NEO
Flamingo Finance announced it is seeking an independent team to take responsibility for the development and management of Neo’s DeFi platform. While Neo Global Development will accept submissions and screen applicants, ultimately, the FLM token holders will vote on approving the team.
Flamingo Finance put forth FIP #3 that includes a new cGAS/nNEO trading pair, adjusts the weekly FLM distribution, and establishes capital for a third-party team to assume responsibility for Neo’s DeFi platform. The voting period is live through April 14, 2021.
Flamingo Finance announced the addition of a GAS to cGAS conversion function to its Wrapper module. cGAS is the global asset mapped from GAS, which can be easily transferred between smart contracts.
Poly Network released its monthly report for March 2021, which noted surpassing US $3.5 billion in transaction volume, new partnerships with O3 Swap and Switcheo, and more.
NNT Catch Up
Neo News Today hosted NGD Enterprise chief architect, Harry Pierson, on episode 51 of the NNT podcast. Discussion topics included the Neo Blockchain Toolkit and the many features that make development easy on Neo N3, lessons learned since Harry joined the blockchain world, attracting new developers to the Neo ecosystem, and much more.
In the interview, Pierson highlighted how the Neo Blockchain Toolkit was designed to remove even the smallest hindrances to developing on Neo.
HashPuppies announced the auction of the first five HashPuppies NFTs ever created, which was hosted on the Ethereum-based OpenSea platform. The proceeds will go toward restarting HashPuppies development and migrating the contract from Neo Legacy to N3. Once the new HashPuppies smart contract on N3 is live, users can transfer their NFT from OpenSea to the Neo blockchain.
Developer Groups
Neo SPCC deployed NeoFS, which became available to all users through the N3 TestNet. In the initial release, NeoFS supports object uploading from any user through CLI interfaces. In the future, it will also be possible for users to run their own storage nodes or access the network through more user-friendly interfaces. The team also provided instructions for interacting with NeoFS using a NeoGo node.
Neo SPCC released a new and improved version of its N3 RC1-compatible Go node. The V0.94.1 update builds on the initial release by correcting inconsistencies with the C# implementation and improving documentation. V0.94.1 is intended to be the last RC1-compatible release. Users updating from V0.94.0 will need to perform a full node resynchronization due to changes in storage structures.
Ecosystem
April 5, Poly Network integrated support for the Fei Protocol, allowing users to transfer assets across Ethereum, Binance Smart Chain, and Huobi ECO Chain.
April 5, 8Pay integrated support for the Poly Network bridge, allowing its users to transfer the 8PAY token cross-chain between Binance Smart Chain and Ethereum.
April 5, DeepBrain Chain announced it is migrating to phase two of TestNet, where 21 nodes will be elected to ensure the network’s security. To apply, registrants much have a minimum of 5 million DBC, contribute to the development community, and participate in governance processes moving forward.
April 5, DeepBrain Chain announced it will mint NFTs to commemorate various levels of contributions from its community.
April 6, Nash League participants surpassed level five, unlocking $50,000 in prizes split between solo participants and two teams.
April 7, O3 Labs announced a partnership with LavaSwap, a DeFi and cross-chain bridge platform.
April 8, Nash League season three concluded with approximately $52 million in trading volume from solo and team traders.
April 8, O3 Labs integrated support for MDEX.com, a DeFi ecosystem that supports non-custodial exchanges, initial membership offerings, and decentralized autonomous organizations.
April 8, O3 Labs released its monthly report for March 2021, which noted the release of the O3 Swap lite paper, reaching parity with N3 RC1 TestNet, and integrating support for Binance Smart Chain.
April 9, Switcheo announced it will fully decommission the Switcheo Exchange on April 30, 2021, as part of its roadmap to complete decentralization. The UI for the Exchange will be kept online with minimal maintenance for six months, at which point it might be taken offline completely. During that time, users must withdraw funds from their Switcheo account and contract balances.
April 9, Nash announced it is hosting a quarterly AMA on the Nash Community forums. Participants have until April 14, 2021, to submit questions for the team before the thread is locked.
April 9, Poly Network established a strategic partnership with Cook Finance to build a cross-chain asset management platform.
April 10, QLC Chain established a strategic partnership with SakeSwap and SakePerp, decentralized exchange protocols on Ethereum and Binance Smart Chain. Looking forward, the team intends to list QLC and QGAS yield farming pairs on SakeSwap.
April 10, O3 Labs launched O3 Swap with support for NEO, nNEO, SWTH, FLM, pONT, fWETH, fUSDT, and fWBTC on the Neo blockchain.
April 10, Poly Network established a partnership with Shadows, a hub for issuing, trading, lending, and borrowing synthetic assets.
April 11, O3 Labs integrated support for the DODO DEX, an on-chain decentralized exchange and liquidity provider.
April 11, O3 Labs announced it is hosting a video competition for O3 Swap. Users can submit a video highlighting O3 Swap functionality, its token economic model, or the swapping process for the chance to win a top prize worth an equivalent of $2,000.
April 11, O3 Labs conducted an airdrop of the O3 token to community members.
Events
April 14: O3 Live to host CMO of MDEX on AMA.
About The Author: Dylan Grabowski
Dylan is a reformed urban planner with a passion for covering the Neo ecosystem. His objective as a writer for Neo News Today is to report news in an objective, fact-based, non-sensational manner. When not behind a computer screen, he can be found in the mountains rock climbing. Find Dylan on Twitter (@GrabowskiDylan).
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