Cryptoday 12.20 | Staking service provider Figment raises $110 million in Series C funding, post-money valuation reaches $1.4 billion
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Cryptoday 12.20 | Staking service provider Figment raises $110 million in Series C funding, post-money valuation reaches $1.4 billion
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Funding
Decentralized bond ecosystem platform Debond completes $500K seed round
On December 20, the decentralized bond ecosystem platform Debond announced the completion of a $500,000 seed funding round, achieving a post-money valuation of $12.5 million. The round was led by Bixin Ventures, with participation from institutions including Wave Capital, Exnetwork Capital, Lotus Capital, Spark Digital Capital, CollinStar Capital, and HOT DAO (Hotlabs). A project representative stated, "All funds raised will be used for further team enhancement, expansion, and continuous product development."
Staking provider Figment raises $110 million in Series C round, post-money valuation at $1.4 billion
On December 20, staking service provider Figment raised $110 million in its Series C financing round, reaching a post-money valuation of $1.4 billion. ThomaBravo led the round, with follow-on investments from Counterpoint Global, ParaFi Capital, Avon Ventures, Binance, Bitstamp, and others. It is reported that Figment generates approximately $10 million in monthly revenue, projecting around $100 million in revenue this year. It operates validators across more than 50 blockchains and manages $7.5 billion in assets, taking a cut from all generated staking revenue.
DeFi
Grim Finance hit by flash loan attack, losses exceed $30 million
According to official reports, Grim Finance, a yield aggregation platform on the Fantom chain, suffered a flash loan attack, resulting in losses exceeding $30 million. The vulnerability stemmed from the depositFor function in the GrimBoostVault contract, which failed to validate the legitimacy of user-input tokens and lacked a reentrancy guard, allowing attackers to pass malicious token addresses and reenter the function to mint far more deposit receipts than intended. Grim Finance has since paused all vaults and urged users to immediately withdraw their assets.
NFT/GameFi
Cobo officially launches 'Cobo 4th Anniversary NFT' on OpenSea
According to official announcements, institutional custody and asset management technology service provider Cobo has officially launched its "Cobo 4th Anniversary NFT" on OpenSea. Founder Shen Yu gifted 1,000 NFTs via Twitter to industry builders and partners to celebrate Cobo's fourth anniversary. Additionally, Cobo announced a three-question giveaway campaign to identify high-quality contributors for whitelist allocations. Notably, in September this year, Cobo announced a $40 million Series B funding round led by DST Global, IMO Ventures, and A&T Capital. It also launched a compliant DeFi fund and DaaS ("DeFi as a Service"), a standardized SaaS solution enabling global financial institutions (and their clients) to securely, compliantly, and quickly access DeFi.
The Sandbox announces collaboration with NBA star Stephen Curry and sportswear brand Under Armour
On December 20, The Sandbox announced a partnership with NBA star Stephen Curry and sportswear brand Under Armour, potentially launching a joint NFT drop at 9:00 AM Beijing time on Wednesday, December 22. Previously, Decentraland had also announced a collaboration with Stephen Curry and Under Armour.
Game guild Avocado Guild to issue native token AVG with total supply of 1 billion
Game guild Avocado Guild revealed that its native token AVG will be offered during a public Token Launch Auction (TLA), expected to launch via Balancer’s Liquidity Bootstrapping Pool (BLBP). In addition to public sales, Avocadians can earn AVG through community rewards and staking incentives. As the governance token of Avocado DAO, AVG is an ERC-20 token on Ethereum with a total supply of 1 billion. The team will retain 27.75%, while AVG will serve purposes including DAO governance, rewards, staking, liquidity mining, and utility within the platform ecosystem.
Others
RSS3 opens claim for 12th round Gitcoin donor airdrop
RSS3, a decentralized social and content protocol, has opened claims for its 12th round Gitcoin donor airdrop. RSS3 is a next-generation decentralized social and content protocol that returns data—including relationships, content, and user profiles—to users through built-in mechanisms for commerce, recommendations, and storage. RSS3 aims to replace the traditional Web2 application ecosystem centered on centralized distribution, fostering a more vibrant and healthy content and social network.
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