Daily Alpha and Summary. December 16, 2024
DeFi
3 days go Allez labs, in collaboration with Morpho and Yearn, introduced a pre-Polygon Improvement Proposal to utilize $1.3B in stable reserves for yield strategies. In response to this proposal, Aave plans to phase out its lending services on Polygon PoS as a security mitigation measure.
Ethena’s USDtb stablecoin backed by 90% of BlackRock’s Buidl fund goes live. Unlike synthetic USDe, USDtb will function more like USDC and USDT
PENGU and Simon’s Cat CAT to be listed on Binance today
Moca goes live on Binance prep
Avalanche most anticipated chain upgrade, Avalanche 900 goes live
Ripple to launch RLUSD today
Lido initiates sunset of staking service on Polygon due to limited user adoption, resource intensive maintenance etc, users are notified they can withdraw funds until June 16, 2025
Eliza Labs team behind ai16z bot is partnering with Stanford University to study how autonomous AI bots will integrate with the wider digital asset economy
Grayscale introduces new crypto fund for Horizen ZEN
Etherfi proposes to utilize 5% of the their revenue to buy back ETHFI every month and distribute it to ETHFI stakers
State of the Market
MicroStrategy acquired another 15,350 BTC, they now hold 439k BTC
UK’s financial regulator issued a warning against Retardio meme. Retardio’s response: The "UK Oi Bruv's" have officially Oi'd their last Bruv.
The tip is sticky.
NFT Cyber Kongz receives Well Notice from the SEC
SoftBank CEO Masayoshi Son pledges $100B investment in the US and create 100,000 jobs focused on AI infra
