1. StableCoin’s weekly summary

a. The euro stablecoin agEUR issued by the decentralized stablecoin protocol AngleLabs has supported the US dollar stablecoin MAI launched by Polygon’s native stablecoin protocol QiDAO as collateral, with an interest rate of 0.5%. link

b. On November 18, Emurgo, the development corporate entity of Cardano, plans to launch the U.S. -linked stablecoin USDA in the first quarter of 2023, which will be fully fiat backed and compliant with regulatory requirements. USDA will be rolled out on the Anzens platform, and users will be able to tokenize USD into USDA via credit/debit cards, wire transfers, or after transacting ADA into USD. link

c. On Nov. 17, U.S. Senator KirstenGillibrand expressed hope to introduce Stablecoin regulation bill in the coming weeks, requiring at least a hearing in the Senate Banking Committee and possibly a vote in Congress.

2. New proposal ATOM 2.0 has been rejected link

Background: ATOM2.0 white paper was finally released in late September, but the upgrade led to community’s arguements. First, the white paper states that more ATOM tokens will be minted for use in the Community Pool, but community members are concerned that this will have a negative impact on the price of ATOM tokens; Second, community members suggested that liquidity pledges should have a pledge cap to reduce the systemic risk of theft from the pledge pool; and third, the new proposal/white paper should unite the community, not divide it.

News: ATOM 2.0 proposal rejected on November 14 with more than 33.4% of votes cast without Veto (37.39 percent). The proposal pertains to modifications in the new white paper, such as allowing other chains to employ Hubs to protect the network and reducing the quantity of new atoms produced each month from exponential to constant after a 36-month transition period. As previously reported, Jae Kwon, the founder of Cosmos, objected to the portion of the ATOM 2.0 proposal that provides liquidity commitments for ATOM, pointing out that the existing ATOM 2.0 proposal also has the issue of minting enormous quantities of tokens into an insider-controlled Treasury.

3. Uniswap’s weekly summary

a. Permit2 and Universal Router are two new smart contracts. link

Uniswap Labs published two new smart contracts on November 18, including the token approval contract Permit2 and the integrated Universal Router. Permit2 can share and manage tokens across several smart contracts, whereas Universal Router can incorporate ERC20 and NFT swaps into a single router’s Universal Router.

b. Uniswap is offline once more because of Cloudflare routing issues.

On November 17, Uniswap was inaccessible for several hours. Its official Discord stated that there was a problem with Cloudflare routing and that the current version could be accessed over an IPFS link until the issue was resolved. In June, a Cloudflare system outage affected cryptocurrency exchanges such as FTX and OKX and websites including Etherscan browser, Discord, and Coingecko.

c. Uniswap’s NFT product may partnership with the Pudgy Penguins series NFT. link

Scott, the head of Uniswap’s NFT product division, hinted in a November 17 social media post that Uniswap may announce its collaboration with Pudgy Penguins NFTS.

4. Arbitrum’s weekly summary

a. Arbitrum One network node install new verifier nodes link

According to official reports, the Arbitrum One network deployed verifier nodes on November 17. ConsenSys, Ethereum Foundation, L2BEAT, Mycelium, Offchain Labs, P2P, Quicknode, Distributed Ledgers Research Centre (DLRC) at Institute for the Future (IFF), and Unit 410 represent the current verifiers.

b. Convex Finance is now available on Arbitrum link

Convex Finance, a centralised platform for CRV staking and liquidity mining, announced its launch at Arbitrum on November 18. Between addresses, LP tokens for Convex pools on Arbitrum can be transferred. Additionally, the CVX reward of the LP on Arbitrum will be allocated based on the voting proportion of the pool in the fortnightly vlCVX measure weight vote.

5. ENS’s weekly summary

a. ENS number of independent addresses exceed 600,000 link

According to Dune Analytics, the total number of independent addresses participating in Ethereum’s domain name service ENS surpassed 600,000 on November 19, with 603,610 addresses as of this writing.

b. ENS Redirect declared the ENS redirection functionality link

On November 17, ENS Redirect announced on Twitter the introduction of ENS redirection, which permits users to redirect ENS domain names to any website.

c. ENS Equinox NFT opens for registration on November 17th. link

ENS, an Ethereum domain name service, announced the beginning of registration for ENS Equinox NFTS (Winter Elves) in conjunction with NFT tool platform Galaxia on November 16.

6. An urgent Executive Proposal has been enabled on the Maker Governance portal. link

To go through the market, the new proposal will executive the following parameter changes to MATIC-A, LINK-A, YFI-A, renBTC-A, and MANA-A vault types. For MATIC-A Changes: Reduce the MATIC-A Maximum Debt Ceiling (line) by 10 million DAI from 20 million DAI to 10 million DAI. For LINK-A Changes: Reduce the LINK-A Maximum Debt Ceiling (line) by 20 million DAI from 25 million DAI to 5 million DAI. For YFI-A Changes, reduce the YFI-A Maximum Debt Ceiling (line) by 7 million DAI from 10 million DAI to 3 million DAI. For renBTC-A Change, reduce the renBTC-A Maximum Debt Ceiling (line) by 10 million DAI from 10 million DAI to 0.

7. SUI’s weekly summary

a. Public chain Sui Network has launched its testnet link

On November 18, Sui announced the opening of the testnet Wave1. The team says the testnet will focus on operators, specifically verifiers and participants who operate full nodes. Unlike Devnet, in the Testnet, incident management will be community-driven rather than Mysten Labs, which will enable community members to provide more input and take greater responsibility for Sui.

b. Sui co-founder: Sui has support Groth16 zkSNARK algorithm college link

On November 19, Sui Network co-founder Kostas Kryptos tweet, Sui welcome zero knowledge proof, users can now its trading transaction additional Groth16 ZKP proof. Groth16 is a typical algorithm of zkSNARK, which has been applied in ZCash, Filecoin, Coda and other projects.

8. Cardano is developing new blockchains for privacy link

On November 18, IOG, the startup behind Cardano, will launch Midnight, a blockchain focused on privacy, and dust, a token. Built on zero-knowledge proof-of-use technology, Midnight is one of many side chains currently deployed around Cardano and will surpass previous privacy coin projects by offering zero-knowledge proof-of-use smart contracts, said IOG CEO Charles Hoskinson at an event held at the University of Edinburgh in Scotland on Friday. The network would attempt to safeguard users’ privacy while granting access to regulators and auditors.

9. Vitalik donates $20,000,000 to the Dogecoin Foundation.

According to the chain, Ethereum co-founder Vitalik Buterin made another donation to the Dogecoin Foundation on November 14, this time totaling 20 million DOGE, or approximately $1.7 million at $0.085. In May, Vitalik Buterin already gave 500 ETH to the Dogecoin Foundation.

10. NFT’s weekly summary

a. Yuga Labs will donate CryptoPunk # 305 to the ICA Miami link

On November 15. Yuga Labs will donate CryptoPunk # 305 to the Miami Institute of Contemporary Art (ICA Miami) as part of a new project. The objective is to place iconic NFTS pieces from their collections in museums and galleries worldwide.

b. APECoin DAO: The Meebits community will get 13,000 APECoin donations.

The APECoin DAO stated on November 14 that it would distribute 13,000 APECoin grants in the form of minor incentives to the Meebits community to aid in the development of the app. According to reports, this contribution would be dispersed in three batches.

c. NFTSTAR and inner omar NFT formed a strategic partnership link

On November 15. The Sandbox announced that it has formed a strategic alliance with NFTSTAR and the Beastmode Metaverse Neymar Jr. NFT project in order to launch its metaverse Global Sports Village during the World Cup. It is a web3 sports-social project that was created in collaboration with Animoca subsidiary Forj and licenced for Bored Ape Yacht Club characters.

d. Ronaldo’s first NFTS collection in cooperation with Binance will be released

On Friday, November 18, the first NFT collection designed by soccer superstar Cristiano Ronaldo in conjunction with Binance will be on sale. Each NFT statue represents a historic moment in Ronaldo’s life. There are seven animated statues with four rarity levels.

e. Adidas is awarding “Into The Metaverse” NFT holders in-kind benefits.

On Nov. 14, The official social media account for adidas Football stated that the business would provide neon green jerseys and G-Money beanies to “Into The Metaverse” NFT holders within weeks.

f. Nike unveiled the Web3 platform Dot Swoosh link

On November 4. Nike. Dot Swoosh will house Nike Virtual Creative, a platform where users can purchase, exhibit, and exchange virtual assets, as well as gain access to events and items.

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