GM Digest #402 — Solana Restaking

Good Morning with Valuable Alpha / News

Acre LST Live on Mezo

• @AcreBTC's liquid staked Bitcoin, stBTC, is now live on @MezoNetwork, allowing users to mint stBTC against their existing tBTC or WBTC deposits

• This provides liquidity while earning yields through BitcoinFi applications. Minting stBTC unlocks up to 90% of your Bitcoin's value

• Users can further enhance their returns by participating in Curve's liquidity pools and earning bonus rewards, like Mezo's "mats”

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Solayer Raises $12M

• @solayer_labs, a Solana restaking protocol, announced a $12M funding round led by @polychain

• Solayer uses an integrated design to improve Solana’s transaction inclusion rate and scalability

• The platform allows users to stake $SOL not only to decentralize the network but also to secure bandwidth for dapps

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Smilee Beras

• @SmileeFinance Beras, an NFT collection that started as a joke, quickly sold out and saw its value increase 10x on OpenSea

• Though it has no explicit utility, it offers holders exclusive perks in the Smilee and Berachian ecosystems, including access to upcoming NFT collections and future airdrops

• Smilee Beras are essential for unlocking future benefits within Smilee and participating in a Private Testnet where you can earn even more rewards

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EMC Testnet & Raise

• @EMCprotocol has successfully raised $20M, with support from @ambergroup_io & @PolygonVentures

• Edge Matrix Chain, the AI-focused blockchain, is currently live on a public testnet, offering participants a chance to earn $EMC tokens through a mining airdrop

• Participants need a Windows device, an EMC-compatible wallet, and can mine using CPU or GPU. Additional rewards are available through referrals and active community engagement

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Derive x Etherfi

• @derivexyz (formerly Lyra) is partnering with @ether_fi to generate real onchain yield for ETH restakers

• Users can now earn up to 30% APY, Etherfi points and $DRV when they deposit into Derive’s structured products

• Currently there are 3 structured products namely:

⇢ weETHBULL: Earn up to 25% APY when ETH is up

⇢ weETHC: Earn up to 30% APY when ETH is flat or down

⇢ weETHCS: Earn up to 20% APY when ETH is flat or down, with extra upside protection

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Router Chain x Osmosis

• @routerprotocol announced that they have integrated with @osmosiszone, the leading Cosmos DEX

• This partnership bridges the Cosmos ecosystem with Tron via Router Chain and users can now move their USDC, USDT and TRX between Osmosis, Tron and other supported chains

• Additionally, $USDT and $TRX deposited via Router Chain are now part of Alloyed USDT and Alloyed TRX, a system that consolidates various asset versions into a single and fungible token. This system consolidates multiple bridged versions of an asset into a unified token, allowing for seamless 1:1 swaps with no slippage via the CosmWasm Transmuter smart contract

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Introducing Prediction Markets on 100x

• @100xfinance announced that users can now trade prediction markets on the 100x platform

• Users can simply trade Prediction Markets from the same toggle used to select perp markets and trade prediction markets under one cross-margin account with 0 fees

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Misc News

• @splice_fi is now live on @LineaBuild

• @fraxfinance introduced Frax Name Services