Produced by Odaily

Author | Wang Ye

Editor | Hao Fangzhou

Produced by Odaily

Last week, Libra released a new white paper and applied for a payment license to the Swiss Financial Market Supervisory Authority; the launch window of the Filecoin mainnet was postponed again, tentatively scheduled from July 20 to August 21; community governance has taken over the Compound protocol, Compound Labs will not sell or reserve COMP.

The following are overseas project progress and financing events:

Star Project Progress

According to Odaily statistics, there were 6 financing cases last week. It is worth noting that Crypto Finance AG, a Swiss holding company, has completed a US$14.5 million Series B round of financing. This round of investment was led by Swiss investor Rainer-Marc Frey and private equity firm Lingfeng. Capital jointly led the investment, and QBN Capital participated in the investment.

The following are overseas project progress and financing events:

Star Project Progress

Libra released a new white paper and applied for a payment license to the Swiss Financial Market Supervisory Authority

The "Future Plan" also mentioned that in the next few months, the Libra Association will work with the community to collect feedback from the Libra blockchain test network, focusing on issues such as security, performance, and scalability. The Libra Association will also hire a managing director and CEO, and will build an executive team.

In addition, Libra stated that it has submitted an application for a payment license to the Swiss Financial Market Supervisory Authority, which will be reviewed according to the updated white paper.

Maker Foundation launches 3 more votes, including reducing USDC stability fee from 12% to 8%

Maker Foundation launches 3 more votes, including reducing USDC stability fee from 12% to 8%

According to the official blog, recently, the interim governance coordinator of the Maker Foundation launched 3 more votes: 1. Reduce the USDC stability fee from 12% to 8%; 2. Increase the Sai stability fee from 8% to 8.5%; Dai stability fee reduced from 0.5% to 0%. Executive voting (FAQ) will continue until the number of votes exceeds the number of votes passed in the last executive voting.

On the afternoon of April 18, Tokenlon sent a message saying that the imBTC pool on Uniswap had been hacked and had been exhausted. Follow-up research by PeckShield security personnel found that Uniswap lost 1,278 ETH, worth about $220,000, in this attack. In addition, about 18.37 imBTC were acquired at a lower price by two arbitrageurs starting with 0x3195c3 and 0x17559a.

The specific attack method of this incident is: the hacker used the compatibility problem between Uniswap and ERC777, and used multiple iterations in ERC777 to call tokensToSend to realize the re-entry attack when conducting ETH-imBTC transactions. The loss of this attack was limited to the ETH-imBTC liquidity pool on Uniswap, and other DeFi protocols and BTC custody were not affected.

Harmony launched Stake Heist, and the fund pool was upgraded to 15 million ONE tokens

According to the official announcement, the sharding project Harmony and Gitcoin have reached a cooperation, and launched a two-week Stake Heist event at noon PT on April 17, and upgraded the event fund pool to 15 million ONE tokens (current price is about 2.34 million yuan) ).

image description

Image source: Harmony and Dreamlink

The launch window of Filecoin mainnet has been postponed again, tentatively scheduled from July 20th to August 21st

Filecoin released a roadmap and project progress update on the official blog last week, and stated that it will launch the second phase of the testnet during the window period from May 11th to May 17th, and at the same time set the estimated mainnet launch window at From July 20 to August 21. At the same time, Filecoin officially stated that it will provide more than 1 million FIL rewards to participants who participate in specific tests in the second phase of Testnet, and the rewarded FIL will be delivered after the mainnet is launched.

dYdX issued more than $1 billion in loans in the past year

Image source: Twitter

image description

Image source: Twitter

The privacy project Origo will be transferred to Origo DAO, and the foundation will not hold the private key of OGO tokens not held by the team
The privacy project Origo will be transferred to Origo DAO, and the foundation will not hold the private key of OGO tokens not held by the team
The privacy project Origo Foundation posted a blog last week stating that in order to achieve true decentralization, it will transfer rights to the community and use it as a community-driven platform to the decentralized autonomous organization Origo DAO.
The principles of Origo DAO are as follows:

2. No centralized party should control Origo online community chats, groups, etc.;

3. No centralized party should control Origo code development. Because open source code should be shared, created, edited and developed by every member of the community.

Community governance has taken over the Compound protocol, Compound Labs will not sell or reserve COMP

According to official news, the decentralized lending protocol Compound announced that its community governance has officially taken over the administrator of the protocol. From now on, all system parameter changes or new assets need to be initiated by the holders of its governance token COMP. The distribution details of COMP tokens have also been made public: a total of 10 million were issued, of which 23.96% have been distributed to Compound Labs shareholders; 22.26% will be distributed to founders and team members in 4 years; 3.73% will be distributed to future teams Members; 50.05% will be reserved for users of the agreement, more details will be disclosed in the next few weeks; and the developer Compound Labs will not sell or reserve any COMP.

The Algorand Foundation launches a new funding plan, which will distribute 250 million ALGOs in the next 2-4 years

EOS Latest Developments

Please refer to the OdailyETH weekly report

The latest developments in ETH

Please refer to the OdailyETH weekly report

Recent progress of BTC

Please refer to OdailyBTC Weekly Report

Investment and financing overview

Recent progress of BTC

Please refer to OdailyBTC Weekly Report

SOSOLX International received a strategic investment of US$5 million from GED

SOSOLX International (Korea headquarters) recently received a strategic investment of US$5 million from GED co., Ltd, a well-known Korean IoT company. At the same time, DAVID KANG, CEO of South Korea’s GED, said: “In the future, we will cooperate with SOSOLX in various aspects such as international financing, market, technology, and community, and jointly promote SOSOLX’s global business development, and strive to build SOSOLX into a global blockchain. Financial service terminal." At present, SOSOLX has established branches in China, Indonesia and other regions to develop markets and serve local users. In the future, we will further develop Japan, Southeast Asia, North America and other regions.

Airwallex completes $160 million financing led by ANZ and Salesforce

Airwallex, an Australian fintech unicorn and member of RippleNet, announced the completion of a new round of financing of US$160 million, led by ANZ Investment, one of the four major Australian banks, and Salesforce, a cloud software company. Existing investors Tencent, Sequoia Capital China, DST Global and Horizons Investment also participated in the investment. As of April 16, the cross-border payment platform has so far raised US$362 million.

Swiss encryption company Crypto Finance AG completes $14.5 million in Series B financing

Swiss holding company Crypto Finance AG has completed a US$14.5 million Series B round of financing, which was jointly led by Swiss investor Rainer-Marc Frey and private equity firm Lingfeng Capital, with participation from QBN Capital.

Crypto Finance AG operates three subsidiaries Crypto Fund AG, Crypto Broker AG and Crypto Storage AG. The Series B funding will be used to meet the capital requirements for Crypto Broker AG to obtain a broker-dealer license from the Swiss financial regulator FINMA.

XMEX received US$6 million in Series A financing, with the participation of Huihui Fund and Kylin Group

XMEX, a derivatives trading platform, has completed Series A financing of US$6 million. Investors participating in this round of financing include Asia's first compliant cryptocurrency fund Circle Fund (return fund) and Kylin Prime Group (Kylin Group).

Atomic Loans completes $2.45 million in angel round financing led by Initialized Capital

Atomic Loans has closed a $2.45 million angel round led by Initialized Capital, with participation from Joe Lallouz and Aaron Henshaw of ConsenSys, Morgan Creek Digital and Bison Trial. It is reported that Atomics Loans is a startup that allows users to deposit Bitcoin and obtain loans in DAI and USDC.