GM Digest #428 — China Pamp Incoming
GM Digest #428 — China Pamp Incoming
Good Morning with Valuable Alpha / News
Zero1 x Ocean Protocol
• @zero1_labs is partnering with @OceanProtocol. This collaboration allows Zero1 Labs to improve AI accuracy and performance through Ocean Protocol's secure data exchange
• Ocean Protocol's technology enables tokenization of data and AI models, offering monetization opportunities and access to global data providers
• $DEAI has seen significant price increase of 150% in the past 14 days, driven by the $TAO / AI hype
New Season on EtherFi
• @ether_fi's new season of rewards is underway, with Ether.fi stakers already accumulating points. $EIGEN and $ETHFI tokens will be claimable soon
• The new reward season runs from Sept 15, 2024, to Jan 31, 2024, and offers multiple token rewards based on loyalty points
• A new token, LRT², will simplify restaking rewards by bundling them into one token, allowing holders of weETH and eETH to claim rewards weekly
Swell x Symbiotic
• @swellnetworkio is partnering with @Symbioticfi to decentralize and secure Swell L2 infrastructure through restaking its upcoming $SWELL token
• The restaked $SWELL, along with tokens like rswETH and swBTC, will provide Swell L2’s security
• Symbiotic networks will provide decentralized services such as sequencing and automation. Stakers of SWELL will earn rewards and gain liquidity via rSWELL, which allows them to use their restaked assets elsewhere in DeFi while continuing to support Swell L2
Introducing Spicenet UMAs
• Unified Margin Accounts (UMAs) on @spicenetio simplify trading by allowing users to manage a single margin account across multiple platforms, improving capital efficiency for futures, spot trading, and loans
• UMAs enable the creation of synthetic assets and innovative financial strategies, such as using futures positions as loan collateral
A16Z Invests in AminoChain
• @TheBlock__ announced that A16Z has invested in @Amino_Chain, a decentralized Biobank and L2 network
• AminoChain allows medical institutions to install the “Amino Node” software and integrate it with its existing tech stack. The Node Software will then source data from all providers and bring credible neutrality to the network allowing devs to source data from a multitude of medical bodies and build any number of patient-centric applications
• The first app to be built on the AminoChain will be the Specimen Center which is a P2P marketplace for bio-samples
Truflation Hacked for $5m
• Coinbase Ventures-backed crypto project @truflation was hacked for about $5 million from "treasury multisig and personal wallets," according to ZachXBT
• Truflation is currently offering rewards for Whitehat Assistance and is trying to reach out to the attacker, opening negotiation to recover the assets
Introducing Moar Market
• @MoarMarket introduced Moar Market, a credit layer built on Move
• Moar Market introduces the concept of Composable Leverage giving users credit (up to 25x) to use across DeFi protocols. This will allow users to unlock newer yield strategies and supercharge existing yields. Moar Market will also launch a Margin Trading DEX, utilizing its underlying Credit Protocol, to provide up-to 25x leverage on trading assets
• With Moar Markets, users will be able to:
⇢ Leverage Farm up to 25x
⇢ Execute trades with up to 25x leverage via ThalaSwap and LiquidSwap
⇢ Earn yield via lending
Misc News
• @vertex_protocol announces season 2 of $SEI trading incentives
• @MitosisOrg is an Ecosystem-Owned-Liquidity L1 blockchain that redefines the LP experience. The team announced that the Game of Mito (GM) Waitlist is open
• China is contemplating a significant capital injection of up to $142 billion (1 trillion yuan) into its largest state banks. This move, which would be the first of its kind since the global financial crisis in 2008, aims to bolster the banks' capacity to support the struggling economy
• LayerZero activity surged 433% after the second airdrop announcement