GM Digest #430 — CZ is Back | Token Unlocks to Watch For
GM Digest #430 — CZ is Back | Token Unlocks to Watch For
Good Morning with Valuable Alpha / News
Shell Protocol Shutting Down
• Cowri Labs no longer has the resources to continue developing Shell Protocol and the Shell Dapp
• Shell DApp Shutdown: The DApp will cease operations post-November 30, making direct smart contract interaction necessary for future token management • User Tokens: Tokens are safe but users should withdraw before November 30 due to the potential shutdown of the Shell DApp.
• Cowri Labs will distribute remaining SHELL rewards as per governance decisions.
Significant Token Unlocks
• Token unlocks of OP, SUI, DYDX, STARK, and more are coming
• $OP significant token unlocks of $60m in 17 hrs
• $STRK unlocks of $17m in 22 hrs
• $MAV unlocks of $5m in 1d 7h
• $DYDX unlocks of $9m in 2d
• $SUI unlocks of $54m in 3d 4h
DeFi-R on SORA
• DeFi-R on the @sora_xor blockchain introduces a regulated token economy using Soulbound Tokens (SBTs), which act as digital passports tied to a user's blockchain wallet
• This system enables financial institutions to participate in decentralized finance (DeFi) while ensuring strict compliance
• DeFi-R offers flexible and scalable management of tokens, with upcoming features like regulated liquidity pools and token swaps
Bucket Points
• The @bucket_protocol Point System allows users to earn points through activities within the Bucket Protocol, which can later be redeemed for rewards, including future $BUT airdrops
• Points are earned by borrowing $BUCK with collateral or staking $BUCK in savings pools. Integration with external projects like Strater provides additional ways to earn points
• The system is designed to reward active participation, with points determining eligibility for future rewards. The system is powered by LiquidLink, allowing for accurate tracking of user engagement and points. The leaderboard ends in Q4 2024, before the Bucket TGE
gTrade on Base
• @GainsNetwork_io has launched gTrade on the Base network with a gUSDC vault to establish liquidity. Protocol-owned over-collateral will be migrated from Polygon to Base to support the vault
• Liquidity development will be driven by partnerships with Timeswap Labs and Maverick Protocol, allowing users to earn rewards and take loans using gUSDC
• In the first four weeks, the governance fund will receive extra support through a buyback mechanism, after which $GNS staking returns to normal
Introducing Windfall
• @windfall_verse introduced Windfall, the first gaming based LST built on Solana
• Rewards are generated from SOL deposits which are converted into windSOL an LST from @sanctumso, which generates staking returns from @fragmetric. These returns are pooled together in a prize pool
• Windfall has a variety of casual and luck based games in collaboration with such as Bonk and MadLads. The team also plans to expand to a variety of DeFi protocols such as @KaminoFinance, @EclipseFND and @ZeusNetworkHQ
Router BuyBack and Burn
• @routerprotocol is a modular farmework for cross chain interoperability and has introduced buyback and burn with fees and nitro liquidity farms
• The team will be burning 100% of the net revenue from Nitro to buy back and burn $ROUTE
• V2 also has a Daily Rewards Distribution of 5000 $ROUTE a day for ETH, USDC and USDT pools
Misc News
• Robinhood and Revolut are reportedly mulling potential native stablecoins
• CZ is back