GM Digest #411 — I DON'T WANT TO PLAY WITH YOU ANYMORE
Good Morning with Valuable Alpha / News
Friendtech Team Renounces Control of the Smart Contracts
• @friendtech team renounced ownership of the smart contracts due to the slow growth on the platform
• This effectively locking the current system in place and preventing further changes. This also indicates that the team will likely stop building since new changes won’t be able to be implemented anymore
TabiChain Node ETF
• @Tabichain’s Node ETF lowers the barriers to mining participation by introducing Mini Nodes, offering a more accessible and low-cost entry point compared to Captain Nodes
• It operates on a three-tier structure: Consensus, Custody, and Application layers
• The Consensus layer generates mining rewards through Captain Nodes, while the Custody layer simplifies node operation and maximizes user rewards
• The Application layer leverages Tabi's social media presence to integrate Mini Node operations with minimal effort. Mini Nodes provide lower initial investment and operational thresholds, with computing power at 1/200 of a Captain Node
Alex V2
• @ALEXLabBTC V2 integrates AMM with order book trading, using @XLinkbtc for cross-chain liquidity, enabling seamless trading across Bitcoin Layer 1 and Layer 2
• V2 offers a decentralized trading platform for BTC holders, eliminating the need for wrapped tokens and simplifying cross-chain trading
• It also introduces advanced order matching and single-sided liquidity provision
vDEX on Sei
• @vDEX_ai uses @SeiNetwork’s parallel EVM to stabilize vUSD, a yield-bearing asset, by managing large trading volumes and rebalancing liquidity
• Sei’s technology enables real-time arbitrage, making vDEX suitable for high-frequency traders
• vDEX can expand its perpetual futures and options markets without traditional scalability constraints
Polymarket Token Speculation
• @decryptmedia published an article on a potential token launch for Polymarket
• Although Polymarket did not announce plans for a token, the Polymarket community thinks that a token launch is likely. It is also noteworthy that the platform is not charging any transaction or subscription fees despite raising $70m during its series B
• Polymarket users have also noticed an increase in volume signaling that users could actually be trying to farm the potential airdrop
Misc News
• Sonic achieves time to finality of 720ms