Research Summary
The report covers a range of topics in the cryptocurrency sector, including Worldcoin’s extension of the unlock schedule for TFH investors and team members’ WLD tokens, Optimism’s Retro Funding 4 results, Scroll’s TVL growth, Rho’s oracle attack, Base Chain’s commitment to smart wallets, LayerZero Foundation’s bounty hunter distribution, HashKey’s partnership with StakeStone, Raydium’s record trading fees, Shiba Inu’s leadership change, and Binance’s airdrop portal launch.
Key Takeaways
Worldcoin’s Extended Unlock Schedule
- Extended Unlock Period: Worldcoin has extended the unlock schedule for approximately 80% of TFH investors and team members’ WLD tokens from 3 years to 5 years. This change will result in a 40% reduction in the daily unlock amount of WLD tokens.
Optimism’s Retro Funding 4 Results
- Allocation of OP Tokens: Optimism has allocated 10 million OP tokens to over 200 projects based on their performance metrics. Zora and Layer 3 have each been awarded 500,000 OP tokens.
Scroll’s TVL Growth
- Significant Growth: Scroll’s TVL has grown by 21.9% over the past 7 days, reaching $1.01 billion. This makes it the eighth Ethereum Layer 2 network to surpass $1 billion in TVL.
Rho’s Oracle Attack
- Security Breach: Rho, a lending protocol supported by Scroll, suffered an oracle attack, with the attacker currently holding approximately $7.6 million across multiple chains. The attacker claims the breach was due to Rho’s price oracle misconfiguration.
Binance’s Airdrop Portal Launch
- New Airdrop Portal: Binance has launched an airdrop portal with its first project, Banana Gun (BANANA). Users who earn coins by using BNB will be eligible for the airdrop distribution.
Actionable Insights
- Monitor Worldcoin’s Performance: With the extended unlock schedule for WLD tokens, it would be beneficial to monitor Worldcoin’s performance and the impact of this change on the market.
- Assess the Impact of Optimism’s Funding: The allocation of 10 million OP tokens to over 200 projects by Optimism could have significant implications for these projects. It would be worthwhile to assess the impact of this funding on the projects’ development and performance.
- Explore Scroll’s Growth: Scroll’s significant TVL growth indicates a strong performance. Further exploration of the factors contributing to this growth could provide valuable insights.
- Review Security Measures: The oracle attack on Rho highlights the importance of robust security measures in the crypto sector. It would be prudent to review and strengthen security measures to prevent similar incidents.
- Consider Binance’s Airdrop Portal: Binance’s new airdrop portal could provide opportunities for users to earn coins. It would be beneficial to consider this new feature and its potential benefits.
