Crypto Daily Digest - December 24th

TI Research

Web3.0 middleware Keep Network released a proposal to stop inflation of the protocol token $KEEP earlier today and put it to a multi-signature board vote, which has now passed. DeFi yield aggregator Gro Protocol recently announced a partnership with Argent, a smart contract wallet, and zkSync, an ethereum scaling solution. Terra On-Chain TVL has now surpassed the $20 billion mark, surpassing BSC's TVL ($16.95 billion). Sandbox|Avalanche| Polygon

DeFi

Santa Swap has Opened Gift Exchange Channel on NFT Gift Exchange Platform

The Santa Swap-based NFT gift exchange channel is now open and will run for 48 hours (entry ticket required). Each admission ticket requires the user to deposit one NFT, and for every single deposit, the user needs to pay two Gas fees. Santa Swap is an NFT gift exchange platform on Ethereum, and 100% of the proceeds from the platform's ticket interactions will eventually be donated to charity. Source

Centrifuge TVL Reached $50 Million

Centrifuge, a real-world asset-based lending protocol on Polkadot, has a locked position of over $50M. As of 12/24 at 6pm, there are 11 pools on the platform, each with an APY between 3-10%, and investment in the platform's projects requires KYC and a minimum single investment of at least 5,000 DAI. Source

Gro Protocol Announced Partnership with Argent and zkSync

Gro Protocol, a DeFi revenue aggregator, recently announced a partnership with Argent, a smart contract wallet, and zkSync, an Ethereum scaling solution. This means that Gro Protocol users can leverage the Argent wallet and zkSync scaling solution to enable low-cost trading of ETH and ERC20 tokens in the Ether network. Gro Protocol acts as a DeFi yield aggregator, balancing risk and offering leveraged and protected savings through its staging mechanism. It uses a pool of funds to gain both protected savings and returns by taking more risk for leveraged returns or saving with PWRD. Source

Keep Network has Passed a Proposal to Stop $KEEP Inflation

Web 3.0 middleware Keep Network released a proposal to stop inflation of the protocol token $KEEP earlier today and put it to a vote by the Multi-Signature Council, which has now approved the proposal. According to the proposal, Keep Network network pledge/liquidity rewards have been calculated in advance and distributed through a community proposal. In addition, over 59 million $KEEPs will be destroyed, which will result in a reduction of the total theoretical supply of $KEEPs from 1 billion to 940 million. At the same time, the adoption of the proposal means that $KEEP will be exchanged in the near future for $T at a ratio of 1:4.78. $T is the governance token of the Threshold network, which is about to be merged by Keep Network and Nucypher on December 31, in what will be the first official merger in the history of the DeFi protocol.

BSC Terra On-Chain TVL Tops $20 Billion, Surpassing BSC

Terra On-Chain TVL has now surpassed the $20 billion mark, surpassing the TVL of BSC ($16.95 billion). This makes it the second largest DeFi public chain in terms of TVL, after Ethereum. Earlier this month, Terra's TVL was $11.9 billion, and it has grown 68% in less than a month. It can be seen that Terra's users are investing heavily in different protocols to get staking returns. Source

PricewaterhouseCoopers Purchased The Sandbox Site

The Sandbox team said that the well-known accounting firm PricewaterhouseCoopers (PwC) has purchased some land parcels (LAND). Representatives of PwC (HK) did not specify the specific parcels of land purchased and their prices. Source

Avalanche x Alchemy Pay

Avalanche announced the integration of a fiat currency payment portal through Alchemy Pay, a payment solution that connects fiat currency to the crypto economy. In addition, Alchemy Pay integrates AVAX into the global crypto fiat gateway, making it easier for Avalanche to be used more generally for business-to-business or customer-to-business payments. Alchemy Pay is a provider of integrated fiat and cryptocurrency gateway solutions, offering seamless crypto and fiat authentication for merchant networks, developers and financial institutions. Source

NFT

NBA star Stephen Curry Releases Sneaker Line NFT on Polygon

NBA superstar Stephen Curry has now released five Genesis Curry Flow sneaker series NFTs on Polygon. the Genesis Curry Flow series consists of 2,974 unique NFTs designed to celebrate the recent 3-point world record broken by Golden State Warriors' Stephen Curry. It highlights all aspects of Curry's game and journey to becoming the greatest 3-point shooter of all time. The current floor price is 0.59 ETH and total sales have surpassed 1,300 ETH. Source

Fundings

DOGAMÍ Closed $6 Million in Financing with Animoca Brands and Others

DOGAMÍ, a NFT game, has announced a $6 million round of funding from Ubisoft, Animoca Brands and The Sandbox co-founders. It is said that the funds raised will be used to build its own pet metaverse. DOGAMÍ aims to break through existing bottlenecks in game design, user experience and mass appeal. Players entering the pet metaverse will have access to over 300 pet breeds, each with its own characteristics. In addition, interaction between players and virtual pets will be achieved through mobile applications that support augmented reality. Source

Terra

DeFi

TI Research

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