GM Digest #462 — Fluid DEX is Here
Good Morning with Valuable Alpha / News
Fluid DEX
• @0xfluid’s DEX introduces an innovative model for liquidity provision by transforming LP and debt positions into productive assets
• LPs can now use their positions as Smart Collateral, earning trading and lending fees simultaneously
• With Smart Debt, borrowers can earn trading fees on their debt, effectively reducing or even nullifying borrowing costs
• Fluid’s design enables up to 39x liquidity for every $1 in TVL by leveraging assets through a unique structure, significantly increasing DEX efficiency
• Initial pool pairings include wstETH-ETH, USDT-USDC, and cbTC-wBTC
Introducing flrETH
• A @FlareNetworks-native liquid staking solution for ETH developed by @dinero_xyz, lets users earn ETH staking rewards on the Flare network
• Users can bridge or stake ETH as flrETH, use it on SparkDEX, and engage in DeFi activities without leaving Flare
• The process allows ETH to stay staked on Ethereum, earning staking rewards and MEV tips, while flrETH remains liquid on Flare
• flrETH may eventually be used as collateral within the Flare ecosystem
Introducing InfraX
• @InfraX_ is a blockchain-based platform offering decentralized AI and GPU resources to users
• It includes a GPU lending system for passive income, a rental service for cost-effective access to GPUs, and on-demand AI nodes, aiming to make AI capabilities more accessible
• Key features include customizable VMs, instant access to powerful GPUs like the H100, and staking options with Ethereum rewards
• InfraX provides applications across various sectors, supporting tasks like 3D rendering, VR development, AR content creation, and algorithmic trading
Supreme Default
• A borrower used an NFT, backed by a set of Supreme Box logo T-shirts appraised at $2.5 million, as collateral for a $1.1 million on-chain loan on @Arcade_xyz back in Sep of 2023
• Now the borrower defaulted, effectively leaving the lender with a collection now valued at around $300,000—much less than the appraised amount
Introducing Season 2 Methamorphosis
• @mETHProtocol introduced Season 2 of Methamorphosis for the mETH protocol
• Holders of cmETH will be able to earn yields from, Eth staking, restaking protocols, future AVSs, powder for $COOK rewards etc.
• Season 2 has begun and will last for 110 days and many notable projects have integrated with cmETH. There is also a dashboard available for users to view their Powder rewards. Users can also participate in their referral program to boost their $COOK rewards
Introducing SXT Chain
• @SpaceandTimeDB introduced the SXT Chain, the blockchain for ZK-proven data
• SXT Chain is a decentralised network of tamperproof database nodes that index, sign, store and come to consensus with major chains such as Ethereum mainnet, ZkSync, Bitcoin, Sui, Aptos and Polygon. Users can query the data using Proof of SQL, SXT’s ZK coprocessor which proves that queries are accurate. Users can also deploy smart contracts directly on SXT via the ZkSync rollup
• SXT is currently live on testnet with indexing, Proof of SQL and tamperproof SQL databases live
Misc News
• @sedaprotocol now live on @berachain testnet
• @GHOAave’s $stkGHO markets live on @pendle_fi