1. Worldcoin: TFH investors and team members’ WLD token unlocking period extended to 5 years link
According to the latest Worldcoin white paper, the unlocking schedule for about 80% of TFH investors and team members' WLD tokens will be extended from 3 years to 5 years, and the first year of the unlocking schedule will remain unchanged. TFH reserves have no plans to further extend the lock-up period. The new unlocking method will allow TFH investors and team members to unlock about 2 million WLD per day after July 24, equivalent to about 4.8 million US dollars, which is 40% lower than the previous daily unlocking of 3.3 million WLD.
2. Optimism announces Retro Funding 4 results link
Optimism announced the results of the fourth round of Retro Funding 4, which plans to provide 10 million OP rewards to more than 200 projects. Projects will be rewarded based on their performance on the indicators selected by the badge holders. The primary indicator is the gas fee generated by the project on the hyperchain from October 2023 to June 2024. The second indicator includes trusted users who join the hyperchain. Among them, Zora and Layer 3 each received 500,000 OP.
3. Scroll TVL grew 21.9% to $1.01 billion in the past 7 days link
According to L2Beat data, on July 15, Scroll TVL increased by 21.9% to $1.01 billion in the past 7 days, becoming the eighth Ethereum Layer2 network with a TVL of more than $1 billion. Of Scroll's $1.01 billion TVL, ETH accounted for 87.17%, stablecoins accounted for 11.22%, and others accounted for 1.61%.
Previously, L2 network Scroll launched its on-chain personality and reputation portal Scroll Canvas, where users collect on-chain achievements in the form of "badges" by interacting with projects across the Scroll ecosystem. Any project on Scroll can issue badges, and Scroll Canvas is now open for minting, and users can connect their Ethereum wallets to open it.
4. Scroll’s officially supported lending protocol Rho suffered an oracle attack link
On July 19, Scroll’s officially supported lending protocol Rho was attacked by an oracle. The root cause seems to be that malicious actors have access to and control over Oracle. USDC and USDT pools were affected. As of now, the attacker has held funds of approximately $7.6 million on multiple chains. Scroll has confirmed that the Rho Markets vulnerability is an application-specific issue, and Rho Markets is leading the response.
On the same day, the attacker sent an on-chain message to the Rho team saying that its MEV robot had profited from a misconfiguration of the Rho price oracle. "We understand that these funds belong to users and are willing to return them in full. But first, we want you to acknowledge that this was not a vulnerability or hack, but a misconfiguration on your part. In addition, please provide what steps you will take to prevent this from happening again."
5. Base Protocol Manager: Committed to making Smart Wallet the default wallet for the Base network link
According to @eekeyguy_eth's data panel, in the past week (July 8-14), the number of active smart accounts on Base reached 95.11k, of which 78.83k were newly deployed; the number of transactions executed by smart wallets (UserOps) reached 1.3 million, both of which set new records for two consecutive weeks. Jesse Pollak, head of the Base protocol, said that he is committed to making the smart wallet the default wallet for the Base network.
6. LayerZero Foundation: Final distribution of bounty hunters will be conducted on July 23 link
The LayerZero Foundation said that a provisional list of bounty hunters and other details have been uploaded to the Commonwealth platform. Bounty hunters have until 00:00 UTC on July 21 to review this provisional list. The final distribution will take place by the end of the day on Tuesday, July 23. The allocation is at the discretion of the LayerZero Foundation and is subject to change. This list should not be considered a final sybil list or reused as is. The list does not take into account unreviewed reports or reports that were later determined to be false positives.
7. HashKey platform token HSK announced cooperation with full-chain liquidity asset protocol StakeStone link
HashKey platform token HSK announced a strategic partnership with the full-chain liquidity asset protocol StakeStone. The two parties will first cooperate around HSK's airdrop activities, and plan to continue to deepen cooperation in the fields of joint marketing, ecological co-construction, and public chain construction in the future to jointly promote the development of the Web3 ecosystem. HSK is the HashKey platform token and is scheduled to be officially launched in the third quarter of 2024. HashKey Chain is the HashKey Layer 2 ecological chain. StakeStone aims to build a liquid ETH/BTC asset standard based on a highly scalable staking network.
8. Solana DEX Raydium captured a record weekly high in transaction fees last week link
According to DeFiLlama data, in the past week, Solana DEX Raydium captured $18 million in transaction fees, setting a new weekly record, surpassing Ethereum ($16.24m) and Solana ($9.31m), becoming the second highest protocol or application for fee capture after Lido. In the past week, Solana DEX transaction volume exceeded $13 billion, and Raydium's transaction volume share accounted for about 62%.
9. SHIB will change leadership and hand over project control to the community by the end of the year link
Shytoshi Kusama and Kaal Dhairya, anonymous lead developers of the MEME project Shiba Inu (SHIB), were interviewed by Arabian Business and said they got into the crypto industry after being influenced by a super-rich passenger while working as an Uber driver, and then contacted Ryoshi, the anonymous creator of SHIB. Kusama and Dhairya plan to hand over control of the project to the community by the end of this year, and the project will have a dedicated committee to lead certain things by the end of the year.
10. Binance announces the launch of the first project on the airdrop portal: Banana Gun (BANANA) link
Binance announced the first project on the airdrop portal: Banana Gun (BANANA), the ecosystem token for the Banana Gun TG robot. Users who use BNB to simply earn coins will receive airdrop allocations. Binance will list BANANA on 2024–07–20 09:00 (UTC). Binance HODLer Airdrops is a program that rewards BNB holders with token airdrops based on historical snapshots of their BNB balances.
In September 2023, Banana Gun released BANANA Token. Despite claiming to have passed two audits, an unfixable vulnerability was found in the tax contract, which allowed users to have tax dividend tokens after selling BANANA. Since the project locked up LP, it had to sell the treasury wallet to exhaust LP.
