Crypto Daily Digest - December 8th

TI Research

On Dec 8th, SequoiaCap renew its twitter profile, indicating a stepping into DAO business. Mean Finance announced to launch its V2 Beta testnet on Optimism (Layer2). SocialFi content NFT trading platform built on Flow Starly has closed the pre-IDO funding round with $6.125 million. Nova | Platypus | BlockchainSpace | Primitive | Alchemix | Ubisoft

IDO

Nova IDO

Nova is a programmable asset framework that allows people to access DeFi without having to learn complex financial management skills. With the product, users can create a portfolio of assets to automatically generate returns through yield strategies, all the while executing investment strategies such as dollar-cost averaging, take-profit calls and much more. $NOVA is the governance token of the protocol.

  • Token: $NOVA
  • Price: $2.00
  • Allocation: 100,000 NOVA
  • Whitelist Start: Dec 7, 14:00 (UTC)
  • Whitelist Lottery Results: Dec 9, 14:00 (UTC) Source

Platypus IDO on Avalaunch

Platypus is a new type of DEX on Avalanche with shared liquidity, flexible pool composition, single-sided token, which is designed for enhanced capital efficiency, scalability and user experience.

  • Token: $PTP
  • Price: $0.10
  • Allocation: 10,500,000 PTP
  • Registration: Dec 9
  • Sale: Dec 13
  • Vesting: 10% at TGE, monthly vesting for 12 months Source

BlockchainSpace Token Launch Auction

BlockchainSpace provides data and infrastructure services to Play-To-Earn guilds, including data analysis tools and financial solutions. The tools provided by BlockchainSpace include Customer Relation Management (CRM), Guild Data Analytics, Guild Financial Bank, Axie Academy Discord Bot (V2). BlockchainSpace also runs academies, including Axie Academy and Sandbox Academy.

  • Token: $GUILD
  • Start Price: $1.1083
  • End Price: $0.06
  • Copper Launch: December 8, 2021, 13:00 - December 11, 2021, 13:00 UTC Source

DeFi

Mean Finance V2 Beta Testing

Mean Finance announced to launch its V2 Beta testnet on Optimism (Layer2) lasting for 4 weeks. Optimism is the first chain the protocol supported, but it will co-exist on L1s, L2s, and sidechains in the future. Additionally, Mean Finance V2 has been audited by Pessimistic. Source

Introduction of Primitive

Primitive introduces the Replicating Market Maker ("RMM-01"), a spot exchange and derivative protocol. The protocol is slated to launch in December 2021 on Ethereum L1 mainnet, Arbitrum L2, and Optimism L2. The features on launch include:

  • Concentrated fungible liquidity
  • Liquidity pool tokens that replicate covered call options Source

Alchemix is Coming to Layer2

Alchemix tweeted that the protocol will be soon launched on Layer2. According to the roadmap disclosed by Alchemix, it plans to expand on multiple EVM compatible chains including Arbitrum, Polygon, and Avalanche. Alchemix is a yield protocol that allows for the creation of synthetic tokens that represent the future yield of a deposit. Source

A Proposal to Raise the wstETH debt ceiling on MakerDAO from 50m to 200m

A proposal on MakerDAO to adjust the system parameters of wstETH. The five proposed adjustments are as follow:

  • Increase the wstETH-A maximum debt ceiling from 50m to 200m DAI.
  • Increase the wstETH-A Target Available Debt from 3 million DAI to 20 million DAI.
  • Decrease the wstETH-A Debt Ceiling Increase Cooldown from 8 hours to 6 hours.
  • Decrease the wstETH-A Auction Price Multiplier from 1.3 to 1.2.
  • Increase the wstETH-A Local Liquidation Limit from 3 million DAI to 15 million DAI. Source

SequoiaCap Step Into DAO

On Dec 8th, SequoiaCap changed its Twitter profile to "Mainnet faucet. We help the daring build legendary DAOs from idea to token airdrops. LFG" This may indicate a stepping into DAO business. Source

NFT/GameFi

Ubisoft Reveal NFT Marketplace Quartz

Unisoft, the video game publish giant behind Assassin's Creed and Tom Clancy's Series, just revealed Ubisoft Quartz. Quartz is a NFT marketplace that allows players to trade in-game items that are tokenized as NFT on Tezos blockchain. Quartz will launch first in the PC version of Tom Clancy’s Ghost Recon Breakpoint, the latest online game in the long-running tactical shooter series, on December 9 in the United States, Canada, France, Germany, Spain, Italy, Belgium, Brazil, and Australia. Source

Fundings

Starly Closed New Round Led by Spartan Group

SocialFi content NFT trading platform built on Flow Starly has closed the pre-IDO funding round with $6.125 million raised from numerous global investors, led by Spartan Group. The funding round includes investors such as Dapper Labs, Animoca Brands, LD Capital, Double Peak, Axia8, Youbi Capital, KuCoin Labs, Shima.capital, SkyVision Capital and angels including Marat Kichikov, managing partner at BitFury Group, who joins in advisor capacity as well. The main mission of Starly is to give anyone easy access to tools for turning their content into an exciting and monetizable NFT based experience for the community around them. Source

DeFi

Tools

Sequoia Capital

TI Research

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