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Crypto Daily Digest - December 23rd

TI Research
Crypto Daily Digest - December 23rd https://twitter.com/Uniswap

Uniswap announced the official deployment of its V3 version to the Polygon network. TrustToken prohibited registration for Chinese users. Across Protocol now supports L1 to L2 bridging. TNS | Yearn | MetaMask

Table of Contents
  1. IDO
  2. DeFi
  3. Fundings

IDO

MeanFi IDO

MeanFi is a self-custody, permissionless & trustless web3 banking application powered by the Mean Protocol, and facilitates banking and retail investment banking workflows for people and businesses around the world. It is deployed on Solana. Previously, Mean DAO announced the closing of a $3.5 million round led by Three Arrows Capital, SoftBank and DeFiance Capital. IDO details are as follows.

  • Time: Dec 22nd at 15:00 UTC - Dec 24th at 15:00 UTC
  • Max Raise (cap): 24,000,000 $USDC
  • Min Contribution Allowed: 200 $USDC
  • Max Contribution Allowed: ranges from 50,000 $USDC - 2,000 $USDC
  • The Solanium Sale: Dec 25th, 2021
  • The Airdrop Distribution: Dec 26th at 15:00 UTC Source

DeFi

TNS Airdrop

Terra Name Service will airdrop $TNS to users. The exact rules of the airdrop have not yet been announced. The tokens will have governance as well as revenue sharing purposes. The total amount of the Genesis issue is 47 million, 17.7% of which will be used for the airdrop. The final $TNS total will be 100 million, 25% of which will be used for airdrop, so subsequent purchasers may theoretically still get airdrop. Source

For those interested in other public chains' domains, please refer to the following links.

Uniswap V3 Comes to Polygon

Last week the Uniswap community overwhelmingly supported the deployment of Uniswap V3 to the Polygon chain, which was officially completed earlier today. Uniswap's launch on Polygon represents a significant reduction in transaction costs for users, and good news for $MATIC holders as $MATIC hit an all-time high today. Source

TrustToken Bans New Registration of Chinese Users

TrueCurrency has announced that due to policy reasons, its major banking partners serving Asian clients have stopped accepting new users from mainland China. This change restricts new users in the region from minting/redeeming the following TrueCurrency products: including $TUSD, $THKD, $TGBP, $TCAD, and $TAUD. This means that TrustToken can no longer accept any new TrueCurrency users with a tax ID address or residential address in mainland China until the national cryptocurrency policy in mainland China changes. Source

Yearn Newsletter

The weekly report is summarized as follows.

  1. the $YFI token mechanism finally passed a vote proposing the creation of a $YFI pledged vault.
  2. The Yearn team purchased over $7.5 million in $YFI at an average price of $26,651; the Yearn treasury currently holds over $45 million and the team expects to have more aggressive buybacks in the future.
  3. that Ape Froman provided the Yearn team with a comprehensive report on $YFI. Source

Across Protocol Now Supports L1 to L2 Bridging

Across Protocol, an Ethereum cross-chain protocol, announced support for bi-directional bridging, enabling bi-directional interoperability of assets between L1 and L2 through the integration of Optimism, Arbitrum and Boba Network, Ethereum Layer2 scaling solution. Across Protocol is a Layer1 - Layer2 high-speed bridge protocol based on the UMA prophecy machine, which is implemented by allowing liquidity providers to grant short-term loans secured by Layer2 deposits on Ethereum. Source

MetaMask is Going Live with a New Version of EIP-1559 Support

Cryptographic Wallet MetaMask announced the upcoming launch of a new version supporting EIP-1559. The update aims to make transaction fees more predictable, optimize the user experience, and reduce the time delay for transaction confirmation. In addition, MetaMask has modified and simplified the original advanced setup options and stated that the base fee will be adjusted by 12.5% during times of high network congestion. Source

Fundings

Arcade Closed $15 Million Series A Funding Round Led by Pantera Capital

NFT lending platform Arcade (formerly Pawn.fi) has closed a $15 million Series A round led by Pantera Capital with participation from Castle Island Ventures, Eniac Ventures, Protofund and others. The funding round is said to be an equity round that will help Arcade expand its team, publicly launch the platform and attract more users. In addition, Arcade is currently in an unopened beta phase and will be available to the public early in the first quarter of next year. The platform currently supports Ether-based NFT as collateral for loans against all ERC-20 tokens, such as wETH, USDC, and DAI. Source

SPACE Metaverse Closed $7 Million in Financing with Animoca Brands and Others

SPACE Metaverse, a metaverse project, announced the closing of a $7 million round of funding with participation from Dapper Labs, CoinFund, Animoca Brands, Hof Capital, Digital Currency Group, and others. SPACE Metaverse is a virtual art and business world that is currently in an early access alpha version and has over 10,000 users. Source

Gaming Guild Cosmic Guild Closed $1.5 Million Seed Funding Round Led by Binance Labs

Cosmic Guild, a gaming guild, announced the closing of a $1.5 million seed funding round led by Binance Labs with participation from DeFiance Capital, Alameda Research, and Play Ventures. The funds will reportedly be used to expand Cosmic Guild's portfolio of NFT and digital gaming assets and provide more opportunities for Cosmic's community of gamers. Source

Momento NFT Closed $4 Million Seed Round with FTX, Animoca Brands and others

Momento NFT, the NFT social network platform, announced the closing of a $4 million seed round led by Cadenza Ventures with participation from FTX, Animoca and individual investor Mark Pincus, among others. Momento NFT is a direct-to-fan NFT social network dedicated to enabling fans and collectors to have the best moments of content creators. Source

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