During the week from October 25th to October 31st, the events worthy of attention in the progress of star projects include: NEAR launched an 800 million US dollar ecological fund, focusing on the DeFi field; privacy blockchain project Findora launched a 100 million US dollar ecosystem fund; DOT holders are voting on Polkadot's new logo and brand; SushiSwap NFT platform Shoyu will be launched next week; Moonbeam releases crowd lending details, and crowd lending participants will receive 100 million GLMR token rewards; Cream Finance is attacked again The loss of more than 130 million US dollars is the third largest DeFi hacking incident.
public chain
public chain
NEAR launched an 800 million US dollar ecological fund, focusing on the DeFi field
The public chain NEAR announced the launch of an 800 million US dollar ecological fund, of which 250 million US dollars of ecological grants will be allocated within 4 years; 100 million US dollars will be used for regional funds; 100 million US dollars will be dedicated to startups. Additionally, the fund will focus on DeFi, with Proximity Labs providing $350 million in dedicated funding. A newly formed "DeFi DAO" will manage these funds, and the protocol will be able to apply for liquidity mining project funds through the DeFi DAO. Proximity was a group of early NEAR contributors who spun out of the parent company as an independent entity and received funding from the NEAR Foundation. NEAR co-founder Illia Polosukhin said the program, which has allocated $45 million in funding this year, focuses on early-stage ecosystem building blocks. (CoinDesk)
Privacy Blockchain Project Findora Launches $100M Ecosystem Fund
Privacy blockchain project Findora has announced that it is launching a $100 million ecosystem fund to "accelerate the growth and development of its community." Findora describes the fund as “part of a broader community-led commitment to support research, development, and infrastructure projects in the Findora ecosystem based on Findora’s privacy-preserving technology.” Developers will be able to apply for grants through the program. Findora also announced that after more than three months of testing, the Findora mainnet Beta is now available for staking and delegation. In December last year, Findora completed a round of 8-figure financing, with participation from Allchaineed, Krypital Group, Axia8 Ventures, CAB VC, Powerscale Capital, and Polychain. (CoinDesk)
DOT holders are voting on Polkadot's new logo and branding
After months of iterations, Parity Technologies, one of the developers of interoperability protocol Polkadot, launched a portal on Wednesday for DOT token holders to vote on the future of the blockchain’s logo and brand assets. The brand overhaul was first launched in January with the hiring of design agency Koto. According to the voting website, which launched today, the vote is the result of months of "quality feedback" from users and developers. DOT token holders can choose between two design formats for web and social layouts and two new logotypes. Voting is now open and will close on November 5th. (CoinDesk)
Kusama has opened its twelfth round of slot auctions
The twelfth round of slot auction on Kusama started at around 17:33 on October 25, 2021. Currently, the highest bidder is the cross-chain virtual machine Composable’s Kusama pioneer network Picasso, with about 57,000 KSM. Other participants include Bit.CountryPioneer of the Polkadot ecological Metaverse Bit.Country, IntegriteeNetwork of the privacy computing project, CrustShadow of the distributed storage protocol Crust, and Robonomics of the Internet of Things platform.
Moonbeam released details of crowdlending. After the Moonbeam parallel chain is successfully deployed on Polkadot, 100 million GLMR tokens (10% of the total supply) will be rewarded to crowdlending participants, and 30% of the token rewards can be claimed immediately ( After the EVM and transfers are enabled), the remaining 70% of the tokens will be released linearly block by block during the slot lease period (96 weeks). The Moonbeam team plans to bid for all 8 lease periods of 12 weeks each, which will cover lease periods 6 to 13 (96 weeks in total). Users can participate in crowd lending through Moonbeam crowd lending DApp, exchanges, and wallets supported by Moonbeam.
Harry Yeh, general manager of hedge fund Quantum Fintech Group, said at the Fantom Developer Conference that a centralized exchange will be established for Fantom based on Binance Cloud, which will support limit orders and have better trading depth And supports high-frequency trading and robot trading. According to the PPT presented by Harry Yeh at the meeting, the exchange is mainly for Fantom ecological projects, including Abracadabra (SPELL), Magic Internet Money (MIM) and so on.
Recently, the EOS crowdfunding platform Pomelo announced the development plan for the fourth quarter of 2021, of which: November 7-28: Open the application channel, any infrastructure project party can apply for support funds through Pomelo, and the Pomelo team will apply for the project at the same time November 11-December 1: Anyone can donate EOS to the fund matching pool through Pomelo to contribute to the projects they support; after December 1: The Pomelo team will analyze the results and send Funds in the matching pool are allocated to eligible projects that pass KYC.
secondary title
DeFi and related infrastructure
Data: The total trading volume of Uniswap exceeded 500 billion US dollars
Uniswap officially tweeted that since the Uniswap protocol was launched in November 2018 until last weekend, its total transaction volume has exceeded 500 billion US dollars. Among them, the transaction volume of US$2 billion comes from the Uniswap protocol deployed on Ethereum Layer 2.
SushiSwap announced that Sushi has been deployed on the Kusama parachain Moonriver
According to official news, SushiSwap announced that Sushi has been deployed on the Kusama parachain Moonriver, and SUSHI and MOVR will be used to motivate Kusama's liquidity in the upcoming liquidity mining plan. Sushi has received 25,000 MOVR tokens and 2.5 million future GLMR tokens for the initial launch. These tokens will be used for liquidity mining and ecosystem grants for Moonriver and Moonbeam. The following are the trading pairs that will initially be incentivized on Moonriver: WETH/WBTC, WETH/BNB, WETH/USDT, USDC/USDT, WETH/MOVR, USDC/FRAX, MOVR/MIM.
Synthetix will upgrade the Avior version on Optimism to support Wrapper contract deployment
Synthetix, the synthetic asset project, will be rolling out an Avior update on Optimism later today. This upgrade is a version upgrade on Optimism. The L2 version of Synthetix on Optimism will be shut down for 3 hours. During this period, the recharge will be suspended; the L1 version will not be affected. The new version adds a new WrapperFactory contract, which can deploy a new Wrapper contract to support any ERC20 token, initially supporting Ethereum, and will add more packaged assets in the future.
TrueUSD Launches $1 Billion Fountain Incentive Plan to Support DeFi Ecological Development
The stablecoin project TrueUSD (TUSD) announced the launch of a $1 billion Fountain incentive plan, which will serve as an incubator for emerging projects and further promote ecological growth by introducing $1 billion worth of TrueUSD and other digital assets to the DeFi ecosystem. TrueUSD said that it will fully support DeFi projects of different public chains and their ecology, and promote the growth of high-quality projects through in-depth strategic cooperation.
Solana's decentralized trading platform Serum launches a $100 million liquidity mining program
Serum, the Solana ecological decentralized trading platform, announced on Thursday the launch of a $100 million liquidity mining plan to encourage more users to participate in liquidity mining. At present, the plan has been approved by DAO, and will be rewarded to users who participate in liquidity mining in the form of equivalent SRM tokens. (Cointelegraph)
The margin trading lending platform bZx announced that the platform will be renamed Ooki, the native token BZRX will be changed to OOKI, and the contract address will also be migrated accordingly. The original token BZRX will be exchanged for the new token OOKI at a ratio of 1:10. The total supply of OOKI is 10.3 billion. The contract address migration will start on October 28.
A developer of the algorithmic stablecoin OlympusDAO has launched a new protocol that seeks to facilitate stablecoin swaps without price curves. On October 26, OlympusDAO developer "Ohmzeus" announced that they have launched an experimental project called Range, which includes a decentralized stablecoin pool that does not use price curves. Ohmzeus described Range as an “optimistic stablecoin swap protocol” designed to “forgo the pricing curve entirely.”
The protocol uses "Range Pools", which assume that the two tokens in the pool are of equal value. At present, 6 pools of DAI, LUSD, FRAX, USDC, USDT and MIM have been launched. The developers stress that these pools are not audited and advise users not to deposit more than they can afford. On Discord, users noticed that deposits to the USDC/USDT pool were suspended due to a decimal point error. (Cointelegraph)
MetaMask has added a token detection function, which can automatically detect tokens in two or more token lists. The feature, designed to prevent new types of fraudulent token airdrop scams, is off by default and is currently experimental and only available on the Ethereum mainnet. Users can enable this feature through the "Settings" option.
Blockchain data index protocol The Graph integrates the first non-EVM compatible chain NEAR
secondary title
Layer2
The Ethereum expansion program Optimism issued a document, saying that it believes that EVM Equivalence fully complies with the Ethereum Virtual Machine Specification and will become the next general standard in the L2 field. EVM Equivalence is not to implement EVM in Solidity, but to implement a VM (Virtual Machine, virtual machine) with a smaller and simpler instruction set, and run the EVM in this VM during the fraud proof period. For this reason, it is necessary to simply compile a Existing EVM interpreters, such as the Geth interpreter, to run in simpler VMs. At the same time this allows Geth itself to run in a dispute-friendly environment, and since Geth is EVM-equivalent, so is the environment, which enables it to bypass reimplementing the EVM on-chain and enables the system to adapt to A future upgrade to the EVM, currently the Optimism team is working with compilation expert George Hotz to make this happen.
StarkNet Releases Alpha 3 on Testnet, Improves Testing Framework and Compilation Time
StarkNet, the Ethereum Rollup expansion solution launched by StarkWare, released a new version Alpha 3 on the test network. This version has improved the test framework, improved the compilation time, and added short string syntax.
Boba Network, the second-tier expansion network of Ethereum, announced that version 2.0 of OVM (Optimism Virtual Machine) will be launched on the Boba Network mainnet on October 28.
NFT
NFT collector Farokh.eth bought CryptoPunk #9998 for $532 million, questioned about hype
NFT collector and Twitter user Farokh.eth tweeted that he bought the CryptoPunk #9998 NFT work at a price of 124,457 ETH (approximately $532 million). The price is the highest dollar-denominated on-chain NFT sale ever.
Flashbots product manager Robert Miller analyzed that the transaction was not a real transaction, and there were no contract loopholes in the transaction. No one made money from it, and it was more like an act to create marketing effects on Twitter. Larva Labs data shows that CryptoPunk #9998 has been transferred from the address where it was purchased back to the original sale address, which originally purchased CryptoPunk #9998 for 110 ETH on August 11.
It is reported that according to data from Larva Labs, the total sales volume of CryptoPunks exceeded 2 billion US dollars, setting a record high. The current CryptoPunks floor price is 93 ETH.
SushiSwap NFT platform Shoyu will be launched this week
News On October 26, SushiSwap NFT platform Shoyu officially tweeted: "Shoyu will be launched next week (note: this week)."
NFT marketplace Rarible partners with software giant Adobe to ensure NFT authenticity
News software giant Adobe is trying to make it easier for NFT creators to prove they are the artist behind their work by linking social media profiles and encrypted wallet addresses to their creations.
The NFT marketplace Rarible announced that it will cooperate with Adobe to allow NFT creators to display their Photoshop content credentials (Content Credentials) to verify the authenticity of digital content. According to Adobe, the feature, which adds the NFT creator's wallet address and social media information to the metadata of token content credentials live on Rarible, helps "combat content with attribution and verifiable authenticity." false news". Rarible joins the Content Authenticity Initiative. Rarible still appears to be giving NFT creators the option to remain pseudonymous, giving them the option to reveal a crypto address associated with their online identity or a full real social media profile. (Cointelegraph)
Parallel, a sci-fi NFT card game based on Ethereum, announced the integration of Chainlink VRF. Chainlink VRF will ensure that all eligible participants have equal opportunities to obtain new cards of different rarities when receiving card airdrops. Parallel stated that this will improve the transparency and fairness of its card distribution, and Parallel is also actively exploring the possibility of other applications of Chainlink VRF to in-game mechanisms that require guaranteed randomness.
Tencent’s digital collection platform Magic Core issued a response to the change of its NFT wording, saying that Tencent Magic Core has been committed to implementing digital collection business under the compliance framework. Full link review, and the transfer of digital products between users is not open, and resolutely resist illegal activities related to virtual currency.
AntChain responds to the change of NFT words: resolutely opposes the hype of NFT products
security incident
security incident
The DeFi lending agreement Cream Finance was attacked again and lost more than 130 million US dollars. The stolen funds were mainly Cream LP tokens and other ERC-20 tokens. PeckShield discovered a large flash loan used to carry out this attack. According to blockchain records, $92 million was stolen to one address, $23 million was stolen to another address, and other funds were stolen. These funds are now transferred to different wallets. According to Rekt’s leaderboard, this was the third-largest DeFi hack of all time (although two other, larger hacks both saw their funds returned).
It is reported that Cream Finance has been attacked by flash loans many times before, losing 37.5 million US dollars in February and another 18.8 million US dollars in August. (The Block)
Decentralized trading protocol BXH was hacked on BSC, suspending deposit and withdrawal services
The decentralized trading protocol BXH tweeted that the assets of the protocol on the Binance Smart Chain (BSC) chain have been hacked, and it is cooperating with the BSC official and PeckShield to track it. The team stated that BXH's assets on Heco, OEC, and Ethereum are in a safe state, but for security reasons, the official suspension of deposit and withdrawal services.
PeckShield said on Twitter that AutoShark Finance, the DeFi protocol on the BSC chain, was hacked again. The attacker made a profit of 2 million US dollars, and the loss of the AutoShark protocol may be more than 2 million US dollars. According to its analysis, hackers may have exploited the profit inflation loophole, which is to mint a large amount of JAWS tokens as rewards by donating a large amount of NOVA.
