GM Digest #375 — Red & Exploit Day
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Astroport Collateral Damage from IBC Hook Bug Exploit
• According @lurkaroundfind and other sources a hacker has exploited an IBC bug and managed to reissue ASTRO on Neutron
• This appears to be a bug on Terra that was patched in April but then accidentally reverted the install patch in June
• $ASTRO has declined by 50% during the exploit but since then recovered 35% during the past 24hr.
• Astroport announcement: https://x.com/astroport_fi/status/1818663685704892511
Spark’s Grand Prix
• The @sparkdotfi Tokenization Grand Prix is a competition to onboard up to $1 billion in tokenized assets, starting on Aug 12
• Focused on short-duration US T-Bills and similar products, it will evaluate competitive pricing, liquidity, and alignment with SparkDAO’s strategic goals. Results will be presented to Maker Governance for final decisions
• Spark Protocol aims to become the main hub for RWAs on Maker and Ethereum. More details on the competition and evaluation will be released soon
Roam x Peaq
• @roam_network joins the @peaqnetwork’s DePIN oriented blockchain to provide mobile data quality insights
• Roam Network users earn tokens for sharing anonymized signal data, providing telecoms with detailed service quality metrics. The plan to expand with Roam Infra, rewarding users for improving local coverage
• Using peaq as its blockchain, Roam will integrate peaq ID for identity management, Particle Network for easy login, and peaq's data storage and verification, issuing its tokens natively on the network
Nimbora Yield + Points
• @Nimbora_, in collaboration with @LidoFinance and @pendle_fi, offers the $npstETH earn strategy on Starknet, featuring attractive APR%
• Yields come from $npstETH base yield, Nimbora boosts, and $STRK incentives. The base yield auto-compounds daily with a 20% profit fee included in the displayed APR
• Boosts and incentives are claimable bi-weekly. Participants also earn Nimbora points, accumulating more by holding Nimbora yield-bearing tokens longer
Misc News
• @ensdomains available on @LineaBuild
• @rage_trade LBP on Fjord goes live today
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*