The progress of overseas star projects worth paying attention to last week: SushiSwap founder Chef Nomi announced the transfer of control to FTX founder SBF; Ampleforth will start the second round of mining plans on September 10; DeFi lending agreement bZx announced the restart of Fulcrum platform.
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Star Project Progress
Star Project Progress
DFI.Money (YFII) community initiates YIP 6 proposal: Establish iToken system for YFII Smart Pool
On September 6, the DFI.Money (YFII) community initiated the YIP 6 proposal: to establish an iToken system for the YFII Smart Pool. It is reported that iToken is the equity token of YFII’s core business Vault, which converts ordinary tokens deposited by investors into YFII Vault into interest-bearing tokens, and continuously improves the value of iToken through the automatic optimization of the income strategy of the Vault. At the same time, iToken complies with the ERC20 standard and can be used to combine with other DeFi products in a Lego style to generate more complex DeFi derivatives.
Decentralized Derivatives Project Opium Introduces Credit Default Swaps for USDT
Decentralized derivatives project Opium has introduced a credit default swap (CDS) product for USDT. Launched on Thursday, the product is designed to insure buyers in the event Tether defaults. For example, if USDT falls to 70 cents, the contract maker will pay the buyer 30 cents at maturity. This is the second time within a month that Opium has launched a CDS product linked to a digital asset.
SushiSwap Transfers Its Control to FTX Founder SBF
SushiSwap founder Chef Nomi just tweeted that he has sent timelock management control rights to SBF (FTX founder and CEO Sam Bankman Fried), and is transferring project control rights to SBF.
In this regard, SBF said that it is verifying (the transfer of control rights), but believes that Chef Nomi's move is true. Assuming so, he thanked Chef Nomi for doing a necessary thing and thanked the community for their support. Multisig is coming soon.
Dash releases Dash Platform v0.15, introducing functions such as protocol version control
Dash has released Dash Platform v0.15, which introduces protocol versioning to make it easier for developers to start transitioning to testnets and mainnets. Additionally, the new release includes defining document binary properties, Platform Name Service (DPNS) improvements, distribution package improvements, JS Wallet library refactoring, and changes to the DAPI endpoint. Also, expect the next update to be between October 6 and 20.
Kulupu, a PoW blockchain network based on the Substrate framework, announced that the No. 6 referendum has been passed, which means that 20% of the mining revenue in the Kulupu network will be added to the national treasury as a tax to support the continuous development of the project and the network. Kulupu is a blockchain system developed based on the Substrate framework, adopting the PoW workload proof consensus mechanism and supporting on-chain governance upgrades.
Wei Tang, the founder and core developer of Kulupu, is a well-known blockchain developer. He is the core developer of Parity's Rust. He has previously served as the core developer of Ethereum and Ethereum Classic (ETC). make a contribution.
The Filecoin mainnet code will be frozen on September 30, and the mainnet may be launched in October
On September 3, Filecoin officially held an online conference call for global community members. The official said that the main network code will be frozen soon. And the day before the meeting, the official has released the progress time of the official version of the mainnet on GitHub: from September 4th, the mainnet code will no longer add new functions. The fit is tested and finally optimized, and the code is frozen on September 30. This may mean that the Filecoin mainnet may be launched in October.
Ampleforth will start the second round of mining plan on September 10
The stablecoin project Ampleforth (AMPL) announced that it will start the second round of mining program Ampleforth Geyser Beehive 2 on September 10, which will provide a reward pool of 1% of the total supply of AMPL tokens (currently 4.95 million AMPL, possibly Adjustment), lasts for 3 months, Stake 1 month can get 2 times reward, Stake 2 months can get 3 times reward.
Polkadot ecological project Stafi Protocol will launch the mainnet on September 7
On September 3, the Polkadot ecological project Stafi Protocol announced that the mainnet will be officially launched at 8:00 pm on September 7, Beijing time (12:00 noon on September 7, UTC time).
The previous incentive testnet program was successfully concluded on August 26. During 2 months of testing, the testnet plans to have 600+ participants, 400+ validators, and 3 rounds of progressively difficult testing. The Stafi Foundation will create 6 nodes when the mainnet is launched to maintain the stability and security of the network in the first era. In the first era, community validators can register as validators. Those who successfully register can participate in the second era of the Stafi network.
The initial validator group will consist of 60 nodes, which may expand to 200 later. The block time is 6 seconds/block. The inflation rate of FIS in the first year will be 10% to incentivize the first generation of staking users and nodes. The ideal betting ratio is 75%. Nominators (confirmers) will benefit from inflation. However, unlocking nominations will take 14 days.
DeFi Lending Protocol bZx Announces Restart of Fulcrum Platform
On September 3, the DeFi lending agreement bZx platform officially announced that co-founder Kyle Kistner announced in an article that the bZx loan and margin trading platform Fulcrum has been restarted. In early February, due to the attack on bZx, Fulcrum announced that it was shutting down for maintenance. FulcrumKyle Kistner wrote that in six months, the bZx team has done a lot of work. Including a 12-week human manual review from Peckshield, and a 7-week review from Certik. The bZx team refactored, refined and improved the protocol from the ground up. Fulcrum 2.0 is simpler and more than twice as efficient in gas.
Earlier in early February, it was reported that the DeFi loan protocol bZx was exposed to two attacks, resulting in the loss of ETH, and then the official announced the closure of Fulcrum for maintenance.
Oasis Protocol, a blockchain privacy computing platform, announced that it will soon launch the Oasis network native token ROSE. The circulation of ROSE tokens at the start of the main network is about 1.5 billion, and the total limit of tokens is 10 billion. The term ROSE has historically been seen as a symbol of privacy, according to Oasis Protocol. ROSE tokens will be used for all transactions, staking and delegation on the Oasis network. ROSE's token distribution model is:
Staking rewards of 1.95 billion tokens;
Early supporters 2.3 billion tokens;
2.25 billion tokens for the community and ecosystem;
The foundation donated 1 billion tokens;
500 million tokens for strategic partners and reserves;
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DEX Aggregator Starcurve Receives Investment from Continue Capital
The DEX aggregator Starcurve announced on Twitter that it has recently received investment from the crypto venture capital institution Continue Capital. It is reported that the core team of Starcurve is located in the Netherlands. The product will make innovations in handling fees, front-end transaction experience, matching engine, token economy, etc. The MVP version will be launched on October 1st.
According to previous news, on September 4th, the decentralized trading platform StarCurve published a blog post announcing that the token XSTAR will be publicly offered at 9:00 pm on September 9th, Beijing time, and will be sold in a joint curve through the Gnosis protocol, which will last until September 16th. end of day. The total number of XSTAR tokens issued is 10,000,000 XSTAR, and the total number of public sale tokens is 7,000,000 (70%). The target amount for this round is at least 250,000 USDC.
DeFi risk management startup Cozy Finance raises $2 million, led by Electric Capital
Cozy Finance, a DeFi risk management startup, has completed a $2 million seed round led by Electric Capital. Other investors include Variant Fund, Dragonfly Capital, Robot Ventures, Slow Ventures, Volt Capital, Spencer Noon, and Moncada.
Jump Trading Invests in FTX's Serum DEX and Provides Liquidity
FTX founder Sam Bankman-Fried announced that Jump Trading, one of Chicago's well-known high-frequency trading companies, is supporting FTX's recently launched DEX Serum and will provide Serum with liquidity. In addition, he revealed that Jump Trading has also invested a “significant amount” of money in Serum.
JRR Capital strategically invests in Farmland Protocol, a cross-chain DeFi aggregation platform
JRR Capital announced a strategic investment in Farmland Protocol, a cross-chain DeFi aggregation platform. It is understood that Farmland Protocol is a cross-chain DeFi aggregation platform that adopts the consensus of the proof-of-stake mechanism, a protocol group that helps holders of public chain assets obtain DeFi farming benefits. Farmland integrates the most popular cross-chain protocols at present, and develops new cross-chain protocols and community governance models on this basis to generate cross-chain assets such as farmBTC and farmEOS. The Farmland team comes from prestigious schools such as Johns Hopkins.
Cryptocurrency trading infrastructure provider Zero Hash completes $4.75 million in Series C funding
Cryptocurrency trading infrastructure provider Zero Hash has announced that it has closed a $4.75 million Series C funding round led by tastytrade owner Sweetwork, with participation from Dough, another app-based broker-dealer, and Small Exchange, a futures marketplace for retail investors. . It is reported that Zero Hash provides settlement infrastructure for platforms (such as application-based brokers), enabling platforms to provide users with cryptocurrency transactions.
Polkadot's ecological privacy infrastructure Phala Network has completed a strategic investment of tens of millions of dollars in valuation. Investors include Candaq Group, IOSG Ventures, SNZ, Waterdrop Capital, Coin World, Ruixin Capital, Wuji Chain, Incuba Alpha Co., Ltd., Exoplanet Capital and Blue Mountain Labs.
Phala Network has entered the Polkadot ecology since the beginning of 2019. As a privacy computing parallel chain on Polkadot, Phala will conduct large-scale distributed deployment of CPUs with TEE functions based on a pow-like incentive mechanism, thereby solving the problem of privacy on the blockchain. problems, so as to serve applications such as Defi and data services on Polkadot. Landing scenarios based on Phala development: Libra bridge, Web3 Analytics and decentralized dark pool have received three fundings from Polkadot.
Dusk Network, a security token exchange, has received more than $1 million in investment from iFinex, the parent company of Bitfinex. Dusk Network, a fintech startup based in Amsterdam, the Netherlands, plans to create a “regulated” security token trading platform for tokenizing assets such as stocks, bonds and commodities. The exchange is expected to launch in the first quarter of 2021.
On September 1, ArkStream Capital, a primary and secondary fund under BlockArk, completed a new capital increase of US$5 million, bringing its total assets to US$10 million.
Su Ye, the founder of BlockArk, said that DeFi will still be our main investment area in the next 6 months. The governance model of DeFi products enables the value of users and funds to be perfectly captured by Token. ArkStream Capital will combine the advantages of BlockArk's integrated marketing agency to give the project comprehensive support in terms of governance model and market growth.
Bifrost Receives USD 600,000 in Seed Round Financing, NGC, SNZ and Others Participate
Bifrost, the basic protocol of Polkadot's ecological DeFi, announced the completion of a seed round investment of 600,000 US dollars. NGC, SNZ, Digital Renaissance, Consensus Lab, LongHash Ventures, DFG, Youbi Capital, Bitrise Capital, Nova Club and other institutions participated in the investment. Bifrost previously received the Web3 Foundation Grant, and is also a member of the Substrate Builders Program and Web3 Bootcamp.
According to the Bifrost team, before the seed round fundraising, more than 160 expressions of interest to participate in the investment were collected, and the intended investment amount exceeded US$3 million. Among the institutions that successfully participated in the seed round this round, there are many early Polkadot investors and institutions related to the Staking business. In the future, we will provide Bifrost with various assistance such as parachain card slot bidding, Staking liquidity business support, etc.
