Daily Alpha and Summary. 12, June, 2024

Defi

At dyad yield is in 3fig

Biconomy, launched the "Delegated Authorization Network" (DAN) for safe delegation of on-chain activities to AI agents. DAN grants AI projects access to users' Delegated Auth keys stored on EigenLayer AVS. Biconomy collaborated with Silence Labs for DAN's development and launch.

Ava Protocol, formerly OAK Network, raise $10M in seed funding ($5.5 million initial and $4.5M seed+ rounds) led by Electric Capital and Sandeep Nailwal to develop its Eigenlayer AVS for private autonomous transactions on Ethereum

Overlai, project for image verification co-founded by photographers Paul Nicklen and Cristina Mittermeier, announce beta launch of its mobile app and Adobe Plugin on

Vana, network for user-owned data, released its Satori testnet.

SubQuery, distributed network of decentralized indexers and RPC providers, will launch the first decentralized RPCs for Polkadot and Kusama

Renzo’s ezETH withdrawal enabled in Jun 18th

Following Polygon’s rebrand to POL, they’ll unlock 1B POL over 10 years in grant funding to projects. S1 of grants program just went live, to distribute 35M matic to projects

Crypto Hayes joins Covalent as advisor as they share similar AI goals. TLDR; Covalent with its ETH wayback Machine used for DA goes AI

Ionet token went live on Binance

Aethir Cloud token goes live on Bybit

Binance invested in ZircuitL2, a zk rollup with parallelized circuits and AI-enabled security at the sequencer level.

Restaking project Symbiotic announce $5.8M seed, co-led by paradigm and cyberFund. Lido forms alliance with them

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State of the Market

Recent ETF outflows following last Friday's US economic data release is potential catalyst for shift in investor sentiment

Trump