GM Digest #80
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Aimbot’s New Open BOT
• @AimBot_Coin is an autonomous sniper bot that aims to pick the best launches, enter early, and then sell for profit. The ETH generated from these trades is distributed to $AIMBOT holders
• The new Open BOT will offer a set of customizations that allow you to fine-tune the buying strategy. Additionally, it will be token-gated, requiring you to hold a specific amount of $AIMBOT tokens in order to access it
• Since its launch about 2 months ago, Aimbot has generated 600 ETH, although only about half of that was generated from the AI BOT trading. The other half comes from the 5% buy/sell fee on the token
Thoughts: $AIMBOT price has held on relatively strong compared to other bot narrative tokens, retracing about 50% from its ATH in Early Sep during the bot narrative run. $METAL on the other hand has retraced more than 80%. Both have continued to build and roll out new features
xPERP Token Launch on Oct 12
• @xperptech is a platform that allows you to leverage trade @friendtech keys on Telegram
• It will be a stealth launch on Ethereum happening sometime on Oct 12. The initial pool will consist of 350,000 $XPERP (35% of the token supply) and 3 $ETH. Liquidity will be locked up for 6 months
• The $XPERP token will serve two purposes: revenue sharing and increased leverage based on your token holdings. Holders will receive 80% of the revenue
Xena Launch
• @XenaFinance is a Perp DEX on Base that is launching today at 1 PM UTC
• They will be running a liquidity bootstrapping campaign during which if you provide liquidity and lock for 3 months, you will earn bonus $XEN tokens on top of the regular yield
• Xena Finance utilizes GMX's GLP model by incorporating its own index asset called XLP. Users can mint XLP and earn 45% of all protocol revenue while acting as traders' counterparty
Thoughts: GMX fork on Base that launches with HMX-style campaigns and utilizes Level Finance debt-tranches LP as another unique selling point. Xena is audited by Chain Security. Phase 1 launch will allow users to deposit & 3-months lock liquidity for XLP in exchange for additional XEN rewards. So far not much hype for Xena launch on Twitter. Currently Vela Exchange is the #1 Perp Dex on Base, leading with $1.5m TVL & followed by BMX at $0.6m TVL
Galileo x German Car
• @galileoprotocol is a luxury asset tokenization platform that mirrors the lifecycle of physical assets in physical Non-Fungible Tokens (pNFTs)
• Galileo unveiled strategic partnership with an industry-leading luxury German car manufacturer allowing Galileo to tokenize luxury German cars
• pNFT are customised digital assets that encapsulate a wealth of information, ranging from manufacturing data to complete ownership history
Radiate v2 Roadmap
• @RadiateProtocol, a governance aggregator of Radiant Capital has shared its v2 Roadmap
• Team Changes → Rino (owner) will take some time off and sun10 will be taking over the responsibilities + add Bejaxer as Tech Lead
• New dLP Vault contract & new front end (since there were multiple bugs found by 0xPaladin), Going under audit for Leverager smart contract, improved UI/UX, creation of RadiateDAO, and new tokenomics
• There’s no set timeline yet for when all of these features & updates will be rolled out
Thoughts: At this point, Radpie has far overtaken the #1 place of governance aggregator for Radiant. v1 of Radiate felt very clunky & buggy, v2 could likely change this given the attractiveness of boosted leverager feature (Radpie doesn’t have this rn)
Phalcon Block
• @BlockSecTeam started Phalcon Block last year to monitor transactions on the blockchain
• With BlockSec’s highly accurate detection engine, the team can identify whether these transactions are malicious or not. If the transaction is malicious, the system allows users to configure what response actions to take when an attack occurs
• Phalcon Block has two primary usage scenarios: DeFi protocols and LPs. BlockSec has been creating blockchain security infrastructure with its security services and tools since 2021 by a group of renowned security scholars and experts based in Hong Kong
Sisyphus Doxxed?
• @NFTethics wrote a thread on X alleging that @OpenSea’s Head of Ventures, Kevin Pawlak, has been involved in dubious business dealings and pump and dump schemes under his pseudonym — @0xSisyphus and 0xMagellan
• The thread detailed the Anubis DAO rug and another thread containing evidence linking Sisy and Levin Pawlak. You can read the full thread here:
https://twitter.com/NFTethics/status/1710278757817164213
• @lookonchain did their own investigation on Kevin’s alleged address — "0xBB5B” and sisyphus.eth and found that similar transaction done on the 2 addresses are frequently carried out at the same time. Additionally, many others including The Block journalist @Timccopeland confirms that Kevin is indeed Sisyphus. You can read more on Lookonchain’s thread here:
https://twitter.com/lookonchain/status/1710952409244315743
Misc News
• sDAI added as collateral for $MAI on @gnosischain
• @ton_blockchain announced a strategic partnership with @MVenturesLabs, a subsidiary of @MEXC_Official. This collaboration includes a significant eight-figure investment in $TON
• @TLX_FI a new project building on top of Synthetix
• @solmatesxyz FriendTech Fork on Solana
• @starsarenacom is now preparing to reopen following a security audit with 0xPaladin
Arbitrum Pick of the Day — $JONES
• $JONES — Quorum reached for STIP, 2m ARB available with majority to be distributed to jUSDC & jGLP vaults.
• $JONES up 50% from its recent low of $0.86 and is now trading at $1.35 ($6m MCap & $13m FDV), relatively low valuation given 42% of its MCap will be given in the form of ARB rewards to be distributed in the next 3 months
• There’s also an active buyback program utilizing 255 ETH & 15,000 AURA that will get executed over the course of Q4 2024 - Q1 2025
• There has been no news of when the $JONES tokenomics revamp will happen yet but the community is keeping their eyes peeled and expecting a proper value-accrual mechanism that would derive more value to $JONES holders / stakers
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*