MakerDAO Rebrands to Sky
• @SkyEcosystem introduces new tokens $SKY as governance token (1 MKR to 24,000 SKY), $USDS in place of $DAI
• Early users will received boosted rewards — you can start by heading to Sky Website, complete the steps, and become eligible for boosted Sky Token Rewards
Nillion Verifier
• The @nillionnetwork Verifier program lets participants ensure data integrity in it’s network
• As a Verifier, you upload data ("secrets") weekly and run a Verifier node that maintains data shares across multiple nodes, preventing data loss
• Participating early as a Verifier can potentially pay off in the future in the form of an airdrop
Goldilocks Tokenomics
• @goldilocksmoney announced the distribution and mechanics of $LOCKS tokens within the Goldiswap AMM
• $LOCKS tokens have an elastic supply that increases with buying pressure and decreases with selling pressure
• The system features two key liquidity pools: the Floor Supporting Liquidity Pool (FSL), which ensures that the floor price of $LOCKS can only rise over time, and the Price Supporting Liquidity Pool (PSL), which supports the market price above the floor
• Initially, 190 million $LOCKS tokens will be issued, with 34 million allocated to the team (permanently locked and staked, meaning they can't be sold) and 156 million allocated to seed investors, which will be locked and staked, unlocking gradually over 12 months
• The system allows seed investors and the team to borrow against the floor price of their tokens without selling them, which helps maintain market stability and ensures liquidity access
• Additionally, LOCKS holders can participate in the governance of Goldilocks DAO and its DeFi protocols
Introducing BeraScout
• @BeraBoyzGG announced ‘BeraScout’, a new platform on Berachain offering a hub for launching and promoting meme tokens
• It limits spam launches by requiring a $100 stake in $BOYZ token, and has a mechanism in place to prevent rug pulls developed by @honeypotfinance
• There is also a leaderboard that ranks developers based on past success, incentivizing good behavior
• Additionally, they redistribute platform fees to users and developers, turning BeraBoyz holders into stakeholders
Balancer Goes Superchain
• @Balancer announced that they are expanding into the Optimism Superchain ecosystem with deployments on Mode and Fraxtal
• @modenetwork will be leveraging on Balancer’s 80/20 LP tech and have 80/20 pools for $MODE/ezETH and $MODE/USDC. On the other hand, Balancer’s launch on @fraxfinance’s Fraxtal will solve Fraxtal’s need to efficiently manage and grow interest-bearing liquidity, without leaking value through its in-built rate provider. Initial pools on Fraxtal will be sFRAX/sDAI, FRAX/USDe, sFRAX/sUSDe/sDAI and sFRAX/sfrxETH
• Additionally, @AuraFinance is expanding onto Base allowing users to lock their $AURA tokens and to stake their $AURA in the new AURA/USDC E-CLP Gyroscope pool, providing enhanced liquidity and trading efficiency and stake $BAL and $80BAL20WETH to earn auraBAL, further boosting yield opportunities
• Lastly, Optimism has launched their Superfest campaign offering over 1.5m in $OP in incentives and Balancer is distributing around 45,000 $OP to selected pools on Fraxtal and Mode, alongside access to Jumper XP
Introducing Echo Protocol
• @EchoProtocol_ announced that they have officially launched on @Aptos. Echo is a Bitcoin liquid restaking and yield infrastructure on the MoveVM
• They will be introducing a new category of liquid assets to the Move ecosystem by collaborating with BTC Layer-2 solutions, including Babylon, and supports various BTC liquid staking tokens
• aBTC will be Echo’s flagship product, a cross-chain, liquid Bitcoin token backed 1:1 by BTC. Echo also has the Echo Bridge allowing users to bridge their uBTC in exchange for APT rewards and has just launched Echo Lend on mainnet enabling users to deposit aBTC and receive up to 12% APY, along with additional rewards such as B2 tokens, U Points, Echo Points, and APT
• Lastly, the team announced eAPT, a liquid restaking token in collaboration with the Aptos Foundation. eAPT is a liquid-staking token that users receive when they stake APT or aBTC with Echo LSD. Users can stake eAPT to secure and run consensus mechanisms for any MoveVM AVS while still participate in DeFi
Misc News
• @OndoFinance’s $USDY available on @Arbitrum
• @soneium announced Minato Testnet & Sonium Spark, builder-focused program
• TON resolves Blockchain overload issues, it’s now producing blocks again
• Ethereum Foundation has shared through Josh Stark’s post here