Daily Alpha and Summary. 21, May, 2024

May 22, 2024

Defi

Morpho lending protocol is coming to Base

Cronos zkEVM mainnet draws closer with testnet upgrad after major release of Tethys. Built in collaboration with Matter labs, Tethys will enhance scalability, reduce fees and improve dev tools.

Developed from deep BFT consensus research, Mysticeti is live on testnet. It’s a new consensus protocol that reduces consensus time on Sui by 80% to 390 ms, making it the fastest consensus layer in the industry

Humanity Protocol has partnered with LayerZero. They’ll combine L0 tech and their PoH for fair governance and airdrop distribution

Gnosis introduced Metri, a self-custodial wallet built for Gnosis chain. With Metri, users will get open financial access, self-custody, and easy asset management. Powered by Safe smart contracts, it provides access to platforms like Gnosis Pay and Circles.

Livepeer, video infrastructure network for live and on-demand streaming, announced its AI subnet launch, it’s a fork of the main Livepeer protocol that enables hardware providers to earn fees for processing AI inference and AI compute jobs

COTI V2, privacy-centric L2 has unveiled its devnet, featuring Garbled Circuits, according to team it’ll will offer 1,000x faster privacy and 250x more efficiency

Common, a multi-chain DeFi suite built on Aleph Zero, launches Common AMM.

Hex Trust Group issues USDX, it’ll be the first native stablecoin on Flare chain. Clearpool will launch a yield vault for it

Zero1 labs partner with Oasis to build towards a privacy centric ecosystem by enabling new privacy features for dapps, and enhancing the security of AI projects incubated under Zero1.

SKALE Labs appoints Andrew Saunders ex Hashflow, Arbitrum, Amazon, as chief marketing and growth officer

Polimec, decentralized funding protocol goes live to help Polkadot raise and issue tokens. Investors can appraise and fund projects after obtaining a Deloitte KYC Credential

Farcaster raises $150M led by Paradigm

zksync plan token distribution this week, with airdrop in June; according to multiple sources.

Taiko tease airdrop with a vid tweet

Leveraged ETH Pepe making a run

Memes

Phantom bought a16z Web3 browser extension wallet, Bitski. Their collab will bring embedded wallets to Solana

Debridge announce token distribution with 20% for community, 20% for core contributors, 17% for strategic partners, 26% ecosystem, 15% Debridge FDN and 2% validators