Star Project Weekly | StarkNet Alpha will launch the mainnet in November; Aave and Curve will land on Avalanche (9.27-10.10)
During the two weeks from September 27th to October 10th, the events worthy of attention in the progress of star projects include: EMURGO will invest 100 million US dollars to promote the ecological development of Cardano; Algorand released its virtual machine AVM to improve the performance of its smart contracts; Ethermint of Cosmos will be upgraded to Evmos, the Cosmos EVM compatibility center, and the main network will be delivered in the fourth quarter; the decentralized lending protocol Aave has been deployed to the public chain Avalanche; Curve has launched Avalanche and opened liquidity mining rewards; StarkWare announced the expansion of ZK Rollup The program StarkNet Alpha will be launched on the Ethereum mainnet in November; the Ethereum expansion program Optimism announced that OVM 2.0 will be deployed to the mainnet on October 28.
public chain
public chain
EMURGO will invest 100 million US dollars to promote the development of Cardano ecology
EMURGO, the founding entity of the Cardano protocol, announced that it will invest 100 million US dollars to promote the development of DeFi, NFT solutions and blockchain education in the Cardano ecosystem. EMURGO Africa and EMURGO Ventures, the new investment vehicles of EMURGO, have made seed round investments in African venture capital studios Adanian Labs, Adaverse, and Cardano sidechain solution Milkomeda, which focus on the Cardano project. The investment amount is undisclosed.
Ripple Announces $250M Creator Fund to Explore New NFT Use Cases at XRP Ledger
According to official news, Ripple announced the launch of a $250 million Creator Fund to enable creators to explore new NFT use cases on XRP Ledger (XRPL). Creators will receive: financial and co-marketing support, technical support for XRPL-based NFT experiences, creative support for producing high-quality NFT projects.
Algorand releases AVM, its virtual machine, aimed at improving its smart contract performance
Algorand released its virtual machine AVM, which aims to improve the performance of Algorand-based smart contracts. AVM will also make it easier for new developers to develop programs on the Algorand chain.
Paul Riegel, chief product officer of Algorand, said that AVM simplifies the processing of smart contracts for escrow payments, the ability to send transactions, and their handling of transaction slippage. AVM also improves functions such as authentication of cross-chain bridges. (CoinDesk)
Fantom announces expansion of 370 million FTM incentive program to blockchain games
According to official news, Fantom announced that it will expand the 370 million FTM incentive plan to blockchain games.
Earlier news, the smart contract platform Fantom announced the launch of an incentive plan, which will invest 370 million FTMs to better adjust the incentives between users, builders and the network.
Ethermint developed by Cosmos will be upgraded to Evmos due to trademark issues and scope expansion. Evmos will serve as the EVM Hub of Cosmos, allowing smart contracts to be easily deployed and communicated in Cosmos. By the end of this year, Evmos will deliver the mainnet with full EVM compatibility in Cosmos. Specifically, Evmos will interoperate with the Ethereum mainnet, EVM compatible environment, and other BFT chains through IBC, allowing users and developers to easily transfer between blockchain chains with ease.
Originally conceived in October 2016, Ethermint has achieved the original goal of bringing the scalability of the Tendermint consensus protocol to Ethereum or EVM-based applications.
NEAR Launches Private Sharding Solution for Enterprises
NEAR Protocol announced the launch of a private shards (Private Shards) solution for enterprises. It is reported that this solution can create a private shard on NEAR for institutions (such as hospitals, schools, etc.) or enterprises to meet the needs of different groups for data on-chain, without having to build a blockchain from scratch. Enterprises can also create applications on their private shards that are of the same nature as other smart contracts on the NEAR chain, which allows creators to build front-ends that can interact with these smart contracts, including sending transactions across private and public shards.
DFINITY Foundation Announces Open Source Network Nervous System Front-End Dapp
According to official news, the R&D team of the DFINITY Foundation announced that the front-end Dapp of the Network Nervous System (NNS) is now open source. It is reported that the NNS front-end Dapp allows users to send and receive ICP tokens, participate in NNS governance, and create canister smart contracts.
The EOS Foundation announced the latest roadmap, which will launch EVM+ in 2022
News On October 1, the EOS Foundation issued a document explaining the development direction and future planning of the project. The detailed roadmap is planned as follows:
1. October 2021: Launch brand cooperation on a global scale;
2. October 2021: Core business sponsorship starts;
3. October/November 2021: Launch of ecological support fund;
4. November 2021: Launch foundation brand promotion;
5. December 2021: Launch the foundation website;
6. December 2021: release the core business yellow paper;
7. Winter/spring 2022: audit + launch;
8. Spring 2022: wallet + launch;
9. Spring 2022: Docu+ launch;
10. Spring/Summer 2022: API+ launch;
11. Summer/Autumn 2022: EVM+ launch;
12. To be determined: EOSIO+ launch.
The first round of the EOS Foundation funding program will be launched soon, with 34 projects receiving US$3.4 million. In addition to Eden’s first on-chain election recently reported by EOS GO, areas funded by the EOS Foundation include: core infrastructure, improved developer tools and user experience, security, education and technical knowledge, and media outreach. According to the latest news from executive director Yves La Rose, 34 eligible projects have been selected to receive EOS donations worth $100,000 each, for a total of $3.4 million.
All projects that have received Block. One grants are excluded from this funding round. However, the foundation said that these projects will also be considered in the future when donations are made available through the Pomelo platform. (EOS GO)
Centrifuge Pioneer Network Altair Wins Kusama Network's 9th Parachain Slot
According to Subscan data, Altair, the Centrifuge network, won the ninth parachain slot auction on the Kusama network.
As of now, the 9 parachains that have won the Kusama slot are Karura, Moonriver, Shiden, Khala, Bifrost, KILT, Calamari, Basilisk, and Altair.
Parallel-Heiko Wins Kusama Parachain 10th Card Slot Auction
DeFi and related infrastructure
DeFi and related infrastructure
The decentralized lending protocol Aave has been deployed to the public chain Avalanche
The decentralized lending protocol Aave announced that it has been deployed to the public chain Avalanche (AVAX) network, becoming the third blockchain network supported after Ethereum and Polygon. Aave said that at the beginning of the launch, the community guardians selected by Aave Governance will hold the administrator rights of the Avalanche version of Aave, and then the rights will be handed over to Aave Governance. In addition, Ethereum users can transfer assets to Avalanche through the cross-chain bridge, and recharge to the Aave protocol.
Curve has listed Avalanche and opened liquidity mining rewards
According to official news, the stable currency exchange platform Curve announced that it has launched Avalanche (Avalanche Protocol) and opened liquidity mining rewards. Currently, it has opened a three pools containing assets aDAI/aUSDC/aUSDT, and a second pool containing assets aaWBTC/renBTC. And a mixed exchange pool containing assets DAI/USDC/USDT/wBTC/wETH.
SushiSwap announces imminent launch of next-generation AMM Trident
According to official news, SushiSwap announced that it will soon launch the next generation of AMM Trident, and is looking for users in the encryption community to test and provide feedback.
MakerDAO founder proposes launching Sagittarius Engine, a new token economy system
MakerDAO founder Rune Christensen, when the community proposed to make DAI an environmentally friendly currency (Clean Money), also proposed to launch a new token economic system called Sagittarius Engine (Sagittarius Engine) to release the "superpower of DeFi". He believes that DAI needs to be backed (mortgaged) by sustainable assets or climate-resilient assets to prevent further deterioration of the climate and resist the economic losses that have already occurred. Christensen said that in order to unlock the potential of this vision, Maker needs to get involved in yield farming (liquidity mining) and completely revamp MKR's token economics, proposing to launch a token economics system called Sagittarius Engine, the core value of which is The proposition is that there are tangible benefits for those holders who lock up MKR for the long term.
Banteg, the core developer of yearn.finance (YFI), posted a post to solicit opinions on YFI token economics. He said that the development of the v3 protocol is still at a stage of sufficient plasticity, and the current stage is suitable for discussion. The direction of opinions includes token splitting, liquidity Mining, tail release, veCRV-style locking, etc.
DEX aggregator 1inch has started restricting US-based IP addresses. While the platform has restricted U.S. users in its terms of use since April, the restriction was only recently implemented on a technical level, a move meant to pave the way for its new U.S. launch. 1inch Network’s ongoing Series B funding round has grown to $175 million (previously planned for $70 million), according to a 1inch Foundation representative. A significant portion of these funds will be used to develop and launch 1inch Pro products designed for the US market and global institutional investors, which will comply with all regulatory requirements. (The Block)
Alpha Finance's perpetual trading protocol AlphaX has been launched on the Ethereum test network
Alpha Finance Lab, a cross-chain DeFi platform, announced that its perpetual contract trading protocol AlphaX has officially launched on the Ethereum testnet. The new version of AlphaX is different from the old version. The old version of AlphaX is a pure perpetual contract product, while the new version combines the advantages of perpetual contracts and leveraged tokens, and introduces the concept of "Strike Tokens", forming a new, native Derivatives trading methods, and lower the threshold for derivatives transactions.
Decentralized Synthetic Asset Protocol UMA Launches SMART Alpha KPI Option Pilot
UMA, a decentralized synthetic asset protocol, announced the launch of SMART Alpha's KPI option pilot, aiming to test SMART Alpha's secondary market liquidity. It is reported that this pilot will last until November 3rd, during which two KPI options will be issued in parallel, respectively for users who deposit WETH on Balancer Labs and deposit WBTC on SMART Alpha. 3,500 each of the two KPI options will be issued through the liquidity agreement on the BarnBridge interface, and the linear distribution will be completed before November 2.
The non-custodial exchange DeversiFi released a post-mortem analysis report on a transaction that previously included 7676.62 ETH Gas fees, saying that potential problems in the EthereumJS library are in some cases combined with changes in Gas fees related to EIP-1559 upgrades, and possible problems with Ledger hardware wallets. Display issues, which may result in extremely high transaction fees. When this happens, only wallets with very large funds will be affected, and other users will show that the transaction failed when they transact. In addition, after Bitfinex negotiated with the miners, the miners have returned 7626 ETH, and the remaining 50 ETH was provided to the miners as a return fee. DeversiFi is working with the Ethereum community and Ledger to avoid such incidents from happening again.
Stablecoin Exchange Protocol Shell Protocol Releases V2 Version Roadmap
The stablecoin exchange agreement Shell Protocol released the V2 version roadmap. The V2 version mainly has two modules: a transaction logic layer for determining the exchange rate and an accounting layer for tracking balances and transferring tokens. Shell will first release a white paper on the bonding curve and a reference on how to implement it through Solidity in the next few weeks. The next step is to launch a complete V2 protocol, including the bonding curve engine and accounting layer. This step will be based on stable coins. base to expand. The final step is the full launch of Shell V2, a process that includes mature liquidity mining and governance modules, as well as the launch of the protocol’s governance tokens. Shell Protocol is a stablecoin exchange protocol that aims to create a liquid currency system for stablecoins through a novel automatic market-making mechanism.
According to official news, the Ethereum Layer 2 interoperability protocol Connext announced that it has launched its general cross-chain transaction protocol NXTP on the main network, and supports Arbitrum, Polygon, xDai, Fantom, and Binance Smart Chain.
It is reported that Nxtp is the basic protocol for transferring assets and calling contracts between Ethereum domains (chain + L2s).
Decentralized content publishing platform Mirror launches governance mechanism Token Race
secondary title
Layer2
News StarkWare officially announced that the ZK Rollup expansion solution StarkNet Alpha will be launched on the Ethereum mainnet in November. StarkNet Alpha on mainnet will support similar functionality to the Goerli public testnet. Since StarkNet is still in the development stage, StarkWare wants to gradually introduce new features and ensure that each step can meet the expectations of developers,
The Ethereum expansion program Optimism recently announced that version 2.0 of its OVM (Optimism Virtual Machine) will be deployed to the Kovan test network on October 14 and to the Ethereum main network on October 28. There may be 4 to 6 hours of downtime .
Polygon increased the Gas Price from the default 1 Gwei to 30 Gwei
The Ethereum expansion plan Polygon increases the Gas Price from the current default 1 Gwei to 30 Gwei to reduce the number of spam transactions in the Polygon network. At present, the Polygon team has completed this change in the running nodes, and validators can freely choose their own minimum Gas Price. At the same time, since this is a client-level configuration, validators are free to use the old gas price according to their own wishes. Set up the running node.
Boba Network, the second-layer expansion network of Ethereum, officially announced that BOBA tokens will be traded 1:1 on November 19, 2021, one week after the snapshot, according to the snapshot results on November 12, 2021 (the specific block height is to be confirmed). OMG token holders will be airdropped to OMG token holders, and for every OMG token they hold, they will receive 1 BOBA token.
BOBA will be used for the governance of Boba Network, and its initial circulating supply will be equal to the supply of OMG, which is 140 million pieces. As time goes by, the circulating supply of BOBA will gradually increase within 4 years, eventually reaching 500 million pieces maximum supply.
NFT
Slovenia to Provide NFTs to Dubai Expo Visitors
Slovenia has become the first country in the world to issue its own NFT. These NFTs will be given away to visitors to the Slovenian pavilion at the Expo, which opens in Dubai on October 1. Announcing the project at European Blockchain Week, Secretary of State Simon Zajc said that it will make Slovenia one of the most advanced digital nations that see the development of blockchain as the technology of the future. He noted that these NFTs will also provide opportunities for the development of digital competence of individuals and companies, as each visitor will be able to create their own digital wallet based on Slovenian blockchain technology. (Total slovenia news)
TikTok launches first NFT series TikTok Top Moments
TikTok, a short video social platform owned by ByteDance, announced the launch of the first NFT series "TikTok Top Moments". The relevant NTFs are designed by community-defined creators and inspired by popular videos created by them. Lil Nas X will be the first creator to launch its one-on-one and limited-edition NFT with artist Rudy Willingham, and the related works will be sold on October 6th. Among them, the one-to-one NFT will be available on Ethereum, and the limited edition NFT will be powered by Immutable X.
NFL, NFLPA and Dapper Labs Plan to Launch NFT Marketplace for American Football
The National Football League (NFL), NFL Players Association (NFLPA) and Dapper Labs are planning to launch an NFT marketplace for American football. According to the Sports Business Journal, anonymous sources revealed that the NFL and NFLPA will acquire the equity of Dapper Labs, and it is expected that the new American football NFT market will be launched before the end of this year's football season (early January 2022). Similar to the popular NFT platform NBA TopShot, the new platform will allow users to buy and sell trading card NFTs of NFL sports highlights. Note: Dapper Labs is the creator of popular NFT projects such as NBA Top Shot and Crypto Kitties.
SBI Holdings Acquires NFT Marketplace Operator SmartApp, Enters NFT Field
Japanese financial giant SBI Holdings has officially entered the NFT field by acquiring SmartApp, an NFT market nanakusa operator. After SmartApp is acquired, it will be renamed SBI NFT Co., Ltd. SBI Group holds 80% of the shares, and the SBI NFT service will be launched in February 2022. (Nihon Keizai Shimbun)
According to Messari data, Axie Infinity’s total revenue in the third quarter of this year was US$781.6 million, an increase of 48 times compared to the total revenue in the second quarter (US$15.9 million).
MekaVerse NFT was launched for 6 hours, and the trading volume exceeded 10,000 ETH
According to Nansen Twitter, the NFT project MekaVerse was officially launched at 5 am Beijing time on October 8. The trading volume reached 13,115 ETH within 6 hours of going online, and the current floor price is around 5.4 ETH.
CryptoPunk #9997 sold at Christie's for HK$33.85 million
In the auction held by Christie's with the theme of "No Time Like Present", CryptoPunk #9997 was finally sold at a price of 33.85 million Hong Kong dollars, far exceeding Christie's estimated highest transaction price of 6.8 million Hong Kong dollars.
security incident
security incident
Decentralized lending protocol Compound Liquidity Mining has abnormal token distribution
Compound, a decentralized lending protocol, stated on Twitter that after the implementation of Proposition 062, the liquidity mining of the protocol experienced an abnormal distribution of COMP tokens, and no risks have been found in deposits and borrowing funds.
POAP Minting System Hacked, Several POAPs Are Fraudulently Issued and Sold
On-chain badge protocol POAP said its minting system was hacked on Sept. 29, and several POAPs from XCOPY and Polygonal Mind were fraudulently issued and sold. POAP has burned the relevant NFT at the request of the artist, and will compensate the damaged parties.
