Two funding events today both came from the Metaverse segment: Solana's Project Seed and Sandbox closed $3.1m and $93m in funding, respectively. There were also many updates in the derivatives market: Injective protocol updated its October monthly report, Notional released V2 version, and MakerDAO integrated with Lido's wstETH. The Etherum Name Service ENS established DAO and issued governance tokens $ENS. Ribbon | Curve | OlympusDAO | Genopets
The Gaming Metaverse project on Solana - Project SEED, has just announced the successful private funding round valued at $3.1 million. Led by Huobi Ventures, Solar Eco Fund, Cipholio, Solana Capital, and BlackEdge Capital. What's more, the upcoming IDO of Project SEED will be launched at Nov 9.Source
The Sandbox is a gaming platform that allows users to build a virtual world using NFTs. The Sandbox announced that they have raised $93 million led by SoftBank's Vision Fund 2.Source
Highlights of Injective in October include the pass of Proposal #60 for enabling IBC transfers on Injective Chain went live, the launched of Injective Pro relayer, announcement of new perpetual market listings and hidden markets for canonical and others. Source
Ribbon announced that it is looking for pilot partners for Ribbon Treasury, which are vaults that manage other protocol's native tokens by covered call strategy. Requirements for pilot partners are that 1) perps must exit on a CEX for hedging; 2) DAO should deploy $1-$5 million of the native tokens into Ribbon Treasury. Source
Fixed rate lending protocol Notional announces the launch of V2 and the start of liquidity mining for NOTE. 100 million NOTEs were issued, 50% for liquidity incentives and 20% for the first year of liquidity incentives.The biggest upgrades from V1 are: 1. Auto-rolling nTokens for LPs (can also be used as collateral for borrowing against). 2. Lend AND borrow up to 1yr at launch (2, 5, 10 & 20 yr coming). 3. LP w/ your borrow collateral in the same transaction (100% capital efficiency). Notional V2 underwent extensive internal testing and received three independent audits from ABDK Consulting, Certora, and Code Arena. Source
MakerDAO, the founding DAO behind the decentralised Dai stablecoin, has successfully integrated Lido’s wstETH token as a collateral asset on the Maker protocol. The integration allows Maker users to deploy their wstETH as collateral to mint DAI, leverage liquidity positions and maximise their Ethereum staking yields across the DeFi space. Lido’s stETH, built on the Ethereum network, lets users earn daily staking rewards on the beacon chain without having to lock up their ETH tokens and maintain staking infrastructure. stETH works as a derivative token, distributed to users upon depositing ETH into the Lido staking contracts. Source
Curve has officially launched EUR/USD forex pools. The pools have been deployed on Ethereum mainnet, Polygon, and Arbitrum. Source
Olympus Pro is about to launch on Fantom blockchain, according to the announcement of OlympusDAO. The launch will be joined with partners including SpiritSwap, LiquidDriver, Scream, and SpookySwap. Source
With 150 unique addresses voting for the DIP with about 32M $DYDX, and less than 0.1% voting against, the proposal about compensating users affected by the Safety Module issue has met the minimum quorum (20M) and passed. According to dYdX's founder Antonio, this is the first on-chain dYdX proposal. Source
The Recording Academy, whose famous for its Grammy Awards, has teamed up with OneOf, a music NFT marketplace on Tezos blockchain. The partnership plans to launch NFTs that will commemorate the 64th, 65th, and 66th Grammy Awards. The NFTs will be released as collectibles and experiences celebrating the Grammy Awards, nominees and recipients. Source
Genopets, a GameFi project on Solana announeced its token sale plan on Impossible Finance on 11.16. Impossible Finance provides 0.5% of $GENE - the native token of Genopets total supply. And the token price is 0.8 $BUSD. Source
Coinbase acquired an India-based artificial intelligence-enabled support platform, Agara to improve its customer support while expanding in India. Source
The ENS announced the creation of DAO and token $ENS, and the transfer of governance of ENS to the community, including control of the vault, control of future funding, and the .eth domain registration contract (responsible for domain registration mechanisms and pricing). Users can apply to become an ENS governance representative (application form: https://discuss.ens.domains/t/ens-dao-delegate-applications/815), and $ENS token claim will begin next week based on the November 1 snapshot list. The current number of unique participating addresses in the Ether Domain Name System ENS is 151,369 and the total number of domains is 401,954.Source
The U.S. Treasury Department has released the report on stablecoin risks. The report requests for laws that would expand regulatory oversight over stablecoin issuers like Tether, Circle, Paxos, etc. Source
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