The milestone was shared by CEO Vlad Tenev, highlighting what appears to be substantial initial traction for the firm’s Layer 2 initiative.

A Layer 2 Built for Tokenized Finance

Robinhood Chain is designed as an Ethereum Layer 2 network built on Arbitrum, leveraging the scalability and cost-efficiency benefits associated with rollup-based infrastructure. Operating within the Ethereum ecosystem, the network aims to support high-throughput financial applications while remaining permissionless.

Before opening to the public, the chain underwent six months of private testing. It is architected to natively support tokenized equities, ETFs, and other real-world assets (RWAs), reflecting Robinhood’s long-term commitment to bringing traditional financial instruments onchain. The infrastructure is tailored for near-instant settlement and continuous trading environments, aligning with the company’s broader push toward modernizing capital markets.

Developer Activity and Strategic Direction

According to Tenev, developers have already begun building applications focused on tokenized RWAs and onchain financial services. The rapid accumulation of transactions during the first week suggests meaningful experimentation and early-stage adoption across the developer community.

To strengthen the ecosystem, Robinhood has integrated several established Web3 infrastructure providers, including Alchemy, LayerZero, and Chainlink. These partnerships are expected to enhance interoperability, data reliability, and developer tooling across the network.

Despite a 38% year-over-year decline in crypto transaction revenue to $221 million in the fourth quarter of last year, Robinhood continues to expand its tokenization roadmap. The company has announced plans to extend its tokenized stock offerings with features such as 24/7 trading, near real-time settlement, and self-custody capabilities.

While a specific launch date has not yet been disclosed, the mainnet debut of Robinhood Chain is anticipated later this year. The strong early performance of the testnet reinforces Robinhood’s strategic commitment to building financial infrastructure onchain.

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The largest token unlocks in October will take place on the Grass network with $144 million worth of tokens. In second place comes the Plasma (XPL) network, with a $92 million unlock. Other altcoins will also see small and mid-sized unlocks, offering additional opportunities for investors.

Key Unlocks and Dates

• Ethena (ENA) – October 2
  Unlock: 40.6M tokens ($23.7M), 0.62% of circulating supply.
  This unlock will provide ENA with additional liquidity and may create buying opportunities for retail investors.

• Immutable X (IMX) – October 2
  Unlock: 24.52M tokens ($17.6M), 1.26% of circulating supply.
  For IMX, this unlock means tokens allocated for ecosystem projects will enter circulation.

• Linea (LINEA) – October 10
  Unlock: 480M + 600M long-term tokens ($28M), 6.57% of circulating supply.
  LINEA will view this period as a critical opportunity for ecosystem development and liquidity support.

• Aptos (APT) – October 11
  Unlock: 11.3M tokens ($52.2M), 2.15% of circulating supply.
  APT investors should expect short-term volatility and increased liquidity.

• Aethir (ATH) – October 12
  Unlock: 1.26B tokens ($65.4M), 16.08% of circulating supply.
  This massive supply increase could significantly boost ATH’s trading volume and volatility.

• Starknet (STRK) – October 15
  Unlock: 127M tokens ($18.24M), 5.64% of circulating supply.

• Sei (SEI) – October 15
  Unlock: 55.5M tokens ($16.25M), 1.15% of circulating supply.

• Arbitrum (ARB) – October 16
  Unlock: 92.6M tokens ($40M), 1.99% of circulating supply.

• Fasttoken (FTN) – October 18
  Unlock: 20M tokens ($40.4M), 2.04% of circulating supply.

• Kaito (KAITO) – October 20
  Unlock: 8.35M tokens ($12.5M), 3.06% of circulating supply.

• Plasma (XPL) – October 25
  Unlock: 20M tokens ($88.89M), 6.84% of circulating supply.
  This unlock may help restore confidence in the XPL market after recent FUD rumors.

• Grass (GRASS) – October 28
  Unlock: 181M tokens ($145.4M), 72.4% of circulating supply.
  Grass will lead October with the largest unlock, providing significant market liquidity.

• Jupiter (JUP) – October 28
  Unlock: 53.47M tokens ($24.5M), 1.72% of circulating supply.

Outlook

The major token unlocks in October bring both opportunities and risks for investors. Large releases such as Grass and Plasma could exert selling pressure in the short term, while medium and smaller unlocks across other altcoins may offer investment opportunities.

For crypto investors, closely monitoring market movements during this period will be crucial to anticipate liquidity changes and potential price fluctuations. In the long run, token unlocks play a key role in strengthening ecosystems and improving token liquidity.

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What is Union (U)? What Does It Aim to Achieve?

Union aims to deliver a secure, fast, and cost-effective interoperability solution for the blockchain ecosystem. It overcomes the centralization, high costs, and performance limitations of traditional bridging systems through zero-knowledge technology. CometBLS provides an optimized consensus mechanism tailored for ZK proofs compared to Tendermint, while Galois generates proofs for 128 validators in just 7 seconds, ensuring a low-cost, censorship-resistant, and decentralized system. Union makes cross-chain asset transfers secure and transparent, supporting the development of DeFi protocols and Web3 applications on a decentralized infrastructure. By enhancing horizontal scalability, Union strengthens Web3’s potential to become a global financial system.

CometBLS and Galois

CometBLS is Union’s consensus mechanism, leveraging Boneh-Lynn-Shacham (BLS) signatures to reduce transaction verification costs. This system supports hundreds of validators and offers resilience against quantum attacks. BLS signatures enable aggregated verification, reducing transaction size and on-chain computation costs compared to ECDSA. The MiMC hash function enhances performance in ZK circuits, further optimized in CometBLS V3. Epoch-based validator rotation minimizes light client updates, boosting relayer profitability and lowering user fees. Future enhancements, such as Verkle Trees, will further reduce proof times and costs.

Galois, Union’s zero-knowledge proof system, is built on three core principles: speed, low cost, and censorship resistance. Using the Gnark zk-SNARK library and gRPC, Galois generates proofs for 128 validators with 5GB of RAM in 7 seconds, enabling proof production on entry-level consumer laptops. This reduces reliance on expensive cloud infrastructure and promotes decentralization. Planned upgrades include Verkle Tree support, formal verification with Lean, and proof caching to minimize redundant work and encourage decentralized sequencer orchestration.

Connections and Channels

Union replaces single-chain connections with multi-connection and channel standards. Direct connections enable single-hop communication, while recursive connections support multiple hops via statelens. Each connection encodes a finality mechanism (e.g., soft or hard finalization on Arbitrum) and security level. Channels support various protocols and operate independently of connection type. This design abstracts complexity for developers and users, making connections function like simple sockets. Union’s Voyager relayer uses finite state machines to ensure data integrity and fast startup times, processing transactions in parallel for enhanced speed and reliability.

Union (U) Tokenomics

The Union token (U) is an ERC-20 token with a total supply of 10 billion and an initial circulating supply of 1,919,050,000. As the network’s native gas token, U serves three primary functions:

• Dynamic Fee Market: Used for proof aggregation, light client updates, and cross-chain operations. Participants can pay higher fees for priority transactions.

• Network Security: Validators and delegators stake U to secure the network and earn rewards. Cross-chain staking supports participation from chains like Ethereum.

• Cross-Chain Governance: U holders vote on parameter changes, validator updates, and protocol upgrades, contributing to governance decisions.

Token Distribution

• Community Incentives: 12% (4% at TGE, 8% for future airdrops and liquidity incentives)

• Ecosystem: 14.1% (40% at TGE, 2-year linear vesting; for developer programs, grants, and partnerships)

• DAO Treasury: 12.5% (12.5% at TGE, 3-year linear vesting; for community-driven governance)

• Foundation: 20% (40% at TGE, 2-year linear vesting; for network development and operations)

• Strategic Investors: 21.4% (1-year cliff, 1-year linear vesting)

• Core Contributors: 20% (1-year cliff, 2-year linear vesting)

U launches with a 6% annual inflation rate, decreasing by 10% yearly until reaching a long-term rate of 2%. Staking rewards for locked tokens are locked for 12 months and managed by the Union Foundation for ecosystem incentives. The Union Staking Vault, integrated with Tower DEX’s U/eU pool, offers 120-140% reward rates through liquidity provision and arbitrage. Users receive vU tokens representing their vault positions.

Union (U) Investors

Union has raised $12 million, with investors including Sandeep Nailwal (angel investor), LongHash Ventures, gumi Cryptos, Borderless Capital, Foresight Ventures, Blockchange Ventures, TRGC, Gate Ventures, Presto Labs, Tioga Capital Partners, Dispersion Capital, LBank, TPC, Ambush Capital, Veris Ventures, AGE Fund, Keplr, CelestineSloths, and angel investors Zaki Manian, Rushi Manche, Michael Heinrich, Anurag Arjun, Ekram Ahmed, Jack Zampolin, Sinan Koc, Jon Kol, Murat Akdeniz, Orkun Kilic, Elias Tazartes, Shane Vitarna, Dean Tribble, and ATOM Accelerator.

Union Team

Union is led by a skilled team:

• Karel Kubat: Founder and CEO

• Cor Pruijs: Co-Founder and CTO

• Abdullah Eryuzlu: Co-Founder and Software Engineer

• Emir Beriker: Co-Founder and Head of Strategy

• Hussein A.: Co-Founder and Principal Engineer

• Ben Luelo: Co-Founder

• Connor Davis: Co-Founder and Engineer

• Sarah Luehrs: COO

• Stephen Gee: CMO

• Smokey the Bera: Advisor

Union leverages zero-knowledge technology to build a secure, fast, and cost-effective bridge between blockchains, empowering the future of DeFi and Web3. Its decentralized and scalable infrastructure supports horizontal scalability and establishes a reliable interoperability standard.

Official Links

• Website
• X (Twitter)
• Whitepaper

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What Is Quack.AI (Q)?

Quack.AI supports a complete governance lifecycle. Proposals are analyzed by AI models, assigned risk scores, and processed through automated voting and execution workflows. The platform introduces autonomous agents that act on behalf of token holders, verified through Soulbound Tokens (SBTs) to ensure only authorized entities participate in decision-making.

Quack.AI is compatible with various blockchain ecosystems, including BNB Chain, Base, Arbitrum, Linea, Avalanche, Metis, Taiko, and DuckChain. This cross-chain functionality allows decentralized autonomous organizations (DAOs) and other governance-driven systems to maintain consistent processes across diverse infrastructures.

Backed by prominent investors from the blockchain and technology sectors, such as Animoca Brands, DWF Ventures, Kenetic Capital, Skyland Ventures, 071Labs, Scaling Labs, CARV Labs, and Merlin Chain, Quack.AI leverages a modular approach and AI integration to streamline governance for decentralized communities, delivering efficient, secure, and scalable decision-making.

Challenges in Web3 Governance and Quack.AI’s Solution

Web3 governance today faces significant hurdles. Most DAOs rely on slow, manual, token-weighted voting systems that are prone to manipulation, lack scalability, and are rarely autonomous. As Web3 ecosystems expand across chains and use cases, governance must evolve from basic polling to intelligent, automated decision-making systems.

Quack.AI serves as the AI-driven governance layer for Web3, offering a modular infrastructure that automates proposal creation, risk evaluation, power delegation, and action execution across multiple chains. It transforms static voting dashboards into real-time, AI-native systems, eliminating human bottlenecks.

Unlike governance protocols limited to voting, Quack.AI provides an end-to-end solution:

• Proposal Engine: AI filters, ranks, and scores proposals in real time.

• Delegation Layer: Token holders can delegate to trusted AI agents with on-chain reputation.

• Execution Router: Approved proposals are executed trustlessly across chains.

• Treasury and Rewards: Automated triggers enable airdrops, point systems, and treasury flows.

With support for BNB Chain, Arbitrum, Metis, DuckChain, and upcoming compatibility with Solana, TON, and Base, Quack.AI is a chain-agnostic layer that any ecosystem can integrate.

A New Governance Paradigm

Quack.AI is not just a tool or protocol—it is the governance layer for Web3. It provides a foundational infrastructure for building intelligent, scalable, and compliant governance systems for DAOs, decentralized applications (dApps), and institutions. By leveraging AI agents and modular smart contracts, Quack.AI removes complexity, delays, and subjectivity from on-chain decision-making, marking the beginning of machine-native governance where agents manage, execution is instant, and coordination transcends human limitations.

Why AI-Powered Governance?

Decentralized governance is a cornerstone of blockchain ecosystems, empowering users to influence network decisions. However, low participation, inefficiency, and vulnerability to manipulation hinder its potential.

Shortcomings of Traditional DAO Governance

• Low User Participation: Voter turnout in major DAOs averages below 8%, often dominated by large token holders or founding teams.

• Inefficient Governance: The proposal-discussion-voting-execution cycle can take days or weeks.

• Technical Barriers: Voting and proposal submission require complex chain interactions, deterring non-technical users.

• Proposal Evaluation Challenges: Technical proposals are hard for users to understand, lacking standardized outcome simulation tools.

• Manipulation and Security Risks: Large accounts can sway governance, and most DAOs lack robust risk control mechanisms.

Quack.AI’s Solutions

Quack.AI automates proposal scoring, enables AI-agent voting, and ensures real-time cross-chain execution. Key benefits include:

• AI-Driven Proposal Analysis: Evaluates proposals using on-chain data and historical governance patterns.

• Delegated Agent Voting: Users can assign AI agents to vote on their behalf, ensuring informed participation.

• Autonomous Execution: Proposals are executed instantly via cross-chain smart contracts.

• Preference-Aligned, Unbiased Governance: AI agents reflect user intent, free from manipulation or emotional bias.

Vision and Objectives

Quack.AI is the AI governance layer for Web3, automating decision-making, execution, and risk-aware coordination across chains. Unlike single-chain voting tools, it is modular and chain-agnostic, enabling real-time governance for DAOs, enterprises, and communities.

Cross-Chain Integration

Quack.AI is active across over 40 ecosystems, including DuckChain, BNB Chain, Metis, Arbitrum, and zkLink. DuckChain was the first to fully implement Quack.AI’s infrastructure, with numerous projects adopting it to automate proposal flows, streamline treasury management, and delegate governance to AI agents.

Core Objectives

Quack.AI’s governance goals are built on automation, transparency, and accessibility:

• AI-Driven Governance Automation: Automates proposal processing, voting execution, and predictive modeling.

• Transparency and Data-Driven Decisions: AI generates governance reports, analyzes community sentiment, and filters malicious behavior.

• Accessibility and Participation Optimization: Enables delegation to AI agents and simplifies cross-chain governance participation.

Quack.AI combines AI efficiency with human intent to create a fast, fair, and inclusive governance standard.

For Governance Participants

Quack.AI’s Implementation on DuckChain

Traditional governance requires constant monitoring, analysis, and voting, limiting participation and slowing decisions. Quack.AI offers an autonomous, AI-powered governance layer across over 10 chains, including BNB Chain, Arbitrum, Metis, and DuckChain. Holders of $DUCK tokens, Genesis SBTs, or AI Passports can delegate governance tasks to AI agents for real-time, risk-aware, and unbiased execution.

Quack.AI Passport

• Users mint a Quack.AI Passport NFT, a gas-fee-based credential enabling voting, delegation, and reward access.

• Over 3 million Passports have been minted across BNB Chain and EVM-compatible chains.

• The Passport serves as an on-chain identity within Quack.AI’s governance layer.

Q1-Q3 Progress

• AI-Powered Proposal Analysis: Agents evaluate proposals using on-chain data and sentiment analysis.

• Autonomous Voting and Delegation: Users delegate to AI agents for instant decision execution.

• Rewarded Participation: Over 20,000 Genesis SBT holders and 3 million Passport users have engaged with governance modules.

On DuckChain, 20,000 Genesis Members delegated governance via SBTs to AI agents, generating over $3.5 million in revenue and earning $DUCK rewards.

For Developers

Quack.AI is a modular AI governance layer that powers end-to-end decision automation, execution, and risk-aware coordination. Developers can integrate Quack.AI into dApps, protocols, or ecosystems to access:

• AI-generated proposal insights

• Delegated AI voting mechanisms

• Autonomous execution workflows

• Real-time governance analytics

• On-chain reward and treasury automation

Active in over 40 projects across chains like BNB Chain, Arbitrum, Metis, Ethereum, and DuckChain, Quack.AI offers governance APIs and analytics tools for seamless integration.

Governance Hub

Quack.AI provides a cross-chain AI governance hub where communities, DAOs, and institutions interact with AI-powered governance in real time. Key features:

• AI-Driven Governance Dashboard: Displays live proposals, voting statistics, and AI-generated reports.

• Proposal Interaction and Voting: Users submit proposals and delegate votes to AI agents.

• Treasury and Reward Monitoring: Tracks revenue sharing, staking, and historical governance data.

Quack.AI (Q) Tokenomics

• Marketing and Growth: 6%

• Treasury: 11%

• Initial Airdrop: 12%

• Ecosystem and Partnerships: 15%

• Core Team: 10%

• Community: 30%

• Investors and Advisors: 11%

• Liquidity: 5%

Quack.AI Investors and Backers

Quack.AI is supported by leading blockchain and technology investors, including Animoca Brands, DWF Ventures, Kenetic Capital, Skyland Ventures, 071Labs, Scaling Labs, CARV Labs, and Merlin Chain. These backers strengthen Quack.AI’s Web3 governance vision and contribute to its ecosystem growth.

Official Links

• Website
• X (Twitter)
• Whitepaper

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What Is Dolomite (DOLO)?

In the realm of DeFi, Dolomite stands out by merging the strengths of a decentralized exchange and a lending protocol, creating one of the most capital-efficient and modular platforms to date. It offers over-collateralized loans, margin trading, spot trading, and various financial instruments. Dolomite simplifies portfolio hedging, leveraging, or unlocking idle capital through its broad token support, capital efficiency, and a non-profit-seeking model that passes DeFi rewards directly to users. The platform aims to become a central hub for DeFi activities, enabling protocols, yield aggregators, DAOs, market makers, hedge funds, and others to manage portfolios and execute on-chain strategies.

Why is Dolomite’s Architecture Unique?

Dolomite boasts a highly modular architecture, divided into two layers: the immutable core layer and the mutable module layer. Designed to embody the spirit of DeFi, the protocol features an unchangeable base layer that can only adjust specific configuration parameters while maintaining essential modularity to adapt to evolving DeFi trends, environments, and paradigms. This modularity ensures a clear upgrade path, preserving Dolomite’s core functionality while integrating new features without conflicting with existing modules.

The platform introduces innovative portfolio management options by embedding features into its core margin protocol. Operations are executed through the immutable layer via a sequence of actions, with notable ones including Transfer (with internal liquidity) and two Trade actions. Transfers allow movement of funds between subaccounts or different wallets, while trading enables users to utilize liquidity with external systems (using free flash loans on Dolomite) or other virtual liquidity sources.

What is DOLO?

DOLO serves as the governance token for the Dolomite protocol, designed to align incentives and promote sustainable growth. Issued as an ERC20 token on Berachain, Ethereum, and Arbitrum, DOLO employs a burn-and-mint model for transparency and interoperability. An API endpoint aggregates DOLO across all networks, reporting to platforms like CoinMarketCap and CoinGecko. Cross-chain compatibility is enabled through Chainlink’s Cross-Chain Interoperability Protocol (CCIP), ensuring seamless integration with other Layer 2s and alternative Layer 1 networks.

Token Mechanics

DOLO, veDOLO, and oDOLO form the backbone of the Dolomite ecosystem. With a fixed total supply of 1,000,000,000 tokens, DOLO integrates mechanisms inspired by successful DeFi models while introducing tailored innovations. Its distribution is structured to encourage community participation, protocol growth, and alignment with long-term stakeholders.

Virtuous Cycle

DOLO’s tokenomics create a self-sustaining cycle aligning all stakeholders:

• oDOLO generates buy pressure as users must hold DOLO for pairing and purchasing discounted veDOLO.

• veDOLO purchases increase protocol-owned liquidity (POL), enhancing stability, deepening borrow liquidity, and boosting platform appeal.

• Increased liquidity attracts users, raising protocol revenue.

• When mature, the DAO can distribute protocol fees to veDOLO stakers, further incentivizing DOLO staking.

This cycle ensures participants benefit proportionally from the protocol’s growth, fostering long-term ecosystem alignment.

Dolomite (DOLO) Tokenomics

DOLO is a standard ERC-20 token without the additional functionalities of veDOLO or oDOLO. It plays a foundational role in the Dolomite ecosystem by enabling exchange liquidity, transferability, lending, and serving as an entry point for new users.

Key Features:

• Liquidity Provision: DOLO powers initial exchange pools, ensuring a robust trading environment.

• Governance Flexibility: Converts to veDOLO for governance participation.

• Future-Proof Utility: Supports long-term growth with an inflation mechanism funding ecosystem expansion and strategic initiatives.

Distribution

DOLO’s total supply is capped at 1,000,000,000 tokens, allocated to promote long-term protocol alignment, sustainable liquidity, and decentralized governance.

Key Points:

• Total Supply: 1,000,000,000

• Total Unlocked at TGE: 415,404,000

• Circulating DOLO at TGE: 326,650,000

• Circulating veDOLO at TGE: 79,050,000

Token Distribution Overview:

• Community: 50.75%

  • Liquidity Mining: 20% (oDOLO emissions over time)

  • Protocol-Owned Liquidity (POL): 2% (seeded on Kodiak and Uniswap)

  • Boyco Incentives: 3% (emitted as veDOLO)

  • Future Partner Rewards: 5.75%

  • Airdrop: 20%

    • Minerals Claimers: 10% (call options with $0.045 strike)

    • Retroactive Usage: 9% (50% DOLO, 50% veDOLO)

    • Early Contributors: 1% (mix of DOLO and veDOLO)

• Core Team: 20.2075% (3-year vesting with 1-year cliff)

• Foundation: 10.6511%

• Investors: 15.1846%

  • 1.3933% (13,933,333 DOLO) vests over the first 12 months

  • 13.7913% (137,913,000 DOLO) vests over 3 years with a 1-year cliff

• Service Providers: 3%

• Advisors: 0.2068% (vested over 2-3 years with a 1-year cliff)

Long-Term Inflation

Starting in year 4, a 3% annual inflation rate applies (modifiable by governance). The DAO can vote to use, burn, or allocate tokens to new incentive programs. Burning tokens disables inflation for that year.

Dolomite Governance

Dolomite’s governance empowers veDOLO holders to shape the protocol’s future, focusing on key areas like asset listing/delisting, tokenomics changes, risk parameter updates, treasury allocations, and incentive program changes. The DAO is a legal entity in the Marshall Islands, with Dolomite Ltd (BVI) as the token issuer and the Dolomite Foundation (Cayman Islands) as a steward. Leavitt Innovations is contracted for protocol development and maintenance.

Voting Process

Governance flows from community discussion to execution, with veDOLO vote weight determining participation:

• Proposal Drafting: Community members or DAO participants with sufficient veDOLO prepare proposals.

• Discussion: Proposals are posted in the Discord Governance Forum for feedback.

• Temp Check: Discord conducts temperature checks on proposals.

• Quarterly Compilation: Proposals passing the temp check are bundled for a quarterly vote.

• On-Chain Voting (BeraVote): Voting occurs quarterly on BeraVote.

• Execution: Approved proposals are implemented by Leavitt Innovations, LLC.

Governance Forum Access and Roles

The Governance Forum, hosted on Discord and integrated with Galxe for wallet verification, assigns roles based on veDOLO balance:

• 1M+ veDOLO: Create proposals.

• 10k+ veDOLO: Comment on proposals.

• 1k+ veDOLO: Upvote/react to proposals.

• No veDOLO: Read-only access.

Wallet Linking and Role Assignment:

• Join the Dolomite Discord.

• Verify your identity.

• Link your Galxe account in the Bot Commands channel.

• Wallet ownership is verified via Galxe.

• Roles update automatically based on veDOLO holdings.

Future Roadmap

Dolomite’s community-driven roadmap focuses on cooperative integrations with other protocols and enhancing its core experience with the richest feature set in DeFi.

What is Dolomite XP?

Dolomite XP rewards active community members in a fun way, encouraging engagement with the platform’s features. Completing campaigns earns XP, which leads to levels and benefits. Participants gain opportunities for increased liquidity rewards and veDOLO governance participation. The XP system is powered by Galxe, a web3 community-building platform.

How to Earn XP?

Complete campaigns to earn 10, 20, or 30 XP. Each campaign includes an XP amount, description, and tasks. XP is claimed as a Galxe OAT upon completion, announced on Dolomite’s Twitter, Discord, and Achievements page.

Dolomite Balances

Your Dolomite Balance represents virtual liquidity usable across all platform services, including trading, borrowing, and pooling. Deposited assets aggregate into this balance, managed via internal ledger changes in the DolomiteMargin smart contract, enhancing capital efficiency.

Dolomite Integrations

Dolomite’s modular infrastructure enables seamless integrations with DeFi protocols, allowing users to retain control over rewards. Examples include GMX’s GLP, Camelot’s spNFTs, Sushi’s staked LP tokens, and Lyra’s cash-collateralized vaults.

Dolomite Investors and Backers

Dolomite is backed by prominent investors like Coinbase Ventures, Sandeep Nailwal, 6th Man Ventures, NGC Ventures, Arbitrum Foundation, RR2 Capital, Draper Goren Holm, WWVentures, Optic Capital, DCF God, DeFi Dad, Pentoshi, Altcoin Sherpa, Marc Boiron, SobyLife, CLBera, Ishan B, and Richard Seiler, strengthening its position in the DeFi ecosystem.

Dolomite (DOLO) Team

Led by Adam Knuckey (COO and Co-Founder) and Corey Caplan (Co-Founder and President), Dolomite’s team is dedicated to building innovative financial solutions, aiming to make the platform a global DeFi hub.

Official Links

• Website
• X (Twitter)
• Whitepaper

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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What Is Overlay Protocol?

Built on the Arbitrum blockchain, this protocol offers markets based on non-manipulable and unpredictable numerical data feeds. This makes Overlay unique within the Ethereum ecosystem, providing deep liquidity and eliminating the need for traditional swap mechanisms.

Overlay Protocol Market Types

Overlay aims to offer various markets based on non-manipulable and unpredictable data feeds. These include:

• Non-traditional crypto markets: Hash rate, gas fees, BTC difficulty, NFT floor prices, social tokens, yield rates, etc.
• Non-crypto markets: E-sports and sports, sneaker prices, scalar social-political markets, nature and science markets, etc.

This broad scope allows Overlay to facilitate trading on digital data streams, setting it apart in the DeFi space.

How Does Overlay Offer Markets Without Counterparties?

In Overlay, users build positions directly against the protocol or, more precisely, against all OVL token holders simultaneously. This model provides deep liquidity without requiring liquidity providers or traditional swap-based counterparties. The dynamic minting or burning of OVL tokens is used to manage inflation risk. For more details, refer to the protocol’s official documentation.

Pricing and Oracle Usage

Pricing in Overlay markets is not dynamic in the traditional sense; it relies on data intermittently fetched from oracles. These values are adjusted by built-in protocol mechanisms. Overlay can integrate nearly any oracle, provided the feed is non-manipulable and unpredictable. For instance, Chainlink-like oracles support data streams like the Consumer Price Index (CPI), enhancing the platform’s flexibility.

How Does Trading Work? (Collateral and Profit/Loss)

To open a position in Overlay markets, users must lock OVL tokens as collateral. Profit and loss (PnL) are settled in OVL. If a position is profitable, the protocol mints OVL to pay the user; if it incurs a loss, the locked OVL is burned to the extent of the loss. This dynamic mint-and-burn mechanism supports the platform’s liquidity and community incentives.

Overlay Protocol (OVL) Tokenomics

OVL is the native ERC-20 token of Overlay Protocol, serving two primary functions:

• Trading Participation: Users lock OVL as collateral to open positions in Overlay markets. Profitable positions lead to OVL minting, while losses result in OVL burning.
• DAO Governance: OVL holders can vote on governance proposals, contributing to the community’s development.

Token Details:

• Symbol: OVL
• Initial Supply: 88,888,888
• Maximum Supply: 1,000,000,000 (per certain launch partner requirements; however, the protocol follows a deflationary trend and has no plans to reach this level).

Token Allocation:

• Ecosystem: 42%
• Airdrop: 9%
• Marketing: 8%
• Strategic Partners: 28%
• Overlay Foundation: 13%

Overlay Protocol (OVL) Vesting Schedule

Nature of Contracts

Positions in Overlay markets resemble perpetual futures contracts (perps), with no expiration date or physical delivery, allowing contracts to roll over indefinitely. However, Overlay contracts have distinct features compared to traditional perps. For more details, refer to the protocol’s official documentation.

Governance

Overlay Protocol is governed by the PlanckCat DAO, and in the future, OVL token holders will have voting rights. Voting weights are as follows:

• 1 PCD NFT = 100,000 votes
• 1 OVL token = 1 vote

This balance may change in the future. The PlanckCat DAO enables Overlay contributors to participate in governance through PCD NFTs, playing a central role in decision-making, such as listing or delisting markets and setting risk parameters. Non-PCD NFT holders can still engage in discussions via Discord and the Governance Forum.

How Is Overlay Different?

What Are Perpetual Futures Contracts (Perps)?

Perps are a popular derivative contract type in crypto markets, allowing users to take long or short positions on an underlying asset without owning it, while paying or receiving funding based on market conditions. Unlike traditional futures, perps have no expiration date or asset delivery, rolling over indefinitely. Overlay market contracts share this structure but include unique features.

Oracle-Based Pricing

Overlay uses oracle-based data feeds and native mechanisms for pricing, avoiding centralized limit order books (CLOB) used by traditional exchanges, where prices are based on the last purchase. Other on-chain perp protocols like Perp Protocol and GMX also use oracle-based pricing.

Lack of Traditional Counterparties

Overlay does not require traditional counterparties to take the other side of a position. When a position is closed:

• Profitable positions prompt the protocol to mint OVL for payment.
• Loss-making positions result in the burning of the user’s OVL collateral.

While this carries inflation risk, Overlay mitigates it through risk management mechanisms.

No Limit Orders

Overlay v1 does not support limit orders; only market orders are executable. Traditional CLOB or liquidity pool-based exchanges typically support limit orders.

Funding Rates

Overlay calculates funding rates based on open interest imbalances rather than spot-futures price discrepancies. These rates incentivize users to balance long and short positions, reducing imbalances.

Pricing and Price Impact

Overlay relies on oracle data for pricing, using mechanisms like TWAP (Time-Weighted Average Price), bid-ask spreads, and price impact/slippage. TWAP prevents oracle manipulation, with short (e.g., 10-minute) or long (e.g., 1-hour) TWAPs selected based on price stability. Bid-ask spreads prevent frontrunning of short TWAPs and protect against sudden price spikes. Price impact is adjusted based on order size and market liquidity.

Risk Management: Payoff Caps, Open Interest Caps, and Circuit Breaker

Overlay manages OVL inflation risk with the following mechanisms:

• Payoff Caps: Per-position limits on profit/loss, set by the DAO for each market.
• Open Interest Caps (OI Caps): Per-market limits on total open interest, determined by the community to quantify inflation risk.
• Circuit Breaker: Temporarily adjusts OI caps to cool markets after large payouts, limiting new position sizes.

Overlay Protocol Investors

Protocol has raised $2.22 million, backed by prominent investors such as Polychain Capital, ParaFi Capital, 1kx, The LAO, MetaCartel Ventures, Jets Capital, GTS Ventures, Ben Middleton, and Sky Wee. This strong support underscores the project’s credibility in the DeFi community.

Official Links

• Website
• X (Twitter)
• Whitepaper

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The post What Is Overlay Protocol (OVL)? appeared first on Coin Engineer.

Founded in 2018, Offchain Labs initially focused on scaling Ethereum through optimistic rollups. Goldfeder emphasized that the broader goal has always been solving the toughest user experience challenges in blockchain technology. He told Blockworks that this acquisition is not a single milestone. “We started with layer two, moved to layer one, and now we’re advancing to the smart contract layer,” he said. 

We've acquired @zerodev_app!

One of the most talented teams in crypto building next-gen smart accounts.

This reinforces our commitment to solving the hardest onchain problems and building a unified development platform for all teams, regardless of their mandate. pic.twitter.com/3Nf3eU9Q6a

— Offchain Labs (@OffchainLabs) August 13, 2025

ZeroDev supports over 5 million smart accounts across more than 30 blockchains. Its tools help projects deliver seamless user experiences and are actively used by Apecoin, Conduitxyz, Crossmint, Defidotapp, DIMO Network, and Infinex. This integration aligns directly with Offchain Labs’ vision for the $ARB ecosystem. Goldfeder added, “They are leaders and innovators in smart accounts. Their profile fits perfectly with our team.” 

Improving $ARB User Experience with Smart Accounts 

Smart accounts enable gas abstraction, programmable security, and automated transactions. This allows $ARB users to interact with the ecosystem more smoothly. Goldfeder noted that current challenges are not only technological but also involve fragmented developer experiences. “Wallet integration and support gaps make ARB transactions complicated,” he said. ZeroDev’s tools aim to eliminate these barriers. 

He gave a relatable example: “When I watch a video on YouTube, it doesn’t ask me which cloud provider to use. Blockchain should be just as seamless.” This approach reduces friction within the Arbitrum ($ARB) ecosystem, including cross-chain transactions. 

Offchain Labs’ Vision and Scaling Plans for $ARB 

Offchain Labs continues to focus on technical scaling alongside user experience improvements. Hybrid rollup architectures and ZK-proof integration remain central to the company’s roadmap. As a result, $ARB holders can execute transactions faster and more efficiently. Moreover, this tools-first strategy directly supports the mass adoption of blockchain technology. 

The ZeroDev acquisition marks a new era for $ARB developers and users. It ensures wider adoption of smart accounts and smoother interactions throughout the Arbitrum ecosystem. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Arbitrum $ARB Investors Celebrate New Development! appeared first on Coin Engineer.

Arbitrum’s Rise in the DeFi Ecosystem

As an Ethereum-compatible layer-2 solution, Arbitrum stands out with low transaction fees, high speed, and scalability. Recently, there has been increasing interest from DeFi projects in the Arbitrum ecosystem, while decentralized exchanges (DEX) and liquidity pools have also seen a notable boost in trading volumes. This rise in TVL is fueled by both the integration of new projects and existing users increasing their allocations on the network.

Potential Impact on $ARB Token

Reaching $3 billion in TVL could become a key factor driving demand for the $ARB token. Higher locked assets generally reflect increased network usage and investor trust, which can create upward price pressure for the token.

Long-Term Outlook

This strong performance further cements Arbitrum’s position as a leading altcoin project in the DeFi sector. The growing TVL also signals the potential for greater institutional interest in the future. As DeFi adoption expands throughout 2025, it’s possible that Arbitrum will set new records in TVL.

This content is not financial advice. The markets carry high risks, and it’s essential to conduct your own research before making investment decisions.

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The post Arbitrum (ARB) Network’s Total Value Locked (TVL) Hits $3 Billion appeared first on Coin Engineer.

Robinhood’s Stock Token Initiative Raises Questions

Launched on June 30, Robinhood offered European users blockchain-based stock tokens tied to SpaceX and OpenAI as part of a limited-time promotion. The reaction from OpenAI was swift, with the company warning that “any transfer of OpenAI equity requires our approval” and urging caution from investors.

The Bank of Lithuania reportedly requested detailed information from Robinhood to determine whether the tokens function as regulated securities or unapproved derivatives.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

CEO Vlad Tenev responded by emphasizing that the tokens are derivative products offering retail exposure—not actual equity.

Live Testing Continues on Arbitrum

Despite growing scrutiny, on-chain data shows that Robinhood has issued over 215 stock tokens on the Arbitrum Layer 2 network. One SpaceX token has been renamed “Demo 1,” signaling that the offering remains in a testing phase.

Looking forward, Robinhood aims to introduce perpetual futures trading and even launch its own Layer 2 blockchain built on Arbitrum, indicating a broader push into crypto-native infrastructure.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Robinhood Faces Regulatory Scrutiny Over SpaceX Token Plan appeared first on Coin Engineer.

So, why is this platform drawing so much attention? How does it work, and what does it aim to achieve? Here’s a complete breakdown of DeFi App and the HOME Token…

What is DeFi App?

DeFi App is a multi-chain super application that unifies decentralized wallets into a single interface. It supports major networks like Ethereum, Arbitrum, BNB Chain, Base, and Solana, allowing users to manage all their assets in a non-custodial way through a single application.

Thanks to this architecture, investors can perform transactions without dealing with complex bridging, high gas fees, or cross-chain incompatibility issues.

HOME Token: Governance Pillar of the Ecosystem

The native token of DeFi App, the HOME Token is more than a utility token — it is the governance mechanism shaping the future of the platform.

• 45% of the total supply is allocated to the community and ecosystem development.
• Token holders will gain voting rights through a DAO (Decentralized Autonomous Organization) structure.
• HOME will also be used for in-app incentives and airdrop rewards.

What Makes DeFi App Unique?

Gas-Free Transactions

One of the most striking features of DeFi App is the ability to transact without gas fees. Especially on high-fee networks like Ethereum, this offers a significant competitive edge. Gas fees are subsidized by the platform to simplify the user experience.

Cross-Chain Token Swaps

Users can instantly swap tokens across chains without using a bridge. This eliminates the need for transferring tokens between wallets manually.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Unified Wallet – Multi-Chain Support

With EVM and Solana compatible wallets integrated into a single interface, users can access all their assets in one place — a rare convenience in the DeFi ecosystem.

User-Friendly Interface & Security

Developed by engineers from companies like Robinhood and Lyft, the user interface emphasizes ease of use. It also operates as a fully non-custodial solution, ensuring complete user control and asset security.

Roadmap: The Future of DeFi App and HOME Token

Q2 2025
Perpetual futures will be integrated, enabling users to trade with leverage.

Q3 2025
DAO governance will be implemented, allowing direct community involvement in decision-making.

Q4 2025
DeFi App will form strategic partnerships with NFT projects, expanding into metaverse and digital collectibles.

HOME Token to Be Listed on Binance Alpha

An exciting development for crypto investors: the HOME Token will be listed on Binance Alpha as of June 10, 2025. With this listing, users can:

• Trade the token easily
• Participate in airdrop campaigns
• Enjoy increased liquidity

DeFi App is reshaping the DeFi space not only through technical innovation but also by redefining the user experience. Its gas-free transaction structure, cross-chain support, non-custodial wallet model, and community-driven tokenomics offer a comprehensive and scalable solution.

The listing of HOME on major platforms like Binance reflects growing investor confidence and project maturity. In short, this platform is poised for even greater impact in the near future — both for users and investors.

Official Links

• Official Website
• DeFi App Whitepaper
• DeFi App X (formerly Twitter)
• DeFi App Discord

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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