TechnoNews

15/10/2021

30/09/2021

Talisman to Launch DotSama - Web3 Wallet for Polkadot in November

Talisman will release an early version of the DotSama wallet for Polkadot by the end of November following the completion of the second round of seed funding.
Talisman, a wallet developer for Polkadot, has raised $ 2.35 million from investors. These include Hypersphere Ventures, Koji Capital, Advanced Blockchain AG and several anonymous Flex Dapps investors.

Announced under the name DotSama (combining the names Polkadot (DOT) and Kusama (KSM)), the Talisman wallet provides cross-compatibility between Polkadot and Kusama. The capabilities of the first DotSama asset dashboard are as follows: hosting KSM and other parachains, Karura integration for decentralized exchange, Polkadot Crowdloan support. The other major features, reflected in the Talisman roadmap, will be implemented in the future. This is NFT and Shiden Dapp staking.

Commenting on the decision to support the project, Jack Platts, a partner at Hypersphere Ventures, said: "Talisman could be a Paraverse gateway for casual users."

After receiving initial funding, the project team will strive to expand and add new features to make it easier for users to interact with the Paravers DotSama ecosystem. It will be formed thanks to the Kusama parachain auctions.

The first round of parachain auctions was completed in June, the second round is ongoing. Another slot auction will take place over the next seven days, ahead of a temporary hiatus that occurs before the third round. The winners of the parachain auction will connect to the Polkadot network, possibly increasing liquidity in the Kusama and Polkadot ecosystems.

30/09/2021

Compound Finance users receive extra $ 80 million in rewards

A bug was discovered in the DeFi Compound Finance protocol update released a few hours ago that caused users to receive extra $ 80 million in rewards. The update adopted a proposal that changes the distribution of COMP token rewards between liquidity providers and users. If earlier the distribution was in a 50/50 proportion, now the calculation is carried out according to the ratio of the volume of loans and liquidity. An error in the Comptroller contract resulted in some users being able to receive excessive rewards. Users have already transferred extra $ 50 million worth of COMP tokens to their wallets. “There was unusual activity in the distribution of COMP after the update was activated. User funds are safe, our team is investigating discrepancies in the distribution of tokens, ”says Compound Finance. As Robert Leshner, founder of the protocol company Compound Labs, later said, 280,000 COMP tokens were at risk for a total of $ 80 million. The team has no way to prevent further distribution of tokens: “There are no administrator rights or other tools to disable distribution of COMP tokens. Any changes to the protocol must go through a seven-day approval process to be activated. " As a reminder, Compound Finance is one of the largest lending protocols out there. Now the project has blocked assets for $ 9.97 billion. In November last year, user positions for $ 89 million were liquidated in the protocol due to the failure of the Coinbase price oracle for the DAI token.

30/09/2021

30/09/2021