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Posted on Jan 05, 2022Read on Mirror.xyz

IOSG Ventures Newsletter #08

First Published on @IOSG Medium on Jul 30, 2020

Welcome to our bi-weekly newsletter date from 16th July to 29th July.

šŸ±ā€šŸ‘¤IOSG Insight

(1/5) Announcement:

Source: Synthetix

We are thrilled to announce our investment in Synthetix. Synthetix is a derivatives liquidity protocol, open for anyone to join the network and provide collateral. We believe they lay the foundation for a more sophisticated DeFi ecosystem. In the future IOSG will be supporting their push into Asian market. Letā€™s make some big changes. Read more

(2/5) Announcement:

Source: IOSG Ventures

In order to celebrate the launch of Polkadotā€™s Phase II, We are delightful to announce IOSG Venturesā€™ Polkadot Staking campaign! With only 5% commission, and KSMs to be given. The more you vote, the more you receive. Come join us! Read more

(3/5) Announcement:

We are Announcing IOSG Venturesā€™ Strategic Partnership with Avalanche. IOSG Ventures is looking forward to working closely with the Avalancheā€™s team in nurturing partnerships and collaborations with businesses in China as well as a bold and innovative developer community. Read more

(4/5) Will free lunch last?

Source: IOSG Ventures

We believe the definition of liquidity mining follows two simple criteria below:

  1. A project has its native token, and
  2. Rewards its users with the newly minted native tokens to incentivize them to use its products.

The jump of about $1 billion in deposits within one month symbolizes a beginning of a heavily innovative era in DeFi and the whole blockchain ecosystem. The dramatic growth in the value built on blockchain in the time of global crisis will persuade even the skeptical to reconsider realizing blockchain-driven innovation as part of the new normal.

(5/5) Can we trust DeFi protocols if we donā€™t know the team behind it?

According to defiprimeā€™s survey, 30.7% said no, but isnā€™t the founder her/himself for the first public blockchain anonymous? We think that in the future more and more crypto team will choose anonymity, due to reserving privacy and hedging the risk of regulatory probe; Avoiding personification of the community driven projects; Many DeFi projects donā€™t require significant financing up-front which helps them avoid private equity offerings and ICO that require thorough analysis of the team background.

šŸ±ā€šŸ‰Industry

Alchemy introduced Alchemy Monitor, a comprehensive suite of dashboards and alerts for blockchain app health, performance, and user behavior. Read more

ConsenSys launched Codefi Markets, enables OTC peer-to-peer trading for tokenization platforms and issuers seeking to provide secondary markets for their investors. Codefi Markets is built on AirSwap technology. Read more

OpenZeppelin has released a Compoundā€™s Open Oracle Uniswap V2 integration audit report. The report indicates no critical and high severity. Read more

The Bank of France has selected eight fintech companies, including Accenture, HSBC group, Euroclear and Seba Bank, to participate in the Central Bankā€™s digital currency (CBDC) pilot. Read more

Chinaā€™s Blockchain Service Network (BSN) has completed the integration of six major public chains, including Nervos, Tezos, NEO, EOS, IRISnet, and Ethereum. Read more

Reality Cards ā€” the Worldā€™s First NFT-Based Prediction Market, is announced. Read more

Bitcoin Suisse Secures CHF45 Million Through Series A Funding Round Led By Former Vontobel Investment Banking Head Roger Studer. Read more

šŸ±ā€šŸš€ Our portfolio companies

Synthetix announced dHedge, a new decentralised asset management protocol, offers non-custodial mimetic trading for synthetic assets, using the zero-slippage and infinite liquidity trading model of Synthetix. It is now live on Ropsten testnet! Read more

Conflux announced the official launch of the second phase of the network, Oceanus. This phase will aim to provide more computing power, better security and a higher degree of decentralization for the Conflux network center, and gradually introduce the miner community. Read more

A second private sale of the Polkadot token (DOT) netted the Web3 Foundation and Parity Technologies some 3,982.07 bitcoin (BTC) worth an estimated $43.3 million at press time. Read more

Polkadot has launched the first voting and will finally determine how many Planck decimal points the standard DOT has. If everything goes according to plan, the next upgrade will enable all governance functions and remove the management (Sudo) privileges of the web3 foundation, which is the third and fourth phases of the online phase. Read more

IoTeX announced the launch of the ā€œBurnDropā€ (BurnDrop) token mechanism. It is expected to burn and airdrop 1 billion IOTX tokens (10% of the total IOTX supply) to promote the first batch of one million smart devices on the chain. Read more

Celer Network (CELR) announced that it has activated the internal beta version of the Celer Hybrid Rollup Testnet on the Ethereum Ropsten testnet. Read more

šŸ¦„ About IOSG

Founded in 2017, IOSG Ventures is a research and community-driven concept.we are focusing on Open Finance, Web 3.0, and cross-chain industry. We have over 60 investments and been actively involved in various developer & DAO communities. We invest in top teams with innovative ideas, operational excellence, and a robust community, and always supportive to IOSG portfolios to grow local communities in China, the US, and Germany.

If you would like IOSG Ventures to consider your project, please send a summary of your project along with a pitch deck and/or white paper to [email protected]

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