DeFi Dev News-Sei Accelerator, zk-Powered Risk engine, $50k Pragma Oracle Bug Bounty
Grants and Accelerators
- Sei Foundation launched an accelerator program with three parts: the Sei Decentralization Program, the Sei Incubation Program, and the Sei Launchpad Program.
Mechanism
- Sudoswap introduces Gradual Dutch Auctions (GDAs), a pricing model that allows efficient selling or buying of NFTs over time.
- Vest Exchange introduces zkRisk, a zk-powered risk-engine AMM that efficiently prices liquidity for leveraged trading and verifies via zkSNARKs.
Infrastructure
- CowSwap introduces Milkman, a contract for delayed execution trading. Milkman lets DAOs and other smart contract wallet users set dynamic price backstops for orders that will execute in the future.
- Uniswap released the V4 template repo and a walkthrough video, introducing the template to developers looking to build on top of Uni V4.
- Interbloc launched a Cosmos explorer with a strong focus on UX, full-text search, and governance AI.
- Circle introduces the Bridged USDC Standard. EVM chains can implement the standard to avoid fragmented USDC liquidity by giving optionality for Circle to seamlessly upgrade to native issuance in the future."
- Pragma launches an Oracle on Starknet, allowing developers on Starkness to fetch price feed data from "highly liquid exchange and market makers.
- Boardroom launches Governance API & Kit, enabling devs to integrate governance data into applications.
Bug Bounties
- Nexus Mutual is an insurance protocol that offers options for its members to buy cover, underwrite risk, assess claims, and build risk management businesses. Nexus Mutual added new contracts to its Repo.
- Newly added contract details and resources
- Smart contracts: $2000-$50,000
- Pragma is the leading Oracle on StarkNet, providing the most reliable data feeds to its ecosystem. This network relies on three types of data sources: First Party, Third Party, and On-chain data.
- Live since Nov.22, 2023
- Smart contracts: $2500-$50,000
Hacks
- Osmosis Halted for 2 Hours
A bug in the Cosmos SDK caused a 2-hour pause to the Osmosis chain. The bug has been fixed and the chain is back live. Osmosis validators and node operators are urged to upgrade to Osmosis v20.5.0. - KyberSwap Elastic 47M Exploit
KyberSwap Elastic experienced an exploit and lost ~$47 million. The team is investigating and suggesting users withdraw their funds. - HecoChain & HTX 110M Exploit
HecoChain Bridge saw a suspicious 86.6M outflow from a compromised operator. An additional exploit of the HTX exchange cited suspicious transfers of $23.4M.
Product Launches
- During Istanbul hackathon, developer Rishabh built Ephemeral ZK L3, a vertical scaling solution using ZK state channels for Autonomous Worlds.
- ryETH on Osmosis
Levana launches ryETH on Osmosis. ryETH represents shares of Real Yield ETH (YieldETH) from Sommelier Finance. Levana users can use YieldETH to go long or short on ETH-denominated assets with up to 30x leverage. - RainFi on Solana
RainFi, a P2P NFT lending protocol on Solana, is live. RainFi lets users lend SOL/USDC/mSOL, and borrow SOL using their NFT as collateral. - IOTX Liquid Staking
Bedrock launches liquid staking for IOTX. IOTX holders can now stake IOTX to receive reward-accruing uniIOTX. - Dyson Full Version Release
Dyson DEX has deployed its full version on Polygon zkEVM and launched the DYSN token. Besides Swaps and Dual Investment, the full version enables the Membership Program, Boosting, and Staking. - Asymetrix V2 Live
LSTfi protocol Asymtrix launches V2. The upgrade introduces veASX, the BOOSTS system, and Mini Pools. - Deri V4 on ArbitrumDerivatives protocol Deri launches V4 using Arbitrum Orbit with enhanced trading, faster execution, reduced gas costs, expanded offerings, and more option strikes.
- unshETH Liquid Blast ETH
unshETH launched Liquid Blast ETH (blETH), a liquid wrapper for ETH deposits into Blast. Upon Blast withdrawals going live, the blETH withdrawal contract will allow users to withdraw ETH + farmed points.
Risk reminder: Make sure to interact with the right contract, and be aware that if unshETH smart contracts have a bug you may lose your ETH. - Beta Finance V2 Live
Beta Finance launches V2 (Omni), a lending market with risk tranches. V2 enables users to choose their level of exposure based on their individual risk appetites. - ZKP2P Alpha Live
ZKP2P launches an alpha version on Base L2. ZKP2P is a trustless fiat-to-crypto onramp protocol powered by ZKPs.
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