GM Digest #352 — Sigh
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Convex x Napier
• @ConvexFinance has integrated with @NapierFinance and released $cvxNPR, a new derivative wrapper
• This addition aligns with Convex's strategy of incorporating promising protocols, enhancing its portfolio with Napier's yield trading strategies on Curve Finance
• Napier Finance launched recently, and $vlCVX holders can participate in a Napier points airdrop by voting in the upcoming Curve governance gauge vote
• Additionally, users can claim liquid $cvxNPR on the Convex platform, with $NPR being perpetually locked and voting rights managed by $vlCVX holders, aiming to control $NPR governance emissions
DeFi Spring Extended
• DeFi Spring is a program on Starknet aimed at boosting yield for LPs and capital allocators, running until at least Dec 31
• Initially launched with a 40M $STRK budget on Feb 18, it was extended with an additional 50M $STRK on Jul 1
• The Starknet Foundation distributes $STRK tokens equitably among participating DeFi protocols, categorized into DEXs, Borrow & Lend, Perps & Options, and Other, each assessed by specific criteria
• STRK tokens are distributed every two weeks based on protocol performance, and these protocols then pass the incentives to their LPs and users
Insrt App Hibernation
• @insrtapp is temporarily going offline on Jul 14 for over a month to prepare for the V2 launch, which will include new features and expanded functionality for $MINT
• Before this break, they're running a final campaign in partnership with Berachain, offering users a chance to win exclusive Berachain NFTs
• This campaign is the last opportunity to participate before the hiatus. The team encourages users to hold onto their $MINT tokens in anticipation of the V2 launch
Penumbra Live
• @penumbrazone announced that Penumbra is live in Phase 0 of a 3 phase process with limited functionality. In this phase, IBC, IBC transfers and the DEX are all disabled, so the chain has no functionality beyond transfers and governance. New validators can join the network and users can delegate to them to further decentralize the network
• After Phase 0 is stabilized, the network can have a governance vote to enter Phase 1 to enable Penumbra’s IBC module. This would not enable transfers, but merely allow IBC connections to be created between Penumbra and the rest of the interchain
• After Phase 1, Penumbra will have full functionality to enable the Penumbra DEX and IBC transfers, potentially allowing price discovery of the Penumbra token
Moonwell Introduces Isolated Markets
• @MoonwellDeFi introduced Isolated Markets where users can supply and borrow assets from specialized lending pools, powered by @MorphoLabs
• Moonwell now offers 8 Isolated Markets, enabling users to borrow specific assets using designated collateral. Each market pairs one collateral asset with one borrowable asset. The isolation facilitates enhanced risk management, improved collateral security, competitive interest rates, and greater flexibility
• Additionally, Moonwell integrated with @CoinbaseWallet smart wallet and interacting with Isolated Markets on Moonwell incurs no transaction fees for all activities
Misc News
• @degentokenbase announced that they’re kicking of their Airdrop 2 Season 6 on July 11
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*