GM Digest #472 — AI Meme Szn Again?
Good Morning with Valuable Alpha / News
BTC Hitting $100k Soon
• BTC reaches $89k new ATH while the entire crypto market rallies and follow suit. Speculation that Bitcoin could become America’s next strategic reserve asset is strengthening, while several other countries have begun showing interest
• $ACT — ACT I recently surged 2,000% in a day off the back of Binance listing, spurring the frenzy for AI memecoin
Pendle Introduces Boros
• @pendle_fi introduces Boros, a platform designed to expand yield trading with margin, focusing on funding rates for perpetual exchanges to give traders control over funding rate volatility
• This allows users to hedge against or profit from funding rate fluctuations, opening new yield-trading strategies
• Boros operates alongside Pendle V2 without changes to Pendle’s tokenomics, maintaining PENDLE and vePENDLE as core tokens
• Additionaly vePENDLE holders will receive airdrops from points that Pendle has accumulated, including $EIGEN, $ETHFI and $sENA
AggLayer’s Stablecoin
• Agora’s @withAUSD, backed by VanEck and State Street, will serve as a native stablecoin on the AggLayer, providing cross-chain liquidity for all chains connected to this ecosystem
• This move simplifies stablecoin integration, allowing developers on any AggLayer chain to easily leverage $AUSD for dAaps, cross-chain transactions, and as a store of value or collateral
• AUSD’s interoperability reduces fragmentation between L1s and L2s and generates yield, creating a new revenue stream for participating chains
Espresso Mainnet Live
• @EspressoSys Network has launched Mainnet 0 on Ethereum, aiming to enhance cross-chain composability
• By acting as a global confirmation layer, Espresso enables chains to interact while preserving each chain’s scalability and sovereignty. Its HotShot consensus protocol provides quick, decentralized confirmations, allowing for fast state updates across chains
• Initially supporting Cartesi, Arbitrum, and Airchains stacks, Espresso plans further integrations and a gradual rollout, transitioning to proof-of-stake by 2025
Laika Launch
• @Laika_Layer2, the first layer 2 built on Dogecoin, aims to transform Dogecoin by adding smart contracts, faster transaction speeds, lower fees, and better scalability
• Laïka’s Layer 2 solution processes transactions in about three seconds, leverages Dogecoin's security, and enables Ethereum-compatible smart contracts, expanding Dogecoin's utility
• Laïka also introduces staking for $DOGE, stablecoin support for liquidity, and cross-chain bridges, making Dogecoin more viable as a medium of exchange and positioning it for broader use in DeFi and the memecoin ecosystem
• On Nov 11, Laika will conduct a public token sale of up to 10 million $LAIKA (10% of the supply) at $0.20 per token on @FjordFoundry with a $2 million hard cap and $2.175 million initial market cap
• Laika’s fully community-bootstrapped tokenomics allocate 91.5% of its 100 million supply to community growth, overseen by the Laika Foundation
0G.AI Node Sale
• The @0G_labs Node Sale, running on Fjord from November 7–12, offers early access to a decentralized AI operating system (dAIOS)
• 0G.AI features include OG.Storage for decentralized data handling, OG.DA for secure data availability, OG.Serving for AI model deployment, and OG.Chain for governance
• 0G.AI, valued at over $2B and backed by top investors like Hack VC, allows participants to purchase nodes, each represented by a token, with licenses distributed on Dec 20. Node holders gain token rewards, governance rights, and staking rewards
• These licenses are non-transferable for 12 months to ensure commitment and network stability
Ref Expansion
• @finance_ref moving forward aims to expand out of NEAR’s ecosystem by adopting chain abstraction, providing seamless liquidity across multiple L1 and L2 chains without high fees or poor UX
• Key upgrades include a Bridge Aggregator developed with Stargate, Wormhole, Crowny, and Rainbow to connect EVM chains and Solana to NEAR
• Ref also integrates the Satoshi Protocol, allowing Bitcoin holders to utilize their assets within NEAR DeFi, and expands its yield offerings with Bitcoin Liquidity Pools, DCL Pools, and Degen Pools
Unichain Mainnet Details
• @unichain leaked details on early developer access to Unichain mainnet have circulated publicly
• Unichain mainnet is not live and the canonical bridge has not been finalized. The RPC for this developer access period has been disabled to prevent users sending funds to the bridge address
NEAR AI Alpha is Live
• @near_ai announced that the NEAR AI Alpha is live and features the Near AI Assistant and the Near AI Research Hub
• The Near AI Assistant is a user owned AI assistant focusing on the individual and guarantees privacy. It has user specific memory and can