GM Digest #328 — Mich Rekt | TON Peak Performance | Solana Restaking
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Curve Founder’s Loan Liquidated
• $100m worth of Mich’s loan (backed by $140m in $CRV) has been liquidated
• Mich has borrowed from Inverse, UwU Lend, Fraxlend and Curve's LlamaLend using CRV tokens as collateral. Total holdings across tracked wallets are down 50% in the past 24 hours
TON Overperformance
• @ton_blockchain continues to gain traction on both TVL & Price fronts, garnering more than 2x gainz in TVL during the past 30 days (currently $560m+ TVL)
• Price is now $7.85 — MC is $19bn up 23% in the past 14 days despite the shaky down market
• TON daily active users have recently surged and surpassed Ethereum — this is likely attributable to the recent integration of USDT (Tether), the 900m users on Telegram, and the rise of NOTCOIN game which attracted more than 35m signups for the game
Introdcuing Solayer
• @solayer_labs is offering a restaking network on Solana designed to support on-chain dApps by ensuring secured block space and prioritized transactions
• When users deposit Liquid Staking Tokens (LST) or SOL, they receive Solayer assets
• These assets can be pledged to secure additional networks, with user able to select node operators to manage their restaking portfolios, represented by unique NFTs
• The unbonding process is flexible, with no lockups for Solayer assets and a maximum unbonding period of 2 days for AVSs
• Rewards are tracked offline, and additional server signatures enforce deposit limits in the initial epochs. For native SOL restaking, SOL is converted to an intermediary form (sSOL-raw) and then to sSOL, all executed non-custodially in a single transaction
Sanctum Token Launch
• @sanctumso will launch the $CLOUD token using the LFG launch pool with a starting price of $0.001
• To prevent bot sniping, there is the Alpha Vault, where anyone can deposit USDC beforehand and receive tokens proportionally with a discount, but also with a lockup period (TBC)
• The vault has a cap and offers a 50% discount on the initial spot price. The maximum price for LFG participants will be $0.50, while vault buyers will pay a maximum of $0.18
• $CLOUD is the platform's native utility token. Partners are required to stake $CLOUD to join the Sanctum Verified Partner program
BLASTR Refundable NFTs
• @blastr_xyz introduces refundable NFTs on Blas L2, combining ERC721 standards with refundable features
• These NFTs lock a specified amount of ETH during minting, which collectors can reclaim after a set period or keep as NFTs
• For collectibles and art, refundable NFTs allow teams to secure ETH in their contracts, generating annual yield. Holders can refund their NFTs if they are dissatisfied or uninterested, while teams can encourage upgrades by adding value to the NFTs
• Refundable NFTs also enhance subscription-based services by allowing subscribers to lock value into NFTs, and fit well with gaming, where refundable NFTs can represent rare in-game assets that can be refunded after players achieve specific milestones
Introducing Biconomy DAN
• @biconomy introduces the Delegated Authorisation Network (DAN) built with @silencelabs_sl and leveraging on @eigenlayer’s economic security. With DAN, users are able to securely delegate to AI Agents to authorise transactions on behalf of the users
• DAN empowers AI projects to generate off-chain authorisations within tens of milliseconds, within permissions that are programmable, without transaction fees and in a non-custodial way
• DAN is able to enable AI Agents to execute transactions on user’s behalf securely via distributing the Auth key shared across the AVS nodes. Once the AI sugests an action, each node validates if it is within the permissions scope. If threshold number of nodes verify, DAN generates the off-chain authorisation
Misc News
• @beefyfinance introduced Cowcentrated liquidity (Automated Liquidity Management for v3)
• @OrderlyNetwork shared airdrop allocation checker HERE
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*