GM Digest #469 — Defi is BACK
Good Morning with Valuable Alpha / News
Defi Renaissance
• Defi is making a comeback off the back of ETH price appreciation
• UNI, AAVE, ENA, PENDLE, and many big defi protocols surged 20-30% from the recent Trump tailwinds
• COW and CETUS also got listed on Binance, further boosting the sentiment in Defi
NetMind Revamp & Buyback
• @NetmindAi announces the revamp of NetMind’s website as well as the start of $NMT buyback program
• $100,000 will be allocated to buyback $NMT tokens. Purchases will be rolled out in controlled batches, with transaction records shared afterward to ensure full transparency
• The team will also be migrating the LP, setting up V3 pools on Uniswap & PancakeSwap. $NMT price pumped 30%+ after the announcement from its recent low
• Remains to be seen whether NMT can make a comeback given its recent PA during the AI agent season
Usual x Gammaswap
• @usualmoney has launched a new USD0++/wETH liquidity pool on @GammaSwapLabs, enabling perpetual options trading for USD0++ holders and creating new earning opportunities for LPs
• Gammaswap’s platform offers flexible, expiration-free options trading, allowing USD0++ holders to leverage positions, manage risk, and earn yield
• Incentives for liquidity providers include Ether.fi and Eigenlayer points, GS tokens, Pills (redeemable for airdrop rewards), fees from trading APY, and ETH staking rewards
Kamino x Jito
• @KaminoFinance has introduced the @jito_sol Market, a new platform designed to expand the JitoSOL ecosystem within Solana DeFi
• This isolated market allows JitoSOL holders to loop between JitoSOL and $SOL with up to 10x exposure through a "Multiply" vault, aiming to increase JitoSOL's yield and supply without liquidation risk
• Initial incentives for $SOL lenders, and the market includes protective mechanisms like capped $SOL borrowing rates and price-feed stability
Swell x Symbiotic
• @swellnetworkio is partnering with the @Symbioticfi platform to restake $SWELL tokens, for securing its Swell L2 infrastructure
• Using the new liquid staking token rSWELL, SWELL can be restaked on Symbiotic to secure key network functions like transaction sequencing, validation, and automation
• Swell L2 will also support multi-asset staking with SWELL, rswETH, and swBTC to enhance security by diversifying assets, reducing volatility risks, and increasing liquidity
• This integration will improve transaction ordering through Radius and enhance automation via the Ditto network
Elixir Mainnet
• On Oct 31, @elixir Network launched Phase I of its mainnet and a new epoch of the Apothecary rewards program
• The new Apothecary era will reward ecosystem participants, with Era 3 distributing 750 million potions over ten months
• Phase I of the mainnet introduces the genesis institutional validator program, with $ELX as the system's core token, ahead of a full public mainnet transition
Arkham Perp Exchange
• @ArkhamIntel announces the launch of Arkham Perp DEX
• Nobody understands why….
Introducing Supersale
• @SuperseedXYZ introduced Supersale, allowing anyone to invest in Superseed prior to mainnet launch
• The sale will be done at $20m MC / $100m FDV. Target raise is 20% of the supply, raising $20m. Tokens fully unlocked at TGE
• Superseed is a L2 on Ethereum that aims to enhance Defi with new Defi primitives, starting with auto-repaying CDP (similar vibes to Flashstake if you guys remember)