GM Digest #435 — Downtober For Real
Good Morning with Valuable Alpha / News
Usual x LayerZero
• @usualmoney, a stablecoin protocol with over $250M in TVL, is partnering with @LayerZero_Core to expand beyond Ethereum into multiple blockchain networks
• This integration will allow Usual's tokens (USD0, USD0++, and USUAL) to operate across Layer 2 platforms like Arbitrum and Optimism
Introducing LODE
• @LodeTrade is a new DEX built on Berachain, aiming to offer limitless trading pairs, liquidity, and scalability
• Unlike traditional DEXs LODE uses @symm_io's intents-based architecture to provide access to infinite liquidity and over 285 trading pairs at launch, with up to 60x leverage
• It also offers innovative yield-generating products like Resource Harvesting Vaults. Built on Berachain's Proof of Liquidity model
Aleo Record Model
• @AleoHQ's record model, based on the ZEXE cryptographic protocol, enhances privacy and security in decentralized systems by extending the UTXO model
• Unlike the account model (used by Ethereum) where anyone can view account activities, Aleo's record model encrypts and stores user data, assets, and application states on-chain
• State updates happen by consuming and producing encrypted records, preserving privacy. Aleo chose this model because it supports programmable privacy, improves efficiency, and addresses concurrency issues, making it more scalable and secure than account-based models
Benji on Aptos
• @FTI_DA has launched its OnChain U.S. Government Money Fund (FOBXX) on the Aptos blockchain, marking its fifth blockchain integration
• This fund, accessible through the firm's Benji Investments platform and $BENJI token, allows institutional investors to hold it in digital wallets on Aptos
• FOBXX invests in low-risk U.S. government securities and aims to improve interoperability of real-world assets across non-EVM blockchains. Initially launched on Stellar, FOBXX expanded to Polygon, Arbitrum, and Avalanche
Introducing HyveDA
• @Hyve_DA introduced HyveDA, a high throughput data availability layer secured by @symbioticfi
• Hyve will be the first ever DA layer to have 1 GB/s throughput at launch and instant DA proofs. It will feature high throughput, sub-second latency and horizontal scalability
• Hyve will be using Symbiotic’s modular restaking infrastructure for its security
Introducing Hoenn
• @hoenn_fi introduced Hoenn, a protocol for unifying LRT liquidity while isolating slashing
• Hoenn is a CDP based protocol that aggregates liquidity of LRTs while isolating slashing risks, enabling more restaking strategies without sacrificing liquidity or security. Users can deposit LRTs as collateral in their vault to mint synthetic tokens, such as cvETH, which are pegged 1:1 to the base asset and is composable throughout DeFi
• At anytime, users can then redeem their deposited LRT along with any AVS or SSN rewards
Misc News
• @puffer_finance announced that UniFi AVS is now live on @eigenlayer