GM Digest #459 — Coinbase Agent
Good Morning with Valuable Alpha / News
Coinbase AI Agent
• Coinbase has launched a new feature called "Based Agent" which allows users to create AI-powered wallet agents in just three minutes
• This innovation aims to simplify crypto management by enabling tasks like trading and staking to be handled autonomously with AI.
• Base stablecoin volume outranks all the other chains for the first time — 30% of all stablecoin volume took place on Base, a higher proportion than typical leaders Ethereum, Solana, and Tron.
• Virtual AI Tokenization contributes to a large part of heightened activity — if you’re behind on what happened, suggest checking my thread: https://x.com/Defi0xJeff/status/1846600507961524378
Infera launched Kira
• @infera_network released @kira_infera, the first experimental AI agent living on a decentralized AI network — Fueled by hundreds of Infera nodes
• Infera is building a decentralized network for LLM inference allowing developers API access to dozens of open source and custom fine tuned models
Concero Hub CERs
• @concero_io introduces CERs (Concero Ecosystem Rewards), non-transferable tokens that reward users for contributions to the Concero protocol
• Users earn CERs by participating in product testing, campaigns, and community engagement through three main portals: Testing, Rewards, and Community
• CERs will later grant access to rewards like partner project tokens
• Concero has a four-stage roadmap to decentralize CERs, starting from a central control to a fully on-chain, DAO-governed system
• Full launch expected in Q4 2024
Ostium Strategies
• Strategies by @OstiumLabs is a new product designed to automate trading based on prediction market data, such as election odds from Polymarket
• Users select a prediction probability, choose to go long or short on related assets, and automate their trade
• Ostium Strategies leverages prediction market data as trading signals, allowing users to trade on the expected outcomes of major macro events
• The concept extends beyond election predictions to use any relevant data—like CPI changes or geopolitical events
Introducing Optim Finance
• OUSD, a new yield-bearing stablecoin by @OptimFi for the Cardano ecosystem, follows the two-token model with OUSD pegged to USD and a staked version, sOUSD, that provides passive yield
• OUSD’s reserves are backed by multiple stablecoins, increasing flexibility, yield opportunities, and risk distribution
• OUSD’s yield generation comes from three key sources: DEX AMOs, a Borrowing AMO for capital-efficient trading, and integration with Liqwid Lending
Party Icons Raised $9m
• @PartyIconsOGX has raised $9m led by Bitkraft Ventures with participation from IDG Capital, Gam3Girl Ventures, Leap Capital, Mantle Network, and more
• Party Icons is a cutely animated art toys battle royale shooting game utilizing Party-as-a-Service (PaaS) model, which decentralizes live operations and economic interests within the game
• Mirship NFTs play a crucial role in this decentralized system. These NFTs allow holders to create Mirship Clubs, which are communities that can organize events, run tournaments, and manage in-game activities through data-driven dashboards
Fragmetric Live
• @fragmetric, liquid restaking protocol on Solana has announced that they are live on mainnet
• With this, the team also announced their LF(ra)G Campaign where fragSOL holders can earn F points. Holders can earn staking, MEV, and NCN rewards while earning F Points
• Users can earn by accessing via a referral link, connect to the Backpack wallet to earn a 30% F point boost and start restaking their SOL, JitoSOL or mSOL
Introducing Twine
• @twinexyz introduces Twine, the multichain settlement network where apps and users can use Twine to access liquidity on any chain that they like
• Twine enables the aggregation of chains for seamless UX and DevX without requiring any chain to opt in. Twine settles on multiple base layers like Ethereum, Solana, Bitcoin etc. allowing access all from a single platform
Misc News
• @BinanceLabs invested in @moonwalkfitness, a new Move-to-Earn style fitness app