During the week from May 31st to June 6th, the events worthy of attention in the progress of star projects include: Solana plans to raise 300 million to 450 million US dollars; Kusama has launched the first public welfare parachain Statemine; Gitcoin will be launched on June 16 Launched the 10th round of donations for 20 days; Uniswap v3 and Sushiswap have been deployed on the Arbitrum mainnet; Aave is about to add NFT as collateral.
public chain
public chain
Solana seeks to raise $300-450 million
Solana, a public blockchain project, is raising between $300 million and $450 million. Solana originally planned to complete a small amount of financing in March, but decided to increase the amount of financing due to strong demand. Although Solana declined to comment on the financing information, in a recent interview, Solana executives did not deny the financing information.
Previously, Solana has conducted multiple rounds of fundraising history, raising a total of more than 26.5 million US dollars. The historical token sale situation is as follows: in March 2018, it raised 3.2 million US dollars through the seed round, and in June 2018, it raised 12.6 million in the creation round. In July 2019, the validator round raised $5.7 million, in February 2020, it raised $2.4 million, and in March 2020, it raised $1.76 million through token auctions on CoinList. (Decrypt)
Kusama has launched the first non-profit parachain Statemine
The parachain Shell has been officially upgraded to the Statemine asset parachain, which means that the Kusama network has officially launched the first public welfare parachain Statemine, and it is currently running stably. According to the plan previously revealed by Gavin and the Polkadot team, after Statemine is running stably, the Kusama slot auction will begin.
The Fantom Foundation provides a new round of grants to 8 projects
The Fantom Foundation announced that it will provide a new round of grants to a series of projects to accelerate network development. The 8 projects that received the grant this time are: Coordinape, APY Vision, Cryptokek, Millennial Finance, Mushroom, SpookySwap, SpiritSwap, Hyperjump. It is reported that Fantom is a modular, scalable and customizable smart contract platform. Lachesis is an aBFT consensus algorithm developed by Fantom, which is fully compatible with the Ethereum Virtual Machine (EVM) and can be integrated with the Cosmos SDK. (Crypto Ninjas)
Algorand releases version 1.0 of the ALGO Builder platform to help build DApps
Algorand (ALGO) released version 1.0 of the ALGO Builder platform, which will help enterprises and hackathon projects build DApps. The release follows ten months of development on Algo Builder, which provides a framework that allows developers to build, test, deploy and maintain projects while providing access to advanced libraries. This release aims to accelerate how simple, efficient and scalable Algorand applications become.
Cardano plans to launch its first cross-chain bridge to Nervos in six weeks
DeFi and related infrastructure
DeFi and related infrastructure
Uniswap v3、Sushiswap has been deployed on the Arbitrum mainnet
On June 5, Uniswap officially tweeted that in response to community votes, Uniswap v3 has been deployed on the Arbitrum mainnet. Uniswap also pointed out: Arbitrum is currently in whitelist-only mode, and once it is open to all users, Uniswap v3 will run immediately.
In addition, SushiSwap has also announced earlier that it has completed deployment on Arbitrum.
Aave founder: Aave will soon add NFT as collateral
Aave founder Stani tweeted that Aave will soon add NFT as collateral.
Sam Kazemian, founder of the algorithmic stablecoin protocol Frax Finance, tweeted to suggest that SushiSwap develop and launch its own blockchain, Sushichain, to facilitate exchanges with other blockchain assets. Dave Liebowitz, the business growth director of the Gelato project, then released a corresponding proposal in the SushiSwap discussion area and said that such a move will solve the problem of SushiSwap's current liquidity segmentation on various blockchains. Ethereum, Polygon and Fantom blockchains The value locked in SushiSwap deployments were $4.3 billion, $649 million, and $65 million, respectively.
YFI core developer: Yearn v2 protocol total income has exceeded 50 million US dollars
Banteg, the core developer of yearn.finance (YFI), tweeted that the gross revenues of the Yearn v2 protocol just exceeded $50 million.
On-chain transaction aggregator 1inch Network adds OTC and Flashbot transaction functions
1inch Network, an on-chain transaction aggregator, announced that it will launch a cryptocurrency OTC function, users can receive accurate quote amounts, provide users with zero slippage transactions, and avoid front-running transactions.
In addition, 1inch Network has also added the Flashbot transaction function. After 1inch users choose Flashbot as the transaction type, the transaction will not be seen by the third party in the memory pool when the memory pool remains in the pending state, avoiding potential losses caused by pre-emptive transactions until Public transaction information after the transaction is added to the block. The fee mechanism for Flashbot transactions to pay rewards to miners is different from traditional transactions, and its transaction fees will always be zero, and the commission amount will be included in the Ethereum price. In addition, for Flashbot transactions, users can manually set the gas price from the confirmation window, but a low gas price will cause the transaction to wait longer in the mempool.
Curve Finance team members tweet hinting that Curve v2 is coming soon
Charlie, a member of the Curve Finance team, tweeted that he saw a new integration on 1inch Network. The picture shows the ETH/USDT trading pair on Curve v2, implying that Curve v2 will be launched soon.
Decentralized Exchange Protocol 0x Protocol Launches DEX Liquidity Aggregator API on Polygon
The decentralized exchange protocol 0x Protocol has launched a DEX liquidity aggregator API on Polygon. The 0x API on Polygon has major Ethereum-based DEX liquidity channels, such as SushiSwap, Dfyn, and Curve, as well as Dodo, mStable, QuickSwap, and Cometh. (Cointelegraph)
0x’s DEX aggregator Matcha released version v2. The new version has a built-in MoonPay fiat currency entrance, which can be used to conduct quotation transactions with professional market makers through Matcha OTC to avoid problems such as high slippage and “sandwich attacks”. In addition, in addition to supporting Ethereum and In addition to Binance Smart Chain (BSC), Matcha v2 already supports the Polygon network. Additionally, the new version adds token watchlists and portfolio tracking.
Cross-chain DeFi operating system Reef Finance launched a $20 million Grant plan
Cross-chain DeFi operating system Reef Finance has launched a $20 million Grant program for developers. Reef Finance will finance the project development process and equip promising blockchain projects with infrastructure. The team emphasized that any project involving a significant use case in the blockchain industry can apply for funding, with a focus on DeFi and NFTs. (U. Today)
Injective integrates with NEAR to expand multi-chain transaction ecosystem
News Injective will integrate with NEAR to further expand the cross-chain transaction ecosystem. The partnership will bridge assets between Injective and NEAR through Aurora, which provides a smart contract platform that supports NEAR and Ethereum compatibility. Through the integration with NEAR, Injective will be able to launch derivatives based on NEAR tokens as well as native assets built on the NEAR blockchain.
DODO smart contract has been deployed to Arbitrum mainnet
The decentralized trading platform DODO announced that its V1 and V2 smart contracts have been deployed to the Ethereum expansion network Arbitrum main network, and the fully integrated script is ready. In the next few weeks, DODO will add front-end support to the Arbitrum main network, Includes wallet integration. DODO becomes one of the first decentralized applications on the Arbitrum mainnet.
Polkastarter launches Ethereum Layer 2 network Polygon
Polygon, the Ethereum expansion solution, announced a partnership with the financing platform Polkastarter, aiming to provide efficient token financing functions to improve performance and reduce costs.
Polkastarter is a fully decentralized protocol built for cross-chain token pools and auctions, which also helps projects raise funds on the platform.
The DeFi lending platform bZx is about to launch on the Polygon network
The decentralized lending platform bZx officially stated on Twitter that it will soon launch the Polygon network, initially supporting AAVE, LINK, WMATIC, USDT, USDC, WBTC, WETH, and BZRX. Details will be released later.
According to official news, the risk-graded derivatives agreement BarnBridge officially announced that it has activated the Aave and Cream Finance incentive pool contracts.
Gitcoin will launch the 10th donation round on June 16th for 20 days
Open source software funding platform Gitcoin will launch its 10th round of donations on June 16 for 20 days. In the 9th Gitcoin donation event, the community contributed a total of more than 1.38 million US dollars, of which 500,000 US dollars came from the matching donation pool.
Plasm Network completes the first cross-chain virtual machine X-VM transaction
According to official news, Polkadot’s ecological smart contract platform Plasm Network tweeted, “The first cross-chain virtual machine X-VM transaction has been completed, and WebAssembly smart contracts can be called from the Ethereum Virtual Machine (EVM) on the Plasm network.” As previously reported, Plasm Network is researching and developing a cross-chain virtual machine X-VM on its canary network Shiden Network. Shiden Network is the canary network of Plasm Network, which aims to become a multi-virtual machine and multi-chain DApps hub on Kusama, while supporting Ethereum Virtual Machine (EVM) and WebAssembly, and will allow these two virtual machines to interact with each other.
Ethereum Decentralized Storage Network Swarm Will Soft Launch Bee Mainnet on June 13
The Ethereum decentralized storage network Swarm Foundation announced that it will soft-launch the Bee mainnet on June 13, 2021. According to Swarm, the Bee client has been running for some time now, and projects such as Fairdrive, Waggle, Swarm.city, Beefree, Ready Fighter One, Atelier Ludensis have adopted the Swarm Network and used it for their DApps. The network is currently ready for a full mainnet launch, as well as the deployment and distribution of BZZ tokens.
DAO Solution Provider Aragon Announces Aragon Voice Beta Release on Ethereum Mainnet
secondary title
Layer2
Arbitrum is undoubtedly the absolute focus of the Layer 2 track this week. As mentioned in the DeFi section above (the newly added DeFi projects in the Polygon ecosystem can also be seen in the above section), Uniswap, Sushiswap, DODO and other projects have completed deployment on Arbitrum this week; others The important progress of the project this week is as follows:
Ethereum's second-layer solution zkSync 2.0 launched the alpha version of the zkEVM test network
According to official news, Matter Labs, an Ethereum expansion project, announced that zkSync 2.0, the second-layer solution for Ethereum, has launched the Alpha version of the zkEVM test network. Users can already use the block browser to view activities on zkSync 2.0. The main achievements of this version include the completion of the zkEVM instruction set; smart contracts written in Solidity and Zinc can now be compiled into zkEVM bytecode; complete full-node integration, and the ability to successfully deploy and execute compiled smart contracts. Matter Labs said that when the zkEVM and node 2.0 version editor are 100% complete, access to zkEVM, editor and core SDK will be opened.
According to official news, the Ethermine mining pool announced that it will provide its miners with a new payment method through the Ethereum expansion solution Polygon. This feature allows miners to receive micropayments as low as 0.005 ETH per day, settle earnings in USD tokens, and increase earnings by participating in DeFi while mining. Additionally, Ethermine added manual payment requests for balances greater than 0.005 ETH.
The Ethereum Layer 2 transaction protocol ZKSwap (ZKS) stated that because angel investors are optimistic about and support the future development of the ZKSwap project for a long time, after many consultations, it was unanimously decided to continue to lock the remaining tokens to be unlocked by angel investors. The unlocking of the second batch of tokens will be delayed until September, and will be unlocked in 12 months. About 4 million ZKS will be unlocked each month, accounting for about 1.6% of the total circulation.
Currently, the ZKSwap team is preparing for the launch of the V2 version, which is expected to be officially launched at the end of June. The new version will provide Layer2 unlimited self-service currency listing function.
NFT
After teaming up with Fanatics chairman Michael Rubin and Belarusian-American entrepreneur Gary Vaynerchuk, Galaxy Digital CEO Mike Novogratz has launched a new company called Candy Digital, focusing on NFT and digital collectibles. The company has already partnered with Major League Baseball (MLB) for the first time. In April, MLB also partnered with Topps to launch its first NFT collectible. It is reported that Candy Digital’s token sale will be driven by Palm, an Ethereum-based platform. (U. Today)
Ethereum Browser Etherscan Has Enabled NFT Tracking Tool
Etherscan enables users to “track most NFT activity on ethereum,” after unveiling its new non-fungible token transfer tool on June 1. The new feature will help bring transparency to a large part of the NFT market and may help new investors determine the value of an NFT, as they can now view its entire price history, trade dates, and minting dates. (Cointelegraph)
FTX launched the NFT trading market and started shooting "SBF Lunch" NFT
According to official news, FTX is now on the NFTs platform (ftx.com/nfts). Users can bid, buy NFTs or auction their own NFTs on the FTX NFTs platform. At the same time, users can save NFT in FTX's NFT gallery, and holding NFT can be used to redeem certain goods or services. Users can also display their NFT collections in FTX's NFT gallery. It should be noted that NFT works cannot be refunded once purchased, and US users cannot trade on FTX, but can view NFT on FTX US.
In addition, the "SBF Lunch #1" NFT was officially launched on the NFT trading market and launched an auction. Collectors who successfully bid for this NFT will have a chance to have lunch with SBF.
According to official news, Binance announced the second batch of creators on its NFT platform. : The Nyan Sum Cards” collectible (available only through NFKings Productions).
Playboy launches animated NFT on NFT marketplace Raretoshi
security incident
security incident
Filecoin Network Appeared "Cash Attack", Many Nodes Lost Computing Power
On the morning of June 3, a message suddenly appeared on the Filecoin network that it could not be uploaded to the chain. The news of the space-time proof was not packaged, and the computing power of multiple nodes decreased. As of 13:00 noon, the computing power loss of the entire network exceeded 91PiB. Some industry experts pointed out that the reason for the loss of computing power of the entire network is that the gas limit and gaspremium settings of the f0134006 node are too high, resulting in too few messages that can be packaged in each block, and the windowpost messages cannot be uploaded to the chain in time, resulting in the loss of computing power of some nodes. (IPFS Chinese Community)
The BSC lending agreement Venus officially released an article disclosing the process and results of the previous XVS large-scale liquidation incident. According to the survey, the liquidator made a profit of about 20 million U.S. dollars, the seller made a profit of about 55 million U.S. dollars; the "scalper" made a profit of about 2 million U.S. dollars; the net loss of the 0xef044 address account was about 66 million U.S. dollars. Second, its address attribution is based on the Swipe escrow address used on Binance, so there is no insider trading. About $77 million was lost due to market volatility agreements. VGP will recover about 77 million USD from the distribution fund, and develop a community recovery plan for XVS holders, etc. in the form of airdrops from the distribution fund and agreement revenue. Since then, the entire leadership has changed, and Swipe will no longer be responsible for project management, and will introduce a new Venus committee, which will entrust voting weight and control, and strengthen risk control.
BurgerSwap, the first automatic market maker on the BSC chain, suffered another flash loan attack
In the early morning news of June 5, PeckShield alerted that BergerSwap, the first automatic market maker on the BSC chain, was once again attacked by flash loans, causing the price of Dekbox ($DEK) to drop sharply.
SiaStats tweeted that the Sia network, a decentralized storage project, has been attacked by DDoS in the past two days. The targets of the attack are the hosts and storage providers of the network, and about 30% of the hosts were interrupted. SiaStats stated that network functions were not affected, and some host operators indicated that their Internet connections were interrupted. Affected operators can contact the Sia Foundation to mitigate the attack. The economic loss caused by the attack to the host is not much different from the normal time. The attack did not cause significant damage and the network continued to function normally.
According to official news, BurgerSwap, the first automatic market maker on the BSC chain, released a compensation plan. At block height 7781159 (before 06:54:46 PM on May 27th, UTC time), holders of BURGER LP under attack will be eligible Get compensated. The compensation plan is structured as follows:
1. New Token - cBURGER
A compensation token - cBURGER will be airdropped to those eligible users proportional to the value of their BURGER LP holdings prior to the attack.
2. cBURGER compensation pool
A cBURGER compensation pool containing $7 million worth of BURGER will be created, and compensation rewards will be funded by revenue generated from the BURGER and BurgerSwap functions allocated to the team. Compensation should be distributed linearly within 90 days, and all cBURGER holders can receive compensation by depositing their cBURGER into the cBURGER compensation pool.
According to official news, on June 1, the BSC smart pool + stablecoin exchange agreement Belt issued a compensation plan after being hacked:
1. Airdrop the new token r4BELT to the damaged users of the 4Belt fund pool. Users need to stake their 4BELT and the newly received r4BELT as PancakeSwap LP on Belt Finance to get compensation. Compensation comes from 67% of Belt tokens added daily by the Belt team.
2. Create a $3 million Belt buyback fund. Part of the funds comes from Belt’s IFO funds in pancakeswap, which is about $1.5 million. This will increase the Belt's purchasing power as well as increase the yield of the vault.
3. Negotiate with other protocol teams to return some of the funds they received to users. Belt will open withdrawals at 15:00 on June 2, Beijing time.
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