BTC & SOL Reaches ATH
• Bitcoin hit a new all-time high of $76.9K, following a surge in interest and possibly due to institutional buying and ETF inflows
• Solana surpasses Airbnb in market capitalization, reaching $94.23B, signaling strong growth and interest in the L1
Layer AVSs
• @LayerOnEth is an Ethereum L2 solution built on @eigenlayer, using Rust and WebAssembly (Wasm) for high-performance smart contracts
• Layer integrates Inter-Blockchain Communication (IBC) for seamless cross-chain transfers and introduces Actively Validated Services (AVSs) that allow communities to govern AI-driven services collectively
• This decentralized model allows users to control services like AI moderation, without centralized intermediaries
Infrared & PoL
• @InfraredFinance's infrastructure on Berachain’s Proof of Liquidity (PoL) maximizes network economic utility by unifying core components: full nodes, BERA staking, and BGT farming and delegation
• Infrared offers liquid staking solutions (iBGT and iBERA) that consolidate governance power and liquidity rewards, enhancing accessibility for users and developers
• This "full Berachain economic node" strategy integrates staking, liquidity, and governance to maximize rewards and influence in the network
Ithaca Shark Fin
• Shark Fin by @IthacaProtocol is a principal-protected strategy offering a baseline yield with potential for higher returns if ETH stays within a user-defined price range
• It allows both bullish and bearish investors to set strike levels and expiration dates to suit their market outlook
• The payoff structure, resembling a "shark fin," peaks within the chosen price range. Investors are guaranteed baseline yield, can earn more by leveraging, and gain Ithaca tokens as additional rewards
Introducing Newton
• @Magic_labs, in collaboration with @0xPolygon Labs, has launched Newton, the first chain unification network, designed to connect Web3 wallets and simplify cross-chain access on the AggLayer
• Newton enables developers to create cross-chain smart wallets and applications that unify liquidity and seamlessly interact across EVM-compatible chains
• With features like gas subsidies and chain-abstracted smart wallets, Newton aims to eliminate on-chain silos and make Web3 as user-friendly as Web2
Gyroscope Live on Polygon
• @GyroStable announced that Gyroscope is now live on Polygon
• Users will now be able to use $GYD and sGYD natively on the Polygon PoS network while also LP into new Rehype pools
• The launch of $GYD on Polygon is via a bootstrapping pool allowing users to acquire for cheap similar to on Arbitrum and Eth Mainnet
Introducing Pencil Auction
• @pencilsprotocol introduced Pencil Auction, a platform where every token launch becomes dynamic via auction formats
• The protocol introduces Bid Control where users are given flexibility to tailor their investment approach across multiple auction types such as English, Dutch, GDA etc.
• The team also introduced points allowing users to increase their buying power, boost quotas or secure favorable prices
Misc News
• @StoryProtocol’s final testnet, Odyssey, is now live
• @inkonchain testnet going live today