GM Digest #417 — Borrow Against Locked Assets
GM Digest #417 — Borrow Against Locked Assets
Good Morning with Valuable Alpha / News
Usual Roadmap
• @usualmoney is nearing the launch of its governance token ($USUAL), which will offer ownership in the protocol. So far they have reached $225 million TVL and $10 million in projected revenue
• The Pills campaign, ending in November, rewards users with an airdrop for early participation
• $USUAL staking begins mid-November, granting governance rights and a share of revenue
• Usual plans to expand with new collateral options, yield mechanisms, and synthetic assets in 2025, further integrating into DeFi and TradFi
PumpBTC on Movement
• @Pumpbtcxyz is integrating Bitcoin staking into @movementlabsxyz DeFi
• Bitcoin LSTs will allow idle Bitcoin to earn yield securely within the Movement ecosystem
• This integration enhances liquidity by connecting Movement with Ethereum, introduces a new asset class, and offers modular benefits for other DeFi apps
Eigen x Arbitrum
• @eigen_da announced a new rollup stack integrating EigenDA with Arbitrum Nitro
• This setup combines EigenDA’s data availability with Arbitrum’s fraud proofs, ensuring security without compromising the rollup's optimistic design
Ape Activator
• @apeterminal has launched the Ape Activator, a mentorship-driven accelerator for startups
• It offers support in fundraising, tokenomics, strategic advisory, community growth, and user acquisition to help startups scale
Introducing Click Fun
• @Clickdotfun is launching on Sept 23, offering a platform for community-driven meme creation
• It features a mobile-friendly cross-chain Telegram Miniapp with customizable upvotes, quests, and referrals
• Contributions on the platform are tracked with leaderboards, and devs can airdrop rewards based on community input
Introducing Positions
• @PositionsFi introduced Positions, a liquidity reEnabling protocol allowing users to borrow against their locked assets across @EigenLayer, @Karak_Network, @Symbioticfi and more
• Positions introduced the Unified Collateral Manager allowing users to migrate or create positions across staking, restaking, Uni V3/V4, yield aggregators etc. to further collateralize and use it across multiple protocols
• Additionally, there is a Coordinated Lending/Borrowing Protocol which is a cross-chain lending borrowing protocol that allows users to borrow assets, or supply to earn APR and rewards
• The team announced that the testnet is now live and users can start interacting to start earning rewards