ChainCatcher news, the Solana ecosystem algorithmic stablecoin protocol Nirvana Finance has announced that it has opened the claims for compensation and will launch Nirvana V2 on December 18 at 2:00. Original ANA holders can experience the application in advance.Previously, in July 2022, hacker Shakeeb Ahmed stole approximately $3.5 million in stablecoins by manipulating the protocol's pricing mechanism. After collaborating with the U.S. Department of Justice, Department of Homeland Security, and IRS, Nirvana successfully recovered the stolen funds, and Ahmed was sentenced to three years in prison, during which he was ordered to return the cryptocurrency and pay $3.4 million in restitution. (Jin Shi)

ChainCatcher news, according to The Block, the hybrid algorithm stablecoin protocol Frax Finance is collaborating with IQ to develop an artificial intelligence tech stack. This AIVM tech stack is a parallel blockchain developed internally within the project L2 Rollup protocol Fraxtal, utilizing a new reasoning proof consensus system. This reasoning proof mechanism employs artificial intelligence and machine learning models to validate transactions on the blockchain network.

ChainCatcher news, the stablecoin protocol Usual has completed a $1.5 million community financing round, with participation from The Echonomist, Breed Syndicate, and Comfy Capital.According to RootData, Usual is a stablecoin protocol that has launched USD, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWA). USUAL is a governance token that allows the community to guide the future development of the network. Usual addresses current issues in the stablecoin market by redistributing profits to the community and rewarding token holders with actual earnings generated from RWA.

ChainCatcher news, according to The Block, the Fuel stablecoin protocol Fluid Protocol has completed a $3.9 million seed round financing. This round was participated by Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, Relayer Capital, and others. Angel investors participating in this financing include Meltem Demirors, Kartik Talwar, Cami Ramos Garzon, Mike Silagadze, Alan Curtis, and Ben Lakoff. The funding injection from the seed round will accelerate the development and launch of Fuel Network's native stablecoin USDF, fund security audits to ensure protocol safety, and expand the team.According to Web3 asset data platform RootData, Fluid Protocol is a Fuel stablecoin protocol that allows users to withdraw interest-free loans against a single collateral type, with loans paid in Fluid's native stablecoin USDF, which must maintain a fixed minimum collateral ratio. Users will be able to redeem USDF as collateral at face value at any time.

ChainCatcher news, the CKB Eco Fund announced on the X platform that the over-collateralized stablecoin protocol Stable++ has launched on the CKB mainnet, which will achieve the following functions: generating RUSD stablecoin through over-collateralizing BTC and CKB; the first over-collateralized stablecoin on CKB for the Bitcoin and RGB++ ecosystem; future support for CKB Lightning Network and BTC Layer 2 networks.

ChainCatcher news, stablecoin protocol Usual has partnered with LayerZero. With LayerZero's cross-chain interoperability, the Usual protocol will introduce Layer 2 networks.In addition, Usual stated that it is also focusing on collaborations in CeFi and other areas, aiming to establish a seamless bridge between decentralized finance and traditional finance.

According to ChainCatcher news, the decentralized stablecoin protocol Pure.cash has officially entered the public testing phase of its mainnet, marking an important milestone in the project's development.Along with the launch of the public test version, Pure.cash will also initiate the Genesis Airdrop event, distributing its entire supply of 2 billion $PURE tokens to the community in a one-time event.Pure.cash is a decentralized, Delta-neutral stablecoin protocol built on Ethereum, integrating innovative zero funding rates and only long perpetual contracts.In addition, Pure.cash introduces a reverse issuance model, reaching its maximum supply at the Token Generation Event (TGE), after which tokens will continuously be burned. The protocol aims to ensure fair participation and long-term token value growth through a fair and community-driven distribution, as well as a continuous token burning mechanism.

ChainCatcher news, the stablecoin protocol Frax Finance has announced the launch of the domain name service FNS, which is now open for user applications. FNS is a branch of the Ethereum Name Service (ENS) within the Frax ecosystem. It retains the core functionalities of ENS, but FNS burns FXS tokens.Every year, 1,000 three-letter FNS domain names will burn 1 million FXS tokens.

ChainCatcher news, the stablecoin protocol Usual announced that its mainnet has officially launched, and a points activity has been simultaneously initiated. Early participating users can earn more Usual Pills points by providing liquidity or by minting and holding USD0++. With these points, they can obtain USUAL tokens during the airdrop period. The tokens distributed through the points activity account for 7.5% of the USUAL supply minted in the TGE. The activity starts on July 10, 2024, at 22:30 and lasts for 4 months.It is reported that Usual is a stablecoin protocol, and the USD it launched is a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWA), while USUAL is the governance token of the project.

ChainCatcher news, Bitcoin ecosystem stablecoin Satoshi Protocol announces the completion of its seed round financing. This round raised a total of $2 million, led by CMS Holdings and RockTree Capital, with participation from Cypher Capital, Side Door Ventures, Optic Capital, Metalpha (NASDAQ: MATH, a subsidiary of Bitmain), Outliers Fund, Comma3, as well as angel investors Paul Taylor (ex-BlackRock) and Yenwen Feng (Perpetual Protocol).Satoshi Protocol is the first over-collateralized stablecoin protocol in the Bitcoin ecosystem. Users can mint the dollar stablecoin $SAT by depositing BTC and other BTC-based yield-bearing assets at a collateralization rate of 110%, and participate in trading, liquidity pools, lending, and other scenarios to earn returns. Since its launch 3 months ago, the protocol has been officially deployed on BEVM and Bitlayer mainnet, and has also connected to testnets such as BOB, Botanix, B², Anduro (incubated by MARA), and Omni Network for closed testing.The team is committed to expanding the use cases of the SAT stablecoin, having reduced the interest for minting stablecoins to 0%, aiming to encourage users and projects to co-build the BTC ecosystem. The latest announcement states that Satoshi Protocol is developing a Runes stablecoin based on the Bitcoin mainnet, and is also collaborating with projects like Omni Network to bridge the Bitcoin and Ethereum ecosystems to achieve the vision of "full-chain stablecoin."

ChainCatcher news, the Stable++ team plans to develop the first over-collateralized stablecoin protocol serving the Bitcoin ecosystem and RGB++ ecosystem based on CKB. The plan is to support new Bitcoin assets such as BTC, CKB, and RGB++ as collateral, generating the first RGB++ stablecoin USDPP through the protocol, and plans to deploy it in the BTC Layer2 issued by UTXO Stack in the future. At that time, USDPP can circulate freely in the Bitcoin ecosystem through the Leap feature of the RGB++ protocol.Team members come from Google, Stanford, UC Berkeley, and CMC top 100 public chains, with rich experience in DeFi protocol design and development, accumulating a TVL of over $50M.The CKB Ecological Fund believes that through strategic investment in the Stable++ protocol, it can introduce a decentralized stablecoin based on native asset over-collateralization to the Bitcoin ecosystem and RGB++ ecosystem, further releasing liquidity in the DeFi ecosystem, and combining technologies such as RGB++ and CKB Lightning Network to unlock new scenarios for payments, lending, and more in the long term.

ChainCatcher news, according to CoinDesk, the government-backed stablecoin protocol M^0 has released its white paper, website, and other details regarding the protocol.It is reported that the M^0 team members include those from MakerDAO and Circle, and they completed a $22.5 million seed round financing led by Pantera Capital last year.

ChainCatcher news, Bitcoin L2 stablecoin protocol Bmaker's Genesis NFT floor price has increased by 4300%, with a single-day increase of 400%, according to Element's homepage, showing the highest trading volume of the day.The Bmaker team has developed an over-collateralized stablecoin protocol on Bitcoin's second layer, benchmarking against Ethereum's leading MakerDao, aiming to provide more liquidity for the BTC ecosystem. The project will conduct its first multi-chain IDO on February 2nd to increase the number of early holders.

ChainCatcher news, the Bmaker team has developed the first Bitcoin Layer 2 over-collateralized stablecoin protocol, benchmarking against Ethereum's leading MakerDao, aiming to provide more liquidity for the BTC ecosystem. The project will conduct its first multi-chain IDO on February 2nd to increase the number of early holders. This collaboration with ZAN (Powered by Antchain Open Labs) starts with contract auditing, KYC, and extends to more in-depth cooperation.It is reported that ZAN is Alibaba Antchain's WEB3 brand, providing Web3-oriented technical solutions for the Hong Kong and overseas markets, particularly focusing on security and compliance-related technology products. This includes SCR, KYT, KYC, RPC, POV, and other customized services.

ChainCatcher news, Bitcoin Layer2 over-collateralized stablecoin protocol Bmaker has completed its $1.2 million pre-seed financing, led by C3u Capital and Tangle Capital; additionally, several other investors, including Waterdrop Capital, have confirmed their intention to invest in the seed round.The Bmaker team has developed the first Bitcoin Layer 2 over-collateralized stablecoin protocol, benchmarking against Ethereum's leading MakerDao, aiming to provide more liquidity for the BTC ecosystem. The project will conduct its first multi-chain IDO on February 2nd to increase the number of early holders.

ChainCatcher news, according to CoinDesk, the founder of the stablecoin protocol Frax Finance, Sam Kazemian, stated in an interview that the company plans to launch the Layer 2 blockchain Fraxtal in February. Kazemian said, "The current timeline is the first week of February. Etherscan will support it on the first day through Fraxscan, and many projects will debut shortly after the launch."The new product will add to Frax's existing product suite, which includes Frax (a fully collateralized algorithmic stablecoin), a lending platform, an automated market maker, an inflation-linked stablecoin, FPI, and the liquid staking token frxETH. Fraxtal will utilize rollup technology. Frax's liquid staking token frxETH will power Layer 2 and serve as the gas fee for the blockchain.

ChainCatcher news, the Bitcoin Layer2 network Stacks ecosystem stablecoin protocol Arkadiko Protocol has announced its roadmap for 2024, which will include the Arkadiko 2.0 upgrade. This upgrade will improve the core architecture of the protocol to address changes in the market and technological environment over the past few years. In particular, to tackle the stability issues of its stablecoin USDA, Arkadiko will introduce a new Vault redemption mechanism that allows anyone to redeem USDA at a price of 1 dollar for arbitrage.Additionally, Arkadiko will launch a new StableSwap program and plans to achieve stablecoin liquidity through Bitflow. Arkadiko will also support the first liquidity stacking token stSTX on the Stacks blockchain, making it collateral for Arkadiko Vaults.