GM Digest #413 — Hmmmmm
GM Digest #413 — Hmmmmm
Good Morning with Valuable Alpha / News
Vertex Vertical Program
• @vertex_protocol is launching the $VRTX Vertical Program to create a more sustainable incentive model for its token, $VRTX, following its growth since launching on Arbitrum
• Stage 1, starting Sept 11, reduces $VRTX emissions by 50% and changes the Maker/Taker rewards split to 75/25%. It also shifts the reward epoch from monthly to weekly
• Future stages will include increased Maker rebates, expanded community incentives, a new staking and loyalty program, and more $VRTX utility
Paxos x Arbitrum
• @Paxos, a regulated blockchain infrastructure and tokenization platform, is expanding to @arbitrum
• This integration will bring real-world assets on-chain, tapping into Ethereum’s liquidity with faster, lower-cost transactions
• The partnership aims to enable institutions to create financial products on Arbitrum's network
• Paxos' regulated approach ensures compliance with financial regulations, and the collaboration marks Arbitrum as the first L2 network Paxos supports
SwissBorg x Morpho
• @swissborg, a European fintech platform, has launched a USDC Earn product powered by @MorphoLabs, making it easier for users to access DeFi directly through the SwissBorg app
• This product, built on customizable Morpho Vaults and tailored by Gauntlet, offers users safer, risk-adjusted yield opportunities by focusing on lower-risk assets like WBTC/USDC and wstETH/USDC
Defi Money Live
• @defidotmoney is now live on Optimism and Arbitrum, introducing a L2 optimized protocol that enhances liquidity for long-tail assets and integrates innovations from crvUSD
• Key features include broader collateral support, simplified user experience, improved stability with LLAMMA, and native cross-chain interoperability
• The protocol is built for scalability and reduced costs on Layer 2, offering volatility protection, arbitrage incentives, efficient oracles, and advanced tools like flash loans and market hooks
Introducing KyberZap
• @KyberNetwork introduced KyberZap allowing users to easily provide liquidity
• KyberZap will be able to:
⇢ Simplify the liquidity provisioning to CLAMMs making it as easy as a Token Swap
⇢ Minimize price impact when swapping between tokens using Kyber’s in-house aggregator
⇢ Eliminates and small balance leftovers after swapping
• KyberZap has the potential to evolve and enable users to also remove their LPs, migrate LP positions between different DEXes and to also adjust position ranges within the same pool
ZetaChain x bitSmiley
• @zetablockchain announced that bitUSD — the first native BTC-backed stablecoin by @bitsmiley_labs is live on testnet
• In this collaboration, ZetaChain and bitSmiley introduced a novel protocol layer built on Tapscript as part of the Bitcoin Taproot upgrade allowing for Bitcoin interoperability
• BTC holders will now be able to deposit native BTC and mint bitUSD allowing users to participate in DeFi across different chains and dApps. ZetaChain ensures that all this can be done without requiring users to wrap their BTC or rely on other intermediaries
• bitSmiley is currently integrated on Testnet and is expected to go live with a frontend app on ZetaChain Mainnet Beta in Q4. Developers can now start building Universal Apps that involve bitUSD on ZetaChain testnet
Misc News
• @turtleclubhouse boosted Potions now available for @elixir
• @maplefinance launches USDT lending with 50% drips boost for the first 25M
• @PlayOnGeist x @CamelotDex — Camelot launches on Geist (Geist is a new L3 powered by Base, Arbitrum, Alchemy, and of course, Aavegotchi)