Iggy Azalea’s Motherland
• Iggy Azalea has announced the launch of an online crypto casino named Motherland, which is set to go live in November 2024. This casino will be powered by her memecoin, MOTHER
• The casino represents a significant step in expanding the utility of the MOTHER token, moving away from the typical meme coin narrative towards providing real-world applications. This strategy includes benefits like discounts for token holders in other ventures, such as music festival passes and telecommunications services.
• The announcement was made at the "Motherland Rodeo" event during Solana Breakpoint in Singapore, indicating a significant tie-in with the Solana blockchain community
Pyth Network Oracle Integrity Staking
• OIS is designed to boost the security and reliability of DeFi by ensuring the accuracy of price feeds. This mechanism aligns the incentives of data publishers with those of the network's stakeholders, aiming to provide more trustworthy data to DeFi applications.
• Users can stake PYTH tokens to support the integrity of the oracle. This staking not only secures the oracle network but also introduces a system where stakers are rewarded for maintaining the accuracy of data
• If data providers deliver inaccurate information, there's a mechanism for slashing, where rewards or stakes could be reduced or lost.
MANTRA Launch in October
• @MANTRA_Chain is launching its Layer 1 blockchain Mainnet in October, focusing on bringing real-world assets on-chain
• The MANTRA Chain Mainnet aims to bridge over TradFi by offering an institutional-grade platform that allows the tokenization of traditionally illiquid assets
• The platform ensures regulatory compliance, security, and access to global markets
• A key partnership includes tokenizing $500M of UAE real estate
Introducing Oxygen
• Oxygen (O2) is a liquidity layer powering Ozean's RWA blockchain by @ClearpoolFin
• It combines RWAs, tokenized treasuries, and the majors (BTC, ETH, SOL) into a unified pool, supporting swaps, lending, and collateralization
• Oxygen solves the liquidity issues for new DeFi projects by providing efficient access to liquidity without relying heavily on token incentives. Its dynamic rebalancing mechanism optimizes stability and resource distribution
• Additonally, Oxygen enables stablecoin issuance backed by RWAs and supports collateralized lending and yield generation
Revert Lend Live
• @revertfinance’s Revert Lend is a lending platform for Uniswap v3 Liquidity Providers, allowing them to use LP positions as collateral to borrow ERC-20 tokens, like USDC, while maintaining control over their positions
• Users can lend tokens to earn interest, leverage their positions, or repay loans. Loans are secured by the LP positions, with loan health monitored to prevent liquidation
• If a loan becomes unhealthy, it can be liquidated by liquidators, with rewards for doing so
Jupiter Acquisitions
• @coinhall_org and @solanafm announced that they have been acquired by @JupiterExchange
Coinhall
⇢ The Coinhall team announced that Coinhall will still be operating as usual under the Jupiter umbrella, focusing on the COsmos and upcoiming EVM ecosystems. Their SOlana products will also be integrated into Jupiter products
⇢ Their previous plans on the $HALL token will be discontinued
⇢ The team also announced ape.pro, a trading terminal for memecoins on Solana. It will feature 1-click social and web3 logins, MPC based AA wallet which is fully non-custodial and seed-phrase-free, real time data and charts for new tokens and better transaction execution through dynamic Jito fees and MEV protection
SolanaFM
⇢ SolanaFM will be joining Jupiter to improve the data and infrastructure capabilities on Jupiter
⇢ SolanaFM will continue to operate as usual
Aleo Mainnet
• @AleoHQ announced that the Aleo Mainnet is live
• Aleo combines an L1 smart contract blockchain with zk cryptography to produce a decentralised and privacy-preserving blockchain which protects user data. Aleo will feature:
⇢ Proof of Succinct Work (PoSW): Providing crypto-economic mechanism to incentivize investment in specialized hardware for generating zero-knowledge proofs
⇢ Leo Language: A domain-specific language for writing programs on Aleo. Unlike other smart contract languages like Solidity or Move, Leo gives developers access to a unique paradigm to enable applications to utilize both public and private state in an intuitive, easy-to-learn package
⇢ AleoBFT: Aleo’s consensus protocol
⇢ Varuna: An iteration of the Marlin proof system that incorporates batching, Varuna economizes the proof generation step by amortizing the cost of generating many individual proofs as part of a single function call
• The team now invitesbuilders to start building on the chain
Misc News
• @Bedrock_DeFi announced that their Bitcoin LRT will be coming to Berachain