In the week from January 4th to January 10th, the events worthy of attention in the progress of star projects include: EOS founder BM resigned as Block.one CTO; DFINITY mainnet Mercury milestone was launched; Sushiswap and DODO released their 2021 routes Figure; Aavegotchi postponed the launch of the main network and considered launching a Layer 2 expansion plan on the Matic network.
Star Project Progress
The following are specific project progress and financing events:
Star Project Progress
EOS Founder BM Resigns as Block.one CTO
EOS founder Daniel Larimer (BM) posted on Hive and Voice successively, saying that he will resign from the position of CTO of Block.one. “I have worked with Brendan and block.one for the past 4 years and am proud that I was able to create and launch the EOSIO software with the help of a group of extremely talented engineers. But all good things come to an end. As of December 31, 2020, I have resigned from my position as Chief Technology Officer of Block.one. I will continue to work to create free-market, voluntary solutions that secure life, liberty, property, and justice for all. I don't know exactly what I'm going to do next, but lean toward building more censorship-resistant technology. I don't feel like there's a lot of 'freedom as a service' on the market, so I'm going to focus on creating tools that people can use to ensure their own freedom. I wish Block.one all the best for the future. "
DFINITY Mainnet Mercury Milestone Launched
The DFINITY mainnet Mercury milestone is online. The Alpha stage of the Internet computer main network was officially released. Mercury is the last of the five milestones of the Internet computer, representing the Internet computer will become part of the public Internet, using ICP as a complementary Internet protocol to TCP/IP. Since the launch of the main network, Internet computers have created more than 400,000 blocks. NNS is preparing to settle in 32 independent data centers before the end of the first quarter of 2021, and establish 100 before the end of 2021, and thousands of blocks by 2030. The goal of an independent data center.
Polkadot test network Rococo V1 will open parachain test qualification registration on January 11
According to the official Polkadot chat room news on the evening of January 4, the Polkadot test network Rococo V1 will open the parachain test qualification registration on January 11.
Sushiswap released the development roadmap for 2021, the main contents include: Sushiswap will transfer to a new domain name to better reflect its forward direction. It is no longer an AMM, but part of an open organization in the Yearn ecosystem; Sushiswap will transfer all different merged the user interface into one, and will also support IPFS.
Sushiswap releases 2021 roadmap: it will transfer to a new domain name and support IPFS
Sushiswap released the development roadmap for 2021, the main contents include: Sushiswap will transfer to a new domain name to better reflect its forward direction. It is no longer an AMM, but part of an open organization in the Yearn ecosystem; Sushiswap will transfer all different merged the user interface into one, and will also support IPFS.
In terms of governance, according to the progress of Aragon v2 x Snapshot, Sushiswap attaches great importance to this model for its own governance. Another option is to follow the steps of Synthetix, and a selection by a committee of community members voted by the community, with the goal of completing this transition by Q4 2021.
In terms of integration work, integrate cross-chain AMM supported by (Rune/Moonbeam); Polkadot/Moonbeam is expected to implement a live test version of Sushiswap on Kusama in Q2; MEV integration through ArcherDAO; incentivize teams, wallets, dApps and protocols through Enable the 0.1 times release pool to build on Sushiswap; provide technical support for projects that locally integrate Sushiswap.
In terms of Layer 2 work, which will keep pace with the larger Yearn ecosystem, zk-rollups are a priority.
Additionally, the Miso smart contract deployment is nearing completion and will be audited in Q2.
Compound launched a new proposal to recalibrate the allocation speed of COMP according to the market
Compound Labs officially tweeted that Gauntlet has launched Proposal 35, planning to recalibrate the distribution speed of COMP according to the market, as a benchmark for A/B testing the optimal amount of COMP release in future proposals. According to the previous Proposition 33, the COMP allocation speed is now set by governance (by calling the market given by setCOMPSpeed), and no longer automatically/dynamically adjusted according to the borrowing demand. The community now has the power and responsibility to distribute COMP by the market.
According to previous reports, Compound passed Proposition 33, which is to cancel the automatic compensation of COMP to reduce the cost of Gas and allow the governing body to allocate COMP according to the market (rather than dynamically allocate according to borrowing needs).
DODO announces 2021 product roadmap: V2, V2.1, V2.5 and V3 versions will be updated
After the decentralized trading platform DODO released the 1.5 version of SmartTrade, the daily activity increased by 50%, and the cumulative transaction volume was nearly 1 billion US dollars. In the 2021 roadmap, the official said that the V2, V2.1, V2.5 and V3 versions will be updated. Among them, the DODO V2 version focuses on the growth of the long-tail market, and will develop functions such as liquidity crowdfunding, unilateral liquidity public offering, support for liquidity pool creators to customize market making, compatibility and support for auctions, stable currency transactions, and classic AMM; DODO V2.1 version starts token upgrade and starts governance; DODO V2.5 version will launch low Gas limit order, consider integrating Keep3r and MetaWallet; DODO V3 version will launch a decentralized derivatives trading market.
The Aave ecological NFT game Aavegotchi announced that the main network will be delayed, and will give priority to the Layer 2 expansion plan, which is most likely to be launched on the Matic network. Aavegotchi said the decision was made because of the recent crazy gas fees and the extreme volatility of the Ethereum network. The official said that they hope to support Layer 2 by the end of this month. Aavegotchi on Layer 2 means no gas fee, faster transaction confirmation, and a good gaming experience. An updated version of the roadmap will be released within the next 72 hours. Aavegotchi also mentioned that Opensea, one of the largest NFT trading platforms, has confirmed that they will be launching on the Matic Network soon.
According to previous reports, Aavegotchi said that it plans to launch the mainnet on January 4, based on the just-launched Aave V2 protocol.
Marlin Protocol Announces Launch of POND/MPond Bridge
The Layer 0 expansion project Marlin Protocol announced that it has launched the POND/MPond bridge on January 6. Users who wish to operate Marlin nodes in Larvanet can now convert POND to MPond, the conversion ratio is: 1 million POND = 1 MPond.
Alpha Homora V2 to be released this month
Alpha Finance Labs tweeted that its Alpha Homora V2 will be released this month, and Cream Finance, SushiSwap, Balancer, and Curve will join as partners to drive the growth of the entire DeFi. In this regard, YFI founder Andre Cronje said that in the integration of Cream V2, Alpha Homora V2, and YearnV2, all vaults will become leveraged vaults, and cross-asset strategies become feasible. These cross-platform strategies allow up to 90 times leverage for stablecoin assets and up to 80 times leverage for ETH.
The DeFi insurance protocol Unslashed Finance announced that it will soon launch the mainnet in an invitation-only manner. Users with an invitation code will be able to start providing funds to a single capital pool (Capital Pool) or provide funds to a diversified portfolio of capital pools (Capital Buckets) , You can also withdraw funds at any time, but there will be a 48-hour waiting time for withdrawals. Plus, Unslashed Finance offers participants a 1.5x incentive for the first few weeks. Unslashed Finance has conducted two rounds of testing and conducted two audits in the past few weeks.
DeFi insurance protocol Umbrella Protocol launches Alpha test version and starts internal testing
The DeFi insurance protocol Umbrella Protocol developed by the Yam Finance team announced the launch of the Alpha test version and the launch of internal testing. The beta version will be launched on the mainnet. The upper limit of funds for users to participate in the test is $10,000, and the test will last for two weeks.
The decentralized lending platform bZx announced that it is integrating the avalanche protocol Avalanche. The integration aims to provide margin trading and lending services to Avalanche's DeFi ecosystem, and is expected to be completed in the first quarter of 2021.
Huobi ecological chain Heco announced that it will integrate Chainlink oracles
Security Incident and Follow-up
Security Incident and Follow-up
The DeFi insurance agreement Cover Protocol announced the official launch of the new COVER token, which is currently available for users to claim. 1 SAFE can be exchanged for 0.9 new COVER, 1 SAFE2 can be exchanged for 1 COVER, old COVER tokens and new COVER tokens can be exchanged one to one. Also eligible to obtain new tokens are the liquidity providers of the COVER/ETH pool on Uniswap, the liquidity providers of the COVER/ETH pool on SushiSwap, and the COVER liquidity providers of Balancer.
In addition, Cover Protocol reminds users not to send any tokens to COVER's old official address, new official address and SAFE2 address.
Origin, which was attacked by flash loans, will re-launch the stable currency OUSD
After the flash loan attack, Origin is preparing to re-launch the stablecoin OUSD. From now on, users can once again exchange USDC, USDT, and DAI for OUSD.
According to previous reports, the Origin Protocol stablecoin OUSD was attacked by a flash loan. This attack caused Origin Protocol to lose a total of $2.25 million in DAI and $1 million in ETH. (CoinDesk)
Investment and financing overview
Investment and financing overview
Marathon Patent Group, Inc., one of the largest bitcoin mining companies in North America, announced the completion of $200 million in financing. In its latest report, Marathon Patent Group said that following a previously announced spot offering, the company ended fiscal 2020 with $217.6 million in cash and 74,656,549 shares outstanding. The company plans to use the funds to purchase a large number of bitcoin mining machines from Bitmain and further expand its business. (CoinDesk)
BC Technology Group placed 45 million shares at a discount of 19.35%, raising nearly HK$700 million
BC Technology Group (00863) announced that it placed 45 million shares (accounting for 13% of the company's issued share capital) at a price of HK$15.5 per placement share, a 19.35% discount to yesterday's closing price of HK$19.22, and the total proceeds were approximately was HK$697.5 million. Morgan Stanley was appointed as the exclusive placement agent. BC Group CEO Hugh Madden said the funds raised will be used to help meet institutional trading needs and boost its software-as-a-service business. Note: BC Technology Group is the parent company of the regulated cryptocurrency platform OSL. (CoinDesk)
According to the official announcement of Findora, according to the foundation’s analysis of the current environment of the encryption market, after discussions with the foundation, it has decided to make strategic adjustments to this round of public offering. 1:00 on January 10) This round of public offering will end early. It is reported that this round of public offering started at 12:00 PM on December 28, 2020 (Beijing time at 1:00 on December 29), and was originally planned to be held at 10:00 PM on January 11, 2021 (Beijing time). The time will end at 11:00 on January 12). According to official data, the total amount of funds raised in this round exceeds 40 million US dollars, and thousands of institutions and individuals who have passed KYC requirements from more than 70 countries or regions participated.
Canadian listed mining company Bitfarms Ltd. has signed a subscription agreement with certain institutional investors to privately issue its equity securities in the United States, with a total proceeds of approximately 20 million Canadian dollars. The equity securities consist of 8,888,889 common shares and warrants to purchase an aggregate of 8,888,889 common shares at a purchase price of C$2.25 per common share and related warrants. The warrants have an exercise price of C$2.75 per share and an exercise period of three years. The net proceeds from the private placement will be used primarily for the company to acquire more mining machines, expand its infrastructure and improve its working capital position. This round of private placement is expected to close on January 6, 2021. (Globe Newswire)
Cryptocurrency company Eligma raises 4 million euros, led by Bitcoin.com
Slovenian cryptocurrency company Eligma has received 4 million euros in financing, led by Roger Ver's company Bitcoin.com, bringing the company's valuation to 50 million euros.
Sweden-based game studio Antler Interactive has raised $2.1 million for its blockchain game My Neighbor Alice, with participation from Neo Global Capital (NGC), Bitscale Capital, Genesis Block, Kyros Ventures, Coin99 Ventures, Augment Ventures , Btx Capital, X21 Digital, and Asymm Ventures, as well as angel investors including Felix Xu, co-founder of ARPA and Bella Protocol, and Ryan Fang, co-founder of Ankr Network.
Furucombo raises USD 1.85 million, Multicoin Capital and others participate in the investment
Furucombo, a composable DeFi aggregation platform, announced the completion of US$1.85 million in financing. Investment institutions SevenX Ventures, Defiance Capital, 1kx, Multicoin Capital, DeFi Capital, BTC12 Capital, Aave founder Stani Kulechov, and investor Ronald Yu participated in the investment. Furucombo hopes to use the funds to expand its team and launch v2 of its platform. (The Block)
SynFutures, an open synthetic derivatives trading market, announced the completion of a US$1.4 million seed round of financing, led by investment institutions Dragonfly Capital and Standard Crypto. The first version of SynFutures will support futures products. The contract has passed the audit of Paidun and will be launched in the near future.
Web3API DAO Receives USD 1 Million in Financing, Gnosis, LD Capital and Others Participate
Web3API DAO recently received USD 1 million in seed round financing. Participating investors include Rarestone Capital, TRGC, Gnosis, Autark Ventures, MANTRA DAO, ZMT Capital, Ascensive Asset Management, D1 Ventures, Koios, Atka Capital, Vendetta Capital, Faculty Group, LD Capital, IOSG Ventures and A195 Capital and other institutions, as well as StakeHound CEO Albert Castellana, Squad Games co-founder Jesse B. Miller.
Decentralized Token Exchange Protocol Poolz Completes $1 Million Private Token Funding Round
The decentralized token exchange protocol Poolz completed a $1 million native token private placement round of financing and received 25 times oversubscription. This round of financing was led by Foundry (DuckDAO and Ferrum) and blockchain VCs such as Genesis Block, 7X Ventures and Alphabit. Leading the round, with other participants including GBV Capital, Phoenix Capital, DuckDAO, Aggressor Ventures, and OMS Capital, this round of financing will be used to facilitate the development of the Poolz cross-chain protocol to facilitate DeFi token swaps and third-party fundraising.
Apron Network, a decentralized infrastructure platform on the Polkadot ecosystem, announced the completion of a seed round of financing, with Vega Ventures, PAKA, NGC Ventures, Digital Renaissance Foundation, DFG, and Candaq participating in the investment.
Apron Network is committed to building a decentralized infrastructure service network platform, providing application developers, application users and infrastructure operators with a decentralized network based on blockchain technology infrastructure services. Apron Network will provide Kusama and Polkadot ecology with infrastructure services such as node services, on-chain data indexes, random numbers, and quotes.
Global Payment Network Roxe Receives Strategic Investment from Zero To First Capital
Roxe payment network (hereinafter referred to as"Roxe") announced the completion of the seed round of financing, the investor is Zero To First Capital. Roxe is a next-generation global payment network that adopts a digital token model and conducts peer-to-peer transactions through the Roxe payment protocol, providing safer, more reliable, real-time clearing and cross-border settlement services for payment and remittance, traditional assets and digital assets. Roxe is compatible with the existing financial system, that is, banks, payment and remittance companies can enjoy the speed and cost of encrypted settlement without directly transacting with any cryptocurrency.
Blockchain agtech startup Agri10x secures seed funding from Omnivore
Agri10x, an agricultural technology startup, has received an undisclosed amount of seed funding from Omnivore. Agri10x's blockchain and AI-based platform connects farmers directly with traders and buyers and lets them sell their produce at competitive prices.
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