GM Digest #412 — Yen Stablecoin
GM Digest #412 — Yen Stablecoin
Good Morning with Valuable Alpha / News
Japanese Yen Stables
• Sony Bank is working on a Stable Yen token, aligning with Japan's $4.5 trillion GDP adapting to blockchain technologies
• The Stable Yen token is expected to integrate with Soneium for use in Sony products like PlayStation
• This initiative explores applications in gaming and sports, leveraging Sony's intellectual property. Sony's video game division filed a patent for using NFTs in gaming, enhancing digital asset management
Rabby GasAccount
• @Rabby_io introduces GasAccount which simplifies gas payment — Deposit USDT/USDC and easily pay gas fees for all your addresses on any network
• There’s no need to hold gas tokens anymore. Rabby estimates the gas for your transaction, sends it to your address, and submits your transaction on-chain
• You pay gas fees for Rabby to send the gas to your account. There’s no extra fee that Rabby takes
Nectar Raise
• @TryNectarAI, an AI platform, has raised $3.9 million in a Seed Round to build uncensored and decentralized AI companions
• Initially focused on image generation, Nectar expanded to immersive AI experiences, including roleplay and fantasy products
• The platform allows the creation of AI companions that interact through images, video, and text
• The funding will help Nectar enhance multimodal capabilities and integrate on-chain interactions
Origin LST Live on Base
• @OriginProtocol’s Super OETH, a new liquid staking token offering higher yields, is now live on the Base network with an initial 24-hour APY of 13.5%
• It leverages Base's Layer 2 incentives, enhancing returns beyond traditional Ethereum LSTs
• Super OETH integrates with Aerodrome's liquidity pools, compounding rewards automatically, and is expected to expand to other Layer 2 networks
• Along with this launch, Origin Token ($OGN) is now available on Base as well
Universal Accounts
• @ParticleNtwrk’s Universal Accounts are launching. The release will occur in two stages: Early Access (starting Sept 9) and Public Beta
• Universal Accounts simplify Web3 by unifying addresses, balances, and gas payments across multiple blockchains, including Ethereum, BNB Chain, Arbitrum, Optimism, and Base
• Early Access will allow users to create accounts using any Web3 wallet, social login, or biometric data, with a single address for all assets across supported networks
• Public Beta will introduce advanced features and additional network support
PIN AI Raise
• @PINAI_IO, an AI infrastructure company backed by @a16zcrypto, secured $10M in pre-seed funding to develop an open-source, privacy-focused alternative to Apple Intelligence
• The startup aims to create the first Personal Intelligence Network (PIN), enabling AI agents to operate on users' devices while preserving privacy
• The decentralized platform, accessible on a wide range of devices, will use blockchain technology to allow users to securely manage and monetize their personal data
Defillama Launches LlamaFeed
• LlamaFeed is designed to be your go-to landing page for up-to-date info across crypto.
• LlamaFeed updates every minute and lets you organise and select the sections that matter most to you. Try it HERE
Gearbox Leverage LBTC
• @GearboxProtocol launches Leverage @Lombard_Finance's LBTC to access native BTC yields through @babylonlabs_io and earn 3X boosted Lux
• With Gearbox, you can borrow up to 9X WBTC and swap it to create a leveraged LBTC position
Misc News
• The first NFT powered by @arbitrum Stylus is live, ‘Infinite Rainbows’ **by @jimenabuenavida. You can mint 5 for free
• @EclipseFND introduces $tETH, Unified Restaking Token (URT) , combining the largest yield-generating protocols on Ethereum
• @SnapshotLabs launch Snapshot X, an all-in-one solution that unites the DAO governance flow, making life a little easier for DAO citizens