GM Digest #57

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

Equalizer on Base

• @Equalizer0x, the #1 Top Volume Solidly DEX on Fantom expands to Base

• veSCALE (Base) tokens will be airdropped to all stakers, holders, LPers, and Tarot Lenders

• Similarly to other Solidly Forks, $EQUAL has been dumping in price for a few months. Regardless of this, $EQUAL has been performing relatively better than other Solidly Forks and have continued to be one of the Top DEX on Fantom that generate Top Volume across the chain

Lendle LSD & RWA

• @lendlexyz has shared its capabilities beyond lending. Through future integrations with RWAs & LSDs.

• Lendle plans to integrate LSDs & RWAs Derivatives (Stocks, Bonds, and other Traditional Assets) into its platform. Lendle is currently in talk with @KumaProtocol, tokenizing RWAs and utilizing them as collateral

• Lendle was one of the first project to launch its $LEND token on Mantle. $LEND has been continuously declining (-50% since TGE) and is now trading at $1.6m FDV

Thoughts: The poor price action is caused by the general market sentiment, the relatively low hype around Mantle, and the emissions that Lendle provided to its Liquidity Mining incentives. When you’re launching a new token, you’d want the LM Incentives to start the flywheel of users coming into use the platform, speculate, and stake the native tokens to earn yields. The flywheel did not take its shape for the aforementioned reasons, but the TVL is currently sustained at $1.8m and $LEND price has fallen down enough to make itlook undervalued. Once Mantle eco kicks off, $LEND will be a good candidate for #1 Native Money Market if they continue to ship and includes LSDs & RWAs as Collaterals

Liquid Driver x Retro

• @LiquidDriver partners with @Retro_Finance to bring liveRETRO, liquid staking wrapper tokens of veRETRO, allowing users to earn veRETRO yields without all the lockups

• Users can convert RETRO to liveRETRO anytime at 1:1 | Users can also convert veRETRO to liveRETRO with 30 - 70% dynamic fee (depending on the liveRETRO/RETRO pool weight)

• Fees & bribes & rebases will be automatically converted to liveRETRO. liveRETRO follows the success of liveTHE, a wrapper for THENA’s veTHE currently dominating THE game on BNB Chain

• Retro is a @ThenaFi_ friendly fork on @0xpolygon and @LiquidDriver is a Governance Blackhole & On-Demand Liquidity-as-a-Service Provider (LaaS)

• $RETRO PA post-TGE is one of the best price action relative to other Solidly Forks. $RETRO has increased by 4000% from the starting TGE price at the end of August

Thoughts: Retro has come a long way from its Satin Exchange that flopped on Polygon. Concentrated Liquidity, v3 farms, oTokenomics, Liquid wrappers, are paving the way for Retro to compete for the Top Solidly DEX spot on Polygon

NFTPerp v2 Paper Trading Competition

• @nftperp v2 Paper Trading Competition is Live — Users can try out the new v2 functions, Long/Short BAYC, CryptoDickButts, Milady, and Pudgy Penguins without any risk

• To be eligible, either buy a Mafia Nut NFT or Fill our the form on NFTPerp latest Medium article

• Winners or Top PnL Leaderboard will receive NFTs (#1 will receive a CryptoDickButt NFT)

Gauro Ponzinomics

• @gauro_io has been the talk of the Ponzi town since yesterday. It aims to provide an innovative “Compound Reward Protocol” feature which generates 0.68765% interest rate per hour, promising you 1000% ROI in 14 days

• It basically just automatically rebases the emission to holders, a simpler (3,3) without having to manually stake for yields

• $GAURO has pumped 400-500% yesterday from its low and has since then retraced 60% from its ATH

Thoughts: Not a fan of this kinda ponzinomics in this market environment. The inevitable outcome is death, better ape into something that has actual use cases

Orderly Network x Google Cloud

• @OrderlyNetwork-Google Cloud collaboration equips developers with user-centric enterprise tools like customizable widgets and ready-made solution

• Orderly Network will exclusively develop off-chain components of DeFi infrastructure on Google Cloud

• Orderly is an omnichain CLOB infrastructure. It’s the ultimate trading lego for seamless integration by any builder on any blockchain

Thoughts: The emergence of Orderly toolkits for enterprises allow Web2 & Web2.5 Corporates to transition / bridge their products to Web3 easier via existing Orderly Defi infrastructure. More bullish news for the industry

Raft v2 Interest Rates Vaults Live

• Users are now able to generate $R - Raft’s stablecoin using LSTs as collateral

• The LSTs able to be collateralised are $wstETH, $rETH, $cbETH, $swETH, and $WETH

• The interest rates for these LSTs are around 3% - 3.5% APR and R Savings Rate is increased from 6% to 8%

• R Savings Rate is generated from DAI (through Chai, DAI generated savings rate from its revenue from RWAs) & borrowing fees, flash mint fees, and protocol liquidation fees

• The $R peg has been fluctuating for a bit at $0.99 - 0.995

Thoughts: Peg Stability Module has been implemented on Raft v2, allowing users to convert from R to DAI at a fixed rate. This helps anchor $R at $1 and makes it attractive for users to farm for that 8% Savings Rate

yETH Live

• yETH is now live and users can now deposit ETH onto @yearnfi to gain exposure to different LSTs

• Currently yETH's launch composition is made up of LSTs from: @fraxfinance, @swellnetworkio, @LidoFinance, @staderlabs, @coinbase

Thoughts: Yields are constantly fluctuating and it is gas inefficient to constantly swap between LSTs to get the best yields. yETH product is a good way to get exposure to all LST yields without worrying about not being able to maximize yields

Index Coop Introduces ic21

• Index Coop introduces ic21 which is a multi-chain large-cap index all on Ethereum

• The Index Coop Large Cap Index enables diversified exposure to the 10 largest and most successful crypto projects without significantly overweighting BTC & ETH

• ic21’s initial composition will include the majors assets as the underlying assets e.g. BTC, ETH, BNB, SOL, and more

• Non-EVM assets, such as ADA and SOL, will be included via the creation of newly issued wrapped tokens by @21co__

Thoughts: A good product for users to get more exposure to large caps without having to constantly rebalance their portfolio

Mode & ModeSwap

• @modeswap is the first seamless and efficient DEX on Mode @modenetwork

• Modeswap will offer AMM, Farms, Launchpad, Lending, and GameFi offerings on Mode Network (L2 built using Optimism’s OP Stack)

• Mode is designed with contract revenue-sharing incentives at the protocol layer. Applications and users that scale the Mode blockchain will directly receive a proportion of network sequencer profits

• Mode is currently available on the Sepolia Mode Testnet. Users “might” get Airdrop from interacting with its Testnet

Turbo GHO Vaults

• @sommfinance introduced Turbo GHO vaults- a multi-strategy vault aims to offer depositors the highest yields for GHO and GHO-stablecoin pairs with focus on LPing on Uniswap V3 with GHO paired alongside USDC, DAI, USDT, or LUSD

• There is currently a yield booster provided in Sommelier Finance’s native token- $SOMM

• The $GHO peg has been trading at $0.96 since the start of September, down from $0.98 level in August

Thoughts: $GHO has been struggling to maintain a strong peg since its launch. One of the main reasons for this is the lack of a formal redemption mechanism and weak demand for the $GHO stablecoin. Without Peg Stability Module or fixed redemption mechanism for $1, there’s no arbitrage opportunity for arbitrageurs

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