GM Digest #416 — Market Up
GM Digest #416 — Market Up
Good Morning with Valuable Alpha / News
Money Points Program Live
• The @defidotmoney Money Points Program is live, allowing users to earn $MONEY by minting, staking, or being LP
• Points are earned through these actions and can boost rewards during the protocol’s bootstrap phase
• Users earn 5 points for every $MONEY borrowed, 1 point for staking (with a multiplier up to 2x), and 10 points for staking LP tokens
• Locking tokens for 10 epochs (~30 days) maximizes the multiplier, and veCRV holders get up to 66% bonus points. Performance is tracked every 3 days
NEAR x Nillion
• @NEARProtocol is integrating @nillionnetwork's Blind Computation and Blind Storage technology to enhance privacy within its Layer 1 blockchain ecosystem
• NEAR's strengths—Nightshade Sharding for performance and WebAssembly for smart contracts—will now include Nillion's privacy tools
Pear Protocol FPS
• @pear_protocol is a platform for pair trading, allowing users to take long-short positions with up to 60x leverage using USDC as collateral
• It has achieved over $80 million in trading volume and $180,000 in revenue shortly after launch
• Pear aims to integrate advanced tools like VWAP, TWAP, AI/ML-based trading insights, and thematic trading baskets
• 10% of the token supply will be up for sale at $0.02 ($20M FDV), with no vesting for initial participants and a planned 12-month liquidity incentive program afterwards. The sale will take place on @FjordFoundry in the from of a FPS (Fixed Price Sale)
• The $PEAR token offers benefits such as revenue sharing, fee reductions, and governance
Introducing SAX
• @sax_trade introduced SAX, the only Attention Betting market on Base allowing users to trade culture and bet on virality and hype directly
• This is different from the standard token trading or prediction markets betting. Users just have to decide if the ending Virality Score will be above or below the starting point. The virality score is based on the engagement and and number of tweets around the hashtag and ranges from 0-100 with 0 being dead and 100 being the most viral
• There is a Jackpot which is split based on how early, how much and at which Virality Score users are betting on. The lower the risk, the lower their reward
Pancake Introduces Prediction Telegram Bot
• @PancakeSwap introduced their predictions Telegram bot for BNB predictions on the BNB chain
• Users can now use the Predictions app on their TG app. To play predictions, users will only have to forecast BNB prices every 5 mins
• Additionally, the team will be allocating $4,444 into a reward pool for the Predictions Telegram Bot users to win
Misc News
• Magic Account from @SocketProtocol is live
• @AllezLabs joins @KaminoFinance as official contributors
• Polymarket hits $1bn ahead of the US Election