Crypto Daily Digest - December 30th

TI Research

Polygon has paid a bounty of approximately $3.46 million to two white-hat hackers, the company said in an official release. Terra World is planning a Land NFT airdrop event to celebrate the upcoming Terra World Land sale. Tezos Domains, a Tezos on-chain domain project, surpassed 40,000 registrations in December and plans to launch a DAO next year. Aave|Gnosis|Ankr

DeFi

Land NFT Airdrop Event for Terra World TWD - UST LP Stakers

Terra World, the metaverse protocol on Terra, is giving away 50 parcels of land to anyone who has contributed a pair of LPs worth over $10,000 TWD - UST between December 29, 2021 at 10:00 AM UTC and January 7, 2022 at 10:00 AM UTC, for a total of 50 entries. Snapshot will run randomly during the above time period, and users who remove their LPs before the end of the campaign will automatically be disqualified from winning. Source

Tezos Domains Surpassed 40,000 Registrations in December, Plans to Launch DAO Next Year

Tezos Domains, the domain project on Tezos, surpassed 40,000 registrations in December, and the project has seen a steady rise in registrations in the second half of the year, from 10,000 since June to 40,000+ this month. The project also mentioned plans to launch a DAO in 2022, but did not disclose details. Tezos Domains is a Tezos on-chain domain project that aims to create user-readable names for encrypted addresses on Tezos network. Source

StarkWare Product Manager Yael Doweck Presents Proposal for Aave Deployment

Yael Doweck, Product Manager at StarkWare, presented a proposal for the deployment of Aave, inspired by the already existing collaboration between StarkWare and MakerDAO. Key elements include providing a new liquidity sharing protocol that effectively connects liquidity between networks: improved protocol logic that can be replicated in other scalable environments such as Polygon; the first phase proposes to use a DeFi pool solution to deposit assets directly from StarkNet into the initial Aave protocol on Ethereum L1; the second phase will focus on implementing the full Aave protocol. The second phase will focus on implementing the full Aave protocol, exploring the possibility of optimizing the protocol. Aave is a noncustodial liquidity lending protocol on Ethereum, in which users participate as depositors or borrowers. Depositors provide liquidity to the market to earn passive income, while borrowers are able to borrow by way of over-collateralization (the vast majority). Source

Polygon Officials Pay About $3.46 Million Bounty to Two White Hat Hackers

Polygon has paid a bounty of approximately $3.46 million to two white-hat hackers, the company said in an official release. The reason is that on December 3 and 4, two white hat hackers reported vulnerabilities in the Polygon PoS Genesis contract on the vulnerability bounty platform Immunefi, respectively. Polygon decided to upgrade the main network after confirming the vulnerability and completed 90% of the verified node main network upgrade on December 5 block height 22156660. In addition, a hacker still used the vulnerability to steal 801,601 $MATIC before the network upgrade took effect, and the Foundation will cover the cost of the theft. Source

DEX CowSwap on Gnosis will Airdrop to $GNO Holders

DEX CowSwap on Gnosis (formerly the xDAI chain) has announced that it will airdrop $GNO to its holders at 20% of the total supply. CowSwap will snapshot user addresses on January 9, 2022, and Gnosis reminds users to convert $STAKE to $GNO as early as possible to receive the airdrops.

The airdrop distribution is as follows.

  1. 5% direct airdrop to $GNO holders.
  2. 5% authorized airdrop for holders who have committed to holding $GNO for 1 year.
  3. 5% is vested in GNOSDAO and therefore under the direct control of the $GNO holder.
  4. 5% as an investment option to purchase vested tokens at a fully diluted valuation of $150 million.

This follows the Gnosis community's vote on December 8 to approve the GIP16 Gnosis Chain-xDAI/Gnosis merger proposal. xDAI was renamed Gnosis and $STAKE was merged with $GNO. CowSwap is the first trading interface built on Gnosis v2, allowing users to buy and sell tokens using peer-to-peer or any on-chain liquidity source with no gas orders, while providing MEV protection. Source

Web3 Infrastructure Platform Ankr Announces NEAR Public RPC Rules

Web3 infrastructure platform Ankr has released the NEAR Public RPC rules, which enables developers to connect directly to the NEAR portal's gateway and communicate easily and remotely without having to create their own NEAR nodes. It is distributed around the world and run by independent nodes; it can be used anywhere and anytime without revealing personal information at all.

Steps to use.

  1. Go to the Ankr Protocol Public RPC page.
  2. Copy the NEAR public link and paste it into your command line interface.
  3. Ankr Protocol will connect your project to a cluster of NEAR nodes to exchange the required information.

This move is said to eliminate the time spent building, calibrating, and fixing node issues, thereby adding more additional NEAR nodes to create a more robust network. Ankr is a Web3 infrastructure platform designed to lower the barrier to participation in the blockchain ecosystem for individuals, enterprises, and developers. Source

NFT

Gundam-like Image NFT MekaVerse#2194 Sold for $500$WETH

According to OpenSea data, the Gundam-like image NFT number MekaVerse #2194 sold for $500$WETH, the highest price ever paid for the series. MekaVerse is a collection of 8,888 generative Meka inspired by the Japanese anime community, and each MekaVerse NFT holder can access Discord, Twitter and other sites for exclusive events. Source

Fundings

Sperax Closed $6 Million in Funding with Alameda Research and Others

Sperax, the Arbitrum-based algorithmic stablecoin project, announced the closing of a $6 million round of funding at a $200 million valuation with participation from Amber Group, Alameda Research, and DJ Steve Aoki, among others. Sperax is a decentralized algorithmic stablecoin that aims to provide holders with native revenue through its stablecoin, Sperax USD ($USDs). Source

Dfinity Eco AMM InfinitySwap Closed $1.5 Million Seed Funding Round

Dfinity Eco AMM InfinitySwap announced the completion of a $1.5 million seed round led by Polychain Capital's Beacon Fund, with a16z and Dfinity as limited partners and Draft Ventures, cycle_dao, Dfinity Eco Fund, and others. It is said that the funds raised will be used by the development team to continue to refine the details of the product. InfinitySwap, a platform for creating, holding and exchanging tokens on Internet computers, is designed to create a new decentralized marketplace that allows users to stake bitcoin directly from their wallets using Dfinity's Chain-Key technology. Source

Polygon

Terra

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