GM Digest #339 — Infrared | SSV Incentives | Sanctum
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Binance x Infrared
• @BinanceLabs has invested in @InfraredFinance, a protocol designed to facilitate easy access to Berachain’s Proof of Liquidity (PoL) mechanism
• Infrared aims to enhance the Berachain network's value by offering user-friendly liquid staking solutions for its Governance Token ($BGT) and Gas Token ($BERA)
• With this funding, Infrared plans to improve network security, efficiency, and user experience, as well as develop liquid wrappers like $iBGT and $iBERA
SSV Incentives Revamped
• A recent DAO proposal has revamped the @ssv_network Incentive Program, tripling the rewards and increasing eligibility for up to 100,000 validators
• The program aims to reward early users of the SSV protocol to promote Distributed Validator Technology (DVT) usage
• Validators on SSV are rewarded based on their online days through monthly snapshots, using on-chain merkle proofs and claim contracts
Sanctum Profiles
• @sanctumso has launched Sanctum Profiles in beta, which are digital identities within the Sanctum eco, available to everyone
• You can create a profile by visiting their site, connecting your wallet, and linking your socials
• These profiles will be important for the upcoming $CLOUD launch and aim to help users build their reputation in the community
• Profiles are currently private and in beta, with improvements to come based on user feedback. Users have until Jul 1 to complete their profiles before they are temporarily locked for the $CLOUD launch
Introducing the Bazaar
• @nodekitorg introduced The Bazaar, a sovereign rollup with Celestia underneath purpose-built for onboarding native USDC and TIA
• The Bazaar is built using @Rollkitdev in collaboration with @noble_xyz to onboard native USDC and TIA to NodeKit’s network of composable chains
• Users will now be able to transact using native USDC and devs can launch composable, sovereign rollups with @CelestiaOrg underneath that access native USDC and TIA
Misc News
• @hyperlane integrates with @fraxfinance’s Fraxtal chain
• @sweepr_fi $SWEEPR LBP is now live on @FjordFoundry
• @Uniswap adds limit order feature
• @azuroprotocol announced that their prediction markets will soon have political and social events
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*