GM Digest #397 — We're Back ?
Good Morning with Valuable Alpha / News
We’re Back
• The entire market surged after the comment made Jerome Powell saying that the US inflation is on track to return to 2% while suggesting potential interest rate cuts
• The timing and pace of rate cuts will depend on incoming data and the evolving economic outlook. BTC & ETH increased by 5.4% and 3.4% respectively, hitting $64,000 and $2,700 level
Introducing Nucleus
• @nucleusearn is a platform that provides default yield generation for users interacting with various networks, such as rollups and app-chains
• By bridging assets like ETH, BTC, and USD into Nucleus-supported networks, users can earn yield automatically. You’ll be familiar with this if you ever bridged onto Blast
• The yield is generated through secure revenue strategies like staking, lending markets, and restaking infrastructure
• Nucleus aims to offer rollups a way to embed yield at the network layer
Tanassi x Symbiotic
• @TanssiNetwork has expanded its blockchain infrastructure protocol to Ethereum, allowing developers to quickly launch AVSs
• This is achieved through a partnership with @symbioticfi, enabling networks to leverage staked ETH for security
• Tanssi simplifies the complex and lengthy process of deploying decentralized networks, offering customizable tools and templates
Corn Retroactive Airdrop
• @use_corn is a new Ethereum L2 network that uses a hybrid tokenized Bitcoin (BTCN) as gas with a focus on high-yield opportunities
• Corn just launched a retroactive airdrop of its native points, called Kernels, to users who have interacted with popular DeFi protocols like Ethena, Maker, Pendle, etc.. rewarding them with an airdrop, and early access to deposit and earn even more Kernels
• These Kernels will later convert into $CORN tokens once the mainnet is live
• What is nice is that you can earn yield by simply depositing assets like WBTC, wETH, USDC, DAI and more, with no lockups and no penalties for withdrawal. There are also additional incentives through deposit multipliers on certain assets
PacBot 2.0
• @Pacbotapp 2.0 introduces Refundable Keys, allowing users to deposit $ETH to join trading groups ("gangs") without the risk of losing their investment
• Deposits are fully refundable when users leave
• The system splits yield from deposits between the gang creator and the protocol to enhance prize pools
Introducing Soneium
• @soneium introduces Soneium by Sony Block Solutions, an Ethereum L2 connecting Web2 and Web3
• The Soneium is partnering with the @AstarNetwork and the Astar zkEVM will be undergoing a transition into the Soneium Ethereum L2
• The Astar team confirmed that the $ASTR token will play a key role within the Soneium L2 ecosystem and Soneium will directly compliment the Astar ecosystem
• Soneium also announced that they will be launching the Soneium testnet with the OP Stack soon
Introducing NewStable and NewGovToken
• @MakerDAO announced updates for the new revamped version of DAI and $MKR, NewStable and NewGovToken
• DAI will remain available indefinitely and users can choose to upgrade to NewStable with the option to revert back to DAI anytime
• $MKR will also be available for voting on governance proposals and eventually NewGovToken (NGT) will be introduced for voting. The conversion will be 1 MKR = 24,000 NewGovToken (NGT) during the upgrade
Misc News
• @KodiakFi announces Panda Factory, a pumpfun-like platform for launching new tokens
• @OverlayProtocol live on @Berachain testnet
• @NEARProtocol introduces Nightshade 2.0