GM Digest #465 — Neingen
Good Morning with Valuable Alpha / News
Polymarket Trump’s Odd falls
• Trump’s odd has fallen from 71.5% at peak to 57% as US election draws closer
• BTC and the market is facing sharp volatility from the US Election volatility as well as the macroeconomic indicators
• Despite this, market analysts via the CME FedWatch tool are betting on a 0.25% interest rate cut by the US Federal Reserve on Nov. 7
EigenLayer Down Bad
• $EIGEN down to $2.2 after 2 advisors who are Ethereum researchers decided to quit the advisorship
• Both researchers mentioned that they’ll focus on scaling Ethereum L1
Corn x Babylon
• @use_corn is now a Bitcoin Secured Network (BSN) through the @babylonlabs_io Bitcoin staking protocol, leveraging Bitcoin’s security and allowing BTC holders to participate as liquidity providers
• Corn’s hybrid BTC token, BTCN, serves as a gas token and distributes rewards, enhancing engagement across the network through its “popCORN” infrastructure
• Corn stakers earn Babylon points and Corn’s own “Kernels” points, with rewards distributed based on BTC staked on Babylon for 45 days
Azura Raise
• @azura, an onchain interfacing layer, has launched with $6.9M in funding led by Initialized and backed by other major players
• Aiming to simplify DeFi access, Azura allows users to trade any asset from any blockchain or protocol by consolidating decentralized infrastructure into a single app
• Azura bundles DeFi functions to lower the entry barrier while preserving decentralization, self-custody, and transparency
Nabla on Arbitrum
• @NablaFi has launched on Arbitrum One, following two months of private alpha testing and optimization
• It now enables public, permissionless pool deposits and swaps directly on its smart contracts or through aggregators
• Nabla’s offers single-sided, low-risk liquidity provision by isolating market-making risks in a designated Backstop Pool and brings back fungible LP tokens for composability. Nabla is a hyper-efficient spot AMM for low-cost deep liquidity
Suilend LST
• @suilendprotocol has launched sSUI, a liquid staking token on Sui, aiming to increase SUI’s liquid-staked assets beyond the current low rate
• Built on the open-source SpringSui Standard, sSUI enables instant unstaking, which mitigates depegging risks. This lets other teams create LSTs permissionlessly
Misc News
• @SolvProtocol partners with @beraborrow
• @unichain announced that they will introduce a new validation network to further decentralise the chain