GM Digest #376 — Gnosis AI
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Movement Testnet
• @movementlabsxyz’s public testnet is now live, offering a secure L2 environment using Move and the parallelized MoveVM. Developers and users can test applications today with support from Celestia for data availability
• MoveDrop Program: Incentivized testnet for the community with trophies, medals, resources, and ethos for participation
• The Battle of Olympus (for Devs): A hackathon for blockchain dev teams, running until September, with over 750 teams registered. Focus areas include DeFi, gaming, social tools, infrastructure, and NFTs
• Building the Parthenon (for Everyone): Open to all, starting with the public testnet. Participate by completing weekly guild quests on Movement’s Galxe, engaging with partner projects or by joining a guild (Pathfinders, Creators, Explorers, Scholars, Spartans)
GMX BB&D
• A governance proposal suggests changing @GMX_IO’s revenue distribution model from distributing ETH to buying back and distributing $GMX
• The proposed mechanism involves using fees to buy $GMX over seven days to avoid price manipulation, based on Chainlink oracle prices with a premium
• The new model would create continuous buying pressure for $GMX, unify liquidity solutions across chains, and improve value retention by allowing optional conversion of $GMX to $ETH or $AVAX
Orange Finance Raise
• @0xOrangeFinance has successfully completed its angel round with key figures from the LPDfi and Arbitrum ecosystem
• The protocol's first liquidity management vault for Stryke, the StrykeUniswapWETH-USDC Vault, has performed well with a 29% APR (ETH basis) and 20.28% APR (USD basis), achieving a TVL of $2.1M
• Future plans include launching the Orange Points program, expanding to the Superseed chain as a launch partner, and deploying on Berachain as a liquidity manager
Introducing Gnosis AI
• @GnosisDAO introduced Gnosis AI, a division of Gnosis Labs working on AI and Web3 focused on agent to agent payments and prediction markets
• The team is currently developing AI agents within the Gnosis ecosystem starting with prediction markets. The team also developed trader agents with different specializations to participate in prediction markets. The basic idea is that they all have to answer “yes” or “no” to a given question with each agent employing a different strategy for answering the questions
• Lastly there is a social agent whose primary role is to analyze recent bets made by its “client” (the trading agent it represents) and draw attention to the respective market. It accomplishes this by posting a tweet highlighting the rationale behind the bet
Etherfi Perks Passport
• @ether_fi announced their Perks Passport allowing users to get up to 5x points boost on Season 3 points by completing various Passport Activities
• Each Passport Activity has a boost applied to it and for every 5 Passport Activities earned, users will get an additional 0.5x Boost, up to 5x max
• Activities will start unlocking this week and boosts will be retroactively applied to the start of Season 3
Misc News
• @GMX_IO launches new gmETH pool backed by $wstETH and $USDe
• @MorphoLabs Safe{Pass} campaign is live, 600K $MORPHO and Safe points will be available to anyone who deposits in a Morpho Vault using a Safe Smart Account
• @EclipseFND announced that their mainnet is open to builders
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*