GM Digest #488 — Agent Madness Continues
Good Morning with Valuable Alpha / News
Spectral Syntax v2
• @Spectral_Labs introduces Syntax v2 upgrade, enabling Agents trading w/ leverage on @HyperliquidX
• The agents can now — Trade onchain like seasoned degens. Analyze data, sentiment, and market trends. Evolve based on the input and governance of their communities.
Virtual AI Society Soon
• Agent interacting w/ agents — more interesting use cases
Arbitrum AI Trailblazer Grant
• @arbitrum’s Trailblazer AI Grant Program offers $1M in funding to support innovative AI projects on the L2, focusing on AI agents and onchain integrations
• Grants of up to $10,000 per project will be awarded to ideas demonstrating innovation, ecosystem impact, uniqueness, and user adoption potential, aligned with Arbitrum's infrastructure
• The initiative also provides mentorship and access to the Arbitrum developer community, aiming for AI applications across NFTs, DeFi, trading, community engagement, and smart contracts
Mantle Yield Lab
• @0xMantle Yield Lab offers a $1 million $MNT prize pool for DeFi users completing tasks across Mantle ecosystem protocols
• Participants earn lottery tickets via Welcome, Advanced, and Streak Tasks, with 400K $MNT allocated through a lottery and 600K $MNT distributed based on contributions to protocol TVL and DAU rankings
• Welcome Tasks provide learning opportunities and initial tickets, while Advanced and Streak Tasks involve daily and protocol-specific on-chain quests. Rewards are allocated within 30 days post-campaign
Ethena x Securitize x Sky
• @ethena_labs and @Securitize have applied for USDtb, a stablecoin backed 90%+ by @BlackRock BUIDL, to join @SkyEcosystem's $1 billion Tokenization Grand Prix
• The application includes a swap facility between USDtb and USDe, allowing Sky to seamlessly adjust holdings in response to interest rate cycles and optimize returns
• Ethena, contributing ~$120M annually to Sky (30% of its revenue with 13% collateral allocation), aims to deepen its partnership with SkyEcosystem while introducing the highest BUIDL-backed stablecoin to the market
Gellato Native Yield
• @gelatonetwork Rollups now offer Native Yield, enabling rollups to create new revenue streams
• In partnership with Dinero, NucleusEarn, and LayerZero, rollups can now generate native yield on ETH, BTC, and stablecoins, providing passive yield through predefined strategies
• Rollup owners earn the yield and can distribute it as desired, while creating branded LSTs and stablecoins to enhance brand awareness and user experience
Introducing Echelon Chain
• @EchelonMarket introduced Echelon Chain, a debt-driven Move appchain built on @initia’s interwoven stack with @CelestiaOrg underneath
• Echolon’s existing product suite includes:
⇢ Multi collateral borrowing/lending market
⇢ E-Mode for high LTV borrows correlated assets
⇢ Isolated lending pairs for leverage on memecoins
⇢ One click looping and automated leverage
⇢ Enhanced yield on stables + LSTs
⇢ Prebuilt strategies
• By integrating with Initia, the team has built near-atomic cross-chain composability with the Initia L1 and native liquidity hub for liquidations and a suite of interactions with other appchains
• The team announced that public testnet will release this year with mainnet rolling out on Initia’s launch
Misc News
• @Cortex_Protocol releases the first demo of Cortex, an AI agent that trades across blockchains on your behalf