GM Digest #456 — Initial RollApp Offerings (IRO)
Good Morning with Valuable Alpha / News
Introducing Variational
• @variational_io, a crypto derivatives trading protocol on Arbitrum, raised $10.3M in seed funding from @BainCapCrypto, @Peakxvpartners, @cbventures, @dragonfly_xyz and others
• The protocol's first application, Omni, allows peer-to-peer trading of perpetual futures with a focus on newly launched tokens and novel products
• Omni aggregates liquidity from various sources and its own liquidity (OLP), where users can make deposits for yield
• Variational plans to launch its invite-only mainnet this year, with a public launch and token release set for 2025. Expansion to other blockchains is also considered in the future
Bubbly Pre-Markets
• @BubblyFinance is the first AMM-based pre-market DEX offering a Uniswap-like experience with liquidity pools for pre-market assets
• Bubbly introduces a Margin Liquidity Market Maker (MLMM) model, combining concentrated liquidity with margin trading, enabling efficient dual-sided liquidity provision
• Bubbly’s settlement mechanism uses physical delivery for price discovery, with sellers required to deliver tokens after TGE. If sellers fail to deliver, their collateral is forfeited to compensate buyers
Dolomite Strategies
• @Dolomite_io has launched its Strategies Hub, simplifying advanced DeFi strategies by automating multi-step processes, and in the process reducing time, effort, and manual errors for end users
• The hub allows users to browse, select, and deploy strategies, such as yield farming, looping and pair trading, with just one click
Zero1 x NEAR
• @zero1_labs has partnered with @NEARProtocol, to advance decentralized AI
• This collaboration aims to support early-stage developers by providing resources, organizing hackathons, and fostering community engagement
• Additionally, Zero1 Labs and NEAR together, will launch initiatives to help grassroots teams test and validate their products
Introducing Initial RollApp Offerings
• @dymension introduced Initial RollApp Offerings (IRO) enabling anyone to launch a token before their RollApp goes live
• When a RollApp launches an IRO, the funds are used to seed liquidity on the DEX and the LP tokens are burned. Token creators will be able to set the percentage of supply going towards the IRO, define the target raise and also to choose the bonding curve to determine pricing
• Once the RollApp is live, users can exchange their IRO tokens for the native RollApp token
Introducing the Heurist Whitepaper
• @heurist_ai introduced the Heurist Whitepaper
• Heurist uses AI with an API and is powered by serverless GPUs and offers the following features:
⇢ Elasticity in Compute Supply and Demand: Whereby protocol emissions aim to match the supply of compute to the demand
⇢ Fully onchain: Building an Elastic Chain using the ZK Stack where every GPU and payment for compute is onchain
⇢ Token utility includes mining rewards, payment, staking, voting and revenue sharing
• The team is currently having an Imaginaries NFT giveaway for users who produce the best thread, infographic, article or content based on the Heurist whitepaper
Misc News
• @Lombard_Finance's LBTC can now be used as collateral on @derivexyz
• @krakenfx will launch $kBTC on @VelodromeFi
• @NolusProtocol recently upgraded its platform to offer short positions
• Buenos Aires is the first city to issue decentralized IDs on blockchain using ZK proofs on @zksync