Star Project Weekly | Aave proposes to deploy V3 version on StarkNet; The Sandbox plans to migrate to Polygon (12.27-1.2)
During the week from December 27th to January 2nd, the events worthy of attention in the progress of star projects are as follows:The Aave community proposes to deploy Aave V3 on StarkNet, the Ethereum expansion plan；NFT public chain Efinity wins Polkadot's 6th parachain slot auction；DEX aggregator Matcha clarifies the rumors of currency issuance: there is no such plan now and in the future；NFT service platform Project Galaxy launches NFT badge function；Co-founder of The Sandbox: Plan to migrate to Polygon in 2022 and launch DAO；YGG announces that it will launch subDAO tokens next year。
Bottom layer - public chain
Bottom layer - public chain
NFT public chain Efinity wins Polkadot's 6th parachain slot auction
At 20:52 on December 30th, the candle period of Polkadot network’s 6th parachain slot Auction ended. As throughout the entire candle period, Efinity was in the lead. So after the "rolling the dice" ended, at 23:36, Efinity won Polkadot's 6th Parachain Slot Auction by locking 7,695,300 DOT.
The 7th auction will start at 2:46 am on January 7, 2022. At present, among all active Crowdloan activities, the number of DOTs locked by the DeFi liquidity protocol Composable Finance ranks first.
Crust Network Wins 19th Kusama Parachain Slot Auction
On December 28th, the 19th auction of Kusama ended. Crust Network successfully won the 21st slot of Kusama by locking 30,026 KSM, connected to the Kusama relay chain, and produced blocks in the form of a parallel chain. It is reported that Statemine and Encointer were added after the 17th slot.
Bottom-Layer2
Bottom-Layer2
Polygon has eliminated C-level positions such as CEO and COO
infrastructure components
infrastructure components
Multichain's total transaction volume in 2021 will exceed $35 billion
Multichain, the cross-chain bridge agreement, tweeted that the total transaction volume of the platform in 2021 will exceed 35 billion US dollars.
Biconomy, the multi-chain trading infrastructure, stated on its official blog that it plans to launch the main network of the multi-chain relay protocol in the second or third quarter of this year. The protocol allows cross-chain contract calls and allows developers to build various use cases on the protocol itself. Including cross-chain transfers and gas-free transactions. At the same time, validators and executors are expected to be launched, and users will be able to pledge BICO tokens.
In addition, Biconomy plans to integrate functions into networks such as Solana, Fantom, Neon, Arbitrum, Optimism, and Boba, and introduce a dynamic fee mechanism for Hyphen. At present, Biconomy has processed more than 12.9 million gas-free transactions, with a total transaction volume of more than 1.08 billion U.S. dollars. Over 75 DApps have integrated this function. At the same time, a cross-chain transfer volume of 83 million U.S. dollars has occurred, and the number of independent addresses exceeds 15,000 .
Tezos Domains Project Tezos Domains Plans to Launch DAO in 2022
Tezos Domains, the Tezos domain name project, has announced plans to launch a DAO in 2022, according to official news.
EPNS mainnet will be launched on January 11
Application layer - DeFi
Application layer - DeFi
The Aave community proposes to deploy Aave V3 on StarkNet, the Ethereum expansion plan
According to official news, the Aave community proposes to deploy Aave V3 on the Ethereum expansion program StarkNet.
Aave founder: Aave is building a mobile wallet
According to Aave founder Stani Kulechov, Aave is building a mobile wallet.
According to official news, the DYDX Foundation released a review of Epoch 4. The total transaction volume of the dYdX second layer agreement exceeded 61 billion US dollars, the average daily transaction volume rose to 2.2 billion US dollars, the open interest at the end of the period fell slightly to 1 billion US dollars, and the TVL increased. to $943 million.
According to official news, SHIB announced that it will launch DOGGY DAO in stages, and announced the content of the first phase of DAO 1 (Beta). DAO 1 focuses on providing the community with direct power to decide the crypto projects and trading pairs on the ShibaSwap WOOF pool, and how the BONE rewards will be distributed among them.
In response to rumors that "DEX aggregator Matcha will issue tokens", Matcha officials responded on Twitter that they have no plans to issue tokens now or in the future.
Gnosis ecological DEX CowSwap will issue airdrops to GNO holders
Gnosis Chain (formerly xDai Chain) tweeted that Gnosis ecological DEX CowSwap will issue airdrops to holders of Gnosis native token GNO. CowSwap will take a snapshot of user addresses on January 9, 2022. Gnosis reminds users to exchange STAKE for GNO as soon as possible to get the airdrop.
According to previous reports, the Gnosis community voted to pass the GIP16 "Gnosis Chain-xDAI/Gnosis Merger" proposal on December 8. After the vote is passed, the xDAI chain will be renamed the Gnosis chain, and STAKE will also merge with GNO.
NEAR Announces DODO as DEX of Choice and Provides $7.5M in Incentive Funding Through Proximity Labs
On December 28, the decentralized protocol NEAR Protocol announced that DODO will be launched as its preferred decentralized exchange (DEX), and plans to provide $7.5 million through Proximity Labs (provided through its $350 million DeFi grant DAO) DODO Aurora Incentive Funding.
Cadano Foundation IOHK to Launch DeFi Lending Service in Africa in 2022
Application layer-NFT
Application layer-NFT
NFT service platform Project Galaxy launches NFT badge function
NFT service infrastructure platform Project Galaxy announced the launch of the NFT badge function Galaxy OAT (on-chain achievement token).
Galaxy OAT is a lightweight badge standard designed for event organizers and community managers. Through the Project Galaxy protocol, NFT badges can be distributed to community or event members and NFT can be created to enhance the sense of event participation.
The feature was jointly launched by Polygon and Polygon Studios, which supports NFT functionality, and is supported by IPFS and Filecoin for storage.
BAYC's market capitalization and NFT average price surpassed CryptoPunks at the same time
Nansen, an encryption industry analysis company, tweeted that the market value of Bored Ape Yacht Club (BAYC) and the average price of NFT surpassed CryptoPunks at the same time.
The data shows that the current market value of Bored Ape Yacht Club is 843,613 ETH (approximately US$3.22 billion), with an average price of 84 ETH; the market value of CryptoPunks is 670,236 ETH (approximately US$2.55 billion), with an average price of 67 ETH.
Jay Chou's trendy brand PHANTACi's first Phanta Bear NFT project was sold in about 40 minutes
According to official news, the Ezek platform, which focuses on creating a new generation of trendy art entertainment experience, announced that it will launch the first Phanta Bear NFT project of Jay Chou's trendy brand PHANTACi at 11:00 Beijing time today. All were sold within 40 minutes, and a total of about 300 ETH was burned.
Ferrari announces partnership with NFT service provider Velas
On December 27th, Ferrari announced a partnership with Velas Network AG. Velas will create exclusive digital content for Ferrari fans. In addition, Velas will become the title sponsor of the Ferrari Esports Series and the Prancing Horse Online Single-Brand Series. It is reported that Velas is a global player in the blockchain and NFT field, mainly creating and integrating digital products and services. (Globenewswire)
Miami nightclub E11EVEN buys BAYC #11 for nearly $400,000
E11EVEN Partners, the company behind Miami nightclub E11EVEN, announced Monday that it has purchased Bored Ape Yacht Club (BAYC) #11 for 99 ETH (approximately $396,000).
Application Layer - Game
Application Layer - Game
Co-founder of The Sandbox: Plan to migrate to Polygon in 2022 and launch DAO
Additionally, Borget said The Sandbox will launch a DAO for LAND owners in 2022. Once creators who hold LAND are able to build and share their interactive experiences, and the game migrates to Polygon, The Sandbox will be more widely available to the public, even for players who don’t own LAND, Borget said. (Decrypt)
Additionally, Borget said The Sandbox will launch a DAO for LAND owners in 2022. Once creators who hold LAND are able to build and share their interactive experiences, and the game migrates to Polygon, The Sandbox will be more widely available to the public, even for players who don’t own LAND, Borget said. (Decrypt)
YGG announces that it will launch subDAO tokens next year
On December 28, Yield Guild Games, a chain game association, announced that one of the decentralized autonomous organizations (subDAO) will launch SEA tokens through the Copper platform in 2022. (Tech In Asia)
Move to Earn game STEPN will launch the redemption function
security incident
security incident
According to official news, Polygon announced the relevant content about the recent network upgrade. Polygon stated that on December 3 and 4, two white-hat hackers reported a vulnerability in the Polygon PoS genesis contract on the bug bounty platform Immunefi. At block height 22156660, 90% of the main network upgrade of verification nodes has been completed. However, hackers still used this vulnerability to steal 801,601 MATIC before upgrading, and the foundation will bear the loss. In addition, Polygon paid a total of approximately $3.46 million in bounties to two white hat hackers.
Pie Shield: Rug Pull occurred in METADAO, loss of about 3.25 million US dollars
On December 27, according to the official news of Paidun, a Rug Pull occurred in METADAO, and the stolen funds (800 ETH, about 3.25 million U.S. dollars) have been transferred to Tornado.cash mixed currency. Paidun reminds all investors, please do not participate in this contract, if you have already joined, please withdraw it immediately.
According to official news, Vesper Finance stated that the No. 23 lending pool Vesper Lend beta launched on the interest rate agreement Fuse was attacked again. The attackers manipulated an oracle and drained a beta-testing lending pool of approximately $1 million in DAI, ETH, WBTC, and USDC. This is not an attack on the Vesper contract, no VSP or VVSP is at stake. Vesper has disabled lending of all tokens in Beta Vesper Lend Rari Pool #23 and also switched the oracle from VUSD/USDC to VUSD/ETH (Uni v3).
DeFi lending platform Eco DeFi is suspected of losing about $780,000 due to private key leaks
According to Paidun, the DeFi lending platform Eco DeFi suspected that the private key was leaked, which exhausted the loan pool funds, about 1418 BNB, priced at $550, and lost about $780,000.
Tinyman was attacked, the official request to remove liquidity and plan to deploy new contracts
Tinyman, an Algorand-based automated market maker (AMM), tweeted that on January 1/2, an attack occurred on Tinyman Pools. The attack exploits a previously unknown vulnerability in the contract and allows attackers to withdraw assets from pools to which they do not have access. So far, the attack has been carried out in several pools, but not all pools were attacked.
As a trustless protocol, Tinyman uses immutable contracts. Unfortunately, this means that existing capital pools do not have the capacity to solve this problem quickly. Tinyman will fix the issue, deploy a new version of the contract, and make a migration plan.
In the meantime, Tinyman believes the best course of action is to ask the community to remove all liquidity from all Tinyman pools. Tinyman will release a detailed incident report in the coming days.
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