Unizen announced that it will deposit 246 million ZCX tokens into its destruction and airdrop plan. Hydration announced that it received 2 million DOT Coin from the Polkadot treasury. Wintermute deposited $2 million worth of ARB on Binance. And more…
News from DOT Coin and 4 altcoins!
Unizen to deposit 246 million ZCX tokens in destruction and airdrop plan
Cross-chain aggregator Unizen has announced that it will deposit 246 million ZCX tokens into its destruction and airdrop plan. This amount is equivalent to about 36% of the circulating supply. The project will use it to reward community members for participating in the engagement. It will also phase in future activities.
Squads completes $10 million Series A financing
Solana-based multi-signature protocol Squads has completed a $10 million Series A financing round with Electric Capital, Coinbase Ventures, Placeholder VC, RockawayX, L1 Digital and Helius co-founder and CEO and Odyssey Ventures founder Mert Mumtaz participating in the financing round. The company had previously raised $12.5 million in three previous financing rounds.
Polkadot (DOT Coin) allocates $14.4 million to Hydration
Polkadot (DOT Coin) ecosystem DeFi project Hydration announced that it has received 2 million DOT Coins from the Polkadot treasury. This amount is equivalent to $14.4 million. The funds will be spent specifically to improve the liquidity and trading efficiency of Hydration’s liquidity provision platform Omnipool. Polkadot will spend one million DOT Coins within a year to attract new liquidity to its ecosystem.
In addition, the first rewards for liquidity providers (LPs) will exceed the 200% APY cap. Thanks to Hydration Omnopool’s one-sided LP design, users will start receiving rewards after providing a single asset and joining the incentive farm. Incentive assets include native stablecoins DOT, BTC and various ecosystem tokens. The remaining 1 million DOT Coins will be injected directly into Hydration Omnipool itself to support the creation of a strong and accessible native liquidity layer.
Wintermute transferred a massive ARB to Binance!
Wintermute, a major market maker, has deposited $2 million worth of Arbitrum (ARB) on Binance. Wintermute made the deposit through three wallets. Meanwhile, as you have been following on Kriptokoin.com, the market maker recently withdrew these tokens from Coinbase. This transfer is seen as Wintermute’s strategy to affect ARB’s liquidity and market presence on Binance. According to analysts, this move could lead to a downward movement in the AR price.
ZkSync introduces ZK Nation
ZkSync, an Ethereum Layer-2 network developed by Matter Labs, has introduced a new community-driven governance system called ZK Nation. “ZK Nation is a community driven by a common purpose to govern, defend and grow the zkSync protocol,” ZK Nation said in a statement. Meanwhile, the project said in the announcement that it will adopt a new governance system. The aim of this system will be to maintain the project’s decentralization guarantees.
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