GM Opportunities #9
Gm with Actual Farming & Shitcoining Opportunities, From Shittiest of Memecoins to Proper Farming Opportunities, Delivered to You On a Weekly Basis
Welcome to the Ninth Episode of GM Opportunities
In this Weekly Series, you’ll find actual alpha that you can take advantage of, beyond the bits and pieces of alpha that you’ll find on the Daily GM Digest
Last week, we showcased promising projects on Berachain that had already released an official NFT collection. But what about the projects that have yet to do so? That's precisely what we'll be focusing on this week. Let’s dive in.
Infrared Finance
• @InfraredFinance will offer Berachain's first $BGT LSD. If you are not familiar with Berachain's POL and tri-token system, $BGT is the governance and yield earning token of the three. However $BGT is non-transferable, but you can stake it. This is where Infrared's LSD $iBGT comes into play
• On top of unlocking liquidity Infrared will utilize its token $IRED to enhance rewards. Basically, the platform will allow users to earn trading fees, native emissions, and liquid $BGT with no deposit or withdrawal fees and a minimal performance fee (distributed among $IRED holders)
• Essentially, Infrared offers a simplified strategy for navigating Proof-of-Liquidity. It aims to streamline the process for newcomers and boost rewards for $BGT stakers and liquidity providers
• The team is about to release additional details about the $IRED tokenomics soon. Following that, we can anticipate receiving more info about the launch and potential opportunities to gain early exposure to $IRED. For now, joining their Discord and potentially getting some kind of OG/Early AF role could prove useful. Their goal is to initiate the launch with block 0 on the Berachain mainnet
https://infrared.finance/
Kodiak
• @KodiakFi is a DEX and liquidity hub for Berachain offering both concentrated and full-range AMMs
• Like most projects on this list, it is incubated by Berachain’s Build-a-Bera accelerator program, with the specific goal to fill a certain gap in the ecosystem
• As you may already know, Berachain is introducing a series of chain-owned native protocols. The first ones are a DEX called BEX, a perpetual futures exchange known as Berps, and a lending platform named Bend. However, it's worth noting that BEX will not provide a concentrated liquidity solution, and this is precisely the gap that Kodiak aims to fill
• Kodiak's other products include a concentrated liquidity management solution, akin to Gamma Strategies, and a tool for permissionless deployment of new tokens and their initial liquidity
• They have not shared their Discord publicly yet, so you can be super early on this one. IF you want to get involved, the best thing for now would be to follow their socials and keep notifs on. Additionally, on a more speculative note, you might want to explore some of the NFTs we mentioned in the previous episode, for potential WL spots if they do decide to launch with an NFT collection and give allocation to partner protocols in the eco
Stacking Salmon
• @stackingsalmon is an upcoming lending protocol on Berachain offering leveraged yield farming
• Users can be lenders or borrowers in isolated pools. Borrowers gain enhanced farming and vault rewards, while lenders earn significant yield without impermanent loss risk
• Leveraged yield farming allows LP token borrowing to amplify rewards, with unique collateralization and liquidation mechanisms
• Lenders indirectly provide liquidity, transferring impermanent loss risk to borrowers in the protocol
• If you want to get exposure to Stacking Salmon early, specifically in the seed sale, there is an interesting opportunity which involves buying/minting NFTs from @SerDAO_. Minting one Oath NFT gives you a chance to win, while minting 5 guarantees you a spot in the seed round. SerDAO is an investment DAO closely connected to the Berachain ecosystem, which means that as a holder you may have access to similar deals in the future
• Oath NFT mint ends on Jan 22
https://stacking-salmon.gitbook.io/
https://app.manifold.xyz/c/Ser
Beratone
• @BeratoneGame is a @buildabera incubated multiplayer life-sim RPG for PC and mobile, combining farming, and rhythm game elements. Inspired by games like Harvest Moon and Stardew Valley, it offers resource collecting, crafting, and customization in an evolving online metaverse
• BeraTone is set to launch its first NFT collection, the Founder's Sailcloth, providing exclusive in-game perks and access to early demo testing
• The NFT minting event is open to the public and will occur on Jan 21 (Today) at 18:00 EST on the ARBITRUM network. Each wallet can mint up to 4 Founder’s Sailcloth NFTs, and bidding can be increased at any time within a 24-hour period
• The top 870 bids will win, with the price set at the lowest winning bid. The auction will end at a random time in the last 3 hours of the 24-hour period
• Now let's get to some speculation. There is a legit possibility that these NFTs get airdropped the governance token when they decide to launch one, probably after Mainnet goes live. If you compare it with other crypto gaming projects out there, 100M FDV seems achievable. If you reasonably assume 5% airdropped to NFT holders, well.. you might want to bid on those Sailcloths went mint goes live. NFA
https://www.beratone-game.com/
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*