Produced by Odaily
Author | Wang Ye
Editor | Hao Fangzhou
Produced by Odaily
In the progress of overseas star projects last week, it is worth noting that Curve announced the first iteration framework of the governance token CRV and the CurveDAO draft; the Cosmos cross-chain protocol IBC1.0 has completed 79%; the DeFi insurance platform Nexus Mutual launched a new Staking system...
The following are overseas project progress and financing events:
Star Project Progress
The following are overseas project progress and financing events:
Star Project Progress
Curve Announces Governance Token CRV Issuance Plan and CurveDAO Draft
Curve, a decentralized stablecoin trading protocol, announced its governance token CRV issuance plan and its draft of its decentralized autonomous organization CurveDAO. CurveDAO was created based on the Aragon framework. Get higher voting weight. Curve plans to issue 1 billion CRV tokens, and gradually increase inflation to 3.03 billion CRV tokens, allowing early bird participants to capture higher upside value. CRV tokens will be distributed to liquidity providers. It should be noted that users need to lock LP tokens to claim inflation rewards. The draft also proposes that Curve redistribute the collected protocol fees to CurveDAO, which will eventually be used to burn CRV tokens.
Galaxy Digital will be listed on the main board of the Toronto Stock Exchange in Canada on July 6
Encryption venture capital firm Galaxy Digital announced that it will trade on the Toronto Stock Exchange (TSX) in Canada on July 6, 2020. Prior to the news in May, Galaxy Digital was approved to join the sandbox of the Toronto Stock Exchange in Canada. The company has met all requirements of the TSX sandbox program, and July 3 will be the last day of trading for Galaxy Digital on the Toronto Stock Exchange Venture Exchange (TSX Venture Exchange), after which it will transfer to the TSX main board for listing, the stock symbol will still be GLXY.
After the Polkadot Staking ratio is adjusted to 75%, the validator rewards will be increased
After the Polkadot Staking ratio is adjusted to 75%, the validator rewards will be increased
Polkadot will update this week’s progress on the official platform on July 5, mainly including:
On June 29th, Kusama is conducting a proposal referendum to adjust the staking ratio from 50% to 75% before the parachain is opened; Quantity increased from 400 to 500;
On July 1, Bill, the head of technical education at the Web3 Foundation, tweeted that the number of validators on Polkadot will remain at 197 instead of increasing to 200;
On July 2, Polkadot officially issued a document stating that the trusted execution environment provides interesting possibilities for solving privacy and security issues in the Polkadot ecosystem.
Compound Governance Proposal 11 Passed
Compound Governance Proposal 11 was passed and is now in effect. It is reported that two weeks ago, the Compound team put forward a proposal to change the way COMP is distributed to liquidity providers and borrowers. Currently, Compound distributes 2,880 COMP to users every day. Under the new rules, which will go into effect Thursday, users will only need to earn COMP for the dollar value of assets they stake or borrow from the system. By distributing COMP simply based on the dollars in the system, stakeholders say that overall interest in COMP yields is unlikely to decline, but assets will almost certainly move to different markets.
The Maker community initiated a MIP proposal on anchoring stable modules to eliminate the risk of de-anchoring caused by stablecoin collateral assets
According to the proposal, the pegged stable module is very similar to using a stable currency such as USDC as Dai's collateral, the difference is that it directly forces the price of each Dai to be 1 USDC in the market, which will make Dai more liquid and stability. Using USDC as an example, Maker governance approves a special collateral type with a pegged stability module adapter that does not allow users to add USDC as collateral to the Maker protocol (how standard adapters work), but allows two things: Given The special collateral type has an available debt ceiling, allows anyone to trade USDC for Dai, and will allow anyone to trade Dai for USDC if the pegged stable module has USDC available.
BancorV2 introduces a new liquidity pool with dynamic weights
BancorV2 introduces a new liquidity pool with dynamic weights
Cosmos cross-chain protocol IBC1.0 has completed 79%
The core development of the Cosmos project, IBC1.0, is currently in the final development stage, and 79% of it has been completed, an increase of 2% compared to the progress in June. According to the data records on the Cosmos chain, the average block time is 7.13 seconds, 182.85 million Atoms are pledged, the pledge rate is 71%, the inflation rate is 7%, and the annualized rate is 9.86%.
IOHK Announces New Digital Identity System and Cardano Governance Project, and Establishes Cardano Development Fund
Last week, IOHK announced the release of Shelley, an upgraded version of Cardano, and announced the decentralized identity system Atala PRISM, whose participants can access decentralized financial services; and the Cardano governance project Project Catalyst, which is currently in the pilot stage and will eventually include four Each part: the governance blockchain node, the governance protocol, the voting application, and a set of experiments (called Catalyst0, Catalyst1, Catalyst2) to determine whether the system is viable. In addition, IOHK cooperated with Wave Financial Group to establish cFund, a development fund with a total of 20 million US dollars, to provide funds for companies and projects building the Cardano ecosystem.
DeFi insurance platform Nexus Mutual launches new Staking system
DeFi insurance platform Nexus Mutual announced the launch of a new Staking (pledge) system, platform users can stake on contracts they deem safe and receive corresponding rewards. Pledgeers (Stakers) no longer need to queue up for rewards like in the old system, and the pledge rewards will be distributed proportionally in each specific smart contract. Nexus Mutual stated that the Staking system allows the same NXM (Nexus Mutual’s native token) deposit to be pledged on multiple contracts at the same time to maximize potential returns and improve the capital efficiency of the pledge. It can be pledged up to 10 times on multiple contracts Based on the amount of NXM pledged, and the relevant rewards and penalties in each smart contract system will be distributed proportionally.
Dfinity Foundation Announces CanCan, a Decentralized Alternative to TikTok
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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
Please refer to OdailyBTC Weekly Report
Investment and financing overview
AVA Labs received strategic investment from IOSG Ventures, and IOSG will serve as the exclusive strategic cooperation consultant for AVA Labs in China
In the future, IOSG Ventures will serve as the exclusive strategic cooperation consultant of AVA Labs in China, assist AVA Labs in the Chinese market's strategic positioning, platform ecological construction, developer community construction and localization cooperation, and fully support Avalanche and AVA Labs in the domestic encryption market The strategic layout and market planning will jointly promote the coordinated development of the Avalanche platform ecosystem. In addition, the two parties will fully integrate superior resources, strengthen overall cooperation, and develop together.
Curv Receives USD 23 Million in Series A Financing, Coinbase and DCG Participate
With the new funding, Curv will strengthen its infrastructure, grow its team and expand its global client base, said Josh Schwartz, Curv's chief operating officer. The company is headquartered in New York with an R&D office in Tel Aviv, Israel. Curv provides hosted solutions utilizing Multi-Party Computation (MPC) cryptography.
Indian Blockchain Startup ChitMonks Receives $650,000 in Pre-A Round Funding
Indian Blockchain Startup ChitMonks Receives $650,000 in Pre-A Round Funding
Indian blockchain startup ChitMonks has secured $650,000 in Pre-Series A funding from Unicorn India Ventures. Funds will be used for further investment in product development, market expansion, strategic hiring and expansion of existing businesses.
Blockchain Data Index Project The Graph Completes $5 Million Token Sale, Coinbase Participates
Canadian listed mining company Hut 8 completes US$8.3 million equity financing
The Graph, a blockchain data index project, has raised $5 million in financing through the sale of token SAFT to launch a decentralized network. Investors include Framework, ParaFi Capital, Coinbase Ventures, and Digital Currency Group. The Graph, an indexing protocol for organizing and accessing data in blockchains and storage networks, will launch later this year. Additionally, the protocol allows developers to build decentralized applications on Ethereum and IPFS using GraphQL APIs.
Canadian listed mining company Hut 8 completes US$8.3 million equity financing
As reported on June 11, Hut 8 plans to sell its stock to raise $7.5 million to upgrade its BlockBox miners by purchasing the most competitive and efficient chips on the market.
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