GM Digest #426 — Pure Alpha Episode
Good Morning with Valuable Alpha / News
Metaplex Aura
• The @metaplex Foundation has launched the Metaplex Aura Network, a decentralized indexing and data availability system for Solana and its Virtual Machine (SVM)
• Aura addresses key challenges like slow and costly blockchain data retrieval, by offering a decentralized network of nodes that index and manage asset data
• Powered by the $MPLX token, Aura ensures real-time data availability, scalable asset management, and state compression for improved performance
Fjord x Honeypot
• @honeypotfinance has partnered with @FjordFoundry to offer token launches on the Berachain ecosystem
• Fjord Foundry brings token launch models like Liquidity Bootstrapping Pools (LBP) and Fixed Price Sales, while Honeypot Finance offers its Fair Token Offering model
• The partnership will integrate both platforms, providing a wider array of launch options
Eigenpie Alpha
• @Eigenpiexyz_io launching Public Round, ending in about ~6 hours
• Public Round is currently at $20m FDV, around 2% supply and 100% unlock at TGE
• Private Round is $3m FDV, around 36% of the supply but you had to put your ETH and earn points for this (unless you’re a whale, the allo was quite small for retail). Vesting is 6m cliff + 2yr vesting
• Quick FDV/TVL maths — $REZ of Renzo is trading at $430m FDV with $1bn TVL (0.43) | $ETHFI of EtherFi at $1.5bn FDV with $5.3bn TVL (0.28). $EGP should be trading at least at $280m FDV using peers comparables
• This is a clear 20x+ from current FDV. The final FDV of EGP will likely not be $20m but will be $50m+. That’s still at least a 3 - 5x play at TGE
Rocko is Live
• @rockodefi has launched a platform allowing for secure loans using crypto as collateral. Users can access competitive rates from DeFi protocols, starting with Compound
• Future plans include expanding support for more DeFi protocols and collateral options
Flayer TGE
• @FlayerApp is launching its $FLAY token with a total supply of 1 billion tokens
• At launch, 54% will be circulating, with key allocations to NFTX (33.35%) and FloorDAO (16.65%) holders
• Liquidity provision accounts for 4%. The remaining 46% includes 30% reserved for the Flayer Treasury, 20% for Flayer contributors (vested over 2.5 years with a 6-month cliff), and 6% for operational uses
• Contributor tokens will only be unlocked if $FLAY reaches a $75 million FDV
Chasm Node Sale
• @ChasmNetwork announced the launch of their Node Sale where users can run nodes and be a part of a decentralized Mixture-of-Models network
• Scouts (the node operators) will curate and host the best models across various categories to strengthen the network, allowing builders to efficiently utilise AI models
• The Node Sale will begin on September 25 2pm UTC
Fuel Phase 2 Points Program
• @fuel_network announced Season 2 of their Points Program beginning after the launch of the Fuel Mainnet
• During mainnet launch, Phase 1 participants will be able to bridge their pre-deposited funds to mainnet allowing users to interact with dApps on Fuel while also earning points
• Users will be able to earn 4 types of points:
⇢ Activity Points: Earned by deploying assets to qualifying dApps
⇢ Gas Points: Earn points on every $ value spent on gas fees
⇢ Passive Points: Earn points at minimum rate of 1 point per dollar
⇢ Loyalty Multiplier: Phase 1 participants will get a 1.25x multiplier
Misc News
• Celestia $100m fundraise round led by Bain Crypto
• Polymarket considers launching a token to raise over $50m
• EigenLayer expects to remove transfer restrictions on the EIGEN token from September 30