During the week from March 8th to March 14th, the events worthy of attention in the progress of star projects include: the NFT work of encrypted artist Beeple was sold at Christie’s auction price of 69.34 million US dollars; the DODO crowdfunding pool was attacked and 3.1 million yuan has been recovered U.S. dollars; MakerDAO provides Optimism with a two-layer DAI fast withdrawal solution, and the withdrawal time is shortened to a few minutes; the Plasm Polkadot testnet parachain has supported the Ethereum virtual machine.
public chain
public chain
News Recently, a community member asked about the launch time of the Kusama parachain in the Element channel. Polkadot founder Gavin Wood replied, "We will increase the number of validators on Rococo to hundreds of levels to confirm that the network layer is running well. If If all goes well, after this we will integrate the code on Kusama and deploy it.”
Gavin also said, "After the parachain function is launched on Kusama, we will wait for several parachains to run more stably before making further optimizations (such as controlling the block generation time to 6 seconds, execution context, etc.) Some boost, and then deploy more chains." Basti, the core developer of Parity, also said that "the Rococo network has been restarted and some bugs are still being fixed." (Polka World)
Cosmos released a new proposal to enable IBC transfers
According to official news, Cosmos released a new proposal to enable IBC transfers. The proposal allows the use of the ICS20 standard on the Cosmos Hub to transmit and receive assets. If the proposal is passed, ATOM will be used in the IBC-connected area. Iqlusion believes that IBC technology is stable enough for a small amount of value transfer. IBC is a protocol for passing authenticated messages between heterogeneous sovereign blockchains, requiring trust that the chains at both ends of the connection operate within its security model.
The decentralized service platform Avalanche (AVAX) officially tweeted that the Blocknet protocol plan will be migrated to Avalanche in order to fully focus on inter-chain product development. According to the official information, Avalanche is expected to complete the Avalanche index system in May, at which time Blocknet will begin to migrate to the Avalanche subnet.
Litecoin MimbleWimble privacy protocol code will be completed by March 15
LTC official forum information shows that Mimblewimble developer David Burkett said that the complete code of MWEB (MimbleWimble extension module) will still be released before March 15.
BM Releases Draft EOS Community Governance Proposal
EOS founder BM (Daniel Larimer) announced on Twitter that he has released a draft of the EOS community governance proposal. The draft outlines the process of vetting and appointing individuals to control the distribution of EOS tokens, as well as the future direction of EOS. According to the draft, to become a community member, an invitation from an existing member must be requested (or provided) and confirmed by two other members. Finally, new members must be approved by at least one community elected official. Additionally, every 10% growth in the community automatically triggers an election, and no new members can officially join until the election process is over. This mitigates the risk of elections being sybil-attacked.
Chainlink oracle officially completes Heco chain deployment
DeFi and related infrastructure
DeFi and related infrastructure
Compound announced that Proposal 040, initiated by Larry Sukernik, has been officially submitted for voting. The proposal plans to allocate 5,000 COMP to the community multi-sig (0xf1d8c2eed95d5fc2eade4e6bb15a5969453e89a9) to establish the Compound Grants Program (CGP).
Yearn Finance Launches Yearn Partners Program
On March 8, Yearn Finance (YFI) officially released the project weekly report. Yearn Finance has announced the launch of the Yearn Partners program, according to the weekly. DeFi protocols participating in the program will be able to obtain part of the revenue generated by the total locked-up volume (TVL) of Yearn products. The official stated that Yearn Finance will not review the codes participating in the agreement of the plan, and the agreement security still depends on the agreement development team; but if the depositor uses the Yearn Finance user interface and contract, the official will supervise the contract security. The program is in the final testing and auditing phase and will be rolled out gradually over the coming months.
The decentralized trading protocol 0x protocol announced that it will launch 0x community DAO and community treasury (Community Treasury), will start chain governance in the next few weeks, and start a community treasury of 2 million ZRX. 0x Labs has identified the first batch of leading delegates to promote the decentralization of governance, namely @0x_nikita, @SonofPegasus (0x ambassador), @zerion_io (Zerion), @0xsha2 (software developer), @JoaoCampos89 (dexkit chief developer) by Joao Campos), @gab_rigo (RigoBlock founder and CEO Gabriele Rigo), @DeFiSaver, and VolleyFire (KeeperDAO and 0x market maker).
Ethereum Privacy Trading Platform Tornado.Cash Adds On-Chain Deposit Backup Function
The Ethereum privacy trading platform Tornado.Cash has added an on-chain deposit backup function, making it easier and safer for users to manage deposited funds. In previous versions, users had to manually back up and locally store their private random key notes (notes) in order to access their own deposits of tokens or Ethereum. Now Tornado.Cash has implemented on-chain encrypted backup of private notes. Users will now be prompted to encrypt notes with a "Note Account" and store them directly on the Ethereum blockchain. In addition, users can still use the local storage function.
Andre Cronje launches fUSDT in cooperation with Frapped and Tether teams
Multichain.xyz, a cross-chain trading platform, cooperates with Popsicle Finance, a cross-chain yield enhancement platform, and Tether to launch the first official cross-chain USDT encapsulation asset fUSDT. Andre Cronje, founder of Yearn.finance, said that he is very happy to cooperate with the Frapped and Tether teams to realize the first official cross-chain standard for native packaging assets, and more details will be announced later.
88mph releases first improvement proposal
According to the official Twitter news, the DeFi fixed interest rate generation protocol 88mph (MPH) released the first improvement proposal (8IP). The proposal includes: 1. Make the vesting period of depositor rewards equal to the deposit period; 2. Distribute MPH pledge rewards in MPH ;3. Cancellation of MPH payout during withdrawal.
The Graph Announces Hosting of its Governance Protocol on Radicle
secondary title
Layer2
Chainlink Oracles Now Live on Arbitrum Rollup Testnet
According to official news, the Chainlink oracle network has been officially launched on the Arbitrum test network. Chainlink’s ETH/USD, LINK/USD, SNX/USD, AAVE/USD and BTC/USD reference prices will be released initially. Developers can use these The price feed is integrated into its layer 2 smart contract for off-chain price data.
The MakerDAO smart contract team is about to launch a solution, OptimismDai Bridge, which can solve the problem that Optimistic Rollup requires a one-week withdrawal time. Specifically, the solution allows L1 DAI to be locked to mint L2 oDAI, and oDAI to be instantly burnt to access L1 DAI. MakerDAO will support the fast withdrawal function in the third or fourth quarter of this year, allowing migration from oDAI to DAI, and immediate settlement.
Plasm Polkadot testnet parachain already supports Ethereum virtual machine
Plasm Network, the Polkadot ecological project, announced on Twitter that the Plasm Polkadot testnet parachain has supported the Ethereum Virtual Machine. Now, developers can deploy Ethereum contracts on the Polkadot testnet instead of on the independent Substrate chain.
NFT
Crypto artist Beeple's NFT works were sold at Christie's for $69.34 million
The NFT work "Everydays: The First 5000 Days" by the famous encryption artist Beeple was sold at Christie's for $69,346,250.
CryptoPunk No. 7804 was sold at a high price of 4200 ETH, or about $7.56 million
On March 11, CryptoPunk No. 7804 was sold at a high price of 4,200 ETH, worth more than $7.56 million. It is reported that CryptoPunk No. 7804 is one of only 9 CryptoPunks with the Alien attribute.
Banksy's Works Burned and Converted to NFTs Sold for 228.69 ETH
An NFT of Banksy's painting was sold on NFT trading platform OpenSea to bidder "GALAXY" for 228.69 ETH, or approximately $380,000.
According to previous news, the blockchain company Injective Protocol purchased the painting of the British painter and famous street graffiti artist Banksy for US$95,000, burned it during the live broadcast, and then digitized it into NFT. CBS TV station reported that the paintings have since been digitized into unique virtual assets (ie NFT). (CoinDesk)
Due to the surge in demand for NBA Top Shot's NFT, the development team Dapper Labs was forced to reconsider the development route and packaging method. Dapper Labs said it hopes NBA Top Shot will attract a wider range of users, just not so fast. The result now is that the market is down, new user registrations are suspended, and users have to wait a long time to withdraw funds. All of these issues are something the company is currently grappling with. According to news yesterday, due to the surge in visits, NBA Top Shot announced restrictions on collector activities. (Decrypt)
Security Incident and Follow-up
Security Incident and Follow-up
BDP Responds to the Coin Withdrawal Issue: Airdrops Will Be Airdropped to Affected Users
The well-known DeFi project Big Data Protocol is unable to receive rewards normally due to a bug in the project's own code. According to the analysis of the SlowMist security team, this problem is due to the fact that the BDP token contract of Big Data Protocol has incorrectly verified the seePoolAmount variable in the mint function, resulting in the failure of the normal execution of the contract function. At present, contract users can only withdraw funds through the emergency withdrawal function. However, the emergency withdrawal function cannot withdraw mining income at the same time. In response to this issue, Big Data Protocol responded on Twitter:
1. All funds are safe. Users can safely withdraw coins from the seed pool.
2. The smart contract incentive mechanism does not allow users to claim previously unclaimed BDP after the mining activity ends. We will airdrop BDP to those affected users (the airdrop will be from tokens that were previously scheduled for other uses).
3. bALPHA rewards and liquidity pool will not be affected.
The DODO crowdfunding pool was attacked and $3.1 million in funds have been recovered
According to official news, the decentralized exchange DODO (DODO) announced the progress of the attack on some fund pools. The main reason for this attack is that the initialization function of the crowdfunding fund pool contract did not prevent repeated calls, which caused the hacker to reinitialize the contract and pass lightning. Loan completed the attack.
In this incident, three participants, one hacker and two trading robots, had a total of about $3.8 million worth of funds attacked, and the current owners of the two trading robots have returned tokens worth about $3.1 million. In addition, funds worth about 200,000 US dollars were frozen in the centralized exchange, and the remaining funds worth about 500,000 US dollars were borne by the DODO team. All funds will be returned within 24 hours.
Furucombo Announces Hacking Compensation Plan, Will Release 5 Million iouCOMBO Tokens
Furucombo announces compensation plan for hacking attacks. Furucombo stated that it will distribute 5 million iouCOMBO tokens to the affected users. iouCOMBO is an ERC20 token representing the right to claim COMBO tokens. iouCOMBO tokens are transferable, and anyone who owns the tokens can claim COMBO in the repayment pool.
5 million COMBO tokens are allocated to the repayment pool. Among them, 1 million are from the core team (accounting for 3.85% of the original core team and future recruitment plan of 26 million), and 4 million are from the community growth plan (accounting for 7.69% of the original 52 million community growth plan). Starting from March 1st, these iouCOMBO tokens will be unlocked linearly for 360 days. The Furucombo team plans to create and distribute iouCOMBO tokens and a compensation pool in April after the audit is completed.
The oracle project HSO on the Huobi ecological chain HECO ran away with 30,000 HT after IDO
HSO, the latest oracle project on the Huobi ecological chain HECO, took 30,000 HT away after IDO, and the website and TELEGRAM could not be opened. Huobi said that risk control has been carried out at present, and the user's assets will not be lost, and it is urgently contacting the project party. Du Jun said that "general assets cannot escape". Huobi said that the risk control of the relevant address has been carried out so far, and the user's assets will not be lost, and will contact the relevant parties to properly handle the follow-up matters.
According to Etherscan.io data, the community token platform Roll was suspected of being attacked, and the tokens issued by it were sold in large quantities on Uniswap. Affected tokens included ALEX, RARE, BAEPAY, KERMAN, WHALE, PICA, etc. Among them, WHALE, a community token issued by digital art collector WhaleShark, placed a sell order for 217,000 tokens on Uniswap, with a price drop of more than 80%. Twitter user barthazian.eth analyzed that hackers somehow forged or sent various community tokens before launching the attack.
