Daily Alpha and Summary. March 27-28, 2024
Defi
Ondo is introducing instant 24/7/365 subscriptions and redemptions for OUSG, aiming for faster settlements. They're launching a new token, rOUSG. Ondo will move $95M of its assets to BlackRock's tokenized fund to back $OUSG.
Ondo on Blackrock BUDL
Vitalik Buterin emphasized the need for internal scaling and parallelization in Layer 2 rollups to handle increased activity and avoid fee spikes. Following the Dencun hard fork, which reduced transaction costs but led to new challenges, Buterin highlighted the necessity of scaling rollups internally. He suggested parallelization
Machi Big Brother launch meme sol presale
Ethena launchpool live on Binance Stake $BNB and $FDUSD
First protocol fee-free ecosystem and first Arb Orbit chain utilizing EigenDA
Wif keeps sending. Told y’all it’s the number 1 meme this cycle
Lyra now on Base
An Arb Orbit chain focused on anime and culture
Degen an L3 chain built with Arb orbit and Base for settlement and AnyTrust for DA. Incubated by $Degen Farcaster. L3 Gas fee $Degen
Reya Network, a prep dex modular L2 powered by Arbitrum Orbit built on Gelato RAAS SDK
Angle Protocol launches USDA, Angle dollar-pegged stablecoin now accessible on 13 chains via L0
$TAO Bridge to @MultiversX is now live You can now bridge your $TAO get $wTAO get $swTAO (LST $TAO), etc to access multiple defi products with high APY
Hmm, the ultimate AI coin? Ocean, FET, AGIX merger to launch ASI 👀
Plume modular RWA L2 partners with Coinbase wallet
Airdrop
Wormhole airdrop next week Wednesday
Ethena to airdrop 3% supply to Milady Remilio
Ethena to airdrop 5% of supply 750 million ENA tokens on April 2
In April, Linea to follow same route as Manta with Linea Voyage: Surge. Good for whales not so good for early XP farmers
State of the Market
Higher
SBF sentenced to 20 years in prison
China will buy Bitcoin?
Larry Fink max bullish on BTC and doesn’t care about SEC on ETH ETF cos it’ll happen
