GM Digest #372 — Eigen LAT Pulldown?
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Bitcoin Push to ATH
• Market is green today with BTC making its way to $70,000 mark and ETH back to $3,400 level after the recent ETH ETF sell-the-news event
• The positive BTC sentiment can be attributable to the Bitcoin 2024 Conference in Nashville — Robert F. Kennedy Jr. and Senator Cynthia Lumnis, both independent presidential candidate have talked about establishing a strategic Bitcoin reserve for the US, while former President Donald Trump said the government wouldn’t sell anymore if he got elected
Caldera Raise
• @Calderaxyz raised $15M in Series A funding to build the Metalayer, a unified rollup ecosystem for Ethereum
• The Metalayer aims to bridge these gaps, enhancing connectivity, efficiency, security, and scalability across different rollup frameworks
• Caldera’s platform has already enabled over 60 high-performance rollups with over $800 million in TVL
Hydra v2
• @QuickswapDEX Hydra, the V2 version of QuickSwap’s Perpetual Exchange, is now live on Polygon zkEVM, offering advanced features and a faster, cheaper trading experience
• Key updates include support for crypto, forex, and commodities, up to 100x leverage, individual pools for each collateral asset, faster transactions, guaranteed price execution, and the use of QUICK as collateral with a 15% trading fee discount
• Hydra also introduces a chain abstraction mechanism. This upgrade aims to enhance liquidity, transaction efficiency, and overall UX
KYVE v1.5
• @KYVENetwork has upgraded to v1.5, introducing multi-coin funding and protocol optimizations to enhance decentralized data management
• Multi-Coin Funding: Enables funding of integrations with various tokens, expanding collaboration opportunities and utility for $KYVE
• Protocol Optimization: Faster integration for data-heavy projects with features like improved bundle speeds, parallel data pools, and dynamic storage cost management
• Infrastructure: Upgraded to Cosmos SDK v0.50 and IBC v8.3.1 for better performance and governance
Introducing North Star
• @EigenExplorer is an EigenLayer-native DeFi and data systems and have introduced the North Star
• The Eigen Explorer team is introducing Liquid AVS Tokens (LAT), a new asset class for the Eigen Layer ecosystem. LAT allow users to directly support any AVS of their choice, skipping operator selection steps
• To restake with LAT, users will have to choose their desired AVS, restake their Eth or native AVS token and get the corresponding LAT back. The Liquid AVS Token represents the restaked position and rewards that can be used to participate in DeFi
TON Introduces Gasless Transactions
• @ton_blockchain introduces gasless transactions in collaboration with Tonkeeper
• Tonkeeper developed the W5 smart wallet enabling users to make transactions using USDT and Notcoin
• The new standard is live on Tonkeeper and is expected to roll out on the self-custodial wallets TON Space and MyTonWallet soon
Misc News
• @JupiterExchange introduced Jupiter Spot which improves the UI by allowing users to swap or set up DCA/VA or limit orders while interacting with the price chart
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*