Coin98 Insights Profile picture
May 16, 2022 7 tweets 3 min read Read on X
1/ In the past week, there were a huge amount of seed projects called for capital.

A16z and Paradigm are 2 VCs that are the most active this week.

#Fundraising
2/ KuCoin - A Chinese CEX, successfully raised $150 M in Series B from Circle Ventures and Jump Crypto.

The funds will be used to broaden KuCoin’s ecosystem.
3/ Zora is a NFT Exchange, with a set of tools for developers to make their own NFT collection with ease.

Zora has raised $50 M, the investment round was led by Haun Ventures from Katie Haun.

Zora is going to launch ZoraDAO soon.
4/ MechaFightClub: A robotic fighting game on blockchains, currently being built by Irreverent Labs.

It closed a $40 M investment led by @a16z
5/ Co:Create, a perfect infrastructure for NFTs, helps unlock many potential for NFTs, brings them governance tokens, or even DAOs.

Co:Create raised $25 M in seed, in which a16z participated.

The fund will be used to continue the development of Co:Create.
6/ Jambo, a Web 3 Super-App, built by Africans, for Africans. Jambo has raised $30 M through a Series A round.

Paradigm led the investment round, along with many others, including: Pantera Capital, Delphi Ventures, Gemini Ventures,...
7/ Find out more about the fundraising market last week here:
coin98.net/kucoin-raised-…

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More from @Coin98Insights

Nov 18, 2022
A summary of the Proof of Reserves event's highlights Image
1/ What is proof of reserves (PoR)?

The traditional market carries the potential risk of dubious loans and accepts smaller collateral for loans.
Decentralized finance (DeFi) is a more transparent alternative to smart contracts that require collateral higher than the loan value.
Read 11 tweets
Oct 23, 2022
2022 is not over yet, but the hack/exploit value data that we composed in the link below is already massive. Then where is Insurance standing in this market? Are projects developing ways to prevent hacks?

Not really
1/ According to @DefiLlama, the Insurance TVL is currently about $450M. However, the 4 biggest projects already account for 90% of it. This shows that there’s not much competition here.
2/ In addition, when comparing the Insurance TVL with the total value hacked, the dominance is clearly on the hacked side (by approx. 14 times).
Read 13 tweets
Oct 16, 2022
All about Hack until Q4 2022.

Thread Image
1/ What is Hacking/Exploiting?

"Hack" (or "Exploit") is used to describe the behavior of unscrupulous actors that take advantage of smart contract flaws and vulnerabilities for their own gain. These attacks are usually difficult to detect until the consequences have occurred.
2/ The total amount of money lost is divided by different arrays

The majority of crypto breaches occur on centralized exchanges, bridges, and other DeFi tools (Lending/Borrowing, Yield Aggregator,...). Besides, an issue preventing the broad growth of DeFi is security flaws. Image
Read 9 tweets
Oct 1, 2022
Incentives are what projects use to attract users. They are used not only at launch, but also for as long as possible if there is no other solution.

Below are 5 common incentive methods since 2020:
1⃣ Liquidity Mining
2⃣ Retroactive
3⃣veToken & Gauge
4⃣Bonding
5⃣P2E Image
1⃣ Liquidity Mining (LM)

Liquidity Mining is a term used to describe projects rewarding users with their token. This is common in lending & dex projects.

In lending, users are incentivized to borrow or lend. In DEXs, they are incentivized to supply liquidity and stake LP token.
LM was first used by IDEX; however, it became widely popular thanks to @compoundfinance (Jun 2020). At that time, $COMP was used to reward both lenders & borrowers. Let’s see how LM affected Compound’s revenue. Image
Read 18 tweets
Sep 25, 2022
All about Stablecoin.

Thread Image
1/ What is Stablecoin?
The word Stablecoin is combined by “Stable” and “Coin”.
“Stable” in Stable Assets: Assets that have a high stability along with a low price volatility, compared to other assets in the market. They can be Fiat-currencies like USD, EUR,...

“Coin” represents the cryptocurrency market: Assets that is digitalized and tokenized as coins.
Read 15 tweets
Sep 23, 2022
Highlights of AMA @coin98_labs session on the topic “WHY $CUSD? WHY NOW?” Image
1/ What is $CUSD?

- $CUSD is a fully-backed stablecoin that aims to become a cross-chain unit of account that fulfills the demand for cross-chain liquidity in DeFi.
- With $BUSD and $USDC, $CUSD is a 1:1 converted/redeemable stablecoin.

Read more: blog.coin98.com/introducing-cu…
2/ Why does Coin98 issue $CUSD?

- Stablecoin growth will boost Coin98 ecosystem as they serve a similar role to Cross-chain.
- Help users to transfer funds across blockchains easily.
- Ensure Coin98's products get the most value from its application layers and DeFi users.
Read 11 tweets

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