Osmosis Orderbooks
• @osmosiszone has introduced a new feature. Limit orders powered by Onchain Orderbooks
• This allows users to buy, sell, and swap assets with more control, particularly by setting specific target prices for their trades
• The Onchain Orderbooks ensure that trades can be executed without slippage once the desired price is reached, outperforming traditional liquidity pools in terms of fees and execution
• Osmosis Orderbooks are designed to function without market makers or arbitragers, using existing volume to fill limit orders, making them immediately effective
Origami Seed Raise
• @origami_fi has raised $1.5M in a seed round from investors, including DAOs and angels, to further its development of a protocol that offers automated leverage on Berachain
• Origami has already achieved over $50M in TVL with its delta-neutral vaults on Ethereum, allowing users to easily leverage farm popular protocols
• The funds will be used to expand Origami's offerings on Berachain, where users can trade leveraged positions as tokens, taking advantage of Berachain’s unique consensus mechanism
Ramenomics
• @ramen_finance shared a deep dive on their tokenomics design
• 61% of the platform’s $RAMEN tokens will be allocated to community incentives, primarily through gRAMEN, a governance token
• These incentives will reward early participants, NFT holders, and active community members. The protocol opted not to seek venture capital to prioritize community benefits
• Ramen Finance is a platform that offers tools for liquidity and token distribution on Berachain
Convergence Vote Concluded
• @Convergence_fi held a critical vote to decide the future of the project after a recent exploit crashed the price of the $CVG token. There were two options:
• Redemption: Liquidate assets and distribute them to $CVG holders and seed investors, effectively ending the project
• Transition to Tangent: Keep the assets, rebrand as Tangent, and continue developing new DeFi products. Seed investors and $CVG holders will be compensated with new $TGN tokens
• The voting concluded today and the community voted in favor of the second option which means Convergence will re-brand and continue as Tangent
Mina Introduces New Token Standard
• @MinaProtocol introduces their new fungible token standard empowering developers to create custom tokens
• Mina’s fungible token standards feature custom token creation, unique token identifiers, supply control, transfer capabilities and a zkApp integration allowing developers to create zero knowledge applications that interact with these tokens
• This opens up a potential for a diverse ecosystem including tokenized RWAs, in game currencies and rewards systems, DEXes and lending platforms, governance tokens and stablecoins and synthetic assets
Karak x Hyperbolic
• @Karak_Network introduced @hyperbolic_labs, the AI Coprocessor for Karak
• Hyperbolic is developing a DSS for its PoSP network on Karak, enhancing the security and efficiency of decentralized systems, including AI, blockchain rollups, and data availability networks
• The 2 teams will be working together to develop cutting edge AI solutions
Misc News
• @GammaSwapLabs LBP starts on Aug 30 with $3.5M mcap and $70M FDV
• @OrderlyNetwork announced that their staking and claims are now live