NEO
The Neo Foundation announced the resumption of Early Bird migration from Neo Legacy to Neo N3 following a temporary pause due to the Poly Network attack. Users could immediately begin participating in Neo N3 governance following NEO and GAS migration. The NF noted the migration process should take approximately 30 minutes for most but could take up to 24 hours to complete.
The NF released an FAQ guide surrounding the Neo Legacy to Neo N3 migration.
NNT Catch Up
Neo News Today announced it is distributing two $4,000 grants to inquisitive devs who’d like to test drive Neo for the first time. As Neo is looking to attract new developers with new ideas to the ecosystem, NNT is specifically looking for developers who have experience in other blockchain ecosystems. The three factors that will most influence the grant selection process include:
- Previous blockchain experience
- The applicant’s ideas for how they intend to explore Neo
- How the applicant plans to communicate their experience
Grants will be paid out in equivalent cryptocurrency.
NNT released a feature article on the Neo Frontier Launchpad’s Best DeFi Project, Lyrebird. Lyrebird is an algorithmic stablecoin and synthetic coin protocol aimed at being the first stablecoin on the Neo N3 blockchain. Longer-term intentions include becoming a community-owned synthetic asset platform that can mint fungible tokens pegged to the values of world currencies, securities, crypto assets, and other commodities with a well-defined price. The protocol relies on arbitrageurs to stabilize the price of its stablecoin.
NNT released a feature article on the Neo Frontier Launchpad’s Best General Project, IntelliJ. IntelliJ allows users to create and manage private networks, explore blocks and transactions, create wallets and transfer assets, and deploy or invoke smart contracts. The project is essentially an equivalent of the Neo Blockchain Toolkit for VS Code, but ported for use in JetBrains IntelliJ-based IDEs. IntelliJ is an open-source platform that allows users to build tools (i.e., IDEs and plugins) in any language. Thanks to its ease of integration with any IntelliJ-based IDE, the tool closely aligns with Neo’s long-term goal of meeting developers in their own preferred environment.
Developer Groups
Neo SPCC released two new versions of NeoGo, targeting Neo Legacy and N3, respectively. The Legacy update added support for the GAS generation cutoff block height and customizable system GAS for invocations, whereas the N3 improvements primarily focused on node performance.
NEXT updated the NeoLine mobile wallet to Android v2.15.2 and iOS v2.9.1, which users must upgrade to before they begin migrating assets from Neo Legacy to Neo N3.
Ecosystem
Aug. 16, Poly Network announced the relaunch of its MainNet, which included a patch fixing the vulnerability between contracts that a hacker recently exploited.
Aug. 17, Nash announced the release of its new yield-generating service, Nash Earnings. Opened for European users, the service allows deposits in Euros and returns interests to users received from participation in Aave, a non-custodial liquidity protocol.
Aug. 17, Poly Network released an update following its recent attack, which noted the completion of a second phase of its MainNet upgrade, communications with the attacker, and a call for security experts to help improve the network’s safety.
Aug. 18, MyMingo added an FLM Claim History page and back-end improvements to its platform. MyMingo’s new Claim History page is currently in its beta version. It includes the date on which a user claimed FLM, the amount, and the source of the FLM rewards.
Aug. 18, O3 Labs released a guide to assist users in migrating assets from Neo Legacy to Neo N3.
Aug. 18, NekoHit released its short-term roadmap listing objectives through Feb. 2022. Examples of roadmap tasks include release of its v1.0 contract, MainNet launch, the development of a stablecoin and governance token, plus more.
Aug. 19, GhostMarket announced it had registered to become a Neo Council member and stated intentions to share 50% of the GAS generated from being a Council member with its community.
Aug. 19, Poly Network released an update on actions taken post-attack, which informed users about asset recovery status, a US $500,000 bug bounty, and recovery status of the cross-chain bridge.
Aug. 20, TOTHEMOON released an overview of its game’s various characters and their purposes, the different types of experience points gained from in-game activity, phasing in new characters over time, TTM token utility, and more insights into the gameplay.
Aug. 20, TranslateMe announced its platform had surpassed 6,000 translators.
Aug. 20, Poly Network released an additional update on post-attack actions, which included status on USDC recovery, stuck historical transaction recovery, and cross-chain bridge service restoration.
Aug. 21, O3 Labs announced the restoration of cross-chain functionality of the O3 token following the Poly Network attack. Users can resume swapping across Ethereum, Binance Smart China, Huobi ECO Chain, and Polygon.
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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