GM Digest #48

Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril

Lendvest Alpha App

• Lendvest has launched alpha app to enable users to view credit scores on-chain & off-chain

• The on-chain version of the alpha app allows users to connect their wallet and call a credit score on Sepolia testnet. The off-chain version of the app allows users to cycle through wallets and view a credit score breakdown for each one

• Currently, data is limited to transactions that occurred in the Aave V2 lending pool. Future versions of the dashboard will incorporate data from more lending platforms.

• @lendvest_io is a decentralized credit score purpose-built for DeFi lending platforms. Lendvest provides DeFi markets with verifiable underwriting and decentralized delivery, to create fair and transparent rates for all users

Thoughts: Lendvest is one of the few protocols that provides on-chain credit scores & loan history (Spectral & Cred are the other two that I see building on-chain scoring system). The implications of having an established on-chain credit score are massive as protocols will have a way to quantify on-chain risks at a scale, enabling the protocols to better manage / mitigate liquidation risks and Users with good credit score will be able to increase their capital efficiency by borrowing an Undercollateralized Defi Loan(s)

EsperFi v1

• Introducing @EsperFinance, an upcoming Native DEX on Mantle

• Esper Alliance Program → Projects onboarded get fee sharing on predetermined pools, access to deep liquidity, liquidity mining programs

Cashmere Labs’ Liquidity Quantum Model

• @CashmereLabs introduces Liquidity Quantum (LQ) which promises to reshape liquidity strategies in Defi

• LQ will allow users to infuse liquidity into any asset on cross-chain and facilitate its exchange with the efficiency of a singular transaction and payload

• Cashmere boasts a better cross-chain AMM & liquidity model vs Across, Wombat, Hop, Connext, Stargate, and other native L2 bridges

CoralFi Brings HK Stock Market to Defi

• @Coral_Finance is connecting the TradFi world to DeFi by bringing stocks on-chain. The first product will be Hong Kong Stock Market

• HK Stock Market has been a focal point for high-quality companies and international investors due to its robust financial environment

• Coral x SunFund: Coral partners with SunFund Group, a leading Hong Kong financial group offering diverse services to navigate around regulation and bring HK Stock Market on-chain

Thoughts: A strong partnership between CoralFi and SunFund Group. One of the main issues with RWAs are the regulatory uncertainty and compliance risks. Having a partner in the financial sector would definitely be beneficial for CoralFi in the long run helping them navigate through the regulatory hurdles. It will also give investors more confidence in the product.

Concave Rage Quit

• @ConcaveFi is currently having a “Rage Quit” buyback program for $CNV and $lsdCNV holders lasting 10 days

• The buyback is priced at $5 per token representing a marginal premium to current prices and there is a maximum allocation of $2.1m for the buyback

• This buyback will be conducted on a first come first served basis and will end once the allocation is depleted or the 10 days have lapsed

• Concave is a community-driven, product and investment organization (CO-OP) that aims to bring value to investors through the development of innovative DeFi products and active treasury management. It has invested across 15 well-known projects such as TapiocaDAO, Fluidity, Insrt Finance, etc

• The buyback program came after an unalignment between the community & the vision / the strategy of Concave. More details can be found here:

https://twitter.com/ConcaveFi/status/1698852305515217316

Thoughts: Current price of $CNV is $3.75 so the buyback price is roughly +33% from current prices. I remembered Concave being a super hyped-up project during the OHM Fork days. Not personally a part of their DAO so I can’t give any proper opinion here at all.

SwapBased Lotteries

• @swap_based, one of the Top Native DEX on Base has introduced Lotteries where users can use their $BASE or $xBASE and wager for a chance to win the lottery & the jackpot

• Each round payout will come from a portion of Treasury Holdings + Revenue Collected from wager fees

Thoughts: Both SwapBased and Base Swap price has been at their lowest points. The death spiral came from large emissions that they initially had given out to attract TVL & Hype. Personally don’t think lotteries will create a flywheel that takes SwapBase on an upward trajectory. But, it’ll likely bring some activities from the current $BASE & xBASE stakers

Friendlend Keys

• @frenlend, Friend Tech’s Borrowing & Lending protocol is launching its Keys on Sep 8

• Friend Lend builds on top of Friend Tech, allowing users to collateralize Keys, unlocking liquid capital & enabling higher capital efficiency

• Friend Lend original Twitter account was suspended when it was trying to get its blue check mark from Twitter. Communication will move to Friend Tech once the Keys are live

Thoughts: I really like the idea behind this product. I can see situations where users want to access more chats without spending more ETH. Friendlend could be a good product that enables this — Looping strategies on FT shares 👀

KTX Live on Mantle

• @KTX_finance is live on Mantle Mainnet. With its launch, KTX will be the First Perps to be live on Mantle

• KTX is a Perp DEX that’s originally based in BSC with $270m in cumulative volume. Its swift descent on Mantle is part of its strategy to establish itself as the #1 Perp DEX on Mantle

Thoughts: KTX’s Vision is to create an ecosystem of projects that are building on top of it on Mantle. The team received grants & official support from Mantle team. Since Mantle marketing activity is still on the down low, I’ll just keep monitoring the ecosystem for now

Hyperliquid TVL at ATH

• The HLP pool on @HyperliquidX had a huge growth in TVL the past month — From $1.5m to over $7m and APR averages between 100% - 200%

• Part of its success is due to the team’s superior market-making capabilities. The team is able to consistently / profitably market-make its order books, especially on longer-tail assets like $RLB, $HPOS, etc

Thoughts: I think the rise in TVL for Hyperliquid is due to the high yields in the HLP pool and the inflow of capital. Even after the boost in TVL, the APR currently still sits at 121% and can be a good farming opportunities for all you farmers out there.

Rollbit x SSC

• Rollbit is now the official European betting partner of SSC Napoli with the announcement live on @sscnapoli’s website

• SSC Napoli is the most successful football club in Southern Italy and among the major clubs in the Italian Serie A. It has a long history that spans from 1905 to the present day

• Rollbit will be present on the pitch side DBR across Europe garnering major coverage for the brand as well as on the homepage and across Facebook

Thoughts: More PR → More Users → $RLB Go Up | Stake has yet to make an official announcement on their $41m exploit so we might see more tailwinds of Stake users moving to Rollbit (Unique depositors data have not reflected this though)

Pendle RWA

• @pendle_fi’s TVL is slowly climbing back up and is at an ATH (in ETH terms)

• RWAs currently make up 13% of the TVL and has been increasing since inception with $15.8m and $3m for sDAI and fUSDC respectively.

• Pendle has recently gone on RWA’s arc, integrating both sDAI (Spark) & fUSDC (Flux), enabling tokenized yields for both RWA assets. Users can also earn boosted rewards by providing liquidity to both pools (Currently 59% APY on sDAI)

Thoughts: As the RWA narrative gains more traction, Pendle have positioned themselves to be a strong player in this sector with their product. Gonna be exciting to see YT PT for tokenized stocks (if it happens) → Arcton is bringing the first cash-flow positive tokenized startup shares, imagine YT PT on those , tokenizing actual future cash-flow of SMEs lol (This is all speculation btw)

Degen Plays

• @0xlottogames $LOTTO, a Lottery GambleFi project that’ll launch with @GenesisBot_TG (Espresso-style Token Launcher). The launch is today (Sep 7) at 14:00 UTC. Personally not getting in this as it’s only a Lottery platform

• @Mozaic_Fi $MOZ, AI-Optimized Vaults using LayerZero on Arbitrum. LBP has been ongoing on FjordFoundry for 2 days already. There are about 7 hours left on the LBP and its current MCap & FDV are at $600k & $8.6m respectively. Only 133 E has been accrued so far with $277k volume — given that this isn’t hyped, when they launch there’s a good likelihood that it’ll dump. LBP launch tend to consolidate TGE demand into LBP itself since it’s fair for everybody to participate, interested retail investors wouldn’t wait for TGE, they’d just ape during LBP. In this case, not many have aped (I won’t either)

• @HiPvPGame made -50% retracement last night. Presalers & Spot holders are getting impatient. The team has recently launched its 3rd game which is “OPENHEIMUR”. While rev & valuation has declined, 7d moving average on Number of Games Played continues to increase. Could be a good dip-buying opportunity

Not many interesting plays today. Tomorrow will mark the Banana 1st Round of Presale and we could see some excitement in the space again!

*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*