Star Project Weekly | Uniswap V3 smart contract has been deployed to the mainnet; Kusama network adds parachain function (4.26-5.5)
During the week from April 26th to May 5th (including the May Day holiday period), the progress of star projects is worth noting: the Uniswap V3 smart contract has been deployed to the mainnet; Gavin Wood officially added the parachain function to the Kusama network The Maker Foundation returned 84,000 MKR development funds to MakerDAO; the DFINITY governance token ICP will be listed on Coinbase Pro on the first day of public offering; the Ethereum expansion solution Polygon launched a $100 million fund to support DeFi adoption.
public chain
public chain
Gavin Wood Officially Adds Parachain Functionality to Kusama Network
Gavin Wood, the founder of Polkadot, has officially deployed the parachain module to Westend and Kusama Runtimes, which means that Parity has added the function of the parachain to the Kusama network, and the next Kusama upgrade will support the parachain. This is the first step in the launch of the Kusama parachain. Next, there will be governance voting and other deployments of whiteboard chains, public welfare parachains, etc., and then the registration of parachains that support project parties will be launched, that is, the auction of parachain slots will be launched. (Polkaworld)
DFINITY governance token ICP will land on Coinbase Pro on the first day of public offering
DFINITY Internet Computer Protocol's governance token ICP will land on Coinbase Pro on the first day of public offering and will be supported by Coinbase Custody. Coinbase Pro will enable ICP deposit before trading. The specific trading time of ICP on Coinbase Pro will be announced separately. Except for New York State, ICP can be traded in all regions supported by Coinbase Pro.
News Block.one recently commissioned the well-known consulting firm Prysm Group to analyze the impact of the pledge reward model on the EOS public chain. This analysis is not a plan, but a suggestion to the EOS community.
Algorand Foundation Provides Grant to Cross-Chain Protocol pNetwork to Build Cross-Chain Bridge
pNetwork, a cross-chain protocol, announced that it has received a grant from the Algorand Foundation to create a pNetwork-powered bridge that connects Algorand with external assets and ecosystems. Through the interoperability infrastructure built by pNetwork, the Algorand blockchain strives to improve interactions with other open source blockchains. (Coin Gape)
NEAR account trading market Near.bet has been launched
NEAR engineer Alex Kouprin announced the launch of Near.bet, an account trading market for the NEAR network, based on which users can trade their NEAR accounts (such as apple.near) in public auctions. At present, more than 60 accounts are being auctioned in the market, and the project has also been open-sourced.
Binance Smart Chain (BSC) integrates ChainLink VRF on mainnet as an oracle solution
Binance Smart Chain (BSC) integrates ChainLink VRF (verifiable random function), as an oracle solution.
Justin Sun said that the TRON Apollo Wanchain Interconnection will be launched soon. Apollo is an ever-expanding interconnected application and ecological service system developed by TRON, aiming to build a decentralized future. In the future, any project interested in TRON's cross-chain ecology can easily and quickly deploy parachains through the Apollo cross-chain slot.
Privacy AI Computing Network PlatON Mainnet Officially Released
According to official news, on April 30, 2021, the privacy AI computing network PlatON mainnet released a community vote at 12:29 noon, and 731 out of 907 votes were supported, and the community license was obtained with a support rate of 80.6%. According to the PlatON mainnet release process, the current pre-deployed network has officially become the mainnet when the community voting support rate exceeds 50%.
DeFi and related infrastructure
DeFi and related infrastructure
Uniswap V3 smart contract has been deployed to the main network
The Uniswap V3 smart contract has been deployed to the Ethereum mainnet, and a fund pool can be created through the factory contract.
Uniswap is fighting back against SushiSwap, according to Twitter user JuanSnow, who created a migrator for liquidity providers to migrate SushiSwap LPs to Uniswap V3.
The Maker Foundation returns 84,000 MKR development funds to MakerDAO
On May 3, the Maker Foundation returned 84,000 MKR (approximately $464 million) from the development fund to MakerDAO. These MKR tokens have been transferred to the DSPause Proxy smart contract in the governance module and are now under the control of Maker governance. Just as the MKR token contract was handed over to Maker governance in March 2020, MKR’s refund is another critical step in the process of further decentralization, the blog post said.
On the same day, MakerDao released its financial report for April 2021. According to the report, MakerDao's current asset size is close to US$4 billion, and its monthly net income in April exceeded US$12 million.
Aave Community Proposal Launches Aave Grants DAO to sponsor Aave community optimization proposals
The Aave community proposed the AIP-17 proposal, proposed to launch the Aave Grants DAO, and sponsored the optimization proposal of the Aave community. The Aave Grants DAO will last for two quarters, with a donation budget of $1 million for each quarter and an executive budget of $250,000 for the two quarters. The executive budget will be used to pay for leaders, inspectors, lawyers and other administrative costs. Currently, the AIP-17 proposal is on the ballot. Once the proposal is passed, 2809 AAVE will be transferred from the ecological reserve to the Grants DAO multi-signature account.
1inch Network announced the launch of the iOS version of 1inch Wallet
According to official news, 1inch Network announced the launch of the iOS version of 1inch Wallet (1inch Wallet), which includes web version and mobile wallet functions.
In addition to the simplicity of the mobile terminal, the 1inch wallet also provides users with the main advantages of using 1inch on a daily basis. Users can use the same setup and aggregation functions of 1inch DApp on Ethereum and Binance Smart Chain network to instantly exchange tokens at the best price in DeFi. Additionally, the 1inch wallet for iOS supports stealth transactions within the Ethereum blockchain.
Kava announces that it will launch Kava Swap, a liquidity center
According to official news, Kava announced that it will launch Kava Swap, a liquidity center that connects DeFi, blockchain and financial services.
Algorithmic stablecoin project Basis Cash announced that Basis V2 has been launched
According to official news, the algorithmic stable currency project Basis Cash announced that Basis V2 has been launched, and 20 million BACs have been deposited into the treasury supported by Pickle Finance.
DeFi Fixed Rate Generation Protocol 88mph (MPH) releases Ethereum v3 contract
The DeFi fixed rate generation protocol 88mph (MPH) released the Ethereum v3 contract, so that the token ID of ERC-1155 tokens is also ERC-20, and users can trade ERC-1155 tokens.
Decentralized Derivatives Trading Protocol Vega Launches V3 Testnet Fairground
Decentralized derivatives trading protocol Vega announced the launch of the V3 testnet Fairground. Fairground is a high-performance derivatives layer in the Web3 space, users can try Vega, use the Vega console application, or build on top of the decentralized API, try order book liquidity mining and create permissionless markets.
OpenOcean now supports viewing the number of airdrops in the first round
According to official news, OpenOcean now supports viewing the number of airdrops in the first round. Users who meet the conditions of at least 4 cumulative transactions on OpenOcean or a cumulative transaction amount of 40 USDT before 23:59:59 on March 8, 2021, can register at Connect to the wallet on the official website to check the number of airdrops. Claims are supported when OOE is online.
It is reported that OpenOcean is the first fully-aggregated protocol that connects DeFi and CeFi. It also provides APIs for users, supports users' specific investment strategies, and provides institutional investors with a tailored user interface.
The USDC operating company Center Consortium announced that it has upgraded the USD Coin (USDC) protocol and smart contracts on the Ethereum blockchain. The new version (version 2.1) will automatically prevent users from sending USDC to smart contracts. In addition, Center Consortium also launched a recovery service for USDC sent to the Ethereum smart contract address by mistake.
Layer 0 extension project Marlin enables gateways and relays for Cosmos
secondary title
Layer2
Ethereum scaling solution Polygon launches $100 million fund to support DeFi adoption
Ethereum scaling solution Polygon (formerly Matic) launched a $100 million fund with the aim of making DeFi more accessible to end users. According to the announcement, the fund will focus on effectively onboarding users into decentralized products and platforms. Funding in the form of MATIC tokens will come from the network’s ecosystem fund and will be deployed over the next 2-3 years. (CoinDesk)
Celer Network will cooperate with StarkWare to develop Layer2.finance ZK Rollup version
Celer Network, an Ethereum layer 2 expansion project, announced a partnership with StarkWare, a zero-knowledge proof research institution. The two parties will use StarkWare's Cairo programming language to develop a ZK Rollup version based on zero-knowledge proof for the expansion solution Layer2.finance. Celer released the 0.1 version of Layer2.finance to the Ethereum mainnet last week. The expansion plan is currently based on the Optimistic Rollup concept. After the cooperation between the two parties, the ZK Rollup version will be developed for Layer2.finance, and StarkWare will use its StarkNet network and Celer's State Guardian Network (State Guardian Network) as the decentralized operation layer of the ZK Rollup version of Layer2.finance. The plan is to launch as soon as later this summer.
Ethereum expansion program SKALE Network announced that after the Denali mainnet upgrade, the SKALE chain has been launched on the mainnet. Denali is the first major upgrade after the launch of the SKALE mainnet, making the SKALE network a multi-chain network that operates together through native integration with Ethereum. SKALE stated that the SKALE chain is a blockchain created by the Ethereum blockchain, which is native to Ethereum, which means that certain key functions are dependent on Ethereum.
Layer 2 expansion plan Hermez will airdrop 10 HEZ tokens to the ninth round of Gitcoin donors
Ethereum Layer 2 expansion program Hermez announced that it will airdrop HEZ tokens to the donors of the ninth round of Gitcoin, and will award 10 HEZ to each account of more than 12,000 accounts in total, as long as they donate more than $1 in the ninth round of Gitcoin . The airdrop will take place on May 4th, and currently only supports MetaMask wallets. Hermez said that there will be other types of airdrops in the future.
Ethereum state channel scheme Raiden Network launches 2.0 beta client
Raiden Network, the Ethereum state channel expansion solution, launched the Alpha test version of Python client version 2.0 as the next major version update of Raiden Network. The team reminds that it is still an early version, do not run it on the Ethereum mainnet, and version 2.0 will not be compatible with any earlier versions.
The Plasm Network, the second-layer expansion protocol of Cypolka, tweeted that it has integrated the Ethereum development environment tool Hardhat, and users can use Hardhat to deploy Ethereum smart contracts on the Plasm Network.
NFT
Following NBA Top Shot, Dapper Labs plans to cooperate with star avatar technology company Genies to launch the next NFT market platform "Genies Marketplace" on the Flow chain. Celebrities and eventually all platform users can create and sell their "digital doubles" Digital wearable NFT collectibles. Genies will also regularly launch various challenges to users, which can unlock special equipment. Dapper Labs and Genies hope to launch a beta version in the third quarter of this year. Financial details of the deal were not disclosed. (Forbes)
Justin Sun's JUST NFT Fund launched the world's first Picasso NFT
Justin Sun, founder of TRON and CEO of BitTorrent, recently announced that the JUST NFT fund he founded has officially launched the NFTization of the first batch of collections including Picasso's works. The ownership of the collections has been mapped to the TRON chain through the TRC-721 standard. And it is permanently stored on the TRON public chain and BTFS decentralized storage system, which marks the "first show" of Picasso's works on the blockchain in history.
The NFT auction price on OpenSea set another record. "Warriors 6x World Champion Ring NFT & Physical Ring" was sold at a price of 285.1111 ETH. If calculated at the current price of ETH of about 3050 US dollars, it is worth about 870,000 US dollars.
security incident
security incident
Slow Mist: The DeFi project Uranium was "hacked", and the problem occurred on the pair contract
According to news from the SlowMist area, the Binance smart chain project Uranium was "hacked" and the loss amounted to 50 million US dollars. The SlowMist security team immediately intervened in the analysis and shared it for your reference in the form of a newsletter:
This time the problem occurred in the pair contract of the Uranium project. The swap function part of the contract logic refers to the logic of PancakeSwap, allowing users to lend funds through flash loans. However, when the function checks the contract balance according to the constant product formula, there is a problem of precision processing errors, resulting in the balance calculated in the final contract being 100 times larger than the actual balance of the contract. In this case, if the attacker uses the flash loan to borrow , only need to return 1% of the loan amount to pass the inspection, and steal the remaining 99% of the balance, resulting in project losses. At present, the Uranium official has issued a document confirming the theft, and recommends users to contact the official statistics of the loss.
PeckShield: DeFi Project Spartan Hacked, Losing $30 Million
According to news on May 2, the DeFi project Spartan was attacked by a hacker's flash loan, and the attacker took away 30 million US dollars. CoinHolmes, an anti-fraud situational awareness system under PeckShield, will continue to monitor the flow of stolen assets.
PeckShield: Value DeFi was hacked and the vStake pool was affected
The DeFi protocol Value DeFi was attacked by hackers. PeckShield located and tracked and found that the attack originated from a code loophole in Value DeFi’s ProfitSharingRewardPool contract, and its vStake pool was affected. PeckShield reminds investors to invest cautiously.
According to the official announcement of Hotbit, starting from 8:00PM (UTC) on April 29, it suffered a serious network attack, which paralyzed some basic services. The attackers also attempted to hack into Hotbit's wallet, which Hotbit said was identified and blocked by the risk control system. The Hotbit team has decided to shut down all services immediately for inspection and recovery, and the entire recovery period is expected to be no less than 7 days. Hotbit stated that all assets are safe.
Trading, lending, and income aggregation platform Dekbox suffered a DDoS attack
According to official news, the Dekbox website, a transaction, lending, and income aggregation platform, suffered a DDoS attack, making it inaccessible. Dekbox stated that there is no problem with the funds and the security of the contract is not affected.
