DeFi aggregator 1inch Network announced a major upgrade — Fusion — around its 1inch Swap Engine. The Fusion upgrade aims to deliver cost-efficient, secure and profitable swaps for crypto investors. The Fusion mode in 1inch Swap Engine allows DeFi investors to place orders with a predecided price and time range without paying network fees. In addition, the upgrade includes network improvements such as updated staking contracts and tokenomics.
2. The NEAR project Octopus Network announced layoffs of roughly 40% link
The NEAR project Octopus Network announced layoffs of roughly 40% of the members (12 of 30). The remaining team members will accept a 20% salary cut, and the team token incentive will be suspended indefinitely.
3. ETH’s weekly summary
a. Aave to release GHO public testnet and deploy Aave V3 on Ethereum link
Aave founder Stani Kulechov tweeted that GHO internal testnet is ghoing well. Aave will release a public testnet beginning of January including V3 Aave market for Ethereum.
b. Ethereum Foundation released a summary and outlook article link
Ethereum Foundation released a summary and outlook article, 2023 will focus on the withdrawal function (enable stakers to withdraw their balances from the beacon chain to their execution layer accounts) and EIP-4844 (proto-danksharding；implementation of sharding).
c. The state-of-the-art DCA protocol Mean Finance is now available on Ethereum link
Mean Finance, a dollar-cost averaging (DCA)-based fixed investment tool, goes live on Ethereum, allowing users to choose a fixed time to buy assets on Ethereum and earn yield on
Euler Finance.
d. A new version of ERC4337 has been released link
yoav.eth, co-author of ERC4337, tweeted today that a new version of ERC4337 has been released, which relaxes the storage rules during validation to enable access to token balances and storage access to account-related information in third-party contracts, etc. Also, in order to achieve robustness and censorship resistance, there must be a unified mempool in the network, so the team added two new modules to implement this functionality.
4. Solana’s weekly summary
a. Deribit, the largest options exchange, announced that it will stop offering Solana INVERSE products link
Deribit, the largest options exchange, announced that it will stop offering Solana INVERSE products. After the upcoming 30 December 2022 expiry, Deribit will not list new Solana inverse options or futures. Deribit launched Solana futures and options in the Q2 of this year.
b. Solana’s NFT project DeGods to bridge to Ethereum; y00ts to bridge to Polygon link
Solana’s most important NFT project, DeGods, announced that it will bridge to Ethereum in the first quarter of 2023; y00ts announced that it will bridge to Polygon in the first quarter of 2023.
c. DeGods team denied the rumor that it asked the Solana Foundation for $5 million link
CoinDesk reported that the DeGods team asked the Solana Foundation for $5 million to stay on Solana. CoinDesk later corrected the report, stating that the claim was only a rumor, and the DeGods team also denied the rumor.
d. Krystal DeFi now officially supports DeFi services on Solana link
DeFi platform Krystal tweeted that it now now officially supports DeFi services on Solana, allowing users to manage portfolios, send and receive assets and swaps on Solana via the integrated protocol Jupiter Aggregator. In addition, SmartSwap and other integrated DEXs will be coming soon.
e. Solana’s DeFi project Mercurial will be renamed Meteora and reset the existing tokenomics link
Solana’s DeFi project Mercurial announced to be renamed Meteora and reset the existing tokenomics, launching a new token MET with the launch of the Meteora Platform. There will be 100M Meteora tokens. 20% (20M) will be circulating initially and distributed to MER stakeholders as per the calculations below. There will be no increase in circulating supply or emissions until the DAO approves.
f. Matrixport to delist SOL and SOL-U dual-currency investment products link
Matrixport, the asset management platform founded by Jihan Wu, announced that it will delist SOL and SOL-U dual-currency investment products on December 30, and will not launch new Solana products in the future.
g. Vitalik: I hope the Solana community gets its fair chance to thrive link
Vitalik tweeted, “Some smart people tell me there is an earnest smart developer community in Solana, and now that the awful opportunistic money people have been washed out, the chain has a bright future. Hard for me to tell from outside, but I hope the community gets its fair chance to thrive.”
5. Fantom’s weekly summary
a. Andre Cronje reiterates Fantom’s goals and priorities for 2023 link
Andre Cronje has released a letter to Fantom Foundation team re-affirming its goals and priorities for 2023. The planned core foci are Gas monetization, Gas subsidies, Account abstraction, Economic abstraction for gas fees, New Middleware (Fantom Virtual Machine, new storage mechanism), Performance Engineering, and Documentation & Training.
b. The Fantom Foundation begins to repurchase project tokens that help the ecosystem link
The Fantom Foundation has recently begun to use foundation funds to repurchase project tokens that help the Fantom ecosystem. At present, about 850,000 FTMs have been used to purchase six types of tokens: BOO, BEETS, GEIST, MMY, EQUAL, and BRUSH.
6. Waves’ weekly summary
a. Waves founder Sasha Ivanov announces plans for Waves 2.0 in 2023 link
Waves founder Sasha Ivanov announces plans for Waves 2.0 in 2023, including Multi-chain EVM L2 connecting to different L1’s, Power DAO platform, DeFi models SafeFi, adaptive DAO-governance based stable coins, etc. USDN fell from $0.485 to $0.46 after the tweet, a 24-hour drop of 5.8%.
b. The Waves Eco Neutrino community has voted to “transform USDN into a multi-collateral asset” and “enable USDN arbitrage” link
The Waves Eco Neutrino community has voted to “transform USDN into a multi-collateral asset” and “enable USDN arbitrage”. The proposal would make USDN a multi-collateralized token with soft pegs, supported not only by WAVES but also by other Waves ecosystem tokens such as WX, VIRES, SWOP, EGG and WEST.
7. NFT’s weekly summary
a. Coinbase says it will serve as the bridge to web3 by supercharging key building blocks link
Coinbase says it will serve as the bridge to web3 by supercharging key building blocks for web3 including the self-custody wallet, NFTs, developer tools, and tech advancements such as MPC, enabling simple participation in web3 through NFTs. Coinbase Wallet users can buy, sell and manage your NFT collections and dapps on Ethereum, Polygon Solana and Gnosis Chain.
b. Manchester United accused of copying work of NFT artist DesLucrece link
An official NFT collection from the Manchester United Football Club has been accused of looking a little too much like the work of a popular NFT artist known for his colorful animated monsters. Both collections were minted on the Tezos blockchain. DesLucrece said that he, Tezos and Manchester United are in talks about resolving the issue.
c. NFT project Pudgy Penguins has been gaining traction recently link
NFT project Pudgy Penguins has a transaction volume of more than 1,500 ETH in the past 7d, an increase of 597%; the floor price once exceeded 7.3 ETH, an increase of 44%. 44% of Penguins have been held for more than a year; 4,892 NFTs are held by diamond holders and never sold.
d. Blur will enforce a minimum royalty on immutable collections link
Blur will enforce minimum royalties for new listings on immutable collections starting Monday, January 2 at 3pm EST. Blur will start by enforcing a minimum royalty of 0.5% on immutable collections, and will increase the minimum over time as it observes the effects of each increase (0.5% to start, then 1%, 1.5%, 2%, etc).
e. Blur says it will launch its token at the end of January link
BLUR will launch towards the end of January. Blur will announce more details and the exact date soon with at least two weeks notice. Airdrop 3 will continue until token launch.
8. Polygon’s weekly summary
a. The Polygon ecological index token PECO launched by Amun has dropped -100% link
Peck Shield Alert: PECO has dropped -100%. Its social media account has already deleted.
b. Metaverse platform Orbcity to migrate to Polygon in Q1 2023 link
The metaverse platform Orbcity will officially migrate to the Polygon network in the first quarter of 2023, and users will be able to purchase their second home while artists and community members can build their own metaverse while receiving rewards.
c. Polygon Studios CEO：Polygon to engage deeply in PFP and the arts in 2023 link
Ryan Wyatt, CEO of Polygon Studios, said, “2022 we expanded marketplace and wallet integrations with partnerships across Opensea, MagicEden, Coinbase, Robinhood, Phantom, and more. We then focused on establishing big brands in web3. Then we went big into Gaming, DeFi, & Music. 2023 we’ll go big into PFP & art.”
9. Sushi releases tokenomics redesign link
Sushi released a new token economics design: LPs receive fee share from the 0.05% swap fee; the 0.05% swap fee to buy back Sushi and burn; use a portion of the 0.05% swap fee to lock liquidity for price support.
10. Arbitrum’s weekly summary
a. Trader Joe is now live on Arbitrum One link
Trader Joe is officially live on Arbitrum, bringing the concentrated liquidity AMM ‘Liquidity Book’ to the Arbitrum One Ecosystem.
b. Gamma Strategies officially launches on Arbitrum link
Gamma, the active liquidity management and market making on Uniswap v3, is now live on Arbitrum. Gamma will release new liquidity management and market-making strategies, as well as a range of structured LP products for different risk tolerances.
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