Star Project Weekly | Arbitrum's first governance proposal raised doubts; ConsenSys zkEVM changed its name to Linea (3.27-4.2)
During the week from March 27th to April 2nd, the developments worthy of attention are as follows:The public chain Sui launched a permanent test network, which will continue to operate after the main network is launched；Sei Foundation launches to handle token grants, airdrops, and more；Iron Fish Announces Details of Token Economics；Polygon announces that its zkEVM mainnet beta is live；ConsenSys zkEVM rebranded to Linea, launches public beta；Starknet Alpha v 0.11.0 has been launched on the mainnet；Base: The main network may be launched in the next few months；Rehypothecation Protocol EigenLayer Closes $50M Series A Funding Led by Blockchain Capital；Lido V2 is currently being tested on Goerli and the first withdrawal has been confirmed successfully；Blur: Season 2 Bidding Pool and Double Point Incentives for Listings Extended to May 1st。
Bottom-Layer 1
Bottom-Layer 1
Odaily News The BNB Chain community released a new proposal aimed at reducing transaction gas fees to enhance competitiveness. The proposal states that this change will make BNB Chain more attractive to users than L2 solutions in other ecosystems.
The proposal proposes that BNB Chain validators take a more flexible approach to transaction fees, enabling users to choose fees lower than the current 5 gwei rate, with options as low as 3 or 4 gwei. Validators maintaining a target return on investment may consider increasing the commission rate they charge from validator revenue.
Cosmos Ecological Token Protocol Noble Partners with Circle
Odaily News Cosmos Ecological Token Protocol Noble has cooperated with Circle to introduce native USDC into Cosmos and Inter-Blockchain Communication (IBC) ecology.
Odaily News The public chain Sui Network announced the launch of the Permanent Testnet (Permanent Testnet), which will serve as Sui's long-running, decentralized, and permissionless testnet. Unlike the previous Waves 1 and Waves 2 testnets, this testnet will continue to operate after the mainnet launch.
Testnet feature updates include dynamic validator sets, support for protocol software and Sui framework upgrades, recovery of full nodes from database snapshots, address and signature updates, etc.
Sei Foundation launches to handle token grants, airdrops, and more
Odaily News Layer 1 public chain Sei announced the establishment of the Sei Foundation as a non-profit organization supporting the Sei ecosystem to fund protocol development and develop the ecosystem. The Sei Foundation will handle token grants, airdrops, product requests, initiatives and delegation programs, and more. The Sei Labs team remains committed to developing open source software.
Odaily News Aleo, a programmable privacy network, announced on the official tweet that "big things are about to happen in April", and users speculate that the main network may be launched soon.
In February last year, Aleo completed a US$200 million Series B financing, led by SoftBank and Kora Management, and participated by Andreessen Horowitz (a16z), Tiger Global, Samsung Ventures and others.
Odaily News The modular blockchain Celestia has launched the second phase of the testnet Blockspace Race (Phase 2), and cross-chain bridge nodes, full storage nodes, and light nodes can begin to participate. A bonus phase is also now underway, with participants earning extra points for completing bonus tasks.
Odaily News According to official news, Layer 1 privacy-enhancing blockchain Aleph Zero announced that the smart contract ink! 4.0 is launched on the Aleph Zero mainnet, and new DApps will be able to be deployed to the mainnet.
Additionally, Aleph Zero will soon launch an ecosystem funding program that will help Aleph Zero-based projects in a variety of ways.
Iron Fish Announces Token Economics Details: 2.25% Airdrop Tokens for Testnet Participants
Odaily News Iron Fish announced the token economics of the project. The genesis block will contain 42 million tokens, which will be distributed as follows:
1. Iron Fish Foundation: 18%;
2. Airdrop to testnet participants: 2.25%;
3. Future airdrops: 2.25%;
4. Pre-Seed round financing investors: 5.1%;
5. Seed round financing investors: 9.9%;
6. Investors in Series A financing: 14.5%;
7. Consultants: 0.6%;
8. Core development team: 37.4%;
9. IF laboratory: 5%;
10. Endowment Fund: 5%.
For each insider, a one-year lock-up period is provided after the mainnet goes live. Holders of such tokens will be eligible to make transfers each month for the next 12 months. The mainnet is expected to launch on April 30. After the event, the main network will go online: conduct transactions, start nodes, mine, create and destroy user private assets.
EOS Network Foundation: EOS EVM final testnet is live
Odaily News The EOS Network Foundation tweeted that the final testnet of the EOS EVM has been launched. With the security audit underway, the EVM mainnet is about to be ready.
Bottom layer-Layer 2
Bottom layer-Layer 2
Arbitrum Foundation May Sell ARB Tokens Ahead of Governance, Budget 'Approve' Vote
Odaily News According to Patrick McCorry's blog post, the Arbitrum Foundation began selling ARB tokens in exchange for stablecoins before its token holder governance community "approved" the organization's nearly $1 billion budget, sparking community controversy.
According to Patrick McCorry, the Arbitrum Foundation considers the comprehensive governance package Arbitrum Improvement Proposal (AIP-1) to be an “approval” of decisions it has already made, such as receiving 7.5% of all ARB tokens. To this end, the Foundation has begun using these tokens for the benefit of the DAO, including converting some funds into stablecoins for operational purposes.
McCorry's post is understood to be Arbitrum's first official response to Friday's events, after governance hawks called for the Arbitrum Foundation's "special grants" program. Under the proposal, the foundation would receive 750 million ARB tokens (approximately $1 billion), which could be used without approval from token holders.
Odaily News Arbitrum has responded to the governance controversy on the official Twitter, and forwarded a long clarification posted on the official governance forum.
Regarding some of the controversies involved in the governance proposal, Arbitrum explained this: With the launch of the DAO, there was a “chicken and the egg” problem, and many decisions had to be made before the official launch.
Regarding AIP-1, Arbitrum pointed out that the goal of the proposal is to involve the community in the initial decision-making, and eventually have token holders vote to approve the initial decision and framework through the DAO.
Regarding the on-chain transfer of 50 million ARB, Arbitrum made a clarification: the foundation did not sell 50 million ARB tokens. Of these, 40 million were allocated as a loan to a savvy participant in the financial market, and the remaining 10 million were converted into fiat currency and used for operating costs.
Polygon announces that its zkEVM mainnet beta is live
Odaily News Polygon announced that the beta version of its zkEVM mainnet has been launched, and Ethereum co-founder Vitalik Buterin made a symbolic first transaction. Polygon also said that to make the network censorship-resistant, users will eventually be able to force transactions to ethereum L1 in the event of a failure, a mechanism that will be enabled briefly after launch.
Polygon: MATIC is expected to be used for staking and governance in the Polygon zkEVM in the future
Odaily News Polygon has updated the relevant matters of the Polygon zkEVM mainnet in its official documents. It pointed out that the main network of Polygon zkEVM will not issue separate tokens, ETH will be used to pay network gas fees, and it is expected that MATIC will be used for pledge and governance in Polygon zkEVM in the future.
Additionally, since Polygon zkEVM supports account abstraction via ERC-4337, this will allow users to pay fees with any token.
On March 27th, Polygon announced that the beta version of its zkEVM mainnet has been launched, and Ethereum co-founder Vitalik Buterin made a symbolic first transaction. Polygon also said that to make the network censorship-resistant, users will eventually be able to force transactions to ethereum L1 in the event of a failure, a mechanism that will be enabled briefly after launch.
ConsenSys zkEVM rebranded to Linea, launches public beta
Odaily News According to official news, ConsenSys zkEVM has been renamed Linea, and natively integrates tools such as MetaMask and Truffle. Currently, Linea is open testnet to any developer, user or protocol.
Combining zero-knowledge proofs with Ethereum Virtual Machine (EVM) equivalence, Linea enables builders to extend new or existing dapps, aiming to provide developers with flexibility and scalability.
Starknet Alpha v 0.11.0 has been launched on the mainnet
Official news from Odaily, Starknet announced that Starknet Alpha v 0.11.0 has been launched on the mainnet.
zkSync: Database failure causes downtime, decentralization is the only long-term solution
Odaily News The zkSync team announced the cause of the downtime. Block generation stopped due to a block queue database failure. Despite this, the server API was not affected. Transactions continue to be added to the mempool, and queries are served normally. Although all components had comprehensive monitoring, logging, and alerting, no alerts were triggered because the API was functioning properly.
The entire team was offline when the accident happened. The fix was implemented within 5 minutes. To solve a similar problem, zkSync gives database monitoring agents a special role that enables them to connect to the database and continuously collect metrics. At the same time, the team introduced an alerting mechanism that will send out an alert when the database monitoring agent fails or cannot establish a connection with the database. Additionally, in the event of a serious escalation, the on-call team is immediately notified through multiple channels. But the only long-term solution is decentralization.
Base: The main network may be launched in the next few months
Odaily News Coinbase's L2 network Base published a blog post stating that it will "push Base to the main network" in the next few months.
Gnosis Chain Launches Hashi to Enhance Bridge Transport Security
Odaily News Gnosis Chain's ecosystem team Gnosis Builders announced the launch of Hashi, which enhances bridging security by aggregating bridging standards. Gnosis Chain is a complete EVM (Ethereum Virtual Machine) layer 1 blockchain that prioritizes decentralization and safety. Many projects are already working on integrating Hashi, including Succinct Labs, DendrETH, ZK Collective, Connext, Celer, LayerZero, Axiom, Wormhole, and LI.FI.
According to OKX official news, the Ethereum-based Layer 2 network OKBC testnet has been officially launched, and users can receive testnet OKB through the OKX Web3 wallet to experience. OKBC focuses on improving security and achieving seamless integration, supports decentralized product deployment, is 100% compatible with EVM and Cosmos, and provides reliable smart contract audit services, which will help OKX 50 million users easily explore Web3.
infrastructure components
infrastructure components
Odaily News Encrypted hardware wallet Ledger locked most of the funds in the 100 million euro financing, with a valuation of 1.3 billion euros, which is roughly the same as the valuation given by investors in the last financing in June 2021. True Global Ventures, Cité Gestion SPV, Digital Finance Group and VaynerFund participated in the investment. (Bloomberg)
Binance released a DeFi wallet that supports the use of mnemonic words
Odaily News Binance released Binance DeFi Wallet, which is developed based on MPC technology, supports functions such as helpless words, wallet recovery, and integrates Binance ID. Currently supports BNB Chain and Ethereum, and will support more chains in the future.
Rehypothecation Protocol EigenLayer Closes $50M Series A Funding Led by Blockchain Capital
Odaily News EigenLayer, the Ethereum re-pledging protocol, completed a US$50 million Series A round of financing, led by Blockchain Capital, and other investors such as Coinbase Ventures, Polychain Capital, Bixin Ventures, Hack VC, and Electric Capital participated in the investment. Previously, EigenLayer had completed a $14.5 million seed round led by Polychain Capital and Ethereal Ventures.
DWF Labs invests $40 million in AI-focused encryption protocol Fetch.ai
DWF Labs invests $40 million in AI-focused encryption protocol Fetch.ai
It is reported that this is the sixth investment completed by DWF Labs this month. (CoinDesk)
It is reported that this is the sixth investment completed by DWF Labs this month. (CoinDesk)
Lido V2 is currently being tested on Goerli and the first withdrawal has been confirmed successfully
Odaily News Lido V2 is currently being tested on Goerli, and it has been confirmed that the first withdrawal was successful. A Lido contributor successfully tested the user flow for Ethereum withdrawals. The plan now is to extensively test Turbo mode (normal functionality), with a particular focus on validator exits (to ensure withdrawal requests are processed in a timely manner under various circumstances).
Rocket Pool's Atlas upgrade planned for April 13th, new 8 ETH mini pool will be launched
Odaily News According to official news, the Ethereum liquidity staking protocol Rocket Pool said on Twitter that it will perform an Atlas upgrade on April 13. This upgrade will launch a new 8 ETH mini mining pool, that is, only 8 ETHs are required to participate in the node pledge (under the condition that Rocket Pool requirements are met).
The features of this Atlas upgrade include improving protocol efficiency, distributing higher rewards for node operators, increasing rETH capacity, and still completely requiring no permission.
The most important function of Atlas is the RocketPool verification node Minipools LEB 8's. Currently, when a node operator wishes to create a mini pool, he must provide 16 ETH and receive 16 ETH on behalf of the agreement, which means that a 32 ETH needs to be created on Ethereum With the introduction of LEB 8, the number setting of 16 ETH will be reduced to 8 ETH.
ssv.network Launches Latest Version of Public Testnet Jato
Odaily News According to official news, the decentralized Ethereum pledge infrastructure ssv.network announced that it will launch the latest version of the public testnet Jato today. It is reported that Jato’s Gas cost has been optimized, the validator account management has been improved, and the number of nodes running validators has been increased. The previous testnet Shifu will be gradually shut down.
As for the launch time of the mainnet, ssv.network stated that the mainnet will be launched after the smart contract audit, the implementation of feedback and suggestions for Jato, and the release of the mainnet candidate version.
Odaily News DAO members of LayerZero-based cross-chain liquidity protocol Stargate discussed how to handle the expected distribution of 1.6 million Arbitrum (ARB) tokens, which are worth less than $2 million, during a community call on Wednesday. LayerZero Labs employee MaxPower said the tokens have not yet been received, but when they do, a decision will have to be made whether to hold, sell, deploy or delegate them.
Some participants suggested that the DAO should distribute ARB tokens to users or deploy them as a liquidity incentive, while others suggested delegating ARB tokens so Stargate could participate in Arbitrum governance. (CoinDesk)
Primitive Launches Beta Version of Open Source EVM Analysis Tool Arbiter
secondary title
CeFi
Binance and CZ sued by US CFTC for regulatory violations
Odaily News Encryption trading platform Binance and its CEO CZ have been sued by the US Commodity Futures Trading Commission (CFTC) for allegedly violating trading and derivatives rules.
The CFTC filed the lawsuit Monday in federal court in Chicago. The derivatives watchdog said Binance avoided its due diligence obligations by not being properly registered. Since at least 2021, the CFTC has been investigating whether Binance failed to prevent U.S. residents from buying and selling cryptocurrency derivatives. CFTC rules generally require platforms to register with the agency when allowing U.S. persons to trade these products. (Bloomberg)
Odaily News Circle issued a document disclosing "the structure and management of USDC reserves". About 80% of USDC reserves are short-term U.S. Treasury bills, and about 20% are cash deposits in the U.S. banking system. Reserves are fully transparent and subject to third-party assurances that there are sufficient assets to meet liabilities. It does not contain any other assets with a different risk profile. U.S. Treasury bonds in USDC reserves are held by a wholly-owned government money fund structure regulated by the SEC. They are not subject to any lock-up or redemption thresholds. There are independent third-party reports on the portfolio on a daily basis, down to each security.
Circle holds approximately 20% cash reserves to meet clients' immediate liquidity needs. Circle has taken steps to de-risk the banking system in the wake of the recent failures of several U.S. banks, and now parks the majority of the cash portion of its reserves in one of 30 global systemically important banks around the world, also known as GSIBs. Circle also holds small amounts of funds with transaction banking partners to support USDC liquidity operations.
In addition, Circle stated that it has been eager to hold the cash portion of USDC reserves directly at the Federal Reserve, in order to realize the vision of USDC as true tokenized cash. To do this, stablecoin legislation is needed. Circle stated that USDC reserves are held in segregated accounts for the benefit of USDC holders.
Odaily News According to official news, the U.S. Federal Deposit Insurance Corporation (FDIC) announced that it has signed all deposits and loans with First–Citizens Bank & Trust Company (First–Citizens Bank & Trust Company) for Silicon Valley Bridge Bank, National Association (Silicon Valley Bank Bridge Bank) Sign a purchase and assume agreement. Seventeen former branches of Silicon Valley Bank Transition Bank will open on Monday, March 27 local time as First Citizens Bank and Trust.
secondary title
DeFi
Odaily News According to official news, since the commercial source code license (BSL) of Uniswap v3 will expire on April 1, 2023, the Uniswap Foundation proposes a Uniswap governance method to determine the L1 and BSL after the BSL expires on April 1. "Official" Uniswap deployment on L2, and community feedback is currently being gathered to move this forward.
Among them, an entity or individual can act as multiple stakeholders at the same time, for example, a proposer can also be a deployer, and a deployer can be a bridge provider. The Uniswap Foundation also proposes to create a new ENS subdomain v3-deployments.uniswap .eth to track the official deployment of Uniswap V3 on L1 and L2.
According to the voting page of Odaily, the ARFC proposal of the Aave community on deploying the MVP version of Aave V3 on the zkEVM mainnet has been voted through. zkEVM is an EVM equivalent zk-rollup L2 developed by the Polygon team. Deployment, Aave V3 has been successfully deployed on the ZkEVM testnet for about 6 months. This ARFC proposal should be considered a "temperature check", allowing development and risk service providers to conduct deeper analysis of zkEVM networks.
Odaily News The MakerDAO community has voted through a series of MIP governance proposals outlining how Maker will operate and make decisions in the future.
The approved proposals include Maker's guiding principle "Constitution" written by Maker founder Rune Christensen, which lays the foundation for the protocol's governance, development, and reserve investment; also includes breaking down the DAO's current structure into smaller units called SubDAO; Invest part of Maker's more than $7 billion in reserves in real-world assets and money market funds to increase platform revenue, and further decentralize support for the DAI stablecoin, making it more resistant to censorship and sanctions, and plans to establish Constitutional Voter Committees (CVC ), Constitutional Delegates (CD), and Constitutional Conservers (CC) to reorganize the governance of the DAO. (CoinDesk)
dYdX: Significant resources will be allocated to building MEV solutions targeting v4
Odaily News dYdX officially published a document discussing the v4 version and MEV related issues. The article states that dYdX v4's fully decentralized and high-performance in-memory order book may cause MEV problems. However, unlike a smart contract environment, the Cosmos infrastructure enables dYdX to build a unique MEV solution that aligns the incentives of validators with those of users. dYdX is actively working on researching and building these solutions and plans to allocate significant resources to this end.
Odaily news 1inch governance team member Jordan Reindl proposed to modify the linch DAO governance process, including removing st 1INCH(v1) voting and delegation strategy from 1inch Snapshot space; changing st 1INCH(v2) voting and delegation strategy to use Unicorn Power instead of tokens Balance; replace the existing 20% weighted v 1INCH strategy with a strategy that simulates the decay of Unicorn Power, that is, fully vested and unclaimed v 1INCH will greatly weaken the voting power of v 1INCH at the beginning of its vesting contract and in 2 years st 1INCH at the start of the lockup period has full 1:1 voting parity; increasing the Snapshot proposal creation requirement to require 100,000 vote weight (currently 25,000).
It is reported that the proposal is still in the discussion stage.
Odaily News Decentralized financial platform Zerion has launched a new feature called "Perks" in its Web3 wallet. The Web3 capability aggregation solution Daylight is integrated in the Zerion Perks tab, which supports viewing airdrops, minting coins, rewards, unlocking, etc.
According to news in October 2022, Zerion completed a $12.3 million Series B round of financing, led by Wintermute Ventures, with participation from Mosaic, Coinbase Ventures, Alchemy, and Placeholder.
Odaily News ZkSync-based DEX SyncSwap tweeted that Time Machine has been introduced, allowing liquidity providers to track the performance of liquidity positions, including earned income and impermanent losses.
Thala announced the THL token economic model, the initial circulation supply will be 13 million
Odaily news Aptos ecological DeFi protocol Thala announced today the token economic model of its governance token THL. The total supply of THL is 100 million, of which:
1. The community will allocate 35 million pieces (35%), which will be used for the liquidity of products such as ThalaSwap;
2. The team and consultants will allocate 20 million (20%), locked for 6 months, and then enter a 2-year linear release;
3. Investors will allocate 20 million pieces (20%), lock them for 6 months, and then enter a 2-year linear release;
4. The treasury will allocate 15 million (15%), 20% of which will be unlocked when tokens are generated, and the remaining 80% will be released linearly within 5 years;
5. 10 million tokens (10%) will be allocated for token generation activities.
This also means that in the initial stage of THL circulation, the circulating supply will be 13 million, of which 10 million will come from token generation activities, and the remaining 3 million will come from the 20% allocation of treasury unlocking.
RabbitX plans to start the airdrop in Q2, and the snapshot will end on April 9
Odaily News The decentralized perpetual contract and derivatives exchange RabbitX released an airdrop announcement. The last snapshot date will be Sunday, April 9, 2023, and the airdrop distribution will be carried out in the second quarter. The main contents are as follows:
1. Rewards for early loyal users: provide incentives to early loyal users of RabbitX;
2. Improve liquidity: Increase the liquidity of the exchange by distributing tokens to active traders;
3. Early mainnet recognition: provide incentives to users who have followed and used RabbitX’s early mainnet platform from the very beginning;
4. Community building: Give back to users and cultivate a strong and supportive community around RabbitX.
5. Fair and transparent distribution;
6. Growth and Success: Build a strong foundation for the future of RabbitX by engaging with users and providing them with the tools and resources they need to succeed in the crypto market.
Note: This airdrop is only available for early mainnet users, there is no airdrop for the testnet.
NFT
Blur: Season 2 Bidding Pool and Double Point Incentives for Listings Extended to May 1st
Odaily News The NFT market Blur tweeted that the new product originally planned to be released on April 1 will take more time to build, so the launch will be postponed (the specific release time was not disclosed). In addition, Blur announced that Season 2's bidding pool and listing double point incentives will be extended to May 1st.
According to official news, NFT market Magic Eden announced the introduction of the Diamond Rewards (Diamond Rewards) program, allowing users to earn diamonds according to different tasks and unlock more rewards in Magic Eden.
It is reported that diamonds are a kind of reward currency, and the number of rewards will remain the same every month. There are three ways to get diamonds: listing NFT on Magic Eden and successfully selling it; bidding on NFT on Magic Eden and being accepted; improving personal information.
Additionally, the user loyalty score is used to determine the multiplier for diamonds earned, with a 100% loyalty score getting a 2x multiplier. Loyalty is checked every 24 hours and a loyalty multiplier is applied when diamonds are earned. The loyalty score calculation takes into account the user's activity over the past six months.
NFT Marketplace Escher Officially Launches, 100% Royalties Will Be Enforced
Odaily News Escher, the NFT market founded by Andy Chorlian, the founder of the NFT fragmentation protocol Tessera, announced on social media that its platform has been officially launched. excitation. Escher also announced that its NFT marketplace will enforce 100% royalties, while launching a limited-edition NFT series "Escher Exclusives."
Binance AI NFT Generator Bicasso Is Open Again
Odaily News CZ announced on his personal Twitter that the Binance AI NFT generator Bicasso has been opened again, and 100,000 NFTs of free mint will be opened on a first-come, first-served basis.
NFTGo officially launched the NFT rarity model GoRarity, and open sourced the core algorithm
Odaily News According to official news, NFTGo recently announced that it has fully open sourced its self-developed rarity algorithm GoRarity on Github, providing Web3 developers and users with a transparent and reasonable rarity model, and enriching NFT valuation logic.
GoRarity was invented by the NFTGo team in November 2021. The model uses the Jaccard Distance algorithm. Compared with other models on the market, GoRarity reflects the relevance of a single NFT to the project it is in. Currently, users can view and use the GoRarity rarity score directly on NFTGo.
BAYC Releases HV-MTL Series Mech Types
Odaily News BAYC announced that the HV-MTL series of mech types has been officially released on its official website. There are 8 types in total, and 7 types have been publicly displayed, namely GLITCH, DYNAMIC, BIO, KNIGHT, CELESTIAL, REAVER and HOLO, while LEGENDARY has not yet public.
The HV-MTL series consists of 30,000 Evo 1 Mechs NFTs, which can be obtained by destroying the Sewer Pass. Holding HV-MTL NFTs will allow access to future BAYC games and content.
Odaily News According to the official Twitter, the NFT project Doodles announced the launch of an amendment proposal to seek to transform its project treasury DoodleBank, focusing on community empowerment and holder rewards, streamlining funds and improving governance.
social contact
social contact
Web3 social protocol Atem Network will airdrop to Mirror and Lens users
Odaily News Web3 social protocol Atem Network announced the opening of the "Infinity Gems" event, which will be airdropped to Lens, Mirror users and creators. Users who previously held Atem series NFTs, interacted on the Atem ecological platform, and interacted on Web3 social platforms such as Lens and Mirror can receive gem airdrops.
According to reports, the gems are SBT, which are divided into 6 types, which can be exchanged for tokens in the future. Collecting all 6 types of gems can synthesize infinite gloves and get incentives.
Unstoppable Domains launches AI-generated avatars
game
game
The STEPN achievement system will be launched gradually in three batches in April
According to community news, STEPN co-founder Jerry Huang said in an AMA that the achievement system will be launched gradually in three batches in April, with titles and historical data. The pfp-like NFT generated by GNT will be available in the STEPN app. Accounts that were previously banned for cheating need to pay a "price" to get their assets back, and these fines will be rewarded to loyal users in some way.
Otherside to Launch Collection-Based 2D Strategy Game LOTM
Odaily News Yuga Labs metaverse project Otherside announced that it will launch a collection-based 2D strategy game Legends of the Mara (LOTM), which will start after the "Otherside: 2 nd Trip" event ends.
The game introduces a new NFT series "Mara" that can evolve into Kodamara. The game starts with a Vessel NFT. Each Otherdeed holder can claim a Vessel NFT, and claims will open from early April. Each claimed Vessel will be sent to the Otherdeed holding wallet as an individual ERC-721 token with a new collection of smart contracts/NFTs. In addition to obtaining through claiming, Vessels can also be bought and sold through trading platforms. Beginning in May, players can prepare to defend the Otherside.
security incident
security incident
DeFi protocol SafeMoon was attacked, and the liquidity pool lost about $8.9 million
Odaily News The BNB Chain-based DeFi protocol Safemoon was attacked earlier today, causing its liquidity pool to lose nearly $8.9 million. Safemoon confirmed the attack on Twitter and said it will do its best to recover the damage.
According to the analysis of the security company Paidun, the recent update may have introduced a "public destruction vulnerability" to facilitate hacker attacks. The hacker was able to use code functionality to artificially inflate the price of SFM tokens, then sell enough tokens back to the liquidity pool in the same transaction, effectively taking WBNB from the contract. (The Block)
Odaily News According to Scam Sniffer monitoring, there is a loophole in LaunchZone’s early contract Bscex SwapX, and $7,799,856 of funds have been stolen so far. Users who approved the contract in the early stage are at risk, 34065 addresses are at risk, please check and revoke authorization as soon as possible.
Yu Xian, the founder of SlowMist, commented on this: “Who would have thought that 2 to 3 years ago, there was a loophole in a wallet address authorization project. Many users have not canceled the authorization, and hackers continue to monitor these wallet addresses with authorization risk exposure. Once the funds are found, they are stolen."
Security Team: Kokomo Finance Implemented Exit Scam, About $4 Million in User Funds Stolen
Odaily News According to CertiK monitoring, yesterday (March 26) the Kokomo Finance (KOKO) project implemented an exit scam, the currency price plummeted by more than 95%, and the user’s stolen funds were about 4 million US dollars.
At present, the project has deleted all its social media accounts. ETH contract address: 0x 7 Da 25 Bc 4 cFAed 3 F 29414 C 6779676 e 53 B 19 a 356 f 5 .
Odaily News According to the official Telegram announcement, the DAO Maker project Degen Zoo is suspected of being hacked on Binance Oracle. At present, the project team has suspended the game and launched an investigation, saying that no loopholes have been found as of 14:00, and better animals cannot be hatched through smart contract errors. Currently the official Telegram has been banned.
In addition, according to the BscScan block explorer, the address (0x 8 E... 3 c 3 c) destroyed about 2 million DZOO (about 58,000 US dollars) in the WDZOO unboxing between 13:06-13:32, Display exceptions.
Odaily News THORChain, a decentralized cross-chain transaction protocol, tweeted that a dependency of THORChain is suspected to have a potential loophole that may affect THORChain. Out of prudence, transactions have been suspended and investigations are underway.
Odaily News The cross-chain bridge Allbridge announced that it is investigating the current status of the BNB Chain asset pool. The bridge has been temporarily closed while the investigation is underway. Previously, Pai Dun reminded Allbridge that the formula suspected to be related to Swap may be manipulated.
