GM Digest #361 — New L2
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Polynomial Chain
• @PolynomialFi introduces Polynomial Chain, a new Ethereum Layer 2 with a native liquidity layer
• Polynomial Chain offers dedicated liquidity and integrated features to enhance UX and scalability for DeFi apps. The chain supports various protocols like prediction markets and options markets
• Polynomial Chain is rewarding early adopters and contributors with Retroactive Points. Eligible recipients include Polynomial Earn Users who have deposited $101 or more in Earn vaults V1 or V2, and Polynomial Trade Users who have completed at least one trade on Polynomial, either on Optimism or the base network
• Additionally, Mystery Orbs Tiers are recognized, with traders on Polynomial Trade being categorized into three tiers based on their trade volume and activity
• NFT community members holding specific NFTs such as Pudgy Penguins, Lil Penguins, Milady, Redacted Remilio Babies, Schezio Posters, and Cryptotesters are also eligible. These criteria are based on snapshots taken on June 26
Chintai's Net Zero-X
• @ChintaiNexus has launched the Net Zero-X exchange, designed to connect institutional and accredited investors with verified climate tech projects through tokenization
• Utilizing Chintai's blockchain technology, Net Zero-X offers security tokens for sustainable projects, aiming to add 60 projects in its first year and 500 within five years
• Its flagship project is the UK's first 'Drive-In Waste Disposal & Energy Recovery Hub,' focusing on reducing carbon emissions and environmental impact
• Chintai's technology shortens the time-to-market, allowing Net Zero-X to focus on core competencies while driving capital into essential climate tech initiatives
Layer N's DCE
• @LayerN_Official provides Dedicated Compute Environments (DCE) for each app, ensuring they have their own server and full bandwidth
• Current blockchain limitations in compute hinder app complexity and performance. Traditional chains share ~7 mgas/s of compute across all apps, causing congestion and higher costs
• This setup eliminates congestion, reduces costs, and enhances app capabilities, allowing developers to create more advanced web3 applications
CLOUD Launch Airdrop
• @sanctumso released the final details for the $CLOUD Launch Airdrop
• 10% of the total $CLOUD supply will be distributed for the launch airdrop with 5% given out for Capital and 5% for Earnestness. The Capital Allocation was distributed proportionate to users share of the total Wonderland Season 1 EXP. The Earnestness Allocation is based on the team going through posts across Telegram, Discord, Twitter, websites and Youtube, with the cutoff being 1st July 2024
• Users can begin claiming their airdrop on July 18. However, claiming the tokens immediately would mean that users forfeit their bonus tokens. To get the full 100% bonus for Capital, users have to claim after 14 days and to the the full 100% bonus for Earnestness, users will have to wait 180 days before claiming
Introducing Chasm Network
• @ChasmNetwork introduced the Chasm Network, a decentralized Mixture-of-Experts network that grows in intelligence over time
• Chasm Network is an experimental competitive protocol with two layers:
⇢ The Orchestration Layer processes prompts/intents before routing to models
⇢ The Scout Layer have node operators to supply diverse models to compete for the best performance in different categories
• The network combines mining with a competitive ELO-style system which attracts quality models from Scouts, ensures fair rewards based on performance and provides the orchestration layer with resources for efficient routing and model mixing
• Users can now become a Scout for Season 0
Misc News
• @FantomFDN partners with @Rabby_io to provide Gas-Free Trading Program
• @Parcl introduces new market: Pittsburgh
• @Backpack announced support for the Monad ecosystem
• @syrupfi is now live for public access
• @ether_fi_Fdn announced that ETHFI Season 2 claims are live today
• @JumperExchange undergone an exploit yesterday and the team urged users to revoke approvals
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*