GM Digest #419 — WLFI
GM Digest #419 — WLFI
Good Morning with Valuable Alpha / News
Trump Launches WLFI Token
• Donald Trump, along with his team, has launched World Liberty Financial, introducing a governance token named WLFI
• Approximately 63% of the WLFI tokens will be sold to accredited investors in the United States under SEC Regulation D, which allows for the sale of unregistered securities to sophisticated investors
• 17% set aside as community rewards and 20% is reserved for team & advisors
• World Liberty Financials aims to offer users access to DeFi tools, focusing on what's described as secure, high-yield crypto investments
Core Season 2
• @Coredao_Org Ignition Drop Season 2, the incentive program for the Core blockchain, went live on Sept 12 with rewards aimed at devs, dApps and users
• In Season 2, badges and teams from Season 1 carry over but they also revamped the Spark mechanics
• Season 2 also introduces gamified engagement, games, team play mechanisms, and rewards for increased social media activity
RISE Seed Round
• @rise_chain, a new Layer 2 solution, has raised $3.2M in seed funding led by Finality Capital and joined by major backers like OrangeDAO and Polygon Ventures
• RISE introduces the "Gigagas Era," surpassing current EVM chains' bandwidth limits by achieving over 1 billion gas per second (Ggas/s)
• It does this with a parallel EVM execution engine (pevm), a Continuous Block Pipeline, and innovations like a Versioned Merkle Tree and custom RiseDB database
• Currently the testnet is live, and they are inviting builders to develop high-performance DeFi and dApps
Introducing Print Protocol
• @PrintProtocol, built on Solana, introduces PrintDex, a DEX aimed at improving DeFi by utilizing Token 2022, a new standard offering advanced functionalities like Transfer Hooks
• These features allow programmable tokens with custom logic, tackling issues like block sniping and simplifying taxation by converting native tokens to $SOL
• Additionally, PrintDex accrues value to the $PRINT token through fees and buybacks
Introducing Marginal
• @MarginalDEX is a DeFi protocol launching on the Berachain blockchain, leveraging Berachain's PoL mechanism to grow liquidity
• Key features include permissionless leverage trading without auto-deleveraging, slow liquidations, and physical settlement to prevent bad debt and ensure fair payouts
• The protocol has integrated with top Berachain projects like KodiakFi, InfraredFinance, and others in the Berachain eco, and is currently live on the bArtio testnet
Introducing Semantic Layer
• @SemanticLayer introduced Semantic Layer, a programmable transaction layer
• Users and dApps will now be able to specify how their transactions should be sequenced
• This takes back power from block builders who traditionally control the order of transactions to the users and dApps who make up the majority of the transaction order flow
Misc News
• @DIMO_Network marketplace offers insurance policies on your car, health or life to users in Portugal through a collaboration with DS Insurance
• @LayerLabs_ partners with @AvailProject, meaning all Layer Labs rollups and appchains will use Avail for DA
• Permissionless Labs raised $10m from Multicoin & Solana Ventures
• MicroStrategy is selling $700 million more in convertible senior notes to buy back debt and more bitcoin