In the week of November 9th to November 15th, the events worthy of attention in the progress of star projects include: Filecoin Slingshot will distribute at least 500,000 FIL in the second phase; Bitcoin ABC said it will support the two chains of BCHN and BCHA after the fork ; Members of the Uniswap community suggested setting up a working group to guide the liquidity mining plan.
DeFi security incidents occurred frequently last week. Akropolis and Value DeFi were hit by flash loan attacks; the JustSwap whitelist project SharkTron ran away.
Star Project Progress
The following are specific project progress and financing events:
Star Project Progress
BCH has completed the hard fork, officially forked into two chains of BCHA and BCHN
OKLink data shows that at 22:13 on November 15, the BCH block height reached 661647, and the hard fork upgrade officially started. At present, the hard fork upgrade is completed, and BCH is officially forked into two chains, BCHA and BCHN.
Previously, Bitcoin ABC, the BCH core development team, announced that it would continue to maintain BCH nodes after the BCH fork. Bitcoin ABC stated that after the fork, it will support the two chains of BCHN and BCHA.
On November 9th, Filecoin officially released the introduction and competition rules of the second phase of Slingshot. The second phase of Slingshot will distribute a reward of at least 500,000 FIL, which is in addition to the 50,000 FIL distributed in the first phase. Storage rewards are distributed monthly, where storage tiers are unlocked. Storage rewards will be prorated based on the amount of new valid data that Slingshot participants have stored within the reward window. In addition, the second phase of Slingshot will also set Booster rewards. If the rules are followed and new data exceeding 50GiB is stored in the reward window, miners will receive 10FIL Booster rewards. The official reminder stated that since the launch of the mainnet, all rewards obtained will be distributed linearly within six months, or dealt with accordingly due to other issues.
Ripple buys back $46 million in XRP for the first time in Q3 2020
According to reports, Ripple first purchased $46 million worth of XRP in the third quarter of 2020, even though it already owns nearly half of XRP's supply. Ripple said the acquisition was to support a "healthy market," likely referring to building interest around XRP, thereby boosting its price. A spokesperson for Ripple said the company may continue to purchase XRP to support its newly launched product, the Line of Credit beta. The product allows ODL customers to buy XRP on credit from Ripple.
The ETC mainnet will activate the Thanos hard fork around November 28
On November 9, ETC-Core issued a document saying that Ethereum Classic (Ethereum Classic) is accepting a network upgrade code called Thanos (ECIP-1099). Participating core developers and community members reached consensus on October 2 to accept ECIP-1099. The Thanos hard fork schedule is as follows, which may change as the network approaches the activation block: 1. It was successfully activated on the Mordor testnet at block height 2,520,000 on October 18, 2020. 2. Activate on the ETC main network at block height 11,700,000 or around November 28, 2020.
On the morning of November 10, Zcash development company Electric Coin Company (ECC) officially announced that Zcash will launch the Canopy network upgrade on November 18 to establish a new development fund and further realize decentralized development. Meanwhile, Zcash will experience its first halving. This means that starting from block 1046400, the Zcash block reward will be halved from 6.25 ZEC to 3.125 ZEC.
On November 13, some members of the Uniswap community suggested on the official forum that they could discuss whether the community needs to set up a working group to guide the UNI liquidity mining plan. The working group mainly determines specific plans for UNI liquidity mining. If the proposal can get widespread attention from the community, it may start to recruit volunteers to discuss the specific structure of the working group and other work in the later stage.
MakerDAO has added BAL and YFI as collateral
On November 13th, Maker officially tweeted that BAL and YFI can now be used as collateral for Maker Vault.
According to the official news from Oasis Network, a decentralized privacy computing platform, after receiving relevant feedback and community support on the mainnet upgrade proposal, the community suggested that it be released at 4:00 pm UTC on November 18th (0:00 on November 19th, Beijing time). ) Upgrade the mainnet Beta version to the official version.
Avalanche protocol Avalanche is testing online bridging BTC anchor assets
On November 11, Kevin Sekniqi, co-founder and chief protocol architect of AVA Labs, tweeted that the avalanche protocol Avalanche is testing the network to bridge BTC anchor assets. In this regard, Avalanche CEO Emin Gün Sirer said that the Avalanche protocol (main network) also supports bridging BTC anchor assets.
DeFi lending protocol Aave officially released Aave v2 version on the Kovan testnet
The DeFi lending protocol Aave announced that it has released the Aave v2 version on the Ethereum Kovan test network. This version has a new design architecture, and has upgraded the protocol, UI and UX, and added some new features and tools. Currently, users can test Aave v2 on the Kovan test network for free without spending real assets. The relevant code is currently undergoing four audits, and the audit results will be released before the main network is launched. Additionally, Aave’s ongoing bug bounty program offers up to $250,000.
Beam to Launch Privacy-Focused DeFi Platform BeamX
The privacy coin project Beam team will launch a DeFi platform that enables developers to create confidential, decentralized and user-friendly financial applications. Dubbed BeamX, the platform will launch on Nov. 19 with the first iteration being a trial network, with the mainnet launching in the first quarter of 2021. (Cryptopotato)
Plasm Network, the Polkadot layer-2 expansion protocol, tweeted that the Polkadot parachain auction is coming, and Plasm Network is preparing for a large-scale network upgrade. This also means that a hard fork upgrade is necessary to transition from PoA to PoS consensus. This migration transition will completely freeze the entire Plasm Network network for a period of time. Freezing means that the network basically does not generate new blocks, and this state can only be restored through a hard fork. Based on the consideration of community members and projects, this migration transition will implement a partial freezing of the network to transmit transaction balances, and the main network will operate without sending transactions.
StaFi launches Ethereum 2.0 Staking liquidity solution rETH
secondary title
DeFi security incident
The Value DeFi protocol was attacked by a flash loan and lost $5.4 million
The Value DeFi protocol was hit with a flash loan attack on Saturday. It is reported that the attacker borrowed 80,000 ETH from the Aave protocol, executed a flash loan attack, and carried out arbitrage between DAI and USDC. After exploiting $7.4 million in DAI, the attacker refunded $2 million to Value DeFi, keeping $5.4 million. Additionally, the attacker left a mocking message to the Value DeFi team: “Do you really understand flash loans?” Value DeFi tweeted on Friday that it has features to prevent flash loan attacks. Upon inquiry, the tweet no longer exists.
Subsequently, the Value DeFi team tweeted to confirm that its MultiStables vault had suffered “a sophisticated attack with a net loss of $6 million.” A postmortem analysis is currently underway and ways to mitigate the impact on users are being explored. According to the CoinGecko market, its VALUE token has now fallen below $2, temporarily reported at $1.98, a 24-hour drop of 28.5%. (The Block)
Decentralized finance platform Akropolis loses $2 million in attack
Ana Andrianova, founder and CEO of the decentralized financial platform Akropolis, said that Akropolis was attacked, and the attacker used the flash loan on the derivatives platform dYdX to carry out a re-entry attack, causing a loss of 2 million US dollars.
According to The Block researchers Steven Zheng and Andrianova, the attackers withdrew $50,000 in DAI from the project’s yCurve and sUSD pools. The attackers collected $2 million worth of stablecoins before draining these pools.
Delphi in Akropolis is understood to have been audited twice, one by CertiK and the other by an undisclosed team. (CoinDesk)
JustSwap whitelisted project SharkTron ran away, TRON and Binance froze some funds
The developers of the DeFi project SharkTron allegedly stole $10 million in TRX. The community accused the SharkTron anonymous developer of being an exit scam, and has already taken hundreds of millions of TRX away. While the exact amount of the theft remains unknown, Twitter users reported the loss of between 366 million and 400 million TRX (worth around $10 million).
The official Twitter account of the Tron Foundation confirmed the incident and has contacted Binance to track down the perpetrators and the stolen funds. While Binance has frozen some of the funds, other exchanges may also be involved in recovering the funds. The team advised victims to file a report with local police.
Harvest Finance Announces Compensation Plan for Damaged Users in the Hacking Incident
Investment and financing overview
Investment and financing overview
Blocknative, an ethereum blockchain data startup, completes $5 million in financing
Blocknative, an Ethereum blockchain data startup, has raised $5 million in funding. The financing was led by Blockchain Capital, with participation from IDEO Colab Ventures, Coinbase Ventures, Industry Ventures and Foundry Group, according to the company’s announcement on Tuesday. (The Block)
DeFi Risk Management Protocol UNION Completes $3.9 Million Financing
UNION, a decentralized finance (DeFi) protocol for building risk management tools, announced on November 10 that it has successfully raised a new round of financing of US$3.9 million. Investors include Alameda Research, Solidity Ventures, 3Commas, and Black Edge Capital. Thanks to this latest financing, UNION is expected to go live in the next few months. (The Block)
Axelar, the blockchain interoperability layer, announced that it has received USD 3.75 million in seed round financing, with Binance X and DCVC participating in the investment. Other investors include Divergence Ventures, entrepreneur and investor Waikit Lau, and AngelList founder and CEO Naval Ravikant. The funding will be used to build technology, tools, and API solutions for the network, as well as recruit engineers to help design the underlying technologies and protocols. (Cryptoninjas)
Zapper Finance Receives Investment from Delphi Digital and Coinbase Ventures
Asset management platform Zapper Finance announced that it has received an undisclosed amount of seed expansion round investment from Delphi Digital and Coinbase Ventures.
According to previous reports, in August this year, Zapper Finance announced the completion of a $1.5 million seed round of financing led by Framework Ventures and Libertus Capital, with participation from CoinGecko and Zee Prime Capital. Angel investors in the project include Wyre co-founder Michael Dunworth, Shiny Pony Ventures founder Meltem Demirors, and Maker smart contract lead Mariano Conti. Zapper officials stated that the funds will be used to further expand the accessibility of DeFi. (CoinDesk)
API provider API3 raises $3 million led by Placeholder
API3, which builds a decentralized API (dAPI) network, announced the completion of a $3 million private placement financing, led by Placeholder, with participation from Pantera, CoinFund, and Digital Currency Group. (CoinDesk)
Blockchain-based property software provider Coadjute secures multi-million pound funding
Property software provider Coadjute has received millions of pounds in financing from a consortium led by Swiss venture capital firm Blockchain Valley Ventures, technology investment specialist Odysseus, global real estate fund Ahimsa Esya Capital and David E.Rutter.
Odaily learned that the identity protocol on the chain based on BSV (Bitcoin Satoshi Vision)MetaIDThe development company "Moment Technology" has completed tens of millions of angel round financing. The leading investor is Jinghe Investment, a subsidiary of China Lantian, and two other institutions participated. Founder Feng Xinyu said that this round of financing will be used to strengthen basic research and development, set up a non-profit fund to promote the adoption of MetaID and expand the team.
Recently, the blockchain IP ecological brand "Block Factory" has recently completed an angel round of financing, with an amount of several million yuan, and the investor is Jidou Capital. It is reported that this round of funds will be mainly used for market expansion, team expansion, content production and other aspects.
Founded in 2020, Block Factory focuses on the ecological construction of programmers, especially the blockchain talent track. The block factory realizes the blockchain business ecology by building programmer IP, including blockchain talent training, blockchain content output, and blockchain IP creation.
Pantera Capital and Alameda Research Invest in Balancer by Purchasing BAL Tokens
The DeFi protocol Balancer announced that cryptocurrency investment institutions Pantera Capital and Alameda Research invested in Balancer by purchasing BAL tokens directly from Balancer Labs Treasury, with an undisclosed amount. The new funds will help accelerate the development of Balancer V2. Balancer said that Balancer V2 will significantly improve transaction costs, simplify developer integration and user experience.
