Overseas Weekly | Polkadot mainnet will be launched in mid-2020; Thesis completed a new round of financing of 7.7 million US dollars, led by Paradigm Capital (3.30—4.6)
Produced by Odaily
Author | Wang Ye
Editor | Hao Fangzhou
Produced by Odaily
Last week, Polkadot announced that the main network is about to complete the security audit and will be launched in mid-2020 as originally planned; MakerDAO ended the MKR token auction, and a total of 21,000 MKR were sold at a price of 5.3 million Dai; the privacy application platform Origo announced the main network Open source, is transforming into Origo DAO organization.
The following are overseas project progress and financing events:
Star Project Progress
According to Odaily statistics, there were four financing cases last week, among which it is worth noting that tBTC development team Thesis completed a round of financing of US$7.7 million led by Paradigm Capital.
The following are overseas project progress and financing events:
Star Project Progress
Additionally, the Maker Foundation stated that it plans to begin handing over governance power to the community within the next two years. At its Governance and Risk Conference on April 2, the Maker Foundation outlined an envisioned framework for a self-sustaining decentralized autonomous organization (DAO). Maker Foundation CEO Rune Christensen said the ecosystem's current reliance on Maker Foundation is not sustainable in the long run. Given MakerDAO’s troubles on “Black Thursday” — a $5.3 million deficit in the DAI system following a series of liquidations — Christensen believes the foundation needs to speed up its dissolution and begin transferring its risk management capabilities to the community .
Web3 Foundation Qinwen stated in a recent online event that the Polkadot mainnet is about to complete the security audit and will continue to promote the mainnet release as planned. Because of the current epidemic situation that the world is experiencing, the team has also made corresponding time adjustments. The release time of the main network will be launched in mid-2020 according to the original plan.
The decentralized prediction market Augur will launch its second version on the Ethereum network in early June. It is reported that v2.0 will introduce new features, including DAI-denominated tokens, token standards upgraded from ERC20 to ERC777, and new mechanisms to address market risks.
Augur, a decentralized prediction market, will release v2.0 in early June
Currently, the team is working on further improving the Augur UI, conducting end-to-end testing of its smart contracts, and preparing for its integration with Uniswap v2, which is also expected to be released in Q2. Meanwhile, users can participate in Augur v2's ongoing bounty program to identify vulnerabilities in its smart contracts.
The privacy application platform Origo announces that the main network is open source and is transforming into the Origo DAO organization
Origo officially stated that as a community-driven project, it is constantly transforming into an "Origo DAO" decentralized autonomous organization.
Dharma will build a Layer 2 payment system utilizing ORUs
The DeFi lending platform Dharma announced that it will build a Layer 2 payment system utilizing Optimistic Roll-Ups (ORUs) to scale up payments on the Ethereum network. According to Dharma, through the P2P payment system, users can freely send and receive funds while earning benefits.
Harmony updates the token economic model and will launch the public mortgage economic model
EOS Latest Developments
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The latest developments in ETH
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Recent progress of BTC
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Investment and financing overview
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Investment and financing overview
Thesis completes a new round of financing of US$7.7 million, led by Paradigm Capital
Thesis, the team behind the privacy protocol layer project Keep Network, has completed a new round of financing of US$7.7 million. This round of financing was led by Paradigm Capital, with Fenbushi Capital and Collaborative Funds participating. The team plans to launch its tBTC product on April 27.
SBI to Invest in Fintech Subsidiary of Russian Payment Service Provider QIWI
SBI to Invest in Fintech Subsidiary of Russian Payment Service Provider QIWI
On April 1, SBI Holdings officially announced that it will sign a preliminary investment intention agreement with Russia's leading payment service provider QIWI, and will invest in the latter's financial subsidiary QIWI Platform, but the specific investment amount has not been disclosed.
Benrui Capital strategically invests in Injective Protocol, a decentralized trading protocol
Benrui Capital announced its recent strategic investment in the Injective Protocol, a decentralized trading protocol, to support its global business development. The Injective Protocol is based on the Ethereum network and integrates a Verifiable Delay Function (VDF). Through the Proof of Elapsed Time (Proof of Elapsed Time) to avoid order conflicts in the same block to prevent transaction cheating and decentralization of bad transactions The transaction protocol aims to establish a technical solution that is trustless, publicly verifiable, resolvable, liquidity neutral and anti-front-running.
Injective Protocol received investment and support from Binance Labs and StartX (the startup accelerator associated with Stanford University, which has incubated high-quality projects such as Filecoin and Trusttoken) in the pre-seed round in 2018.
