GM Digest #374 — Memes Memes
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Swell Voyage Ends
• @swellnetworkio’s “Swell City” introduces a new rewards system as the “Voyage” ends. A snapshot of Pearls will be taken at Block 20422895 around midnight UTC on Jul 30, marking the end of the Voyage
• Participants can now earn $SWELL rewards every ten weeks through "Wavedrops." The first Wavedrop on Oct 8, will distribute 2% of the $SWELL supply, with subsequent Wavedrops distributing 1% each
• Loyal participants get bonus multipliers for consecutive Waves. Swell L2 offers a 1.5x multiplier on airdrops for deposits of various Swell asset
LiFi x THORchain
• @lifiprotocol has integrated @THORChain via @SwapKitPowered, enabling users to swap native assets across Ethereum, BSC, and Avalanche, with native Bitcoin support coming in Q3
• This integration enhances LI.FI's aggregation stack, now supporting 35 DEXs, DEX aggregators, Solvers, and 18 bridges across 26 chains
• THORChain is a decentralized cross-chain liquidity protocol, facilitating native asset swaps without wrapped assets. SwapKit simplifies THORChain integration for dApps, offering a user-friendly API and SDK
AAVE stETH Pool
• The @aave DAO launched a custom pool for @LidoFinance's stETH and wstETH on Aave V3, enabling specialized financial solutions and third-party development
• Lido will provide liquidity incentives and rewards for novel uses of staked ETH
• The Lido-specific market benefits Aave by solidifying its position for wstETH users, improving economics and increasing liquidity
Lumia x Linea
• @BuildOnLumia partners with @LineaBuild to enhance the liquidity and accessibility of tokenized Real-World Assets
• Linea's techn will enable seamless trading of RWAs on platforms like 1inch, Uniswap, and PancakeSwap
• This partnership focuses on improving post-tokenization liquidity, aiming to distribute tokenized assets to major trading platforms
GM Launch
• @gm_dot_ai announced that $GM will be launching on August 14
• $GM will be crucial for the the next generation of AI DApps. The utility of the $GM token will be a governance, value-accruing token as well as a proof-of-network-ownership where holders will be able to get airdrops and rewards from ecosystem projects
Misc News
• @Polymarket introduces “Polymarket Embeds” in partnership with @SubstackInc
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*