Daily Alpha and Summary. August 12, 2024

Defi

Optimism looks to build a solution to connect all chains in the Superchain. They say: “The Superchain needs to feel like one chain”

Superstate announce integration of Chainlink Data Feeds into Superstate tokenized treasury fund, the Superstate Short Duration US Government Securities Fund (USTB)

Built with Gelato and Arbitrum Orbit, Aleph Zero launched Aleph Zero EVM an L2 that will bring EVM-compatible ZK-privacy and rely on the Aleph Zero WASM L1 as DA

Powered by Jito Restaking, Squad labs announce Squads Policy Network (SPN), a new feature that allows users to customize their organizational policies. SPN enables dynamic thresholds, program whitelists, and granular spending limits to better fit various organizational needs.

Euler labs has undergone 29 code audits by 12 independent firms as they anticipate their upcoming v2 launch

Cross-chain liquid staking protocol for the Interchain— Drop is now live on mainnet built as an Integrated Application on Neutron and led by former Lido DAO contributors and P2P, liquid stake ATOM for dATOM

Rewards are coming to Eigen Restakers as they introduce EigenDA Base Rewards

SUI breaks into Top 30 Crypto by Marketcap as CT keeps talking about them

Keep an eye on these unlocks

Canto facing consensus issues after Callisto upgrade on Saturday

State of the Market

Sec charges NovaTech for running a pyramid scheme affecting investors