GM Digest #494 — Buy the Blood

Good Morning with Valuable Alpha / News

FOMC Market Plunge

• FOMC cut rates by 25 bps but only sees 2 more rate cuts in 2025

• Federal Reserve officials forecast that inflation will remain higher than previously expected, with price growth remaining above their 2% target throughout next year

• Financial markets globally saw a sharp fall after the hawkish Fed outlook, with all three major Wall Street indices closing up to 3% lower

• BTC & ETH retraced 2.5% & 4.0% respectively, with total crypto market cap down by 4.2% across the board

Fluid x Lido

• The proposal suggests a collaboration between the @LidoFinance, @0xfluid, and @Instadapp to enhance the stETH ecosystem

• The collaboration includes fee-sharing programs—30% for Instadapp on new ETH Vault TVL and 50% for Fluid on wstETH and stETH vaults

• Fluid's launch introduces efficient liquidity options, including smart debt and cross-chain refinancing

• Lido Alliance will provide branding, growth incentives, and integration support for expanding Fluid and Instadapp across Ethereum Mainnet and Layer 2s

Introducing Otomato

• @otomato_xyz enables anyone to create autonomous blockchain agents with or without coding skills

• Developers can use an SDK for advanced builds, while non-technical users have access to a drag-and-drop no-code platform

• It features a marketplace for sharing and accessing pre-built agents

• Otomato is non-custodial, leveraging ERC4337 session keys for secure, cryptographically approved transactions. Fully EVM-compatible, it supports real-time monitoring and automated actions across DeFi, NFTs, etc..

• AI-powered agents with data-driven decision-making capabilities are planned for future release

Azuro x Sophon

• @azuroprotocol has partnered with @Sophon to enable $AZUR token holders to stake their tokens on Sophon’s staking platform and earn Sophon Points (SP)

• These points will later convert to $SOPH tokens when the Sophon Mainnet launches

• Sophon, focused on high-throughput applications like gaming and AI, allocates 10% of its $SOPH token supply to its farming program

• The collaboration aims to integrate Azuro’s prediction tools with Sophon’s ecosystem

Introducing Beam L1

• @BuildOnBeam introduces Beam Layer 1, built on the Avax stack and will be evolving into its own Layer 1 after the Etna upgrade

• The Etna upgrade allows all subnets to transition into L1s. As covered in the previous Digest, the transition to the Beam L1 comes together with the introduction of the Beam Nodes which are used to validate the network

• These validators earn $BEAM rewards for securing the network while earning protocol fees from BeamSwap, Beam Bridge and Sphere. There are additional incentives for validators to earn $ATH, $ZENT, $SAGA etc.

Introducing Moca 3.0

• @Moca_Network introduced Moca 3.0, a chain agnostic digital identity infrastructure giving users one universal account for assets, identity and reputation across all ecosystems

• Moca 3.0 will have its own AIR kit (Account, Identity, Reputation) that gives apps the ability to create an embedded account allowing apps to build their own interoperable ecosystems, enabling shared logins and native on-chain transactions. Users will now have ownership of their identity and data while partners will have a verified user base and have access to an interoperable ecosystem

• This unlocks opportunities such as DeFi and RWA, advertising, healthcare, education, gaming and AI

Spicenet Seed Round

• @spicenetio, a unified and composable liquidity layer protocol, raised $3.4M in seed funding led by @Hack_VC and @Magnus_fund

• It focuses on high-performance blockchains for real-time transactions, and network-level liquidity to eliminate fragmentation

• Spicenet plans a private testnet launch with 25 validators already lined up. The initial liquidity will be bootstrapped via a Liquidity Generation Event

Eternal AI on Arbitrum

• @CryptoEternalAI is collaborating with @arbitrum and @CamelotDEX to launch decentralized AI agents on the Arbitrum

• Users can deploy an agent and its ERC20 token instantly by tweeting their idea

• Tokens are fair-launch with no presale or team allocation and migrate to CamelotDEX once reaching a $69K market cap

• Unlike centralized agents relying on ChatGPT APIs, these decentralized agents operate on Eternal AI's decentralized inference

The Chronflux

• @Possum_Labs introduced The Chronflux, a protocol that offers perpetual on-chain yield swaps to address inefficiencies in current DeFi yield trading

• Unlike existing solutions like Pendle, which rely on fixed-maturity yield swaps, Chronflux uses a continuous ERC20 token to simplify trading, enhance composability, and eliminate the need for rollover or active management

• Its approach improves capital efficiency for shorting yield rates, reduces reliance on external oracles, and avoids protocol fees, making it a public good

Rei’s Internship Public Phase

• @ReiNetwork0x announced that Rei’s internship’s public phase will begin and will be progressing through several stages

• The current phase is semi public and aims to allow Rei to merely observe market movements. Next, her tools will be merged with X and she will begin tracking and building analytical frameworks, making initial predictions and answering based on tweet context. She will be able to form connections between bits of information to create her own theories based off the observations. Lastly, she will have a pattern recognition framework to analyse and generate market insights

• In the near future, Rei will have learning abilities, able to integrate multiple data sources, have organic pattern recognition and allow for continuous improvement

Fantasy Top v2

• @fantasy_top_ has launched its V2 platform, coinciding with a $4.25M seed funding round led by @dragonfly_xyz and supported by @ManifoldTrading

• Key features include a new Pack Shop for collecting cards, Fragments for building collections, competitive gameplay with ELO rankings and AI-powered tools, and new Tactics game modes

• The update also introduces Fantasy 𝕏, an integration with Crypto Twitter, offering A.I.-curated feeds, mini-games like Heroes Battle and Hot or Not, and social media-driven insights

• Additionally, all new and existing users get free fragments airdrop

Celestia Ginger Live

• The Ginger upgrade (celestia-app v3) introduces significant improvements to @celestia, including a doubling of data availability throughput by reducing block times from 12 seconds to 6 seconds

• This upgrade also allows community governance to increase block sizes up to 8 MB, equating to a throughput of 1.33 MB/s

• Additionally, Ginger mandates the use of BBR (Bandwidth Bottleneck Reduction) for congestion control, which significantly improves throughput in decentralized, geographically distributed networks

Odos DAO & Airdrop

• @odosprotocol has launched its @odosdao and will introduce a Tokenized Loyalty Program on Dec 20

• The Odos DAO uses $ODOS tokens for governance and a loyalty program that offers tiered rebates and benefits based on user engagement

• Early adopters, identified through historical usage data, will receive retroactive $ODOS rewards also starting Dec 20. If you have used DEX aggregators like DeFI Llama in the past, you are likely eligible

• The $ODOS token is used for governance and incentives

ENS x Ubisoft

• @ensdomains announced their partnership with @Ubisoft to have their first gaming collaboration

• Gamers will be receiving their Niji Warrior ID Card, an ENS subname under edenonline.eth linking their character name to the owner’s address giving users an identity within @EdenOnline_exe

Introducing Beam Nodes

• @BeamFDN introduced Beam Nodes along with the Horizon upgrade transitioning the Beam Network into a PoS consensus mechanism

• During Week 1 of the mint, the nodes will be $1250 per node and users can pay in $BEAM, USDC, ETH or $AVAX. After Week 1, users can only purchase in $BEAM for $3750. All Node fees will be converted to $BEAM and be burnt

• Validators and delegators earn $BEAM reward tokens and also secondary rewards from BeamSwap, Beam Bridge & Sphere. Validator incentive grant tokens like $ATH, $SAGA, $ZENT and many more • After the Horizon Upgrade, users will need 20,000 $BEAM tokens, 1 Node Token, a monthly fee of 1.33 $AVAX paid to the Avalanche P-Chain and certain hardware requirements to run the node

• Alternatively, users can delegate their $BEAM tokens and start earning without a minimum stake. However each validator can only have a maximum of 50,000,000 $BEAM and 1,000 Node Tokens delegated to them

Frax Roadmap

• @fraxfinance is rebranding their tokens and upgrading its ecosystem to drive stablecoin adoption and onboard more DeFi users

• Its flagship stablecoin, FRAX, will transition to frxUSD, a fully collateralized and fiat-mintable dollar stablecoin. Frax Shares (FXS) will be renamed FRAX and will function as a chain token powering the Frax ecosystem

• New features include expanding frxUSD to multiple blockchain networks, introducing staked frxUSD (sfrxUSD) for earning yields, and rewarding veFXS holders with Frax Bonds (FXBs) and ecosystem rewards

• Frax is also establishing a Crypto Strategic Reserve to invest in BTC and ETH

Beam Abu Dhabi Fund

• @BuildOnBeam Ventures plans to launch a $150 million gaming-focused venture fund and accelerator in Abu Dhabi, aiming to make the city a global gaming hub

• The fund targets blockchain, gaming, and AI innovation, supporting game devs and early-stage startups

Swarm x Plume x MetaStreet

• @SwarmMarkets is launching tokenized gold on the @plumenetwork, a modular blockchain for real-world asset finance (RWAfi

• This integration includes @metastreetxyz's lending infrastructure, allowing Plume users to borrow and lend against tokenized gold holdings, turning static assets into yield-generating tools

• Swarm Markets specializes in tokenizing and trading real-world assets like US Treasury bills and Apple stock in a compliant manner. Plume focuses on simplifying asset onboarding and DeFi integration for RWAs, while MetaStreet provides liquidity and yield solutions for unique on-chain assets, including NFTs and RWAs

Introducing GAZE

• @Gaze_Network’s GAZE Tool aims to address Bitcoin's high data storage costs and limited programmability caused by the dominance of meme token trading

• By bundling crucial dApp data with meme trades, GAZE reduces storage costs for projects and introduces dual-token rewards for traders

• This approach transforms meme trading into a mechanism for enhancing Bitcoin's infrastructure, enabling expanded use cases in social, GameFi, and AI integration, and making Bitcoin more programmable and efficient for dApps