GM Digest #356 — And We're Down Again
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
The Compute Exchange
• @PrimeIntellect has launched its public platform to aggregate and orchestrate global GPU resources, aiming to democratize and commoditize instant compute
• This platform addresses inefficiencies in the fragmented AI compute market, such as fluctuating GPU costs, underutilization, and scalability bottlenecks
• Prime Intellect Compute offers features like a unified resource pool from leading providers, instant access to GPUs, competitive pricing, and utilization optimization
• The roadmap includes developing multi-node clusters, decentralized training techniques, and platform improvements to enhance functionality, reliability, and UX
Ironclad Staking & Airdrop
• @IroncladFinance has simplified and enhanced $ICL staking ahead of the $ICL token launch on Jul 15
• Users can now stake $ICL tokens and claim rewards in a single staking pool with a 1.5x rewards multiplier over six months. Bitget users can also stake $ICL
• The staking module uses a time-weighted rewards system favoring long-term stakers, with rewards sourced from lend module fees and iUSD mint/redemption fees
• Additionally, Ironclad has increased reserve factors to 20%, meaning 20% of interest paid by borrowers accrues to the treasury, which will be distributed to $ICL stakers in WETH and $MODE
• The airdrop is scheduled for Jul 19, and it will be in the form of $oICL, which means you will need $MODE to redeem it
Unlockd x Mattereum
• @Unlockd_Finance and @mattereum have partnered to offer gold-backed lending by tokenizing physical gold and enabling instant, permissionless loans against these tokens
• Mattereum’s tokens are tied to specific gold bars, verified by legal warranties, while Unlockd’s AI-driven platform offers real-time asset appraisal and optimal loan terms
• This partnership aims to turn gold into a dynamic financial instrument, allowing users to retain ownership while accessing liquidity and participating in DeFi
Canto x Picasso
• @CantoPublic is now integrated with @Picasso_Network, enabling Inter-Blockchain Communication (IBC) for seamless cross-chain transfers, starting with USDT and the $CANTO token to and from Solana
• This integration enhances liquidity solutions and broadens asset accessibility, with plans to expand to Ethereum, Polkadot, and more assets like $NOTE, $ATOM, and ETH
Misc News
• @NapierFinance 5x points boost ends when the $10M deposit cap is reached. Currently $2.8M below cap
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*