Star Project Weekly | Evmos mainnet officially launched; Offchain Labs launched AnyTrust Chains (2.28-3.6)
During the week from February 28th to March 6th, the events worthy of attention in the progress of star projects are as follows:Evmos announced the official launch of the mainnet；Kava Network Launches $750M On-Chain Developer Incentive Program "Kava Rise"；Andre Cronje and Anton Nell will exit the encryption field, will terminate 25 applications and services on April 3；OpenSea is designing a system that can automatically verify NFT collections；LooksRare launches NFT rarity ranking function；Doodles officially released Space Doodle NFT；Treasure NFT market has a loophole。
Bottom layer - public chain
Bottom layer - public chain
Evmos announced the official launch of the mainnet
Cosmos EVM network Evmos announced the official launch of the mainnet. Ethereum user airdrop claims will open tomorrow (March 4). As the IBC certification news is still being processed, it will take longer for Cosmos Hub/Osmosis users to claim airdrops.
Luna Foundation Guard: Plan to exchange 5 million LUNAs for UST, worth about $450 million
According to official news, the Terra ecological development organization Luna Foundation Guard (LFG) tweeted that due to the high demand for UST, the Terra protocol is minting the largest number of UST every day, and many people turn to the curve pool to obtain UST, which has caused the curve pool to become unbalanced. To this end, at the most recent meeting of the LFG Management Committee, the committee voted to exchange 5 million LUNA in the LFG vault for UST (approximately $450 million) within the next two weeks. After that, LFG will sell UST to the current unbalanced curve pool, and the proceeds from the sale will be used to buy BTC to increase the existing reserves. According to a tweet by LFG Council member @Remi_Tetot, the 5 million LUNA will be exchanged for UST through the mechanism of burning and casting.
Cardano Proposes Hard Fork To Enhance Scalability
Cardano development company IOHK said it was in the final stages of preparing for a code release in February, the first of three major code launches to upgrade the core network in 2022. The other two major code rollouts are expected to take place in June and October combined hard fork events. The company said it intends to roll out a series of scaling enhancements throughout 2022, which will focus on the Hard Fork Combiner (HFC) events in June and October. (U. today)
Fantom Foundation: AC is not a core developer, and the development of Fantom will not be affected
In response to the news that Andre Cronje will withdraw from the encryption field, the Fantom Foundation tweeted that they are very grateful for what Andre has done for the entire encryption industry. However, Fantom has never been a one-man team, and there are more than 40 people working in Fantom. The team's efforts have made Fantom one of the most used and popular decentralized networks in the world. Hundreds of developers build on Fantom every day, and more than 100,000 unique addresses use Fantom every day. Contrary to some popular belief, Andre is not a core developer of Fantom. The development of Fantom will not be affected by Andre's decision.
Kava Network Launches $750M On-Chain Developer Incentive Program "Kava Rise"
Kava Network launched a $750 million programmatic on-chain developer incentive program "Kava Rise", which aims to introduce innovative developers in the DeFi, GameFi and NFT industries to the Kava network. Kava Rise adopts a programmatic financing model and plans to distribute 200 million KAVA within 4 years, of which 62.5% of all block rewards will be allocated to developers who build applications on Kava Ethereum and Cosmos Co-Chains, and the remaining 37.5% will be allocated to pledge or, and rewards will be transparently distributed on-chain based on usage.
Polkadot Ecological DeFi Parallel Chain Acala Officially Opens ACA Staking
Acala, the DeFi parachain of the Cyblog Ecosystem, officially opened the ACA Staking function. It is reported that the total amount of ACA is fixed at 1 billion, and there is no inflation. This Staking reward comes from the repurchase of ACA by the network surplus.
Polkadot parachain Astar Network mainnet adds cross-chain bridge function
The Polkadot parallel chain Astar Network announced that the main network has added a cross-chain bridge function, allowing users to transfer Ethereum assets to the Astar Network.
News On March 1, 2022, Ontology announced that its platform has completed EVM integration, adding functions such as the Ethereum account system, Ethereum transaction types, and Web3 API to achieve a seamless connection with the Ethereum ecosystem. So far, Ontology has become the public chain that supports the most virtual machines, supporting 4 types of contracts: Native, NeoVM, WasmVM and EVM.
Bottom-Layer2
Bottom-Layer2
Offchain Labs Launches AnyTrust Chains: Cheaper, Faster L2 Chains With Minimal Trust Assumptions
According to official news, Offchain Labs, the developer of Arbitrum, an Ethereum expansion solution, announced the launch of AnyTrust Chains, which will run with Arbitrum One. The specific details and roadmap will be announced in the future.
Offchain Labs said that in order to have a viable blockchain-based business, especially in the field of games, some applications need to further reduce costs, or extract NFT assets faster, so they launched AnyTrust Chains, which allows lower costs and more Fast withdrawals in exchange for minimal additional trust assumptions. The main advantage of AnyTrust over sidechains is that it is built on top of Ethereum, so much less trust is required.
Before diving into the discussion, we would like to stress that Arbitrum One will remain a trustless rollup, as always. The team will continue to dedicate resources to improving the Arbitrum One protocol and ecosystem and will not stop these efforts in any way.
Optimism plans to deploy invocation data compression to reduce costs by 30% to 40%
infrastructure components
infrastructure components
Liquidity staking protocol Lido announces support for Polygon network
Liquidity staking protocol Lido has announced that it has supported the Polygon network. Users can obtain stMATIC by staking MATIC, contributing to the stability and security of the Polygon network while generating staking income. stMATIC will be integrated into numerous DeFi protocols on Ethereum and Polygon.
The first phase of Lido for Polygon set a staking cap of $1 million, which will be lifted in April to open the second phase.
EVM network aggregation website Chainlist announced that it will cease service on April 3
Application layer - DeFi
Application layer - DeFi
Anton Nell, senior solution architect of Fantom, tweeted that Andre Cronje and himself decided not to continue to contribute to the DeFi and cryptocurrency fields. The 25 related applications and services that the two co-developed will cease operations on April 3. Notable projects include Yearn Finance, Keep3r Network, Multichain.xyz, Chainlist, Solidly, and Bribe.crv.finance.
According to previous reports, on February 28, Andre Cronje's Twitter account @AndreCronjeTech could not be displayed for unknown reasons. On March 4, according to Andre Cronje's LinkedIn, he had resigned from Fantom Foundation and Yearn Finance.
Aave's new proposal proposes that Aave V2 add ENS as a collateral asset
The Aave community, a decentralized lending protocol, initiated a proposal to add ENS (Ethereum Name Service) tokens as collateral assets to Aave V2, releasing additional liquidity for all ENS holders. It is reported that voting on this proposal will end at block height 14321279 (00:00 on March 5).
Compound will launch zk.money, Aztec’s private Rollup network, in the second quarter of this year
According to official news, Compound, a decentralized lending market, will be launched on the zk.money mainnet, the private Rollup network of Aztec, the Ethereum Layer 2 privacy protocol, in the second quarter of this year. Compared with saving more than 95% of gas, and has privacy by default. Specifically, users can deposit ERC20 tokens into Aztec, and initiate Compound deposit or borrow requests through zk.money. Aztec’s zkrollup will batch transactions across users and interact with Compound’s L1 contracts through a bridge contract. Users will receive a cToken or whatever asset they borrow on Aztec, which can be used in other DeFi protocols on Aztec. Currently, Aztec is launching a proposal on the Compound Governance Forum to apply for a grant of US$100,000 to subsidize users’ gas fees related to deposits and borrowing in Compound, so as to activate the network effect of this integration. According to data from DeFi Liama, Compound currently has a total locked position of $6.72 billion and only supports the Ethereum mainnet.
The beta version of dYdX native iOS App will be launched soon
The beta version of the native iOS App of the decentralized trading platform dYdX will be launched soon. The beta version will first adopt an invitation system to invite a small number of users to participate in the test. After the final debugging is completed, the official version will be launched soon, and the native app based on the Android platform will be launched later.
SushiSwap cooperates with OpenMEV and Manifold Finance to launch the OpenMEV Gas Refunder function
SushiSwap tweeted and announced that it has cooperated with OpenMEV and Manifold Finance to launch the OpenMEV Gas Refunder function, so as to protect users from MEV attacks and refund Gas fees. Transactions with slippage set to 1% or higher are eligible for gas refunds. Currently on the SushiSwap transaction page, users can turn on the OpenMEV Gas Refunder function in the transaction settings, which will refund up to 95% of the transaction fees to users within 35 to 50 blocks. The refund will be paid in ETH, WETH, xSUSHI.
Terra ecological researcher bitn8 released a proposal in the Anchor Protocol community, proposing to adjust the fixed interest rate to a semi-dynamic interest rate according to the fluctuation of the income reserve.
Application layer-NFT
Application layer-NFT
OpenSea is designing a system that can automatically verify NFT collections
According to official news, OpenSea tweeted that it is designing a new system to automatically verify NFT series that meet certain standards, and plans to allow creators to connect to accounts they own (such as Twitter and Discord), so that the community can verify whether these connections are real. The standard will also have a minimum transaction threshold limit. Additionally, OpenSea is also exploring determining ownership of accounts connected via oAuth to prevent malicious actors from replicating legitimate series.
The NFT market OpenSea banned Iranian users. The spokesperson said that OpenSea’s terms of service clearly prohibit sanctioned users or users from sanctioned regions from using OpenSea’s services. A zero-tolerance policy is adopted for the use of OpenSea's services by sanctioned individuals or entities and persons located in sanctioned countries. If OpenSea discovers that an individual has violated OpenSea's sanctions policy, OpenSea will take swift action to ban the account in question.
Current U.S. sanctions prohibit U.S. companies from supplying goods or services to any user in countries on the sanctions list, including Iran, North Korea, Syria and now Russia. OpenSea is an American company headquartered in New York.
LooksRare launches NFT rarity ranking function
The NFT trading platform LooksRare announced a partnership with the NFT rarity ranking tool Rarity Sniper to launch the rarity ranking function.
NFT market Magic Eden has completed the Magic Ticket airdrop, holders can join MagicDAO
Magic Eden, the NFT market on the Solana network, announced that it has completed the airdrop of Magic Ticket. Holders can apply to join MagicDAO to participate in platform governance and more rewarding activities.
Magic Eden also released the MagicDAO roadmap, which will be built in three aspects: reward activities, governance and community operations in the future.
The decentralized trading protocol 0x Protocol v4 NFT trading tool is now available on the Ethereum mainnet, and other 0x integrated chains will be supported in the future.
NFT platform DMarket announced the freezing of user accounts in Russia and Belarus
DMarket, a trading platform for NFT and metaverse items in games, announced that as a start-up company born in Ukraine, it has decided to cut off all ties with Russia and Belarus: banning Russian and Belarusian users from registering on the platform; freezing previously registered users in these regions account; all assets and skins remain in the user account, but access to its use is currently restricted; Russian rubles are no longer supported on the platform. If someone's account is frozen by mistake, or they are not citizens of Russia or Belarus, please confirm through KYC, and the platform will reopen their account.
CryptoPunk #5364 was donated to a Ukrainian Ethereum wallet, possibly worth $200,000
CryptoPunk #5364 was donated to the official Ukrainian Ethereum wallet address (0x165cd37b4c644c2921454429e7f9358d18a45e14) on Tuesday.
The NFT is estimated to be worth around $200,000, according to crypto analytics firm Elliptic. NFT valuation site DeepNFTvalue puts it at $233,000.
It is reported that the most recent sale of CryptoPunk #5364 occurred in February 2021, at a price of 16.19 ETH (worth more than $31,000). After the then-buyer 0x67c443 donated CryptoPunk #5364, he still holds 7 CryptoPunks.
Azuki may soon enter the Coinbase NFT market as a Launch Partner
The Coinbase NFT market stated on Twitter that it has witnessed the "rise" of the NFT project Azuki and is considering logging it on the platform as a Launch Partner.
Doodles officially released Space Doodle NFT
The NFT project Doodles has officially released the Space Doodle NFT. It is reported that Space Doodle NFT uses NFT packaging technology. Holders can package their own Doodle NFT through the Doodle Bot smart contract. The randomly generated spaceship will be synthesized with the original Doodle to form a Space Doodle NFT. The user's original Doodle NFT will be hosted in the official in the Space Doodles vault.
PUMA replaces Twitter avatar with Cool Cats series NFT
The sports brand PUMA replaced the Twitter avatar with the Cool Cats series NFT. At the same time, PUMA also reposted multiple NFT series of tweets that interacted with it.
Billboard Partners with Universal Music Group to Launch Flow Blockchain-Based NFT Project ChartStars
Global music brand Billboard and Universal Music Group (Universal Music Group) are cooperating to launch ChartStars, an NFT project based on the Flow blockchain.
This is Billboard's first scalable NFT project for music lovers. The digital collectible collection will include digital artwork celebrating the achievements and milestones of Billboard Charts. These works are officially licensed and include short video clips from music videos and album photos.
HEIR, Michael Jordan's Fan Engagement Platform, Launches First NFT Series 6 Rings NFTs
News HEIR, a fan interaction platform based on Solana, launched the first NFT series 6 Rings NFTs, a total of 10,010 NFTs, priced at 2.3 SOL, and about 4,400 NFTs have been minted so far.
The 6 Rings NFTs are inspired by Jordan's storied career in the league, winning six NBA championships with the Chicago Bulls in the 1990s.
It is reported that HEIR was launched by NBA legend Michael Jordan (Michael Jordan) and his son Jeffrey Jordan (Jeffrey Jordan). (Decrypt)
Ukrainian flag NFT sold for 2,258 ETH, worth about $6.75 million
On Wednesday, the Ukrainian flag NFT was sold for 2,258 ETH (approximately $6.75 million), with the proceeds going to Come Back Alive, an organization that donates supplies to Ukrainian civilians and military. The auction was organized by UkraineDAO, a crowdfunding campaign led by Russian art collective Pussy Riot and NFT studio Trippy Labs to support Ukraine.
NFT project Interfaces announces closure
The NFT project Interfaces officially announced the closure of the project and will cancel the official Twitter account @WGMInterfaces within 24 hours.
Application Layer - Game
Application Layer - Game
Animoca Brands: Following legal advice, is cutting service to Russian users
According to reports, Animoca Brands Corp. Ltd, one of the largest chain game companies, is cutting its services to Russian users. Animoca co-founder Yat Siu said in an interview that this decision will affect subsidiaries such as Gamee and Lympo, but he said that the number of Russian users is not enough to have a material impact on the company's performance.
“The legal advice we have received is that we now have to impose some restrictions,” Siu explained. “Russia is now a sanctioned country like North Korea. When we end up doing business in these areas, we ourselves may be financially The system is excluded."
FTX.US' game department "FTX Gaming" has reached an official cooperation with the game association YGGIndia.
“FTX Gaming” sees India as a key market for future expansion. India is one of the fastest growing game markets in the world. It currently has 400 million gamers. It is estimated that by 2025, the size of the Indian game market, led by mobile terminals, will grow from US$2.2 billion to US$7 billion, with a compound annual growth rate More than 30%.
Avalanche chain game Crabada will launch the game-specific chain Swimmer Network
The Avalanche chain game Crabada published an article introducing the subnet blockchain Swimmer Network dedicated to games. This subnet utilizes existing infrastructure and security support on the Avalanche chain. The Gas token on the Swimmer Network is TUS, and the network fee will be destroyed according to a certain percentage.
security incident
security incident
There is a loophole in the Treasure NFT market, and the team is fixing it
Treasure DAO co-founder John Patten confirmed on Twitter on the evening of March 2 that there was a loophole in the Arbitrum-based Treasure NFT market. The project team is currently fixing the loophole and promised to provide solutions to affected users.
The TreasureDAO team announced on its Discord that the Treasure NFT trading market has frozen transactions. The team is now comprehensively reviewing the code and starting to fix the loopholes. After the bugs are completely fixed, the trading market will be re-deployed and launched. For the lost users, the team is studying various compensation plans, and the final plan will be decided by the community vote.
The project Shiba Tron on BNB Chain is a "Pixiu" scam
PeckShield detected that the Shiba Tron project on the BNB Chain is fraudulent, and it is a "pixiu dish" scam. Users who have not obtained the whitelist can only buy their Token SHIBT, but cannot sell it.
