During the week of August 16th to August 22nd, the events worthy of attention in the progress of star projects include: Avalanche Protocol launched the Avalanche Rush reward plan, with a total prize pool of up to 180 million US dollars; Polkadot’s leading network Kusama will start the second round five times Parachain slot auction; Uniswap community’s vote on funding Flipside proposal was cancelled; Ethereum expansion plan Optimism plans to open whitelist qualifications to more projects; encrypted art platform SuperRare announced the issuance of the platform currency RARE and opened 150 million RARE airdrops; Team Larva Labs announced that Cryptopunk is fully on-chain.
public chain
public chain
The Avalanche Foundation announced that it will launch Avalanche Rush, a $180 million liquidity mining reward program, to encourage more applications and assets to join the thriving Avalanche DeFi ecosystem. According to the Avalanche Rush plan, Avalanche will integrate Aave and Curve, two DeFi protocols with the highest total locked value. The first phase of Avalanche Rush will be launched in the near future, providing users of Aave and Curve with AVAX (Avalanche native token) liquidity mining rewards for up to 3 months. The Avalanche Foundation has prepared AVAX incentives equivalent to $20 million for Aave users and $7 million for Curve users. With the launch of the second phase of the project in the next few months, the foundation will allocate more AVAX rewards.
Polkadot's leading network Kusama will launch the second round of five parachain slot auctions
The Kusama Committee of Polkadot Networks will conduct another five parachain slot auctions in the next few weeks, scheduled on September 1st, 8th, 15th, 22nd and 29th at 12:00 GMT (Beijing time 20:00). (Cointelegraph)
In the Kusama and Parachain Stability Report released by Polkadot, it concluded that the current The network is running smoothly, the only major issue is the occasional finality stalls that the network encounters, but since these stalls are caught by failsafes, they haven't caused much damage, the root cause is currently being investigated and will be updated on the parachain Give a solution before starting on Polkadot.
The DFINITY Foundation announced that the Internet Computer (IC) is officially launched on the Roadmap page, where community discussions or voting governance can be held. At different stages in the roadmap, such as the integration with Ethereum and Bitcoin or increasing the capacity of Canister, it is necessary to vote through NNS proposals, and the entire community needs to decide which technologies the DFINITY Foundation will focus on or which codes to deploy.
The beta version of Emeris, the encrypted cross-chain portal launched by Cosmos development company Tendermint, is live. Emeris currently provides functions such as cross-chain transfers, transactions, and liquidity pools. The supported tokens include ATOM, IRIS, REGEN, XPRT, AKT, CRO, ION, OSMO, and DVPN. The beta version only supports Keplr wallets, and more tokens will be added in the future wallet support. In addition to asset management functions, Emeris also supports Gravity DEX, an inter-chain decentralized exchange based on Cosmos Hub.
Smart contract platform Fantom releases CBDC solution Fantom CBDC
The smart contract platform Fantom released the CBDC solution Fantom CBDC, which adopts the Hybrid technology that has been verified by the Bank of England, and combines retail and wholesale hybrid issuance models. At the wholesale level, Fantom CBDC cooperates with the national central bank to establish direct accounts; at the retail level, Fantom CBDC communicates with users and conveys information to other commercial banks and the central bank through commercial banks as the middle layer.
Harmony test network has integrated Chainlink price feed
The Harmony testnet has integrated a Chainlink price feed, giving developers access to Chainlink's decentralized oracle solution. Harmony developers can now build and test a variety of data-driven DeFi applications by referencing Chainlink oracles for high-quality, low-latency, tamper-resistant price feeds. Initial integration includes ONE/USD, WBTC/USD, ETH/USD, USDC/USD, USDT/USD, BUSD/USD, SUSHI/USD, DAI/USD, DSLA/USD, LINK/USD trading pairs.
OKEx BlockDream Ventures Establishes $10 Million OEC GameFi Special Investment Fund
OKEx announced that its investment institution OKEx BlockDream Ventures has established a special investment fund for OEC GameFi, with an initial scale of US$10 million, which will focus on investing in various OEC GameFi and Metaverse infrastructure. In addition, OKEx also stated that it will provide a fast listing channel for outstanding OEC GameFi projects.
DeFi and related infrastructure
DeFi and related infrastructure
Uniswap Community Vote on Funding Flipside Proposal Has Been Canceled
A previous proposal by the Uniswap community to raise $15 million and distribute the proceeds to community members and cryptoasset research and ratings firm Flipside has been cancelled.
On August 19, the Uniswap community launched a proposal, planning to raise UNI worth 25 million US dollars, obtain income through automated investment strategies, and distribute 50% of the income to community members or industry organizations such as Dune Analytics to promote the common prosperity of the Uniswap community . Another 50% of the proceeds will be allocated to Flipside, an encryption industry organization, to provide infrastructure development services for Uniswap. However, this proposal was strongly opposed by Dune Analytics, who pointed out that this proposal would allow up to US$25 million of UNI to be manipulated by Flipside, which would have a major impact on software developers in the entire Uniswap ecosystem.
In 2001, the DeFi team initiated a funding application proposal of US$98,000 in Aave Grant DAO, planning to develop a mobile application based on React Native technology for the Aave protocol, supporting iOS and Android systems. The team hopes to introduce more new users of the Aave protocol by developing a mobile app, and make it easier to access the Aave protocol to view community proposals and voting progress. The proposal currently has 100% support, and voting ends on August 20.
The DeFi lending agreement Compound plans to launch a vote on the proposal to transfer the emergency pause protection function (Pause Guardian) to the community multi-signature address. Addresses require 4-of-6 signers to approve any transaction, current members include Compound Labs, Dharma Labs, etc. Emergency Pause Protection (Pause Guardian) is an emergency function for Compound to suspend when the market supply is tight and loans are liquidated on a large scale. It has been managed separately by the Compound Labs address before.
Sushiswap passed five new proposals, including the creation of a multi-chain expansion fund, etc.
On August 18, the Sushiswap community voted through the latest five proposals, including creating a multi-chain extension fund, creating a multilingual real-time consulting system, developing infrastructure for NFT storage services, introducing governance-controlled payment rate parameters, and creating metrics for incentive pools Standards etc. The Snapshot page shows that the above proposals are the only batch of proposals passed in the past 3 months. In this regard, Jeff Dorman, CIO of the investment agency Arca, said that the above proposal is very valuable for Sushi's user growth and the entire Defi field, and will help the development of token economics and Sushi-related funds.
1inch has been deployed to Optimistic Ethereum, the Layer 2 expansion solution of Ethereum
The decentralized exchange aggregator 1inch announced that it has been deployed on Optimistic Ethereum, the Layer 2 expansion solution of Ethereum. 1inch said that this will greatly increase transaction speed and help reduce Gas costs. Previously, 1inch has been deployed on Ethereum, Binance Smart Chain and Polygon.
According to official news, Balancer announced the launch of the MetaStable pool and cooperated with Lido to launch a joint MetaStable pool incentive plan. 2,500 BAL is allocated to the pool every week, and an additional 25,000 LIDO is allocated every week for the first month. The first distribution will take place through Balancer's claim portal on August 24th.
QuickSwap, a decentralized exchange on the Polygon network, has reached a partnership with Gelato Network, an automatic execution tool for Ethereum smart contracts, to provide users with limit order services.
According to official news, the KyberDAO community initiated a proposal, and the Avalanche Foundation proposed to deploy the KyberDMM (Dynamic Market Maker) protocol on Avalanche and jointly carry out liquidity mining activities. $3 million worth of KNC from the Kyber Ecosystem Fund will be used as an incentive to bootstrap liquidity and adopt KyberDMM on Avalanche. The Avalanche Foundation will donate $2 million worth of AVAX tokens as a reward.
According to official news, in order to promote the transition of the Perpetual Protocol to the DAO structure while developing, the Perpetual Protocol announced the establishment of a funding committee to manage the funding fund of the Perpetual Protocol. The Donation Committee consists of eight members: core team members - Perpetual Protocol founder Yenwen Feng and Perpetual Protocol partner Nick Tong; early investors - Fiskantes from Zee Prime Capital and Vishal from Multicoin Capital; quantitative traders - from CMS Holdings Brian; active community members - Lanre, Snowledge and Almccan.
Acala launches Acala EVM+, which is fully compatible with Ethereum EVM
According to official news, Acala, the Polkadot ecological multi-chain DeFi center, announced the launch of Acala EVM+ to help developers deploy Ethereum DeFi projects to the Polkadot ecosystem. It is reported that Acala EVM+ provides users with a development environment similar to Ethereum, but at the same time ensures that users can still use all the functions of Polkadot's development framework Substrate.
According to Acala officials, the upgraded version of Acala EVM+ will be launched in the next few days. When Acala EVM+ is launched in the Polkadot ecosystem, any DApp team can deploy EVM-based smart contracts to Acala EVM+ with only minor code changes, and can Also use similar tools that they use in other Ethereum development environments (MetaMask, Truffle, Waffle, etc.).
Notional, a fixed-rate lending agreement, announced that it has open sourced the Notional V2 smart contract under the GPL-v3 open source license, and will also open source a smart contract developer SDK. The main upgrades of the V2 version include a completely passive liquidity provision experience, liquidity providers can earn risk-free market interest rates, fCash positions are priced at market interest rates, settlement no longer causes borrowers to lose collateral, and lenders and borrowers People offer longer fixed-rate terms, etc. Separately, Notional is being audited by ABDK Consulting and will also undergo a Code Arena public audit in the coming weeks.
According to official news, the Kava governance proposal No. 59 has passed the community vote. The Kava 8 main network will be upgraded from 9:00 p.m. to 11:00 p.m. 1 million SWP airdrops will be launched, and free airdrops will be carried out to all users who supply USDX in HARD at 10:00 p.m. on August 4th, Beijing time. Kava announced that it will release snapshot records in the near future and announce all addresses that have received airdrops.
The founder of YFI, Andre Cronje (AC), shared the Keep3r V3 draft of the decentralized collaboration network, which optimized the gas, but it has not yet been completed. In addition, keep3r v2 will be upgraded soon, including MEV protection, private transactions, priority block inclusion, improved liquidity credit system, and integration of Gelato.
MetaMask: Not acquired by financial institutions, will continue to focus on Web3 business
The decentralized wallet MetaMask tweeted to clarify the rumors, saying that no financial institution has acquired MetaMask, currently 17 investors hold a small non-controlling stake in ConsenSys, and the MetaMask team has never had direct communication with JPMorgan Chase, let alone oligarchs Manipulating MetaMask. MetaMask stands for web3, permissionless innovation and decentralization with the goal of revolutionizing the Internet and the world economy.
Facebook Crypto Wallet Subsidiary Novi Seeks Third-Party Stablecoin Partnerships
secondary title
Layer2
Ethereum expansion program Optimism plans to open whitelist qualifications to more projects
Optimism, the second-tier expansion plan of Ethereum, announced that it will open whitelist qualifications to more projects. Any eligible project can submit an application and obtain whitelist qualifications within two weeks, so that they can be deployed on the Optimism network. The Optimism team stated that the conditions are not yet in place to completely remove the whitelist, and the team also plans to carry out a major upgrade within the next three months.
On August 20, Polygon, the Ethereum Layer 2 expansion solution, announced the launch of the decentralized governance DAO plan. The project aims to inject funds into the DAO to further realize its vision of DeFi services and platforms.
Polygon will use its $100 million DeFi fund, announced in April, to create and maintain the organization, and to fund projects that users feel will help move the DeFi industry forward. The project plans to airdrop new DAO governance tokens to existing Polygon users when the organization is officially formed. Polygon DeFi DAO's existing partners include Chainlink, Aave, and SushiSwap and QuickSwap. Polygon’s statement shows that DAO funds can be used to create connections between DeFi platforms, build encrypted wallets and institutional entrances, etc.
RenVM has integrated Arbitrum, the second layer expansion solution of Ethereum
Ren Protocol, an asset cross-chain protocol, announced that RenVM has integrated Arbitrum, the second-layer scaling solution of Ethereum. Arbitrum will allow users to directly bridge assets through RenBridge after the official launch of the main network beta version at the end of the month. It will support BTC, BCH, DGB, DOGE, FIL, LUNA and ZEC cross-chain to Arbitrum.
Boba Network, New Ethereum Scaling Solution Launches Mainnet Beta, Scalable Smart Contracts
According to official news, Enya, a developer of decentralized infrastructure solutions, announced the launch of the mainnet beta version of Boba Network, which is its next-generation Ethereum Layer 2 Optimistic Rollup scaling solution, which can reduce Gas fees and increase transaction throughput. And expand the capabilities of smart contracts.
News Layer 2 decentralized exchange ZKSwap shared the details of the new product L2.Cash. The product is free to use because all Layer 2 transactions on ZKSwap are 100% free, and users only pay for deposits and withdrawals to Layer 1. L2.Cash should be called the payment protocol for retail transactions, as it is the first "out-of-the-box" solution developed by L2 Labs for retail users and merchants. Since the zk-proof infrastructure allows extremely low transaction latency and full consistency of L1/L2 state, L2.Cash can achieve almost instant transactions, ensuring that all ERC-20 tokens can reach a maximum processing efficiency of 1000 Tx/s, At the same time, it claims to have an efficient airdrop function: all Ethereum-based tokens can be distributed for free through its tools, and tokens can be airdropped to 10 users per second. (U. Today)
NFT
The encrypted art platform SuperRare announced the issuance of the platform currency RARE, which is used to govern the newly launched SuperRare Spaces and SuperRare DAO. A total of 1 billion coins will be issued, of which 15% of the total supply, or 150 million coins, will be airdropped in the community, July 21, 2021 Users who have previously traded on SuperRare will have the opportunity to participate in the airdrop. The RARE contract address is 0xba5BDe662c17e2aDFF1075610382B9B691296350. Eligible participants will have an announced 90-day window to claim tokens, after which any unclaimed tokens will be returned to the community treasury.
The development team Larva Labs announces that Cryptopunk is fully on-chain
The Cryptopunk development team, Larva Labs, announced that Cryptopunk has been fully linked to the Ethereum chain. The various attributes (hairstyles, glasses, beards, hats, etc.) and images of Cryptopunk have been put on the Ethereum chain for users to query on Etherscan.
OpenSea's single-day transaction volume exceeded US$119 million on August 21, a record high
According to Dune Analytics data, Opensea yesterday (August 21) had a single-day transaction volume of over US$119 million, a record high.
Axie Infinity's August Revenue Surpasses July, Nears $200M
Packy McCormick, founder of NotBoring Club, tweeted that although August is not yet over, AxieInfinity’s monthly revenue has exceeded 200 million US dollars, surpassing the full monthly revenue of July and setting a record high in a single month.
On August 20, an NFT card game called Parallel topped the OpenSea trading rankings with a transaction volume of 1,912 ETH in the past 24 hours, beating CryptoPunks, BAYC, Pudgy Penguins and other big IPs.
Odaily's query found that the recent surge in the transaction volume of this game is largely due to the frenzied sweeping of goods by institutions.Metavestor.ETHGabby Dizon, founder of Yield Guild Games, announced that Yield Guild Games has completed $4.6 million in financing, led by a16z, followed by Kingsway Capital, Infinity Ventures Crypto, Atelier Ventures and game entrepreneur Gabriel Leydon. This investment was completed before the public sale of YGG tokens on July 27.
Yield Guild Games, a chain game association, completed a financing of US$4.6 million, led by a16z
Gabby Dizon, founder of Yield Guild Games, announced that Yield Guild Games has completed $4.6 million in financing, led by a16z, followed by Kingsway Capital, Infinity Ventures Crypto, Atelier Ventures and game entrepreneur Gabriel Leydon. This investment was completed before the public sale of YGG tokens on July 27.
The NFT game Illuvium announced on Twitter that it will extend the lock-up period of ILV tokens for team executives for two years without adjusting the lock-up agreements of the other 90 core contributors. That is to say, the tokens of the team executives will be unlocked linearly from March 31, 2022, lasting 36 months instead of the original 12 months. This part of the extended locked-up tokens accounts for less than 14% of the total tokens. %.
Boxing champion Tyson releases NFT collectibles on OpenSea and opens auction
Security incidents and related developments
Security incidents and related developments
Blockchain investment institution Paradigm research partner and white-hat hacker samczsun wrote an article disclosing that there was a security loophole in the smart contract that BitDAO conducted a Dutch auction on the SushiSwap MISO platform yesterday. About 350 million U.S. dollars). Joseph Delong, chief technology officer of SushiSwap, then released a vulnerability analysis, confirming the vulnerability reported by samczsun and the white hat rescue operation, and the $350 million worth of ETH in the ETH crowdfunding pool on the MISO platform is now safe.
Samczsun said that this may be the largest white hat rescue operation. This white hat rescue operation led to the early termination of the ETH fund pool of BitDAO’s Dutch auction on the MISO platform. Participants can receive BIT tokens in advance and trade them on SushiSwap. Members of Paradigm research team, Immunefi team members and SushiSwap development team participated in this action.
According to official news, the Pledge Vault of Pinecone Finance, a revenue aggregator on the BSC chain, was attacked and lost about 3.53 million PCT (about 200,000 U.S. dollars). It is reported that Pinecone launched the PCT pledge vault at 9:00 UTC on August 18, and was attacked at 11:41:19 UTC (BSC block height 10135652). At present, the official has identified three wallet addresses of the attacker, and contacted the Binance team to take relevant actions to locate the attacker. Further compensation plans will be announced soon.
PeckShield: XSURGE was attacked by flash loans
According to PeckShield, the DeFi protocol XSURGE has been attacked by flash loans. Users are advised to pay attention to risk control.
According to FinanceSolpad Twitter news, the Solana ecological project Luna Yield deleted its website, Twitter, and Telegram, lost contact, and withdrew more than ten million dollars in liquidity. The project once conducted IDO on SolPAD. To this, SolPAD responded, “There seems to be some issues with the latest IDOLunaYield on our Launchpad. The LunaYield team shut down their website and all other social media, and they also withdrew all liquidity. SolPAD is still unable to contact the LunaYieldTeam to find out what happened. "
According to the official news, Poly Network announced that the main network has been upgraded and launched. The team has completed the second phase of the goal and will start the third phase of "Project Launch". The cross-chain function of Poly Bridge assets has been restored. For security reasons, Poly Bridge has delisted all assets, and plans to deploy them separately after the project is tested and applied for deployment again, after which users will be able to freely trade their assets across chains. The first batch of projects that resume cross-chain channels are divided into the following two categories: newly launched projects, that is, projects that have completed testing on the Poly test network and have not been affected by this incident; unaffected projects, that is, already using Poly Network services and have not yet Items that have any impact on its assets.
Poly Network also stated that it is actively establishing a communication channel with Mr. White Hat, and sincerely hopes that Mr. White Hat can provide the private key as soon as possible, so that the control of assets can be returned to users as soon as possible.
O3 Labs: The cross-chain function of O3 Token is partially restored
O3 Labs tweeted that the cross-chain function of O3 Token has been partially restored, and users can now freely exchange assets between token protocols such as ERC20, BEP20, and HRC20 through the O3 platform. The cross-chain pool based on the Polygon chain will resume operation within a few days, and the services of other cross-chain pools will also resume soon. Previously, the cross-chain function of the O3 platform was suspended for several days due to the Poly Network hacking incident.
DAO Maker: Full compensation will be provided to users affected by the attack in two stages
According to official news, DAO Maker launched a compensation plan for users affected by the recent hack incident. All users affected by the hack will be fully compensated, and the compensation plan will be carried out in 2 stages. The first stage is August 19th before the next SHO. All affected users will receive an airdrop of $500 in their wallets. This money can be used to participate in SHO or withdraw cash.
According to official news, the DeFi insurance project Nexus Mutual community submitted a draft THORChain insurance proposal to provide protection for 30% of losses, up to 30 million US dollars, the price is to be discussed; and the proportion structure so that other insurance providers can join.
