Starknet

Renzo

Base

Foundation

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 1. Starknet Foundation Announces Airdrop Redistribution of STRK to Three User Categories link
 The Starknet Foundation has announced that it will distribute STRK tokens through a retroactive airdrop to three categories of users: Pooled stakers, StarkEx users mistakenly identified as VeVe users, and actual VeVe users.
 Regarding Pooled stakers, the foundation initially intended to distribute STRK to eligible stakers through the staking protocols they use. However, many staking protocols were unable to complete the distribution task. The supported protocols or entities currently include Lido, Rocket Pool, BloxStaking, SharedStake, stakefish, Consensys, and Ankr Staking. Qualified recipients will be able to claim their STRK directly through the Provisions website.
 2. Base Network Reaches Total Supply of 2.46 Billion Native USDC and Bridged USDC link
 Jesse Pollak, head of the Base protocol, referenced USDC pool data to indicate that the total amount of native USDC and bridged USDC on the Base network has reached 2.46 billion, surpassing Solana (2.45 billion) and second only to Ethereum (238.2 billion). However, the native USDC on Base is at 2.38 billion, slightly lower than Solana’s 2.45 billion. USDC is the primary stablecoin on the Base network, and according to growthepie data, the overall stablecoin market value on Base has grown by 260% in the past month, making it the second largest Ethereum L2 stablecoin market value behind Arbitrum.
 Additionally, the number of daily contract deployers on the Base network recently reached 21,700, setting a new historical record. Contract deployers refer to the number of externally owned accounts (EOAs) initiating transactions to create smart contracts. Previously, Jesse Pollak, the head of the Base protocol, stated that the goal for Base is to reach 1 million developers.
 3. Merlin Chain: Unstaking of BTC Now Available link
 The founder of Merlin Chain, a Bitcoin Layer 2 solution, announced on Twitter that Merlin Chain has opened up BTC unstaking. If users have not previously claimed M-BTC, they can directly withdraw BTC back to Layer 1. After paying the gas fee, the BTC will arrive in the Layer 1 BTC wallet after 3 days, or it can be withdrawn back to their Layer 2 wallet without a gas fee, arriving in the Layer 2 wallet address in approximately 24 hours. If users have previously claimed M-BTC, they can now swap M-BTC 1:1 for BTC and then continue trading or use a cross-chain bridge to return to Layer 1. Users’ wallets must have sufficient gas to complete this operation. Please note that the AA wallet on Merlin is currently congested, so it’s recommended to perform swaps during off-peak hours.
 4. EOS Network Foundation Releases New Token Economics for EOS link
 Yves La Rose, CEO of the EOS Network Foundation, has announced a new token economics plan for EOS, reducing the maximum total supply from the original 10 billion to 2.1 billion. The distribution plan includes the existing circulating supply of 1.15 billion (54.8%), with additional allocations for staking rewards of 250 million (11.9%), the EOS Network Foundation with 150 million (7.1%), block producers with 100 million (4.8%), RAM market with 350 million (16.7%), middleware with 15 million (0.7%), and EOS Labs with 85 million (4%). This EOS distribution plan spans over 4 years and will follow a “halving” model similar to Bitcoin’s over this period.
 5. Terraform Labs to Restrict Access for US Users link
 Following the decision by the U.S. Securities and Exchange Commission (SEC), Terraform Labs will restrict access for U.S. users. Additionally, the company will begin withdrawing $23.8 million worth of LUNA liquidity from the Astroport, Ura, and White Whale platforms starting on April 26. Previously, the SEC had filed a motion seeking a judgment against Terraform Labs and its co-founder Do Kwon to pay approximately $4.7 billion in restitution and prejudgment interest, along with a total of $520 million in civil penalties.
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 6. Tools for Humanity, The Company behind Worldcoin, Hints at Imminent Collaborations with Major Tech and Financial Firms link
 The company behind Worldcoin, Tools for Humanity, has hinted at potential partnerships with major technology and financial firms. CEO Alex Blania mentioned a potential collaboration with OpenAI, stating, “How we might work together is a natural fit, but we’re not ready to announce anything yet.” Blania also noted discussions with PayPal but indicated that specific progress had not been made.
 Three Arrows Capital participated in Tools for Humanity’s $25 million funding round in October 2021, valuing the company at $1 billion. SBF is also an early investor in the company. Sam Altman, co-founder of OpenAI, is also a co-founder of Worldcoin. Worldcoin previously announced that its subsidiary, World Assets Ltd., plans to sell WLD tokens from the World Assets treasury in the coming months.
 7. MakerDAO Captures Nearly 40% of DeFi Profits on Ethereum in the Past 6 Months link
 Syncracy Capital co-founder Ryan Watkins released a study on MakerDAO, revealing that MakerDAO has captured nearly 40% of DeFi profits on Ethereum in the past 6 months. The key to its success lies in DAI, which maintains a currency premium. Maker’s annual revenue exceeds $400 million, surpassing all projects in the industry except Ethereum, Tron, and Solana. However, Maker’s price-to-earnings ratio has been suppressed. The launch of “Endgame” could potentially reverse this situation, bringing billions of dollars in fee opportunities and a project valuation of $400 billion to Maker. The Morpho Vault launched through Spark has provided Ethena with a $1 billion credit line, generating $70 million in annual revenue for Maker with only 300 million DAI in use. The first subDAO Spark may launch with a valuation of $25 billion to $50 billion, providing incentives of $500 million to $1 billion for DAI holders.
 8. SAFE Token Enables Market Circulation link
 On April 23rd, the SAFE token officially enabled transfer functionality, with both OKX and Coinbase announcing the listing of the SAFE token.
 SAFE, formerly known as Gnosis Safe, initially started as a multi-signature tool developed by the Gnosis team to manage ICO funds. Later, the team decided to expand this internal tool into a public service. In July 2022, Safe announced a strategic financing round of $100 million led by 1kx, valuing the project at $1.25 billion. Safe is the largest account abstraction wallet in Web3, safeguarding assets exceeding $100 billion.
 9. Zircuit Reports TVL Surge to Over $2 Billion in Staking Program link
 Zircuit, a ZK Rollup platform integrating parallel circuits and AI security, announced today that its Total Value Locked (TVL) in the staking program has surged to over $2 billion within just 2 months. Zircuit’s staking program allows users to earn Zircuit points by depositing assets, which can later be migrated to Zircuit’s mainnet upon launch. Users can deposit ETH, LST, LRT, and USDe to earn Zircuit points. Currently in the testing phase, Zircuit plans to launch its mainnet in the summer of 2024.
 10. Binance Launchpool Introduces Liquidity Re-staking Protocol for the 53rd Project, Renzo (REZ) link
 Binance Launchpool has introduced the 53rd project, the liquidity re-staking protocol Renzo (REZ), which will go live on April 30, 2024, at 12:00 (UTC). The EZ trading pairs REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD, and REZ/TRY will be available. REZ has a maximum supply of 10 billion tokens, with Launchpool retaining 2.5% and an initial supply of 1.05 billion tokens, accounting for 10.5%.
 Following Binance’s listing announcement, Renzo tweeted an update based on community feedback regarding token claim timelines, tokenomics, and airdrop eligibility. Specifically:
 Snapshot time remains unchanged on April 26.
 Token claiming date is now April 30, one hour before the Binance listing.
 Community token allocation increases from 30% to 32%, while airdrop allocation increases from 10% to 12%. The first-season total supply increases from 5% to 7%, with the additional 2% covered by liquidity and foundation. The allocation for the second season remains at 5%.
 Airdrop eligibility requires a minimum of 360 ezPoints per wallet. Most eligible wallets (over 99%) will unlock fully at TGE, while wallets with over 500,000 ezPoints will unlock 50% at TGE, with the remainder vesting linearly over 3 months.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/weekly-project-updates-binance-launches-renzo-on-launchpool-eos-introduces-new-tokenomics-safe-begins-circulation-etc-tbt86769.html">https://thebittimes.com/weekly-project-updates-binance-launches-renzo-on-launchpool-eos-introduces-new-tokenomics-safe-begins-circulation-etc-tbt86769.html</a>

Weekly Project Updates: Binance Launches Renzo on Launchpool, EOS Introduces New Tokenomics, $SAFE Begins Circulation, etc

TheBitTimes

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