Overseas Weekly | Aragon launches liquidity mining plan; Synthetix launches dHedge, a decentralized asset management platform (7.20-7.26)
Produced by Odaily
Author | Wang Ye
Editor | Hao Fangzhou
Produced by Odaily
Author | Wang Ye
Polkadot officially launched the third round of public offering, selling 300,000 DOTs through website registration.
The following are overseas project progress and financing events:
Star Project Progress
The following are overseas project progress and financing events:
Star Project Progress
Polkadot officially opened the third round of public offering, selling 300,000 DOTs through website registration
According to previous news, Polkadot has opened a webpage on the website to collect information on supporters who intend to participate in the latest round of Polkadot token public offerings. Registration information shows that residents of the United States, Japan and other places may not be able to participate in the latest round of public offering. According to public information, the cost of Polkadot’s first crowdfunding in 2017 was about 35 US dollars per DOT. Later, in 2019, it conducted a second round of financing and sold 500,000 DOTs through private placement. At that time, the cost of each DOT was announced About $120.
Four Major South Korean Banks to Provide Exchange Rate Data to DeFi Platforms
Four major South Korean banks will be involved in a joint project involving a partnership with Chainlink (LINK) and South Korean fintech platform Center Prime. It is reported that Shinhan Bank, IBK Bank, KEB Hana Bank and NH Bank will input USD/KRW exchange rate data into Chainlink nodes in real time, and DeFi providers can access these decentralized exchange rate data when creating smart contracts on the blockchain platform. Reporting media D Daily stated that this move may bring more Korean users to DeFi, and service providers will be encouraged because their exchange rates are provided by large commercial banks.
yearn.finance launches v2 version, which will add USDC contract fund pool
yearn.finance launches v2 version, which will add USDC contract fund pool
Last week, yearn.finance announced an update, the v2 version increased the USDC contract fund pool. The disclaimer is as follows:
It is very experimental, please read the contract before using it;
0.05% withdrawal fee;
Strategies contain weekly distribution of rewards;
According to the previous news, yearn.finance officially stated that the current liquidity mining is becoming more and more complicated, and the team found that the v1 version is becoming rigid, and it is no longer possible to incorporate a new loan pool with higher interest rates. The newly launched v2 version will be more concise than v1, and you only need to log in (checkin) to participate in the growing investment portfolio (v2 will provide all services).
Cardano has entered the final stage of preparation for the Shelley hard fork
In the video, Hoskinson said that while the entire team has been working very hard recently, with many working on weekends, to deploy the new mainnet and find and iron out any bugs, before the launch of Shelley on July 29, developers and The QA team will work harder to check the checklist to find and fix any problems. He said so far so good.
Kava #15 Proposal Approved: Minting Reward Program will be launched at 22:00 on July 29
According to official sources, the Kava #15 proposal stipulates that 3,848,000 KAVA (worth about 10 million U.S. dollars) will be given away to users who use Kava CDP to mortgage BNB to lend USDX within 52 weeks. The current proposal exceeds the voting quorum with 99% of YES votes. This proposal will open the Kava minting reward program at 22:00 Beijing time on July 29, 5 days later.
The avalanche protocol integrates DirectAuth, which will provide a one-click wallet login function
It is reported that Torus raised $2 million in 2019 from investors such as Binance, Coinbase, Multicoin Capital and Accomplice. Currently, Augur, KyberSwap, Totle, Loopring, Curve, and a host of other projects have integrated Torus.
Beam is building a new DeFi platform Beam Confidential DeFi
The privacy coin project Beam is building a new DeFi platform, Beam Confidential DeFi, which allows developers to use various components and APIs to create private DeFi applications. Beam expects to devote itself to the development of applications on the Beam Confidential DeFi platform in the second half of 2020 and throughout 2021.
Decentralized Autonomous Organization Platform Aragon Launches Liquidity Mining Program
The decentralized autonomous organization management platform Aragon (ANT) announced that it will launch a liquidity mining reward program on Uniswap V2, and the ANT/ETH fund pool is currently open for deposit services. The rewards will start to be calculated at 23:00 on July 22, Beijing time. Aragon will automatically distribute 50,000 ANTs to liquidity providers as rewards after 30 days according to the pledge ratio and pledge time. If this round of liquidity mining rewards can be successfully carried out, Aragon plans to include other Aragon network tokens (such as Aragon Court’s native token ANJ, and the upcoming Aragon Chain token ARA) into the liquidity mining reward plan.
Augur, a decentralized prediction market, releases the v2 master plan. This version will focus on providing a mobile-first user interface, creating open source tools, improving liquidity, and bringing offline social gaming experiences including comments and chats online. With the core platform already in place for users, the current phase will focus on growth and user activation, building an open-source betting view for Augur that can be accessed by traders and bettors.
Synthetix launches dHedge, a decentralized asset management platform, and the mainnet will be launched in September
Synthetix launches dHedge, a decentralized asset management platform, and the mainnet will be launched in September
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Investment and financing overview
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Investment and financing overview
It is reported that these institutional partners will work with Injective Protocol to carry out in-depth cooperation on the liquidity management of the encrypted asset trading market, global business and market brand expansion, and work together to break through the bottleneck of DEX users and transaction volume. In addition, the Injective Protocol testnet is about to be officially opened for public testing, and it is preparing to launch the mainnet and issue tokens in the third or fourth quarter of this year.
Synthetix, a synthetic asset protocol, received more than $4 million in investment from institutions such as IOSG and Three Arrows Capital
Synthetix stated that the aforementioned institutions have collectively invested more than $4 million in the protocol, and their participation has allowed Synthetix to expand the value of the network and the liquidity available to end users. Synthetix will enter the next stage of maturity, and these institutional partners will continue to work with Synthetix Spartans. With the recent launch of Binary Options, the addition of new assets, the expansion of the Korean and Chinese markets, and the upcoming release of Synthetic futures, Synthetix is very excited about the growth prospects of the network.
Encrypted lending platform Celsius Network will close equity financing and has raised $18.8 million
On July 16, Celsius Network announced that it had completed a financing of US$17 million through BnkToTheFuture. The initial financing target was US$15 million, and then expanded the financing scale to meet the needs of the community.
Swiss digital asset broker Bitcoin Suisse completes about US$48 million in Series A financing
Swiss digital asset brokerage Bitcoin Suisse announced the completion of a 45 million Swiss franc (approximately US$48 million) Series A financing led by Roger Studer, former head of investment banking at private bank Vontobel. It is reported that this financing is the first time for Bitcoin Suisse to issue new shares to external investors. A round of financing released a total of 16.4% of the shares.
Cryptocurrency Quantitative Fund Manager Cambrian Completes $4 Million Seed Funding
The seed equity round was led by Renaissance Technologies and First Round Capital co-founders Howard Morgan, Charles B. Johnson and Franklin Templeton family investment office, IVP general partner Dennis Phelps, Business Insider and MongoDB co-founder Kevin P. Ryan .
Stafi, a decentralized finance project based on Polkadot (DOT), has completed a $600,000 seed round of financing, which will be used to build liquid staking. The project hopes to implement liquidity staking on Polkadot and possibly other blockchains. It is reported that Stafi works in a similar way to various automated revenue tracking protocols on Ethereum, but only for staking.
Orion Protocol raises $3.45 million through new financing method DYCO
As far as Orion Protocol is concerned, the project guarantees that 80% of the funds will be reserved for investors holding its ORN tokens. “The refund process starts from month 9 to month 16, with refunds in U.S. dollars throughout the process,” said the project leader, who has so far been using its own roughly $300,000 in seed money, according to the team. Funds remain in operation.
South African exchange VALR raises $3.4 million led by 100x Ventures
