Crypto Daily Digest - November 30th
The AMM protocol Bancor introduced in V3, and this article lists a few features of the new product. Lending protocol NAOS Finance goes live on BSC. Squad v2 goes live. Binance will soon list with Alchemix token $ALCX. Colony | MeanDAO | Iron Fish | Alchemix
Colony Token Sale
The colony is an Ethereum-based infrastructure protocol for DAO building. It provides a complete DAO toolkit for users to create and operate DAO including funding, token generation, management, etc.
- Token: $CLNY
- Price: 50xDai
- Coin Machine, Dec 14, 12:00 (UTC) Source
Binance Lists Alchemix - ALCX
Binance will list Alchemix (ALCX) and will open trading for ALCX/BTC, ALCX/BUSD, and ALCX/USDT trading pairs at 2021-11-30 06:00 (UTC).
- Withdrawals for ALCX will open at 2021-12-01 06:00 (UTC)
- Alchemix is a DeFi protocol that allows for the creation of synthetic tokens that represent the future yield of a deposit. ALCX is the native token of Alchemix and is used for protocol governance and liquidity mining. Source
Bancor is an AMM-based decentralized exchange that enables automated, decentralized exchange on Ethereum and across blockchains. In October 2020, Bancor introduced a model for “impermanent loss protection”. This helps users to deposit tokens in the AMM pool easier and more lucrative. Now Bancor is going to launch the 3.0 version, and the main improvements are listed below.
- Omnipool: a single pool to stake your BNT and earn yield from the entire network.
- Infinity Pools: there are no longer deposit limits on Bancor liquidity pools.
- Bancor V3 will offer full Impermanent Loss Protection from day one rather than staking tokens in a pool for 100 days or more.
- Users' trading fees and rewards will be automatically re-added to the pool, namely auto-compound.
- In Bancor V3, token projects can now offer rewards on their pools, so depositors can earn more rewards.
- Magnify BancorDAO's governance power. Source
NAOS Protocol Launches on BSC
NAOS Finance is a decentralized real-world asset (RWA) lending protocol that facilitates the borrowing of crypto native assets by using RWA as collateral. Its mainnet will officially launch on December 1st. And there will be NFT airdrop for qualified early participants. Source
Squads v2 Launched
Squads v2 has landed on devnet. v2 is a no-code tool for deployment of Squads — governance multisigs controlled by on-chain proposals. A Squad is a multi purpose vehicle which can be used as:
- a team multisig solution
- an easy to use no token DAO framework
- a department of a larger DAO / subDAO
- a programmable multisig governing protocol treasury or protocol updates. Source
Mean DAO Closed $3.5 Million in Financing Led by Three Arrows Capital and Others
Mean DAO announced the closing of a $3.5 million funding round led by Three Arrows Capital, SoftBank and DeFiance Capital, with participation from Skyvision Capital, Solar Eco Fund and others. The funds raised will reportedly be used to facilitate a money flow protocol for the DeFi ecosystem on Solana, a service that automates payment and banking workflows and allows for flexible payment schedules. Source
Mainframe Industries Closed €20 Million Series B Financing led by a16z
Cloud gaming studio Mainframe Industries has closed a €20 million Series B round of funding led by a16z. Its goal is reportedly to release the first fully cloud-native massively multiplayer online game (MMO), meaning users can access the game from any Internet-connected device. Previously, Mainframe closed an $8.1 million Series A round led by a16z in March 2020. Source
Iron Fish Closed $27.6M Series A Funding Round Led by a16z
Privacy crypto startup Iron Fish has closed a $27.6 million Series A round led by a16z with participation from Sequoia Capital and others. The funds raised will reportedly be used to scale its team and build a vault for distributing grants to companies under construction and to pay legal fees to help ensure processes are as compliant as possible. Source
The news, articles, reports or other information we provide are based on public sources considered to be reliable, but TokenInsight does not guarantee the accuracy or completeness of any information contained herein. The news/articles/reports or other information had been prepared for informative purposes only and does not constitute an offer or a recommendation to purchase, hold, or sell any digital assets (cryptocurrencies, coins, and tokens) or to engage in any investment activities. Any opinions or expressions herein reflect a judgment made as of the date of publication, and TokenInsight reserves the right to withdraw or amend its acknowledgment at any time in its sole discretion. TokenInsight will periodically or irregularly track the subjects of news/articles/reports or other information we provide to determine whether to adjust the acknowledgement and will publish them in a timely manner.
We adhere to high standards and values of reporting news, and we do our best to be objective and unbiased at all times.
TokenInsight takes its due diligence to ensure news/articles/reports or other information we provide a true and fair view without potential influences of any third party. There is no association between TokenInsight and the subject referred in the contents which would harm the objectivity, independence, and impartiality of the reporting.
Trading and investing in digital assets (cryptocurrencies, coins, and tokens) may involve significant risks including price volatility and illiquidity. Investors should be fully aware of the potential risks and are not to construe the content of the report as the only information for investment activities. None of the products or TokenInsight Inc, nor any of its authors or employees shall be liable to any party for its direct or indirect losses alleged to have been suffered on account thereof.
All rights reserved to TokenInsight.