RaaS #510: Galaxy Launches Neo-bank App!

Rage Trade Winding Down, 0G X Account Hacked, and Moar!

Rage Trade will sunset operations, returning capital to investors. Investors are getting 2.1×, liquid holders $0.42 per RAGE, the team gets severance or tokens, and deprecated vault deposits go back to users. The snapshot has been taken; any further trading voids payout.

Re7’s USDC vault on Gearbox is yielding 25%+ APY, backed by audited RWA strategies and curated by Re7 Labs ($1B+ AUM). Already 81% filled with $9M deposited.

8 writing rules crypto marketers keep forgetting: focus on benefits, use plain language, lead with pain points, show receipts, write like a human, keep it tight, end with clear CTAs, and test everything. Clarity beats cleverness any day.

Dune ignited backlash after boosting a post claiming Dune is more decentralized and transparent than DefiLlama, despite DefiLlama having no VC backing and Dune being VC-funded (including investment from Binance). The post was deleted, but not before CT called out the hypocrisy.

PancakeSwap launched CakePad, a rebrand of its IFOs, offering early access to token launches with no staking or lock-ups. Users commit CAKE, and all participation fees are burned, supporting deflationary goals and boosting token utility.

Umbra Privacy is launching its ICO via MetaDAO, raising $750K for 35% of its 28.5M token supply. Built on Solana and powered by Arcium’s MPC, it enables private on-chain transfers, with plans for swaps, pools, NFTs, and monetized SDKs.

Glider launches “Glider Reserve”, a built-in wallet that lets users fund with crypto, Coinbase, or a card, and move assets freely. It marks a step toward a more integrated financial experience as Glider expands its product suite.

AI grammar check isn’t AIGC!

A starter kit for prediction markets: must-read papers by Hanson & Wolfers, key models like LMSR, and links to top protocols like Polymarket and Kalshi.

Over $555M in token unlocks this week. ATH, APT, LINEA, and BABY lead cliff unlocks, while SOL, WLD, TRUMP, and DOGE headline daily distributions. SOL leads with $115M in unlocks.

Fluid simplifies leveraged LP strategies by combining lending and DEX functions, excelling in correlated pairs like stable-stable or ETH-wstETH. But it struggles with volatile pairs, relies on FLUID rewards, and risks unwinding if incentives stop.

After a year of quests and node ops, 0G Labs gave most testers $6–$15 while influencers got hundreds. Community backlash was swift. Then the official X account got hacked. A poetic, bitter end to a broken promise.

GalaxyOne unifies high-yield cash, crypto, and stock investing into one platform. Earn up to 8% on cash, auto-reinvest in BTC, and access zero-commission trades, built by Galaxy Digital for investors seeking institutional-grade tools.

After Kinetiq’s early cutoff sparked a YT sell-off, updated assumptions suggest $10K in YT-kHYPE could yield $19K with 91% ROI, if Phase 2 points hold. Even without them, the downside seems capped. Degens now face the real risk of being sidelined.

Top Gainers: COAI, ATONE, CREPE, BLESS, GIGGLE.

CLOB appchains are scaling fast. Hyperliquid leads with sovereign infra, while L2s like Bullet & Paradex go modular, and it’s no longer L1 vs L2; it’s who owns liquidity, controls MEV, and builds sticky frontends.

Vitalik sees Ethereum’s low-risk DeFi stack maturing, with ZKID unlocking new financing models. He nods to AI in payments, partial app centralization, and the blurring lines across blockchain business models.

Bernstein predicts a 34% rise in Figure’s stock price, citing its dominance in tokenized lending. With $17B in loans already on-chain and backing from firms like KKR and Apollo, Figure is seen as the infrastructure layer for blockchain capital markets.

That’s all for today, Happy Monday!