GM Digest #418 — Sound Money / Sad Money
GM Digest #418 — Sound Money / Sad Money
Good Morning with Valuable Alpha / News
DeGods Token
• @DeGodsNFT is introducing $degod, a new token on Solana with a supply of 10 billion. DeGods, y00ts, and $DUST can be converted into $DEGOD for a fixed amount
• The token has distribution across 41,241 holders on four chains, with the top 10 holding only 9.3% of the supply
• 3% of $DEGOD will be sold via a discounted bonding curve to seed liquidity, after which it will be tradable on Raydium
• Purchases on the curve are capped at 33.3 $SOL. Conversion to $DEGOD is optional with no additional benefit
New YieldNest LRT
• @YieldNestFi has launched the first $BNB LRT called $ynBNB on BNB Chain, enabling $BNB holders extra yield through restaking
• This token allows users to earn additional rewards by restaking between protocols like Kernel, Karak, and Binomial
• Holding $ynBNB provides users rewards such as YieldNest Seeds, AVS yields, with a 5x Seeds Boost for early participants
TuumIO’s Event Handlers
• @tuum_io's Event Handlers provide a scalable, efficient solution for Web3 by combining the speed of Web2 with the security of blockchain
• Unlike smart contracts, they don’t require consensus, enabling faster execution while maintaining on-chain verifiability
• This boosts Web3's scalability and performance, making it suitable for enterprise-level applications
Rumpel Mainnet
• @RumpelLabs is a point tokenization protocol and has announced that Rumpel is now live with liquid points from @ethena_labs, @symbioticfi, @ZircuitL2 and @Karak_Network
• These points are wrapped into Point Tokens and Point farmers can mint and sell them as they accrue. Users are earning up to 9.8% in real yield by tokenizing and selling their points, all without principal capital lockups
• There is also currently 0 protocol fees at launch until the foreseeable future. The team has also unveiled Rumpel Straw, their native point and only Point Farmers with Early Access can access the Rumpel Portal and begin earning straw. Additionally, the team also announced their @galxequest and will be awarding users with extra straw if they use Rumpel by Oct 1
Misc News
• @UmamiFinance extends $ARB incentives for 2 more months