GM Digest #365 — Perpify Everythin'?
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Introducing Ostium Labs
• @OstiumLabs introduces “Perpification of Everything”, Perp DEX that allows users to trade everything in TradFi & DeFi — FX, Metal, Energy, Indices, etc
• Ostium introduces “OLP” Ostium Liquidity Provider — deposit USDC into their OLP and earn trading fees & liquidation rewards. OLP design is quite unique where liquidity is deposited into Market Making Vault
• The Shared Liquidity Layer (SLL) comprises of Liquidity Buffer & LP Market Making Vault.
Liquidity Buffer: settlement layer for trader PnL, accumulating value during periods of net trader losses and shrinking during periods of sustained trader gains. Does not accumulate trading fees and cannot be deposited into directly or withdrawn from by LPs;
Market Making Vault: settlement in the event the Liquidity Buffer is depleted. LPs deposit capital into the Market Making Vault and are rewarded for the risk they take on of potentially needing to act as counterparties with liquidation rewards and a portion of trading fees.
• Currently there’s Deposit Derby program where users can lock up their USDC from 45 days to 365 days for boosted yields. Recommend checking out their docs for more info on this
Liquidswap Token
• Liquidswap DAO ($LSD) token is being introduced as a governance token for the Liquidswap protocol, the leading AMM on Aptos, developed by @PontemNetwork
• The token will enable community ownership, governing protocol parameters, community treasury, and future developments
• The token will also facilitate staking through voting escrow (ve), allowing users to lock tokens for voting power, boosted rewards, and fee sharing
• 42 million LSD tokens will be minted at genesis, with allocations including 40% to the community, 16% to the treasury, 8% for exchange liquidity, and 1% for the Initial Exchange Offering (IEO). Private investors will receive 46.74% of the tokens
• Early adopters will receive airdropped tokens retroactively, based on parameters like added liquidity, trading volumes, and holding community NFTs. Detailed airdrop information will be shared prior to the token launch
Introducing Shape
• @Shape_L2 is a new blockchain platform designed for creators to shape society through culture, which is formed by beliefs, ideas, and art
• It supports a wide range of digital works, from rare pieces to open editions, enabling anyone to contribute to creativity. Shape also allows programmable interaction of digital objects, facilitating large-scale projects
• Additionally, Shape introduces "Gasback," where 80% of sequencer fees are returned to contract owners, rewarding creators for their cultural contributions. The remaining fees are allocated to the Optimism Collective for public goods (15%) and infrastructure/Shape Foundation (5%)
• It is EVM-equivalent and powered by the Optimism OP Stack. Shape has also partnered with Alchemy Platform for reliable infrastructure and developer tools. The mainnet launch is set for Q3, with the testnet currently live
AUUU Airdrop
• @Pryzm_Zone's $AUUU is an upcoming token and airdrop event aimed at rewarding active participants within the Pryzm ecosystem
• Eligible participants include liquidity providers, liquid staking token holders, yield token holders, and validators on Pryzm. Special airdrop multipliers are available for testnet participants, Zealy XP roles, and testnet validators
• AUUU's unique appeal lies in its chaotic yield model, "rAPY," which offers fluctuating APY rates. Additionally, AUUU tokens will be used for purchasing exclusive NFTs and participating in the Beastly Bulls Trading Society, where top traders can win prizes
Introducing Zellular
• @zellular_xyz introduces Zellular, a Consensus Layer and Sequencing Service that enables the development of dApps (zApps) as Replicated State Machines deployed on @eigenlayer
• Zellular offers flexibility for devs, rapid finality, unlimited throughput, robust interoperability, dynamic security, replicated state machines, consistent state across nodes, Byzantine fault tolerance and a signature based authentication
• The first application will be the Zellular Exchange
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*