Crypto Daily Digest - October 22nd

<Binance Smart Chain> TokenInsight news, Binance Smart Chain has proposed BEP-95 on Github, which focuses on accelerating the burning of $BNB and making BSC more decentralized. The proposal suggests that the initial burn rate be set at 10% of the Gas fee, and changes to the burn rate will be proposed by the BSC validators and proposed by the community members. TokenInsight will continue to monitor the progress of the proposal. https://tokeninsight.com/latest/431

NFT

<Immutable X> Immutable X just announce that IMX will be split at 1:100 in supply at 22 October 2021 midnight UTC. Supply will be increased proportionally, all allocations and users will receive the same percentage share of IMX. A new token contract has been created and IMX token supply cap increased from 20M to 2B. It is said the update aims on a better user experience as users won’t have to deal in small fractions of an IMX. Source

<SuperFarm> SuperFarm is excited to announce the first fully featured NFT launchpad on the ImmutableX scalable layer 2 protocol. This collaboration will enable SuperFarm partners and users to access gasless NFT drops protected by the security of Ethereum. Source

Yield

<Tranchess> The native token of Tranches, CHESS token will be listed on Binance's Innovation Zone. The trading will be opened at 2021-10-22 06:00 (UTC). Source

<Oh! Finance> Oh! Finance, a yield protocol on Avalanche opens its IDO registration. The registration will be closed at 2pm on October 24. Source

<Ribbon Finance> Ribbon Finance has increased its v2 pools capacity. Currently its two covered call pools have the capacity of 10,000 ETH and 250 BTC. Source

Terra

<TerraLand> The TerraLand project is a global transaction platform based on blockchain technology for the sale of entire real estate or its individual parts. Now, StarTerra partnership will IDO for TerraLand next week. The IDO price is 0.09 UST. Source

Derivatives

<Oddz> Oddz Finance confirmed that liquidity providers will be free to design their own strategies for options trading. Source

More Details: Source

<Dopex> Arbitrum has removed the DPX Token bridge listing on https://bridge.arbitrum.io accidentally due to the ending of their whitelisting period. Project team has contacted the Arbitrum team to add it back. Source

<Beta Finance> Retroactive rewards + a new period of LM are live Oct. 25 by 1 PM UTC. 5.5MM $BETA tokens are allocated to retroactive liquidity mining for Phase1. First period LM rewards will be claimable by 1st Nov. 180,000 $BETA will be distributed over the next period. Source

<Synchrony>Solana-Based DeFi Protocol Synchrony Raises $4.2M for Composable Indices. The funding, led by by Sanctor Capital, Wintermute Trading and GBV Capital, will also go toward its marketing operations. Source

Others

<MatrixETF> MatrixETF has officially launched the First Index Product, Matrix DeFi Index (MDI). MDI is constituted by popular DeFi projects in crypto market such as UNI、LINK、AAVE、GRT、MKR、COMP、DYDX、SUSHI、YFI、CRV etc. Users could buy MDI on MatrixETF APP or Uniswap or mint MDI by Uniswap router. Source

Readings

Q3 Quarterly Report for Compound. Source