During the week from March 14th to March 20th, the events worthy of attention in the progress of star projects include:ApeCoin is officially launched, 15% of the total supply will be airdropped to BAYC/MAYC NFT holdersBy；Yuga Labs announces its new project"Otherside"Promotional video, CoolCat, WoW, etc.；Optimism completes $150 million in Series B funding at a $1.65 billion valuation；MetaMask users exceed 30 million, will launch DAO and issue Token；Uniswap V3 will be deployed to Celo；Aave officially launched the V3 version, introducing functions such as cross-chain assetsable;Compound builders propose gradually reducing COMP rewards to 0, upgrading rate model and introducing alternative reward schemes；MakerDAO Releases Proposed Proposal, Plans to Launch New GovernanceToken stkMKR to replace MKR；Trident beta version of SushiSwap's new AMM protocol launched on Polygon；Synthetic asset protocol Synthetix will release perpetual contracts on Optimismabout。
Bottom layer - public chain
Bottom layer - public chain
Terra founder and crypto KOL bet tens of millions of dollars on the price of LUNA
Terra founder Do Kwon and encryption KOL Sensei Algod bet on whether the price of LUNA will exceed the current price of $88 in one year (Do Kwon bets that LUNA will exceed the current price). The two parties invited another KOL Cobie to witness, and each sent stablecoins worth one million dollars to Cobie's designated address. The relevant funds are now in the account, and both parties have confirmed that the betting agreement has taken effect.
After that, Do Kwon added another $10 million bet, and the betting conditions remained the same. Sensei Algod said that as the number of stakes increases, smart contracts can be used as a solution, and Cobie is still the witness.
According to the official announcement, the Fantom Foundation announced that it will upgrade the Fantom protocol soon. Its near-term roadmap includes 3 upgrades:
1. Snapsync (snapshot synchronization): This will allow nodes to quickly download blocks from the network, reducing the storage space of the main network.
2. Implement new RPC software on RPC nodes to expand API services (PebbleDB and RAID) and improve efficiency. Using PebbleDB instead of LevelDB to process requests in memory, combined with RAID servers, reduces the memory consumption of the nodes from 90mb/s to only 7mb/s.
3. Implement flat storage for faster execution of smart contracts. The mainnet upgrade has been carried out from some nodes on March 14, and other specific schedules will be announced separately.
DFINITY Announces Internet Computer Has Achieved Titanium Milestone
Lightweight Blockchain Protocol Mina Completes $92M Funding Led by FTX Ventures and Three Arrows Capital
Lightweight blockchain protocol Mina completes $92 million in strategic and private equity financing, led by FTX Ventures and Three Arrows Capital, Alan Howard, Amber Group, Blockchain.com, Brevan Howard, Bixin Ventures, Circle Ventures, Finality Capital Partners, LD Capital, Pantera, IOSG, etc. participated in the investment. Mina will use the funds to accelerate the adoption of zero-knowledge proofs.
Cross-border payment network Ripple will issue 1 billion XRP ($794 million) tokens as grants over the next 10-20 years to incentivize developers to create projects based on its payment-oriented distributed ledger.
Ripple was reportedly valued at $15 billion in January this year. The new funding announced today expands on a grants program the startup launched last year. It has previously provided more than $6 million in funding to more than 50 open source projects. (The Information)
The Stellar Development Foundation Launches a $30 Million Fund to Fund Ecosystem Projects
The Stellar Development Foundation (SDF), behind the Stellar Network, announced the launch of a $30 million matching fund to fund startups built on the Stellar blockchain, covering financing from the Pre-Seed round to the B round project.
It is reported that so far, the foundation has invested $1.5 million in four crypto startups, including Latin American cross-border payment platform Trace Finance, international salary platform Bitwage, Africa-focused remittance platform Afriex, and crowdfunding platform FanVestor.
Dapper Labs and Flow Foundation will invest more than $10 million to support ecosystem builders
Chwy, head of ecology of Dapper Labs, posted that Dapper Labs has partnered with Flow Foundation to invest at least US$10 million in the next 3 months to support existing success stories and new builds that make cool things for Top Shot NFT owners By.
Juno Network's Proposal 16 on the removal of giant whale account assets was passed
Juno Network's Proposal No. 16 on removing the assets of giant whale accounts was passed, and 40.85% of voters agreed with the proposal.
Bottom-Layer2
Bottom-Layer2
Optimism completes $150 million in Series B funding at a $1.65 billion valuation
The official blog of Optimism, the second-tier solution of Ethereum, stated that after more than a year of use on the mainnet, Optimism has saved users more than $1 billion in Gas fees, and thousands of contracts have been deployed; branch. Additionally, Optimism announced that it recently closed a $150 million Series B round at a $1.65 billion valuation.
Polygon Introduces Snapshot Voting Tool for Witnesses to Improve Governance Transparency
Polygon announced the introduction of a snapshot voting tool for witnesses to improve governance transparency. This voting tool is based on the principle of one address = one vote, allowing witnesses to use their addresses to vote, which corresponds to the way the witness community currently reaches consensus outside the chain. In the next step, Polygon will also carry out major reforms to the proposal (PIP) framework to achieve transparency and consistency in the governance process.
The Ethereum expansion protocol SKALE plans to update the V2 mainnet around April 14
infrastructure components
infrastructure components
MetaMask users exceed 30 million, will launch DAO and issue Token
Ethereum infrastructure development company ConsenSys announced on Tuesday that the Ethereum wallet MetaMask now has more than 30 million monthly active users, an increase of 42% in the past four months. ConsenSys also stated in a statement that the global user base relies on MetaMask to mint And collect NFT, join DAO and participate in DeFi agreement. The United States, the Philippines, Brazil, Germany, and Nigeria are the most active markets for MetaMask.
In addition, ConsenSys CEO Joe Lubin said in an interview with Decrypt that MetaMask will soon launch a decentralized autonomous organization (DAO). The new DAO will not participate in the management of MetaMask, but the DAO will provide funds for MetaMask updates.
Lubin did not provide further details about the DAO or a launch date, but confirmed that MetaMask will not only launch the DAO, but also plans to issue tokens. (Decrypt)
EVMOS Domain Name Service will contribute user airdrops to the testnet and mainnet
EVMOS domain name service will contribute user airdrops to the test network and the main network. The details are as follows:
1. Testnet airdrop: Users need to submit feedback and hold a testnet domain name to be eligible to participate in the EVNS test airdrop reward program;
2. After the main network is launched (expected to be launched at the end of April 2022), EVNS will be airdropped to the main network domain name holders;
Mainnet airdrop qualification limit: ETH users need to spend 0.5 ETH in Gas to qualify for the EVNS airdrop;
Application layer - DeFi
Application layer - DeFi
Uniswap V3 will be deployed to Celo
The community proposal to deploy Uniswap V3 to Celo was approved with 100% votes (approximately 12 million UNIs), and Uniswap V3 will be deployed to Celo.
Aave officially launched the V3 version, introducing functions such as cross-chain assets
The decentralized lending protocol Aave announced the launch of Aave V3 on six different blockchains, including Polygon, Arbitrum, Avalanche, Fantom, Harmony, and Optimism. The Ethereum mainnet launch date has not yet been determined. This update improves the liquidity of users' assets between networks, while improving capital efficiency and security. In addition, the V3 version will temporarily not affect the institutional DeFi product Aave Arc. (Cointelegraph)
Compound builder TylerEther proposed to adjust his previously proposed COMP reward adjustment proposal. The new plan proposes to reduce the existing reward by 50%, and reduce the COMP reward to 0 after one month.
In addition, the new proposal indicates that the interest rate model will be upgraded, and it is hoped that market size and activities will be determined by supply and demand rather than COMP rewards. An alternative reward plan, the kickstart reward, will also be introduced, and an effective reward plan will be developed to start a new market. The proposal points out that the market needs to have a large enough incentive mechanism to attract depositors to provide sufficient liquidity, and current users will immediately sell most of the COMP rewards. Therefore, incentives need to be used to develop the protocol so that the protocol itself and its Users and token holders benefit.
MakerDAO released a proposed proposal to launch a new governance token stkMKR to replace MKR
Monetsupply.eth, a member of the risk control team of the decentralized stablecoin protocol MakerDAO, released the proposed token economics and governance transformation proposal, planning to launch a new governance token stkMKR to replace MKR. Among them, stkMKR is non-transferable and represents the MKR pledged in the governance agreement. The withdrawal requires an unbonding period, and holding stkMKR can obtain part of the MKR Token purchased by Surplus Auction, thereby encouraging MKR holders to pledge, and through the new Governance Token participates in governance.
Trident beta version of SushiSwap's new AMM protocol launched on Polygon
SushiSwap announced that the beta version of the new AMM protocol Trident will be launched on Polygon.
It is reported that Trident is not only an AMM, but also a production framework for building and deploying AMM. Any developer can use Trident to create custom AMMs and launch them within the Trident framework. Pool types that pass audits and internal reviews will be eligible to be whitelisted and deployed on Trident.
Synthetic asset protocol Synthetix to release perpetual contracts on Optimism
The synthetic asset protocol Synthetix announced that it will release perpetual contracts on Optimism later this week, offering 10x leverage. The initial futures beta release will feature ETH, LINK and BTC trading. Open interest was capped at $20 million sUSD for BTC and ETH and $2 million for LINK during the first few weeks.
Anchor agreement rate of return may be changed to a non-fixed form
Terra founder Do Kwon said on Twitter that the number of users and TVL of the Terra ecological fixed-rate agreement Anchor Protocol have grown significantly in the past few months. On the other hand, in order to ensure the sustainable development of the agreement, the Anchor rate of return may be adjusted to a non-fixed form, such as linking the rate of return to the income savings for dynamic adjustment.
Zerion starts to charge 0.5% transaction fee, which will be deposited into the multi-sig contract
Zerion, a one-stop platform for DeFi, announced that it will start charging transaction fees. Users need to charge 0.5% transaction fees for transactions on Arbitrum, Aurora, Avalanche, BNB Chain, Gnosis Chain, Polygon, and Optimism through Zerion, and there is no fee for transactions on Ethereum.
Application layer-NFT
Application layer-NFT
ApeCoin is officially launched, 15% of the total supply will be airdropped to BAYC/MAYC NFT holders
ApeCoin (APE), the token associated with the Bored Ape Yacht Club (BYAC) NFT ecosystem, was officially launched. ApeCoin is a token for culture, gaming and commerce to build decentralized communities at the forefront of Web3.
ApeCoin is owned and operated by the decentralized organization ApeCoin DAO, each token holder can vote on the governance and use of the ecosystem fund, holding ApeCoin is the only requirement for ApeCoin DAO membership. This DAO is supported by the Ape Foundation, which was created to act as the legal steward of ApeCoin and manage decisions made by the ApeCoin DAO community.
The total supply of ApeCoin is 1 billion tokens, 62% of which will be distributed to the ApeCoin community, and the airdrop accounting for 15% of the total supply will be collected at 8:30 EST on March 17th (20:30 GMT). Airdrops will be provided to BAYC/MAYC NFT holders (Bored Apes and Mutant Apes, and BAKC dogs paired with BAYC or MAYC). Those who hold only 1 Bored Ape NFT can receive 10,094 APE; those who only hold Mutant Ape can receive 2,042; those who hold both Bored Ape and Kennel Club can receive 10,950; those who hold both Mutant Ape and Kennel Club can receive 2,898 pieces.
Yuga Labs announces its new project"Otherside"Promotional video, CoolCat, WoW, etc.
Yuga Labs announced the promotional video of its new project "Otherside" on social media. The NFT series featured in the video include Bored Ape Yacht Club, Mutant Ape Yacht Club, CryptoPunks, Meebits, CoolCats, World of Women and Nouns.
According to previous news, the NFT trading platform nWayPlay, a subsidiary of Animoca Brands, announced on March 17 that the new game developed in cooperation with Yuga Labs, the parent company of BAYC, will use ApeCoin as the in-game currency. It is reported that the game will be released on the PC version first, and the cross-play function may be realized after the mobile terminal is launched.
NFT infrastructure service provider Project Galaxy will airdrop 3.65 million GAL
According to official news, NFT infrastructure service provider Project Galaxy will launch the airdrop of GAL tokens, and the airdrop will be distributed according to the NFT held by users.
The number of airdropped tokens is about 3.65 million, accounting for 1.83% of the total. The remainder of the early adopter rewards (approximately 350,000 GALs) will be allocated to long-term contributors to the project. The airdrop time has not yet been announced. Users in the United States, Canada, China, Iran, North Korea, Syria, and Cuba will not be able to receive the airdrop.
The NFT trading platform X2Y2 stated that it found an error in setting the initial parameters of the pledge reward contract during the pledge halving.
According to X2Y2, the staking halving started at block 14408224, and the APR dropped from ~1000% to ~160%, far below the expected 500%. After investigating the problem, the team found an error in setting the initial parameters of the staking reward contract .
Due to parameter errors, 56% of the 200 million total rewards were distributed in the first 30 days, instead of the originally planned 18%, which X2Y2 said may also be the main driver behind the intense selling pressure experienced so far.
The NFT market protocol ZORA v3 version has been launched on the Polygon network
According to official news, the NFT market agreement ZORA v3 version has been launched on the Polygon network. ZORA v3 version provides royalty configuration function and Gas optimization mechanism.
According to official news, LINE NEXT, a global NFT platform subsidiary of Japanese communication giant LINE, announced that it will cooperate with 26 companies including Softbank and Visa to build a global NFT ecosystem.
Through this cooperation, LINE NEXT plans to cooperate with global companies in various fields such as games, entertainment, comics, metaverse, art, and services, to establish a global NFT value chain and lead ecological expansion.
Kakao Enterprise, the IT platform operator of South Korean Internet giant Kakao, will create a platform that allows companies to easily create and issue NFTs. Kakao Enterprise announced the signing of a memorandum of understanding with Klay Ape Club to jointly develop NFT and metaverse platforms.
Application Layer - Game
Application Layer - Game
Axie Infinity to Soft Launch Axie Infinity: Origin in Phases
According to official news, the chain game Axie Infinity announced that it will soft launch Axie Infinity: Origin in stages. The team plans to start small and gradually develop and expand from the desktop client to the mobile terminal, and improve the version function within a few months after the initial release. Axie Infinity: After the full release of Origin, it will include SLP rewards, NFT runes and other gameplay. The game content includes PVE story mode, training mode and ranking mode, and has an official season.
"Move to Earn" game STEPN distributes about 45 million GMT airdrops to early users
On March 14, the "Move to Earn" game STEPN officially posted on social media that STEPN will distribute about 45 million GMT airdrops (accounting for the total 0.75% of
Animoca Brands to Adopt ApeCoin in Secret Project Developed in Partnership with BAYC
Animoca Brands announced on Twitter that it will adopt ApeCoin in a secret project developed in cooperation with Bored Ape Yacht Club (BAYC).
According to previous news, Animoca Brands stated that the new project jointly carried out with the NFT project Bored Ape Yacht Club (BAYC) is in the first phase. Interested users can register at somethingisbrewing.xyz, which requires KYC certification after logging in with the address. It is worth mentioning that both parties pointed out that the new project is not a previously announced blockchain game.
NFT game F1 Delta Time developed by Animoca Brands will cease operations
The NFT game F1 Delta Time developed by Animoca Brands and based on the Ethereum blockchain will cease operations on March 16, 2022. The company said it was "unable to renew the license" with the racing league. It's unclear how many players the game has in total. Data from NFT marketplace OpenSea shows that around 1,800 unique wallets own in-game NFTs.
security incident
security incident
Hundred Finance and Agave Suffer Over $11 Million in Flash Loan Attacks
Hundred Finance, a compound fork project on the Gnosis chain, tweeted that the Gnosis team is investigating the hacker attack and currently suspends the Hundred market on all chains. In addition, the Aave fork project Agave on the Gnosis chain also encountered flash loan attacks.
Hackers have begun laundering money through Tornado Cash by exploiting reentrancy vulnerabilities in two protocols to steal more than $11 million. (The Block)
Security agency: Deus Finance was attacked and lost about $3 million
According to PeckShield, Deus Finance was attacked and lost about $3 million, including 200,000 DAI and 1101.8 ETH.
Xunpaidun tweeted that the Umbrella Network reward pool on BNB Chain and Ethereum has been drawn, resulting in a profit of $700,000 for hackers. Probably a hack happened because of an unchecked underflow in withdraw(), so anyone can withdraw any amount, even without any balance. And remind Umbrella Network to check out the StakingReward Contract on BNB Chain and Ethereum.
Pie Shield: ElonaVsPutin is a Rug Pull scam, scammers transferred 537 BNB into Tornado Cash
Xunpaidun warning shows that the ElonaVsPutin project is a Rug Pull scam, and its token EVP fell by 99.78% within one hour. At present, the scammers have transferred 537 BNB to Tornado Cash.
PeckShield tweeted that 198 Elonas were detected on the BNB Chain, of which 114 were suspected to be Pixiu disks (to lure investors into depositing funds into unstable smart contract projects with hidden traps, once Only the project party can unlock the locked assets), 25 of the 28 ElonaPutin-related projects are suspected to be Pixiu disks.
PieDun: NFTflow has a Rug Pull, and its official social account has been canceled
According to the official news of Paidun, the NFT project NFTflow issued Rug Pull, and its official social account (@NftflowStarkNet) has been cancelled. Remind users of risks and personal asset safety.
PeckShieldAlert tweeted that ThePULSE DAO has a risk of running away. Currently ThePULSE DAO has deleted its social accounts and shut down its website. The price of pSHARE has dropped by 94.91%. Users are reminded of the risks.
The Aave fork project Agave on Gnosis Chain was attacked and the contract has been suspended
Agave, an Aave fork project deployed by the 1Hive community on the Gnosis Chain, tweeted that the protocol has been attacked and the contract has been suspended, and the details will be announced later.
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