Crypto Daily Digest - December 1st

IDO

GuildFi Token Launch Auction

GuildFi is Alpha Launchpad’s Third Incubated Project. GuildFi is the interconnected Web3 ecosystem of games, NFTs and communities. GuildFi closed a $6 million seed round led by DeFiance Capital and Hashed on November.

• Token: $GF
• Purchase Link: launch.guildfi.com
• Start Date: 1 December, 2:00 PM UTC
• End Date: 4 December, 2:00 PM UTC
• Starting Price: $1
• Ending price: $0.05 Source

Colony IDO on Avalaunch

Colony is an Avalanche ecosystem and early stage funding mechanism that is realized through the CLY token.

• Token: $CLY
• Price: $0.3
• Platform: Avalaunch, 4.44%
• Validator Round: 12/6/2021 at 6:00 a.m.-12/6/2021 at 3:00 p.m. (UTC)
• Staking Round: 12/6/2021 at 3:30 p.m.-12/7/2021 at 6:00 a.m. (UTC) Source

DeFi

Terra UST Proposal

To realize the goal of having UST become the go-to interchain stablecoin, a new proposal on Terra suggests to increase UST pools' liquidity on Curve Finance (Ethereum) through Convex, Votium, and Tokemak. The proposal contains a 6 months incentizing plan costing more than 250 million UST. Source

Clearpool to Deploy on Polygon

Clearpool is a lending protocol that provide indtitutions with undercollateral loans. It now plans to bring decentralized capital markets to Polygon. Source

Tokemak Open Two New Pools for Staking

On Nov 30 and Dec 1st, Tokemak officially opened The ShapeShift FOX Token Reactor and APWine Token Reactor. Users can deposit both $FOX and $APW in the respective pools. Pre-liquidity deployment LD Reactor voting is now also live. If you have single asset TOKE staked in the system, you have Liquidity Director votes that can be allocated to the $FOX and $APW Token Reactor. Source

Convex November Update

• CVX vote-lockers have access to incentives from bribe.crv.finance.
• Users can earn additional incentives on Votium by voting for specific pools.
• Convex DuneAnalytics dashboard created by MarcoV.
• Early community contributor Alunara created a website/dashboard to visualize Convex Finance pool statistics.
• Zerion Adds Support for Convex
• Convex gets its own Valkyr-Ξ : Meet Cagi (NFT)
• OKEX Lists CVX
• Upcoming UI Updates Source

Tornado Cash Integrate with Arbitrum

Tornado Cash, a popular Ethereum transaction privacy protocol, is ready to integrate the Layer-2 network Arbitrum. Once deployed, Tornado Cash users will be able to process Ethereum transactions faster and cheaper. Source

OlympusDAO Introduced gOHM and Launched Proteus Program

OlympusDAO launched $gOHM and introduced to users about how to acquire it. gOHM is the future on-chain governance token of Olympus. It has a static balance and increasing redemption value, just like today's wsOHM (wrapped staked OHM, staked OHM operates on the Avalanche C-Chain). The launch of gOHM is the first step in the migration to V2. V2 optimizes Olympus's infrastructure and enables new use cases with bonds and governance. The gOHM token, one piece of this upgrade, will allow us to increase the accessibility of OHM and work with new partners as we enter developing L1 and L2 economies across crypto. It enables you to take your sOHM (in the form of gOHM) to other platforms and networks to, for example, provide liquidity in Proteus incentive program, which launches today. Details of how to acquire it is in the link below: Source

Monox Hacking

On the night of November 30, 2021, the Monox contract was hacked. The hackers attacked the liquidity pools on Polygon and Etherum and depleted their on-chain assets. The official team has now launched a full investigation in conjunction with partners and auditing firms. Source

GameFi

Star Atlas x Sperasoft

Sperasoft, a traditional 3A game studio, announced the partnership with GameFi project Star Atlas on Solana to explore the gameplay and realistic graphics built on the next-gen game engine Unreal 5. Star Atlas is a strategy multiplayer online role-playing game (MMORPG) built on the Unreal 5 engine. The game is set in the year 2620 and revolves around a cosmic territorial and resource dispute between three races. The game is scheduled for alpha testing in the first half of 2022. Sperasoft is the co-developer of worlds's famous publisher Keywords studio, whose roster includes Halo Infinite, Assassin's Creed Valhalla, Rainbow Six Siege & many others. Source

Funding

Hxro Network Closed $34 Million in Funding

Solana-based decentralized derivatives infrastructure Provider Hxro Network closed a $34 million round of funding led by SIG DT, Jump Crypto and Blockchain Capital, with participation from Alameda Research, Coinbase Ventures, Solana and others participated in the round. Hxro Network's derivatives services will reportedly include futures, perpetual contracts, options, and more. Previously, Hxro Network raised $15 million from a token sale by macro hedge fund Commonwealth in September of this year. Source

Gaming Guild BlockchainSpace Closes $2.4 Million in Strategic Funding

BlockchainSpace, a P2E gaming guild, has closed a $2.4 million strategic funding round led by Morningstar Ventures with participation from Crypto.com, Alameda Research, Kingsway Capital and others. Previously, BlockchainSpace announced a $3.75 million seed round led by Animoca Brands, Spartan Group and others, with participation from Coingecko, Fenbushi Capital and others. Source

Colony Raised $18.5 Million in Seed Funding

Avalanche ecosystem accelerator Colony has raised $18.5 million in seed investments. The investment round was led by the Avalanche Foundation, an organization overseeing ecosystem development grants, with additional participation from Shima Capital, HashKey, GBV Capital and Bixin Ventures. Members of the Avalanche community also participated in the seed round. Source

Readings

• Blofin's Daily Market View on Dec 1: Source
• Introducing DoinGud: Source
• Visor Exploit Post-Mortem: Source