GM Digest #371 — Eigen's AVS Rewards
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
EigenLayer AVS Rewards & EIGEN Programmatic Incentives
• @eigenlayer allocates 4% of EIGEN's total supply will be distributed to stakers and operators via upcoming programmatic incentives
• These incentives will be distributed via "rewards-boosts" in which stakers and operators will receive EIGEN in proportion to the amount of rewards distributed to them by AVSs
• This rewards-boost program is designed to kickstart the rewards flywheel and enable price discovery even if initial AVS rewards are low
• Separate from the programmatic incentives program, the Season 2 stakedrop will reward current stakers and operators (details announced soon)
Dinero Institutional
• @dinero_xyz has launched institutional pxETH (ipxETH), a compliant and enhanced ETH staking solution for accredited investors in eligible areas, developed by Laser Digital Asset Management
• ipxETH offers liquid staking within a secure ecosystem, aiming to attract new institutional participants by simplifying access to high-yield ETH staking
• This initiative is supported by collaborations with @LaserDigital_, a Nomura-backed digital asset business, and @galaxyhq
Kujira v2
• @TeamKujira v2 has launched, integrating its various financial products into a single, user-friendly app
• This new version features Passkey wallets for simplified wallet creation and easy token deposits
• Users can buy and deposit USDC or transfer tokens from other networks, and access all core protocols within one unified platform
Introducing Fractality
• The @y2kfinance development team is proposing the creation and maintenance of Fractality Protocol, a lending protocol that uses deposited crypto assets for arbitrage and yield strategies, initially focusing on funding rate arbitrage (FRA)
• This protocol aims to generate high yields by exploiting market inefficiencies in perpetual futures trading. Positive beta testing has shown a 19% APR
• The proposal seeks DAO approval for development, treasury management, and marketing to establish Fractality Protocol as a premier arbitrage platform within the Y2K Finance suite
Leveraged Polymarket
• @d8x_exchange aims to combine prediction markets with perpetual futures, offering leveraged bets
• Leveraged derivatives for Polymarket predictions are launching soon, with the first on-chain orderbook-style perpetual market expected next month
• The focus will initially be on political predictions but will expand to other areas
Secret Network x Polygon
• @SecretNetwork announced that they will be integrating Secret’s Confidential Computing Layer with @0xPolygon
• This integration allows Secret to provide @0xPolygon with decentralized confidential computing (DeCC) tooling, documentation, and support. Polygon dApps will be able to have access to a suite of new features and use cases such as private voting for DAOs, encrypted storage for dApps, secure random number generation for games, confidential data for NFTs, sealed-bid auctions, and encrypted limit orders for DeFi applications
• Secret's confidential computing is powered by Trusted Execution Environments (TEEs), a secure area of a computer processor that enables encrypted data to be computed without being revealed to the public or the TEE operator
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*