Weekly Project Update:Lido ranked first among Ethereum staking nodes, Starbucks Odyssey is ready to launch, Compound Treasury launches borrowing for institutions and Top 10 Projects (0911–0917)

5 min readSep 17, 2022



Editor:Colin Wu

1. StarkWare announced the Cairo 1.0,supporting StarkNet link

On 12th September, Starkware announced that Cairo 1.0 is the first major release following the introduction of Cairo two years ago. Cairo 1.0 will give developers a safer, simpler, more usable programming language. And at the heart of Cairo 1.0 will be Sierra, an intermediary representation layer that promises greater long term stability for Cairo programs.

2. Near’s Weekly Summary

2.1 Near Protocol Forms Working Group to Promote DeFi Governance

On September 12, The Near Digital Collective(NDC) is a self-governance initiative aimed at further decentralizing the Near ecosystem’s decision-making by moving it to a blockchain. link

2.2 Tether:USDT is deployed on NEAR

On September 12, Tether officially announced that USDT was deployed on NEAR. To date, USDT has been deployed in Algorand, Avalanche, SLP, Ethereum, EOS, Kusama, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. link

2.3 The NEAR Foundation, a Swiss charity that promotes the administration and development of the NEAR Protocol, announced the opening of a $100 million Venture capital fund and Venture Lab in collaboration with Caerus Ventures on September 12.

2.4 On September 12, NEAR announced that the first phase of sharding upgrading has begun, with intentions to create “block-only validators” that are easier to set up than full nodes, with the goal of significantly lowering the entrance barrier for NEAR validators and thereby increasing decentralisation. According to the analysis, this might add more than 200 verification nodes to NEAR, bringing the total number to well than 300.

3. Lido completed $24 million financing, and ranked first among Ethereum staking nodes

On September 14th, it was formally revealed that Lido, a liquidity staking protocol, has completed a $24 million financing round. And Dragonfly purchased 10 million $LDOs from the Lido Dao Vault in two transactions. link

Allen Ding, founder partner of Nothing Research, tweeted on September 17 that Lido has 30.44% market share, Coinbase has 12.72%, Kraken has 8.59% of the Ethereum pledge node distribution, Binance has 5.22%, and the total of the four is more than 56.9%. link

4. Coinbase Cloud started MATIC staking on Polygon link

On September 14, Coinbase Cloud launched $MATIC Staking on Polygon. Users can stake $MATIC by connecting their self-hosted wallet to Coinbase Cloud’s Polygon wallet, for which Coinbase Cloud will charge an 8% service fee. The user’s minimum commitment amount is 1 MATIC. Furthermore, users must personally claim the staking reward with a minimum of 2 MATIC.

5. Compound Treasury Launches Borrowing for Institutions link

On 14th September, to meet the growing demand for liquidity, institutions can now borrow from Compound Treasury, using digital assets as collateral. Accredited institutions can borrow USD or USDC with fixed rates starting at 6% APR, using Bitcoin, Ether, and supported ERC-20 assets as collateral. Borrowing is offered with an open-ended term and no repayment schedule, providing our clients the flexibility to draw liquidity and repay balances as they see fit–for as long as they remain overcollateralized.

6. Uniswap new proposal:Deploy UniswapV3 on Aurora link

On 13th September, new proposal is created, proposing to deploy Uniswap v3 on Aurora through an additional grant license. Uniswap will expand access to decentralized and permissionless trading of tokens on Aurora, and aligns with the community’s multichain vision to bring trustless liquidity to all chains and position itself as a de facto DeFi hub in the space. This proposal will include a $5m amount allocated for financial incentives to Uniswap users on Aurora and a commitment to actively engage with the Uniswap community to further support its growth through grant programs and funding for protocol-related development.

7. FloorDAO, a decentralised NFT market maker, plans to incorporate gauge voting into V2. link

FloorDAO, a decentralised NFT market maker, revealed on social media on September 17 that it is incorporating Gauge Voting into FloorDAO V2. FloorDAO said the new voting system offers the winner 50% of the entire proceeds from the vault, further improving liquidity. The company is currently employing Collections Addition voting devices, which let gFLOOR holders to vote on governance issues.

8. APE’s weekly summary

Spencer Tucker has been named as Yuga Labs’ first Chief Gaming Officer.Link

Yuga Labs announced the appointment of Spencer Tucker as the business’s first Chief Gaming Officer on September 17. He will be in charge of monitoring Otherside, as well as all of BAYC’s game endeavours and interoperable metaverse projects and promoting community growth, etc. Spencer Tucker has nearly two decades of game industry expertise, specialising in game development, design, UGC, Web3, and innovative community involvement.

ApeCoin DAO proposed to develop a new shooter game. link

The ApeCoin DAO community launched a new proposal, AIP-103, on September 16th to construct a third-person shooter “Ape Worlds: Shooter Edition” in order to bring more individuals into the ApeCoin ecosystem. The plan is up for vote until September 22nd. However, until September 17, 75.27% of people have voted against.

9. Doodles raised $54m and on the same day, its trading volume increased by more than 1,500% link

News: On September 13, Doodles, an NFT project, launched a $54 million equity fundraising round including Reddit co-founder Alexis Ohanian’s fund 776, Acrew Capital, FTX Ventures, and 10T Holdings, among others. On the same day, OpenSea statistics revealed that the transaction volume of Doodles in the last 24 hours was 831 ETH, representing a 1544% rise. The recent 24-hour volume rated second in OpenSea.

Comment: Community evaluation difference is larger, some users think it is good, some users think it is just to stabilize the floor price.

10. Starbucks Odyssey, a Web3 platform, is ready to launch link

On 12th September, Starbucks announced the launch of their Web3 platform, Starbucks Odyssey, powered by Polygon. Starbucks Odyssey, which integrates the company’s loyalty programme, Starbucks Rewards, with the NFT platform, allows users to earn and acquire digital assets such as “stars” that can be redeemed for rewards such as free drinks.

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Colin Wu, Chinese journalist, won 2013 China News Award