GM Digest #398 — TON Dip Buying Opp?
GM Digest #398 — TON Dip Buying Opp?
Good Morning with Valuable Alpha / News
Eigenpie Season 1 Ends
• @Eigenpiexyz_io has concluded Season 1 of its rewards program, where users accumulated Eigenpie Points by depositing ETH LSTs and minting LRTs on the platform
• These points entitle users to an $EGP token airdrop and an IDO allocation
• 10% of $EGP tokens will be distributed to Season 1 participants: 6% immediately and 4% after Season 2
• Season 2, starting on Augt 15, continues point accumulation for 6 months, with 5% of $EGP tokens allocated based on points earned during this period
Zero1 Tokenomics Update
• @zero1_labs has updated its tokenomics after a community vote on Jun 13,where voters agreed to extend the vesting schedule for all tranches
• This change ensures that no more than 1.5% additional tokens will be added to the supply over the next 18 months for the original investors
• Zero1 Labs, which has no VC investors or large unlocks, will hold another vote in Q4 2024 for a token burn to further reduce supply
Baseline Markets
• @BaselineMarkets introduced a new platform for launching and scaling Baseline tokens, which are designed to create a rising floor price (BLV) and continuous price discovery through programmatic liquidity
• This platform introduces a perp lending system and collaborates with projects, starting with @MachiBigBrother and @machidotxyz token
• Baseline aims to address issues in the industry such as low float, high FDV tokens, and insider deals by offering a new approach
• The platform will feature multi-token trading, more efficient leverage, and upcoming token launches, all benefiting $YES holders and the YES Afterburner
Optimism Adopts ERC-7683
• @Optimism is improving cross-chain interoperability within the Ethereum ecosystem by adopting ERC-7683, a standard for cross-chain intents co-authored by @AcrossProtocol and @Uniswap labs
• This initiative aims to unify the Superchain, a network of Layer 2 chains, by integrating Across' intents-based bridging solution
Introducing stTAO Intelligence Chips Rewards
• @TensorplexLabs introduces stTAO Intelligence Chips Rewards
• Users can now stack Intelligence Chips by holding stTAO on Ethereum or Base, provide liquidity for stTAO/ETH or stTAO/USDC on Ethereum or Base or by bridging TAO to Ethereum via the Tensorplex bridge
• Additionally, users can earn extra Chips via sharing their referral code with friends and followers
• Existing stTAO holders and LP providers have Chips retroactively distributed to them and Pendle YT-stTAO holders and LPs will have their Chips distributed later on
Telegram Founder Arrested
• @TheBlock__ reported that Pavel Durov, CEO and founder of Telegram has been arrested by the French authorities
• @ton_blockchain released a statement that the TON blockchain will remain functional
• Over the past 12 hours, $TON’s price fell 17% from $6.80 and is currently sitting at $5.66. And over 50% of the TVL has already escaped from TON ecosystem, leaving the current TVL at $311m
Misc News
• @rage_trade RTIP-1 voting concluded in favor of implementing Buyback and Burn mechanism
• @Rivalz_AI announced a successful $9M raise across multiple rounds for their RollApp built on top of @dymension