Veax Labs has launched NEAR Protocol-based DEX and LP incentive programs. Cosmos is developing a Dymension EVM compatible Rollup. Blockbank has added the Shiba Inu (SHIB) to its Earn program. BONE, the governance token of the SHIB ecosystem, made it to the list of another top exchange. We have compiled the hot developments in the crypto world for our readers.
Last minute: Cosmos, SHIB, Stellar and more…
Giddy raised $6.9 million in funding
Crypto wallet startup Giddy has raised $6.9 million in new funds. Thus, the total investments made in the company to date have exceeded $15 million. Investors in this round included Pelion Venture Partners, Peak Capital Partners, Clarke Capital, and others, including a strategic investment from Fortnite co-creator Geremy Mustard, the company said in a statement. Pelion led Giddy’s $8 million funding round in 2022.
Veax Labs launches NEAR-based DEX and LP incentive programs
Veax Labs has officially launched DEX on the main-net, built on the NEAR Protocol, designed to seamlessly combine features commonly found in traditional finance with those found in the decentralized finance (DeFi) market. In addition, the Veax Liquidity Provider (LP) Incentive Program was launched. In this context, 25% of VEAX (2,500,000 in total) was given to early stage liquidity providers in the Veax ecosystem.
Cosmos developing a Dymension EVM compatible Rollup
Cosmos Eco Modular Settlement Layer Dymension announced that it has developed a Rollup extension solution compatible with EVM. Rollup is currently in beta. Additionally, Cosmos Eco will be available as a Tier-2 solution on the EVM compatible Blockchain Evmos. As Cryptokoin.com previously reported, Dymension raised $6.7 million in seed funding in February this year, led by Big Brain Holdings and Stratos, with participation from Matchbox DAO, DraftKings’ Shalom Meckenzie, and others.
Filecoin launches AWS open source alternative FWS
Filecoin announced this week that it has launched Filecoin Web Services (FWS), an open-source alternative to AWS, Google Cloud and Azure, a set of computing and storage technologies built on top of the Filecoin network that developers can use to build decentralized applications.
Of the 125 projects that received an ARB, four sold most of the ARBs they bought
Of the 125 projects that received ARBs from the Arbitrum Foundation, four sold most or all of their ARBs directly rather than using them to incentivize their own project users.
1. The Damned Pirates Society (150,000 ARB)
2. The Damned Pirates Society (150,000 ARB)
2. Trident (257,540 ARB) 3. xToken Terminal (35,000 ARB)
3. xToken Terminal (35,000 ARB)
4. Rice Wallet (12,500 ARB)
IOST and HashKey DID form strategic partnership
IOST has announced a strategic partnership with HashKey Group’s leading multi-chain decentralized identity data aggregator HashKey DID. The partnership will integrate HashKey DID’s innovative decentralized identity services into IOST’s Blockchain. Thus, it will strengthen the Web3 infrastructure. In addition, this partnership will provide a secure, transparent and efficient identity management experience for IOST users.
HashKey DID will also officially become an IOST Partner Node with this partnership. Thus, the partnership will be an important milestone in the expansion of both organizations. This partnership will pave the way for a more robust Web3 ecosystem by leveraging their expertise in Blockchain technology and decentralized identity solutions.
Blockbank adds Shiba Inu (SHIB) to Earn program
Blockbank has taken another step towards expanding its support for the Shiba Inu (SHIB). In a recent announcement, Blockbank added SHIB to its EARN program. This move is expected to significantly benefit long-term SHIB holders. It will also allow them to earn up to 5% APY interest on staked SHIB tokens.
But that’s not all! In addition to earning interest in SHIB, Blockbank will also pay an additional APY of up to 10% in its native cryptocurrency BBANK. This means that SHIB holders who stake their tokens on Blockbank can earn interest on both SHIB and BBANK at the same time, further increasing their potential returns.
Stellar partner launches cross-border payment solution in Chile
Stellar partner MoneyGram International has launched its MoneyGram Online (MGO) service in Chile. According to a press release today, Chilean residents will be able to send money from the country to their friends and family worldwide using this solution. Commenting on the development, MoneyGram Chairman and CEO Alex Holmes said the company is excited to launch its MGO service in Chile, one of South America’s largest remittance markets.
BONE topped the list of another top exchange
Deepcoin, a leading digital asset exchange, has announced that it will support the trading of Shiba Inu’s Governance token, Bone ShibaSwap, with the BONE/USDT trading pair. This move allows exchange users to buy, sell and trade BONUS with 0% fee.
Also, this development marks the fifth exchange to add BONE support after CetoEx, OKX, Huobi Global and Flitpay.
IOTA’s Shimmer EVM test-net reaches key milestones
cryptocoin.comAs you follow, the Shimmer EVM test-net went live at the end of March. Now, the Shimmer EVM test-net has achieved important milestones. In this context, Shimmer Network made a post celebrating the milestones. Remarkably, the ShimmerEVM test-net reached 1 million transactions with over 38,000 wallet addresses. In addition, more than 2,200 smart contracts have been distributed. Dominik Schiener, co-founder of IOTA, celebrated the milestone on Twitter. “1 million transactions in less than 1 month on the Shimmer EVM is a huge milestone that demonstrates the flexibility, speed and reliability of the network,” Schiener tweeted.
Sui opened the developer portal
Sui Network has redoubled its efforts for a seamless main-net launch next week. In this context, Sui announced the launch of the Dev Portal. As the protocol explains, builders within the community will reach technical support through the Dev Portal. In addition, there will be opportunities to access educational resources. In these matters, the Dev Portal will serve as a one-stop shop for builders.
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