Weekly project updates: Bitcoin Punks have been fully minted, MakerDAO community proposes launch of Spark Protocol…
1. ETH’s weekly summary a. ENS DAO to sell 10,000 ETH to cover operating expenses link ENS DAO’s proposal to “sell 10,000 ETH to cover operating expenses for the next two years” has been approved. It has exchanged 10,000 ETH for 16,226,542.5 USC through CoWSwap at around 17:00 on Feb 9. ENS DAO previously held 40,746 ETH and 2.46 million USDC. b. Ethereum testnet processes first ETH staking withdrawals link “On the Zhejiang testnet, partial and full withdrawals as well as BLS changes are included in the execution payload,” Barnabas Busa, a DevOps engineer at the Ethereum Foundation, told CoinDesk. “We have a successful fork.” c. Ethereum’s weekly median price of Gas reached 28.15 gwei link On Feb 8, the number of non-zero addresses on the Ethereum chain exceeded 94 million, and the total number of ETH 2.0 staked addresses exceeded 527,000, both hitting record highs. Ethereum’s weekly median price of Gas reached 28.15 gwei, which is the highest point in the past half a year. d. JPMorgan says Ethereum’s Shanghai upgrade to raise staking ratio link Ethereum’s Shanghai upgrade, scheduled for mid-March, will raise the blockchain’s staking ratio in the medium term, JPMorgan (JPM) said in a research report Wednesday. There is plenty of room for the 14% ratio to rise, the bank said, given that the average for other proof-of-stake (PoS) networks is about four times as high. e. Shanghai+Capella (aka Shapella) is on the horizon link Ethereum Foundation: The Shanghai+Capella (Shapella) mainnet upgrade is moving into the final pre-launch sequence — public testnets. The Zhejiang testnet is live. The first of the long-standing public testnets — Sepolia — is scheduled to go through the upgrade on February 28th. Shapella contains many features. Full withdrawals will be available for exited validators, whereas partial withdrawals will be available for active validator balances in excess of 32 ETH. f. Shanghai upgrade may be slightly delayed until late March/early April link In response to rumors that the Shanghai upgrade may be delayed until Q2, Tim Beiko of the Ethereum Foundation said that the date always depends on the progress of the testnet fork, and assuming all goes well, there may be another testnet around mid-March, followed by the mainnet for the Shanghai upgrade in late March / early April. 2. Lido’s weekly summary a. Lido made a proposal for V2 link Lido made a proposal for V2, including Staking Router, anyone can develop on-ramps for new Node Operators; Withdrawals, allow stETH holders to withdraw from Lido at a 1:1 ratio. b. Lido DAO to distribute LDO rewards across the Ethereum, Arbitrum and Optimism v3 Liquidity Pools link The Aave community adopted a proposal, which is to enable Lido to distribute LDO rewards across the Aave v3 Ethereum, Arbitrum and Optimism Liquidity Pools. The Lido Liquidity Mining Committee (LMC) determines the emission rate and duration at which LDO rewards are offered. 3. Aave’s weekly summary a. Aave CEO Stani Kulechov: This upgrade is all about managing risk link The project’s founder and CEO Stani Kulechov says this upgrade is all about managing risk. New features like Isolation Mode, for example, will let the protocol safely onboard what Kulechov calls long-tail assets without putting the entire protocol at risk. The latest upgrade is also introducing a new portal feature that will let users move assets across different markets on different blockchains. b. Aave has deployed its native stablecoin, GHO, on Ethereum’s Goerli testnet link Aave has deployed its native stablecoin, GHO, on Ethereum’s Goerli testnet, where developers and potential adopters can access the stablecoin’s codebase and test how it works. GHO’s mainnet launch requires community discussion and approval. 4. Maker’s weekly summary a. Phoenix Labs launched Spark Lend in the MakerDAO proposal link Phoenix Labs launched Spark Lend in the MakerDAO proposal, which will allow anyone to borrow DAI at the Dai Savings Rate, combined with features such as cross-margin, short positions, high leverage, and many more. b. MakerDAO integrates Chainlink oracle to help maintain DAI stability link MakerDAO integrated Chainlink’s decentralized oracle into the framework that helps to maintain the stability of its DAI stablecoin, after a successful governance vote. MakerDAO’s Keeper Network is a network of bots that controls parameters like price and debt ceiling to ensure that DAI maintains its parity with the U.S. dollar. 5. Layer 2’s weekly summary a. Starknet joins Chainlink Labs in partnership link StarkWare announced a new partnership between StarkWare and Chainlink Labs aimed at extending application development and smart contract capabilities on StarkNet. Starknet will be officially joining the Chainlink SCALE program. There will be Chainlink Price Feeds available on Starknet testnet, and soon on Starknet mainnet. b. Pocket is now integrated with Arbitrum One link Pocket Network now supports Arbitrum One, bringing decentralized RPC infrastructure to the Arbitrum ecosystem. Currently Pocket Network already supports Gnosis Chain, Polygon, BNB Chain, Optimism, FUSE, Boba, OEC, Metis, StarkNet and other networks. c. Optimism announced Airdrop #2 link Optimism is announcing Airdrop #2: 11.7m OP distributed to over 300k unique addresses to reward positive-sum governance participation and power users of Optimism Mainnet. A snapshot was taken on Jan 20, 2023 at 0:00 UTC to determine eligibility. The number of airdrop addresses was 307,965, with an average of 35.13 OP an address, but a median of 5.16 OP. 6. Official tweets from DeFi projects say they will conduct “one-to-one” experiment link The official Twitter accounts of several mainstream DeFi projects stated that they will conduct “one-to-one” experiment in social coordination, including dYdX and AAVE, MakerDao and Element, Opyn and StakeDAO, Lido and Bebop, 1inch and KyberSwap, SushiSwap and Aura Finance, etc. 7. Stargate DAO voting governance activity has spiked in the last 30 days link On February 7, according to Flipside Governance data, Stargate DAO has seen a surge in voting governance activity over the past 30 days, with 112,000 voters participating, ranking it as the top DAO governance. Stargate DAO’s most notable vote in the last month has been the proposal to reissue new Stargate (STG) Tokens and airdrop them to existing holders. 8. Polkadot’s top project Acala announced the mainnet launch of the Acala EVM+ link Polkadot’s top project Acala announced the mainnet launch of the Acala EVM+, bringing DApp developers the opportunity to launch Ethereum-compatible DApps on Acala’s DeFi appchain and Polkadot’s leading liquidity hub. 9. Sui’s weekly summary a. Mysten Labs announced a partnership with Tencent Cloud link Mysten Labs, the development team of the Move language project Sui, announced a partnership with China’s largest game company Tencent’s cloud service. The two parties will develop the Sui ecosystem through collaboration in the fields of GameFi, payment and cloud services. b. The Sui Foundation announced the Builder Hero Award link The Sui Foundation announced the Builder Hero Award, which recognizes the efforts of early adopters on the Sui network who help advance the ecosystem and community. It is expected to announce winners of the Builder Hero Award on February 17, 2023. 10. NFT’s weekly summary a. 9GAG spent 796.87 ETH to purchase 8 BAYC link Meme Factory” 9GAG (memeland.eth) spent 796.87 ETH on Feb 6 to purchase 8 BAYC (9299, 128, 2059, 2929, 4024, 4673, 8293, 9286), the common feature is that they have hats. Currently this address holds NFTs worth more than 5900 ETH (about $9.6 million). b. NFT exchange X2Y2 launched aggregator X2Y2 pro link On February 7, NFT exchange X2Y2 launched aggregator X2Y2 pro, which is currently available only to holders of the Ajin NFT collection released by X2Y2. The floor price of this NFT collection increased from 0.8 ETH to 1.3 ETH in 24 hours. c. Reddit announced Super Bowl-themed NFTs link Reddit is in collaboration with the National Football League (NFL) and announced Super Bowl-themed NFTs for the two finalists competing for the trophy. It has minted 500 thousand limited-edition Super Bowl LVII Collectible Avatars, which went live on February 6. d. OpenSea Polygon NFT single-day trading volume increases dramatically link On February 8, the single-day transaction volume of NFT on the OpenSea Polygon increased to $11.4 million, hitting a record high, mainly due to the Super Bowl NFT avatar minted by Reddit in cooperation with the NFL, which has minted more than 1 million. e. Bitcoin Punks have been fully minted link Bitcoin Punks, the first NFT to upload the bytes of Ethereum CryptoPunks onto the Bitcoin chain using Ordinals have been fully minted. Investors conduct OTC transactions through the community, and the floor price was about 0.4–0.8 ETH on Feb 9. f. BlueMove has an IFO fund pool size of more than $72 million on PancakeSwap link BlueMove, an NFT market on the Aptos and Sui blockchains, has an IFO fund pool size of more than $72 million on PancakeSwap. Its initial IFO target was only $400,000, and the IFO amount even exceeded Aptos TVL. According to the mechanism of IFO’s Overflow Sale Method, only 400,000 worth of tokens are used for sale, which will be distributed according to the proportion of the invested funds, and funds exceeding 400,000 US dollars will be returned. g. Yuga Labs donated CryptoPunk #110 to the Centre Pompidou in Paris link CryptoPunk #110 is the second Punks Legacy Project donation from Yuga Labs. CryptoPunk #305 was donated to the Institute of Contemporary Art, Miami at Art Basel 2022. Follow us Wu Blockchain is free today. But if you enjoyed this post, you can tell Wu Blockchain that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. |
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