Threshold Network Proposal to Merge wBTC
• @TheTNetwork, a blockchain protocol focused on digital privacy and interoperability. It offers solutions like cryptography for secure transactions and cross-chain bridges for communication between different blockchains
• The proposal suggests “Combining WBTC’s user base, integrations, liquidity, and brand recognition with tBTC’s decentralized custody and permissionless bridging mechanism can better achieve BitGo’s stated objective of multi-jurisdictional and multi-institutional custody” instead of the JV with Justin Sun
• The general sentiment has been quite positive on the proposal and BitGo seems to be open for discussion. Remains to be seen how this will unfold
Fragmetric LRT
• @fragmetric introduces $fragSOL, the first Solana-native LRT with unique reward distribution and slashing ratios
• $fragSOL uses Solana's token extension to accurately distribute rewards based on holding time and employs a Normalized Token Program to manage slashing across different LSTs
• $fragSOL is based on Jito (Re)staking VRT, and it is a product of Fragmetric and @jito_sol partnership
Introducing Shadow Registry
• @shadowxyz is a platform that provides pre-written "shadow contracts" stored on IPFS, making it easier for devs and data analysts to access and use on-chain data without writing smart contract code
• Users can download these contracts for free, run them on the Shadow platform or their own node, and use the generated data logs
• The registry, supported by top protocols like Uniswap, Frax, Pendle and Yearn, simplifies the process of obtaining rich contract data, and promotes broader adoption
GammaSwap Airdrop
• The @GammaSwapLabs ($GS) Airdrop has increased its allocation from 32M to 48M $GS tokens (3% of supply) due to community feedback
• The distribution is based on a points program for early users. Notably, there is a curve applied to prevent top wallets from receiving a disproportionate share
• The airdrop begins on Sept 9, with tokens released weekly over 8 weeks, and no vesting period. Additionally, 0.2% of the supply is allocated to pufETH holders
• GammaSwap LBP is now live — The LBP will last from Friday, August 30th 1pm UTC - Monday, September 2nd 1pm UTC. It’s hosted on Gamma on Arbitrum HERE
deBridge Token Launch
• @deBridgeFdn, a generic messaging and cross-chain interoperability protocol that enables anyone to build powerful cross-chain applications is launching on Jupiter
• DBR will be the first launch that doesn’t have a bonding curve component with concentrated liquidity bins, which was part of all the past LFG events and controlled initial price discovery
• Check HERE if you’re eligible / whitelisted for the public launch
Centrifuge x Morpho
• @centrifuge announced that they will have the first RWA lending market on @base using the @MorphoLabs protocol
• This will be the first institutional grade lending market integrated with Coinbase Verifications allowing investors to streamline their onboarding process
• Users can now collateralize and borrow against:
⇢ @anemoycapital's Liquid Treasury Fund (LTF)
⇢ @MidasRWA's Short-Term US Treasuries (mTBILL)
⇢ @Hashnote_Labs' US Yield Coin (USYC)
Introducing IP Restaking
• @verio_story introduced IP Restaking as the first IP Validation Service
• Verio pioneers IPFi with a dual-staking model, liquid staking + IP Restaking. Users stake IP to receive vIP, earning yield while capital stays unlocked. Users can then restake vIP on IP Assets to earn additional real yield
• The more vIP is staked on an IP Asset, the more consensus there is around its validity, the more creators will try to innovate around the IP Asset, the more licensing fee and royalty the original owner will receive
Misc News
• @TimeswapLabs live on @berachain testnet
• @Ascend_fi introduces $GREEN, a new stablecoin backed by Ethereum LRTs that earns yield