GM Digest #440 — CHINESE PUMP
Good Morning with Valuable Alpha / News
Chinese Stonks Up Bigly
• Chinese stocks up 25%+ during the past two weeks driven by aggressive stimulus package in China
• 50 bps cut + injecting $284bn into the economy + household stimulus, $114 per month per child to all households with two or more children, excluding the first child
• We’re at the precipice of a period where China fuels the bull run for Crypto instead of the US
Introducing dTRINITY
• @dTRINITY_DeFi is a lending protocol that offers subsidized stablecoin loans to reduce borrowing costs and boost yields. It uses a decentralized stablecoin called dUSD, backed 1:1 by an on-chain reserve of stable yield-generating assets like sFRAX, sDAI, and sUSDS
• dTRINITY is currently live on testnet, with plans for a mainnet launch on Ethereum and Fraxtal in Q4 2024
• In Q4, the team will finalize audits, launch mainnet, deploy liquidity pools, and secure additional partnerships
0G dAIOS
• @0G_labs is transforming into the first decentralized AI Operating System (dAIOS), providing decentralized AI infrastructure by coordinating storage, computation, and data availability
• Its modular architecture includes 0G Storage, 0G Data Availability, and 0G Serving, enabling decentralized AI workflows
• 0G also supports scalable, on-chain AI applications, with fast and low-cost infrastructure that integrates with Web3 projects across gaming, DeFi, and rollups
Synthetix Reboot
• @synthetix_io announced that SR-2 has passed and Synthetix will undergo a reboot
• The protocol will be undergoing some changes:
⇢ $SNX token redesign
⇢ Operationalized SNAX Chain
⇢ Restart work on Synth Teleporters
⇢ Increased BD and Marketing
⇢ Perps V3 feature expansion and V2X deprecation
⇢ V3 perp multichain proliferation
• There will also be a new governance model and the previous 3 Councils (Spartan, Treasury and Ambassador) will be dissolved and is replaced with 1 Spartan Council made up of 7 seats each with equal voting power
Introducing Gateway
• @Gateway_xyz introduced Gateway, the decentralized private computer unlocking programmable cryptography
• Gateway Protocol aims to be the singular protocol for data by creating an interoperable data lake with encrypted vaults and universal data formats, coupled with a privacy-preserving computation layer centered on the Gateway Virtual Machine (GVM). The GVM is a Turing complete virtual machine that features:
⇢ Turing completeness
⇢ End-to-end encrypted compute
⇢ Verifiable comute
• By leveraging GVM’s novel cryptographic primitives, Gateway Protocol enables verifiable untethered data processing which in turn allows for secure computation without compromising data privacy or integrity
Misc News
• Router Protocol to utilize @symbioticfi's permissionless restaking to bring Ethereum’s security to Cosmos
• Metaplanet (JP company) purchased another 109 BTC