GM Digest #385 — We're Uncle Ben
Good Morning with Valuable Alpha / News
Skate 1st Stateless App
• @skate_chain introduced the 1st Stateless App — Live on 20+ chains with one single state
• The first use case / campaign that will be run is assembling skateboard with parts across different chains
• Phase 2 and 3 of our pilot rollout will expand to include TON, Solana, Eclipse, and more
Introducing OP_NET
• @opnetbtc is a new metaprotocol designed to bring advanced smart contract capabilities to Bitcoin, overcoming limitations of previous efforts like Ordinals and BRC-20
• Unlike its predecessors, OP_NET allows for full Turing-complete smart contracts, enabling DeFi, NFTs, and more on Bitcoin
• It integrates with Bitcoin without requiring any Bitcoin Improvement Proposals (BIPs), using native Bitcoin as gas token and supporting multiple programming languages through WebAssembly
• Additionally, OP_NET introduces a single-address system compatible with all Bitcoin address types (Taproot, SegWit) for easy and secure smart contract interaction. Unlike Ordinals and Runes, OP_NET contracts are virtualized in the OP_NET VM (OP_VM), reducing risks like accidental token spending. Users can interact with OP_NET using their existing wallets without modification
Blackbird Updates
• @blackbird_xyz’s $FLY is a loyalty and rewards currency designed to help restaurants enhance profitability and customer engagement
• It's live and allows diners to pay at participating restaurants using $FLY, which can now be purchased with USDC or earned through app check-ins
• Restaurants benefit from reduced processing fees and can use $FLY to create customized promotions
• Additionally, Blackbird is launching Flynet, a transaction network powered by the F2 gas token. Currently, 130 million $FLY are in circulation, making it a liquid and practical tool for the restaurant industry
Introducing Stork
• @StorkOracle is an open data marketplace designed to overcome the limitations of traditional blockchain oracles
• Stork for Realtime is a low-latency (sub-millisecond) decentralized price feed for any blockchain, allowing for ultra-fast data processing similar to traditional finance
• It operates off-chain with a decentralized network of data publishers, providing cryptographically signed price updates that protocols can selectively push on-chain
• This architecture reduces costs and improves performance, addressing issues like infrequent updates and limited asset availability. Stork's components include a decentralized publisher network, off-chain oracle infrastructure, and on-chain verification tools
Introducing ORDER
• @OrderlyNetwork announced that $ORDER is coming soon and announced features such as staking, rewards, Omnichain OFT standard and governance
• Users who stake their $ORDER will receive 60% of trading fees paid out in USDC. The earlier and longer a token holder stakes, the greater the value they will accure through a measure we call “Valor”. Staking $ORDER will also allow users utilizing an Orderly Network-integrated DEX to earn additional rewards
• Lastly, $ORDER will also be used for governing the protocol. $ORDER will be using the OFT standard allowing the token to be sent across all blockchains. One billion $ORDER will be created at genesis. 55% to the community, 35% to team, advisors & investors, and 10% to the Orderly Network foundation for liquidity, grants, and related endeavors
Introducing HYPE
• @hyperlane_fdn introduced the Hyperlane Foundation and $HYPE. The Hyperlane network is an interoperability solution allowing devs to connect anywhere onchain and build applications that can easily and securely communicate between multiple blockchains
• The team introduced $HYPE, a token that will establish an alliance between motivated users of the Hyperlane network. The Hyperlane Alliance will represent the interests of users and developers who collectively shape the future of the Hyperlane network and ecosystem. Members of the Hyperlane Alliance will also oversee a grants program, which recognizes meaningful contributions to the Hyperlane network