GM Digest #380 — Points & Airdrop
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Droplets Airdrop
• The @dropdotmoney ‘Droplets Program’ distributes 100 million $DROP tokens to participants who can earn Droplets through liquid staking, using dAssets in ecosystem apps, and referring friends
• Droplets holders will receive $DROP tokens and become the first members of the Drop DAO
• Participants can earn Droplets by staking assets to receive dAssets, which yield 1 Droplet per dollar daily, and by deploying these dAssets in Drop ecosystem applications for multiplied rewards
• The program is divided into Epochs, each lasting 1-4 weeks, with new opportunities introduced in each Epoch. The first Epoch focuses on bootstrapping initial liquidity, offering multipliers for providing liquidity and using auto-compounding vaults
• Important to note, smaller holders receive their airdrop immediately, while larger amounts vest over six months, maintaining full voting power during vesting
Nika x Allora
• @nika_labs and @AlloraNetwork have formed a strategic collaboration to enhance AI-based gaming
• Allora Network, a decentralized AI network, helps Nika Labs leverage AI for fairness and security in gaming, and develop tools like NDK for game creators
• Nika ‘Sense’ uses Allora’s AI for token/NFT price predictions, enhancing the prediction market experience
• ‘NikaOS’ provides an AI-powered platform for game development
Artifact x Eclipse
• @relic_dao’s Artifact Lab, a privacy-focused ad-tech platform, has partnered with @EclipseFND, an Ethereum L2 powered by the Solana Virtual Machine, to enhance user data control and monetization
• Eclipse integrates Solana's performance with Ethereum's liquidity, creating a scalable L2 for decentralized applications
• Artifact's Data Staking Protocol allows users to monetize their data while preserving privacy, and this partnership enables Eclipse users to generate passive income by staking their data
Orange Points
• @0xOrangeFinance is launching the "Mission to the Moon" Orange Points program on Aug 6, with a TGE scheduled for Q1 2025
• In Chapter 1, "The Countdown," users can earn points through specific on-chain activities and referrals. Points can be earned by meeting conditions across 21 partner protocols and referring friends. Upcoming chapters will introduce more ways to earn points and incentives
• Orange Finance aims to enhance DEX LP profitability through LPDfi, utilizing idle assets for derivative trading to boost revenue
Summer’s Double Rays
• Starting today and for all of August, every Multiply and Yield Loop action on @summerfinance_ will earn users double the $RAYS rewards
• This applies to opening, adjusting, or closing positions across all networks and protocols
• Multiply lets you amplify your exposure to your collateral, while Yield Loops boost your earnings on an asset
• The campaign ends on Aug 31
Limitless on Arbitrum
• @limitlessdefi will publicly launch on Arbitrum Mainnet on Aug 6, with a four-week incentivization campaign ending on Sept 1
• Users can earn points by opening leveraged trading positions, providing liquidity, and referring others
• Rewards include $LESS tokens and $esARB tokens, with the top 2,000 users receiving $LESS tokens and the top 500 receiving $esARB, which can be unlocked into $ARB by continuing to earn points post-campaign
• LMT points will be updated daily and reset at the campaign's start. Beta testers will also be rewarded with $LESS tokens based on prior points earned
• The $LESS Token is one of Limitless' preliminary tokens, released during the incentivization campaign on Arbitrum. $LESS holders will be eligible for the native governance token $LIMIT and will receive at least 1% of its supply. $LESS, $NZT, and LMT points will be key in earning $LIMIT
Aigisos Airdrop
• The @aigisos Genesis Rolldrop allocates 90 million $AIG tokens (9% of the total supply) to the community in two phases: one for the broader crypto community and another for Aigisos Phoenix incentivized testnet users
• Eligible categories for the Rolldrop include: Those who staked at least 1 $DYM on the Dymension blockchain as of Jul 23. Users who traded on GMX and at least one of DYDX, Synthetix, Perpetual, or Pika by Jul 30. Gitcoin donors and Earndrop contributors
• The claim process is sign-less, requiring only a wallet address for verification. Unclaimed $AIG will be redistributed to successful participants
Introducing Fractility
• @fractality_fi introduces their rebrand from Y2K to Fractility
• Fractality allows users to deposit assets into a lending vault and receive Ftokens. Ftokens transform users’ assets into yield-bearing collateral earning from 15% to 40% APR in base yield
• The Ftoken also provides leveraged yield to the user’s underlying deposit asset during bull market conditions as it appreciates, and provides a base yield in bear market conditions as the user’s deposit asset drops in price. This yield comes from deploying users’ collateral into a composite strategy that leverages funding rate arbitrage on CEXes and DEXes and other DeFi yield strategies
• Fractility is currently going through final rounds of audits and aims to launch a beta version on Arbitrum and Hyperliquid L1 in Q4
Zircuit Mainnet Phase 1
• @ZircuitL2 announced that Mainnet Phase 1 is officially live
• Along with mainnet launch, the Zircuit team introduced Season 1 Airdrop with 7% of the Zircuit Token (ZRC) supply allocated for Season 1
• There is also a Gas Mining reward program where users get ZRC tokens based on the gas they spend on transactions. For every ETH spent, users get 125% back in ZRC tokens. Tokens are sent directly to users’ wallets and is currently non-transferrable
Misc News
• @celatone_ acquired by @initiaFDN
• @BananaGunBot announced that Banana Gun Bot is now on Solana
• @gm_dot_ai announced that users have less than 24 hours to convert diamonds to $GM tokens
• @RenzoProtocol announced that the Season 2 claim checker is now live
• @Ronin_Network’s bridge was exploited but frontrunned by a whitehat MEV bot
• @aori_io is now live on @base
• @Contango_xyz partners with @ether_fi, offering a 3x Ether.Fi and 2x Contango points mutiplier
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*