GM Digest #337 — Not Much Today
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Asset Chain Testnet Live
• @xendfinance's Asset Chain is a new blockchain designed to tokenize, verify, and manage real-world assets on-chain
• The testnet for Asset Chain is live, enabling the community to experience tokenization and management of assets
• The chain features fast transactions and high scalability using the Lachesis consensus protocol. It's compatible with Ethereum, allowing developers to deploy smart contracts easily
• Validators on the chain earn rewards through a Proof-of-Stake mechanism, with 80% of rewards going to them and 20% to the Xend Finance Ecosystem Treasury. Transaction fees are paid in the native RWA token
• There will be incentives in the form of upcoming airdrops for early adopters, and bug bounties for users to take part in
ReactorFusion Incentives
• @ReactorFusionR are joining the $ZK and ZRO airdrop program and resuming external bribes with PancakeSwap as their new DEX partner to provide liquidity
• $RF bribes will resume in the next epoch, and supply and borrow rewards will shift from $RF to $ZK incentives for three months
• Additionally, new assets like native $USDC and $ZK will be listed
• The Telos Foundation helped secure liquidity after a recent exploit, and all $RF liquidity is stored on Telos. Once zkSync operations are stable, Telos liquidity will be restored and a new DEX partner announced
RED Tokenomics
• @ReDeFi_World is a Financial Market Infrastructure (FMI) platform designed to merge traditional finance and DeFi
• It operates a layer-1 blockchain with a layer-2 sidechain focused on scalability and privacy. The layer-2 sidechain, called ReDeFi Layer-2, enhances transaction throughput and introduces privacy features
• $RED is the main token for the ReDeFi Layer-2 sidechain, used for transaction fees. Total supply is 100,000,000 $RED at launch
• Holders can delegate $RED to validators or run their own validator nodes to secure the network
• 1% (1,000,000 $RED) will be airdropped to $BAX holders based on a random snapshot date. Remaining airdrop details will be announced later, with a 12-month release schedule for each airdrop
Light Protocol x Helius Labs
• @LightProtocol announced that they will be collaborating with @heliuslabs to introduce ZK Compression allowing for ZK compute on Solana
• ZK Compression compresses Solana’s account model and is powered by ZK. Only the state roots are stored on chain and the protocol uses zk proofing to ensure the validity of the state
• ZK Compression is currently live on Heliu’s public zk-testnet
Misc News
• @Eigenpiexyz_io to distribute $EIGEN tokens based on users' deposits of ETH and ETH LSTs. The distribution is proportional to both the amount deposited and the duration
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*