GM Digest #353 — We Back?
GM Digest #353 — We Back?
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Term Points
• @term_labs has launched Term Points to reward users for their participation in the platform. Term Points can be earned through various activities
• Auction Points: Earned by lending or borrowing in auctions based on the amount and duration
• Lending Points: Earned by holding Term loans (repoTokens) • Invite Points: Earned by referring new users (10% of the points earned by referred users) • Migration Points: For users with significant activity on other lending protocols who participate in Term auctions
• Other Points: Earned through ad-hoc activities, games, competitions, and community contributions
• Term Finance is a fixed-rate liquidity protocol. It facilitates collateralized lending on-chain through Term Repos, modeled after traditional tri-party repo arrangements. Borrowers and lenders are matched in recurring Term Auctions, where sealed bids and offers determine a market-clearing interest rate
QuantAMM on Balancer V3
• @QuantAMMDeFi is integrating its temporal function market making pools into Balancer V3 with the support of a grant from @BalancerGrants SP
• The grant will fund the development of various QuantAMM features on Balancer V3, including strategy runners, trading function hooks, base pools, admin functions, and advanced MEV protection features
• QuantAMM's Blockchain Traded Funds (BTFs) will utilize dynamic weights to optimize pool performance based on current price movements, aiming to increase liquidity depth and trading volumes
Demether Raise
• @DemetherDeFi successfully completed an angel investment round led by Web3 investors such as @SkyVisionCap and @FormlessCapital
• Demether aims to address capital fragmentation in blockchain ecosystems by providing zero-cost access to TVL. Scheduled for Q4 2024 with initial deployments on Ethereum and Arbitrum
• The secured funds will be used for product development, talent acquisition, and establishing a market presence
Gambly Airdrop
• @gamblygg is launching its $GMBL token in Q4 2024. The token will be deflationary, usable as a betting asset, and will unlock new features on the platform
• Two airdrops are planned, with the first one recognizing those who have placed bets on Gambly.gg and active social media supporters
• The more users wager and engage, the greater their potential rewards from the airdrop
• You can start earning $GMBL tokens now by playing on Gambly.gg before the snapshot is taken
XAI Tokenomics Changes
• @XAI_GAMES announced that the team have decided to relock their July unlock tokens bringing the team unlock numbers down from 85m tokens to 17.7m tokens to be unlocked this July
• Other than the team, there are also investor, advisor, DAC and Xai Foundation unlocks bringing the total unlock to be around 107.9m tokens this July increasing the circulating token supply by about 26%
PRCL Second Community Allocation
• @Parcl announced a second community allocation of $PRCL tokens with a total allocation of 60,000,000 $PRCL tokens from Season 1 of the Perpetual Points Program (PPP). Of the 60m tokens, 40m is to be distributed linearly to users with over 50k points and 20m tokens are distributed to LPs and traders
• These tokens will be vested for a duration between 90-180 days based on the percentage allocation staked. The more $PRCL tokens a user stakes, the shorter their vesting schedules
• The team announced that staking is now live and participants can visit their Points page to view allocations and begin staking. Each epoch begins on Thursday 00:00 UTC and a snapshot will be taken on July 11 to determine vesting schedules and token streaming for unlocked tokens will begin on July 15
Misc News
• @Covalent_HQ announced that they will be migrating their previous $CQT to a new $CXT token
• @blast announced that their Phase 2 Gold Distribution is now live
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*