GM Digest #457 — AI AI AI AI AI AI
Good Morning with Valuable Alpha / News
Chasm Airdrop Checker Live
• @ChasmNetwork Airdrop Checker gone live: scout.chasm.net/airdrop
• $CAI TGE coming extremely soon
• Chasm allows developers to create, deploy, and monetize AI systems more securely and efficiently
• Chasm recently partnered with Chromia and recently took over $GMIKA, popular AI waifu agent from Joyce
Introducing Azura
• @azura aims to simplify and unify DeFi by offering a single platform that aggregates multiple blockchains, protocols, and infrastructures
• It provides seamless trading, cross-chain swaps, portfolio management, fiat on/off-ramps, and embedded wallets
• Azura’s proprietary order execution engine standardizes interactions across various DeFi ecosystems like EVM and Solana, removing the complexity of managing multiple wallets and chains
• The platform just launched, after a $6.9M seed round
Sushi’s Perp DEX
• @SushiSwap is launching @susa_ex, a decentralized derivatives exchange on Layer N, an Ethereum L2
• Susa will leverage Layer N's Nord Engine to process over 100,000 transactions per second with extremely low latency, aiming to rival CEXs
• They're developing deeper liquidity options with single-sided staking and stablecoin vaults, aimed at improving capital efficiency and ensuring liquidity during market volatility
• Susa will initially focus on perpetual trading and later expand to spot and exotic markets
CavalRe’s Multiswap
• @TheCavalRe's updated Multiswap introduces a dynamic DeFi trading model with a focus on liquidity, trading efficiency, and incentives
• Multiswap uses dynamic asset weights to ensure fair trading and balance liquidity in its pools
• The platform involves three key participants: liquidity providers (LPs), traders, and $CAV token speculators, each benefiting from tailored incentives
• The dual-layer incentive system allows LPs and $CAV holders to control liquidity and emissions, and both groups can earn rewards, fees, and bribes
Asymmetry Launch on Fjord
• @asymmetryfin just launched its governance token, $ASF, on Oct 24, via Fjord Foundry
• The token will govern the Asymmetry ecosystem, including the high-yield synthetic dollar USDaf
• USDaf is a decentralized, permissionless stablecoin combining elements of DAI’s CDP model and Ethena’s high yield, offering 15-40% APY while being inflation-resistant
• Asymmetry is targeting over $1 billion in TVL and aims to redistribute revenue to $ASF holders
• The $ASF sale will offer 5.1 million tokens at $0.59 each, with no further tokens available after the sale
Introducing COOK
• @mETHProtocol introduced $COOK, the governance token for the mETH protocol — a permissionless, non-custodial ETH liquid staking protocol deployed on Ethereum (L1) and governed by Mantle (L2)
• The total supply of $COOK will be at 5b tokens with 60% going to the mETH community, 30% going to the Mantle treasury and 10% going to the core team
Introducing Ink
• @inkonchain introduced Ink, Kraken’s own L2 built on Optimism’s Superchain
• Ink aims to give everyone access to DeFi by creating a better experience for users and builders
• The team now invites all builders to build on the Ink L2
Misc News
• @arbitrum introduces Fast Withdrawals, no more 7-day waiting time, available on select Orbit chains and RaaS providers currently
• @GMX_IO launches 2 new synthetic markets, SEI/USD and SUI/USD