GM Digest #94
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Another Consecutive Green Day
• BTC $30.2k (+1.0%) & ETH $1.675k (+2.8%)
• Altcoins rally with a few Medium - High caps outperforming e.g. $OX $0.0149 (+22.3%) | $AAVE $79.70 (+16%) | $LINK $10.74 (+19%) | $PENDLE $0.79 (+8%)
Infinex Governance Farming
• @infinex_app is a CeFi-like UX Layer (FrontEnd) for perpetual DEXes
• The whole idea behind Infinex is to become the gateway for CEX users to DeFi, abstracting away all the blockchain stuff they are not used to, like wallets, gas, signing transactions, etc. Built on @optimismFND and powered by @synthetix_io Perps V3. Further down the line, Infinex will incorporate more DeFi primitives under the same UI, like lending, borrowing, and more
• Since Infinex is a Synthetix ecosystem protocol they will not launch with their own token, instead they will do a vampire attack on Synthetix governance
• Introducing 'Infinex Governance Farming.' Any trader on a DEX or CEX can connect their wallet or API to start earning governance points. There are rooms representing popular exchanges such as Binance, GMX, Uniswap, ByBit, and more. If you have ever traded on any of these exchanges, connect your wallet or API key, and depending on your trading volume, you will be retroactively awarded governance points. Additionally, you can stake the native tokens of these exchanges to earn even more points. Synthetix stakers will also receive the points through an airdrop (the vampire attack)
Amnis Launch
• @AmnisFinance is a liquid staking protocol on Aptos with yield tokenization
• They recently launched on the 20th and have already achieved a TVL of $12.2M. When you stake $APT with Amnis, you receive the liquid wrapper $stAPT and begin earning a 7% APR. This is currently the highest yield available in Aptos DeFi.
• They also plan to introduce yield tokenization a la Pendle, where you will have the PT(principal) and YT(yield) tokens of $stAPT, enabling you to trade the yield
Thoughts: Worth noting that Aptos TVL has started to pick up recently, and as of a day ago it is breaking out to new ATHs. Amnis is currently the biggest liquid staking protocol on Aptos. Not a bad bet if you are bullish on Aptos for some reason
Friend Tech Gang
• @friendtech_gang is a point farming aggregator for Friend Tech
• Here's how it works: they bootstrapped a treasury by minting 969 NFTs and raised 93 ETH. Using 70% of that ETH, they purchased FT keys from big influencers. They will then distribute the alpha and all points earned through farming to both NFT holders and key holders on FT
• If you want to be a part of the gang you will have to buy one of their NFTs on OpenSea
Rollbit Duel Arena
• @Lucky_Rollbit teased on X that Rollbit will soon be having a new game — Rollbit Duel Arena
• Rollbit Duel Arena will be a 0% edge 3D PvP game. Not much info has been released on this new game at the moment, but one important component would be to recreate the RuneScape Duel Arena experience is the negotiation phase. Players will be able to negotiate their stakes with each other with no limitations or restrictions through an individual chat
NerdBot Public Sale
• Round 1 of the @0xNerdBot public sale is currently live for whitelisted users. The maximum buy cap for Round 1 is 2000 USDT and is almost filled
• Round 2 for KOLs and community partners will be live at 10am UTC today with a 500 USDT limit. Round 2 will be live for 4 hours
• After Round 2, Round 3 will be open for the public at 330pm UTC today and is capped at 250 USDT. This final round will go on for an hour or until the public sale allocation is filled
• Nerdbot is an On-chain Analytics Telegram Bot offering On-chain Radar (Insights), Token Xsight (Token Deep Dive), and Wallet Analytics
Misc News
• @fraxfinance partner protocols on Arbitrum to benefit from Frax’s STIP grant
• @y2kfinance new weekly Vaults are open
• @flooringproto up to $22M in TVL and $50M in volume traded in the first week
• @Vaultkaofficial staking to go live on Oct 25
• @MEonBTC temporarily paused BRC-20 trading until full ord consensus across all BRC-20
• @worldcoin to pay orb operators in WLD rather than USDC
Interesting Yield Opportunities
• @yieldyak_ 9% APY single-side staking USDT on Wombex auto-compounding strategy. You can deposit capital directly on Yield Yak or use @DeltaPrimeDefi to execute the strategy
• @ExtraFi_io msETH-ETH leverage LP up to 100% APR (with veEXTRA Boost). Bear in mind that Metronome was hacked in August along with Curve & Alchemix in the Vypher AttaCK
• @Vaultkaofficial 59% APR HMX-HLP Strategy. Likelihood to increase due to HMX recent HLP composition to GM Pools instead of GLP (GLP also recently increased in APR due to liquidations when BTC & ETH went up)
• @stellaxyz_ Hypernova Leveraged Pendle LP Strategy on Liquid Staking Tokens (LSTs) earning 38% APR with 10x leverage on Penpie. Lending side earns about ~10% APY
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*