GM Digest #431 — Slow Weekend

Good Morning with Valuable Alpha / News

xChain Lending

• @FolksFinance has launched xChain Lending, a platform allowing users to deposit assets on one blockchain and borrow from another without wrapping or bridging

• Initial deployment includes Avalanche, Base, and Ethereum, with BNB Chain, Arbitrum, and Optimism to follow

• The system uses Chainlink, Wormhole, and Circle's CCTP for crosschain messaging and liquidity

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Yelay Token

• @YieldLayer, a decentralized yield infrastructure platform announced their $YLAY token

• The main feature are the Infrastructure Credits (IC), which are earned by staking $YLAY, and are required to access Yelay’s smart contracts

• This should create demand for $YLAY as businesses scale their services

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Introducing Uniquid

• @UniquidLayer has launched its BTC staking product, offering unified liquidity management to maximize Bitcoin returns across multiple blockchains and platforms

• It aggregates Bitcoin liquidity and ensures security through Anonymous Decentralized Validation

• The platform integrates with Restaking protocols, allowing users to stake their BTC for optimal returns without dealing with fragmented ecosystems

• Uniquid also offers LiqBTC, a cross-chain liquidity staking certificate similar to WBTC

• Uniquid plans to complete its protocol framework in 2024, adding Restaking-as-a-Service in Q3 and a liquidity module in Q4. The testnet will launch in Q1 2025 with validator nodes, followed by the mainnet launch between Q2 and Q4

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Xion x Sei

• @burnt_xion announced that they will be integrating with Sei bringing chain abstraction to the Sei ecosystem

• This integration introduces the flow of assets through IBC, unlocking new opportunities for cross-chain interoperability within the Sei network and expanding XION’s chain abstraction solution to devs and users

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Introducing Artela Star Guidelines and Incentive Plan

• @Artela_Network unveiled the Artela Star Guidelines and Incentive Plan for their community

• Artela’s Star Community structure consists of:

⇢ Art Stars: Artela Foundation members

⇢ Super Stars: Beginning with 6-8 members with Artela Ambassadors being eligible to apply directly for Super Star status and 2-3 new members being promoted each month. New Super Stars will also be selected if an existing one steps down

⇢ Stars: Initially 3000 members selected by Artelians with selection being based on engagement in campaign missions and community engagement

• There is also a dynamic incentive plan for the Star Program and the team has allocated 1% of total tokens per year will be distributed to Star Program as rewards