Star Project Weekly | Polkadot plans to start parachain auction on November 11; Binance launches $1 billion BSC ecological fund (10.11-10.17)
During the two weeks from October 11th to October 17th, the events worthy of attention in the progress of star projects include: Polkadot’s first parachain auction is scheduled to start on November 11th; Binance launched a $1 billion fund to focus on the development of Binance Smart chain ecosystem; Arbitrum will launch a new version of Nitro based on WASM, which can increase code execution speed by more than 20 times; Matter Labs will migrate Uniswap V2 smart contracts and front-ends to the zkSync 2.0 test network; Coinbase will launch the NFT market Coinbase NFT at the end of the year.
public chain
public chain
Polkadot’s first parachain auction is scheduled to start on November 11
According to Polkadot's official Twitter message, Proposal No. 118 has been submitted to the Polkadot Council, and the auction is scheduled to start on November 11, 2021. If the council approves and the community passes the referendum, Polkadot’s parachain auction schedule is as follows: The first batch of auctions will start on November 11, with a total of five auctions (auction 1-5), each 7 days, and the lease period is 6 from Started on December 17; the second batch of auctions will start on December 23, with a total of five auctions (auctions 6-10), each 7 days; auction 11 starts on March 3, 2022, and the lease period of 7 starts from 3 Starts on 9th.
Binance Launches $1 Billion Fund Focused on Growing the Binance Smart Chain Ecosystem
Binance announced on Tuesday the launch of a $1 billion fund to grow the Binance Smart Chain (BSC) ecosystem. The fund is divided into four categories: Talent Development Program, Mobility Incentive Program, Builder Program and Investment Incubation Program. Specifically: $100 million will go towards talent development programs aimed at mentoring the developer community, providing academic scholarships to institutions, and supporting crypto and blockchain-related R&D activities. 100 million US dollars will be used for the liquidity incentive plan, which will reward liquidity providers who support the BSC-based DeFi protocol. $300 million will go to the builders program, which is further divided into two subcategories: $100 million for hackathons, bug bounties and development programs, and $200 million for incubating 100 DApps built on top of the BSC. The $500 million will be used for investment and incubation programs aimed at investing in startups in various fields, including decentralized computing, gaming, metaverse, virtual reality, artificial intelligence, and blockchain-based financial services. (The Block)
Solana Foundation launches server plan to further decentralize Solana network
The Solana Foundation announced that it has cooperated with many data center operators around the world to fully launch the server plan. This plan allows Solana network nodes to use high-quality bare-metal servers directly through various data center providers to further decentralize the distribution of Solana network nodes, make it more decentralized, and promote the development of Solana network validators and related communities. Currently, the Solana Foundation has launched a server plan agreement, and qualified node verifiers can participate in the plan after KYC certification.
Algorand's first phase of community governance officially begins
According to official news, at midnight on October 15th, the registration window for the first phase of the Algorand community governance plan was closed, and the first governance period officially began.
It should be noted that by the end of 2021, all Algo holders will continue to receive participation rewards, which will be sent directly to their accounts as before. On the other hand, governance rewards will be open for claim after the first governance period ends. Please note that the governor must ensure that the balance of his governance account is not lower than the number of Algos he originally promised, otherwise he will lose his governance qualifications and corresponding rewards for this period.
According to official news, the EOS Foundation announced the second batch of funding lists, donating $100,000 of EOS to 11 projects each, with a total of $1.1 million to support the EOS DeFi ecosystem. These projects are: Defibox, EOSDT, SOVDEX.IO, Vigor Protocol, DeFis.Network, Newdex, Organix Protocol, Pizza - EOS ProFi, DAPP Network, pNetwork, DAPP Account DAO. The EOS Foundation officially expressed its gratitude to these projects for their persistence in the EOS ecosystem and their achievements.
The core members of the Fantom team put forward a proposal to deploy Aave V2 on Fantom
The core members of the Fantom team put forward a proposal in the Aave community to deploy Aave V2 on the Fantom Opera blockchain to expand Aave's lending market. The Fantom team will provide incentives for the Aave market on Fantom. If the total lock-up volume (TVL) reaches 5 million US dollars, it will provide 1 million FTM rewards; if the TVL reaches 50 million US dollars, it will provide 1.8 million FTM rewards; if the TVL When the TVL reaches 100 million US dollars, 5 million FTM rewards will be provided; if the TVL reaches 200 million US dollars, 12 million FTM rewards will be provided. The above rewards will be released linearly over 12 months.
DeFi and related infrastructure
DeFi and related infrastructure
According to official news, SushiSwap announced to join Celo's "DeFi for the People" program and start a $12.6 million liquidity mining reward. At present, the rewards are issued through the WETH/CELO, WETH/cUSD, WETH/cEUR and cEUR/cUSD liquidity pools, which will be launched at 4:00 pm Eastern Time on October 14th. At the same time, SushiSwap will add more types of liquidity pools to provide rewards in the future.
Curve listed Harmony and supported DAI-USDC-USDT three pools
The decentralized trading protocol Curve announced the launch of Harmony, expanding its stablecoin exchange solution to Harmony, and currently supports three pools of DAI-USDC-USDT. In addition, Harmony will provide ONE token incentives worth $2 million.
The MakerDAO community initiates a public opinion vote to add stETH as collateral in Maker
The MakerDAO community launched a public opinion vote on adding stETH (Lido Staked ETH) as a new Vault type in the Maker protocol. The deadline for voting is 00:00 on October 15th, Beijing time. The proposal aims to allow users to use stETH as collateral in Maker, and there are currently no negative votes. If the vote is passed, the proposal will be added to the future executive vote, and the executive vote will be conducted within 30 days after the completion of this vote.
Futureswap V4 Mainnet Beta Launched on Arbitrum
The decentralized futures trading platform Futureswap V4 mainnet beta version is launched on the Ethereum expansion network Arbitrum, the transaction fee is expected to be reduced by 90%, and the transaction time is expected to be within 0.05 seconds. Futureswap will continue to monitor the trading experience, performance of liquidity providers, new governance recommendations and bug fixes, and details of the bug bounty program will follow.
Bella Foundation Launches $20M Bella Ecosystem Fund
According to an article written by Bella co-founder and CEO Felix Xu, the Bella Foundation is launching the Bella Ecosystem Fund. The Bella Eco Fund will focus on investing in innovative projects with potential, mainly DeFi, NFT, Metaverse and Web 3.0 infrastructure projects. Depending on the project and actual needs, the investment scale usually ranges from US$100,000 to US$500,000. These projects will cooperate with Bella Protocol and other portfolio projects in terms of product integration, community and liquidity to create synergies. (Cointelegraph)
According to official news, Acala, a one-stop multi-chain DeFi platform for Polkadot ecology, plans to launch lcDOT, a locked equity certificate, in the Polkadot parachain slot auction coming in November, to help Acala Crowdloan participants lock DOT to support Acala auctions , to release the liquidity of locked DOT. It is reported that lcDOT can be used in Acala’s series of DeFi products, such as mortgage lending aUSD, swap in AMM-DEX, participation in liquidity incentive plans, etc., helping users to improve asset liquidity without waiting for a two-year lock-up period.
According to official news, DODO released a roadmap for the next three quarters. The mission includes creating the best user experience, providing the best liquidity, and building tools for DeFi. In addition, DODO will continue to implement its multi-chain strategy, new products will focus on NFT, decentralization and effective governance are still the primary considerations. Specifically, DODO will release v2.2, v2.3, and v2.4 versions.
The DeFi non-destructive lottery project PoolTogether launched v4, which is a protocol upgrade tailored for small players, completely changing its architecture. PoolTogether's new structure allows for a greater degree of bonus splitting (thousands of bonuses from the pool of earnings), giving smaller depositors a greater chance of winning the bonus. PoolTogether's governance will control the number and amount of prizes, and can even limit the number of prizes that large depositors or "whales" can win: if they ever sweep the entire prize pool, they can only claim the main prize, leaving smaller amounts for smaller ones. small saver.
secondary title
Layer2
Arbitrum, the Ethereum scaling solution, announced that it will launch Arbitrum Nitro, the next version of Arbitrum One. Arbitrum Nitro is built on WASM technology and compiles the core of the Ethereum client Geth (the EVM engine that actually defines the Ethereum standard) into Arbitrum, so the new version is more compatible with EVM and an order of magnitude faster than the current technology. The team expects Arbitrum After Nitro is running, the execution speed of layer 2 will be increased by 20 to 50 times, and the cost will be reduced.
The team said that the specific time will be announced in the next few weeks. Arbitrum Nitro will be launched on the independent test network first, then the existing Arbitrum Rinkeby test network will be upgraded, and finally Arbitrum Nitro will be promoted as an upgrade to Arbitrum One. In the seamless upgrade of Arbitrum One, there is no need to migrate anything, existing DApps can still work, and existing data can still be accessed.
Matter Labs migrates Uniswap V2 smart contracts and front-end to zkSync 2.0 testnet
Matter Labs announced the migration of Uniswap V2 smart contracts and front-ends to the fully functional zkSync 2.0 test network. The port is called UniSync and is the first Solidity DApp migrated on zkSync 2.0. In addition, Matter Labs stated that UniSync is not affiliated with Uniswap Labs and will launch a Uniswap instance on the upcoming zkSync 2.0 mainnet.
Matter Labs previously stated at the end of August that it would delay the launch of zkSync 2.0, and will open the testnet in stages in a few weeks. The first stage will release the first version of a set of protocols in a few weeks, and the second stage will be open to those who are willing to create content. People, Phase 3 will be open to everyone.
Optimism Opens "Traceable Public Welfare Fund Nominations"
Optimism opens the "Traceable Public Welfare Fund Nomination", the nomination period is one month, and the first phase will distribute 1 million US dollars in ETH for public welfare projects. It is reported that the "Traceable Public Welfare Fund" was designed by Vitalik. Optimism has pledged to use all of Sequencer's profits to fund the experiment for public good.
StarkWare's Ethereum expansion solution StarkEx released version 4.0 source code on GitHub. This version removes the process of user registration. Registration is only required in scenarios such as canceling deposits. The withdrawal function can be directly executed under the authorization of the asset owner. to the Ethereum address.
Polygon launches "Swap For Gas", which can exchange ETH, DAI or USDT for MATIC with zero gas fees
According to official news, the Ethereum expansion program Polygon recently announced the launch of the "Swap For Gas" function, which allows users to exchange ETH, DAI or USDT for MATIC tokens on the Polygon PoS network with zero Gas fees when there is no MATIC token in their wallets. The exchange amount is at least 1 MATIC, and the upper limit is 20MATIC. In the future, more token exchange support on the Polygon PoS network will be implemented.
NFT
Steam Begins Banning NFT and Blockchain Games
Steam, the gaming and software platform operated by Valve, has begun removing all games involving NFTs or cryptocurrencies, NME reported. An update added to Valve's onboarding page states that apps that should not be published on Steam include "applications built on blockchain technology that issue or allow the exchange of cryptocurrencies or NFTs." (U. Today)
Coinbase will launch the NFT marketplace Coinbase NFT by the end of the year
Coinbase will launch Coinbase NFT, a peer-to-peer NFT market at the end of the year, for users to mint, buy, sell and share NFT. It can also help creators, collectors and fans build communities, and the early access application channel is currently open. Coinbase NFT will initially be provided to users in the United States, and will expand to other regions in the future. In addition, Ethereum ERC-721 and ERC-1155 standard tokens will be supported at the beginning of the release, and multi-chain support will be provided later. (CoinDesk)
Visa launches NFT program to support digital artists
Financial services giant Visa is launching an NFT-backed program to help artists enter the digital art space. Visa said in a press release that it is working with former Major League Baseball player and current NFT artist Micah Johnson to establish a program that will support artists who want to use NFT to sell their works. Visa will select a small group of creators through an application process and then help them learn about the crypto and blockchain industry.
British auction house Sotheby's has launched a select NFT platform called "Sotheby's Metaverse" (Sotheby's Metaverse), users can view digital artworks at auction and learn about the collectors and artists behind NFT. The platform will include curated NFTs from the Sotheby's team and allow individuals to purchase NFTs using ETH, BTC, USDC or fiat currencies. According to the auction house, future features will include dynamic auctions and the ability to make generative artwork.
Cool Cats, MoonCats and more coming to Sotheby's auctions
According to Sotheby's official Twitter news, NFT items such as Cool Cats and MoonCats will soon be launched in Sotheby's Natively Digital 1.2: The Collectors series of auctions.
Japanese ACG giant Bandai Namco launched NFT, including JAM Project album cover NFT
Japan's ACG giant Bandai Namco announced that it will launch the album cover NFT issued by its record company Lantis on the NFT market FanTop. The first part of the project is the NFT of the ten album covers of the ACG music group JAM Project, a total of 717 sets, each priced at 2,200 yen, including three random NFTs.
security incident
security incident
Passive income protocol Indexed Finance hacked, losses amount to $16 million
The passive income protocol Indexed Finance has been attacked, and the affected fund pools include DEFI5 and CC10. After the vulnerability was discovered, protection measures including fund pools including DEGEN, NFTP, and FFF (including DEFI5 and CC10) were triggered. Currently, these pools have been frozen and will not be vulnerable to this vulnerability, but agent upgrades are required.
In addition, the official stated that the root cause of the attack has been determined. The two index token fund pools of DEGEN and NFTP have resumed normal operation, while the FFF pool is still frozen because it contains DEFI5 and CC10. The official stated in Discord that the damage caused by this attack was about 16 million US dollars.
Decentralized exchange MoonSwap IDO project SaturnBeam Finance project ran away
MoonSwap, a decentralized exchange on the Moonriver network, found that its IDO project SaturnBeam Finance ran away. MoonSwap required the project to return funds within 24 hours. MoonBeans has created a special tool to urgently withdraw funds from SaturnBeam Finance’s V2 contract.
