GM Digest #344 — Dusk Mainnet
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Dusk Mainnet
• The @DuskFoundation announced that Dusk mainnet will launch on Sep 20. Their focus is on privacy, compliance, and real-world assets
• This launch includes enhanced features like rewarding voters for block participation, a decentralized wallet and block explorer, and support for third-party smart contracts
• Regulatory updates led to Phoenix 2.0 for privacy-preserving transactions and Moonlight Shard for compliance with centralized exchanges
• The mainnet aims to create a compliant, privacy-friendly blockchain, with ongoing partnerships and developments to support asset tokenization, post-trading, and settlement operations
Canto NOTE Expansion
• $NOTE, @CantoPublic's native stablecoin, is expanding beyond the Canto network to other protocols and chains using LayerZero V2
• $NOTE is overcollateralized by real-world assets and can only be borrowed, not created. Users earn yield through $cNOTE, which can now be utilized on various DeFi platforms
• Expansion methods include ASD, enabling protocols to create their own yield-bearing stablecoins, and $cNOTE OFT, allowing users access to yield-bearing RWA stablecoins
Black Panther Buybacks
• @BlackPanther_Fi proposes allocating 100% of protocol revenue to $BLACK token buybacks for the next three months
• Currently, revenue is split between buybacks, vault incentives, and rewards for $BLACK stakers
• The new strategy aims to increase token price by reducing circulating supply. After three months, the community will vote on further actions
• Black Panther is an asset management platform building on @injective
Introducing pzETH
• @RenzoProtocol introduces pzETH, Renzo’s LRT on @symbioticfi in collaboration with @mellowprotocol
• Users can now restake their stETH, wstETH, wETH and ETH for pzETH. pzETH allows users to get risk-adjusted restaking rewards on Symbiotic while earning Symbiotic, Mellow and ezPoints
• Users can restake on the Mellow dApp and deposits are currently capped at 25k
Introducing Sharpe DEX
• @SharpeLabs introduced Sharpe DEX, a meta-aggregator which is an aggregator of aggregators
• Sharpe DEX routes trades among a variety of DEX Aggregators guaranteeing best execution prices and is integrated with 5 DEX aggregators. The simple version allows for simple swaps while the advanced version supports limit orders, DCA etc.
• The Sharpe DEX will be supporting 22 chains with EVM and non-EVM chains coming soon. The team announced that their beta is currently live
Gravita’s gravETH
• @gravitaprotocol introduced gravETH — the ONLY decentralized LST on StakeWiseV3
• A collaboration with @StakeWise_io and @Nodeoperators, secured by over 250 geographically distributed node operators
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*