GM Digest #441 — Bitcoin Week
Good Morning with Valuable Alpha / News
Bitcoin Uprising
• @Bedrock_DeFi’s Arbitrum Bitcoin Uprising, launched on Oct 7, offers Bitcoin holders on Arbitrum a chance to restake their Bitcoin as uniBTC and earn from a pool of 150,000 $ARB tokens, Babylon Points, and 42x Bedrock Diamonds
• The campaign, which runs until Jan 7, 2025, involves partner platforms like Camelot, Ramses, and PancakeSwap
• Participants can mint uniBTC and stake it across these platforms to earn rewards
Beraborrow x Liquity
• @beraborrow, a borrowing protocol on @berachain, has acquired an exclusive license to launch @LiquityProtocol V2
• Beraborrow will be able to provide better redemption management, the use of interest rates to balance borrowing demand and incentivize liquidity, and multi-collateral support
• Liquity V2 brings further updates, such as user-set interest rates, improved redemption mechanics, and eliminating the Recovery Mode
O3 Layer on Orbit
• @O3Layer_ is a modular Layer 3 protocol built on Bitcoin that leverages @arbitrum Orbit tech
• By using Orbit, O3 Layer achieves faster transaction finality, lower fees, interaction with Ethereum Layer 1 and Arbitrum, and easier asset bridging
Swell Loyalty Bonus
• @swellnetworkio is implementing a Loyalty Bonus to reward early and consistent community members as part of its 8.5% SWELL token allocation for the Voyage program
• Of this, 1.5% is set aside for loyal participants, calculated based on two factors: how early users joined Swell and their ongoing commitment, measured by their Pearl earnings across epochs
• The bonus does not depend on the total amount staked or Pearls earned but rather on timing and participation consistency
Penpie Resumed
• @Penpiexyz_io announced that Penpie is officially unpaused and resumes operations after audits by security firms
• Users in affected pools will now be able to withdraw remaining assets proportional to their share of the pool. Users in unaffected pools will remain fully operational and users can continue using its services
• Penpie will also launch new pools aligned with recent deployments from Pendle Finance offering more rewards for LPs. Lastly, users can also participate in the Penpie Voting Market and lock additional PNP tokens to increase their voting power and optimize potential rewards
Introducing Musubi
• @ramonrecuero introduced Musubi Chainless Swaps where users can swap assets across Ethereum without leaving their Kinto insured wallet
• Musubi reintegrates the fragmented liquidity across the Ethereum ecosystem allowing users to swap with the highest liquidity. It features:
⇢ Non-custodial chain abstracted swaps
⇢ Unties fragmented liquidity to unite the Ethereum ecosystem
⇢ Assets remain insured in your Kinto wallet
• Musubi works by finding the best liquidity across chains, executes swaps and returns assets to users’ wallets seamlessly while having a built-in identity layer which eliminates bots and minimizes fraud
• This will also be extended to all DeFi primitives such as lending/borrowing, perps and RWAs
Misc News
• @ivx_fi announces integration with @KodiakFi. Users will be able to earn yield while trading on IVX