General Updates
O3 Labs launched its O3 Swap module on the Neo N3 blockchain. O3 Swap works by combining liquidity from single-token staking pools with liquidity aggregated from decentralized exchanges. A liquidity pool for fUSDT was made available on launch, along with swapping for NEO, GAS, fUSDT, FLM, bNEO, GM, TIPS, DOGER, and CANDY. Neo and O3 Labs are planning various marketing campaigns and community engagement events to celebrate the milestone. Currently, O3 Labs is running a cross-chain airdrop campaign where 50 participants will share from a pool of tokens equivalent to US $2,000, plus 50 Blockchain Cuties NFTs.
Neo Global Development hosted a Twitter Spaces entitled Enhancing DeFi with Cross-Chain Liquidity Bridging, with representatives from O3 Labs, Poly Network, and NGD Eco Growth. Topics of discussion included the speakers’ backgrounds, mechanics of how O3 Swap operates, opportunities for cross-chain and interoperability, and much more.
The KuCoin custodial exchange migrated Legacy NEO and GAS held on its platform to N3 NEO and GAS. NEO token holders did not need to take any action to participate in the migration process, as the Legacy to N3 assets were automatically swapped at a 1:1 ratio. Users can now deposit and withdraw NEP-17 NEO and GAS.
Perlin Finance co-founder John Kim joined a Neo Live AMA to discuss the forthcoming lending and borrowing protocol launching on Neo N3. Ten participants shared rewards from a prize pool of 100 USDT. In the AMA, Kim discussed the DeFi background of the Perlin Finance team, connections with the Neo ecosystem, the team’s focus on user safety, and more. Additionally, Perlin launched a community campaign on Zealy, where users can participate in various community growth tasks.
Meme2Earn announced a meme campaign with a new cross-chain partner, Minima, a layer-one public blockchain network compact enough to run on mobile and IoT devices. Participants will be eligible to share from a pool of $1,500 in MINIMA tokens. The contest will run from 10:00 a.m. (UTC) on June 23, to 10:00 a.m. on July 7. Additionally, users who’ve claimed TIPS and performed at least one task on the meme platform will be eligible for an airdrop of TIPS for the first of the two-week campaign.
Unlocking the Chain released a new video showcasing two methods of acquiring NEO and N3 assets via bridging with assets purchased from custodial exchanges. The first method in the video utilized Flamingo Finance, and the second method used GhostMarket.
The vote for the GrantShares proposal Learn-to-Earn Education bot by MelkDAO concluded with 4/5 members in favor, and the time lock released the requested 6,670 GAS. Additionally, the Uplift Couponing for NEO proposal was put forth for discussion.
Flamingo Finance released statistics on the FLUND index-like DEX fund for Week 24 of 2023, which noted a total value of approximately $5.7 million, total minting rewards of $1.7 million, and total trading fee rewards of $289,000.
NNT Catch Up
DogeRift recently announced the beta release of its game client for Android devices, with iOS support planned for the near future. The team also shipped a new game update, providing a friend list feature, new football stadiums, and various other improvements.
Events
June 27: Meme2Earn hosting Community Fireplace on the official Discord server.
June 27: Flamingo hosting Community Lagoon on the official Discord server.
June 29: O3 Labs hosting Flamingo, Meme2Earn, Blockchain Cuties, and NNT on Twitter Spaces.
June 29: GhostMarket hosting NNT on Twitter Spaces.
Token Listings
NEO, bNEO, GAS, fUSDT, FLM, GM, TIPS, DOGER, and CANDY listed on O3 Swap.
KuCoin lists NEP-17 NEO and GAS.
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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