GM Digest #362 — ETH ETF Soooon
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Bracket Bars
• @bracket_fi, a protocol backed by Binance Labs, is launching it's new LSTfi initiative in two phases
• Phase 1 (starting July 31) allows users to stake supported LSTs and LRTs in escrow, earning ETH rewards, LRT points, and [BARS], with the best incentives for early depositors
• Phase 2 (90 days later) will enable stakers to claim $brktETH from escrow, facilitating both active and passive trading strategies. $brktETH aims to enhance capital efficiency by pooling various LSTs and LRTs together
• Boosts for staking rewards are categorized into TVL, Time, and Social incentives
Introducing RobotNet
• @RoboNetHQ integrates AI with DeFi. AI-powered agents autonomously execute complex financial strategies
• Built on @AlloraNetwork’s collective intelligence network, these agents continuously learn and adapt to market conditions
• RoboNet offers secure vaults for asset storage, allowing AI agents to manage assets efficiently
• Early participation is rewarded with RoboNet points, tracked and distributed based on vault activity
MilkyWay Staking
• @milky_way_zone has launched its Modular Staking Portal for $milkINIT on Initia's public testnet
• Building on its success as the largest liquid staking operator for $TIA, MilkyWay aims to become the leading modular restaking platform, allowing emerging projects to focus on innovation without security concerns
• Utilizing Initia’s tech stack, MilkyWay introduces $milkINIT as its second liquid staking token to secure the Initia chain. The portal combines liquid staking and restaking solutions
Kaisar x Peaq
• @KaisarNetwork has joined @peaqnetwork’s ecosystem to support the AI industry's growing need for computational resources, especially GPUs
• By creating a decentralized backbone for AI, Kaisar Network's DePIN enables anyone to contribute idle GPU capacity from various sources, such as enterprises, data centers, and individual users
• Leveraging peaq as its layer-1 blockchain, Kaisar will manage GPU rentals and related business logic through smart contracts, alongside developing reputation management, NFT minting, and other mechanisms
• Kaisar is also part of NVIDIA’s Inception Program and aims to scale the AI industry with its DePIN Compute Alliance
NGL Tokenomics Update
• @Entanglefi announced that they have reduced the $NGL token emissions and 25% of the team tokens have been burnt
• The changes to the emission schedules are as follows:
⇢ Team: Team allocation reduced from 12% to 9% with 3% being burnt and now have an additional 6 months added to both vesting and cliff period
⇢ Advisors: Subject to an additional 3 months cliff and 6 months vest on their tokens
⇢ Staking rewards: Schedule for staking rewards emissions will be doubled to 7 years
⇢ Liquidity: 2.5% will be locked for a year
⇢ Marketing: Marketing budget vesting increased to 24 months
⇢ Grants and Partnerships: Allocation vesting increased to 12 months
⇢ Seed and Private rounds: Subject to additional 2-3 months cliff and added 6 months vesting
⇢ Strategic Round 1: KOL vesting rounds extended by 4 months
⇢ Strategic Round 2: Additional 2 months cliff and 6 months vest
Misc News
• @SolvProtocol announced that SolvBTC Babylon 3rd Epoch Deposits opens soon
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*