GM Digest #444 — RIP ETH
Good Morning with Valuable Alpha / News
Uniswap L2
• Unichain, announced by @Uniswap Labs, is an Ethereum L2 designed for DeFi offering low-cost, decentralized, and fast transactions
• It aims to reduce transaction costs by 95%, introduces one-second block times (with future sub-second blocks), and improves transaction speed and transparency using a trusted execution environment (TEE)
• Unichain will have it’s Unichain Validation Network (UVN) to address risks in single-sequencer rollups by using decentralized validators for faster and more secure finality
• Validators stake $UNI on Ethereum mainnet and validate blocks on Unichain, earning rewards based on their stake-weigh
• Unichain is part of the Optimism Superchain and comes with multi-chain swapping and cross-chain liquidity accessible through Uniswap's interface and wallet
Contango Fjord Fixed-Sale
• @Contango_xyz will be launching its $TANGO token via @FjordFoundry’s fixed-sale mechanism, the 21st of October at 12:00 UTC
• Up to $3M TANGO (6.7% of the supply) will be up for grabs via a fixed-price sale on Fjord curated by @JiraiyaReal, from Monday 21st to Monday 28th of October 2024, with no cliff or vesting, at a $45M valuation
• Contango is one of the top Defi looping protocol that allows users to loop strategies while using the lending liquidity of top lending protocols like AAVE, Compound, Fluid, Zerolend, and more
Thruster Airdrop
• @ThrusterFi has launched it's governance token $THRUST, allowing eligible users to claim their share
• 35 million tokens, representing 7% of the total supply, will be airdropped to over 135,000 users. The airdrop consists of 50% THRUST and 50% veTHRUST, which is min-staked for 13 weeks
• Users can participate in governance, earn protocol fees, and vote on emission allocations. veTHRUST represents a time-weighted version of staked $THRUST, with longer lock times yielding more governance power
Introducing xOS
• @hashflow’s xOS (Exchange Operating System) enables exchanges to run fast, centralized operations while using blockchain to prove key computations, ensuring safety, transparency, and performance
• xOS allows creation of provable exchanges that separate the service layer (for efficient operations) from the settlement layer (for verifiable security)
• Users retain control of their assets, can verify exchange claims, and exit anytime
• xOS integrates Celestia for data availability and RISC Zero for zk-proof computation
Othentic Mainnet
• @0xOthentic has officially launched on Ethereum mainnet, offering devs the tools to build dApps, services, and infrastructures
• The Othentic Stack simplifies building decentralized products by offering programmable consensus engines, peer-to-peer networking, and ready-to-use smart contracts
• It also simplifies AVS development by abstracting complexities like consensus, networking, and attestations
Introducing Arrakis DVMM
• @ArrakisFinance introduced the Arrakis DVMM, the first MEV aware onchain market maker
• The Arrakis DVMM will be using mechanisms to recapture MEV, improve LP profitability and to hyperscale global onchain liquidity through a trustless framework
• Arrakis’ first solution is HOT, a MEV aware AMM that uses an intents model to make LPing more sustainable. This will give passive LPs access to active market making strategies and run auctions to recapture MEV
Introducing Steps
• @driaforall introduces Steps, a leaderboard keeping track of each task in the Dria Knowledge Network and the number of ‘Steps’ that users’ nodes have completed
• Their upcoming Dashboard and SDK will generate synthetic data through multiple tasks, each composed of Steps. Different nodes in the network execute these Steps, with the network automatically selecting the nodes with the most suitable models for each specific data generation task
• More tasks completed means more synthetic data is generated which means more Steps are earned
Misc News
• TRON Founder, Justin Sun, has been elected as the prime minister of the micronation, Liberland.