Overseas Weekly | The migration of YAM Finance from YAMv1 to YAMv2 has been completed; BlockFi completed a $50 million round of financing (8.17-8.23)

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Overseas Weekly | The migration of YAM Finance from YAMv1 to YAMv2 has been completed; BlockFi completed a $50 million round of financing (8.17-8.23)

王也

2020-08-24 00:29

本文约4873字，阅读全文需要约19分钟

1inch, a decentralized transaction aggregation platform, announced a token issuance plan and will start liquidity mining.

Produced by Odaily

Author | Wang Ye

Editor | Hao Fangzhou

The progress of overseas star projects worth paying attention to last week: YAM Finance’s migration from YAMv1 to YAMv2 has been completed; Ampleforth launched an elastic AMM and announced that it will start a new round of liquidity mining on Mooniswap; the decentralized transaction aggregation platform 1inch announced The token issuance plan will start liquidity mining.

The following are overseas project progress and financing events:

Star Project Progress

The migration of YAM Finance from YAMv1 to YAMv2 has been completed

YAM Finance tweeted that at 0:20 on August 23, Beijing time, the migration from YAMv1 to YAMv2 was completed, and the final supply of YAMv2 was 3,726,411. According to the previous plan, the governance forum will be launched on August 24 to conduct the community decision-making process required for the V3 release.

Ampleforth launched Elastic AMM and announced that it will start a new round of liquidity mining on Mooniswap

The alternative stablecoin project Ampleforth (AMPL) released a project roadmap, which will build a new generation of financial platform "Elastic Finance (Elastic Finance)" to maximize the value of AMPL.

The platform will build complex applications and achieve horizontal cross-chain based on AMPL and other elastic assets. Specifically, vertically, the flexible financial platform has three functions: flexible derivatives, flexible lending, and flexible liquidity. Among them, flexible derivatives can establish on-chain futures contracts, insurance contracts and leveraged contracts for flexible assets, and flexible liquidity Liquidity providers will be rewarded in Automated Market Makers (AMMs) and Decentralized Exchanges (DEXs). The horizontal aspect is a cross-chain bridge, that is, the functions of liquidity, lending and derivatives will not be affected by the native blockchain.

In addition, Ampleforth also announced that it will launch a new round of liquidity mining program Geyser Enceladus on Mooniswap, and will open 9 liquidity mining trading pairs on Mooniswap, including AMPL/BAL, AMPL/BZRX, AMPL/COMP, AMPL/CRV , AMPL/LINK, AMPL/MKR, AMPL/NMR, AMPL/YFI, and AMPL/yUSD. The mining plan will distribute AMPL token rewards worth USD 225,000 to liquidity providers, and the reward distribution will be completed in 3 months.

1inch, a decentralized transaction aggregation platform, announced a token issuance plan and will start liquidity mining

1inch, a decentralized transaction aggregation platform, announced that it will issue token 1INCH and launch a liquidity mining plan. According to the token economic model announced by 1inch, 30% of the total supply of tokens will be used to ensure network security and maintain its functions ( 4 years to unlock), 22.5% of the tokens are distributed to 1inch core team and future employees (4 years to unlock), 21% are used for ecological construction (4 years to unlock, some of the tokens are used for the new liquidity mining that will be launched in the future plan), 19.5% of the tokens are allocated to investors and shareholders (2.5 years to unlock), 5% are allocated to consultants (4 years to unlock), and 2% are allocated to early liquidity providers of its automated market maker product Mooniswap (1 year to unlock).

Polkadot has completed the DOT split

Polkadot officially tweeted that at 00:48 on August 22, Beijing time, Polkadot reached block height 1248328, and DOT tokens began to be revalued and split at 1:100. As a result, the total amount of DOTs is now 100 times higher, while the price of each DOT has been reduced to 1/100 of the original token price.

Kava has completed the third week of minting reward distribution

yearn finance announced the launch of decentralized insurance service yinsure.finance

Compound may consider developing projects on other public chains due to the high cost of Ethereum

Synthetic Asset Platform Synthetix Reduces Collateralization Rate From 700% to 600%

The founder of Yield Protocol released YieldSpace, an automatic liquidity market-making protocol based on yDai

Yield Protocol founder Allan Niemerg and encryption investment fund Paradigm analyst Dan Robinson released a new automated liquidity provision protocol, YieldSpace, with the goal of providing liquidity for its synthetic tokens yDai and Dai, and ultimately discovering and trading yDai at the best price.

Avalanche Protocol Avalanche Releases Everest Release Candidate

Phase 3, where Aragon transfers DAO power to token holders, will be rolled out in two sub-phases

DAO solution provider Aragon announced that the third phase of its roadmap will be launched in two sub-phases, Phoenix (Phoenix) and Firebird (Firebird). During the Phoenix phase, the interim management committee will hand over the administrative power of the Aragon Court (Aragon Court) to ANT holders. Upon completion of the Phoenix phase, the Aragon Network DAO will be governed by objective (encoded and enforced by immutable smart contracts) and subjective rules (encoded in the readable Aragon Network protocol). Currently, the Phoenix phase has come to an end,

Also, the DAO's code is now frozen and undergoing review. Prior to Firebird, the Aragon community will conduct several funding allocation experiments that will serve in the process of determining how Firebird will be implemented. During the Firebird phase, Aragon network growth will become unstoppable and financially sustainable. Firebird is the result of Aragon's in-depth research in the areas of sufficient decentralization, community currency, and fund distribution.

Filecoin may issue the token FIL in late September

On August 21, a user received an email from CoinList, which showed that Filecoin tokens are expected to be issued in late September. By default, FIL tokens will go directly to the token wallet.

Please refer to OdailyBTC Weekly Report

The latest developments in ETH

Please refer to the OdailyETH weekly report

Recent progress of BTC

Please refer to OdailyBTC Weekly Report

Investment and financing overview

Bella Protocol completes multi-million dollar financing led by Arrington XRP Capital

Bella Protocol, a one-click DeFi aggregator and asset management platform, announced the completion of multi-million dollar financing, exceeding the original fundraising target. This round of financing was led by Arrington XRP Capital, and other investment institutions and individuals include the famous European venture capital Alphabit, Galaxy Digital co-founder David Namdar, etc.

BlockFi Completes $50M Series C Funding Led by Morgan Creek

Encrypted asset lending platform BlockFi announced the completion of $50 million in Series C financing, led by Morgan Creek Digital, and other participating institutions include Valar Ventures (leading investors in Series A and Series B financing), CMT Digital, Castle Island Ventures, Winklevoss Capital , SCB 10X, Avon Ventures, Purple Arch Ventures, Kenetic Capital and HashKey, in addition to NBA champion player Matthew Dellavedova and endowments from two well-known universities also participated in this round of financing.

According to Crunchbase data, this is BlockFi’s third funding round in the past 12 months, and it comes just six months after the company closed its $30 million Series B round. Since its inception in 2017, BlockFi’s total funding has reached approximately $160 million.

Findora Foundation announced the completion of tens of millions of dollars in financing, led by Polychain Capital

The Stanford privacy blockchain project Findora Foundation officially announced that it has completed a new round of financing of tens of millions of dollars, led by Polychain Capital, with investment institutions such as PowerScale Capital and a group of Family Offices and ultra-high-net-worth individuals participating in the investment.

Grafana Labs Raises $50M in Series A Funding Led by Lightspeed Venture Partners

Robinhood completes $200 million in Series G funding, raising valuation to $11.2 billion

Indian digital bank Niyo closes new funding round of about $6 million