Daily Notes 24-11-2023
Developments
KyberSwap hacker was offered a $5 million (10%) white hat bounty on the $50 million they stole. The hacker has until 6 AM UTC on 25 November to return the funds.
South Korea will start a 100,000 person CBDC trial in late 2024. The trial will aim to explore if CBDC’s can fix the current issues with government voucher systems like high fees and fraudulent claims. Participants will be able to buy goods in stores with their CBDC.
As LooksRare launches their 0% marketplace and royalty fees NFT collection- INFILTRATION - they have launched a buyback and burn initiative in tandem.Â
25% of all LOOKS used for healing in INFILTRATION will be burned and 50% of the overall fee will be used to buy back LOOKS from the market. The LOOKS token is up 43% in the last 24 hours. Â
Aevo‘s BLAST token futures contract is trading at $3.40.Â
The company behind video game franchise Final Fantasy, SquareEnix, will be opening the NFT auction for their upcoming Ethereum blockchain based game - Symbiogenesis - on November 27. There will be three waves of NFT auctions: the first will see 10 NFTs auctioned from Nov 27-28, the second, 90 NFTs from Nov 30 to Dec 1, and the third, 400 NFTs from Dec 2-3.
TraderJoe Total Supply Reached
DEX platform Trader Joe’s native token JOE has reached its max token supply of 500 million. Additionally, 10 million JOE tokens from the treasury are permanently locked for a total supply of 490 million JOE.
With JOE daily emissions stopped, Trader Joe will use “treasury-held JOE tokens to support the ongoing growth of the Trader Joe ecosystem.
F2pool, a Bitcoin mining pool, will stop censoring transactions from addresses flagged by OFAC after Bitcoin developer 0xB10C discovered transactions being censored.Â
Co-founder of F2pool, Chun Wang, admitted to the transaction filter and has announced its removal until the community comes to a consensus.Â
Trending Assets
Below $100M MC by performance, on chain
LOOKS, up 43.17%, SPELL, up 32.93%, were top performers over the past day.
Above $100M MC by performance, on chain
BLUR had a great day, and is up 32.16% - likely due to news that Binance will be listing them.
Above $1B MC by performance, on chain
GRT had a good day, is up 8.345. SNX is up 6.80%, potentially due to them turning off SNX inflation Infinex
Trading Volumes
TVL
TVL Above $10M
Over the past day:
Blast, L2, TVL is up 31.72%.
SFT Protocol, liquid staking on Filecoin, TVL is up 16.55%.
Helix, DEX on Injective, TVL is up 13.25%.
Fees
Convex Finance fees earned are up 584.37% over the past day. Fantom fees earned are up 367.81%.
Governance Proposals
GIP-79: V3 Governance Framework
Gearbox proposal to separate different multisig roles and improve V3 governance in for future L2 deployments.
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