Decentralized oracle Band Protocol has announced price feed integration with Chee Finance. DeFi protocol Perennial has managed to raise $12 million in funding. Polygon announced that it has raised $450 million in the private sale of MATIC. We have compiled the hot news for altcoin projects for our readers.
There are important news from these altcoin projects
Band Protocol collaborates with Chee Finance
Decentralized oracle Band Protocol has announced its price feed integration with cross-cain lending protocol Chee Finance. Thanks to the integration, Chee Finance will have access to Band’s price streams, which protects the protocol from data manipulation and single points of failure. Developers will also have the opportunity to develop and expand their smart contract capabilities with Band’s oracle.
DeFi protocol Perennial raises $12 million in funding
Polychain Capital and Variant jointly led a seed round for the decentralized derivatives protocol. Perennial is a decentralized finance (DeFi) platform for derivatives trading. The altcoin has raised $12 million in a seed funding round led by Polychain Capital and Variant. The funding took place earlier this year. However, the firm announced it a month after the collapse of centralized exchange FTX, which shed light on the viability of all crypto projects.
Polygon raised $450 million in funding
Polygon has announced that it has raised $450 million in the private sale of the blockchain platform’s native token MATIC. The funding round included investors such as Sequoia Capital India, SoftBank Vision Fund 2, Galaxy Digital, Galaxy Interactive, Tiger Global and Republic Capital. Additionally, distinguished industry leaders such as Alan Howard, co-founder of fund management company Brevan Howard, and Kevin O’Leary of ABC’s famed Shark Tank have also invested in this funding.
Optimism announces second round of funding
Optimism announced the second round of Retrospective Public Goods Financing yesterday. The financing includes the distribution of 10 million OP tokens to finance public goods in January 2023. These tokens will support public goods that helped develop and use OP Stack.
At the Optimism Governance Forum, it is possible for anyone to nominate a project or person between January 3 and January 17. Prospective projects or individuals must finish creating a project profile on the Gitcoin Grants Hub between January 3 and January 24 to be considered for funding. In addition, the project will launch the first version of Citizens’ House, the one-person-vote equivalent of Token House on the Optimism Collective, on this date.
This will also be the initial release of the Citizens’ House, the one-person-one-vote counterpart to the Token House in the Optimism Collective. pic.twitter.com/sC7KzCJtDr
— Optimism (✨🔴_🔴✨) (@optimismFND) December 6, 2022
Decentraland launches virtual property rental for LAND owners
cryptocoin.com As we reported, popular metaverse coin Decentranland has announced a new platform feature that allows users with virtual LANDs to basically become homeowners. Owners will now have the ability to officially lease their properties to other users on the platform for predefined periods. Thus, the altcoin project will allow users to earn passive income from their metaverse assets.
Cardano partners with zenGate
Cardano has partnered with leading Blockchain technology company zenGate Global. Under the partnership, it will bring commercial solutions to the tea market in Sri Lanka. zenGate signed a memorandum of understanding (MoU) with the Sri Lanka Tea Factory Owners Association yesterday. Accordingly, it will provide Blockchain-based solutions to the market.
zenGate will use the Palmyra ComDEX flagship product, which focuses on tokenizing commodities suitable for trading in futures and spot markets worldwide. Palmyra ComDEX creates these tokens to trade between businesses. It also provides a platform where all relevant stakeholders can easily connect.
Today was a big day for #zenGate & #PalmyraComDex
With the help of our Sri Lankan team, we signed an MOU with the Sri Lanka Tea Factory Owners' Association
Palmyra looks to utilize #Ergo NFTs, #Cardano tech as well as #Atala to bring a robust commercial ecosystem to SL 🚀💪 pic.twitter.com/PFh7gKl6Uw
— zenGate Global (@ZengateGlobal) December 6, 2022
BabyDoge is listed on another major exchange
Singapore-based cryptocurrency exchange BingX has listed BabyDogeCoin (BabyDoge) for spot trading. The exchange said in a recent blog post that it chose to list the popular cryptocurrency because of the demand. The exchange will initially offer BabyDoge under a single spot trading pair BabyDoge/USDT. Meanwhile, the altcoin will be on the list of the beta version of BingX. As such, users will be limited to $20,000 worth of BabyDoge per order. Additionally, the exchange will impose a 0.15% fee for each BabyDoge spot trading activity on the crypto trading platform.
Hashflow partners with Wormhole
Decentralized exchange Hashflow has announced its integration with Wormhole, an interoperability protocol. In this way, he will have the opportunity to develop his cross-chain trading abilities. Hashflow currently supports Ethereum, Avalanche, Optimism, Arbitrum, Polygon and BNB Chain. This partnership will make local cross-chain crypto exchanges cheaper for Hashflow users.
