GM Digest #353 — M M M M M M M
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Introducing M^0
• The @m0foundation is a coordination layer for permissioned institutional actors to generate $M, a fungible token created by locking eligible collateral off-chain
• $M aims to combine the benefits of digital money with the stability of physical cash, offering a neutral, self-custodial, and fungible asset
• The protocol uses short-term US T-bills as collateral, managed through legally compliant, bankruptcy-remote entities
• $M serves as a foundational element for creating new financial products, democratizing access to high-quality collateral liquidity
Asymmetry x Ampleforth
• @asymmetryfin, in partnership with @AmpleforthOrg, is launching $afUSD, a synthetic dollar that uses an elastic supply mechanism to stabilize prices based on market conditions
• $afUSD relies on Ampleforth’s supply adjustment mechanism, which doesn't need traditional collateral, and unlike traditional stablecoins backed by reserves, algorithmic stablecoins like afUSD use algorithms to maintain value
ParaSwap Delta
• @paraswap is introducing ParaSwap Delta, set to go live by the end of August
• This new addition leverages the Portikus Infrastructure to allow users to trade tokens without worrying about MEV or gas costs, providing execution through ParaSwap's UI or API
• Delta aims to improve upon ParaSwap's existing capabilities with additional features like Dollar-Cost Averaging, Automatic Limit Orders, Stop Loss, and AI Agents in future updates
DeBank XP Airdrop
• @DeBankDeFi has launched DeBank XP, a system to reward users based on their on-chain activity
• A snapshot was taken on July 4, 0:00 UTC, and eligible users can claim an initial XP airdrop
• Addresses with assets greater than $0 that were active on-chain or on DeBank in 2024 are eligible. Users can earn extra XP by referring friends or completing quests
• The XP claim page is live and will be available for a month
Introducing HappyChain
• @HappyChainDevs introduced HappyChain — an Ethereum L2 that brings free-to-play and zero-friction onboarding onchain, where users can start playing without needing to install a wallet or pay gas fees
• On HappyChain, users will only have to sign up with their social account and start playing immediately. Users will then have the option to use built-in fiat onramps or their bridging hub to make in-game purchases or to claim their $HAPPY tokens
• Users will also be able to earn $HAPPY which allows them to try out games without spending. On the other hand, builders get to enjoy HappyChain’s onboarding and distribution channel for their games
Juicyperp is Live on Mainnet
• @JuicyPerp announced that they are live on mainnet and have introduced Perpetual Battles
• Perpetual Battles is a trading design which enables you to trade on up and down price movements of virtually any asset. Users can choose from memecoins or NFTs and pick the direction of the asset’s price movement and their desired position size. Users can then earn a share of the pool if they win or lose
• Right now, the battles last 3 minutes and users have 60 seconds to place their entry on the Up or Down side and will enter a 2 minutes locked phase where their bets are placed and payout will be decided by the market
Misc News
• @rage_trade announced that they will be launching $RAGE on @HyperliquidX on August 7
• @ether_fi announced that their Season 2 claims checker is live
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*