GM Digest #490 — Modular
Good Morning with Valuable Alpha / News
The Succinct Network
• The @SuccinctLabs Network aims to create a decentralized protocol that pools global proving capacity for zero-knowledge (ZK) applications
• It introduces a distributed cluster of provers, coordinated through competitive proof auctions, to make mathematical verifiability accessible and scalable
• This approach aims to supports a broad range of ZK use cases, from blockchain rollups to identity solutions, while decentralizing the proving process
Orderly Live on Solana
• @OrderlyNetwork has launched its omnichain perps orderbook on the Solana mainnet, allowing Solana users to trade across multiple chains without needing to bridge
• This marks the first integration of EVM and non-EVM orders in a single orderbook, providing access to over 70 trading markets and combining liquidity from major blockchains like Ethereum, Polygon, and Solana
Introducing ARMA
• @gizatechxyz’s ARMA is a self-custodial DeFi agent on Mode Network that automates stablecoin yield optimization
• It analyzes and rebalances across protocols like @ionicmoney, @LayerBankFi and @IroncladFinance to maximize returns
• Features include automated strategy execution, real-time performance monitoring, and one-click withdrawals. The beta, limited to $100K in USDC deposits, is available on a first-come, first-served basis
Blast Buyback
• There is a proposal on the @blast governance forum that suggests using the $36M annual yield from $1.2B in yield-bearing assets on Blast L2 to buy $BLAST tokens and distribute them as yield to depositors instead of ETH/USDB
• This would create daily buy pressure of ~$100,000
• The goal is to improve $BLAST’s price, break the negative sentiment cycle, and make it a speculative asset that boosts the ecosystem ahead of the planned mobile launch in Q1 2025
Derive x Ethena
• @derivexyz announced that they will be integrating into @Ethena_labs
• The partnership includes:
⇢ Ethena protocol integrating with Derive’s basis trading, options, futures, and vaults
⇢ The Lyra Foundation (responsible for stewarding the Derive protocol) receives a grant from the Ethena Foundation
⇢ sENA stakers will receive 5% of DRV tokens that were granted to the Ethena Foundation
⇢ USDe as collateral boosts capital efficiency, letting users trade while earning yield
• Additionally, Derive will be the first to have $ENA options market and introduce structured products powered by sUSDe yields
Celestia Restaking
• @milky_way_zone announced that they will be launching the first restaking protocol for @CelestiaOrg
• MilkyWay introduces a "Plug-in Security" powered by restaking. By restaking TIA on MilkyWay, users provide security to AVSs or any off-chain program and system that require its own unique validation process for verification. This creates a decentralized trust marketplace where projects “rent” security as needed
Midas’ mBASIS
• @MidasRWA’s mBASIS is a DeFi strategy that generates high yields for stablecoin holders by using a leveraged, USD-neutral basis trading approach
• It profits from the price differences between spot and futures markets, particularly during bullish market conditions, and amplifies returns by borrowing against spot positions on platforms like Aave
• Risk mitigation involves regulated counterparties, hedging, and automated adjustments to maintain health ratios during price swings. mBASIS also offers instant redemption and an independently verified price oracle • mBASIS has generated approximately 33% year-to-date and 42% annualized over the past two weeks using its leveraged basis trading strateg
Synapse SIN
• The @SynapseProtocol Intent Network (SIN) is a new cross-chain marketplace that allows users to perform complex actions across blockchains in real-time
• Unlike traditional systems that prioritize speed alone, SIN introduces price competition among relayers, creating a more efficient market
• It supports any token and action, such as bridging funds and performing additional steps like borrowing or liquidity pooling in one transaction
• Key features include permissionless relayers with fraud proof mechanisms for security, real-time bidding for better user pricing, and advanced chain abstraction to handle complex operations
Introducing Kondux
• @Kondux_KNDX leverages NVIDIA Omniverse’s Graphics Delivery Network (GDN) to provide high-fidelity, interactive 3D experiences accessible on any device via streaming
• It eliminates hardware limitations and enhances security for 3D NFTs by storing assets behind a middleware that prevents unauthorized downloads
• Kondux's kNFT DNA technology manages and displays digital assets in real-time. The platform supports gaming, manufacturing, and digital collectibles, offering scalable solution for content creation, distribution, and monetization
• Additionally, kNFT technology uses AI to create 3D gaming companions that can adapt to your behavior and personality. These companions learn, talk, and remember, making gaming more personalized
GoPlus AVS Mainnet
• @alt_layer announced that they have launched the 1st security focused AVS mainnet in the market for @GoPlusSecurity, secured by EigenLayer
• This enables GoPlus to be the 1st fully decentralised security provider offering:
⇢ Anti-Phishing/Anti-Scam
⇢ Token Security Analysis
⇢ Malicious Address & AML Detection
⇢ Detection of potential MEV attacks
Pond x Virtuals
• @PondGNN announced that they have partnered with @virtuals_io aiming to enhance the potential of AI agents powered by on chain data
• Pond’s models wukk ve leveraging the Virtuals agent platform allowing users to create tokenized agents for various use cases enable agents for applications such as security, sybil detection etc.
Introducing aixCB Capital
• @cryptoboys27 introduced @aixCB_Vc a community-driven AI Agent venture capital initiative powered by Virtuals
• aixCB aims to empower small projects with good founders and aims to scale and accelerate groundbreaking innovations in the AI and decentralized science sectors
• aixCB has launched its first AI Agent on Virtuals and the $aixCB token will be integrated into the projects that they support
• Holders will have access to:
⇢ Early investment opportunities
⇢ Revenue sharing
⇢ Governance rights
⇢ Community rewards
⇢ Staking and burn mechanisms
Misc News
• @arbitrum becomes the first L2 to reach $20B TVL
Aixcb seems to be interesting, but where is the difference to virtuals itself ?