Digest (6 Dec 2021 - 12 Dec 2021)

11.12.2021 15:42
Digest (6 Dec 2021 - 12 Dec 2021)


    Project events




    Ubisoft has become first major game company to launch NFT inside a AAA title The publisher of Assassin's Creed and Just Dance today introduced Ubisoft Quartz, a platform that allows players to earn and buy in-game items, NFT on the Tezos blockchain.

    Quartz will be the first to launch a PC version of Tom Clancy's Ghost Recon Breakpoint, the latest online game in the long-running tactical shooter series.




    Former members of the SushiSwap team claim that a key developer was kicked out of the project, causing others to follow suit. Because of this mudslinging, SushiSwap CTO Joseph DeLong threatened to quit if the current team didn't get more support.




    SingularityDAO is integrating 1inch Network to optimize its DynaSet product.

    DynaSets are dynamically balanced token baskets driven by artificial intelligence, similar to hedge funds in traditional finance.



    Badger protocol lost $120M in frontal attack.




    Gitcoin launched the 12th round of grants for projects (you can donate to your favorite projects and possibly get an airdrop in the future).




    Adidas partners with @BoredApeYC @gmoneyNFT @punkscomic and jumping into the meta universes trend (no details yet, just a separate page).




    @QANplatform, first level hybrid blockchain platform resistant to quantum attacks integrated with BandProtocol, a decentralized oracle service.




    The new $UST-Wormhole pool at @ConvexFinance has been launched. This is a pool that will be boosted in the case of Agora's recent offer to increase the liquidity of @wormholecrypto.




    Analytics company Messari launched new product Messari Governor, which provides seamless participation in protocol and community management using Web 3.0 data and tools. The platform will aggregate all votes and their execution process into a single user-friendly interface. Balancer Labs announced that reserves in LBPs pools hit an all-time high in November 2021 following the implementation of the Balancer-Gnosis protocol.


    Balancer Labs


    Balancer Labs заявили что в ноябре 2021 года резервы в пулах LBPs достигли исторического максимума после внедрения протокола Balancer-Gnosis.


    Chainlink Labs


    Former Google CEO joined Chainlink Labs as strategic advisor.




    Game guild project BlockchainSpace announced details on the sale of its $GUILD token.


    Highlights of the week





    Events for the coming week









    • Binance Smart Chain and Animoca Brands set up $200M fund for gaming projects on BSC blockchain;
    • WOO Network launches WOO DAO as an initiative to establish community stewardship of its DeFi activities. The goals of WOO DAO are the following:
      • Increase WOO Network's impact in DeFi's growing ecosystem;
      • Increase transparency for WOO Network stakeholders;
      • Expanding the set of WOOFi products on the chain;
      • Actively engaging the WOO Network community to support global growth.
    • Other Internet announces $1M grant from Uniswap grant program;

    • Other Internet will expand its research program and conduct new experiments in governance within the Uniswap ecosystem;

    • Wintermute has announced a $20M Wintermute Ventures fund, which will target projects running on @0xPolygon;

    • Project Zeta, which is the leading under-collateralized derivatives exchange for DeFi, providing liquid derivatives trading for both individuals and organizations, has announced a $ 8.5 million funding round led by Jump Capital with participation from Race Capital, Electric Capital, DACM, Airtree Ventures, Amber Group, Wintermute, Sino Global Capital, Genesis Block Ventures, QCP Capital, Alameda Research, Solana Capital, MGNR, 3kVC, Orthogonal Trading, LedgerPrime, and SkyVision Capital;

    • Impossible Finance gets strategic investment from Blizzard Ecosystem Fund to expand on Avalanche;

    • JellyFi solves capital inefficiency issue in the DeFi lending market by providing collateral-free crypto loans to institutional borrowers Itclosed a $4.4 million seed funding round from leading cryptocurrency venture capital firms. It closed a $4.4 million seed funding round from leading cryptocurrency venture capital firms. The round was led by Lemniscap and joined by ParaFi Capital, Tioga Capital, White Star Capital, DeFiance Capital, True Ventures, Digital Currency Group, Genesis, Divergence Ventures, AngelDAO, and several angel investors. The funds raised will be used to support JellyFi's growth by hiring key employees and conducting numerous audits.




    10 effective coins of the week.


    The assessment combines altcoin's price performance relative to bitcoin and social activity indicators.



    Grayscale Fund Portfolio Dynamics



    Bitcoin Metrics


    • Stock to flow


    This model views bitcoin as a commodity comparable to commodities such as gold, silver, or platinum. These commodities are known as "stored value commodities" because they retain their value over time due to their relative scarcity.

    For commodities of value, such as gold, platinum, or silver, a high ratio indicates that they are not primarily consumed for industrial purposes. Instead, much of it is held as a cash hedge, resulting in a higher stock-to-flow ratio.

    A higher ratio indicates that the commodity is becoming increasingly scarce and therefore more valuable as a store of value.



    How can I look at the chart?


    In the above chart, the price is overlaid on top of the stock-to-flow ratio line. We can see that the price continues to follow bitcoin's stock-to-flow ratio over time. Thus, the theory suggests that we can predict where the price might go by observing the projected stock-to-flow ratio line, which can be calculated as we know the approximate timeline for bitcoin production in the future.

    The colored dots on the price line of this chart show the number of days until the next bitcoin halving event (sometimes called "halving"). This is an event in which the reward for mining new blocks is halved, meaning miners get 50% less bitcoins for checking transactions.


    • BTC Exchanges Reserves


    Bitcoin reserves on exchanges continue to decline. The recent correction was a confirmation of this phenomenon. The market is now in uncertainty and fear, and many coins have declined to interesting buying levels.




    Funding Rates


    Positive funding rates imply that speculators are bullish and long-traders pay funds to short-traders. Negative funding rates imply that speculators are bearish and short traders pay funds to long traders.




    P.S. Funding rates (0.01%) are black, this is a neutral situation. Funding rates (below 0.01%) - green, this is a bullish situation. Funding rates (above 0.01%) are red, it is a bearish situation. The stronger the bearish or bullish sentiment, the darker the color.


    Off chain data


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