During the week from December 20th to December 26th, the events worthy of attention in the progress of star projects include:The amount of DeFi lockups on the Terra chain exceeds that of BSC, ranking second among the public chains；Polkadot’s Second Batch of Parachain Slot Auctions Begin；Dogecoin Foundation Releases Dogecoin Roadmap；StarkWare publishes an article introducing the Layer 3 expansion solution；The MetaMask browser plug-in version will soon support NFT；The Uniswap V3 contract has been officially deployed to the Polygon mainnet；OpenDAO Airdrops SOS Tokens to OpenSea Trading Users。
Bottom layer - public chain
Bottom layer - public chain
On December 20, according to Defi Llama data, the current DeFi lockup volume on the Terra chain reached 17.26 billion US dollars, surpassing BSC, a record high, and ranking second among public chains.
At present, the top 5 public chains with locked positions are Ethereum ($149.39 billion), Terra ($17.26 billion), BSC ($16.43 billion), Solana ($11.72 billion), and Avalanche ($11.71 billion).
Polkadot’s Second Batch of Parachain Slot Auctions Begin
Polkadot officially tweeted that the second batch of parachain slot auctions has started, auctions 6-11 will be held in the next 12 weeks, and a new auction will start every two weeks. There are currently 12 parachains involved.
Sakura Finance Wins 18th Kusama Parachain Slots Auction
According to the official news, the 18th auction of Kusama has ended, and Sakura Finance successfully won the 20th slot of Kusama by locking 17,416 KSM to access the Kusama relay chain and produce blocks in the form of a parallel chain.
Dogecoin Foundation Releases Dogecoin Roadmap
The Dogecoin Foundation released the Dogecoin Roadmap (Trailmap), as follows:
1. The Dogecoin.com website will be redesigned, the key to the redesign will be the Dogepedia section.
2. Create the Dogecoin building block C library Libdogecoin, which allows anyone to build Dogecoin-compliant products without worrying about the deeper details of cryptographic functions.
3. Create Dogecoin Standard. The Dogecoin Standard aims to fully document the reference implementation (the core wallet), fill the "white paper" gap, and provide documentation for those trying to understand how Dogecoin works. For the first time, the Dogecoin protocol will be implemented in an way to express.
4. Create an open source project GigaWallet that will provide a node/API solution that can be set up in seconds and allow developers to add Dogecoin transactions to their platform.
5. Address community security concerns with a proposed Dogecoin Keyring application and SDK that will enable Dogecoin users to retain custody of their Dogecoin while integrating with the GigaWallet API for mobile applications Dogecoin transactions can be made without holding the keys.
6. The foundation is also working with Vitalik Buterin to develop a unique Doge proposal for the "community staking" version of PoS, which will allow everyone (not just big players) to participate in running the network and earn Reward while giving back to the community at large through philanthropy.
According to official news, according to the regular upgrade policy, the ninth proposal of the Tezos protocol, Ithaca, has been announced. The proposal contains two major protocol updates, as well as many minor improvements. The main contents are as follows:
Ithaca is said to be Tezos' biggest update so far, and testing is critical. A testnet called Ithacanet will be launched in the next few days. It is critical to get as many bakers as possible to participate in this testnet by running nodes, generating blocks, and deploying applications. Officials are looking for more bakers to participate immediately.
In addition, the official strongly recommends interested parties to test Tezos-based applications to check for compatibility issues with Ithaca. The configuration of Ithaca and its test network Ithacanet will be included in the Octez v12 release.
Bottom-Layer2
Bottom-Layer2
StarkWare publishes an article introducing the Layer 3 expansion solution
StarkWare issued an article introducing the Layer 3 expansion solution, the main points are as follows:
1. Recursive proofs open up surprising and novel design options;
2. Introduce L3 (application-specific layer), recursively build on the basis of L2;
3. L3 meets the customization needs of the application, such as hyper-scalability, better control of the technology stack, and privacy;
4. StarkEx, the L2 solution customized by StarkWare for customers, will be transplanted to L3;
5. Standalone instances of StarkNet will also adopt the L3 scheme.
infrastructure components
infrastructure components
The MetaMask browser plug-in version will soon support NFT
MetaMask officially tweeted that its browser plug-in version will soon support NFT. Team members are putting the finishing touches on NFT collectibles related features to align with the MetaMask mobile app.
Cross-chain bridge protocol Multichain completes $60 million financing, led by Binance Labs
Cross-chain bridge protocol Multichain completes $60 million financing, led by Binance Labs
Binance Labs said that in addition to financing support, Multichain has also established a partnership with BSC, which will help promote Multichain and support Multichain cross-chain bToken bridging.
Binance Labs said that in addition to financing support, Multichain has also established a partnership with BSC, which will help promote Multichain and support Multichain cross-chain bToken bridging.
On Wednesday, Psychedelic, a Web 3.0 development studio that builds solutions for DFINITY Internet Computer (Internet Computer), released Terabethia, a cross-chain contract communication and asset mirror protocol.
This will allow users to mirror and spend any Ethereum token on the internet computer blockchain and vice versa. This would effectively turn the Internet Computer into an Ethereum Layer 2 scaling solution.
Ethereum cross-chain protocol Across Protocol announces support for L1 and L2 two-way bridging
On December 23, the Ethereum cross-chain protocol Across Protocol tweeted that it has supported two-way bridging through the integration of Ethereum’s second-layer expansion solutions Optimism, Arbitrum and Boba Network, allowing assets to be sent from L1 to L2, or from L2 Send to L1.
On December 20, ENS DAO passed the EP4 proposal, which will create a basic working group and formulate relevant rules. The Foundation Working Group will be used to manage work related to the DAO without passing every initiative or decision of the DAO as a proposal. It is reported that ENS DAO will set up four basic working groups: Meta Governance, ENS Ecosystem, Community, and Public Goods.
Terra Name Service (TNS), the ecological domain name service of Terra, will launch TNS tokens.
It is reported that TNS is both a governance token and a revenue sharing token. TNS stakers will receive a portion of service provider fees as well as TNS staking rewards.
Ethereum push service EPNS mainnet will be launched on January 11
Application layer - DeFi
Application layer - DeFi
The Uniswap V3 contract has been officially deployed to the Polygon mainnet
Uniswap and Ethereum scaling solution Polygon announced Wednesday that all Uniswap V3 contracts have been officially deployed to the Polygon mainnet, days after UNI holders voted to approve the governance proposal. (CoinDesk)
Liquidity staking protocol Lido integrates Chainlink price feed
According to official news, Lido, the liquidity staking protocol, announced that it will use stETH/USD Chainlink to feed prices. stETH is the platform’s tokenized form of staked Ethereum, combining the value of staked deposits with staked rewards. According to the official announcement, the integration of Chainlink price feeds is expected to expand the utility of stETH.
After less than a month of deliberation and voting, at the Ethereum block height 13850929, two members of the decentralized autonomous organization (DAO) approved the merger of Rari Capital and Fei Protocol. The two projects will be merged and unified through token exchange. To TRIBE tokens, the Total Value Locked (TVL) will be $2 billion. (CoinDesk)
Application layer-NFT
Application layer-NFT
OpenDAO Airdrops SOS Tokens to OpenSea Trading Users
The NFT community OpenDAO launched an airdrop of SOS tokens to all OpenSea trading users. Users who have previously traded on OpenSea can receive them. The share of tokens that users can obtain is related to the number of transactions and the amount of ETH, DAI, and USDC spent. The system will calculate the weight based on the above indicators. Users need to claim SOS before June 30, 2022, after which the remaining tokens will be sent to the DAO treasury.
It is reported that the total supply of SOS is 100 trillion, of which 50% will be used for airdrops to OpenSea users, 20% will be used for pledge rewards, 20% will be used for the maintenance of the OpenDAO organization, and 10% will be used for liquidity mining award.
The official stated that the 20 trillion SOS allocated to OpenDAO will be used to compensate victims of fraud on OpenSea, support new NFT artists and the development of the NFT community, and provide funding to developers participating in the SOS ecosystem.
Instant messaging app LINE plans to launch an NFT trading market next year
The instant messaging application LINE plans to launch NFT services next year to provide companies and individuals around the world with an NFT trading market. It is currently operating its NFT market beta version independently through the LINE BITMAX wallet.
On December 17, LINE announced the establishment of LINE NEXT, which focuses on innovative technologies and expands the development of the global NFT ecosystem. It has established company operating bases in South Korea and the United States. South Korea focuses on the global NFT platform strategy, while the United States focuses on the development and operation of NFT platform business.
Vodafone's first text message NFT sells for $120,000 at Agutte Auctions
A few days ago, Vodafone's first text message NFT with the content of "Merry Christmas" was sold at Agutte Auction House for $120,600. Vodafone said it planned to donate the proceeds from the sale to the UN refugee agency. (Daily Sabah)
NBA superstar Stephen Curry releases "Genesis Curry Flow" series NFT on Polygon
Application Layer - Game
Application Layer - Game
Axie Infinity: The Token economic model will not be adjusted in the short term
The NFT game Axie Infinity posted on its official Twitter that it is very important for community members to understand Token prices, and everyone in the team understands this very well. However, the price of Token in the Axie Infinity ecosystem ultimately depends on the community members and the community to create long-term value for each other, and this is actually what Axie Infinity focuses on. Axie Infinity will not prioritize our small team, but focus on the long-term Build something bigger. In terms of SLP usability, Axie Infinity has also considered many other ideas, such as the need to use SLP Token when strengthening pet body parts (Body Part) props.
Solana's first mobile "move2earn" NFT game STEPN released a public beta version
According to official news, STEPN, Solana's first mobile "move2earn" NFT game, said that after a month of closed testing, the STEPN public beta version has been released and can be used on Android and iOS.
The game is currently giving away rare NFT Sneakers #00001-#10000 on the STEPN Discord channel. Eligible players can participate in the Hourly Quiz to win the rare "Issue Number" NFT Sneaker.
security incident
security incident
Liquidity management protocol Visor Finance was hacked, losing about $8.2 million
Visor Finance, the Uniswap V3 liquidity management protocol, was hacked again. Hackers used a reentrant vulnerability to drain 8.8 million VISR tokens, with a total loss of approximately $8.2 million. The Visor team shared details of the hack, noting that they discovered a vulnerability affecting its vVISR staking contract. The team added that no positions or management procedures were at risk. The incident primarily affected VISR stakers and token holders, as VISR has fallen by more than 95% since the attack. To compensate users, the Visor team announced that it will schedule migration dates based on snapshots taken before the hack. (Crypto Briefing)
The NFT project Monkey Kingdom was attacked and lost about $1.3 million SOL
According to the NFT project Monkey Kingdom, hackers stole $1.3 million in SOL from the community through Discord's security breach. Hackers first attacked Grape, a solution for authenticating users on Solana, exploiting the flaw to take over an administrative account that posted a phishing link in an announcement channel on the Monkey Kingdom Discord, the developers said. (Cointelegraph)
According to official news, Bent Finance stated that the attackers stole 513,000 cvxcrv LP tokens, and all users are advised to withdraw their MIM LP now. The cvxcrv and mim Curve pools on Bent are the affected pools, reward claiming for cvxcrv and mim pools has been disabled.
Fractal NFT project's Discord bot was hacked, losing about $155,000
Streaming platform Twitch co-founder Justin Kan’s Fractal NFT project was hacked before the bot used for the project’s Discord was launched. Attackers stole $154,800 after they sent a message in an announcement channel that contained a link to a fake website, and those who clicked on it were able to spend their cryptocurrency Solana (SOL) in what they believed to be a Fractal NFT Sol. (The Block)
Synthetic Asset Protocol Mirror on Terra Chain Suspected of Suspected Governance Attack
Twitter user @0xLorenz said that on Christmas Eve, Mirror, the synthetic asset protocol on the Terra chain, suffered serious governance attacks. The attacker initiated Proposition 185 in an attempt to steal $38 million worth of MIR tokens from the protocol.
This proposal was disguised as a governance request for in-depth cooperation with Solana in an attempt to defraud the community of consent; in addition, the attackers also initiated more than a dozen false governance proposals similar to No. 185 in an attempt to reduce the attention of Proposal 185 in order to muddle through.
The attack was an organized, premeditated, and carefully planned governance attack. The attacker manipulated millions of dollars worth of MIR tokens for voting fraud. In order to deceive others, the attackers deliberately chose the Christmas and New Year holidays when the community activity is low to launch the attack.
To help Mirror resist governance attacks, call on MIR holders to vote against Proposal 185 and Proposals 187, 188, 189, 191, 192, 198, 204, 206, 207, and 208 before the December 30 voting deadline. Attackers stole $38 million in MIR tokens.
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