GM Digest #368 — MASSIVE ETH SELL-OFF
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Dinero is Live
• The $BTRFLY to $DINERO token migration has started on Jul 22 as part of the Redacted to @dinero_xyz rebrand
• The new $DINERO supply is 1.3 billion tokens, with an exchange rate of 1 $BTRFLY to 2,000 $DINERO
• The migration process involves using the Dinero dapp, where users need to claim their $rlBTRFLY balances and approve $BTRFLY token derivatives
• $DINERO staking introduces a simpler mechanism with a 7-day warm-up period and auto-compounded rewards. Staking rewards, distributed as $DINERO, will begin on Jul 23
• Migration is currently available only on Ethereum mainnet
Orange x Superseed
• @0xOrangeFinance is partnering with @SuperseedXYZ to bring automated liquidity management for LPDfi (LP restaking) to the Superseed ecosystem
• This collaboration aims to simplify and optimize yield for everyday liquidity providers by using advanced strategies, reducing the need for constant monitoring and adjustments
Crush x Nillion
• @CrushProtocol is partnering with @nillionnetwork to develop smart AI Agents for blockchain applications, using Large Language Models and reinforcement learning
• These AI Agents will streamline user experiences by integrating diverse data sources, executing complex transactions, and acting as a centralized crypto hub
• The collaboration with Nillion enhances privacy and security, utilizing Blind Computation to protect sensitive data
AltLayer Vesting Changes
• The @alt_layer $ALT token vesting schedule will change with a 6-month pause after the first unlock on Jul 25
• No new tokens will be unlocked from Jul 26 to Jan 24, 2025
• The next unlock is on Jan 25, 2025, with tokens vesting monthly over 2 years for investors and 3 years for the team, advisors, treasury, and others
Introducing Grass Desktop Nodes
• @getgrass_io introduced the Grass Desktop Node which uses less than 5% of the resources of a Chromium browser and handles 10x more bandwidth than the chrome extension
• Using the Desktop Node increases users’ network score by 2x and gives the nodes better uptime, improved latency, and priority routing in the network. The Desktop Node has also undergone a 3 month audit process to ensure that it is compliant with all major anti-virus providers
• The first wave of invites have been given to @GigaBuds_ NFT holders top beta test the node ahead of its full release
JPEG’d Introduces P2P Lending
• @JPEGd_69 announced the launch of their P2P lending complimenting their CDP model
• JPEG’d P2P is entirely permissionless allowing borrowers to collateralise any ERC-721 NFTs as long as there is a willing lender for your asset. It also supports direct lending in ETH, USDT and USDC allowing users to choose the tokens that they want to lend/borrow
• Borrowers will also be able to have auto refinancing so if a lender offers better terms during the loan period and the refinancing process kicks in, borrowers will automatically enjoy more favourable rates
Misc News
• @zottoAI is live on Base testnet
• @Polymarket soon to be available on @ton_blockchain, powered by @skate_chain
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*