Oracle Data Meets On-Chain Credit Ratings

RedStone has built a reputation for delivering fast, reliable market data directly to blockchain networks. Credora, on the other hand, specializes in credit risk assessment across decentralized finance (DeFi). By merging these two capabilities, the new entity aims to provide a transparent, oracle-powered risk rating system for assets and yield strategies, ultimately making the DeFi landscape more secure and easier to navigate.

RedStone highlighted that rated DeFi strategies, such as Morpho Vaults, have grown 25% faster than unrated ones, a sign that users place significant trust in ratings when choosing where to allocate their capital.

RedStone “Turning Data into Actionable Intelligence”

Marcin Kazmierczak, co-founder of RedStone, described the move as a natural progression for the company:

“Ratings are the next step in our journey. We already collect and deliver data on-chain, and by adding transparent ratings, we transform that information into actionable insights. As DeFi yield strategies grow increasingly complex, investors need clarity that goes beyond headline APYs. Ratings deliver exactly that.”

He further emphasized that the acquisition is a foundational step in preparing DeFi for institutional-scale adoption, ensuring safer strategies for both retail and professional investors.

Credora’s Founders Join as Strategic Advisors

As part of the integration, Credora’s co-founders, Darshan Vaidya and Matt Ficke, will join RedStone as strategic advisors. Their role will focus on guiding the adoption of the new rating framework and ensuring a smooth transition for existing users and partners.

Strengthening Presence in RWA and Tokenization

Beyond DeFi yield strategies, RedStone also sees this move as pivotal in the rapidly growing real-world assets (RWA) and tokenization sector. According to Kazmierczak, risks tied to tokenized private credit or tokenized stocks are often difficult to assess. Ratings, therefore, will act as a crucial tool for both investors and institutions exploring these emerging markets.

“With this acquisition, we aim to guide investors and DeFi participants through the complexity of tokenization. Our ratings will serve as a supportive instrument for banks and institutional players entering the crypto economy,” he explained.

A New Standard for DeFi Risk Assessment

Industry observers note that RedStone’s acquisition of Credora could mark the beginning of a new standard in DeFi risk transparency. Much like how S&P and Moody’s shaped traditional finance, “Credora by RedStone” has the potential to become a trusted benchmark for decentralized markets.

As DeFi continues to attract global attention, this step brings the ecosystem closer to bridging the gap between crypto innovation and institutional trust.

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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

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Strive Funds Leads the Quarter

This resurgence indicates a renewed appetite from investors, especially after a relatively quiet period in the crypto space. Topping the list of recipients this quarter was Strive Funds, founded by American entrepreneur and politician Vivek Ramaswamy. The firm raised a massive $750 million in May to support Bitcoin-focused alpha-generating strategies.

Following closely behind, TwentyOneCapital secured $585 million in April, ranking as the second-largest raise of the quarter. Other major recipients included Securitize ($400 million), Kalshi ($185 million), Auradine ($153 million), ZenMEV ($140 million) and Digital Asset ($135 million) — all contributing to the sector’s strong momentum.

Coinbase Ventures Tops Q2 Activity

On the investment side, Coinbase Ventures emerged as the most active investor in Q2 2025, participating in 25 deals between April and June. Close behind were Animoca Brands, Andreessen Horowitz (a16z) and Pantera Capital, continuing their strong support of the blockchain ecosystem.

In June alone, Coinbase Ventures led with 10 investments, followed by Pantera Capital (8), Galaxy (5), and Paradigm, which made 4 strategic deals. Other notable participants included Cyber Fund and GSR, showcasing a healthy mix of venture activity across different stages and sectors.

Key Focus Areas: Blockchain Infrastructure & DeFi

Funding was distributed across various sectors, but blockchain infrastructure and decentralized finance (DeFi) captured the majority of attention. While CeFi, NFTs, and GameFi continued to receive moderate levels of support, memecoins saw limited traction, with occasional spikes in activity.

Early-Stage Rounds Dominate Fundraising

Out of the 1,673 deals tracked over the past year, seed-stage rounds accounted for the largest share at 19.43%. This was followed by strategic rounds at 14.23%, reflecting continued interest in ecosystem-building and long-term plays. Pre-seed (9.26%) and M&A deals (9.44%) also played notable roles in shaping the capital landscape.

Series A rounds made up 6.34% of the total, while incubation deals remained less frequent at 3.35%, according to CryptoRank data.

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The group lead position on Echo provides selected groups of users access to exclusive investment opportunities. Echo enables individual crypto investors to collaborate and make collective investments in web3 projects, expanding access to onchain capital.

Over 40 Projects Funded by the Base Ecosystem Fund

Launched in September 2023, the Base Ecosystem Fund has already invested in more than 40 projects, including the decentralized exchange Aerodrome, DeFi lending protocol Morpho, and web3 restaurant loyalty platform Blackbird.

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

In a joint statement, Shan Aggarwal, Coinbase’s Vice President of Corporate and Business Development, and Jesse Pollak, Head of Base and Coinbase Wallet, stated:

“Onchain investing allows accredited and qualified investors to participate in opportunities that were previously out of reach, while giving founders access to a broader and more dynamic capital base. We’re excited to broaden access to capital for Base builders and enable more people to participate in the next wave of innovation.”

Echo Platform and Group Lead Structure

Echo allows individual investors to collaborate by pooling resources and collectively investing in web3 projects. Group leads on Echo are responsible for providing curated access to investment deals for selected groups of users.

The platform was launched in March 2024 by prominent crypto trader Jordan Fish, also known as “Cobie“. Echo’s goal is to democratize access to onchain investment opportunities and support the next generation of web3 innovation.

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As part of the investment, Binance co-founder Changpeng “CZ” Zhao, who recently took an active role in YZi Labs following its rebranding from Binance Labs, has joined Vana as an advisor, YZi Labs announced on Monday.

“This is a strategic investment closed in January 2025,” said Vana co-founder Anna Kazlauskas in a statement to The Block. “YZi Labs is the sole investor. There are no other investors in this round.”

Kazlauskas declined to provide details on the structure of the funding round or the post-investment valuation.

The investment comes shortly after Vana launched its mainnet and token in December 2024. Currently, the VANA token is trading at around $6.25, marking an 82% decline since its launch, according to The Block’s VANA price page. VANA has a market capitalization of approximately $192 million, with a fully diluted valuation of $747 million.

Beyond YZi Labs, Vana‘s previous high-profile investors include Paradigm, Coinbase Ventures, and Polychain Capital, having previously raised $25 million in funding rounds.

What is Vana?

Vana is a San Francisco-based crypto-AI startup founded in 2021 by Anna Kazlauskas and Arthur “Art” Abal. The two met at the Massachusetts Institute of Technology with a shared goal of accelerating AI while enabling broader user participation in new digital economies.

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

Focusing on data ownership, Vana’s Layer 1 blockchain allows users to pool their data into “Data DAOs,” earn rewards, and retain ownership of AI models built from their contributions.

“Data DAOs are central to the Vana protocol’s vision of user-owned AI,” said Kazlauskas. “These entities put groups of users in direct control of their data, aggregating data around specific use cases that can then be monetized to organizations for AI model training.”

With this new funding, Vana plans to expand its DataDAO ecosystem, help launch data tokens for over 16 DataDAOs, attract more data contributors, onboard additional DataDAOs, and extend data financialization beyond crypto into industries such as finance, social media, healthcare, and mobility.

YZi Labs’ AI Focus

This marks YZi Labs‘ first AI investment since its rebranding last month. Before the rebrand, the firm had backed several crypto-AI projects, including Sahara AI and MyShell.

A YZi Labs spokesperson told The Block that the firm’s focus has now expanded beyond Web3 to include AI and biotech. While continuing to explore opportunities at the intersection of these fields, YZi Labs is also open to investing in standalone AI and biotech projects to “capture the full spectrum of innovation.”

Meanwhile, Vana is just one of several projects CZ is actively involved with. According to the spokesperson, CZ is advising multiple YZi Labs portfolio companies and remains open to collaborating with early-stage founders.

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The Sui team argues that the limited transaction capacities of existing blockchains lead to congestion, resulting in high costs and significant delays. They believe that these issues create a poor Web3 experience for users. To address this, Sui promises a fast, reliable service that enhances user experience through its parallel execution system, transaction fee mechanism, and consensus system.

Recently, Sui gained even more attention following the Arbitrum airdrop, which significantly boosted its popularity. In April, Sui launched its native token, SUI, through a public sale, defying the community’s expectations of a direct airdrop. This decision sparked some controversy, but those who joined Sui’s Discord servers before February 1, 2022, were given the chance to purchase the token at $0.03, providing early supporters with a special privilege and calming some of the debates.

What is SUI Coin?

SUI Coin is the native token of the SUI blockchain, developed by Mysten Labs. The token has a fixed total supply of 10 billion coins. But what are the main functions of SUI Coin, and what does it do?

Participation in PoS Consensus Mechanism: SUI Coin is used to participate in the network’s Proof of Stake (PoS) consensus mechanism, allowing token holders to contribute to the security and validation processes of the SUI network.

Transaction Fees: Transactions and other activities on the SUI network require fees, which are paid using SUI Coin.

Network Governance: SUI Coin grants holders the right to participate in the governance processes of the SUI blockchain, allowing them to take part in decision-making mechanisms.

These functions highlight SUI Coin’s central role in the SUI blockchain ecosystem, serving as a key tool for various interactions on the network.

Founders of Sui: A Strong Meta Connection

The founding team of Sui includes several high-profile names from Meta (formerly Facebook). Evan Cheng, the CEO of Mysten Labs, along with Sam Blackshear (CTO) and Adeniyi Abiodun (CPO), previously held senior positions at Meta. Sui was developed by Mysten Labs, which secured $300 million in funding during its Series B investment round, reaching a valuation of $2 billion. Notable investors included Binance Labs, a16z, Coinbase Ventures, and FTX Ventures.

What Sets Sui Apart from Other Blockchains?

Move Programming Language:

Sui uses the Move programming language, a Rust-based bytecode language originally designed for Meta’s defunct blockchain project, Diem. Sui’s version of Move is an updated iteration, also utilized by another scalable blockchain, Aptos. This language is designed to prevent double-spending and enhance Sui’s security, addressing the shortcomings of existing programming languages like Solidity.

Parallel Execution:

One of Sui’s most significant innovations is its ability to process transactions in parallel, which optimizes the network’s resource utilization. Unlike other blockchains that process transactions sequentially, leading to increased traffic and longer processing times, Sui handles multiple transactions simultaneously. While the Ethereum network processes 15 transactions per second, Sui has achieved 120,000 transactions per second in tests, surpassing other blockchains and even outpacing Visa by five times.

Transaction Fees:

Sui’s transaction fee mechanism sets it apart from other blockchains, where increased network activity often leads to higher fees and slower processing times. Sui’s gas pricing system offers low and predictable fees, even during periods of high network usage. Validators on the Sui network scale proportionally with transaction volume, ensuring that fees remain low even under heavy load. This feature positions Sui as a potential game-changer for Web3, much like broadband internet was for Web2.

Transaction fees are a critical aspect of blockchain technology, often leading to user challenges when they increase. Ethereum co-founder Vitalik Buterin recently expressed concerns about scalability and high fees, warning that without improvements, users might face $500 transaction fees in the next bull market.

The post What is SUI Coin? Sui Project Reviews appeared first on Coin Engineer.

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Polymer Labs said on Tuesday that the round was led by Blockchain Capital, Maven 11, and Distributed Global, with participation from Coinbase Ventures, Placeholder, Digital Currency Group, North Island Ventures, and Figment Capital.

It is unclear when Polymer started raising for the round or when the project closed. Co-founder Peter Kim declined to comment on the timeline. He also declined to comment on the structure of the round, whether it was equity, token, or equity plus token-warrant round, and valuation.

Polymer’s Series A seed round occurred two years ago, raising $3.6 million. Kim said the project is in the development phase of its Ethereum composability infrastructure and plans to launch the Testnet in about 2 months.

Ethereum Interoperability Hub

Polymer Labs is building an “Ethereum interoperability hub” to connect all blockchains, starting with Ethereum, with the goal of creating the next generation of the internet.

Polymer noted that existing Layer 2 networks and interoperability token bridges are widely used but not robust against attacks, adding that the Layer 2 aggregation will enable protocols on different chains to “communicate efficiently and securely, improving their functionality without introducing new trust assumptions.”

The company is using the centrally managed Cross-Chain Communication protocol, the Cosmos standard for blockchain interoperability, and the Optimism Stack.

Polymer said that eventually, any developer building any Web3 application on any chain will be able to use the interoperability tool.

The post Polymer Labs Raises $23 Million in Series A Funding! appeared first on Coin Engineer.

What is Axelar (AXL)?

AXL is the native currency of the Axelar blockchain economy.Additionally the project provides a decentralized network and tools that help developers of decentralized applications to establish seamless inter-chain communication through protocol bundles, tools, and APIs.

Axelar consists of three core components – a decentralized network, also a software development kit for protocols and APIs, and a series of gateway smart contracts for inter-chain connectivity.

What are the fundamental features of Axelar?

NFT Marketplace:

Individuals can gain access to our AXL NFT platform. Also this provides an opportunity to create digital art and allows art lovers to create their NFTs from our platform.

Rewards:

AXL owners can stake their tokens in Staking Pools to receive rewards and transaction fees from others. Additionally staking indirectly serves to support the system

Decentralized Exchange

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Coinbase has reached a significant milestone in its global expansion efforts by successfully registering with the Spain Central Bank as a cryptocurrency exchange and wallet provider.

This Anti-Money Laundering (AML) license allows Coinbase’s to continue to comply strictly with the country’s regulatory landscape while being able to offer a broad range of cryptocurrency services to both individual and corporate users in Spain.

Coinbase new license in Spain further contributes to its rapidly expanding international success list. Last year, the company enhanced its accomplishments by acquiring Virtual Asset Service Provider (VASP) registrations in countries like Italy, Ireland, and the Netherlands.

Furthermore, it has started operations by obtaining principle approvals in countries like Singapore, Brazil and Canada. This demonstrates Coinbase’s commitment to regulatory compliance and global expansion. Coinbase is actively securing licenses in markets like Spain, tailoring their services to meet local needs, forging regional collaborations, and bolstering their regional presence.

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Views in Spain about Cryptocurrency

The growing interest in cryptocurrencies in Spain clearly reflects that 29% of adults see the future of finance in cryptocurrencies. Cryptocurrencies have become the country’s second most popular payment method, surpassing even traditional bank transfers. A survey conducted by Bitnovo revealed that 60.7% of the Spanish population see cryptocurrencies as a long-term investment tool and 35.7% are interested in using them for payments.

The recent adoption of the Crypto Asset Markets (MiCA) framework by the European Union strengthens regulations for cryptocurrencies in the region even further. MiCA showcases the EU’s commitment to taking advantage of emerging technologies while setting a clear example for global regulation efforts.

The registration of Coinbase Exchange with the Spain Central Bank positions the company to better respond to the increasing needs of users in Spain. This development shows that the acceptance and interest in cryptocurrencies are in line with a wider trend.

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What is Connext (Next) ?

So what is Connex Network ? Developers can use Connext as an open protocol to build applications that simultaneously interact with any token and deploy them on any network.

Since its inception in 2017, the project’s mission has been to make Web3 more accessible to every user by abstracting away the complexities of blockchain. While Connext isn’t a bridge itself, it serves as a seamless and permissionless foundation for developers to create groundbreaking applications and experiences within a growing, primitive ecosystem.

What Are the Components of the Connext Protocol?

xCall: It is the fundamental cross-chain principle that utilizes the Canonical Bridge at its core, enabling interaction with meaningful cross-chain messages for security.

Chain Abstraction Layer: It allows users to interact with a dApp from any chain, enabling projects to integrate users from any ecosystem into their own.

xERC20 and Copying via Connext: It is a new open standard that allows tokens to move seamlessly between chains with zero slippage while being compatible with other bridges simultaneously, without taking ownership of tokens from token holders.

xGovernance: A codeless toolkit for inter-chain DAOs (coming soon!).

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What is Next Token ? 

NEXT, as a cross-chain xERC20 token on the Connext Network, supports fair usage and governance within the Connext Network.

Upon its release, NEXT will be used to govern the Connext DAO, which is responsible for raising funds for the ongoing development of the protocol.

Chance to Win NEXT Token Airdrop!

The NEXT airdrop can be claimed today, September 5, 2023, at 13:00 UTC on the Arbitrum, Optimism, Polygon, or Gnosis networks. You have until April 6, 2024, at 13:00 UTC to claim your tokens.

Initial Supply: 107,500,000 tokens (10.75% of the total supply)

To claim and control your tokens, please visit: Connext Network Airdrop

Additionally, at the same time, NEXT tokens will be listed on the ByBit exchange today at 13:00 UTC. If you are not registered with Bybit, you can take advantage of various opportunities by signing up with our 10% discounted registration link.

• The snapshot was taken on August 1, 2023.
• Contract Address: 0xFE67A4450907459c3e1FFf623aA927dD4e28c67a

What are the Requirements for Winning?

1. Have a total volume of at least $200, calculated across all transactions, with each transfer averaging at least $15 (across all transactions, as calculated).
2. Provide at least $1,500 in liquidity to the Connext Network for a minimum duration of 1 day.

Both of these criteria yield 1 point each. Here’s how you can accumulate your points:

Note: Unless otherwise specified, each condition grants 1 point.

Point System for Stablecoin Pool Trading Activity:

• Interacted with stablecoin pool swaps at least 25 times.
• Interacted with stablecoin pool swaps at least 50 times.
• Interacted with stablecoin pool swaps at least 100 times.
• Provided liquidity of at least $3,000 (2 points).
• Provided liquidity of at least $6,000 (2 points).
• Provided liquidity of at least $9,000 (2 points).
• Provided liquidity of at least $12,000 (2 points).
• Provided liquidity for at least 30 days.
• Provided liquidity for at least 60 days.

Bridge Usage Point System:

• 10 or more bridging transactions.
• 25 or more bridging transactions.
• 50 or more bridging transactions.
• Transactions conducted in at least 3 different months.
• Transactions conducted in at least 6 different months.
• Transactions conducted in at least 9 different months.
• Transactions conducted in at least 12 different months.
• Transactions worth at least $1,000 in V2.
• Transactions worth at least $2,500 in V2.
• Transactions worth at least $5,000 in V2.
• 6 or more transfers between different chains.
• 10 or more transfers between different chains.

Factors:

Partnership with another protocol will result in a multiplication of your points.

(1.5x Multiplier)

If you have interacted with NXTP, introduced at least once in November 2021, by adding liquidity or engaging in bridging, your points will be added to your scoring system, calculated vectorially.

Source: Airdrop Details

The distribution of NEXT Tokens is as follows:

Early Supporters: 23.43% Ecosystem and Strategic Supporters: 11.24% Early Team and Advisors: 11.61% Proxima Labs: 3.78%

For the community:

For DAO: 29.44% For Airdrop: 10.56% For Foundation: 10.94%

In total, the allocation for the community is 50.94%.

CONNEXT PROTOCOL INVESTORS:

Connext Protocol has raised a total investment of $21.7 million from various investment firms, including Polychain Capital, Polygon, Coinbase Ventures, OKX Ventures. With the latest investments, the market valuation of the CONNEXT Protocol is $250 million.

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