Cryptoday 12.30 | InfinitySwap completes $1.5 million seed round, CowSwap to distribute airdrop to GNO holders
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Cryptoday 12.30 | InfinitySwap completes $1.5 million seed round, CowSwap to distribute airdrop to GNO holders
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Funding News:
InfinitySwap completes $1.5 million seed round led by Beacon Fund
On December 30, InfinitySwap, an AMM within the Dfinity ecosystem, announced the completion of a $1.5 million seed funding round led by Polychain Capital’s Beacon Fund. a16z and Dfinity participated as limited partners, with additional investments from Draft Ventures, cycle_dao, and angel investors from the Dfinity ecosystem. Dubbed the Uniswap of the Internet Computer (ICP) blockchain network, InfinitySwap aims to be among the first AMMs launched on Dfinity, bringing many exciting technologies and products to market.
DeFi
Lithium Finance partners with unsecured on-chain lending protocol TrueFi
According to its official Twitter, Lithium Finance has partnered with unsecured on-chain lending protocol TrueFi. TrueFi will join Lithium Finance's ecosystem as a wisdom node, providing price feeds for tokens in its tfUSDC, tfTUSD, tfUSDT, and tfBUSD lending pools. Lithium Finance is an oracle protocol designed to provide DeFi protocols with pricing data for non-liquid assets such as pre-IPO stock prices and private equity valuations, incentivizing accurate reporting while penalizing incorrect submissions to ensure data precision.
CowSwap, Gnosis Ecosystem DEX, to airdrop to GNO holders
Gnosis (formerly xDai) announced that CowSwap will airdrop tokens to holders of Gnosis’ native token GNO. A snapshot of user addresses will be taken on January 9, 2022. Users are reminded to convert their STAKE into GNO early to qualify for the airdrop. On December 8, the Gnosis community voted in favor of GIP 16, the “Gnosis Chain - xDAI/Gnosis merge” proposal. Following approval, the xDAI chain will be renamed Gnosis Chain, and STAKE will be merged with GNO. CowSwap is a decentralized exchange built on Gnosis Protocol v2, enabling users to trade with 0 gas fees and offering MEV protection.
NFT/GameFi
Sandbox co-founder: Plans to migrate to Polygon and launch DAO in 2022
Sebastien Borget, co-founder and COO of Ethereum-based virtual land project The Sandbox, said in an interview with Decrypt that the game plans to launch periodic Alpha Seasons every few months in 2022 to gather more feedback from LAND owners. Additionally, The Sandbox will migrate to Polygon to address high transaction costs and network congestion during gameplay interactions.
Blockchain game Galaxy Chaos to launch IDO, NFT presale, and gameplay in Q1 next year
Galaxy-themed MMOSLG blockchain game Galaxy Chaos released its roadmap, announcing the launch of its IDO, NFT presale, and gameplay in the first quarter of next year. DeFi features, tokens, and NFTs will be integrated into the game ecosystem in three phased releases. Galaxy Chaos is an EVM-compatible blockchain game where players can purchase warships, participate in in-game mining, experience PvP and PvE combat, and ultimately aim to strengthen their fleets through strategy and large-scale battles.
Others
Poly Network partners with Metis, BSC-Metis cross-chain bridge now live
Cross-chain interoperability protocol Poly Network announced a partnership with Layer2 network Metis, launching the BSC-Metis cross-chain bridge. Poly Network stated it will expand support to offer cross-chain bridges between Metis and 16 other public chains in the future.
Algofi and Algorand Foundation jointly launch $3 million liquidity mining program
On December 30, Algofi, a lending and algorithmic stablecoin protocol built on Algorand, announced a collaboration with the Algorand Foundation to launch a $3 million liquidity mining initiative. Starting January 2022, Algofi users borrowing or supplying ALGO, STBL, USDC, goBTC, and goETH will algorithmically earn ALGO rewards. Algofi launched on December 17 and surpassed $20 million in total value locked within one week of launch.
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