Defi
Lens Protocol is building its own chain— Lens Network , a validium on Matter Labs zk Stack, powered by zksync
World’s largest securities settlement system, DTCC, completed a pilot project w/ LINK & JPMorgan, Templeton, etc to accelerate Fund Tokenization
They raised $111M
They’re doing loyalty points, I staked my Eigen.
Use my ref:
https://infstones.com/points?ref=5267443315
Lido Co-founders and Paradigm are secretly backing Eigen competitor, Symbotic, built by Stakemind team
Blackwing, a modular chain for margin trading raised $4.5M seed.
Please use my ref to farm- blackwing.fi/v3i3kn
Worldcoin fdn announce launch and open sourcing of its novel secure multi-party computation (SMPC) system.
It’s available on github for any organization to use, aims to set a new standard for data protection, including the protection of biometric data.
XR Foundation, in partnership with Saltwater Games, announced the launch of XR One, an L3 gaming chain built on Arb Orbit
Ripple and Peersyst will leverage Evmos tech, evmOS to develop and enhance the XRP Ledger (XRPL) EVM sidechain, which is currently in Devnet. evmOS is a modular and customizable tech stack that’ll enable EVM compatibility and full customizability on top of the Cosmos SDK
CyberConnect launched its L2 integrating OP stack. AltLayer will manage the rollup’s technical launch and upgrades.
MakerDAO said they’ll launch PureDAI in a few years, it’ll be a decentralized alternative to $DAI which will use ETH and stETH as collateral
Alvara Protocol, defi based fund management system, launches testnet
Initia’s Public Testnet went live.
Degen chain back online after a 2 days hiatus
Built on ICP, Bitfinity has introduced its EVM that’ll allow devs to deploy Bitcoin-based Solidity smart contracts, allowing them to transfer BTC, Ordinals and Runes.
Deutsche Bank join forces with Monetary Authority of Singapore’s Project Guardian to help test asset tokenization implementation.
This past week, RoaringKitty who led GameStop squeeze came back tweeting after 3 years hiatus. $GME $Kitty pumped due to this
CEO Antonio Juliano, steps down to become chairman and president of dYdX Trading Inc. Ivo Crnkovic-Rubsamen will take over as CEO
Defi lender, Liquity new upgrade will include an overcollateralized stablecoin, BOLD will co-exist with their LUSD, that’ll make use of ETH LSTs as backing assets and allows user-set interest rates for loans
Polymarket raised $45M series B round led by Peter Thiel's Founders Fund with participants including Vitalik, DragonFly etc
Sonne Finance exploited for $20M. The team is ready to offer a bounty to the attacker in exchange for return.
Pump[.]fun dev exploited the project’s bonding curve leading to a $2M+ loss. Team says project is now back to normal
Pancakeswap to pay $8M in fees traders incurred on Uniswap. This is eligible to users who match their Uniswap v3 volume 1:1 on PancakeSwap v3 between May 16 and Aug 15
MODE staking v1.2 now live with 200k OP to be rewarded
Polkdadot has released Asynchronous Backing, which sets stage to Dot 2.0 that’ll improve scalability
Asynchronous Backing reduce block time frm 12 to 6 secs enabling parallel txn validation block production & delivers up to 10x higher tps for DOT parachain consensus protocol
LayerZero Sybil hunting begins on May 18th, 02:00 UTC. A successful hunt will give the hunter 10% of Sybil’s intending $L0 allocation
But atm it’s paused due to surge in hunt applications
Pyth is launching their ecosystem grants with 50 million PYTH ($22M). Majorly Community, Research, and Developer Grants.
zkSync hints airdrop by end of June
Humanity Protocol, zk decentralized identity project and WLD competitor raises $30M at $1B in a seed funding round led by Kingsway Capital.
Union partner with Stargaze to enable seamless interoperability between ETH NFTs and Cosmos eco, via decentralized zkIBC bridge. This means you can list NFTs on Stargaze on OpenSea, and vice versa.
Fantom is building a high-performance L1, Sonic that’ll have a native L2 bridge connected to ETH. There’ll be 1:1 migration of $FTM to S 0.00%↑
INTX will tge on May 23rd, 10 AM UTC. Has $2B+ volume, deployed on Base, Mantle and Blast. Has integrated USDe
State of the Market
Japanese Metaplanet release whitepaper on their Bitcoin corporate treasury strategy.
Biden blocks Chinese crypto mining operation within a mile to nuclear missile base Warren Air Force Base in Wyoming calls it national security risk
OKX officially launches crypto services in Australia
State of Wisconsin Investment Board buys $99M worth of BlackRock Spot Bitcoin ETF
Robinhood launches Sol staking in Europe
Trump will have a presidential debate with Biden next month
CME plans to offer spot BTC trading to clients
GameStop files to sell $45M worth of Shares
Ze end 🐍