GammaSwap TGE
• @GammaSwapLabs, the perpetual options protocol is launching its token, $GS using an LBP
• $GS can be staked to earn protocol revenue in ETH, escrowed GS (esGS) rewards, and Multiplier Points (MP)
• esGS, earned through staking and liquidity mining, can be further staked or vested over 30 days. MP points increase APR on ETH rewards without inflation and are burned proportionally if $GS or esGS is withdrawn
• The total supply of $GS is 1.6 billion, with allocations for the treasury, core team, investors, and liquidity mining. The vesting schedule for the core team and investors involves a 12-month cliff and subsequent linear vesting
• The Liquidity Bootstrapping Pool (LBP) launch is on Aug 30, followed by an airdrop
Chaos Labs Series A
• @chaos_labs has raised $55 million in a Series A funding round led by Haun Ventures to advance its onchain economic security products and risk management solutions
• The funding will support the development of new products that integrate offchain market data with onchain risk management, enabling real-time, dynamic updates for decentralized finance DeFi apps
• Currently, Chaos Labs is securing $860 billion in trading volume and $25 billion in loans across more than 20 protocols, including Aave and GMX
Introducing Minitswap
• Minitswap, live on @initiaFDN's Public Testnet, enables near-instant L2 to L1 withdrawals, addressing the typical 7-day delay in optimistic rollups
• Integrated with Initia's ecosystem, it has processed over 600,000 swaps and facilitated the withdrawal of 1,250,000 INIT tokens
• Minitswap uses a single, large $INIT token pool for efficient, low-slippage swaps between L2s and L1
• It also employs mechanisms like Peg Keeper Swaps and internal rebalancing to optimize liquidity and security, allowing for capital-efficient transfers across Initia's rollups
Introducing ArFleet
• @aoTheComputer introduces ArFleet, a temporary data storage solution on Arweave
• ArFleet will be launching at a community event on August 29 and will introduce the protocol as well as a demo showcase
• Users who sign up will receive 3 exclusive ArFleet Genesis Passes which grants users testnet access after launch
DOGS Airdrop
• @its_airdrop announced that users can now claim their $DOGS Telegram airdrop
• Users who have been long time Telegram users will be able to claim by simply connecting to their Telegram
• Users have until August 20 to claim and the tokens will be delivered to them by then
Misc News
• Rodeo Alamo v2 is live where users can deposit LST, LRT, stables as collateral to leverage and earn farm ARB rewards