During the week from February 7th to February 13th, the events worthy of attention in the progress of star projects include:OpenSea Announces OpenSea Ventures and Ecosystem Grants；OpenSea Announces OpenSea Ventures and Ecosystem Grants；Polygon Completes $450 Million Financing Led by Sequoia India；StarkWare releases StarkNet roadmap, which will increase throughput, reduce costs and decentralize；MakerDAO will implement a multi-chain strategy；MakerDAO will implement a multi-chain strategy；Andre Cronje's new project Solidly has officially launched；CryptoPunk #5822 sold for 8000 ETH。
Bottom layer - public chain
Bottom layer - public chain
DFINITY Developer Funding Program announced the latest list, adding 56 new projects
According to official news, DFINITY announced the latest list of its Developer Grant Program, and 56 new projects including Aurora, BitKeep, Dmail Network, and Internet Computer Event System (ICES) were funded.
It is reported that the DFINITY Developer Funding Program has funded more than 150 projects, including Web3 dapp, DeFi, games, NFT, social media, Metaverse projects and infrastructure.
Yves La Rose, leader of the EOS Network Foundation, updated his tweet saying that the EOS Network Foundation is taking all possible legal means to demand that Block.one return the $4.1 billion it raised during the EOS crowdfunding phase. Block.one's dereliction of duty over the years has caused serious damage to the EOS ecosystem. Block.one should be responsible for its dishonesty and return the assets that originally belonged to the EOS ecosystem. At present, the EOS Network Foundation has hired a top Canadian law firm to investigate Block.one's past improper behavior and unfulfilled promises to the EOS community and EOS investors, and to determine legal rights protection channels including filing formal lawsuits. As the investigation progresses, the EOS Network Foundation will announce the latest progress to the society.
According to official news, the public chain Harmony has launched a completely trustless Harmony Bitcoin Bridge, which supports 1:1 Bitcoin-collateralized assets (1BTC), fully over-collateralized, interoperable and anti-censorship. Harmony Bitcoin Bridge allows users to seamlessly connect BTC to Harmony.
HydraDX Wins Polkadot Network's 9th Parachain Slot Auction
According to official news, at 23:35 on February 10, 2022, Beijing time, the 9th Parachain Slot Auction on the Polkadot network ended, and HydraDX won the Auction by locking 2,462,543 DOT.
Since Polkadot's second round of slot auctions is conducted every two weeks, the next 10th auction will start at 3:00 a.m. on February 18, 2022, Beijing time. Of all the active Crowdloan campaigns, Interlay has collected the most DOTs, followed by Equilibrium, Nodle, Litentry, Phala, and Darwinia.
Kava plans to launch the Kava 10 main network, opening the Kava network 1.0 era
According to official news, Kava will enter the next stage in 2022. After establishing a powerful, scalable Layer-1 network and ecology that provides support for top DeFi products, Kava will soon usher in the Kava 10 main network. upgrade.
The new Kava Network is a lightning-fast Layer-1 blockchain with a unique co-chain architecture that combines the speed and interoperability of the Cosmos SDK with the flexibility and developer support of the Ethereum Virtual Machine (EVM) features combined.
Astar Network Launches $100 Million Astar Boost Plan
Bottom-Layer2
Bottom-Layer2
Polygon, an Ethereum scaling solution, completes $450 million in financing led by Sequoia Capital India, SoftBank, Tiger Global, Galaxy Digital, Republic Capital, Makers Fund, Alameda Research, Alan Howard, Alexis Ohanian, Steadview Capital, Elevation Capital, Animoca Brands, Spartan Fund, Dragonfly Capital, Sino Global Capital, Variant Fund and Kevin O'leary participated in the investment. Polygon is aggressively expanding its portfolio of Ethereum scaling solutions and working to attract a larger developer ecosystem.
Polygon co-founder Sandeep Nailwal said in an interview that Polygon has spent nearly $1 billion in recent quarters to acquire companies to expand its product range. (Techcrunch)
Polygon Hermez plans to adopt PoE consensus mechanism
David Schwartz, head of the Polygon Hermez project, an expansion solution for Ethereum, released the Proof-of-Efficiency (PoE, Proof-of-Efficiency) model as a zk-rollups consensus mechanism, aiming to solve the decentralization that exists in L2 with zk-rollups as a solution and the permissionless verifier problem, laying the foundation for the realization of zkEVM.
StarkWare releases StarkNet roadmap, which will increase throughput, reduce costs and decentralize
StarkWare, the Ethereum Layer 2 expansion development team, released a three-stage roadmap for StarkNet. It said that StarkNet has achieved the first goal of "availability", the next stage will improve performance, and the final goal is to achieve decentralization.
Optimism Awarded Over $2M to Discloser of a Critical Bug, Now Fixed
The Ethereum expansion solution Optimism posted a blog stating that its team received a warning from Jay Freeman on February 2, saying that there was a critical vulnerability in Optimism’s Geth fork, which made it possible to repeatedly trigger the SELFDESTRUCT operation on the contract holding the ETH balance. code, ETH can be created on Optimism.
Analysis of the Optimism chain history shows that the bug was not exploited. Within hours of identifying the issue, Optimism tested and deployed the bug fix to Optimism’s Kovan network and mainnet. Multiple vulnerable Optimism forks and bridge providers were also alerted to the issue, and those projects have now applied the required fixes. The official also stated that if any parties involved are running a copy, please make sure to upgrade to l2geth version 0.5.11 as soon as possible, otherwise they may lose synchronization with the rest of the network.
Shibarium, the SHIB Layer 2 expansion solution, will be released soon on the public test network
infrastructure components
infrastructure components
Gitcoin will start the 13th round of donations on March 9th
Gitcoin will conduct the 13th round of donations from March 9th to March 24th, and will provide funding for more high-quality projects. At present, Gitcoin has opened the Grant creation channel. It is reported that Gitcoin donation activities have funded Uniswap, Dark Forest, Coin Center, POAP, Bankless and other projects.
Alchemy reports that since October last year, the number of Web3 initiatives built on its platform has tripled, and the daily number of API calls from Web3 applications connected to the platform has also increased by 6,000%.
Alchemy raises $200 million at $10.2 billion valuation led by Lightspeed and Silver Lake
Alchemy, an encryption infrastructure company, completed $200 million in financing at a valuation of $10.2 billion, led by Lightspeed and Silver Lake, and participated by several existing investors. The company plans to use the new funds to promote Web3 adoption, with some initiatives including the launch of Web3 University, an open educational resource for learning about Web3, Alchemy Ventures and an NFT API for website developers.
Alchemy reports that since October last year, the number of Web3 initiatives built on its platform has tripled, and the daily number of API calls from Web3 applications connected to the platform has also increased by 6,000%.
The Graph Advocate Program has been launched to grow the community of Web3 contributors
According to official news, The Graph Foundation launched The Graph Advocate Program. The initiative is a community-led and community-driven initiative serving as a gateway to Web3 for people around the world. Once accepted, Advocates will have the unique opportunity to make important contributions that directly impact their local communities, the mission of Web3, and the future of The Graph ecosystem.
Eden Network, Ethereum's priority transaction network, releases PoS chain expansion plan
Eden Network, the Ethereum priority transaction network, announced that it will focus on the research and development of the PoS chain in 2022 to cater to the booming multi-chain era. Eden Network will start its multi-chain expansion by entering the liquid staking ecosystem.
Eden Network stated that through new products, collaboration with the protocol and L1 partnership, it will use its expertise in core infrastructure tools to optimize the technology stack to provide users with better benefits while providing higher benefits for the protocol and L1. TVL.
The multi-signature wallet Gnosis Safe team has launched a proposal to establish SafeDAO and launch Token SAFE. The content of the proposal shows that it is proposed to split Gnosis Safe from Gnosis Ltd, similar to the previous split of CowSwap.
Cross-chain protocol Wormhole partners with Immunefi to launch a bug bounty program with a reward of up to $10 million
The cross-chain protocol Wormhole and Immunefi have cooperated to launch a bug bounty program, focusing on preventing negative impacts on the Wormhole ecosystem, currently covering smart contracts, web UI, guardian nodes, and Wormhole integration. The bounty is up to $10 million.
Layer 2 interoperability protocol Connext announces support for zkSync network
Layer 2 interoperability protocol Connext announced that it will support the zkSync network. Users will soon be able to instantly and cheaply transfer assets between the 11 supported chains and zkSync, which also means that users will be able to join and exit the zkSync ecosystem directly from other L2 or sidechain systems, completely avoiding paying L1 Gas cost.
According to reports, in the first stage of cooperation, the two parties plan to create some kind of pool model that allows users to deposit and withdraw from the Aave Ethereum mainnet without exposure to Ethereum and its high gas costs. Purchase aToken tokens to deposit on the Aave Ethereum mainnet.
Application layer - DeFi
The first stage cooperation proposal between Aave and Starkware was voted through with 100% support. Starkware will provide Aave facilities to enhance Starknet’s user base. Development is complete.
According to reports, in the first stage of cooperation, the two parties plan to create some kind of pool model that allows users to deposit and withdraw from the Aave Ethereum mainnet without exposure to Ethereum and its high gas costs. Purchase aToken tokens to deposit on the Aave Ethereum mainnet.
Aave protocol team released Lens Protocol, a new Web3 social platform based on Polygon
According to official news, MakerDAO will implement a multi-chain strategy so that everyone can afford to issue DAI.
MakerDAO will implement a multi-chain strategy
According to official news, MakerDAO will implement a multi-chain strategy so that everyone can afford to issue DAI.
The Luna Ecological non-profit foundation Luna Foundation Guard (LFG) proposed to inject $450 million into the lending agreement Anchor Protocol's revenue reserve to help it maintain a 20% interest rate. A spokesman for LFG said the proposed cash infusion was an interim solution to develop a more sustainable economic model for Anchor. The plan so far is to introduce a model that incentivizes lending while diversifying collateral to include new pledged assets.
It is reported that Anchor Protocol's earnings reserves have fallen by more than 80% since December last year due to a lack of willingness to borrow. On average, reserves have been reduced by about $1.6 million per day over the past four weeks. At this rate, existing reserves cover only eight days. (Be in Crypto)
Balancer plans to introduce veBAL token economic model with reference to veCRV
The decentralized trading platform Balancer plans to refer to the mechanism design in which CRV is locked into veCRV, and launch veBAL token economics, mainly including veBAL and governance rights, a new BAL inflation schedule, and an on-chain measurement system (used to determine the ore distribution), etc.
Among them, the BPT of the 80/20 BAL/ETH pool (the liquidity token certificate of the Balancer fund pool) will be locked into veBAL, and anyone can lock the BPT of the 80/20 BAL/ETH pool between 1 week and 1 year Get the corresponding veBAL for any time period. veBAL can vote to determine the reward share of each liquidity pool, and 75% of the protocol revenue collected by protocol fee collectors will be distributed to veBAL holders. Another 25% of fees will be held by the DAO Treasury as a reserve.
Andre Cronje's new project Solidly has officially launched
Andre Cronje's new project Solidly (formerly ve(3,3)) is officially launched. According to the official statement of Solidly, the program is still in the testing stage, and the risk of capital loss is high. There is currently no token transaction. Beware of other SOLID scams, and there is no benefit for participating in Solidly.
According to official news, the interest rate derivatives agreement Swivel Fiance announced that it will lift the protected mainnet restrictions at 17:00 (UTC) on February 10, officially open the mainnet to the public, and at the same time retroactively airdrop SWIV to community members and stakeholders Token. It is understood that the project airdrops 4.5% of the total tokens to the community, of which 0.5% belongs to protected mainnet lenders, 1% belongs to verified community contributors (verified feedback and content), and 1% belongs to Gitcoin Core alumni and mentors, 2% belong to Compound, Aave, FEIRari (Fei + Rari) & Gitcoin on-chain governance participants, the snapshot time is February 8th, a total of 1852 addresses are eligible.
The Acala Foundation distributes 1 million ACA rewards to the first liquidity mining plan on Acala
OpenSea Announces OpenSea Ventures and Ecosystem Grants
Application layer-NFT
OpenSea Announces OpenSea Ventures and Ecosystem Grants
According to official news, OpenSea, the NFT market, announced the launch of the venture capital department OpenSea Ventures to support the next generation of founders to build protocols, companies, teams and ideas, and empower the future of the open Web3 economy. Led by OpenSea co-founder Alex Atallah, OpenSea Ventures will help developers and creators realize their vision of growing Web3 through NFTs, decentralized systems and other innovative blockchain uses.
According to Flip McBot’s monitoring, CryptoPunk #5822 was sold at a price of 8,000 ETH in the early hours of this morning, or about $23.4 million, the highest transaction price in the history of the CryptoPunk series NFT. According to OpenSea data, the buyer of CryptoPunk #5822 is deepak.eth. According to its Twitter introduction, deepak.eth is the CEO of Chain.com.
OpenSea delists CryptoPunks v1 series again
On Monday, OpenSea removed the CryptoPunks v1 series again. The collection comes alongside the iconic CryptoPunks v2 collection due to a smart contract vulnerability. Allegedly, this is because Larva Labs, the CryptoPunks v2 development team, issued a DMCA takedown notice to OpenSea. Since the company is also the creator of the CryptoPunks v1 series, the move struck some as strange.
OpenSea has historically banned the CryptoPunks v1 series, however, the series' recent listing on competing platforms such as LooksRare has boosted its acceptance and led to OpenSea rescinding its initial ban. At press time, the wrapped CryptoPunks v1 series has seen a total transaction volume of over 315.44 ETH (~$974,000) and continues to operate.
AssangeDAO successfully auctioned "Clock" NFT with 16593 ETH
Encrypted artist Pak announced on Twitter that AssangeDAO finally successfully won the "Clock" NFT with 16,593 ETH (about 53 million U.S. dollars). All funds will go to the Wau Holland Foundation, which defended Julian Assange. AssangeDAO then retweeted this tweet.
NFT infrastructure service provider Project Galaxy announced on its Twitter that the Token code is GAL. This indicates that the project will issue Tokens, but the specific distribution rules, and whether there will be airdrops and other details, the official has not yet given clear information.
Gucci announces land purchase in The Sandbox, plans to release virtual wearables
P2E chain game Axie Infinity announced that it will launch Origin (Battles V3) at the end of the first quarter. This product will have a brand new interface, game mechanics, art, special effects, storylines and a wide range of introductory experiences.
Application Layer - Game
Axie Infinity will launch Origin (Battles V3) at the end of the first quarter
P2E chain game Axie Infinity announced that it will launch Origin (Battles V3) at the end of the first quarter. This product will have a brand new interface, game mechanics, art, special effects, storylines and a wide range of introductory experiences.
Game Guild YGG Announces Partnership with Game-Specific Blockchain Project Oasys
The game guild YGG (Yield Guild Games) announced that it has reached a cooperation with the game-specific blockchain project Oasys, and YGG will become one of the validator nodes on the Oasys chain.
security incident
security incident
According to official news, PancakeBunny announced that due to the attack on Qubit, it lost about 80 million US dollars, including the assets of the open team Team Mound and thousands of private users. Team Mound’s assets in Qubit are about 10 million US dollars, which is all operating capital. Therefore, the large-scale development team can no longer be maintained, Team Mound decided to disband, and the Bunny and Qubit protocols, which are mainly led by the development team, will be managed by DAO. The community will have all relevant permissions to upgrade contracts, change fee structures, etc.
PancakeBunny compensated that the team will not be disbanded, but will be reorganized and adjusted; the team will continue to compensate users for losses; and will continue to track attackers.
It is reported that Mound Finance is an innovative financial technology company that focuses on the development of blockchain-based financial platform services, focusing on DeFi and cross-chain functions. Its products include PancakeBunny, polyBunny, and Qubit.
According to previous news, the centralized lending project Qubit was suspected of being hacked, and the loss may reach 80 million US dollars. Qubit Finance released a compensation plan, and Team Mound will give up all its tokens to compensate the community.
According to feedback from netizens, the TRON chain project POSCHE is suspected of running away, and the project party took away 26.45 million US dollars.
Currently, POSCHE has dropped by 94%, and the official website cannot be opened.
The NFT+DEFI aggregator Dego Finance announced that it was hacked, and the DEGO liquidity on UniSwap and PancakeSwap had been exhausted. The team has urgently contacted Binance and other CEX operation teams to close DEGO deposits to prevent hackers from selling and causing further losses.
The team said it is in discussions with the security team to track down the hackers and recover the damage.
CertiK: BabyMuskCoin is suspected of Rugpull
The monitoring of the CertiK team showed that BabyMuskCoin plummeted by 99%, 1571BNB (approximately 660,000 US dollars) was thrown out, and the funds have been transferred to Tornado. The project team claimed to be scammed through Telegram, but both Twitter and the website were closed, suspected of Rugpull.
According to information from SlowMist District, the AToken wallet (atoken.com) is suspected of being attacked recently. After users use the AToken wallet, the coins are secretly transferred away. At present, many users have reported that the assets in the wallet have been stolen.
The official Twitter of AToken Wallet issued a statement to stop operations on December 20, 2021. Many users in the official TG channel also reported that the assets of the AToken wallet were stolen, but they did not receive any reply and processing from the AToken team.
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