GM Digest #387 — mARKET is ded
Good Morning with Valuable Alpha / News
Defi Money Whitelist
• @defidotmoney has launched its "Guarded Release," offering priority access to a select group of whitelisted users
• This new platform introduces $MONEY, a decentralized stablecoin, and allows users to mint, stake, and deposit it into Curve stablepools to earn yield and points
• The release is cautious, with conservative debt ceilings and gradual user additions to ensure security
• Users can join the whitelist by completing tasks through the defi.money guild on https://guild.xyz/defimoney
Introducing deUSD
• @elixir’s $deUSD is a fully collateralized synthetic dollar within the Elixir ecosystem, minted using stETH and sDAI
• It creates a delta-neutral position by shorting ETH, while capturing positive funding rates
• As the preferred collateral within Elixir's ecosystem, $deUSD will be accepted across various DEXes and centralized exchanges, deepening orderbook liquidity and offering more yield
Overtime v2
• @OvertimeMarkets, a decentralized sports betting platform, is now live on Arbitrum. This expansion to introduces several important features and improvements
• Users who have traded over $100 on Arbitrum can claim a 23 $ARB Free Bet as part of a special airdrop
• The platform also adds new collateral options, including $ARB, alongside existing options like USDC, ETH, and $THALES tokens
• $THALES tokens offer users bonus payouts and automatically burn fees, reducing the total supply
• Key upgrades in Overtime v2 include live markets for real-time betting, expanded betting options across various sports and events, improved odds that align with traditional sportsbooks
Introducing AVS Rewards Mainnet Launch
• @eigenlayer introduces AVS Rewards Mainnet launch enabling AVSs to provide rewards to stakers and operators
• The frontend has also been upgraded to allow stakers and operators to track and claim rewards
• @eigen_da will be the first AVS to distribute rewards to stakers and operators
Camelot DEX x Duck Chain
• @CamelotDEX announced that Camelot will launch on @Duck_Chain, first L2 on Ton and the first non-Ethereum settled @arbitrum Orbit chain
• Duck Chain integrates with the TON Ecosystem while being EVM compatible. It will use $TON as its native gas token allowing multiple tokens for gas payments through abstraction, facilitating the flow of liquidity and users from the EVM and BTC ecosystems into TON, via DuckChain
• Camelot will be the native DEX on Duck Chain providing liquidity infrastructure to the ecosystem. Duck Chain’s mainnet is anticipated to be live this coming month
Misc News
• @elixir integrates @PythNetwork for market data for $deUSD
• @Dolomite_io will deploy on @SuperseedXYZ's mainnet, offering over-collateralized loans, margin trading, and broad token support