GM Digest #342 — MegaETH
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
MegaETH Seed Round
• @megaeth_labs’ MegaETH aims to be the first real-time blockchain, enabling transactions at 100,000 per second with millisecond responsiveness
• It uses a heterogeneous architecture and optimized EVM environment to maximize performance
• They have raised $20 million in a seed round led by @dragonfly_xyz, with participation from @FigmentCapital, @robotventures, @FoliusVentures and angels like Vitalik Buterin, Joseph Lubin, Sreeram Kannan, and Cobie
• The public testnet launches in early fall, inviting builders to create advanced, real-time applications. The whole process will be kickstarted with MegaLabs' "MegaMafia" program that supports innovative dApps development
Abstract Chain
• @IglooInc., the organization behind @pudgypenguins, has successfully brought Frame into the fold to participate in the @AbstractChain initiative
• This transition marks the end of Frame and the beginning of Abstract, which will utilize advanced ZK cryptography and EigenDA for secure, fast, low-cost development
• AbstractChain focuses on consumer crypto, aiming to lead in culture, community, and creativity onchain
• Those with frame claims will be rewarded under Abstract's upcoming system. More info will be provided soon
Bluefin's TGE
• @bluefinapp's latest proposal introduces the $BLUE token, marking the first steps toward decentralization
• The token generation event (TGE) will distribute $BLUE with a max supply of 1 billion and an initial circulating supply of 116 million
• Investors and the team have a 3-year vesting period with a 1-year lockup, while the ecosystem and community have a 5-year vesting period
• The primary utility of $BLUE at launch is to drive protocol governance. Voting power is based on locked tokens, with a process starting in the forum and moving to on-chain votes
• Community members can acquire $BLUE by engaging with the protocol. An airdrop will distribute 13% of the total supply to early participants and new users, with specific vesting schedules
Misc News
• @CantoPublic $cNOTE is coming to Arbitrum on @camelotdex
• @yearnfi introduces auto-rolling yPT strategies for @pendle_fi
• @CIAN_protocol announces partnership with @Symbioticfi
• @RenzoProtocol introduces pzETH which stacks Symbiotic, Mellow and ezPoints
• @SharpeLabs launched Sharpe DEX — Ultimate Aggregator of DEX Aggregator (think Llamaswap)
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*