ChainCatcher news, on-chain credit risk management company Cicada Partners has completed a $9.7 million Pre-Seed funding round, led by Choppa Capital, with participation from Bitscale, Bodhi Ventures, and Shiliang Tang. The funds raised will be used to provide seed capital for multiple new non-custodial lending pools and to conduct research and development on new blockchain lending use cases.

ChainCatcher news, a16z Crypto announced this week the open-source on-chain privacy voting system Cicada, aimed at achieving on-chain privacy voting on the Ethereum blockchain by utilizing time-lock puzzles and zero-knowledge proofs to minimize trust assumptions.a16z Crypto developer Michael Zhu stated on social media that the existing on-chain voting functionality of Cicada "is not yet ready for high-risk real-world use cases," while citing Ethereum co-founder Vitalik Buterin's article on blockchain voting, which claims that "blockchain voting is overestimated among the uninformed but underestimated among the informed." However, Michael Zhu believes that the related issues can be resolved in the future. (source link)