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Odaily News The Sui Foundation discloses the details of the Token community access plan, which will allow the Sui community member network to purchase SUI Token in the early stage. As part of the plan, SUI Token will also be provided to those who help test Sui on the Sui network before the mainnet A person who applies or facilitates the adoption of Sui.
Additionally, the Sui Foundation reiterated that there are currently no official plans for a SUI airdrop. Regarding the qualifications of the Token Community Access Program, the Sui Foundation will build a standard to evaluate the contributions of Sui community members in the next few months.
Such as: 1. Help node operators and developers debug problems;
2. Help improve the security of the ecosystem by regularly identifying and reporting fraud;
3. Developers who missed out on funding from the Sui Foundation with a slight disadvantage;
4. Volunteers in community or project management (such as moderators on the Sui Discord server);
5. Contributors who help improve the quality of Sui documentation, code base or application;
6. An early advocate and user who has been promoting the adoption of Sui and helping people learn and use Sui;
7. In addition, the Capy Holidays competition is also available for qualifying opportunities.
headlines
Additionally, the Sui Foundation reiterated that there are currently no official plans for a SUI airdrop. Regarding the qualifications of the Token Community Access Program, the Sui Foundation will build a standard to evaluate the contributions of Sui community members in the next few months.
Industry news
Such as: 1. Help node operators and developers debug problems;
2. Help improve the security of the ecosystem by regularly identifying and reporting fraud;
3. Developers who missed out on funding from the Sui Foundation with a slight disadvantage;
4. Volunteers in community or project management (such as moderators on the Sui Discord server);
5. Contributors who help improve the quality of Sui documentation, code base or application;
6. An early advocate and user who has been promoting the adoption of Sui and helping people learn and use Sui;
7. In addition, the Capy Holidays competition is also available for qualifying opportunities.
Wall Street Journal: SBF has formally agreed to be extradited to the United States, but has not yet determined when to leave the Bahamas
As previously reported, SBF was arrested in the Bahamas last week and charged with fraud and money laundering, among other crimes. A Bahamian judge rejected SBF's application for $250,000 bail and will be held until at least February 8 next year. He is currently being held at Fox Hill Jail after a judge denied SBF's request to remain at home while awaiting an extradition hearing. If convicted on all criminal charges, SBF could face up to 115 years in prison. (Wall Street Journal)
Industry news
Informed sources: If Genesis goes bankrupt, DCG needs to repay $350 million in loans immediately
Odaily News, December 20, according to the "Financial Times" report, Digital Currency Group (DCG) is trying to raise funds to avoid the bankruptcy of its subsidiary Genesis, partly because of the immediate repayment of the loan of the American financier ToddBoehly, Boehly last November through his own DCG's investment group, Eldridge, conducted a debt financing for DCG that included a $600 million loan from Eldridge and a group of other investors.
Wintermute has $225 million in nine-month revenue, up from $1 billion last year
Odaily News Cryptocurrency market maker Wintermute will have revenue of US$225 million in the first nine months of 2022; while revenue for the full year of 2021 will be US$1 billion and net profit will be US$582 million.
Wintermute has $400 million in equity and $720 million in assets, according to Wintermute CEO Evgeny Gaevoy. Of the $400 million in equity, $350 million is in stablecoins (mostly USDC) and cash, with most of the remaining $50 million being venture capital.
BlockFi Files in U.S. Bankruptcy Court to Allow Customers to Withdraw from Wallet Accounts
Visa said that using the concept of account abstraction to provide automatic recurring payment functions for self-custodial wallets, StarkNet, an Ethereum Layer 2 scaling solution, can introduce other real-world applications beyond recurring payments into the blockchain.
Project News
South Korean Court Freezes About $93 Million in Assets of Former and Current CEOs of Terra Subsidiary Kernel Labs
Odaily News The Celo Foundation and others initiated a proposal to deploy Aave V3 on Celo on the Aave governance page, and will first initiate related proposals on Snapshot. Upon completion of deployment, the Celo Foundation will launch a bounty program to support the adoption and guided growth of AAVE on Celo.
Layer 1 Blockchain Linera Publishes Whitepaper, Committed to Fast and Scalable Multichain
Odaily News Layer 1 blockchain project Linera released a white paper, sharing its latest thinking on the core protocol and its future applications, and is committed to fast and scalable multi-chain.
Linera introduced the idea of operating multiple blockchains (possibly up to millions) in parallel within the same set of validators, known as "microchains". In Linera, scalability is achieved by adding blockchains, not by increasing the block size or increasing the rate. Linera encourages users to operate their own microchains. When a microchain is operated by a single user, Linera uses a simplified mempool-less consensus protocol inspired by reliable broadcasting.
Sushi DAO has voted on the proposal to move SushiSwap's transaction fees to the protocol treasury
Odaily News Sushi DAO voted to transfer all fees generated by the SushiSwap decentralized exchange to the protocol's treasury. The move means Sushi token holders will no longer be rewarded for a year or so (or until the new tokenomics are implemented) from the exchange’s transaction fees, which go to the project’s treasury, Long-term plans to meet an entity's short-term funding needs and improve its sustainability.
According to the data on the Snapshot voting page, the voting support rate was 58.95%. GoldenChain, the digital investment arm of venture capital firm Golden Tree, and related wallets of encrypted trading company Cumberland jointly contributed 10 million sushipowah tokens (Sushi DAO governance tokens) to drive voting , with total voting power accounting for 91% of the 11 million tokens backing the initiative.
Currently, Sushi DAO’s treasury has a total value of $12 million, with most of the protocol’s assets held in its native token, Sushi, and the DAO also holds $208,000 in the stablecoin USDC.
BitDAO community proposes to buy back $100 million worth of BIT tokens next year
Odaily News The BitDAO community is considering a plan to buy back $100 million in BIT tokens starting early next year as part of its DAO capital deployment strategy.
The plan was included in the DAO governance proposal submitted on Monday. The proposal calls for BitDAO to set its target daily purchases at $2 million in USDT within 50 days starting on January 1 next year. If approved, the DAO will spend a total of $100 million in USDT to buy back its BIT tokens at the end of the proposed 50 days.
Funding for the repurchase will come from BitDAO’s $1.7 billion treasury (half of which is BIT). Therefore, if the community agrees to the plan, the percentage of BIT held by its DAO will increase at the end of the buyback period. (The Block)
Linera introduced the idea of operating multiple blockchains (possibly up to millions) in parallel within the same set of validators, known as "microchains". In Linera, scalability is achieved by adding blockchains, not by increasing the block size or increasing the rate. Linera encourages users to operate their own microchains. When a microchain is operated by a single user, Linera uses a simplified mempool-less consensus protocol inspired by reliable broadcasting.
It is reported that Pods Yield is a series of open source smart contracts that run known investment strategies, receive deposits and process withdrawals through algorithms. Previously, Pods Yield was a series of open-source smart contracts that algorithmically ran known investment strategies, received deposits, and processed withdrawals.
Odaily News Sushi DAO voted to transfer all fees generated by the SushiSwap decentralized exchange to the protocol's treasury. The move means Sushi token holders will no longer be rewarded for a year or so (or until the new tokenomics are implemented) from the exchange’s transaction fees, which go to the project’s treasury, Long-term plans to meet an entity's short-term funding needs and improve its sustainability.
It is reported that Arrakis Finance, founded by Rodriquez and Hilmar Orth last year, launched the first version of its protocol in April last year, allowing algorithmic strategies to be run on Uniswap V3. Last week, Arrakis Finance launched V2 of its protocol, which "can be viewed as an abstraction layer on top of AMMs, like Uniswap V3, and supports Central Limit Order Book (CLOB)-like interactions.
DeFi options protocol Pods Finance completes USD 5.6 million in seed round financing, with participation from IOSG and others
It is reported that Drivechain is a side chain designed to provide a better user experience. Layer 2 Labs CEO and founder Paul Sztorc is a Bitcoin researcher and developer who has been working on Drivechain since 2015.
Sztorc has outlined the Drivechain concept in Bitcoin Improvement Proposals (BIP) 300 and 301. The technology will be the main focus of Layer 2 Labs, allowing users to transfer bitcoin between the bitcoin blockchain and multiple Drivechains. (CoinDesk)
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It is reported that Arrakis Finance, founded by Rodriquez and Hilmar Orth last year, launched the first version of its protocol in April last year, allowing algorithmic strategies to be run on Uniswap V3. Last week, Arrakis Finance launched V2 of its protocol, which "can be viewed as an abstraction layer on top of AMMs, like Uniswap V3, and supports Central Limit Order Book (CLOB)-like interactions.
First, Vitalik suggested that more development should be done on the cryptocurrency wallet infrastructure to make it easier to use on a daily basis and ensure that it can land billions of users.
Second, Vitalik stated that developing a hyperinflation-resistant and globally accessible stablecoin that can withstand all types of conditions, including on-chain and broader macroeconomics, would be a revolution for the industry.
In the end, V God said that any technological development that helps Ethereum take away login rights from Facebook, Google, Twitter, and other centralized monopolies will eventually allow Ethereum to gain more power in Internet-based applications. market dominance.
In addition, V God also said that due to increased competition and market maturity, the opportunity to fill the gap in the market has become less obvious.
Bitcoin Sidechain Development Company Layer 2 Labs Completes $3 Million Seed Round
Odaily news Bitcoin side chain development company Layer 2 Labs completed a $ 3 million seed round of financing, a number of angel investors participated in the investment. The company seeks to bring Drivechain and other innovative technologies to the Bitcoin network.
It is reported that Drivechain is a side chain designed to provide a better user experience. Layer 2 Labs CEO and founder Paul Sztorc is a Bitcoin researcher and developer who has been working on Drivechain since 2015.
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Odaily News Vitalik Buterin, the founder of Ethereum, shared the outlook of the encryption industry in 2023 in an interview with Bankless co-owner David Hoffman, predicting three major opportunities in the encryption field that have not yet been realized, including the popularity of encrypted wallets and anti-inflation stable coins and Ethereum-supported websites to log in. Also responding to comments about "the 'adoption wave' of decentralized applications is now over, with fewer opportunities for developers to come in and build new decentralized applications'".
First, Vitalik suggested that more development should be done on the cryptocurrency wallet infrastructure to make it easier to use on a daily basis and ensure that it can land billions of users.
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