Crypto Daily Digest - November 9th

Discord Plans to Integrate Crytpo Wallet

According Jason Citron, the founder and CEO of Discord, Discord plans to support crypto wallets connected to Discord. Citron has released a pre-release image of the feature. The image shows that it will support Metamask and WalletConnect at the beginning. Discord is an instant messaging and digital distribution platform, and it is now one of the most popular social media platform in cryptocurrency industry. Source

DeFi

Tempus Introduces $TEMP Token and Launches New UI

Fixed interest rate protocol Tempus introduced its own governance token $TEMP on Nov 6th. The token serves two main roles: governance, and staking to receive a share in network fees. $TEMP holders can propose changes to the protocol, including adjusting protocol-level fees, either minting, or burning $TEMP tokens and delegate of their voting right. $TEMP holders will be able to enable fees on deposits, withdrawals, and swaps on Tempus. A portion of these fees will accrue to the Tempus Treasury, while some of them will accrue directly to those who stake their $TEMP for $xTEMP. On Nov 8th, Tempus launched a new user interface integrating their new branding and bringing a complete redesign of the transactions dashboard.

Token Intro: Source

UI Updates: Source

Drift is Officially Open-Souced

According Jason Citron, the founder and CEO of Discord, Discord plans to support crypto wallets connected to Discord. Citron has released a pre-release image of the feature. The image shows that it will support Metamask and WalletConnect at the beginning. Discord is an instant messaging and digital distribution platform, and it is now one of the most popular social media platform in cryptocurrency industry. Source

Gelato Collaborates with mistXLabs to Bring Limit Orders MEV Protection

Gelato announced that it had collaborated with mistXLabs, which provides Flashbots Protect API to developers into their dApps, to bring limit orders service to its users. The service is fully compatible with Flashbots, where submission is done via the mistX API. Gelato Network is an automation layer of in DeFi space. It has supported services like limit orders, debt refinancing, and LP management and has partnered with multiple protocols. Source

Genopets Will Have Its Token Launch on 18 November Across Four Platforms

Genopots announced that its token, $GENE will be launched on November 18 and users can participate the public sale through four different platforms. Its IDO will be held on Bybit and MEXC, and IDO will be on Raydium and Impossible Finance. A total of 145k $GENE will be sold and the price is set at 0.8 USDT, indicating a FDV of $80m. Genopets is a Move-to-Earn NFT game built on Solana. It has raised $8.3m in its seed round last month. The seed funding was co-led by Konvoy Ventures and Pantera Capital, with participation from Old Fashion Research, Alameda Research, Solana Capital, Xoogler Ventures, Animoca Brands, GBV Capital, Yield Guild Games, etc. Source

Polynomial Testnet is Live

Options liquidity aggregator protocol Polynomial announced that its testnet has been lived on the Görli network, with liquidity support provided by Opyn and UMA. Currently, options available for testing are ETH call and put options. Polynomial is an option liquidity aggregation protocol on Ethereum. It aims to integrate the liquidity from different options agreements, provide users with the best options quotations, and plan to provide structured product-related functions in the future. Source

Brave Browser to Integrate Solana dApps

• Brave has announced plans to support Solana dApps within its privacy-focused browser.

• The integration with Solana will be completed within the first half of 2022.

• Solana will also implement Themis, a privacy-by-design advertising protocol on its network.

• Brave is a popular privacy-focused browser, and it also has a token $BAT (Basic Attention Token). Source

Fundings

Matter Labs Closed $50m Series B Financing Led by a16z

Matter Labs, the company behind the Ethereum Layer 2 scaling protocol zkSync, has closed a $50 million Series B round of funding led by a16z, with participation from Dragonfly, Placeholder, 1kx, Blockchain.com, Crypto.com, Consensys and others. Crypto.com, Consensys, and others. The funds raised will be used to expand its team and grow the business. zkSync is a zero-knowledge proof Layer2 scaling solution developed by the team at Matter Labs, a pioneer in zero-knowledge proof technology for Ether, which pioneered recursive ZK proofs on Ethereum and created the world's first practical FPGA-based ZKP acceleration hardware in 2020. Source

Jet Protocol Closed $6.8 Million in Financing with Paradigm and others

Jet Protocol, Solana's eco-lending protocol, closed a $6.8 million round of funding with participation from Paradigm, Solana Capital, GSR, Three Arrows Capital, Ascendex and others. The funding round will be used to help bring Jet's protocol, governance and scalable product concept to the real world. Previously, Jet Protocol closed a $4.8 million seed round in June of this year with participation from Alameda Research, MGNR, ParaFi Capital and others. Source

Meow Raised $5m in Seed Round of Funding From Coinbase Ventures

Meow has raised $5 million in a seed round of funding from Coinbase Ventures, Gemini Frontier Fund and Lux Capital, among others. Founded by a team of crypto veterans and former Gemini engineers, Meow said it is focused on developing a compliant-first approach to corporate treasury participation in crypto markets. The company says it can offer an alternative approach to those worried about the risks of inflation, as well as provide crypto-sourced yield in fiat (USD), which is the way corporate treasurers are used to operating. Source