deBridge Foundation & Airdrop Checker
• The @deBridgeFdn has been launched and they introduced the $DBR token and a checker for users to preview tokens earned from Season 1 activities
• 10 billion tokens, with 1.8 billion initially circulating. The community holds the largest share of the initial distribution, receiving 10% (1 billion tokens)
• Tokens allocated based on points earned by users, with the top 10% of addresses holding ~76% of tokens, subject to a special distribution schedule
• Users can check their $DBR allocation on the deBridge website. Full token claims begin once $DBR is tradable, about 48 hours after the LFG vault launch
Aurelius TGE
• @axis_fi is hosting a 72-hour auction for 10% of the @AureliusFi’s $AU token supply (10 million tokens) from Aug 12-15
• The auction uses the Encrypted Marginal Price (EMP) model, a sealed-bid system ensuring fair price discovery and privacy by keeping bids encrypted until the auction ends. Winning bids will pay the price of the last successful bid
• The minimum price is 0.0833 MNT per token, with a 7-day cliff and 6-month vesting period
• Participants must bid at least 150 wMNT. A referral program offers a 5% reward for driving successful bids through ref links
Boson Protocol x WooCommerce
• @BosonProtocol is aiming to become the decentralized base layer for tokenizing and trading physical RWAs. They are now focusing on mass adoption through strategic partnerships and scaled distribution channels
• Partnership with @WooCommerce, enabling over 4 million stores to integrate Web3 commerce using Boson
• Collaboration with Fermion Protocol for tokenizing and verifying high-value physical assets like luxury goods and real estate
• Connecting gaming platforms like Roblox with Web3, allowing brands to offer physical items as redeemable NFTs
• Launching a decentralized marketplace for trading tokenized physical asset
Kujira x THORChain
• @TeamKujira announced their partnership with @THORChain making THORChain the platform for Kujira’s DeFi suite with tight integration of THORChain’s native apex assets and deep liquidity
• THORChain enables native cross-chain swaps, without any wrapped or bridged assets. THORChain will help provide the liquidity and volume that will turbocharge the Kujira flywheel, tapping directly into native BTC and native ETH deposits
• The PILOT Sale for rKUJI is now live and users can participate with USDC, USK, xUSDC and xUSK. The THORChain team has committed to backstop the raise with $3m which will be the minimum amount raised via PILOT. This means that depositors affected by the exploit will be guaranteed to withdraw their funds after the sale
Introducing Saga’s Liquidity Integration Layer
• @Sagaxyz__ introduced Saga’s Liquidity Integration Layer (LIL), a solution to tackle liquidity fragmentation in blockchain
• Saga identified the issue of liquidity fragmentation caused by the lack of composability between applications in two different chains. There are frictions such as setting up bridges and cross-chain interaction usability issues
• Saga’s new LIL introduces automatic composability into the Saga ecosystem allowing a new chainlet to connect to the LIL automatically. Through the LIL, this fresh chainlet will have immediate access to tokens, services, and applications on other chainlets as well as other ecosystems outside of Saga
• The LIL brings about several features:
⇢ Automatic Bridge Repayment: This is enabled in the Saga ecosystem because the source and destination chains are operated by the same set of validators and can natively include operating the bridges within the Saga ecosystem. This allows bridges in the Saga LIL be free and gasless to the developer
⇢ Automatic Liquidity Routes: The LIL Chainlet acts as a bridge route for all other chainlets and every chainlet is automatically connected to the LIL Chainlet. This allows all chainlets to have automatic access to any ecosystem bridged from the LIL chainlet
⇢ Automatic Packet Forwarding: Saga’s LIL automates the routing within the Saga ecosystem and facilitates usable UI and UX for both the developers and end users
⇢ Automatic Cross-chain Execution: Saga LIL introduces application composability to all chianlets and they can embed any EVM transaction with the route transaction to be executed once the packet arrives in the destination chainlet
Misc News
• @symbioticfi devnet is now live
• @CantoPublic announced that their chain is halted due to a consensus issue
• @samkazemian announced that (s)FRAX and Frax yields will be natively opn Tron shortly