GM Digest #335 — Maverick v2 | Blonkfi
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Maverick V2
• @mavprotocol's v2 introduces $veMAV, a non-transferable governance token for users who stake $MAV tokens
• The $veMAV balance, which determines voting power in governance and incentives, is based on the amount and duration of MAV staked
• $veMAV holders can direct vote-matched emissions to Boosted Positions, increasing rewards for LPs
• $veMAV holders can delegate their tokens to a bribe market to optimize voting across incentive platforms, earning extra rewards from bribes
• LPs with $veMAV balances get up to a 20% boost on their rewards from vote-matched emissions. Staking $MAV emissions from Boosted Positions further increases this boost
• Leftover $MAV emissions are available quarterly to $veMAV holders, who can claim extra token rewards. This system can also be used for additional incentive initiatives
Introducing BlonkFi
• @BlonkFi is a money market protocol on the Solana blockchain that lets users collateralize volatile assets like memecoins to borrow stablecoins
• This helps unlock the liquidity of memecoins, a $46 billion market, without needing to sell them
• BlonkFi uses two main risk management modules. Moon Module: Provides downside protection through put options, reducing liquidation risk and increasing capital efficiency for borrowers. It also benefits lenders with higher yields and partner foundations with additional revenue. Throttle Module: Adjusts borrowing rates to maintain balance in the pools and prevent dominance by large wallets.
ZKX TGE
• @zkxprotocol is launching its $ZKX token after two years of development, and achieving a $2.3B traded volume and 25k+ accounts
• The TGE includes the token's listing on KuCoin, Gate.io, and Bitget from Jun 19, alongside an airdrop for eligible users, and a staking mechanism from the get go
• At launch, 33% of the $ZKX supply will be unlocked. The token will be available on Ethereum and Starknet
• Future plans include expanding ZKX to other L1s and L2s, enhancing derivatives trading with a social experience, and introducing group trading, copy trading, and prediction markets in 2024
• ZKX is a social perp trading platform on Starknet
Binance Introduces HODLer Airdrops
• @binance announced that they will be launching HODLer airdrops to BNB holders
• Users who subscribe to Simple Earn using BNB will receive airdropped tokens issued by projects with a large token circulating supply that intend to soon list on Binance
• Snapshots of user balances will be taken at multiple times every hour to get the average user balances. Users will also have to complete KYC to be able to participate
Introducing Nexus 1.0 Machine
• @NexusLabsHQ introduced the Nexus 1.0 machine scaling ZK to 1 trillion Hz of compute capacity
• The Nexus Project scales verifiable computation and presents a highly parallelized zkVM execution system and a highly modlar zkVM architecture
• Nexus 1.0 is fully open source and the team welcomes integrations, extensions and open-source contributors
Misc News
• @TraderJoe_xyz announces integration with @HoudiniSwap
• @plumenetwork, a Layer 2 blockchain focused on tokenizing RWAs like real estate and art is integrating with @CelestiaOrg
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*