Grand Cayman, Cayman Islands, May 21st, 2024, Chainwire
Set to hit Mainnet this summer, Sui’s new Mysticeti protocol cuts consensus latency down to 390 ms.
Sui, the pioneering Layer 1 blockchain that offers industry-leading performance and infinite horizontal scaling, today announced the successful deployment of Mysticeti, its latest consensus protocol, on Sui Testnet. This significant breakthrough reduces consensus time on Sui’s public Testnet by 80 percent at 390 milliseconds while maintaining the protocol’s industry-leading throughput. This impressive demonstration confirms that Sui is the fastest consensus layer in the industry.
Developed from deep research into Byzantine fault tolerance (BFT) consensus mechanisms, Mysticeti represents a significant advancement from Narwhal-Bullshark, the consensus algorithms Sui launched into its Mainnet a year ago, achieving unprecedented transaction speeds and reducing CPU requirements for validators. This enhancement extends Sui’s impressive low latency performance to all transaction types across the network.
Sui’s uniquely object-oriented architecture enables the network to process transactions differently based on the characteristics of the transaction and the objects involved. On Sui, transactions involving only “owned objects”, such as peer-to-peer transfers, do not require consensus. Instead, they follow a fast-path execution that can be completed in a shorter time. In contrast, transactions involving the same shared object, for example, transactions involving marketplaces, auctions or collaborative game assets, do require consensus. In the past, that meant more processing latencies. Mysticeti changes that, by processing shared object transactions using an optimized version of BFT consensus. The Mysticeti design involves minimal cross-validator communication and fully takes advantage of network bandwidth in order to maintain high throughput.
“Mysticeti represents a major leap forward, not just for Sui but for blockchain technology as a whole,” said George Danezis, Co-founder and Chief Scientist of Mysten Labs which originated the Sui Network and pioneer of global research on BFT consensus. “It reduces consensus latency to what we understand to be its lower limits while retaining the benefits of high capacity and low computation cost. It also allows transaction processing faster than consensus within the same protocol, a feature unique to Sui. Mysticeti is yet another instance of Sui pushing the boundaries of what blockchain technology can achieve.”
Results on Testnet have been remarkable, demonstrating the capability to commit transactions with an 80% reduction in latency compared to Narwhal. The enhancement implemented by Mysticeti significantly decreases complexity and optimizes resource use, allowing the Sui network to handle tens of thousands of transactions per second with latencies well below one second.
These advancements are critical as Sui continues to cement its position at the pinnacle of blockchain speed and scale, and provide a seamless experience for developers and users at scale.
“Mysticeti’s launch is the result of a successful collaboration between research, engineering, and our validator community,” said Dmitri Perelman, Head of Engineering at Mysten Labs. “The lessons we learned from building and tuning previous-generation consensus in production provided the context and inspiration for the researchers to come up with the new protocol. After the first Mysticeti prototype demonstrated undeniable performance superiority, the engineering team was fully onboard and the next-gen consensus implementation is being rolled out to Mainnet with the support of validators in a matter of months.”
Kevin Nelson, Co-Founder of Aftermath Finance said, “With Mysticeti, Mysten has proven that the DAG-based structure can surpass state-of-the-art performance in both consensus throughput and, importantly, latency. At Aftermath, we are excited to see Mysticeti roll out on testnet and even more excited for when it will touch the hands of our users with its release on Mainnet. Moreover, we are looking forward to taking advantage of Mysticeti’s new design to provide a better end-to-end experience on Aftermath.”
Greg Siourounis, Sui Foundation Managing Director added, “Low latency and fast transaction speeds have always been fundamental to Sui’s value as a top choice for builders, and with Mysticeti, the developer experience gets even better. This breakthrough once again showcases an ongoing and relentless focus on innovation, unlocking new possibilities for the types and quality of decentralized applications that can be built on Sui.”
The key innovations of Mysticeti are detailed in the newly published paper, “Mysticeti: Low-Latency DAG Consensus with Fast Commit Path,” which shows the scalability of this new technology and is available for review.
Contact
Sui Foundation
media@sui.io
Panama City, Panama, May 21st, 2024, Chainwire
Pioneering Bitcoin DeFi developer Velar has announced that it is partnering with BOB (Build on Bitcoin) to support the launch of Velar Artha, the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2.
BOB will provide technical support to optimize the development and mainnet launch of Velar Artha, drawing upon its best-in-class developer tooling, analytics, wallets, and blockchain infrastructure. This will accelerate the launch of the PerpDex and ensure that it is anchored by a strong technical foundation.
Velar Artha will form a first of its kind PerpDex within the Bitcoin ecosystem that combines the security of Bitcoin with the developer-friendly tooling facilitated by EVM compatibility. The decentralized exchange will go live on Bitlayer, the Bitcoin Layer 2 that supports the EVM. As one of the first strategic partners to assist with Artha’s deployment, BOB will play a critical role in overseeing its security, decentralization and UI/UX.
Velar CEO Mithil Thakore said: “Collaborating with BOB for the launch of Velar Artha PerpDex marks a pivotal moment for us. Being one of their initial projects, the first PerpDex underscores the mutual trust and shared vision between Velar and BOB. We’re excited to pioneer this journey together, pushing the boundaries of Bitcoin DeFi and delivering value to the Bitcoin community.”
Co-founder of BOB, Alexei Zamyatin, added: “We are excited to see Velar’s progress to launch on BOB. The Velar team is one of the high-potential Bitcoin DeFi builders in the space and we look forward to working with them on boosting their user and TVL growth as part of BOB’s DeFi ecosystem.”
BOB operates a hybrid L2 that combines the security of Bitcoin with the versatility of Ethereum. It enables developers familiar with EVM to start building on Bitcoin instantly. This allows projects to reduce time to market by taking advantage of a tailor-made Bitcoin developer suite.
Velar Artha will allow Bitcoin users to make perpetual swaps for assets including BTC and to open leveraged long and short positions. This will introduce a vital DeFi building block to the Bitcoin ecosystem whose composability will support further integrations. It will unlock dormant capital on Bitcoin while allowing DeFi innovation to flourish.
About Velar
Velar is on a mission to unlock Bitcoin’s true potential by developing a suite of powerful tools and products for DeFi. Known for creating the world’s first perpetual decentralized exchange (Perp DEX) on Bitcoin, Velar realizes the full value of Bitcoin-based assets within an ecosystem anchored by strong transaction finality and unrivaled security.
Learn more: https://www.velar.com/
Contact
Avishay Litani
pr@marketacross.com
Flipped Cat (FLICAT) could become a viral memecoin, like Shiba Inu (SHIB) and Dogecoin (DOGE).
Flipped Cat (FLICAT), a Solana memecoin that was launched this week, is aiming to challenge other memecoin giants, such as Shiba Inu (SHIB) and Dogecoin (DOGE).
Early investors in SHIB and DOGE made astronomical returns, and Flipped Cat presents a similar opportunity.
Flipped Cat has a market cap below $17,000 at the moment, meaning that when it just reaches a modest market cap of $200,000-$500,000, early investors would generate returns of 2,000%-5,000% in a matter of days or hours.
The exciting memecoin is poised to rally 8,300% in the coming two days ahead of it being listed on giant crypto exchange Bitrue, and Flipped Cat could potentially reach a multi-million dollar market cap.
Currently, Flipped Cat can only be purchased via Solana decentralized exchanges, like Jupiter and Raydium, and early investors stand to make huge returns in the coming days.
To buy Flipped Cat on these platforms, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Flipped Cat by entering its contract address – JDCyeohyUFrxX31t4tY8Fe5LzMWkstAMaVHuH8Lq71Z1 – in the receiving field.
In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price.
If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner.
The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum.
This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like FLICAT.
Zug, Switzerland, May 17th, 2024, Chainwire
Alephoria invites web3 users to the Aleph Zero ecosystem with an interactive initiative of campaigns as projects launch
Aleph Zero–the privacy-oriented layer 1 blockchain–is gearing up for a surge of new users with its Alephoria campaign. Newcomers can look forward to airdrops and other promotional activities as they join the expanding ecosystem.
Dozens of teams are actively developing groundbreaking solutions on Aleph Zero, spanning DeFi, web3 identity, liquid staking, RWA tokenization, content creation, and gaming, among other areas. At the heart of this innovation is Aleph Zero–a blazingly-fast blockchain that enables all these advancements through its modular and compliant approach to ZK privacy.
The network offers instant transaction finally with subsecond speeds, powered by AlephBFT, its proprietary consensus mechanism that integrates Directed Acyclic Graph (DAG) technology with Proof of Stake. Moreover, its data confidentiality engine skillfully balances transparency with data protection, aligning with AML/CFT regulations. These fundamental features make Aleph Zero an attractive platform for users, developers, enterprises and regulators worldwide.
Adding new utility to AZERO, the native coin
AZERO, the native coin of the Aleph Zero ecosystem, facilitates leading web3 developers in crafting new products and generating sustainable value, and unlocks a world of benefits for its holders through unique campaigns and rewards.
Staking AZERO offers users the opportunity to earn rewards directly in AZERO coins for participating in the network. For a quick start to staking, users can refer to the concise guide available now.
Additionally, AZERO serves as users’ gateway to Alephoria, offering them the chance to participate in significant ecosystem-wide airdrop campaigns from various projects.
Common Drops–the first major airdrop campaign
Launching alongside Common AMM—the first mainnet release from Aleph Zero’s DeFi platform, Common—the Common Staking Drops campaign is set to begin on May 21st. Common AMM, a Uniswap-like decentralized exchange, offers a user-friendly trading experience, built-in bridging between Aleph Zero and Ethereum, and incentives for users.
The campaign will reward participants who are active in staking, both before and throughout the duration of the campaign, with the rewards increasing the longer one participates, based on the daily average of their stake during each round.
Simultaneously, Common LP Drops will start rewarding users engaged in liquidity farming. These Drops are non-transferable initially but will be redeemable for CMN—the platform’s token—once it launches, aligning with Common’s vision of enhancing trading efficiency and confidentiality across its multi-chain DeFi suite.
Experience Alephoria
The ecosystem is rapidly expanding–and Alephoria is your key to getting the most out of it. A flurry of fresh Alephoria campaigns are either active–or lining up to launch in the near future. These include:
- DRKVRS–a Web3 multiplayer action RPG game with innovative mechanics, set in a dystopian and brutalist world. Users ca sign up for their presale whitelist at TRANSRAAD DAO.
- Abax–a unique fair lending protocol. The Stakedrop where stakers have already reserved $4M ABAX–or 20% of the tokens allocated for the first phase of the public contribution is in the last stages.
- Upcade–a web3 gaming hub powered by AZERO. Users can participate in the Block Spector Tournament–an FPP game tournament with 70,000 AZERO rewards pool.
- Kintsu–a liquid staking protocol. The Testnet implementation is already live while the OG roles can be already obtained by early users, leading to potential airdrops.
- The Aleph Zero x Galxe Takeover–Users are invited to know the Aleph Zero ecosystem through on-chain questing and potentially win additional rewards.
- The Commoners–Users can get a unique NFT from The Commoners collection for AZERO holders.
Go to alephoria.com to learn more about the initiatives!
About Aleph Zero
Aleph Zero is a layer 1 blockchain engineered for speed, data confidentiality, and ease of development. It achieves efficiencies akin to conventional web2 systems, upholds rigorous standards for data protection via ZKP and MPC, and offers a comprehensive toolset for WASM-based web3 development in Rust. Aleph Zero’s versatility is highlighted by over 40 use cases being actively developed, showcasing its adaptability across various sectors and applications. These use cases are part of an engaged community and growing ecosystem of web3 applications that are supported by Aleph Zero programs.
For more information, users can visit Aleph Zero’s website or follow Aleph Zero’s Twitter.
Contact
PR Specialist
Ana Lezama
Aleph Zero
ana@serotonin.co
Singapore, Singapore, May 17th, 2024, Chainwire
Mining Now, a trusted and reputable real-time crypto-mining insights provider company, is thrilled to announce the launch of its versatile platform that attempts to give unbiased insights associated with crypto mining as well as real-time Asic profitability tracking where people can analyze and compare the crypto mining hardwares to draw well-informed inferences. It is designed to bridge the gap between miners around the world and the crypto landscape with Mining Now’s user-friendly interface intending to boost the crypto mining endeavours.
With a solid commitment to delivering crypto mining insights, the leading-edge platform not only pertains to benefit the miners worldwide to accomplish swift and unmatched mining outputs but also curated a whole range of ASIC miners showcasing intricate data and specifications in entirely uncomplicated form in one place to create heightened awareness as well as maximizing the profits.
With its recently launched platform, the entire team of Mining Now has big plans to expand their horizons to cover other forms of crypto mining hardware as well, such as GPU and CPU miners, for maximized research potential, and they are persistently working to accomplish it. Not only this, but they are also on the go to forge a full-fledged mining community that thrives to unify diversified entities. Mining Now’s exclusive community will have crypto Asic enthusiasts, technicians, supporters, and mining farms that will aid in promoting exquisite experiences and exponential growth.
Another distinctive approach to providing its users with P2P deals is the cherry on top, as they will have accessibility to sellers from around the world, which would save them thousands of dollars. No such groundbreaking platform has been in the game yet, and it can be well-anticipated that Mining Now is now all set to pioneer the entire world with its distinctive features and qualities.
This move by Mining Now will not only forge a more profound sense of reliability amongst its users but also bring a revolution that would shake the entire industry with its vision and innovations, leaving a benchmark of unbiasedness, futuristic approach and unseen innovations.
Embark on this exquisite journey with Mining Now and raise the bars of your crypto mining ventures.
Website: https://miningnow.com/
Social Media Handles
- Discord: https://discord.com/invite/9JVK9trkG7
- Twitter: https://twitter.com/Realminingnow
- Telegram: https://t.me/RealMiningNow
Contact
Selina
Mining Now
selina@miningnow.com
Bybit, ranked among the top three cryptocurrency exchanges globally in terms of volume, has launched an attractive 2% cashback offer for its Bybit Card users, with rewards paid in USDT directly into their accounts. This promotion applies to all purchases, whether made with fiat or cryptocurrency, highlighting Bybit’s ongoing efforts to facilitate the use of crypto in everyday transactions.
The exchange has introduced an Auto Cashback feature, which automatically converts cashback points into USDT, simplifying the reward accumulation process. Users can easily enable this feature from their Card Dashboard, maintaining the simplicity and user-friendliness Bybit is recognized for.
Joan Han, the Sales & Marketing Director at Bybit, emphasized the company’s commitment to the crypto sector, stating, “Bybit is dedicated to pioneering the cryptocurrency landscape by partnering with leading projects that enhance the overall market and deliver significant benefits to our users. Through the Bybit Card, we are committed to simplifying cryptocurrency access, effectively narrowing the divide between conventional finance and the digital economy.”
The process for receiving cashback is streamlined. After each transaction, cashback points are credited to users’ accounts within a few days and can be tracked under the ‘Earned’ section in Bybit’s Reward Market. These points are then automatically converted into USDT daily, keeping users informed throughout the process.
The Bybit Card itself is designed with a minimalist and user-friendly interface, consistent with Bybit’s philosophy of facilitating easy global spending of cryptocurrencies. Additionally, with the recent integration of Google Pay and other payment systems, Bybit Card holders in the European Economic Area (EEA) can now make secure and quick transactions online, in-app, and in stores. This integration notably expands the utility of the Bybit Card, leveraging the widespread acceptance of Google Pay for a seamless transaction experience.
Zug, Switzerland, May 16th, 2024, Chainwire
Web3 data access layer Subsquid has confirmed that its SQD token is to list on several tier-one crypto exchanges. The native Subsquid token will be simultaneously listed on Gate.io, Bybit, KuCoin, CoinList and MEXC Global on May 17th, 2024.
Markets for trading SQD will open at 8:00 UTC, with an initial launch price of $0.094. The multiple exchange listing follows an oversubscribed token sale on Coinlist that raised $6.3M. The addition of SQD to tier-one exchanges will increase liquidity and access to the native Subsquid token.
SQD plays a critical role in the Subsquid ecosystem. In addition to aligning incentives between infrastructure providers, the token is used to reward node operators that provide computation and storage resources. Other use cases include node curation and facilitating protocol governance.
Marcel Fohrmann, Co-Founder of Subsquid said: “We’re excited to see our token go live on various trading venues. We’ve been working on getting Subsquid to market and onboard hundreds of worker nodes. With Subsquid Network even petabytes of on-chain data can be accessed and queried in a trustless and permissionless way, gradually replacing RPC nodes for data reads. We believe that this is another step towards powerful, fully decentralized web3 dapps and analytics.”
The listing of SQD on global exchanges will support Subsquid’s goal of decentralizing its network and opening it up to as many web3 users as possible. This will empower SQD holders to utilize Subsquid’s protocol and participate in its permissionless data economy.
About Subsquid
Subsquid Network is a decentralized data access layer and data lake around which the Subsquid ecosystem is built. It offers developers permissionless, cost-efficient access to on-chain data from over 100 chains and is integrated into a large ecosystem of web2- and web3-native developer tools.
Website l LinkedIn l Twitter/X l Discord
Contact
Marcel Fohrmann
contact@subsquid.io
London, United Kingdom, May 16th, 2024, Chainwire
Talos, the premier provider of digital asset trading technology for institutions, and One Trading, a crypto trading venue headquartered and regulated in the European Union, announced an integration designed to expand liquidity access for institutions. As part of the collaboration, One Trading joins the Talos network of liquidity providers, expanding the possible destinations for their shared clients looking to achieve best execution. Talos users will now be able to access One Trading’s high-speed trading platform, with a matching engine time of just 1 microsecond.
In addition to expanding its potential reach to Talos’s institutional clients, One Trading also adopts the Talos trading platform as a sell-side client to support its OTC trading desk. The award-winning Talos trading platform will help One Trading efficiently source liquidity to better serve its clients’ needs. The multi-faceted relationship between the two firms highlights the different ways that the Talos network and platform can enhance a partner’s business.
“We are thrilled to welcome One Trading into the Talos network of liquidity providers,” said Daniel Packham, VP and Head of Operations, EMEA. “They have built a leading regulated trading venue in Europe using cutting-edge technology to build an incredibly fast and secure exchange, holding themselves to the highest standards of security and transparency that are important to Talos and our institutional clients. In addition, as a client themselves using our trading platform, One Trading is a great example of how an OTC dealer can leverage Talos to help manage liquidity efficiently.”
Commenting on the integration, Joshua Barraclough, CEO of One Trading said, “Talos shares our goal of bridging the gap between traditional and crypto asset trading. That’s why we’re excited to integrate with Talos as a liquidity provider as well as a sell-side trading client. They provide us with the same institutional grade of technology that we seek to provide to our own clients.”
One Trading is an EU-based trading venue built by a highly experienced ex-TradFi team. One Trading provides an institutional-grade digital asset exchange for both retail customers and institutional clients, with a focus on achieving market-leading execution speed, deep order books, and low fees. The exchange provides zero fees for both maker and taker transactions. One Trading operates a regulated spot trading venue and an OTC business with plans to roll out a MiFID II regulated derivatives business in the near future. As the Markets in Crypto Assets (MiCA) European regulation elevates the importance of best execution, Talos’s integration with One Trading will empower shared clients with an additional option for sourcing the best available liquidity.
About Talos
Talos provides institutional-grade technology that supports the full digital asset trading lifecycle, including liquidity sourcing, price discovery, trading, settlement, lending, borrowing and portfolio management. Engineered by a team with unmatched experience building institutional trading systems, the Talos platform connects institutions to key participants in today’s digital asset ecosystem – exchanges, OTC desks, prime brokers, lenders, custodians and more – through a single point of entry. By streamlining the entire trading process, Talos helps mitigate intermediary risk and facilitate best execution. For additional information, visit www.talos.com.
Talos Disclaimer: Talos offers software-as-a-service products that provide connectivity tools for institutional clients. Talos does not provide clients with any pre-negotiated arrangements with liquidity providers or other parties. Clients are required to independently negotiate arrangements with liquidity providers and other parties bilaterally. Talos is not party to any of these arrangements. Services and venues may not be available in all jurisdictions.
About One Trading
One Trading is a leading European digital asset trading platform with a VASP registration in Italy with Organismo Agenti e Mediatori (OAM). The One Trading platform has various offerings: Exchange, Instant Trade, and an OTC desk. The Exchange is where registered customers can access the fastest trading venue in the world with zero fees — also boasting a transparent order book with deep liquidity, and charting tools for technical analysis. The team behind One Trading has strong ex-TradFi expertise and is focused on providing an unparalleled product experience.
Instant Trade offers a simplified UI for trading a wide range of fiat, stablecoin, and altcoin pairs at 0% additional commission. One Trading retrieves the best prices for customers by plugging into a number of major liquidity providers with access to deep liquidity. These relationships have been established through the over-the-counter (OTC) offering, and are typically only reserved for HNWs or institutional customers. Through Instant Trade, all trader types can access this unique trading mechanism through a simple UI.
The OTC desk offers a high-touch trading team to work with clients, typically institutional partners to facilitate trades in any size and digital asset, with access to deep pools of liquidity, rapid settlement, and large asset coverage.
One Trading Disclaimer: This material is for informational purposes only, and is not intended to provide legal, tax, financial, or investment advice. Past performance is not necessarily indicative of the future nor a reliable indicator of the likely performance of any investment. Recipients should consult their own advisors before making these types of decisions. One Trading has no responsibility or liability for any decision made or any other acts or omissions in connection with Recipient’s use of this material.
Contact
Andy Keelaghan
One Trading
info@3webdigital.com
Singapore, Singapore, May 15th, 2024, Chainwire
A major event in Cosmos is the recent passing of Governance Proposal No.917: a request by Dora Factory and DoraHacks for a $1 million grant from the Cosmos Hub community treasury. This grant will support ten rounds of Quadratic Funding within the Cosmos Hub ecosystem over the next two years.
As one of the largest treasury funding applications, this proposal sparked extensive discussions within the Cosmos community and received overwhelming support. Over $1 billion worth of ATOM, including major validators and core Cosmos contributors, voted in favor. The approval rate reached 91.9%, making Gov Proposal 917 the motion with the highest approval rating in the Cosmos Hub’s history.
Following the approval of this proposal, Dora Factory, in collaboration with DoraHacks, has officially announced the second AEZ (ATOM Economic Zone) quadratic funding program, marking the launch of the first long-term funding initiative. This quadratic funding program will span two years, starting May 15, 2024, and ending May 2026.
The passing of Gov Proposal 917 brings native Quadratic Funding to the Cosmos Hub for the first time.
What is Public Goods Funding?
Public goods funding is a frequently discussed concept within the Web3 industry. Generally, public goods refer to goods or services that are available for everyone to use.
In crypto, public goods can include blockchain infrastructure, storage, developer tools, software middleware, and user-facing applications such as block explorers, data dashboards, and wallets.
Due to its inherent transparency and verifiability, crypto and blockchain are ideal tools for funding public goods.
However, web3 public goods funding also faces numerous challenges.
- Lack of coordination among the various parties involved in public goods funding (foundations, institutions, DAOs, developers, and communities).
- A shortage of sustainable and effective funding mechanisms.
- Public goods funding is often perceived as not interesting.
Enter Dora Factory, which strives to build infrastructure that enables large-scale adoption of public goods funding.
Dora Factory: Infrastructure Born for Public Goods
Dora Factory is a leading decentralised governance infrastructure and multi-chain public goods funding protocol stack, incubated and supported by DoraHacks, the industry’s developer and public goods funding platform. Its products include Public Good Staking infrastructure and Dora Vota, an appchain for voting and governance designed to empower the global Hacker Movement, open-source communities, and DAOs.
Multi-Chain Quadratic Funding: Aligning Communities and Ecosystem Builders
What is Quadratic Funding? Through native-token donations, token-holder communities can support high-quality early-stage projects and public goods within various ecosystems, fostering better collaboration among foundations, communities, and developers.
As the first and only team in the industry to develop and advocate for this approach, Dora Factory is a true leader in multi-chain quadratic funding. It has successfully deployed native quadratic funding in numerous mainstream crypto ecosystems, including BNB Chain, Solana, Polygon, Aptos, Cosmos Hub, Injective, and Avalanche.
Public Good Staking: Providing Sustainable Funding for Public Goods
In late 2022, Dora Factory introduced the concept of Public Good Staking. By operating underlying infrastructure such as validators, they earn native block rewards that are continuously used to fund multi-chain developers and public goods ecosystems.
Dora Factory has promoted public good staking in over 30 ecosystems’ mainnets and testnets, achieving a TVL (Total Value Locked) of over $400 million, providing up to $10 million in sustainable annual funding.
In the future, Dora Factory will explore ways to use cryptocurrency to fund cutting-edge technology fields like space technology, quantum computing, artificial intelligence, and biomedical research.
Community Incentive Fund: Making Public Goods Funding More Fun
Dora Factory launched the Community Incentive Fund to make the public goods funding process more engaging and fun. Top meme and NFT projects like Celestia’s Celestine Sloth Collection, Injective Ninja, Aptos Gui Inu, and Aptos Monkeys have become partners of the Community Incentive Fund. Through retroactive airdrops and gamified donations, these projects have brought more fun to public goods funding, receiving contributions and donations from nearly 100,000 unique addresses across different communities.
Anonymous Minimum Anti-Collusion Infrastructure (aMACI): Bringing Privacy Technology to On-Chain Public Goods Governance
MACI is a cryptographic technology designed to maximize the detection and elimination of collusion in voting. In 2022 and 2023, the Dora Factory team collaborated with ETHDenver, 0x, and OpenSea to introduce privacy voting to crypto hackathons. MACI has significantly improved privacy and reduced collusion in on-chain governance and voting.
In 2024, Dora Factory launched aMACI, adding voter anonymity to eliminate collusion between the vote initiator and the operator. This further enhances privacy and lowers the usage threshold of MACI voting. This is a significant step towards future large-scale decentralized voting systems.
Dora Vota: Open Infrastructure for Public Goods Funding
Dora Vota is a multi-chain governance and voting infrastructure. Vota and interoperability protocols like IBC will provide modular voting and governance infrastructure, such as plug-and-play quadratic funding modules and grant distribution mechanisms. As the first permissionless appchain focused on scaling on-chain voting, Dora Vota will offer developers a valuable playground, unlocking more possibilities for public goods funding and decentralized community governance.
Recently, Dora Factory secured strategic financing from dao5, Whampoa Digital, and angel investors like EigenLayer co-founder Calvin Liu. This is the first strategic round of a new funding series since Dora Factory’s $17.5M raise in 2021.
As Dora’s Public Good Staking grows and Vota’s ecosystem matures, the team believes Dora Factory will continue exploring new solutions to traditional funding inefficiencies, accelerating the maturity of governance and public goods funding in the multi-chain ecosystem.
Contact
Community contributor
Chris Lee
Dora Factory
winniedrinkwater@gmail.com
Majuro, Marshall Islands, May 15th, 2024, Chainwire
Multipool, a leading innovator in the blockchain and cryptocurrency industry, announces the close of its $650k VC investment round led by NxGen, and the announcement of its Fjord Foundry LBP on May 21st-23rd. In the past month, Multipool has brought together the best of the crypto investment scene and connected them with the next big thing, receiving an overwhelmingly positive response from the community.
“We’re thrilled to have raised $650k from VC & private investors. With NxGen, we aim to take the Multipool project of a DEX with CEX appeal to new heights and bounds, revolutionizing the crypto space. The LBP launches on Fjord Foundry, May 21st, stay tuned! ” Wojciech Kaszycki, a Core Contributor at Multipool
Partnered with Professionals
The Multipool LBP launches with industry professionals including NxGen, a group of private investors and advisers. These stakeholders provide Multipool with all the skillsets and regulatory support needed to reshape the industry offering compliance, flawless technological development and widespread awareness.
The Big Launch
With the close of the VC round, Multipool will launch their LBP on Fjord Foundry May 21st – 23rd, where crypto enthusiasts from all around the world can participate, joining a community of vibrant experts on the cutting edge of crypto tech.
To learn more about Multipool and the upcoming LBP, users can visit:
Website – www.multipool.finance
Telegram – t.me/multipoolfi
X – https://twitter.com/multipoolfi
About Multipool
Multipool is a cutting-edge decentralized exchange (DEX) transforming the trading landscape for real-world assets (RWAs) and cryptocurrencies. Multipool is designed for fairness and equality, featuring a fully decentralized on-chain order book, deep liquidity through dynamic bracket pools, and seamless trading of RWAs and cryptocurrencies. Utilizing world-class innovations including industry-first FIX APIs, low latency networks, zero price impact auctions, trustless RFQs, peer-to-peer repo lending, and MEV bot protection, Multipool sets a new standard in DeFi trading. Experience unparalleled efficiency and security in your trading journey with Multipool – The DEX with CEX appeal.
https://www.multipool.finance/
Contact
Public Relations Manager
Angie Hermosa
Multipool
press@multipool.finance