Daily Alpha and Summary. July 9, 2024

Defi

Cega, Pendle, and Etherfi introduce Pendle Etherfi YT Tiger

DeFi into cega’s new product Tiger Vault in collaboration with Pendle and Etherfi. YT-eETH Staking to get Get Boost Yield & Points. Yield is 17.8%

API3 has launched their OEV Network on Arbitrum Orbit, enhancing real-world data accessibility and efficiency for dApps. This network allows dApps to reclaim 90% of the MEV lost by lending protocols

Rome raises $9M to use Solana as an auxiliary network to power ETH L2s

Worldcoin has opened its L2 World chain for devs to use

Crypto cloud storage protocol, Storj buys Valdi a cloud computing network with 16k GPU globally

Term Labs, devs behind fixed-rate lending protocol Term Finance, close $5.5M strategic funding round, bringing cumulative funding to date to $8 million, led by Electric Capital

Union Build, modular interoperability layer adds support for Arbitrum

Tezos is creating a non-custodial crypto debit card with Baanx Group

Depin protocol, Up network unveils Up Mobile a movement labs mobile phone

EOracle and Hexagate have partnered to launch The Gate Security Oracle, an Oracle Validated Service. It’s a decentralized ML-based security protocol built on eOracle stack, Dapps will use Hexagate's security models to protect against hacks

State of the Market

Big