The most noteworthy hot events in the crypto market this December

As the impact of the collapse of FTX and Alameda fades away, the worst moment for the crypto market has passed. Many crypto KOLs believe the current market may have reached a relative bottom. It’s time to get back to focusing on the project itself. What are the noteworthy hot events in the crypto market in December?

  1. MEXC Global (MX) The Futures business has increased by 1200%

Recently, the cryptocurrency trading platform MEXC upgraded its brand and launched the new Ocean Blue interface. At the same time, it announced that its global users had exceeded 10 million, and its Futures business had increased by 1200%. According to the blockchain media Cointelegraph, MEXC’s contract liquidity ranked 1st in September 2022.

  1. Chainlink (LINK) Staking is planned to go live in December

The beta of Chainlink Staking is planned to go live on the Ethereum mainnet on December 6, 2022, at 12 PM ET. This is the core module of Chainlink 2.0 economics. LINK token holders and node operators can improve the crypto-economic security of the oracle service and earn corresponding rewards.

  1. ApeCoin (APE) Staking

According to the announcement released by Horizen Labs on social media, Apestake.io and its pre-deposits are set to go live on December 5; the staking on Futures will be opened from December 5 to December 7, the accumulation of staking rewards will begin on December 12.

  1. dYdX (DYDX)

dYdX plans to release the V 4 mainnet in the second quarter of 2023 to achieve fully decentralized governance based on DAO. According to the news announced on November 22, dYdX has completed the second of the five milestones of dYdX V 4 (dYdX Chain), namely, the internal testnet. Currently, dYdX V 4 has two permanently running internal blockchain networks, one as a developer testnet and the other as a general testnet. Functionally, they allow core trading functionality, including leverage, fees, oracle price updates, hourly funding rates, and liquidations.

5、Aave (AAVE) will issue native Stablecoin GHO soon

At the end of July, Aave’s proposal to issue the decentralized over-collateralized Stablecoin GHO was voted through with an approval rate of 99.99%. Aave will enable the creation of GHO through the new Aave Improvement Protocol (AIP), managed by the Aave DAO, allowing users to mint GHO using the collateral they provide.

In November, the proposal to deploy Aave V3 to the zkSync 2.0 testnet was approved, and it is expected that Aave will be deployed to StarkNet in 2023.

  1. SushiSwap (SUSHI )The new CEO will announce the draft of the new Token economics.

On November 27, the new CEO, Jared Gray, posted on social media that he and EONS developer David Wilson had completed the first draft of SushiSwap’s new Token economics. It will be displayed within the community next week, and the draft is expected to be released and publicized in 2-3 weeks.

  1. YearnFinance (YFI) will activate veYFI

The community of YearnFinance(YFI) is proposing to activate veYFI, the first step in implementing YIP-65, which aims to improve YFI’s token economics through vote locks and treasury counters.

  1. Chiliz chain 2.0 will go live

In December, Chiliz Chain 2.0 will go live. It is a fork compatible with EVM and BSC, and CHZ is its native token.

Chiliz Chain 2.0 is the successor of the current Chiliz Chain. It is EVM compatible, supports all existing Ethereum toolings, and provides faster settlement speed and reasonable transaction fees. It has a distributed system of on-chain governance that will allow interoperability with the Ethereum mainnet and other chains in the future.

  1. The mainnet of Secret Network 2.0 will be launched soon

Secret Network (SCRT) is hosting the 2022 Secret Summit on December 15th, and will launch the 2.0 mainnet.

  1. Loopring (LRC) will distribute protocol fees to LRC staking holders in Q4

On October 4, Loopring, the zk-Rollup protocol of Ethereum Layer 2, stated that it would readjust various on-chain protocol parameters managed by Loopring DAO, including the distribution of protocol fees and the distribution of DAO funds. During the fourth quarter of 2022, Loopring will use 16% of the protocol funds accumulated in the past few months to sponsor liquidity mining activities. In addition, a new LRC Token economics proposal is proposed, or LRC staking will be reintroduced. A certain percentage of the monthly agreement fee will be allocated to users who stake LRC on Loopring L2.

  1. Cardano Eco-Stablecoin Djed will be launched on the mainnet in January next year

On November 22, Cardano developers announced at the Cardano Summit that its first decentralized Stablecoin Djed would be launched on the mainnet in January next year. Djed will be integrated into 40 applications in the Cardano ecosystem at launch. After the launch of Djed, Cardano u sers will be able to use Cardano’s native token ADA as a stake to mint Stablecoins. Stablecoins are designed to be over-staking, and each Djed requires more than 400% of the collateral value to be minted.

  1. Curve (CRV) will launch its stablecoin

On November 22, Curve Finance released the official code and white paper of the decentralized stablecoin crvUSD. At the same time, it released a complete back-end library, which had previously released middleware. It is reported that part of the white paper contains complex mathematics and the most cutting-edge Titanoboa testing. The ecosystem introduces LLAMMA, the “Lending-Liquidation AMM Algorithm.”

Note: This article was written by users of the MEXC community and is for information sharing only, and does not constitute any investment advice.

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