Review of the key news from the weekend:
[The total value of Base network locked positions exceeded 2 billion US dollars, an increase of 38.6% in the 7th day]
According to L2BEAT data, the total locked value (TVL) of the Base network exceeded US$2 billion, an increase of 38.6% in the 7th day, continuing to hit a record high.
[Ether.fi will airdrop 50 million tokens in the second quarter, accounting for 5% of the supply]
The non-custodial liquid staking protocol Ether.fi announced that the second quarter airdrop "StakeRank" will start from March 15 and end on June 30. 50 million tokens will be airdropped in the second quarter, accounting for 5% of the supply. . It is designed to provide higher loyalty point rewards for users who use ether.fi to stake for longer periods of time. The longer the staking period, the higher the loyalty point rewards users receive.
[ Polygon zkEVM blockchain resumes operation after more than 10 hours of interruption]
The Polygon zkEVM Ethereum L2 blockchain suffered an outage on March 23, failing to sequence new blocks for more than 10 hours. The Polygon zkEVM block explorer shows that on March 23, there was an approximately 10-hour outage while consecutive blocks were successfully ordered and added to the chain.
The Polygon zkEVM outage did not affect Polygon's main blockchain or any chains designed using the Polygon Chain Development Kit (CDK). "We look forward to releasing the second generation zkEVM in the coming weeks," the company wrote.
The Polygon zkEVM team has officially acknowledged the incident and plans to release a post-mortem.
[ Animoca Brands has signed a memorandum of understanding with Saudi KACST]
According to the South China Morning Post, Hong Kong blockchain gaming unicorn Animoca Brands has signed a memorandum of understanding (MOU) with Saudi Arabia’s King Abdulaziz City for Science and Technology (KACST).
In addition, the South China Morning Post previously disclosed that Animoca Brands has received US$50 million in financial support from Neom Company, a smart city project under the Saudi Public Investment Fund. Yat Siu , co-founder and chairman of Animoca Brands, said that the signing of the MOU this time is to get into the bottom layer of Saudi Web3 development and explore opportunities to participate in the early stages of development.
[Founder of Ava Labs: We need to be highly vigilant against junk L2 projects]
Ava Labs founder Emin Gün Sirer tweeted a warning that the cryptocurrency field needs to be highly vigilant against junk L2 projects. It is now very easy to build junk L2 networks, and it is also easy to change every other day like some chains, and some People are just imitating real people who do real things and want to take pictures with Vitalik.
Emin Gün Sirer listed several characteristics of junk L2 projects, such as:
The project description does not meet the technical reality. For example, centralized orderers and L2 networks lacking fraud proofs are antithetical to cryptocurrencies.
The project sells tokens to raise funds, but the future technology is not yet clear, and such behavior may constitute a securities issuance.
The founder sold off personal tokens before launch, violating team restrictions. 8 Figure Sales using "thank you employees" reasons is similar to what SBF does.
There are very few tokens in circulation and lending may be manipulated.
It is recommended to judge the value of a project by examining whether it solves the biggest problems currently facing cryptocurrencies.
[Zhu Su: Venture capital institutions gave up the friend.tech quota and chose to allocate 100% to the community, indicating a paradigm shift to a better token economic model]
Zhu Su, co-founder of Three Arrows Capital , said on social media that the venture capital institution gave up the friend.tech quota and chose to allocate 100% to the community, which heralded a paradigm shift towards a better token economic model. Zhu Su said that the staking layer can withdraw transaction fees, and the tokens can circulate freely without considering the unlocking schedule and the impact of bearish unlocking.
It is reported that friend.tech posted on the social platform that it would distribute points from venture capital institutions such as Paradigm to users.
[ ZigZag : ZZ token holders should try to obtain compensation on their own, ZKasino ’s $40 million ecological fund is fake]
zkSync ecological DEX ZigZag tweeted that many people have recently accused the decentralized betting platform ZKasino team of defaulting on payments or defrauding them in some way. Meanwhile, multiple former employees and contractors say they have unpaid invoices and were not paid for their work. One of the investors said that the fundraising revenue was false, and possibly even the fundraising and valuation were false.
ZigZag raised $15 million, but the funding was controlled by ZKasino’s founder, ZigZag said. ZKasino's initial funding was stolen from ZigZag Treasur y , and the ZKasino founders were 3/5 signers of ZigZag's multisig, so they were able to use the funds to fund their own activities.
ZKasino has been asked to return approximately $1 million, but has yet to receive any compensation, so ZZ token holders should now try to obtain compensation on their own.
At the same time, ZigZag pointed out that the $40 million ecological fund announced by ZKasino is not real and will likely never be disbursed in any real currency.
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