A proposal for Lido DAO to contribute to @aave’s coordinated rsETH relief effort has landed on the Research Forum following this week’s Kelp's rsETH LayerZero bridge exploit.
The proposal authorizes a one-time, capped contribution of up to 2,500 stETH to a dedicated relief vehicle, solely as part of a fully funded recovery package. The proposal is designed to reduce broader ecosystem spillover and support an orderly resolution for affected users.
DeFi United. Read more below:
https://t.co/6RsmdW2R6t
Top story: 48 new participants join the European Central Bank’s CBDC trials—including the Hong Kong Monetary Authority (HKMA).
What does it signal about the future of cross-border payments?
BNP Paribas, BNY Mellon, HSBC, Société Générale, and other new participants are set to explore use cases such as domestic payments, securities settlement, and FX payment-versus-payment (PvP). In one example, Germany’s largest banks are planning to settle tokenized securities onchain using central bank euros.
However, HKMA’s inclusion may be the most significant. In collaboration with Banque de France, the central bank of France, HKMA will explore real-time, cross-border payment-versus-payment (PvP) between the tokenized form of the Hong Kong dollar and the euro.
More industry news from around the world:
1. Citi unveils its integrated digital assets platform CIDAP
Previously, the multinational launched Citi Token Services, which offered cash solutions for treasury management and trade. This new platform has the potential to go beyond cash and support initiatives around tokenized bonds, securities, and more.
2. Fractionalized bond exchange BondbloX now offers ICE Bonds
By integrating ICE Bonds into its blockchain-based platform, BondbloX provides individual investors access to U.S. corporate, municipal, and treasury bond liquidity. ICE Bonds are part of Intercontinental Exchange (ICE), alongside NYSE, crypto platform Bakkt, and various exchanges and clearing houses.
3. Investcorp and Securitize partner on fund tokenization
Investcorp, an alternative asset manager with tens of billions of AUM, is looking to bring real-world assets (RWAs) and staking strategies onchain via Securitize's blockchain tech.
4. Swiss National Bank extends wholesale CBDC trial
Switzerland’s central bank is extending Project Helvetia III by 2+ years due to its success. Around CHF 750M in wCBDCs were settled on the platform. More banks will be involved in the next stage of the pilot.
5. Asset manager VanEck files for Solana ETF
Asset manager VanEck is the first to file for a Solana ETF in the U.S., six days after 3iQ files for a similar product in Canada. VanEck launched its spot Bitcoin ETF in January.
6. Banque de France releases results of wholesale CBDC trial for digital bonds
Banque de France chose this week to release the results of Project Venus—a successful experiment demonstrating how DLTs and wholesale CBDCs can be used for digital bond issuance and settlement. The wCBDC solution is the same one to be used in the ECB trials.
7. Five Japanese banks collaborate on digital identity solution
Japan’s big three banks (MUFG, SMBC, and Mizuho), along with two regional banks (Fukuoka Financial and Shizuoka), aim to provide a DLT-based identity solution that enables users to open bank accounts, invest in securities, and access credit cards via a mobile app.
Sources below ↓
Brand New Tectum Gift Cards!
In a new alliance with @fromDEFItoCASH, Tectum token holders can now turn $TET into fiat in less than 15 minutes!
Choose from Visa, Mastercard, Adidas, Nike & more:
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This incredible news will not only enhance visibility & awareness, but ultimately contribute to mass acceptance of $TET in the global crypto market!
Visit: https://t.co/VopPDddD1m to get a card!
$BTC ATH updated, now it's altcoins' turn.
The chance to make millions in this cycle is ripe.
AI, DePIN, RWA, GameFi, L1, Memes are the most powerfull narratives.
Here are my 12 altcoin picks with 100x potential 🧵⬇️
🏮🧨 @uxlinkofficial is participating in the @peoplemint_io x @DeBox_Social x @QuestN_com 2024 DRAGON New Year & LOVE Gift Giveaway💕🏮
🎁 USDT+$UXUY airdrop
📅 8 Feb - 14 Feb
✅ Join: https://t.co/q0d4oTIAcz
UXUY is the reward system for UXLINK's community and ecosystem development, solely based on a transparent Proof of Link (POL) mechanism.
UXUY = UXLINK Utility Token
GasMo World: Dawn of Gas Hero 🦸
🎮 Gas Hero Public Beta, the Web3 Social-Strategy game by Find Satoshi Lab (@FSLWEB3) ~ creators of the Web3 trailblazer @STEPNOfficial ~ is now LIVE!
🪙 Dive into the game exclusively on Polygon PoS. With the GMT token fueling its dynamic economy, get ready for unparalleled social-strategy experiences.
📈 The numbers speak volumes! Gas Hero x #STEPN Badges & Coupons have soared past all other collections on Polygon PoS before launch. Kudos to our incredible community!
📜 Curious about the game's depths? Explore the Gas Hero Whitepaper. Will you aim for Power as a World Elder? Seek Wealth in bustling markets? Or chase Glory in exhilarating battles?
🌐 Experience the future of trading with @MOOAROfficial Marketplace. With its advanced features, enjoy seamless in-game and external trading. Real-time sync, offering both depth and speed!
💌 Ready to join the revolution? A simple email sign-up and you're in! Gas Hero even sets up a wallet for you ~ a smooth transition for #web2 gamers entering the #web3 world.
⚔️ New to Gas Hero? Test the game with four FREE heroes. Embark on your epic journey today!
➡️ https://t.co/AWjUMRnbAK
#GasHero #PlayingGasHero #MOOAR
#CryptoNews: Diana Mondino, #Argentina's Minister of Foreign Affairs, International Trade, and Worship, has asserted that a recently passed decree legalizing the use of certain currencies in contracts. 👀
https://t.co/8yeTwy1Xke
Avalanche $AVAX has the potential to be the next chain to distribute tons of free money.
Looking for the next massive $10,000 airdrop?
Here's how to get it 🧵⬇️
🏗️ #ChainlinkBUILD 🏗️
@bondexapp is joining Chainlink BUILD to gain enhanced access to Chainlink's industry-leading oracle services and technical support, which helps support the security and use of its Web3 talent market.
In return, Bondex will make 3% of its total native token supply available to Chainlink service providers, including stakers.
https://t.co/ggpWzYXGf8
With over 3M downloads and 300K daily active users, Bondex’s blockchain-focused talent network is transforming the job market for Web3 builders. The platform enables users to grow their onchain reputation through positive actions such as successful job referrals, which are “bonded” to ensure constructive member interactions. Ultimately, Bondex aims to create an Internet of Jobs onchain.
As part of BUILD, Bondex will receive key benefits, including access to and integration of Chainlink Automation to trigger rewards for positive actions and Chainlink CCIP to connect its platform across the multi-chain ecosystem, as well as access to new Chainlink product alpha and beta releases, among other benefits.
Explore Bondex: https://t.co/Z7E526jM4q
bought a digital twin of these sneakers on @mynaswap using $usdc on @avax
redeemed the digital twin on black friday, and they’re already here.
the real rwa narrative isn’t t-bills, it’s tokenizing in-demand goods such as sneakers.
#Chainlink Staking v0.2 launches in 7 days on November 28 at 12PM ET, starting with Priority Migration ⬡
Learn more about v0.2 in this comprehensive blog post, recently updated with key parameter details such as unbonding period, reward rates, and more👇
https://t.co/PVuaONVeTA