GM Digest #354 — IP
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Story Protocol’s Story Network
• @StoryProtocol introduces Story Network — the World’s IP Blockchain
• Story L1 enshrines the Proof of Creativity protocol, tokenizing a multi-trillion dollar asset class into Programmable IP legos
• Imagine a future of creator owned AI, allowing artists to empower their fans while capturing upside. Artists register their IP on Story, and allow people to train models on top. If those models generate revenue, the artist is compensated.
• IP Assets on Story can be used as collateral in DeFi, fractionalized, or even generate license NFTs that create a decentralized market for rights.
Introducing Xraders (Coinlive)
• @xraders_xyz vote-to-earn + guess-to-earn powered by AI
• Experts performed market analysis on trades, users execute trades (guess-to-earn) based on experts’ analysis. Users can stake $XR and vote for experts, experts receive more exposure on their analysis with more votes
• $XR token recently went live across 14 different exchanges such as OKX, Gate, Kucoin, etc
Usual Pills
• @usualmoney, a RWA stablecoin protocol, has launched its public mainnet along with the Pills campaign
• The campaign allows users to earn Pills, a point system that will determine the amount of $USUAL tokens they receive during the airdrop, representing 7.5% of the $USUAL supply
• Users can earn Pills by engaging with the Usual ecosystem, providing liquidity, minting and holding USD0++, and participating in referral programs
• The campaign runs for four months starting Jul 10. Early participants benefit from a multiplier that boosts their earned Pills. Pills are calculated off-chain and verified publicly
Introducing dgnARB
• @D2_Finance has introduced a new strategy called dgnARB, which builds on their successful dgnETH strategy. dgnARB leverages the ARB token's performance and shorting against inactive chains, aiming to maximize returns through strategic leverage and trading positions on platforms like GMX and Pear Protocol
• The strategy will have delta exposures ranging from 100% to 200%, allowing high exposure to ARB while shorting ghost chains
• Despite potential governance issues within Arbitrum, the strategy focuses on outperforming inactive chains with low user bases. The strategy is capped at 100k ARB++ deposits initially, with potential for more if successful
• D2 Finance aims to merge traditional finance risk management with DeFi opportunities through their managed strategies
Rome Protocol Raise
• @RomeProtocol has secured $9 million in funding to integrate Solana's high-performance services into the Ethereum network
• Led by @hack_vc, @HashKeyGroup and @PolygonVentures, this initiative will allow Ethereum rollups to utilize Solana as a shared sequencer, which improves transaction speed, scalability, and reduces costs
• Rome Protocol will facilitate atomic composability for cross-rollup transactions, using technologies like the OP Stack familiar to Ethereum developers
• It addresses current issues with centralized sequencers on Ethereum, such as censorship risks and downtime, by using Solana’s validators as shared sequencers
• The protocol includes four key components: Rhea for fair sequencing, Remus for cross-rollup atomic transactions, Romulus for atomic transactions across Solana and rollups, and Hercules for accepting ordered transaction blocks from Solana
Ton Layer 2
• @ton_blockchain announced that they will be building a new Layer 2 chain called the TON Application Chain (TAC) using the Polygon CDK
• The L2 will be EVM compatible and will allow current EVM compatible DApps to be ported over to the chain while also allowing the development of further application such as gaming and decentralised identity solutions
• The team also chose to build on the Polygon ecosystem for its EVM compatibility and seamless availability of liquidity from EVM chains via AggLayer
Misc News
• @protocol_fx introduces $cvxUSD and $xCVX**.** A stablecoin and a 3x leverage $CVX token
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*