Crypto 24 / 7 News

#196 #196 Polygon Zero unveiled, Aztec Connect live on testnet, Slingshot raises $15 million, Voltz Protocol raises $6mil and Dec 14, 2021

4 Comment

🧊 Ice Cold You may have missed it during the week but Ethereum went through another hard fork/network upgrade on December 9th that included just one EIP to push back the difficulty bomb to June 2022.Hopefully this will be the last time we need to push it back since it’s going away with The Merge – but we’ll see if we can get that shipped by June!

Quick shout out to Patrick McCorry who’s launching a free 8 week course on crypto with a special focus on layer 2’s – you can sign up here .

News of the Week 👍 Reddit is Bringing Its Tokenized Community Points to More Subreddits Social network Reddit is expanding its Community Points beta, allowing any subreddit to request the ability to create its own token.

On Wednesday, Reddit released a waitlist for subreddits that wish to do so and has provided more information about Community Points on its website .

Community Points can be handed out as rewards for users who are active in the community.They can be given out based on the number of upvotes a community member receives within that subreddit, whether that’s for a post they made or comment on somebody else’s post.

Each subreddit can have its own Community Points, with a custom name, token and symbol.They can have value too and can be sold for other cryptocurrencies (and then fiat money if so wished).

👀 FreeRossDAO Emerges Winner of Imprisoned Silk Road Founder’s NFT Auction A group called FreeRossDAO has won the auction for Silk Road founder Ross Ulbricht’s first non-fungible token (NFT) collection with a winning bid of 1,446 ETH (about $6.2 million).

Tweeting on Thursday, FreeRossDAO stated that it raised over 2,800 ETH ($12 million) from more than 1,300 supporters, spearheaded by the PleasrDAO community.

The NFT collection in question, dubbed “Genesis Collection,” is a collection of digital items including journals and art pieces created by imprisoned Silk Road founder Ross Ulbricht and showcased on the SuperRare platform.

Following its auction win, FreeRossDAO says it will fractionalize the NFT collection and distribute same on a pro-rata basis to all DAO participants.The distribution will be in the form of ROSS tokens.Meanwhile, the remaining funds held by the DAO will be held in a community-managed treasury.

Project Updates Ethereum Cat Herders Update #51 Updates on Ethereum roadmap, Arrow Glacier upgrade, Kintsugi (Merge testnet), EIP-4488, EIP-4444, EIP Insight, ECH Discord incident and other updates.

Polygon Acquires Mir Protocol The $400 million acquisition of Mir Protocol adds yet another ZK team to Polygon’s arsenal which has been renamed to Polygon Zero.

Polygon also released a new blog series called ‘ZKVerse’.

Aztec Connect Live on Testnet Aztec Connect is a private bridge for Ethereum DeFi which allows for up to 100x gas savings – it’s now live on testnet.

Euler Live on Mainnet Euler is an ambitious new primitive in DeFi custom-built to handle the risks associated with lending and borrowing illiquid or volatile assets.

Umbra Now Live on Polygon The stealth payments protocol, Umbra, is now live on the Polygon PoS chain – offering users cheap fees for privacy payments.

Coinbase and Compound Team Up Users can now earn interest on their DAI via Coinbase’s integration with Compound protocol.

mStable Emissions Controller Introduced The Emissions Controller will move MTA emissions from a manual weekly distribution method to be completely on-chain instead.

FLI Launches on Polygon The Flexible Leverage Index (FLI) from Index Coop has launched on Polygon alongside Set Protocol.

Index Coop also announced a $2.5 million raise led by Sequoia India, Blockchain Ventures and White Star Capital.

Arbitrum and Chainlink Partner Up Arbitrum will be using Chainlink’s FSS technology for minimizing MEV on Arbitrum One and decentralizing the sequencer.

Messari Governor Launched Governor is Messari’s free, first-to-market governance aggregator and voting platform for Ethereum.

LYRA Goes Live December 14th The LYRA token will launch natively on the Optimistic Ethereum network on December 14th.

Slingshot Raises $15 Million The Series A round was led by Ribbit Capital with participation from Electric Capital, Framework Ventures and others.

Moneyprinter.info Launched This new website from David Mihal tracks the token issuance of different blockchains and applications.

Squeeth’s Road to Mainnet Detailed Squeeth will go live on January 10th with the Crab strategy launching happening on January 24th and Squeeth will head to layer 2 in February/March.

Block Earner Exits Stealth Block Earner hopes to be a portal for people to interact with DeFi.

This week, they announced a $6.4 million raise with participation from Framework Ventures, Coinbase Ventures, DeFi Alliance and more.

Pods Live on Arbitrum The Pods options protocol is live on the Arbitrum One network with a few put options.

Voltz Protocol Raises $6 Million The seed round was led by Framework Ventures with particpation from Coinbase Ventures, Robot Ventures and more.

Mean Finance v2 Enters Beta The V2 is completely decentralized, permissionless, composable and supports layer 2 networks.

JellyFi Raises $4.4 Million The seed round had backing from Lemniscap, ParaFi Capital, Tioga Capital and others.

Argent X Introduced Argent X is the first wallet for StarkNet and is now available on the Google Chrome store (it’s a developer tool for now).

Primitive Introduced Primitive is an oracle-free solution to scalable and efficient on-chain derivatives, reflecting our belief that the future of decentralized finance should not depend on expensive (and often brittle) oracles.

Foundry Announced Foundry is a portable, fast and modular toolkit for Ethereum application development built by Georgios Konstantopoulos.

Polygon and Wanchain Team Up Polygon and Wanchain are launching a decentralized L2 to L2 cross-chain bridge that connects Arbitrum and Polygon’s PoS chain.

Inb0x Introduced Inb0x is an end-to-end encrypted communication between wallets, secured by your Ethereum address.

A service for anyone to send and receive messages to any wallet, using their ENS or 0x address.

Interesting Tweets Why zk rollups are going to be bigger than big

Projects that have launched on Optimistic Ethereum

Why we will end up in a multi-rollup world

An ELI5 on Tornado Cash

The Global Empire – The Daily Gwei

Rollup Wars – The Daily Gwei

Endgame – Vitalik Buterin

Fanciful Endgame – Vitalik Buterin

House of Summoners (Edition I) – Peter Pan

On the Importance of Light Nodes in Vitalik’s Endgame – Sacha via Status Blog

How Rollup Fees Work – Polynya

Is the $6B Locked in L2 Secure? – Bartek via L2Beat

Podcasts How Kevin Rose Invests in Web3 – Bankless

Misc Uniswap Usage on L1 Ethereum Mainnet side-by-side with L2 Optimistic Ethereum

zkRollups.xyz information site

Projects building on StarkNet

Check the value of any wallet’s NFT holdings

Meme of the Week Optimism Memes @OptimismMemes 🔴🤗 @optimismPBC 🤗🔴 December 8th 2021

8 Retweets 108 Likes.