GM Digest #427 — Bull Trap?
GM Digest #427 — Bull Trap?
Good Morning with Valuable Alpha / News
SSV Alan Fork
• @ssv_network has launched the Alan Fork on testnet, a major upgrade to improve scalability and performance
• The network since its December 2023 mainnet launch has grown and is currently securing 1.4M ETH and over 43,000 validators
• Alan Fork optimizes consensus by reducing messages and CPU load through committee-based consensus and better message distribution. Tests show up to 90% improvement in CPU and network usage
Treasure DAO L2 on ZKsync
• @Treasure_DAO is launching its decentralized game console on the Elastic Chain, after a 99.5% community vote
• The Treasure L2 will be built using ZK Stack as part of the @ZKsync ecosystem, with a public testnet called "Topaz" in progress and mainnet expected to launch in 1.5-2 months
• Treasure's core products, including the app, marketplace, and Magicswap, will be upgraded for ZK Stack support
• A token swap between Treasure and the ZKsync Foundation will follow the approved DAO proposal
LogX TGE
• @LogX_trade Foundation has launched the $LOGX Airdrop checker for users who participated in LogX V1 and the Testnet
• Select active DeFi users from protocols like Uniswap, Aave, and GMX may receive a special allocation
• The token generation event was on Sept 24. Airdrop Season 2, called the Fair Play Rewards Program, will start right after the TGE
Nolus Tokenomics
• @NolusProtocol is proposing a new inflation model for its $NLS token to ensure sustainability
• Currently, $NLS emissions start high and decrease sharply over 10 years. The new proposal reverses this, with lower emissions initially that increase gradually over 8.5 years, aiming to align inflation with ecosystem growth
• This change aims to stabilize inflation between 3.1% and 4.3%. A governance vote will determine whether the change is implemented
Tokemak Autopilot
• @TokemakXYZ announced that Autopilot has launched and incentives are live
• Autopilot is an LP aggregator that autonomously monitors and routes liquidity across a configurable set of pools (Autopools). The earnings are autocompunded and liquidity is automated
• Autopools are ERC-4626 vaults which represents eligible destinations for liquidity rebalances across a set of LP positions and these LP tokens are composable throughout DeFi. The current pools live at launch are:
⇢ autoETH: Their flagship autopool featuring ETH LST pools deployed on Curve and Balancer
⇢ autoLRT: Restaking Autopool featuring ETH LRT pools across Curve and Balancer while also taking into account for points using implied rates from Pendle to optimally rebalance liquidity
⇢ balETH: Autopool developed in collaboration with Balancer rebalances LPs exclusively across ETH LST/LRT Balancer pools.
EGP Launch
• @Eigenpiexyz_io announced that they will be launching today with multiple listings planned such as on Bybit, KuCoin, Gateio, Bitget, HTX, MEXC and Pancake Swap
• Their IDO on the Magpie launchpad ended at $56.79m FDV with $3.38 raised in total
Misc News
• @OndoFinance has submitted proposals to @SkyEcosystem's Spark Tokenization Grand Prix