GM Digest #448 — HYPE HYPE HYPE
Good Morning with Valuable Alpha / News
Solv Protocol Raised $25m in Total Funding
• @SolvProtocol has raised a total of $25m in funding, with over 20,000 BTC staked ($1.3bn in TVL)
• Solv recently introduced Staking Abstraction Layer (SAL) which eliminates barriers for Bitcoin staking, simplifying and unifying the staking experience across multiple blockchain ecosystems
Introducing Hyper Foundation
• The @HyperFND has been created to support the Hyperliquid blockchain and its ecosystem, with the main focus on the Hyperliquid exchange with it’s deep liquidity
• The upcoming launch of the HyperEVM will enable new applications to access this liquidity
• There is also the introduction of the native token, $HYPE, which will be vital for Hyperliquid's proof-of-stake consensus and future projects
Aleo’s Data Storage
• @AleoHQ is an L1 blockchain utilizing zero-knowledge proofs for both privacy and scalability, unlike most blockchains that use them only for scalability
• It allows developers to choose between public and private data storage. Private states are stored as encrypted records, while public states use a mapping structure
• This flexibility allows dynamic use cases, such as keeping certain data private initially and revealing it later, like in a poker game
• Aleo also provides a "view key" for account holders to view transaction details without having permission to alter them, enabling more nuanced control over privacy
Clearpill Launch
• @seraphnet's MVP, Clearpill, is launching this week as a decentralized, privacy-focused AI content creation platform
• It integrates AI-driven workflows with multi-chain support (EVM, Solana, and Near)
gTrade v9.4
• @GainsNetwork_io’s gTrade v9.4 is launching with some nice updates: 0% price impact for large BTC and ETH trades returns, base trading fees are reduced from 0.08% to 0.06%, and the gTrade Credits loyalty program is revamped
• Traders can also use leverage as low as 1.1x and up to 150x
• Select traders may be whitelisted for further benefits, like avoiding price impact on ETH trades beyond 10 minutes
Time Introduces Groupchats
• @timedotfun is a platform that allows creators to tokenize their time and is built on the Base L2
• The team introduced Groupchats where creators can connect with their fans/users and earn revenue on a recurring basis. Creators can simply signup on the Time.fun website, enable groupchats, pick the required minutes and length and start earning
• WIth referral links, users can also earn up to 1% of a referral's revenue when they signup and tokenize using the referrer’s link
Introducing feUSD
• @felixprotocol introduced feUSD, a stablecoin on the Hyperliquid L1
• Felix Protocol enable users to borrow against majors such as ETH, BTC, HYPE etc. It also offers better borrow rates given its unique CDP architecture
• The team has also obtained a license from Liquity AG for the right to repurpose and deploy @liquityprotocol V2 on HyperEVM
Introducing Boosts
• @OREsupply is a Proof of Work token that is mineable by everyone
• The team introduced Boosts where staking multipliers are opened up to a range of new tokens while kicking off a series of partnerships across the Solana ecosystem
• With staking, ORE’s token distribution model is a PoW mining with a PoS multiplier model. Boosts is the name for this staking multiplier. However, Boosts can never alter the underlying supply function of ORE and ORE will continue to grow at a steady rate of ~1 ORE/min and stop at the predetermined supply cap of 21m tokens
• The team announced that Boosts is launched in Beta today with the following multipliers for the following tokens:
⇢ ORE (2x)
⇢ ORE-SOL LP (4x)
⇢ ORE-ISC LP (4x)
Misc News
• @puffer_finance airdrop claims are now live
• @grassfdn announced that the final checker for airdrop 1 will be available on October 21