GM Digest #485 — Memecoin L2 ?
Good Morning with Valuable Alpha / News
Introducing DegenLayer
• @DegenLayer is an Ethereum Layer 2 optimized for the memecoin market. Built on Optimism and Gelato Network infrastructure
• They have their own DegenLayer App trading and launching memecoins. It offers zero-setup trading with automatic wallet creation, credit card deposits, and cross-chain bridging across major networks. Its memecoin launchpad enables instant coin creation with safety measures like liquidity locking and automated security checks. The app is available on web and Telegram, with mobile apps in development
• Its PumpTechnology redistributes platform fees to buy and burn memecoins, with allocations decided by $DELAY token stakers. $DELAY serves as the ecosystem's gas token and primary trading pair
Olas Modius Live
• @modenetwork, an AI agent built on @autonolas, and deployed on the Mode mainnet, has launched and is autonomously managing real funds
• It collects market data, selects trading strategies, and executes trades without human input, providing intelligent, hands-free asset management
• It is currently in a testing phase, with a consumer-friendly version planned for release. Users can join the waitlist to access the platform
Reya x Camelot
• The @reya_xyz Perps DEX now allows trading across Reya and @CamelotDEX using a single margin account, enabled by Collateral FlashSwaps
• This eliminates the need to close and reopen positions when swapping collateral, enabling atomic swaps within one block
• The first supported assets, deUSD and sdeUSD, offer yield-earning opportunities and integrate with Elixir Potions
Supra Mainnet & TGE
• @SUPRA_Labs has launched the Supra MoveVM Layer 1 Mainnet, marking the first step toward its goal of unifying blockchains and Web2 through the Supra IntraLayer
• The mainnet and token generation event begin on Nov 27 at 1 PM UTC
MOVE Tokenomics
• @movementfdn introduced $MOVE, the utility token of Movement
• Movement is the first Move blockchain that settles on Ethereum bringing improved security, high TPS and fast finality with $MOVE as the gas and staking token. Additionally, $MOVE will be used for governance and will be the native asset that can be used for asset liquidity, collateral, payments etc.
• $MOVE will have a 10b total supply and will have a 22% initial float and 60% going towards the ecosystem and community. The TGE will be on Ethereum mainnet and users will be able to bridge their $MOVE once mainnet is live
oTANGO redemption Live
• @Contango_xyz announced that the oTANGO redemption feature is now live
• Users who accrued points can now claim 3x that amount in oTANGO, an option token that can be exercised to acquire TANGO 1:1 at a potential discount
• oTANGO works like an option and users can choose to exercise their oTANGO when $TANGO is trading above their strike price. oTANGO is then converted to $TANGO and users can sell it for a profit