GM Digest #477 — $TIA Comeback?
Good Morning with Valuable Alpha / News
Celestia Ginger Update
• The Ginger upgrade, @CelestiaOrg’s second consensus update (celestia-app v3), reduces block time to 6 seconds, doubling data availability throughput with faster transaction finality
• Key changes include introducing signed blobs for streamlined verification (CIP-21), stable gas scheduler variables (CIP-24), versioned timeouts (CIP-26), transaction size limits (CIP-28), and block message caps (CIP-27) to optimize processing times
• Additionally, BBR congestion control is enabled by default to boost throughput in decentralized, long-distance networks. Ginger activates on Arabica in November 2024 and Mainnet Beta in December
Introducing Nektar
• @nektarnetwork is a Decentralized Infrastructure Marketplace (DIM) that connects delegators, operators, and networks through Decentralized Asset Managers (DAMs) to aggregate liquidity and optimize infrastructure use
• It supports diverse use cases across modular decentralized economies without requiring participants to change their tokens or incentives
• By leveraging restaking and aggregation layers, Nektar improves capital efficiency and shared security while enabling projects to maintain their independence
Introducing Side Protocol
• @SideProtocol is launching as the first on-chain banking infrastructure for Bitcoin, focusing on Bitcoin-native lending
• Its main product, Side Finance, offers non-custodial, liquidity-based Bitcoin lending without relying on third-party custody or bridges
• The protocol includes Side Chain, a Bitcoin-compatible Cosmos appchain with native bridge capabilities
• They just completed their testnet, and the phased mainnet launch and Genesis Drop are next on their roadmap
Exponent is Live
• @ExponentFinance announced that they are live providing a fixed rate market on Solana
• Exponent issues time-locked tokens that can be used for generating fixed income and yield trading. Exponent provides 3 products:
⇢ Income: Income Tokens are issued from locked positions in marginfi/Kamino and they provide a fixed return for a fixed period
⇢ Trade: Users can also have a leveraged exposure to marginfi/Kamino lending markets and speculate on future yields, including points
⇢ Liquidity: Users can provide liquidity and earn a share of trading fees. Liquidity is capped at $300k per market
• The team also announced rewards for early participation and points boosts from Kamino and marginfi
ThalaSwap V2
• @ThalaLabs introduced ThalaSwap V2
• V2 now features:
⇢ Fungible Assets Support
⇢ Multi-Assets: Support for up to 6 assets in a stable pool.
⇢ 4-Fee Tiers with the lowest being a 0.01% fee tier
⇢ Flash Swap Capability: Pools send output tokens to the recipient before verifying that enough input tokens have been received
⇢ Precision: Utilizes the best open-source FixedPoint64 library on Aptos, ensuring precise and efficient calculations
• This means that ThalaSwap is the best liquidity hub for stablecoins, BTC and Eth and also opens up new opportunities for MEV searchers