GM Digest #363 — Telegram App Store
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Telegram App Store
• Telegram has unveiled plans to strengthen its blockchain-related initiative through launching a mini app store & in-app browser with support for Web3 pages
• The initiative will further help propel builders to get application off the ground and reach 900m+ users, in a similar fashion to Hamster Kombat and Notcoin
Cetus Plus
• @CetusProtocol has launched Cetus Plus, a new swap aggregator on the Sui Network. Key features and benefits include:
• Enhanced Swap Capabilities: Improved order hopping, splitting, and faster swap response times for better slippage control
• Comprehensive Liquidity Access: Integrates liquidity from multiple sources across the Sui ecosystem, including DeepBook, Kriya, FlowX, Aftermath, and Turbos
• Easy Integration: Designed for scalable integration into dApps and developer projects
Introducing SparkDEX
• @SparkDexAI is a new DEX on Flare’s data-driven blockchain, that aims to simplify DeFi using AI and on-chain data
• SparkDEX addresses issues like complexity and bad UX by integrating AI to create user-friendly interfaces, allowing users to easily navigate platforms, execute trades, and access market information
• Running on Flare, SparkDEX benefits from its scalable infrastructure and focus on big data, crucial for AI-powered applications
COTI x Porta
• @COTInetwork has partnered with @PortaWallet to enhance privacy and security
• This collaboration integrates COTI V2’s privacy features into Porta’s ERC4337-enabled smart wallets
• Porta's wallets, which will include advanced trading features like stop loss and liquidity management, will benefit from COTI V2’s confidentiality layer, enabling private transactions and balances
Weft V2
• @Weft_Finance is launching Weft V2 to improve its lending market on the Radix ecosystem. Key updates include:
• Expanded Asset Options: Beyond $XRD and $xUSDC, users can leverage a wider range of digital assets for loans
• Advanced Collateral Management: Allows use of diverse assets, including Liquid Staking Units and non-fungible resources, without losing yield exposure
• Efficiency Mode: Increases borrowing power with higher LTV ratios for certain conditions
• Improved Risk Management: A refined risk index system ensures effective collateral isolation and protocol stability
• These improvements aim to boost liquidity and utility for Radix asset holders, with closed Alpha testing for V2 starting soon
Introducing IoTeX 2.0
• @iotex_io announced that they will be upgrading the IoTeX L1 blockchain into an open modular infrastructure for all DePINs
• IoTeX 2.0 provides a complete tech stack including composable modules & a unified trust layer to accelerate to accelerate DePIN adoption
• There are a few components to IoTeX 2.0:
⇢ DePIN Infrastructure Modules (DIMs): These modules cover the entire DePIN stack from hardware abstraction to off-chain computing
⇢ Modular Security Pools (MSP): Projects can inherit security from IoTeX L1 and other major L1s, acting as a security anchor for the entire network
⇢ Tokenomics: $IOTX utility will be expanded to reward stakeholders based on their contribution. 2.0 tokenomics balances inflationary staking rewards with deflationary burning based on usage, all while incentivizing DePIN dApps and L2s to leverage its modular infrastructure
POL Date Confirmed
• @0xPolygonFdn announced that the $MATIC to $POL upgrade will be on September 4. $POL aims to provide security for Polygon as an aggregated blockchain network, unifying liquidity and shared state across multiple chains
• In the initial phase, $POL will replace $MATIC as the native gas and staking token for Polygon PoS. In subsequent phases, $POL will play a role in the AggLayer
• Action may be required for those holding $MATIC on Ethereum, Polygon zkEVM, CEXes, stakers, delegators and LST holders. For $MATIC, holders on Polygon PoS, $MATIC will be automatically upgraded to POL
Misc News
• @LensProtocol announced that they will be targeting Q4 for its migration to the zkSync network
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*