, P2P, MEV Capital and Re 7 Labs
Gnosis Massive Buyback
• @GnosisDAO’s proposal was passed to perform a total of $30 million in GNO buybacks over six months
• $GNO did not spike much in price action (yet)
Misc News
• @particle_trade Duo ETH and Duo $USDB pools are live on @hyperlockfi
• @PancakeSwap received a 450K $ARB grant from @arbitrum, and will distribute it to LPs over the next 12 weeks
• @tapioca_dao LBP is live
• @ionet announced that $IO is live on @binance*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*