Author：Mingyao

Editor：Colin Wu

1. StarkWare announced the Cairo 1.0，supporting StarkNet link

On 12th September, Starkware announced that Cairo 1.0 is the first major release following the introduction of Cairo two years ago. Cairo 1.0 will give developers a safer, simpler, more usable programming language. And at the heart of Cairo 1.0 will be Sierra, an intermediary representation layer that promises greater long term stability for Cairo programs.

2. Near’s Weekly Summary

2.1 Near Protocol Forms Working Group to Promote DeFi Governance

On September 12, The Near Digital Collective(NDC) is a self-governance initiative aimed at further decentralizing the Near ecosystem’s decision-making by moving it to a blockchain. link

2.2 Tether：USDT is deployed on NEAR

On September 12, Tether officially announced that USDT was deployed on NEAR. To date, USDT has been deployed in Algorand, Avalanche, SLP, Ethereum, EOS, Kusama, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. link

2.3 The NEAR Foundation, a Swiss charity that promotes the administration and development of the NEAR Protocol, announced the opening of a $100 million Venture capital fund and Venture Lab in collaboration with Caerus Ventures on September 12.

2.4 On September 12, NEAR announced that the first phase of sharding upgrading has begun, with intentions to create “block-only validators” that are easier to set up than full nodes, with the goal of significantly lowering the entrance barrier for NEAR validators and thereby increasing decentralisation. According to the analysis, this might add more than 200 verification nodes to NEAR, bringing the total number to well than 300.

3. Lido completed $24 million financing, and ranked first among Ethereum staking nodes

On September 14th, it was formally revealed that Lido, a liquidity staking protocol, has completed a $24 million financing round. And Dragonfly purchased 10 million $LDOs from the Lido Dao Vault in two transactions. link

Allen Ding, founder partner of Nothing Research, tweeted on September 17 that Lido has 30.44% market share, Coinbase has 12.72%, Kraken has 8.59% of the Ethereum pledge node distribution, Binance has 5.22%, and the total of the four is more than 56.9%. link

4. Coinbase Cloud started MATIC staking on Polygon link

On September 14, Coinbase Cloud launched $MATIC Staking on Polygon. Users can stake $MATIC by connecting their self-hosted wallet to Coinbase Cloud’s Polygon wallet, for which Coinbase Cloud will charge an 8% service fee. The user’s minimum commitment amount is 1 MATIC. Furthermore, users must personally claim the staking reward with a minimum of 2 MATIC.

5. Compound Treasury Launches Borrowing for Institutions link

On 14th September, to meet the growing demand for liquidity, institutions can now borrow from Compound Treasury, using digital assets as collateral. Accredited institutions can borrow USD or USDC with fixed rates starting at 6% APR, using Bitcoin, Ether, and supported ERC-20 assets as collateral. Borrowing is offered with an open-ended term and no repayment schedule, providing our clients the flexibility to draw liquidity and repay balances as they see fit–for as long as they remain overcollateralized.

6. Uniswap new proposal：Deploy UniswapV3 on Aurora link

On 13th September, new proposal is created, proposing to deploy Uniswap v3 on Aurora through an additional grant license. Uniswap will expand access to decentralized and permissionless trading of tokens on Aurora, and aligns with the community’s multichain vision to bring trustless liquidity to all chains and position itself as a de facto DeFi hub in the space. This proposal will include a $5m amount allocated for financial incentives to Uniswap users on Aurora and a commitment to actively engage with the Uniswap community to further support its growth through grant programs and funding for protocol-related development.

7. X2Y2 NFT Market’s trading volume surpassed Opensea in last 30days link

News: September 12, 2022 (Investorideas.com Newswire) According to an analysis by Cryptomonday.de, X2Y2 has processed $560M in volume in the past 30 days, while Opensea lags behind at $448.97M.

Comment: The NFT trading platform wars have never stopped, and X2Y2 has been a strong competitor to OpenSea, previously giving away free X2Y2 tokens to users in its NFT marketplace. But Opeasea currently has 263K subscribers and X2Y2 has 19K subscribers, according to Smart Liquidity’s data.

8. FloorDAO, a decentralised NFT market maker, plans to incorporate gauge voting into V2. link

FloorDAO, a decentralised NFT market maker, revealed on social media on September 17 that it is incorporating Gauge Voting into FloorDAO V2. FloorDAO said the new voting system offers the winner 50% of the entire proceeds from the vault, further improving liquidity. The company is currently employing Collections Addition voting devices, which let gFLOOR holders to vote on governance issues.

9. Doodles raised $54m and on the same day, its trading volume increased by more than 1,500% link

News: On September 13, Doodles, an NFT project, launched a $54 million equity fundraising round including Reddit co-founder Alexis Ohanian’s fund 776, Acrew Capital, FTX Ventures, and 10T Holdings, among others. On the same day, OpenSea statistics revealed that the transaction volume of Doodles in the last 24 hours was 831 ETH, representing a 1544% rise. The recent 24-hour volume rated second in OpenSea.

Comment: Community evaluation difference is larger, some users think it is good, some users think it is just to stabilize the floor price.

10. Starbucks Odyssey, a Web3 platform, is ready to launch link

On 12th September, Starbucks announced the launch of their Web3 platform, Starbucks Odyssey, powered by Polygon. Starbucks Odyssey, which integrates the company’s loyalty programme, Starbucks Rewards, with the NFT platform, allows users to earn and acquire digital assets such as “stars” that can be redeemed for rewards such as free drinks.

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