What Happened on Dec. 20th｜Polygon Co-Founder Launches Web3 Accelerator Beacon

DeFi

• Waves founder will launch a new stablecoin and a $USDN situation resolution plan.
• Amber Group: the critical vulnerability in Mai Finance's vault has been fixed.
• Sushi DAO votes to direct all fees generated by the SushiSwap DEX to the protocol's treasury.
• Drift Protocol V2 is now live on open mainnet.
• Mojito Markets pauses protocol development due to FTX crash.
• Helio Protocol resumes functions except for liquidation.
• Across Protocol launches governance system.

CeFi

• a16z Crypto Funds still have billions to deploy, says co-founder Chris Dixon.
• OKX will list $BNB for spot trading.
• Market making firm Auros filed an application for bankruptcy protection.
• BlockFi asks the US Bankruptcy Court to allow users to withdraw from their wallet accounts.
• 5 wallets tied to QuadrigaCX moved around 104 $BTC recently.

Infrastructure

• Aptos ecosystem wallet Martian enters into partnership with MoonPay.

Metaverse & NFTs

• Facebook's Meta will devote 20% of costs to Metaverse next year.

Policy & Regulation

• Binance joins the Executive Committee of the Chamber of Digital Commerce.
• Gate US receives licenses to operate in several US states.

Fundings

• Polygon co-founder launches Web3 startup accelerator Beacon.
• Bitcoin development company Layer 2 Labs raises $3M in a seed round.
• DeFi structured product Pods closes $5.6 million seed round with IOSG involved.
• Arrakis Finance closes a $4 million seed funding round with Uniswap Labs Ventures involved.
• Axelar launches a $60m startup ecosystem program.