GM Digest #349 — Can Dev Do Something
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Chain Abstraction Coalition
• @ParticleNtwrk helps the “Chain Abstraction Coalition” which brings together different ecosystems like Arbitrum, Avalanche, BNB Chain, and more to tackle the fragmentation issue collaboratively
• The coalition aims to simplify the user experience by developing chain abstraction (ChA), enabling seamless interaction across multiple blockchains
• Key initiatives include launching Co-Testnets in partnership with Particle Network to integrate Universal Accounts, which allow users to manage assets across all chains from a single interface and pay gas with any token
• The first Co-Testnet will be announced soon, offering users the chance to earn $PARTI points
Liquity v2
• @LiquityProtocol v2 builds on Liquity v1 by introducing a more capital-efficient borrowing protocol with user-set interest rates and support for multiple collateral assets, including ETH and LSTs
• The new stablecoin, $BOLD, that comes with v2, is native to Ethereum and designed to have minimal centralized collateral risks
• User-set interest rates allow borrowers to choose their own rates, which helps manage redemption risks and adapts to market conditions. Also, borrowers can earn staking rewards on LSTs while maintaining liquidity
• A new adaptive redemption mechanism replaces the need for active governance. Additionally, Liquity v2 introduces Stability Pools for each collateral to handle undercollateralized loans without impacting stablecoin prices
• $BOLD benefits from improved peg stability and sustainable real yield, supported by revenues directed towards the Stability Pool and Protocol-Incentivized Liquidity
Introducing G
• @Galxe introduces $G, the token for 2 ecosystems namely @Galxe and @GravityChain. Galaxe’s $GAL is migrating to Gravity’s $G to unify the 2 ecosystems
• $G will now be the native token powering the Gravity and Galxe ecosystems. $G will be used as the gas token for Gravity Chain, secures the network via staking and will be used as the utility token for Galxe products
• All existing utilities of $GAL will be transferred to $G alongside the migration of the token. The utilities include staking, governance, transacting and payments
• Upon migration, existing $GAL will be burned and new $G tokens will be sent to user wallets in a 1:60 $GAL to $G ratio
Introducing Aevo Strategies
• @aevoxyz introduced Aevo Strategies, automated trading vaults that execute sophisticated strategies on users behalf
• With this, users can now access exclusive vaults with trading strategies that are usually used by large institutions and market makers, all in just one click
• Their first vault is the basis trade vault which is a delta neutral trading strategy. This strategy earns yield by collecting funding payments from protocols such as @ethena_labs via simultaneously buying spot and selling a perpetual future contract for the same asset. It remains delta neutral and is expected to perform well as long as funding rate is positive
Telegram Gaming Accelerator
• @thenotcoin announced that they will be working together with @HelikaGaming to open an accelerator for game devs who will lead the next wave of Telegram games
• Helika Accelerate is backed by $50m in funding and together with Notcoin, will be helping game studious, mobile apps, and indie developers to build great gaming experiences on top of the Telegram platform and TON blockchain
Misc News
• @FinanceChainge integrates with Solana and Tron
• @_Loxodrome announces partnership with @CrustNetwork
• @JuicyPerp mainnet launch is on Jul 6
• @friendtech announced that they will remain on Base and 100% of all fees will be going to LPs, traders and Club presidents
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*