During the week of June 21st to June 27th, the events worthy of attention in the progress of star projects include: Karura has successfully obtained Kusama’s first parachain auction slot, and the number of supports exceeds 500,000 KSM; the co-founder of NEAR Protocol proposed to use the most 200 million NEARs set up an ecological fund DAO; Uniswap hired its first chief operating officer; the synthetic asset protocol Mirror Protocol V2 mainnet was launched, including functions such as Pre-IPO assets; SushiSwap announced integration with Harmony Protocol to provide $2 million in liquidity mining award.
public chain
public chain
OKLink data shows that at about 16:34 on June 22, the first round of Kusama parachain slot auction ended with a block of 8,023,237. Acala Pioneer Network Karura locked 500,934 KSM, becoming the first Kusama parachain auction For slot items, the rental period is from June 11, 2021 to May 13, 2022. In Kusama’s first round of parachain slot auctions, the top three pledged KSM were Karura with 500,900 KSM, Moonriver with 114,000 KSM, and Shiden with 84,500 KSM. The second round of bidding is expected to start at 11:00 GMT (7:00 p.m. Beijing time) on June 22.
The Acala team said that bidding for the slot marks the start of the Karura network, and a series of network function start-up processes will be carried out in the future, which will open many rich DeFi functions. In the first year, 6% of KAR will be used as a liquidity incentive.
Illia Polosukhin, the co-founder of NEAR Protocol, put forward the proposal of "Building Ecosystem Treasury DAO (Ecosystem Treasury DAO)" at the NEAR Governance Forum, including the selection of DAO members, the NEAR Foundation will provide up to 200 million NEAR, and the potential direction of fund distribution . The proposal is in the process of soliciting opinions from the community. If there are no obvious problems before June 30, NEAR will open the call for voting for the initial members of the ecological fund DAO.
Over 10,000 smart contracts have been deployed on the Fantom blockchain network
10,576 smart contracts have been deployed on the Fantom blockchain network.
Cardano to transition from Alonzo Blue to Alonzo White next week
IOHK technical manager Kevin Hammond said that Cardano will transition from Alonzo blue to Alonzo White next week. The transition will be done in steps that will incorporate the release of a new version of node and an enhanced CLI. According to the roadmap, Alonzo Purple, Alonzo Red and Alonzo Black will follow Blue and White before the HFC event in the last month of the third quarter of 2021. (Ambcrypto)
BEAM Updates BeamX DeFi Ecosystem Roadmap
Privacy-focused blockchain project Beam (BEAM) has shared details of Ferocious Fermion 6.0, 6.1 and 6.2, the new era of its roadmap. It focuses on a new DeFi ecosystem called BeamX, an enhanced user experience, and a private cross-chain bridge. (U. Today)
DeFi and related infrastructure
DeFi and related infrastructure
Decentralized exchange Uniswap has hired Mary-Catherine Lader as its first chief operating officer. Mary-Catherine Lader previously worked for asset management company BlackRock, building sustainable investment tools for Aladdin, BlackRock's flagship portfolio management tool. As COO, Lader will focus on the growth of DeFi projects. Lader stated that he will develop Uniswap in terms of products, engineering, growth, and community, establish more partnerships, enable the agreement to serve as a neutral source of liquidity, and explore bringing DeFi to new communities and users. (The Block)
Aave has created a Snapshot that allows users to participate in governance
News Aave already has Snapshot space, allowing users to access it. Snapshot is a gas-free off-chain voting mechanism. Token holders can vote only by signing information in the wallet, thereby participating in governance without paying transaction fees. For example, the Aave Grants DAO can use Snapshots to allow the community to purchase larger grants, and then pay grantees directly from the grants multisig.
The decentralized exchange SushiSwap announced that it will integrate its full set of products on Harmony Protocol's blockchain. The partnership will introduce yield farming, Sushi’s liquidity mining rewards, Kashi lending rewards, and rewards for Sushiswap-specific hackathon challenges, among others. Among them, the liquidity mining activity deployed by Sushi on Harmony will distribute a total of 2 million US dollars in rewards. The activity supports two tokens, Onsen (ONE) and SushiSwap (SUSHI), and each token will be distributed during the 12-month period of the activity. Distribute $1 million.
Official news, SushiSwap released a weekly report stating that some existing bugs on the MISO platform have affected the user experience, and decided to suspend MISO IDO for a week, that is, there will be no new IDO releases next week (June 28-July 5). After that, the IDO frequency will be reduced to 1-2 times a week. After MISO is basically stable, it will gradually move towards complete decentralization, where everyone can conduct IDO.
Compound Proposal to Improve Oracle System Approved
According to official news, Compound Proposal 047 was passed, which includes: 1. Change the oracle system from the current Coinbase Pro to Chainlink price feed; 2. Reduce the anchor point from 20% to 15%. 3. Given a fail-safe community multi-signature.
DeFi Mortgage Lending Platform Cream Finance Launches Listing Committee
According to official news, Cream Finance, a DeFi mortgage lending platform, has launched a listing committee. The committee will vote on the following parameters: types of lending assets, pledge rate, reserve factor (Reserve Factor), and collateral caps (Collateral Caps). At the same time, the committee votes on the assets of the following mainnets: Ethereum, Binance Smart Chain, Arbitrum, Fantom.
According to official news, the Synthetic Asset Protocol Mirror Protocol V2 mainnet is online, and the functional changes include:
1. Pre-IPO Assets: Mirror unlocks the means to mint, trade and LP'ing mAssets before they are officially listed on exchanges.
2. Governance Participation Rewards: To reward governance participation, 50% of MIR rewards will be distributed to actively voting voters, while the rest will be distributed to all stakers.
3. Governance voting quorum: To alleviate the problem that the proposal unexpectedly failed after reaching the quorum (10% → 9.99%) due to additional MIR being pledged to governance, the total amount of pledged MIR will be reviewed within the voting time frame snapshot.
4. New collateral: MIR, LUNA, ANC, bLUNA (to be added soon), and aUST can be collateralized to mint new mAssets.
5. "Short minting/short" LP tokens: In order to make up for the mAsset premium, Mirror V2 introduces "short minting" to reduce the premium.
According to official news, UMA, a decentralized synthetic asset protocol, announced the launch of a new LSP (Long Short Pair) contract, which supports the creation of arbitrarily complex derivatives with interchangeable short and long positions, and does not require active position management. Users can mint new long and short tokenized risk pairs through LSP contracts and redeem them before contract settlement in exchange for an amount of collateral determined by the contract settlement price, or settle long or short token positions after contract settlement .
DeFi Options Protocol Opyn to Launch Partial Mortgage Options Products
DeFi options protocol Opyn announced on Twitter that it will launch its first fractional mortgage options product on June 29, with a greater focus on capital efficiency.
Injective announced that the Equinox test network has opened spot and perpetual contract trading
According to official news, Injective officially opened a fully upgraded trading platform. Users can test spot and perpetual contracts in various markets on Injective DEX and prepare for the upcoming mainnet launch. Since then, trading on Injective has officially become Equinox's epic task (Epic Task).
Ethereum Push Service (EPNS) Community Incentives Has Distributed Over 600,000 PUSH Tokens
According to official news, the Ethereum Push Service (EPNS) stated that the total value locked (TVL) exceeded 4 million US dollars, and more than 600,000 PUSH token rewards have been issued.
Circle to Launch DeFi API Service for Enterprises
secondary title
Layer2
Blockchain Developer Platform Alchemy Announces Support for Optimism
Developer platform Alchemy has announced support for Optimism, an Ethereum scaling solution. Alchemy currently supports Arbitrum. Alchemy completed a $80 million Series B round of financing at a valuation of $505 million at the end of April this year.
Ethereum-based layer 2 decentralized exchange ZKSwap has announced the launch of its V2 testnet, which will offer rewards for testers. ZKSwap introduced the "Unlimited Token Listing" tool in the V2 testnet, users can now list their assets on ZKSwap with zero listing fees. However, users need to pay some transaction fees (gas) to miners on the Ethereum Ropsten testnet. In addition to this, the V2 testnet also aims to solve some problems of L1 and L2 interaction, slow withdrawals and poor scalability of existing layer 2 Ethereum-based systems. If the operation is stable, ZKSwap will be launched on the main network after this stage of testing.
NFT
Alipay issued another 16,000 NFT skins of "Wu Liu Qi"
Following the Dunhuang Fine Arts Research Institute Alipay co-branded NFT skin, Alipay once again launched the animation work "Wu Liuqi" Alipay payment code skin. At present, there are two types of skins, 16,000 copies, and the sales time is June 24 at 0 o'clock and 14 o'clock. Alipay users can find the corresponding product entrance by searching for NFT or fan grains in the APP.
Netease Wenchuang Sansan Studio will jointly release the first NFT work with Nervina Labs
According to official news, Sansan Studio, a subsidiary of NetEase Wenchuang, will release its first IP-to-NFT work at 13:33 on June 26. The NFT is limited to 333 pieces worldwide, priced at 133 yuan, and will be sold at Taobao's "Wang Sansan Peripheral Brand Store". Users only need to use mibao.net to register an encrypted account to receive NFT by using their email address, without recording mnemonic phrases, public and private keys, etc. Netease Wenchuang Sansan Studio has successively incubated IPs such as "Netease Wang Sansan", "Xi Jing Dormitory" comics, "Little Alpaca Sansan Family", etc., with over 26 million fans on all platforms. "Little Alpaca Sansan Family" has officially entered the Nervos NFT platform Golden Legend, and more NFT works will be launched in the future.
Reddit Announces CryptoSnoo NFT, Auction on OpenSea
On June 24, Reddit announced the launch of a CryptoSnoo NFT built on the Ethereum blockchain and auctioned on OpenSea. It is reported that when a user purchases a CryptoSnoo NFT and links it to a Reddit account, the CryptoSnoo image will become the Reddit avatar, and a collectible NFT card will appear in the profile. In addition, there will be animation effects when commenting. All files related to CryptoSnoos NFTs are hosted using the Interplanetary File System (IPFS). CryptoSnoo NFT can be divided into three levels, namely Legendary, Epic and Rare. At present, 3 NFTs have been officially launched, and in the next few weeks, more CryptoSnoo collectibles will be announced and auctioned.
Binance NFT Platform Officially Launched
"Genesis" will also be opened accordingly.""Genesis" will also be opened accordingly.
Including Andy Warhol's "Three Self-Portraits" and Dali's "Divine Comedy" related works, the elements contained in them are ingenious: hidden bitcoins, Binance elements and CZ signatures, etc. Owning BNB and BUSD can participate in the auction and can be resold immediately.
NEAR launched a new NFT market, focusing on the theme of Hip Hop talents
According to news from the NEAR Chinese community, the public chain NEAR has launched a new NFT market NFT pop-up store, launching Hip Hop expert-themed NFTs to consumers, and launching Hip Hop idol collections. The first edition of the collection pays homage to the history and culture of Hip Hop 47 years after it originated in the Bronx, New York, and contains a total of 103 comic portraits of famous icons in the Hip Hop circle. The market auction function has been officially launched. As of July 25, a new version of the collection will be launched every day.
WENEW, the NFT platform co-founded by Beeple, will launch on Polygon
WENEW, a digital collectibles marketplace designed by Beeple (Mike Winkelmann), will start operating on the Polygon (MATIC) blockchain. It was reported yesterday that digital artist Beeple co-founded the NFT project WENEW. (U. Today)
Gannett, the largest newspaper group in the United States, will launch the first NFT
Gannett, the largest newspaper group in the United States, announced that it will cooperate with Origin, an NFT distribution platform, to auction its first NFT. This NFT was inspired by the first newspaper launched into space in 1971. This NFT will include a mosaic video that integrates more than 300 space photos from more than 50 years, interactive mosaic pictures, and a lifetime subscription to the USA TODAY digital edition. All proceeds from the auction will go to the U.S. Air Force Space and Missile Museum Foundation and the Gannett Foundation. (Businesswire)
German Football Association and Sorare launch NFT player cards
security incident
security incident
PeckShield: StableMagnet walks away, loses $22 million
On June 24, Beijing time, PeckShield sent a shield warning that StableMagnet Finance, an automatic market maker for stable currency exchange on Binance Smart Chain (BSC), took away $22 million from users and ran away. Users are advised to cancel the authorization of the agreement as soon as possible. PeckShield stated that StableMagnet Finance's SwapUtils code was not verified and inconsistent with the main Swap contract.
On June 21, Beijing time, PeckShield's "Paid Shield" warning showed that the DeFi protocol Impossible Finance on the BSC chain was attacked by a flash loan, and the attacker made a profit of 1,510.75 WBNB (a total of 497,000 US dollars).
PeckShield: ElevenFinance Attacked by Flash Loans, Hackers Are Impossible Finance Attackers
On June 23rd, Beijing time, the PeckShield PeckShield warning showed that the DeFi protocol ElevenFinance was attacked by flash loans. Users are advised to avoid risks. PeckShield then stated again that the Impossible Finance attackers used the logic loopholes of ElevenFinance to carry out lightning loan attacks on the DeFi protocol ElevenFinance again, and users are reminded to avoid risks.
Two days after the attack, the Impossible Finance attacker returned $357,000 in BNB to Impossible Finance, and kept $140,000 as a bug reward. At the same time, return the $259,000 that attacked Eleven Finance to Eleven Finance, and keep $251,000 for yourself as a bug reward.
PeckShield: xWin hit by flash loan attack
On June 25th, Beijing time, the PeckShield Paidun warning showed that the DeFi protocol xWin on the BSC chain was attacked by flash loans.
The BSC ecological project Alpaca Finance platform currency ALPACA suffered a flash crash, with a drop of 44% in 24 hours. The main business of Alpaca Finance is leveraged mining. According to some participants, the token flash crash was due to the fact that some large investors opened more ALPACA in the Alpaca-USDT pool when the price of ALPACA was around $1. As the overall market weakened, ALPACA The price drop led to the liquidation of large players, which then led to further serial liquidations.
According to official news, on June 22, the DeFi asset management platform Zapper released an analysis report on the "Polygon Bridge" vulnerability. The report pointed out that there are risks in the old version of the contract, and the assets involved in the risk have been transferred to the multi-signature security account. The users involved in the risk need to visit Zapper and withdraw the funds in the old version of the contract, and the funds will be returned directly to the original account. Part of the risky assets are protected by the white hat operation and have been transferred to the distribution contract. After accessing Zapper, users will receive a special reminder of "Your balance is safe". The specific fund withdrawal process is the same as that of ordinary risky users.
Polywhale Finance, the first income farm on Polygon, officially announced that it has stopped project development, saying that it was due to the poor performance of the token economy and market conditions, and the official Twitter account is currently unavailable. Community members believe that the project team abandoned the project after exchanging the protocol tokens in their hands for stable coins. Deposit it into your own wallet. Currently, there are only 223,400 protocol tokens KRILL left in the vault, worth about $29,800. (Crypto Briefing)
