GM Digest #446 — Off The Grid = Carrying Web3 Gaming?
Good Morning with Valuable Alpha / News
$120m Arbitrum Gaming Fund Callback
• According to the Block, A new proposal would see Arbitrum’s DAO recall nearly $120 million worth of tokens from the organization’s Gaming Catalyst Program after its apparent failure to meet several deadlines outlined in its original proposal
• The co-founder of Offchain Labs, Arbitrum’s developer, responded that the fund’s operations are “super complicated and won’t happen overnight” in a post on X
• The callback started because the GCP has seemingly missed several of the deadlines laid out in the original proposal. The GCP has apparently failed to create a website, issue RFPs, or consider grants, and it's unclear whether permanent council members have been elected
Introducing MortgageFi
• @MortgageFiApp is a decentralized lending protocol that offers under-collateralized loans with up to 50x leverage, allowing users to borrow digital assets without liquidation risks if repayments are made
• Borrowers can secure assets like Bitcoin or Ethereum with small down payments and fixed repayment terms of 2 to 30 years, locking in the price at the time of loan initiation
• Liquidity providers earn competitive yields by supplying stablecoins to fund these loans, benefiting from borrower repayments and early repayment fees
Additionally, the protocol avoids impermanent loss for liquidity providers and offers flexible loan management through NFTs that represent the loans, which can be traded or sold
Introducing OLM
• @OLM_Research is the first tokenized AI model launched through the Initial Model Offering (IMO), providing decentralized AI inference on blockchain with transparent revenue-sharing for $OLM token holders
• OLM focuses on AI research, integration into ORA’s AI Oracle for blockchain, and tokenizing AI models
• Through IMO, OLM accelerates open-source AI development with community input and governance, benefiting both developers and token holders
• The f(A.I.)r Launch system ensures fair token distribution using AI-driven evaluation of participants
Introducing Penomo
• @penomoprotocol is an RWA capital financing platform that turns renewable energy infrastructure like solar, wind, and batteries into liquid, tradable assets through tokenization
• Traditional financing for green energy projects, especially in emerging markets, is slow and illiquid, making it hard to access capital
• Penomo offers a revenue-based model, allowing users to own fractional shares of energy assets through tokenization, providing stable returns while helping to fund clean energy
WorldLibertyFi Public Sale
• @worldlibertyfi is a DeFi project that has received support from the Trump Family and is led by Zachary Folkman and Chase Herro (previously from Dough Finance)
• The team announced that they will be conducting the public sale of the $WLFI token on October 15 to whitelisted users which was open to US accredited investors and non US people
• @TheBlock__ also reported that they token will be launching at a $1.5b valuation with the team looking to raise $300m. The tokens will also be vested for 12 months
Misc News
• @shufflecom announced that $SHFL lottery is now live
• Off the Grid now tops free title on Epic Games Store