Star Project Weekly | Curve released its stablecoin code and white paper; Polygon Avail completed the first phase of the test network (11.21-11.27)
During the week of November 21-November 27, the more noteworthy developments are as follows: Polygon Avail completed the first phase of the test network and is expected to release the main network next year; StarkWare open source Cairo 1.0, and the first version of its compiler will be launched in Q1 next year ;zksync 2.0 has completed the first code security audit; Uniswap Labs released a new privacy policy to collect some data from user wallets; Curve released its stablecoin crvUSD code and white paper; Aave proposed to make up 1.6 million US dollars in the CRV market through the Gauntlet bankruptcy fund and the Aave treasury Bad debts; Sushi’s new CEO: The first draft of the new Token economics has been completed and will be displayed internally next week; dYdX Chain has released an internal test network, covering core functions such as leverage, fees, and liquidation; Uniswap may be issued to historical Genie users in the near future airdrop.
Bottom-Layer 1
Bottom-Layer 1
Solana Foundation: About $1 million in cash held in FTX as of November 6th, the impact is negligible
Odaily News The Solana Foundation updated the relevant information on the FTX bankruptcy event. As of November 6, when FTX.com stopped processing withdrawals, the Solana Foundation had about $1 million in cash or cash equivalents on FTX, accounting for less than 1% of its cash reserves. , so the impact on Solana Fund operations is minimal. The Solana Foundation does not host SOL on FTX.com. The Solana Foundation also clarified that USDC and USDT on the Solana chain are risk-free. These two stablecoins are issued directly by Circle and Tether respectively, and are currently fully anchored.
ProximityLabs Launches $10M Developer Fund for Near Developers
Odaily News Proximity Labs and the Orderly, Spin, and Tonic DEXs on the NEAR network jointly announced a $10 million developer fund. The fund provides investment or grants to development teams building projects based on the three protocols of Orderly, Spin, and Tonic. These three protocols use Near as the settlement layer, providing users with a trading experience similar to that of centralized exchanges. New projects can build on these protocols and use the liquidity of the three for their own products. (The Block)
Celo partners with ConsenSys to integrate Infura infrastructure
Odaily News Celo has reached a cooperation with ConsenSys, an Ethereum infrastructure development company, and will integrate the infrastructure of Infura, a blockchain development platform under ConsenSys. Celo developers will be able to build with Infura, which will help make their blockchain more scalable. Developers will also be able to deploy Ethereum-based DApps built using Truffle.
Bottom layer-Layer 2
Bottom layer-Layer 2
Odaily News Polygon announced that the modular blockchain Avail has completed the first phase of the test network and is about to enter the second phase. It is expected to release the main network next year. In Phase 2 of the Polygon Avail testnet, Polygon plans to add up to 100 additional external validators to create a stronger and more mature blockchain testing environment. Polygon Avail works by storing transaction data from any other blockchain and proving the availability of transaction data it holds.
StarkWare open source Cairo1.0, the first version of its compiler will be released in Q1 next year
Odaily News StarkWare announced the open source of its programming language Cairo1.0, as the first step of open source StarkNet stack. StarkNet does not yet support Cairo 1.0, but will support it in the first quarter of next year. The first version of the Cairo1.0 compiler is scheduled to be launched in the first quarter of next year, focusing on supporting all existing functions of StarkNet in Cairo1.0, and expanding the functions of the Cairo1.0 compiler.
According to official news, the zksync 2.0 network has completed the first code audit by the security agency OpenZeppelin, and there are no major security issues. zksync stated that network security is the primary guarantee of zKsync 2.0, and security audits are an important part of ensuring the security of zkSync 2.0. The official plan is to take additional security measures in the next few months, including bug bounties, competitions, and programming marathons, etc. .
Odaily News According to official news, the Ethereum side chain Ronin Network launched the developer test network Saigon, allowing developers to deploy contracts on the test network. Ronin Network will also test the DPoS consensus mechanism on this testnet. In addition, Ronin Network announced that it has open-sourced the smart contracts of Ronin Protocol, Ronin Bridge, and DPoS.
Boba Network proposed a consensus check proposal to deploy Uniswap V3 on Boba
Odaily News Boba Network and FranklinDAO, two-layer expansion solutions, submitted a proposal to deploy UniswapV3 on Boba Network in the Uniswap community. The proposal is currently in the consensus check stage (Consensus Check), and voting will end at 2:13 on November 25. After the proposal is passed, Boba Network will submit an on-chain vote. If it is finally passed, BobaNetwork will provide 1 million USD in BOBA tokens to promote the use of UniswapV3 on Boba Network.
Cardano's ecological ZK-Rollup expansion project Orbis announced the suspension of operations
infrastructure components
infrastructure components
WBTC DAO plans to reset the smart contract multi-signature scheme
Odaily News The community WBTC DAO, which manages the Wrapped Bitcoin (WBTC) project, is setting up a new smart contract multi-signature scheme to replace those no longer active signers. The new group of signers will be responsible for signing transactions and changing code if necessary. currency contract.
The new WBTC DAO multi-signature will have 13 signers, retaining seven members from the original collection, including Compound, Loopring, Kyber, and BitGo, etc., adding Chainlink and Balancer. Companies like FTX, Airswap, and MakerDAO were removed. (The Block)
Odaily News DeFi observation user Crypto Snooper tweeted that the Ethereum infrastructure development company ConsenSys updated its privacy policy, stating that when users use Infura as the default RPC in MetaMask, the corresponding IP address and ETH address will be collected when the user sends a transaction .
MetaMask Clarifies Privacy Concerns: "Nothing Has Changed How It Works"
Odaily News In response to ConsenSys updating its privacy policy and collecting the corresponding IP addresses and ETH addresses when MetaMask users send transactions, MetaMask clarified on its official social media, stating: "Our privacy policy has been updated on November 23, but MetaMask Nothing has changed in the way Infura (Ethereum-related Web3 development kit) works.”
Chainlink pledge agreement v0.1 beta version will be launched on Ethereum mainnet in December
According to the official announcement, the Chainlink pledge agreement v0.1 beta version is scheduled to be launched on the Ethereum mainnet at 1:00 on December 7, Beijing time. Addresses that meet the early experience conditions will be able to pledge up to 7,000 LINK in the v0.1 pledge pool . In addition, the v0.1 pledge pool will be open to all ordinary users at 1:00 on December 9th, Beijing time. The pledge limit for each address is 7,000 LINK, and the total pledge pool limit is 25 million LINK.
Gitcoin will cooperate with UNICEF to launch Grants Protocol quadratic financing pilot
Odaily News Gitcoin announced the establishment of a partnership with the United Nations Children's Fund (UNICEF) Innovation Office, and will launch a quadratic financing (QFround) pilot in Gitcoin's new grant agreement Grants Protocol from December 9th to December 16th. Quadratic funding was provided for 12 innovative projects in various locations, including Nepal, Kenya, Argentina, Brazil and the Philippines.
Gitcoin stated that this donation round marks the beginning of Gitcoin’s transition to a decentralized protocol, and the Grants Protocol will allow any community to coordinate its own grant funds.
Odaily News The asset cross-chain protocol Ren Protocol tweeted that since the Ren 1.0 network will be shut down within 30 days, users are strongly advised to bridge their Ren assets (such as renBTC) back to the original chain as soon as possible.
Ren Protocol also stated that its goal is to launch Ren2.0, a fully community-controlled network, as soon as possible.
Ankr became one of Sui's first RPC providers and is now used on Sui testnet
Odaily News According to the official announcement, Web3 infrastructure provider Ankr announced that it has become one of the first RPC providers for Sui. The service is now available on the Sui testnet and will expand to mainnet connections immediately after launch (expected early 2023). In addition, it is also compatible with Sui SDK, making development more streamlined.
Developers can now access the Sui testnet community and advanced RPC, make request calls, and receive information back reflecting the results they obtained by running a full node themselves. The partnership will enable developers to build secure, scalable and upgradable dApps on top of the Sui blockchain.
Aptos ecological wallet Martian will support Sui network
secondary title
DeFi
Uniswap Labs released a new privacy policy to collect some data from user wallets
Odaily News The decentralized exchange Uniswap Labs has released a new privacy policy to provide transparency on the data it collects. The privacy policy states that DEXs collect certain on-chain and off-chain data connected to users’ crypto wallets.
The new policy clarifies that analysis of publicly available on-chain data facilitates informed decision-making. As far as off-chain data is concerned, Uniswap claims not to collect sensitive personal data such as names, emails or IP addresses. However, other off-chain network identifiers associated with users were still being scraped, the exchange noted. (The Block)
Curve releases code and white paper for its stablecoin crvUSD
Odaily News The developers of the decentralized exchange Curve Finance have released the official code and white paper of Curve's upcoming decentralized stablecoin crvUSD.
While Curve has yet to make an official announcement, a repository posted by the official GitHub account shows that the project is ready to finalize work on its stablecoin.
According to a white paper written by Curve Finance founder Michael Egorov, crvUSD will have a mechanism similar to MakerDAO’s stablecoin DAI, being overcollateralized by crypto assets. crvUSD will also rely on a new algorithm, Lending-Liquidating AMM (LLAMMA), which will continuously liquidate and sell deposited collateral to better manage potential collateral risk. (The Block)
Odaily News DAO economic infrastructure Llama and on-chain risk simulation platform Gauntlet submitted a governance proposal on Aave, requiring the use of the Gauntlet bankruptcy fund and Aave treasury to make up for $1.6 million in bad debts related to the CRV market.
The Gauntlet bankruptcy fund holds 4,923 pledged AAVE tokens, currently worth about $280,000. The tokens in the Aave treasury are worth approximately $165 million and can be used to cover excess debt. The AaveDAO community will discuss the proposal in the coming days, with Gauntlet and Llama providing details on how the debt coverage process will unfold.
Odaily News SushiSwap's new CEO, Jared Gray, posted on social media that he and EONS developer David Wilson have completed the first draft of SushiSwap's new Token economics, which will be displayed within the community next week. A public draft is expected in 2-3 weeks.
1inch launches RabbitHole feature to help MetaMask users defend against sandwich attacks
Odaily News DEX aggregator 1inch launched 1inch RabbitHole, a function to prevent MetaMask users from being attacked by sandwiches during transactions. This function will send users' transactions directly to validators including Flashbots, BloXroute, Eden and Manifold instead of transaction pools. 1inch said that this function will be used for free during the test period, and the charging method for this function will be determined in the future, one of which may be to pledge a certain amount of 1INCH tokens.
Odaily News dYdX, a decentralized derivatives protocol, announced that it has completed the second of the five milestones of dYdX V4 (dYdX Chain), the internal testnet. Currently dYdX V4 has two permanently running internal blockchain networks: the developer testnet and the general testnet; functionally allowing core trading functions, including leverage, fees, oracle price updates, hourly funding rates, and liquidation.
dYdX V4 is in the process of milestone 3, an update will be released after completion, and an external testnet will be launched. Milestone 3 is the development of advanced features, including advanced order types, dynamic funding rates, etc.
Milestones 4 and 5 will focus on non-core product features such as governance, the process of adding or removing new trading pairs, and IBC connections to other chains. Milestone 4 will launch a fully public testnet, while completion of Milestone 5 will include the launch of the mainnet.
Cardano's ecological stable currency Djed will be launched on the mainnet in January
Odaily News Cardano developers announced that its first decentralized stable currency Djed will be launched on the mainnet in January. Djed, developed by Coti in cooperation with Cardano's lead developer InputOutput, has been in development for more than a year and is a decentralized stablecoin soft-pegged to the US dollar.
Djed will be integrated into 40 applications in the Cardano ecosystem at launch. It is reported that after the launch of Djed, Cardano users will be able to use Cardano’s native token ADA as collateral to mint stablecoins. Stablecoins are designed to be over-collateralized, and each Djed requires more than 400% of the collateral value to be minted.
NFT
Uniswap may issue airdrops to Genie historical users in the near future
Odaily news Scott, head of Uniswap NFT products, tweeted that Uniswap's airdrop for historical users of the NFT aggregation platform Genie is still planned; it will come soon.
ApeCoin DAO NFT market is online, covering custom markets such as BAYC
Odaily News Snag Solutions CEO Zach Heerwagen tweeted that the NFT market customized for ApeCoin DAO has been officially launched.
According to Heerwagen, the custom marketplace includes unique features built specifically for the BAYC and Otherside communities, as well as ApeCoin staking and NFT metadata integration. Staking and daily rewards are embedded directly into the transaction flow and will continue to improve the experience by adding filters with APE staking, list sets, and more. Not only does the ApeCoin marketplace have lower fees for sellers (0.5% ETH sales fee and 0.25% APE fee), but the entire 0.25% of each sale is held in multi-signatures to fund the DAO initiative.
NFT marketplace Magic Eden plans to integrate Polygon network
Odaily News NFT market Magic Eden announced that it will integrate with Polygon to develop blockchain games and NFT ecosystems.
Magic Eden will support the ecosystem of game developers and creators on the Polygon chain, including Web3 game projects and game publishers hosted on the Polygon network, such as Ubisoft, Atari, Animoca Brands, Decentraland, The Sandbox, etc.
Zhuoxun Yin, co-founder and chief operating officer of Magic Eden, revealed that the Launchpad and Marketplace will be launched on Polygon next month, and the process for NFT creators and collectors will be simplified. (Tech Crunch)
NFT marketplace Zora launches NFT tool Zora Drops
Odaily News NFT market Zora launched the NFT tool Zora Drops, which allows creators to generate NFT series for multiple pictures, audio or video content at one time, and easily create, manage and sell their Drop series.
Bankless launches zero-fee NFT marketplace
Odaily News The decentralized community Bankless announced the launch of the zero-fee NFT market Bankless Market, which is also a secondary market for its digital collection "Bankless Collectibles", supporting royalties for creators.
It is reported that "Bankless Collectibles" is the latest NFT series launched by Bankless, which was officially released last week. Based on the Bankless podcast casting, each NFT is limited to 100 pieces.
Odaily News The Optimism ecological NFT market Quix announced that the Optimism Foundation will open source the Quix code on behalf of the Optimism community. This means that while Quix as a company is coming to an end, starting January 6, 2023, its code will be free for the community to use and build upon. Quix is working with the Optimism Foundation to ensure a smooth transition, and its team is committed to maintaining operations until February 28, 2023.
According to Quix, monthly infrastructure costs have exceeded revenue, and the operations team is too lean (only 3 people) to invest in the ecosystem in a meaningful way. Given the constraints, Quix is no longer a viable business, "and now we're turning to Optimism Collective to take Quix to the next stage."
NFT Marketplace Stratos to End Operations and Open Source Its Code
Odaily news Arbitrum ecological NFT market Stratos announced that it will end operations and open source its code. “A big thank you to everyone in Arbitrum and the Stratos community. Stratos’ sister marketplace, Quix, is shutting down, and so are we. Quix will be open sourcing their code, which inspired Stratos.”
Porsche official website launches NFT page and creates Twitter account with Ethereum symbol
Odaily News Porsche (Porsche) official website has launched an NFT page with the text "Join us and start a new journey. This is a journey that combines physical and digital to create a unique hybrid experience, a journey dedicated to co-creation and community" Or imply that an NFT series will be released and a Web3 community will be established.
game
game
Odaily News Web3 game publisher FenixGames has raised 150 million US dollars, investors include Phoenix Group and Cypher Capital, a Dubai-based venture capital institution. Fenix Games plans to acquire, invest in and publish blockchain games.
security company
security company
Odaily News Bo Shen, founding partner of Fenbushi Capital, tweeted that personal wallets ending in 894, with a total value of 42 million U.S. dollars in assets, including 38 million USDC, were stolen in the early morning of November 10, New York time. The stolen assets are personal funds and have nothing to do with distributed related funds. The case has been reported locally, and the FBI and lawyers have been involved.
Odaily News According to the intelligence of the SlowMist security team, on November 23, 2022, the Numbers Protocol (NUM) token project on the ETH chain was attacked, and the attacker made a profit of about $13,836.
