Major Tech & Web3 Support

BNB Chain has announced the Zero2Hero Hackathon, the second phase of its six-month online Bootcamp-Hackathon-Incubator program.

The hackathon will take place from April 17th to May 14th, and has garnered support from Amazon Web Services (AWS), Google Cloud, and Tencent Cloud as key strategic technology partners. The event aims to bring together blockchain professionals and developers from around the world to collaborate on projects and solutions that will help advance the blockchain industry.

We spoke to the team to understand more about the exciting development:

“As part of the 6-month Builder Series, the Zero2Hero Hackathon is an exciting opportunity for developers to showcase their skills and compete with the best in the industry. With the support of our strategic technology partners, including AWS, Google Cloud and Tencent Cloud, as well as our Web3 partners such as Chainlink Labs and Axelar, we are excited to bring together a community of talented developers and innovative projects,” said Zoe Wei, Head of Developer Relations at BNB Chain.

BNB Chain has also partnered with several leading Web3 companies for this hackathon, including Chainlink Labs, Axelar, Nodereal, Polyhedra, Hacken, RSS3, and Port3. The hackathon will feature seven tracks, including DeFi, Infra & Scalability, SocialFi, Cross-chain, NFT, Gamify & Metaverse, Greenfield and Innovation. Participants will compete for cash prizes of $15k for 1st place, $6k for 2nd place, and $4k for 3rd place in each track.

During the hackathon, nearly 20 technical workshops will be provided where hackers can learn the latest technologies. Free access to multiple dev resources such as cloud and node services will be available, and the calendar of the tech teams of partners will be open for hackers to book office hours. The judging criteria will lean towards full MVPs projects, although a clean and creative implementation of the feature serving as an excellent example of feature usage is also acceptable.

The 6-Month Builder Series, focused on accelerating Web3 development, commenced its initial phase in February with a Bootcamp featuring sessions in multiple languages. The series will be held in partnership with the Blockchain Center, established by Astana Hub, the largest technopark in Central Asia, and the Payment and Financial Technologies Development Center of the National Bank of Kazakhstan. Other partners included the Blockchain Academy Group, a Hong Kong government-backed program, and Encode Club, a leader in Solidity training.

What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.

Find more about BNB Chain here:

Website | Twitter | Discord | Telegram | GitHub |

Recapping the Week in DeFi

Cryptocurrency never sleeps, and neither does crypto news and content. Because of this constant stream of information, it’s difficult for investors to keep track of the most notable news. In this weekly recap, BSC News shares some of the most exciting stories and breaking news events of the week to help you stay up-to-date on all things DeFi.

Arbitrum Airdrop: Which DAOs Received the Most $ARB?

The Arbitrum airdrop was arguably one of the most notable DeFi events from the past week. Projects with a DAO and community treasury also received the airdrops, with the exception of The Protocol Guild. A number of factors were considered for eligibility, including deployment date, transaction volume, and more.

Get all the details in this article.

MetaMask Institutional Unveils New Portfolio Dashboard, ETH Staking Marketplace

MetaMask Institutional launched an advanced version of its Web3 portfolio dashboard for institutional investors featuring cutting-edge tools, including an ETH staking marketplace. 

Find more information here.

Core DAO’s Core Bridge Goes Live, Confirms Huobi as Validator

Core DAO has finally launched its highly anticipated Core bridge, paving way for the growth of the Core ecosystem in the decentralized finance (DeFi) world. Powered by LayerZero, the bridge allows users to seamlessly transfer assets between the Core chain and other leading networks. Core DAO has also confirmed Huobi as a validator. 

Find more details in this article. 

Celer Unveils Brevis: ‘A ZK Ominchain Data Attestation Platform’

Going deep into ZK: Celer Network has launched Brevis, a “Zero-Knowledge (ZK) omnichain data attestation platform” enabling smart contracts to access and compute data from any blockchain.

Learn more about Celer’s ZK solution in this article. 

Polygon, Immutable Partner to Build Dedicated Gaming ZK EVM Blockchain

Polygon Labs and Immutable have collaborated to build “Immutable zkEVM”, a zero-knowledge rollup dedicated to gaming. The new solution will have enforceable royalty fees for game developers. 

Get all the details here. 

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Kyudo Archers are Now Available on Miidas NFT 

Following a successful minting, ArcherSwap’s native Non-Fungible Token (NFT) collection, Kyudo Archers, is now available on Core-based NFT marketplace, Miidas. 

Miidas is the leading NFT marketplace on the Core chain, supporting other networks, including BNB Chain and Polygon. kyudo Archer holders can now buy and sell the collection on the top marketplace after an official announcement on March 24. 

Kyudo Archers’ mint, comprising 10,000 unique digital archers, sold out in under 15 minutes at 20 $CORE, representing a strong interest in the Core ecosystem. The collection offers users numerous benefits, including staking and farming. Its availability on the Miidas marketplace will allow more users to enjoy its benefits in the blockchain industry. 

Already, 342 items have been sold on Miidas, with a trading volume of 217 CORE, worth over $400. The floor price for one Kyudo Archer NFT is 10 CORE on the multi-chain marketplace. Interested users should visit the collection’s page on the Miidas marketplace for more details. 

What is ArcherSwap: 

ArcherSwap is a unique DEX Automated Market Maker (AMM) on the Core chain. The protocol provides a DeFi ecosystem that allows users to trade and earn through NFT, GameFi, and projects utilizing its native BowPad launchpad. 

Where to find ArcherSwap: 

Website | Twitter | Telegram | Discord  

What is Core DAO:

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.

Where to find Core DAO:

Website | Docs | Twitter | Discord

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Polynomial to Roll Out On-Chain Decentralized AMM

Polynomial Finance, a decentralized finance protocol, announced to launch its perpetual trading platform on Optimism through Synthetix on March 27.

According to the protocol, the Polynomial Decentralized Exchange (DEX) would include features typically found in Centralized Exchanges (CEXs). 

The platform also recently announced to launch power perpetuals on its platform. As per the protocol. the Polynomial Power Perps will introduce a new delta-hedged Automated Market Maker (AMM). 

Polynomial’s AMM will reportedly offer tighter spreads, lower funding rates, and consolidate market liquidity into one instrument, thereby enabling better portfolio management and diversification. The platform would use Synthetix Perps V2 for hedging LP's against directional risks.

Worth noting, Synthetix recently reached $490 million in daily trading volume for the first time on March 17 and generated $511,000 in fees.

In terms of trading volume, $479.8 million was traded on the Kwenta platform. The Polynomial platform, however, came third in terms of volume after Decentrex, generating $184.5k on the same day.

In addition, Synthetix has launched V3 on the Ethereum Mainnet and Optimism after completing a security audit. Synthetix developers claim the new version offers better architecture for the development of faster, more complex, and more efficient decentralized financial applications (DeFi). 

Synthetix currently has a Total Volume Locked (TVL) of $428.63 million and a market cap of $687.734 million. Synthetix (SNX) is trading at $2.55, down 6.87% in 24 hours.  

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What is Polynomial Finance:

Polynomial is developing a decentralized finance protocol to enable a more equitable, accessible, efficient, and transparent financial system. Polynomial automates financial derivative strategies to produce products that provide passive yield on various assets.

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Learn more about Polynomial:

Website | Discord | Twitter

‘An Extensive Arbitrum-Centered Campaign’

Kyberswap reportedly launched the first-ever $ARB token liquidity pools, liquidity mining, and trading campaigns on the Arbitrum Chain at the time of the much anticipated $ARB token airdrop.

According to KyberSwap, the $ARB liquidity pools will provide users with more liquidity options and trading pairs. 

“We are excited to launch the first-ever $ARB liquidity mining pools,” said Victor Tran, CEO and Co-founder of KyberSwap. “These farms will mark the beginning of an extensive Arbitrum-centered campaign KyberSwap has planned, and we will announce more rewards and activities soon for both LPs and traders.”

As reported, KyberSwap's liquidity mining programs will enable liquidity providers to earn fees and rewards by adding liquidity to $ARB pools.

The following pools are eligible for $ARB liquidity mining rewards:

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New Fee Tiers and Trading Campaigns

KyberSwap introduced new fee tiers of 2% and 5% for these yield farms, which previously was 1%. As a result of these new fee tiers, KyberSwap anticipates that $ARB farmers will have opportunities to benefit from the anticipated higher volatility and trading volume during the price discovery phase after the airdrop.

Currently, the $ARB pools at the KyberSwap platform are generating considerable APRs. For instance, the ETH-ARB pair has a current APR of 1757.07%.

As part of its trading campaigns, KyberSwap has partnered with other protocols with a certain amount of rewards. By collaborating with Pomerium Trading and Bob Trading, KyberSwap launched trading campaigns with $5,000 rewards each.

The KyberSwap team plans to reward traders and liquidity providers post-launch, including $ARB and $KNC airdrops and commemorative NFTs. KyberNetwork (KNC) is trading at $0.6896, down 4.79% in 24 hours. On the contrary, Arbitrum ($ARB) is trading at $1.29 with a market cap of $1.634 billion.

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What is Kyber Network:

Kyber Network is a multi-chain cryptocurrency trading and liquidity hub that connects liquidity from various sources to enable trades at the best possible rates. Kyber Network can be integrated into decentralized applications (dApps), cryptocurrency wallets, and platforms for decentralized finance (DeFi).

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Learn more about KyberNetwork:

Website | Twitter |  Discord |  Telegram