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
