GM Digest #340 — Blast TGE
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Blast TGE Today
• The @Blast_L2 Airdrop and TGE are happening today at 10 AM EST, marking the end of season one
• 14% of supply will be airdropped to participants on Blast (7% points, 7% gold), while 3% will go to Blur Foundation to be distributed to $BLUR stakers and platform users. Top 1000 wallets will have 50% of their tokens vesting over 6 months
• When it comes to tokenomics there will be a 1B $BLAST supply out of which 50% is reserved for the community, meaning there will be multiple Blast farming seasons
• 25% of supply goes to core contributors and 16% to investors, who will have their tokens vesting over a 4 year period with 25% unlocking one year after TGE, and the rest vesting linearly
Mantle's Methamorphosis
• Starting Juy 1, @0xMantle will launch Season 1 of the "Methamorphosis" event, introducing two new tokens: $cmETH and $COOK
• $cmETH is a new Liquid Restaking Token evolving from $mETH, and $COOK is it's new governance token
• To participate, gather $mETH on partner protocols to earn Powder, which can be converted to $COOK. Existing $mETH positions will be indexed automatically
• The Mantle Rewards Station will also allow users to lock $MNT to receive future $COOK rewards
Solana Actions & Blinks
• @solana introduces 'Actions' and blockchain links (blinks) with the aim to simplify and broaden access to blockchain transactions across the internet, eliminating the need for dApps
• Solana Actions are APIs that facilitate blockchain transactions through various contexts like QR codes, buttons, and widgets on websites and apps
• Blinks are shareable links that trigger these actions, allowing transactions directly from URLs
• This integration improves UX by making blockchain interactions accessible from any platform, increasing Web3 accessibility, and simplifying on-chain transactions
Allora Funding Round
• @AlloraLabsHQ, formerly Upshot, raised $3 million in a strategic funding round for its decentralized AI network, Allora Network, ahead of its mainnet launch
• Allora Network aims to solve "siloed machine intelligence" by enabling machine learning models to collaborate, improving AI performance
• The network, built on the Cosmos stack, features sub-networks called "topics" and involves workers, reputers, and validators
• The mainnet launch is planned for this summer, and while a token is under consideration, no specific plans have been announced
Swarm Markets Tokenized Gold
• @SwarmMarkets introduced tokenized gold via NFTs
• Swarm Markets plan on allowing users to purchase NFTs that represent ownership of gold subject to KYC and AML policies. The physical gold will be custodied by @Brinks. The physical can also be redeemable by users
• The team announced that trading will go live later this week on Swarm’s secondary liquidity platform for block trading - the dOTC
Misc News
• @ZetaMarkets $ZEX airdrop claim starts on June 27
• @CamelotDEX is now live on the @reya_xyz Layer 2
• @ether_fi’s $weETH live on @Scroll_ZKP, can be bridged through Stargate
• @Superpositionso announced that their testnet is now live
• @opyn_ introduces Opyn Markets, it is Uniswap but for perps
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*