1inch Network – a protocol that unites decentralized projects – launched a spot price aggregator to extract data for assets traded on DEXs on the blockchain. The tool provides a liquidity-weighted average of token spot prices. To avoid issues within transactions, 1inch recommended using it off-chain. 1inch’s Newest Instrument In a recent document seen by...Read More
Helsinki-based Sulake is set to leverage Ethereum’s layer 2 scaling solution – Immutable X. The main objective behind the move is to foster the NFT experience for its online community of over 500,000 monthly active Habbo users across the world. Web 3 And Carbon Neutral NFT Experience According to the press release shared with CryptoPotato,...Read More
Open source and decentralized protocol ssv.network has received $10 million in funding from its DAO partners to ramp up the decentralized staking infrastructure for Ethereum 2.0 ahead of the upcoming Merge. ssv.network Receives $10M ssv.network said in a press release that it received the funds through its DAO Partner Program, an initiative the project launched...Read More
The 1inch Network launched a new investment tool called 1inch Earn, in hopes of incentivizing liquidity providers. The protocol asserted in a press release shared with CryptoPotato that the new feature will provide more efficient use of capital compared to AMM pools. How Does 1inch Earn Liquidity Pool Work? A set of liquidity pools optimized...Read More
Following its successful launch on the Polkadot Mainnet this week, Acala, an Ethereum-compatible DeFi protocol for scaling dApps, has revealed what lies ahead for the project. Acala’s Core Products Coming Soon The Acala team noted in an official press release seen by CryptoPotato that it intends to begin launching all of its core products soon....Read More
Continuing with its push for “the best deals across the blockchain space,” the 1inch Network has announced the deployment of its latest aggregation and limit-order protocols on Avalanche and Gnosis Chain. Conquest of the DeFi The DEX aggregator termed the new partnerships a continuation of its conquest of the DeFi space. In a press release...Read More
The decentralized finance protocol OlympusDAO collaborated with Balancer to set up OHM as a liquid asset within the latter’s network. CopperLaunch and PrimeDAO will facilitate the front end of the Liquidity Bootstrapping Pools (LBPs) by adding OHM as a collateral token. The Specifics of The Project According to a document seen by CryptoPotato, the decentralized...Read More
Quantum-resistant Layer 1 hybrid blockchain platform, QANplatform, has announced the launch of its public TestNet, making it the first Ethereum compatible quantum-resistant blockchain platform. World’s First Quantum-Resistant Blockchain According to a press release shared with CryptoPotato, users can now add the QAN TestNet to MetaMask and transact with testnet tokens due to the network’s compatibility...Read More
Itheum, a metaverse project based on the Elrond network, recently secured $1.5 million in funding from a single investor – Morningstar Ventures. This seed round would enable the project to pursue its roadmap. According to a press release shared with CryptoPotato, the funding round is part of a $15 million initiative from Morningstar, which launched...Read More
Animoca Brands subsidiary, Lympo, an NFT platform that specializes in the minting of sports-related collectibles, has lost $18 million to a hack of several of its hot wallets. According to a Medium post that announced the breach of security, the team stated that it lost 165.2 million LMT tokens after a hacker gained access to...Read More
According to a Friday PR, Gaming platform Overwolf is making an investment in SYN CITY, a blockchain-based Mafia Metaverse gaming platform, which is formally opening on January 8. With over 95,000 creators, Overwolf is a significant player in user-generated gaming content. SYN CITY is a brand new platform built on blockchain and intends to offer...Read More
Mintverse, an NFT aggregator and marketplace consisting of several peer-to-peer features, outlined a new version of its digital collection tracking solution. The project promised to enhance the global adoption of non-fungible tokens through some of the platform upgrades. Mintverse’s Community Driven Metadata Version The statement shared with CryptoPotato reads that the “revamped” version of Mintverse’s...Read More
In an announcement on Dec. 22, Uniswap Labs reported that it had launched the DEX on the Polygon network. Polygon co-founder Mihailo Bjelic submitted a proposal to Uniswap governance in November to deploy Uniswap v3 on Polygon, and it was voted in last week. It had overwhelming support, with more than 72 million UNI tokens...Read More
The funding round will help SPACE Metaverse to develop an economic backbone of Metaverse. Metaverse is the word for 2021. As the concept slowly moves closer to reality, high-profile establishments are betting big on it. Capital is flowing at a rapid pace. In the latest development, SPACE, a metaverse dedicated to arts and commerce, has...Read More
MetaMask is one of the most popular non-custodial wallet applications with millions of active users. Now, it also teases that in-app non-fungible tokens will also come to life soon. CryptoPotato reported earlier in November that the popular non-custodial wallet MetaMask has reached a whopping userbase upwards of 21 million. MetaMask is in the middle of...Read More
Tezos-powered play-to-earn NFT game, DOGAMÍ, has recently raised $6 million from several notable investors, including Ubisoft and Animoca Brands. Building the Petaverse on Tezos In a press release shared with CryptoPotato on Tuesday, DOGAMÍ noted that the funding will help it further the development of decentralized pet ownership 3.0. DOGAMÍ offers a unique blend of...Read More
The self-described compounding yield optimizer – Grim Finance – has reported being hacked in a reentrancy exploit with the attacker swiping up to $30 million worth of Fantom tokens. The DeFi protocol took it to Twitter on Sunday to inform its users about the hack. The team described it as an “advanced attack,” in which...Read More
Uniswap Labs – the developers behind Uniswap, the largest exchange in DeFi – released a series of important features to enhance pricing as well as optimize the gas cost of swaps. What Does the Update Have in Store? Uniswap Labs have now released an updated Auto Router that enhances trade prices to a greater extent...Read More
Polkadot has announced the launch of the first parachains, a set of individual blockchains that will run in parallel within its ecosystem, the project noted in a press release shared with CryptoPotato on Saturday. Polkadot’s First Batch of Parachains According to the official announcement, slots for the first parachains are allocated to different blockchain projects...Read More
The popular decentralized exchange 1inch announced that the second version of its limit order protocol is now live. One of the most prominent features that the project outlined is allowing users to gaslessly place limit orders to swap into ETH dozens of tokens that support permits. 1inch V2 Limit Order Protocol Goes Live The project...Read More
Automated portfolio manager and liquidity provider Balancer Labs announced the official launch of Boosted Pools in collaboration with the leading DeFi lending protocol, Aave. Boosted Pools to Increase LP Yields In a press release shared with CryptoPotato, Balancer noted that the new product is geared toward solving the issue of decreased capital efficiency with yields...Read More
Institutional-grade lending protocol for decentralized finance (DeFi), Parallel Finance, has won the fourth Polkadot parachain auction. Over $300 Million Contributed The press release shared with CryptoPotato informed that the protocol saw support from over 30,000 contributors who provided a total of 10.75 million DOT, worth a whopping $306 million, during the auction. According to the...Read More
The CVI platform, the first decentralized Crypto Volatility Index for the digital asset market, has recently announced the addition of two new volatility tokens to its growing list of products. CVI Launches ETHVOL and CVOL In a Tuesday press release seen by CryptoPotato, the firm noted that the new volatility tokens – ETHVOL and CVOL...Read More
MonkeyBall, a decentralized play-to-earn gaming platform built on Solana, announced today that it had raised funds from several high-profile investors in a recently completed funding round. MonkeyBall Receives Fresh Capital In an official press release shared with CryptoPotato on Monday, MonkeyBall noted that it has managed to increase its list of backers, indicating that it...Read More
Leading South Korean blockchain company Hashed has announced that it has raised a $200 million investment fund. Hashed Venture Fund II Per a press release shared with CryptoPotato, the $200 million fund dubbed Hashed Venture Fund II will be geared toward the growth and development of Web3, the decentralized internet. The new fund, according to...Read More
The popular decentralized exchange 1inch Network has raised $175 million in a Series B funding round. Some of the notable names that participated in the event include VanEck, Alameda Research, Gemini Frontier Fund, and Tribe Capital. 1inch Secures $175 Million The press release seen by CryptoPotato reads that aside from the aforementioned names taking part...Read More
Bancor Protocol, a decentralized staking platform that allows investors to earn with single-token exposure and full protection from impermanent loss, has released snippets of its highly-anticipated third version. In an official press release shared with CryptoPotato, the project noted that the new version, dubbed “Bancor 3,” will introduce several new features geared toward increasing trading...Read More
Blockchain monitoring and workflow automation platform PARSIQ has recently completed the integration of the Polygon network into its ecosystem. PARSIQ Integrates Polygon According to a Monday press release shared with CryptoPotato, investors, traders, and development teams can now access several Polygon blockchain data in real-time via the PARSIQ platform, acquire immediate feedback, and explore various...Read More
The Federal Byzantine Agreement-based (FBA) network, Flare, recently partnered with Rival to become its preferred NFT, Utility, and DAO token platform for Rival’s NFT marketplace. Flare and Rival’s Partnership Rival is an enterprise solution that integrates gaming, esports, and now NFTs, into a company’s fan-engagement strategy. Some of these entities are the Seattle Seahawks from...Read More
Ardana, the DeFi and stablecoin hub built on the Cardano ecosystem, announced today that it has entered into a strategic partnership with the decentralized application (dApp) platform, NEAR. According to an official press release shared with CryptoPotato, the collaboration will see Ardana build a bridge infrastructure to facilitate the seamless transfer of assets between Cardano...Read More
