Star Project Weekly | The first phase of the zkSync 2.0 mainnet is online; the NEAR Foundation recommends closing the stablecoin USN (10.24-10.30)
During the week from October 24th to October 30th, the events worthy of attention in the progress of star projects are as follows:Matter Labs released the first phase of zkSync 2.0 mainnet Baby Alpha；NEAR Foundation Proposes Shutdown of Stablecoin USN；Sui mainnet is expected to be launched in the first quarter of next year；Harmony Selects LayerZero as Its Partner for Restoration of Horizon Bridge；StarkWare tweets about ZK-EVM Kakarot written in Cairo；ConsenSys Announces MetaMask Grants DAO；MakerDAO has passed the community proposal to transfer 1.6 billion USDC to Coinbase Prime；Sushi DAO agrees to implement new corporate legal structure；X2Y2 has banned the access request from blur；The Beta version of the Otherside metaverse will be launched in 2023。
Bottom-Layer1
Bottom-Layer1
Odaily News Henry Duong, head of Asia-Pacific developer relations at Mysten Labs, said at the Foresight 2022: Foreword event that Sui is more optimistic about the two tracks of Game and NFT. One advantage of Sui is that the intelligent developer language is object-oriented, and the second is Sui removes the global storage operator, so transactions are fast and cheap. Regarding the airdrop, Sui should allow those who participate in this ecology to get Token. The mainnet will be launched soon, probably in the first quarter of next year. (Foresight News)
BNB Chain Launches $10 Million Gas Fee Incentive Plan to Support Web3 DApp Growth
According to official news, BNB Chain announced the launch of a $10 million Growth Incentive Program (Growth Incentive Program) to support the growth of Web3 DApp.
The plan will support selected projects on the BNB Chain in the fourth quarter, and each project can receive a gas reward of up to 800 BNB per month. BNB Chain promises to provide a total of 1 million US dollars of gas fee incentive funds to the participating teams every month to help them further acquire users and achieve growth.
Cardano's Layer 2 scalability solution Hydra has released a new version
Odaily News Cardano's Layer 2 scalability solution Hydra has received the latest update in the new pre-release version "Hydra0.8.0". According to a GitHub release shared by Hydra lead developer Sebastian Nagel, the new version makes several changes to the API, fixes bugs in Hydra nodes, and improves the Hydra user experience. It also calculates transaction costs as "minimum fees" and reports them in the tx-cost benchmark, with several improvements.
NEAR Foundation Proposes Shutdown of Stablecoin USN and Allocates $40M for USN Protection Program
Odaily News The official statement of the NEAR Foundation shows that the NEAR Foundation recommends that DAO Decentral Bank (DCB) gradually close the USN. The NEAR Foundation has allocated $40 million for the USN Protection Program Grant, which aims to redeem USN at a 1:1 ratio with USDT.e by ensuring that eligible USN holders can redeem USN.
It is reported that DCB launched the NEAR native stablecoin and recently announced that USN is in a state of undercollateralization, because the initial algorithm version of USN (v1) is no longer an algorithm version after being upgraded to v2 in June, resulting in undercollateralization prone to occur under extreme market conditions. situation, the known collateral shortfall is $40 million.
Filecoin Releases Saturn Content Delivery Network to Help Retrieve Stored Content
Odaily News The developers of the decentralized storage project Filecoin have launched a content delivery network called Saturn. The goal is to help the network meet the content bandwidth of decentralized applications and reduce the cost of running a Filecoin node. Saturn will help retrieve content for decentralized storage applications. (The Block)
Harmony Selects LayerZero as Its Partner for Restoration of Horizon Bridge
Odaily News Harmony announced that it has selected LayerZero, a full-chain interoperability protocol, as its partner for restoring the Horizon bridge. Harmony replaces the pre-existing multi-signature verification layer with LayerZero's verification layer, after which there is no need to run or maintain any backend infrastructure.
In terms of assets, Harmony will support bridging stablecoins such as USDC, USDT, DAI, BUSD, and FRAX and assets such as ETH, WBTC, AAG, FXS, (x)SUSHI, and AAVE on Ethereum. The BNB Chain will initially support bridging BNB and BUSD, and the native ONE token can also be bridged to Ethereum and BNB Chain as before.
Also, adding support for new or previously existing assets is not permission-free and will require additional deployment work by the Harmony bridge team. Harmony will gradually add support for more assets based on demand and partner requirements.
Bottom-Layer2
Bottom-Layer2
Matter Labs released the first phase of zkSync 2.0 mainnet Baby Alpha
Odaily News Matter Labs has released the first phase of the zkSync 2.0 mainnet Baby Alpha. For the first month of this phase, the network will operate without any external applications open for use, nor will it be usable by any external participants. The team explained that the initial phase will only be used for stress testing and security work.
After the first phase is complete, the next phase is Fair Onboarding Alpha, where developers are able to port to zkSync and start building on the network. Over 100 projects have expressed interest in deploying their applications on zkSync 2.0, including Uniswap. The Full Launch Alpha phase will be when the network becomes fully accessible to all and is expected to happen by the end of this year.
In addition, according to its roadmap, it is planned to improve the developer and user experience in Q1 and beyond in 2023; the zkSync 2.0 protocol will be decentralized in 2023. (The Block)
StarkWare tweets about ZK-EVM Kakarot written in Cairo
Odaily News Zero-knowledge proof technology development company StarkWare tweeted to introduce ZK-EVM Kakarot using the Cairo programming language. Ethereum co-founder Vitalik Buterin, ZK-STARK co-inventor Eli Ben-Sasson, StarkWare member Shahar Papini and others will participate in Twitter Space tomorrow.
infrastructure components
infrastructure components
ConsenSys Announces MetaMask Grants DAO, Pledges $2.4M Per Year
Odaily News ConsenSys announced the launch of the MetaMask Grants DAO and promised to provide it with $2.4 million per year to promote the further development of the Web3 ecosystem. Funding will be led by MetaMask employees who manage the DAO. The DAO will be responsible for distributing grants to developers working outside of ConsenSys who are building products and services within MetaMask's ecosystem and the wider Web3 space.
The project will initially run for 12 months to assess its viability and success, with the DAO publicly processing votes and proposals via SnapShot on the Codefi Activate platform. ConsenSys is committing $600,000 per quarter to drive decentralization and the adoption of Web3 mechanisms and business models. (Cointelegraph)
Binance launches native oracle service, first supporting BNB Chain
Odaily News Binance has launched a native oracle service, Binance Oracle, which enables smart contracts to run on real-world input and output, starting with the BNB Chain ecosystem, and will eventually support more blockchains.
Binance oracles will source price data from several centralized crypto exchanges to ensure data reliability. (CoinDesk)
In addition, GnosisDAO will linearly unlock 150 million SAFE shares in the next 4 years, of which a total of 100 million SAFEs (including the above 9 million) will be distributed to the four types of GNO pledgers at most.
In addition, GnosisDAO will linearly unlock 150 million SAFE shares in the next 4 years, of which a total of 100 million SAFEs (including the above 9 million) will be distributed to the four types of GNO pledgers at most.
Cross-chain bridge Hop Protocol launches liquidity mining plan
secondary title
DeFi
MakerDAO has passed the community proposal to transfer 1.6 billion USDC to Coinbase Prime
Odaily News MakerDAO has passed the community proposal to transfer 1.6 billion USDC from the Maker reserve to the Coinbase Prime custody account, with a approval rate of 75.08%, which will enable it to obtain a 1.5% yield.
It is reported that Coinbase will maintain 24-hour year-round access to the DAO anchor stability module (PSM), which is responsible for managing the governance fees that MakerDAO obtains from transactions.
Compound v3 will suspend support for MKR, YFI, ZRX, BAT and other tokens
Odaily News The DeFi lending agreement Compound unanimously approved Proposition 131 in the community vote, and users will not be able to use 0x (ZRX), Basic Attention Token (BAT), Maker (MKR) and Yearn Finance (YFI) as loan assets on Compound v3 .
It is reported that the proposal aims to eliminate illiquid assets to protect Compound from market manipulation, such as the Mango Markets incident that was previously manipulated for $100 million. Compound Finance founder Robert Leshner also voted in favor of the proposal.
Sushi DAO agrees to implement new corporate legal structure
Odaily News SushiSwap community Sushi DAO voted in favor of a new legal structure that will create three new entities to manage the DAO and the protocol.
Currently, SushiSwap's management consists of a DAO composed of voting community members and a project team to maintain the protocol. Under this new arrangement, three new entities will be created: a Cayman-based DAO Foundation, a Panamanian Foundation, and a Panamanian Corporation. (The Block)
Tokensoft will launch the governance token SOFT, 2% of the total supply will be used for airdrops
According to official news from Odaily, Tokensoft’s SoftDAO will launch the governance token SOFT and conduct an airdrop. The airdropped tokens account for 2% of the total tokens, and 1.4% of the total tokens will be airdropped to users participating in the Tokensoft incentive test network The Softernet, and 0.6% of the total tokens will be airdropped to users who have participated in the Tokensoft platform token sale. Tokens, in which the airdrops of users participating in the token sale will be locked for one month and released linearly in two years.
38% of the total amount of SOFT tokens will be allocated to the SoftDAO treasury; 10% will be allocated to operating expenses; 8% will be allocated to future developer incentives; 10% will be allocated to early developer incentives; 10% will be allocated to early Supporters; 10% will be allocated to community round sales; 3% will be allocated to institutional round sales; 1% will be allocated to family and friends round sales; 8% will be allocated to future financing.
Odaily News According to the official announcement of PancakeSwap, Aptos and PancakeSwap have reached a cooperation. PancakeSwap and CAKE tokens will be deployed on Aptos. PancakeSwap will continue to work closely with the Aptos team on this deployment across the technology, community and ecosystem.
Twitter officially announced the test of NFT magnetic attraction function NFT Tweet Tiles
NFT
Twitter officially announced the test of NFT magnetic attraction function NFT Tweet Tiles
Odaily News The Twitter development team officially announced the test of the NFT Tweet Tiles function that can "magnetically attract" NFT. Rarible, Magic Eden, Dapper Labs, Jump.trade NFT marketplaces can now display large images of NFTs and detailed information such as titles and creators.
It is reported that Tweet Tiles is a way to attach customizable formatting to Tweets, and users on iOS and the Web may see and interact with Tweet Tiles. These Tweet Tiles contain text, images, video or other elements, allowing easy interaction with the content and making the timeline more dynamic and visual. Tweet Tiles are automatically rendered when a user pastes a URL.
Odaily News LooksRare officially announced that it will no longer support creator royalties by default in the future, but will share the agreement fee with creators and collection owners. The specific modification details are as follows:
Royalty: LooksRare will pass 25% of the agreement fee to creators and eliminate the standard creator royalties. The buyer can pay the copyright fee by himself when placing the order.
Protocol fee: The total amount is still 2%, but now 1.5% of each transaction goes to LOOKS pledgers, and if they set up a receiving address, there is a collection fee of 0.5%. (If not, the total fee is only 1.5%)
Transaction rewards: 95% of transaction rewards are given to sellers and 5% to buyers.
Pending order rewards: Listing reward rankings are now only ranked by OpenSea's 24-hour rolling trading volume.
X2Y2: Access request from blur has been forbidden
Odaily News NFT trading market X2Y2 tweeted that it hopes that NFT aggregator Blur will stop using X2Y2's transaction information. Since blur has applied for more than 10 keys to access the API, which violates its (5.8) related terms, X2Y2 has banned the access request from blur.
NFT lending project llamalend completes smart contract deployment
According to official news from Odaily, the NFT lending project llamalend has completed the smart contract deployment.
According to previous reports, on October 9, 0xngmi, the anonymous founder of the DeFi data website DeFiLlama, announced that the NFT lending project llamalend will be launched soon. At present, the smart contract has been completed and open sourced on Github.
According to the contract, llamalend is mainly used for NFT mortgage loans in the long-tail market, that is, it is mainly for small collectibles, and has the characteristics of no liquidation, pay-as-you-go, and fixed rates based on pool utilization.
Yuga Labs Joint Creation: The Beta version of the Otherside Metaverse will be launched in 2023
Odaily News Yuga Labs co-founder Greg Solano revealed in an interview with Punk 6529 recently that the Otherside metaverse "The Persistent World" (The Persistent World) will be launched in 2023. Yuga Labs plans to provide players with a multiverse experience, and players will be able to access the "Eternal World" (Beta version) starting next year.
The Sandbox will distribute 2.6 million SAND to landholders on the Polygon network
Odaily News The Sandbox announced that to celebrate the 1000th day of operation of the metaverse, 2.6 million SAND will be distributed to land holders on the Polygon network.
It is reported that the snapshot has been completed at 21:00 on August 30, 2022. Tokens are distributed according to the number of holdings, holding time and whether to bridge Polygon, and now supports checking qualifications and applying for them.
Star Neymar to Release His First NFT Collection During the World Cup
Odaily News Brazilian football superstar Neymar announced that he will launch his first NFT series during the World Cup. Currently, his whitelist JungleVIBES has been opened for casting on NFTSTAR. NFTSTAR said that the upcoming NFT series will be jointly released by NFTSTAR and NR SPORTS, and the full name is "Beastmode Metaverse x Neymar Jr.".
game
game
Merit Circle's proposal to burn 200 million MC from community incentive distribution has passed
Odaily News Merit Circle DAO has voted to pass the MIP-20 proposal on burning 200 million MC tokens from the community incentive distribution.
security incident
security incident
Team Finance: $14.5 million stolen, protocol suspended
Odaily News The Team Finance team stated that the funds managed by the protocol were hacked during the migration from Uniswap v2 to v3, and the confirmed loss was $14.5 million. At present, the team has suspended all activities of Team Finance until it is determined that this vulnerability has been fixed.
FriesDAO was attacked due to the Profanity vulnerability and lost more than $2.3 million
Odaily News According to CertiK monitoring, FriesDAO was attacked today and lost about 2.3 million US dollars. The reason is that the attacker gained control of the wallet of the operator of the protocol. The private key used to generate the address is mandatory.
QuickSwap loses $220,000 due to flash loan attack and will temporarily shut down the lending market
Odaily News According to QuickSwap official Twitter, the lending market QuickSwap Lend has been temporarily closed, and it has lost $220,000 due to flash loan attacks. This attack was realized through the vulnerability of the Curve oracle machine. Only the Market XYZ lending market was affected, and the QuickSwap contract was still safe.
Additionally, QuickSwap stated that since the market is funded by QiDAO, no users’ funds were lost.
The Eden Network token contract was controlled, and the attacker demanded 200 ETH
Odaily News Forta Network tweeted that an attacker obtained ownership of the MEV infrastructure Eden Network deployer address and controlled the EDEN token contract. The attacker said, “We will deploy a new token contract, and Eden Network can redeem ownership only after purchasing 200 ETH of NEDEN.”
It is reported that hackers have now created a new token NEDEN contract, and said that Eden Network can destroy 300 million NEDEN to redeem ownership.
According to previous reports, on October 14, Supremacy tweeted that the private key of the Eden Network deployer’s address was leaked, which may be caused by the Profanity vulnerability. Influence.
