Crypto Daily Digest - October 21st

TI Research

$OHM and $ALCX have completed go-live at Tokemak; CME ETH futures open interest tops $1 billion; Uniswap V3 liquidity management protocol Sommelier closes $23 million in funding led by Polychain Capital.

<Pimco> Daniel Ivascyn, chief investment officer at Pacific Investment Management (Pimco), confirmed that Pimco is already involved in the cryptocurrency space and plans to gradually increase its investments in digital assets, with some of its hedge fund portfolios already trading cryptocurrency-related securities. Pimco, founded by Bill Gross, known in the industry as the king of bonds, has more than $2 trillion in assets under management, with a focus on strategic investments, international mergers and acquisitions, asset restructuring, private placements, capital operations, foreign equity offerings and IPOs. Pimco's principal activities include strategic investments, international mergers and acquisitions, asset restructuring, private placements, capital raising, foreign equity offerings, initial public offerings (IPOs) and reverse takeover offerings (RTOs), financial advisory, and management consulting. Source

<CME> CME ETH Futures open interest breakthrough $1B. Source

Funding

<Sommelier> Sommelier uses a cross-chain network of validators to manage Uniswap v3 positions. The Ethereum-based and soon-to-be Cosmos-managed co-processor for DeFi traders and liquidity providers (LPs), has raised $23 million in a round led by Polychain Capital, the team announced on Wednesday. The round included participation from Byzantine Ventures, Tendermint Ventures, Secure Ventures, D1 Ventures, Ferngrove Ventures and Alameda Research. Source

The $3.5 million financing for the project was previously reported on March 10:Source

Trading

<Monoswap> Monoswap AMM is now live on Ethereum and Polygon mainne. Source

Liquidity

<Tokemak> The single asset $OHM and $ALCX Token Reactors are now live for deposits for Liquidity Providers. Note: While deposits are now live, active liquidity deployment is not — meaning your OHM or ALCX are not being utilized as liquidity just yet. Tokemak’s active liquidity deployment will begin in several weeks. Source

<Alchemix> Alchemix‘s tokemak pool: tALCX Pool is live and rewards will start in 20:00 UTC+8. In order to get tALCX, deposit your $ALCX in @TokenReactor.

Yield

<Saffron> risk tranching protocol Saffron finance announced the Saffron Staking V2 web3 app goes live on ethereum mainnet with SFI single-asset staking, SFI/WETH LP pairs (Uniswap and SushiSwap), and our other partner pools. Source

  • Rewards are turned off (0 SFI per block) until Sunday, October 24th.
  • As soon as our new snapshot strategy is completed, users who stake SFI in any Saffron Staking V2 pool are eligible for enhanced voting power in the Saffron governance process… and may be eligible for new types of non-emission rewards in the future as well.

<Alpha Finance> Alpha Homara V2 launches on Avalanche. Source

Solana

<Friktion> Friktion introduces an Automated Portfolio Manager (APM) into the DeFi ecosystem, offering both active and passive strategies, known as Volts. DeFi portfolio manager built on Solana. Source

<Port Finance> Saber USDT-USDC LP token is alive on Port Finance. By enabling liquidity providers to use their LP tokens as collateral. Source

GameFi

<Goodghosting> Good Ghosting is a DeFi gamification product designed as a forced savings challenge for users, requiring all participants to set a savings time and amount of money to be saved each time. The savings tokens can be USDC or DAI, and all assets invested by users in the savings pool will be allocated to Aave and Yearn to receive lending revenue. At the end of the game, all principal is returned to the user, but only those who have participated in all of the fixed deposits will be able to split the interest in the pool. goodghosting has launched a campaign at Celo where users are rewarded for depositing cUSD. Source

GoodGhosting launched its Zero-Loss Savings Game on October 17. The game creates an ETH savings pool on Polygon where users can earn WETH and WMATIC rewards for depositing Ether into the pool, with a maximum of 690 participants. The WETH reward comes from depositing ETH from the pool into Aave, while the WMATIC reward comes from Polygon's sponsorship.

Readings

<Olympus, Tokemak, Fei & Ondo> New Approaches to Liquidity in DeFi: Source

<A Guide to Designing Effective NFT Launches> By Paradigm (Anish Agnihotri) and Hasu: Start with Loot, Meebit and other launch examples to analyze how NFT projects are launched better:Source

<YGG September Asset Disclosure> Source

DeFi

Lending

Ethereum

TI Research

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