Star Project Weekly | Blur's second airdrop is open for application; Sushi's treasury is about to run out of funds (12.5-12.11)
During the week from December 5th to December 11th, the developments worthy of attention are as follows:Sui will launch a community access program for the SUI token in the coming weeks；Optimism announced that it will distribute 10 million OP in RetroPGF2 to fund projects and developers；The Ethereum side chain Gnosis Chain has completed the merger, and the consensus mechanism has transitioned to PoS；ConsenSys: Plans to shorten MetaMask user data retention time to 7 days；The Uniswap community will vote on the governance process adjustment proposal on December 14；SushiSwap CEO: The treasury funds are about to run out, proposing to reallocate the fees paid to xSushi holders to the treasury；Blur's second airdrop is open for application, and the third airdrop will end in January and Token will be launched；Ape staking has started, rewards will be collected on December 12。
Bottom-Layer 1
Bottom-Layer 1
Sui will launch a SUI token community access program in the coming weeks, allowing community members to purchase SUI tokens
Odaily News Sui Foundation introduces the SUI token community access plan being designed to detail the distribution method of SUI. The plan aims to enable Sui community members to purchase SUI tokens at an early stage. The design goals include expanding coverage as much as possible to allow participation in all regions of the world and achieving robust and fair community member participation. The Sui Foundation will continue to Working with the community over the course of several weeks to ensure the program achieves its goals.
Sui releases Testnet Wave1 review summary, TestnetWave2 will be launched early next year
Odaily News Layer 1 public chain Sui Network has reviewed the Sui Testnet Wave1 that has just completed its operation. It is expected that the Wave2 testnet will be launched in early 2023.
During the operation of Sui Testnet Wave1, network tests such as Genesis, Monitoring, Communication, Mitigation, and Updates were completed successively, and problems such as consensus stagnation, updating consensus status for lagging verifiers, and root causes of memory leaks were solved. The total number of transactions processed reached 22 million, and the total number of NFTs on-chain reached 11 million. Sui also said that Testnet Wave 2 will launch in early 2023 and focus on epoch management, token economics, and staking proxies.
Aptos early investor's $1 billion stake dispute settled
Odaily News Aptos Labs multi-billion-dollar lawsuit initiator Shari Glazer said that her previous multi-billion-dollar lawsuit against Aptos has been resolved, and she will then devote her energy to new Web3 projects and philanthropic endeavors.
As previously reported, on October 13, the $1 billion equity dispute lawsuit initiated by early investors in Aptos was partially dismissed by the court. It is reported that in March this year, Shari Glazer and his company Swoon Capital filed a lawsuit against Aptos Labs parent company Matonee, accusing it of The fraudulent means deprived her of her legal share of the partnership. Shaik claims he was stripped of his 50% stake in Matonee, and Shari is seeking as much as $1 billion in damages in the lawsuit.
Waves issued a statement on DAXA's investigation into WAVES tokens, and WAVES tokens have no intrinsic connection with USDN
Odaily News According to the official announcement, Waves issued a statement about DAXA investigating WAVES tokens. Upbit and Bithumb believe that the price of WAVES may become unstable due to USDN de-anchoring, but USDN is an independent project built on the Waves blockchain. It uses WAVES as collateral; it is not intrinsically linked to the WAVES token. In addition, Waves officials also stated that there is only one way USDN can directly affect the price of WAVES, that is, by redeeming WAVES from the contract and selling WAVES on the market, the impact of fully redeeming all WAVES in the smart contract is negligible, and there is no New WAVES releases. Waves officials stated that Waves believes that concerns about Waves tokens are baseless misinformation. Waves representatives are in contact with the Upbit and Bithumb teams and will continue to work with them to correct this misunderstanding.
F2Pool provides Aleo testnet 3 mining service, which can use Nvidia GPU for mining
Odaily News According to the official announcement, F2Pool announced that it has launched mining services on the Aleo testnet 3, because the incentive testnet phase has been activated, and miners can use Nvidia GPUs to mine on the Aleo testnet 3. Mining rewards will be settled in the form of points every day according to the payment scheme of PPLNS, and then accumulated into the user's F2Pool account. Adding wallets and withdrawal rewards are currently not supported, and reward details will be announced later.
According to previous news, the data privacy platform Aleo launched the testnet 3 incentives, and the initial part will be used for prover incentives. (F2Pool)
Sei Network: Users who have completed more than 30 testnet transactions since December 2nd are eligible to mint Dusk NFTs
Bottom layer-Layer 2
Bottom layer-Layer 2
StarkWare: StarkNet will increase security to 96-bit in next version
Odaily News StarkWare stated that StarkNet is moving towards decentralization, and allowing anyone to submit proofs to verifiers and update the status will require an increase in the security level of the system. Therefore, we will increase the security to 96-bit in the next version. We'll consider adding more later.
Optimism plans Dec. 13 public drill to migrate Goerli network to Bedrock
Odaily News Optimism announced that it plans to perform a public rehearsal at 2:00 on December 13, Beijing time to migrate Optimism Goerli to Bedrock. Optimism forking the existing L1 Goerli and Optimism Goerli networks will run a full end-to-end migration on both networks, which takes about an hour. After the preview, the forked Optimism Goerli network will be upgraded to Bedrock. This migration walkthrough is mainly for infrastructure providers and running nodes.
Optimism announced that it will distribute 10 million OP in RetroPGF2 to fund projects and developers
Odaily News According to official news, Optimism, the second-layer expansion plan of Ethereum, announced its second round of retrospective public product fundraising (RetroPGF2). product. Optimism will also introduce a first-generation Citizens' House to manage the distribution of funds.
The Ethereum side chain Gnosis Chain has completed the merger, and the consensus mechanism has transitioned to PoS
According to official news from Odaily, the Ethereum side chain Gnosis Chain has been merged at 02:45:14.829 on December 9, and the consensus mechanism has transitioned from Proof-of-Authority to Proof of Stake.
Immutable X cooperates with encrypted payment platform MoonPay to support users to mint and purchase NFT assets with fiat currency
infrastructure components
infrastructure components
ConsenSys: Plans to shorten MetaMask user data retention time to 7 days
Odaily News In response to the recently updated privacy policy, ConsenSys stated, "When a MetaMask user issues a 'read' request through Infura, we will not store wallet account address information and associated IP addresses. When a MetaMask user broadcasts a transaction through Infura's RPC endpoint , we collect wallet and IP address information associated with 'write' requests (also known as transactions). IP address and wallet address data associated with transactions are not stored together. We periodically retain and delete user data such as IP Addresses and wallet addresses, are working to reduce the retention period to 7 days. We will append these retention policies to our Privacy Policy in an upcoming update. We have never, and will never sell, any user data we collect. "
Ledger to Launch New Hardware Wallet Ledger Stax
Odaily News Ledger will launch a new hardware wallet, Ledger Stax, designed by Tony Fadell, the "father of Apple's iPod". Ledger Stax will feature an e-ink display to allow users to view and manage crypto assets and NFTs. The Ledger Stax is currently up for pre-order and is set to go on sale in March next year, with a retail price of $279, which is more expensive than the Ledger NanoX, which currently retails for $149. (The Block)
The Ren 1.0 network is shutting down, users are advised to bridge Ren assets back to the original chain as soon as possible
Ren Protocol, an asset cross-chain protocol issued by Odaily News, stated that according to the previous notice, Ren1.0 is being shut down, and because the compatibility between Ren1. Bridge assets back to the original chain as soon as possible, otherwise you will face the risk of asset loss. At the same time, Ren Protocol released asset inquiries and asset bridge links, and said that it will return in the form of Ren2.0.
RabbitHole plans to launch QuestsV2 update early next year
secondary title
DeFi
The Uniswap community will vote on the governance process adjustment proposal on December 14
Odaily News The Uniswap Foundation stated that it will vote on a series of governance reforms, which will simplify the DAO voting that manages Uniswap. According to a forum post by Devin Walsh, executive director of the Uniswap Foundation, members of the Uniswap community will hold a Snapshot vote on Dec. 14 on a proposal to adjust the community governance process that would “improve the efficiency and effectiveness of the DAO.” The biggest of these changes is that Uniswap governance dropped the requirement for off-chain "Snapshot votes" before on-chain votes, and replaced them with "Request for Comment" (RFC) posts. Walsh said that would raise the bar for clearing preliminary votes, a move that would "prevent lower-quality proposals" from passing. The latest proposal proposes setting the RFC process time to at least 7 days and the TempCheck process quorum requirement to 1 million UNI. (CoinDesk)
Uniswap Fee Switch Proposal to Open On-Chain Voting Within 14 Days
According to official news from Odaily, Uniswap's fee switch proposal will start voting on the chain within 14 days. After the voting is opened, UNI holders will have 7 days to vote. The proposal plans to provide Uniswap with an opportunity to test the parameters of selected liquidity pools, including 0.05% DAI-ETH, 0.3% ETH-USDT, and 1% USDC-ETH, for which the Uniswap treasury will charge 10% fee.
SushiSwap CEO: The treasury funds are about to run out, proposing to reallocate the fees paid to xSushi holders to the treasury
Odaily News The SushiSwap community is discussing a new proposal to redirect all fees paid to xSushi holders to their treasury to fund their operations. SushiSwap’s new CEO, Jared Gray, proposes to set Kanpai to 100% of fees transferred to vault multisig addresses for a year or until the new tokenomics are implemented.
Jared Gray said, "After a review of expenditures, it was found that the huge deficit in the treasury threatened Sushi's operational viability and required immediate remedial action. In my original proposal, Sushi's annual operating capital was $9 million. After a detailed review , we lowered that request to $5 million."
A few days later, the new CEO of SushiSwap updated on the governance forum that considering the feedback from community discussions, the previously initiated fee redirection proposal has been withdrawn, and a new version of the proposal will be re-released for discussion later this week.
More than 220 million 1INCH will be unlocked on December 30, accounting for nearly 15% of the total supply
Odaily News TokenUnlocks data shows that 222,187,500 1INCH will be unlocked on December 30, accounting for 14.813% of the total token supply, with a value of more than 110 million US dollars. Among the tokens unlocked in this round, there are 56.25 million tokens for team and community incentives, 46.25 million tokens for seed round investors, 30.5 million tokens for A round investors, 27.1875 million tokens for protocol development funds, and 5.75 million tokens for consultants.
Orthogonal Trading defaults on $36 million loan on Maple Finance
Odaily News The investment institution Orthogonal Trading defaulted on eight loans on the encryption lending agreement MapleFinance, totaling $36 million, accounting for about 30% of Maple Finance's active loan volume.
Its defaulted loans come from the M11 USDC pool (approximately US$31 million loan) and M11 WETH pool (5 million US$ loan) operated by M11 Credit, and other loan liquidity pools will not be affected. Maple Finance has canceled Orthogonal Trading's borrowing authority and said it expects to recover $2.5 million to mitigate losses. M11 Credit is considering legal action against Orthogonal Trading to recover the loan. Orthogonal Trading did not respond to a request for comment.
Helio Protocol: The original repurchase and destruction plan has been postponed, and it will take more time for HAY to re-link
Odaily News The BSC ecological stable currency project HelioProtocol posted on social platforms that it has started the repurchase and destruction process of the first batch of HAY; however, the repurchase plan originally planned to be completed on December 6 may not be completed on time. Full repegging to $1 will take more time; Helio assures the community that repegging HAY remains an urgent and top priority; Helio will share all relevant information and addresses with the community once the recovery plan is complete.
NFT
Blur's second airdrop is open for application, and the third airdrop will end in January and Token will be launched
Odaily news NFT market Blur's second round of airdrops has been opened for application.
Blur stated that the scale of the second round of airdrops is ten times that of the first round, and users have 14 days to claim through bidding. The second round of Blur airdrops is calculated based on the NFT listed on Blur, based on the possibility of its being sold and the dynamic points of the NFT collection; full royalties get 2 times points; traders get 5% extra points for sweeping goods 3 times, sweeping goods 6 Earn 50% extra points each time.
Additionally, users can start earning credits for Blur’s third round of airdrops when they bid, which is Blur’s final and largest airdrop. Points can be earned for three airdrops even if the user does not qualify for the second airdrop. The third round of airdrop will end in January next year, and BLUR Token will also be launched at that time.
As Blur will release the third round of airdrops, the daily trading volume of blue-chip NFTs such as BAYC and Azuki has risen sharply
Odaily News Because the NFT market Blur will release the third round of airdrops, the 24-hour trading volume of blue-chip NFTs such as BAYC and Azuki has risen sharply. Dune data shows that on December 10, the transaction volume of Azuki series NFTs reached 4934.52ETH, the transaction volume of CloneX series NFTs reached 3489.8ETH, the transaction volume of BAYC series NFTs reached 3365.56ETH, and the transaction volume of MAYC series NFTs reached 3361.25ETH.
OpenSea to Transfer Ownership of On-Chain Creator Royalty Enforcement Tool to CORI
Odaily News According to the official Twitter, OpenSea announced that it will transfer the ownership of the Operator Filter Registry, an on-chain creator royalty enforcement tool, to a multi-signature controlled by the "Creator Ownership Institute (CORI)" before January 2, 2023. . Currently, the on-chain creator fee enforcement optional tool Operator Filter is V1, and V2 will first decentralize the management and governance of the Registry, initially by delegating its control to CORI. The mission of CORI is to provide open and transparent governance to the existing OperatorFilterRegistry and its related rules. In the future, it will also focus on developing mechanisms to improve the execution of creator fees. Additionally, OpenSea has extended the deadline until January 2, 2023 for all new collections on the EVM chain to comply with creator fee enforcement standards.
It is reported that the Creator Ownership Institute (CORI) was originally created by ZORA, OpenSea, Manifold, Foundation, SuperRare, and Nifty Gateway to provide funding and create improvement mechanisms for creator ownership tools, and to manage these tools transparently.
Magic Eden Hires Former Forte Chief Commercial Officer as Its Chief Gaming Officer, Will Significantly Increase Gaming Investments in 2023
Odaily News NFT market MagicEden hired former Forte chief business officer Chris Akhavan as its chief game officer. Chris Akhavan said that MagicEden will significantly increase its investment in games in 2023, and has already reached cooperation with Animoca Brands, AzraGames, nWay, faraway, Kakao Games and other companies.
Ape staking has started, rewards will be collected on December 12
Odaily News HorizenLabs tweeted that ApeStake.io has officially launched and opened APE deposits, and will support receiving rewards on December 12.
BendDAO launches Ape Staking service, supports BAYC/MAYC interest generation
According to official news from Odaily, BendDAO launched the Ape Staking service and supports BAYC/MAYC interest generation. It is reported that BendDAO Ape Staking supports the independent pairing of NFT holders and ApeCoin holders. BAYC/MAYC and bound BAYC/bound MAYC holders can issue matching requirements through BendDAO, participate in ApeCoin DAO official ApeCoin Staking together with ApeCoin and BAKC, and maximize returns while maintaining asset flexibility to release the pledge at any time. ApeCoin holders can initiate withdrawals at any time through the Bend DAO ApeStaking service and share revenue with NFT holders. After pairing, NFT holders can still use BendDAO for mortgage loans and pending orders.
NFT Fragmentation Protocol Tessera Officially Launched
Odaily News According to official news, the NFT fragmentation protocol Tessera is now officially launched, and at the same time, the auction of the collective ownership of CryptoPunk #4847 has started.
The Starknet ecological domain name project Starknet.id has been launched on the mainnet
According to the official Twitter, the Starknet ecological identity and domain name protocol Starknet.id announced that it will launch the mainnet at 22:00 Beijing time today. Users will be able to directly register a bridge to the Starknet mainnet with their Ethereum wallets.
security incident
security incident
NFT market Blur to some due to UI"bug"50% Refunds for Traders Who Cause Losses
Odaily News NFT market Blur is offering 50% refunds to some NFT traders.
It started after a Twitter user who went by the pseudonym Keung pointed out problems with Blur's new bidding system, adding that it could be due to human error. The loss occurred after the user accidentally paid 70 ETH for an ArtGobblers NFT after depositing more than 140 ETH into the bidding pool. Users indicated that this error could have been avoided if the marketplace automatically added a zero before bids with a decimal point as the first character. They also suggested that the bidding button should be disabled when the bidding price exceeds the reserve price of the collection. Blur said,"From our user perspective, this can be considered a bug, so we will refund 50% to traders affected by this UI behavior." (The Block)
OptionRoom disclosed that it was hacked on December 6 and all assets in the deployment wallet were stolen
Odaily News Polkadot’s ecological oracle machine and prediction protocol OptionRoom disclosed that on December 6, it became the target of a malware attack, allowing hackers to access OptionRoom’s deployment wallet. Hackers managed to extract liquidity and steal all assets in deployer addresses on Ethereum and BSC chains.
Over the past few days, OptionRoom has been tracking ongoing transactions from hacked wallets, and multiple crypto projects have been targeted by the same hacker. OptionRoom is tracking the assets and is currently filing a police report in an attempt to track down the hackers.
OptionRoom tracked down the hacked wallets, which appear to be sending the stolen funds to Binance and other exchanges.
Sherlock: About $4 million may be lost due to default of Maple Finance borrowers
Odaily News Smart contract audit platform Sherlock issued a document saying that due to the default of Maple Finance borrowers, Sherlock may lose about $4 million. Among them, Sherlock currently has 5 million USDC deposited in the USDC lending pool managed by M11 Credit. The pool is expected to recover 20%-25%, and the pledger may lose 33%-35% of the funds.
DeFi insurance platform NexusMutual expects to lose 2,461 ETH due to Orthogonal Trading default
Odaily News DeFi insurance platform Nexus Mutual disclosed that it plans to withdraw funds from the Maple Finance M11 Creditw ETH pool. Nexus Mutual has initiated the process of withdrawing available funds, with a mandatory 10-day waiting period, in hopes of recovering most of the funds deployed to Maple. Nexus Mutual expects to lose 2,461 ETH, or 1.6% of total assets, due to the default of Orthogonal Trading, an encrypted hedge fund and credit company, without affecting daily operations or the ability to pay claims.
Additionally, market maker Auros Global failed to repay a 2400 wETH loan to Maple and has another 6000 wETH outstanding active loan in the same pool. Nexus stated that the amount of this part of the loss is temporarily unknown, but it will not exceed the loss caused by Orthogonal Trading. As previously reported, investment institution Orthogonal Trading defaulted on eight loans on the encrypted lending agreement Maple Finance, totaling $36 million, accounting for about 30% of Maple Finance's active loan volume.
Lymex's capital pool was completely exhausted due to "technical error", LYM price fell by 99.93%
Odaily News Lymex, a decentralized financial derivatives trading platform, said: "A serious abnormal error in the Lymex network has caused a large amount of LYM to be transferred to addresses starting with 0x00e6. This incident was caused by a "technical error" and has been completely exhausted. The fund pool, the Lymex team is taking all necessary measures for an immediate full recovery.” In addition, according to PieDun’s monitoring data, the price of LYM fell by 99.93%, and the transferred funds have flowed into Binance.
