GM Digest #366 — $COOK mETH?
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Mantle Cook Tokenomics
• @0xMantle introduces the details of the $COOK token supply & the distribution of the Season 1 campaign rewards allocation
• 15% of the total $COOK token supply will be initially distributed among four ecosystem initiatives, including Season 1: Methamorphosis
• $COOK is the new token for Mantle LSP — allowing stakeholders to participate in the project's future governance and economics, including $mETH and $cmETH.
Break down of the Token Distribution
• Season 1: Methamorphosis — 5% • Mantle Rewards Station — 4% • Puff — 5% • Puff NFT — 1%
• The TGE is slated for the end of Season 1: Methamorphosis in mid-October.
Introducing abcRAM
• @LiquidDriver’s $abcRAM is a liquid wrapper for RamsesExchange's $veRAM, enabling users to benefit from fees, voting incentives, and weekly rebases without locking tokens
• It replaces $neadRAM and is designed to maintain a close relationship with the underlying DEX token's price action. To reflect the rebase of $veRAM holdings, an equivalent amount of $abcRAM is minted weekly
• Each week, Abacus votes on various pools to maximize returns, converting these returns into abcRAM, creating buy pressure on $RAM, and keeping a strong peg on $abcRAM
• Fees are deducted, with 8.5% going to $qLQDR stakers and the remainder to $abcRAM stakers. Liquidity for abcRAM/RAM is maintained by weekly bribing on Ramses
Avail Foundation
• The @AvailProject Foundation aims to build digital, trust-minimized systems and seeks to promote seamless, secure global interactions and transactions
• Initially, it will focus on developing the Avail protocol ecosystem, collaborating with industry stakeholders to create scalable, trust-minimized infrastructure
• The foundation, based in Switzerland, will support research, development, education, and community engagement through grants, educational resources, events, and mentorship
• Avail mainnet is scheduled to launch on Jul 23
DeXe x HOT
• @DexeNetwork’s partnership with HOT transforms HOT's 300,000+ "villages" into subDAOs using DeXe Protocol
• @hotdao_, a Telegram-based self-custody wallet with over 16 million users, integrates DeXe's open-source DAO infrastructure, enabling decentralized governance and transparent interactions within Telegram
• The partnership facilitates easier management of joint treasuries, governance decisions, and rewards distribution
• Ultimately, this collaboration boosts Web3 adoption by embedding DAO functionalities seamlessly into Telegram, fostering a programmable economy that benefits users, communities, and the broader Web3 ecosystem
• DeXe is a launch pad for DAOs and memecoins on BNB Chain
Introducing iBERA
• @InfraredFinance introduces $iBERA, a liquid staking solution for $BERA
• $iBERA will be a liquid token backed 1:1 by $BERA allowing users to earn yield on their $BERA while maintaining access to liquidity
• Infraed will be operating a full-stack protocol that includes running and managing our own validator infrastructure. This network of validators is responsible for proposing blocks, attesting to blocks, and generating block rewards
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*