Odaily News Idle, an on-chain credit and yield platform, announced the completion of a $1.1 million strategic round of financing, led by investment company RockawayX and participated by Fasanara Digital. As of now, Idle's total financing has reached $2.4 million. The company plans to use the funds to further develop on-chain credit infrastructure, etc. According to reports, Idle is a decentralized autonomous organization (DAO) that provides yield automation and hedging tools for the decentralized finance (DeFi) market. The platform has accumulated $300 million in liquidity and a trading volume of more than $2 billion. Idle previously raised $1.2 million in a seed round of financing led by Gumi Cryptos Capital in November 2020. (Theblock)

Odaily News SevenX Ventures will work with everVision and BuidlerDAO to launch a $10 million AO Ecosystem Fund to invest in and incubate early projects in the AO ecosystem and help accelerate the development of the entire ecosystem. In addition to financial support, everVision will also provide technical support to help projects better develop within the AO ecosystem. BuidlerDAO will organize hackathons and acceleration camps to lower the threshold for developers and entrepreneurs to enter the ecosystem and guide them to achieve sustainable development. Eraser, founding partner of SevenX Ventures, said: "As an early supporter who has been paying attention to and continuously investing in the Arweave ecosystem since 2011, SevenX is also optimistic about the prospects of AO. I am very happy to work with SevenX's portfolio, everVision and BuidlerDAO, to launch the first AO Ecosystem Fund, hoping to help developers better access the AO ecosystem and help the prosperity of the ecosystem."

Odaily News Blockchain game developer Supervillain Labs announced on the X platform that it has completed a $4.5 million seed round of financing, led by Aptos Labs and Intella X, with participation from Spartan Group, KIP-CRIT Interactive Contents Fund, Presto Labs and Planetarium Labs. The new funds will be used for the development of its games Supervillain: Idle RPG and Project ARK, and will use Aptos' blockchain technology to enhance user experience.

Odaily News Gridless, a mining company that has received investment from Jack Dorsey's Block, operates Bitcoin mines in Kenya, Malawi and Zambia. The company already owns 6 mines powered by renewable energy and is committed to the broader mission of protecting and decentralizing the Bitcoin network. (CNBC) Earlier in December 2022, it was reported that the East African Bitcoin mining company Gridless completed a $2 million seed investment, led by Bitcoin venture capital firm Stillmark and Jack Dorsey's payment company Block. It is reported that Gridless designs, builds and operates Bitcoin mining sites and small renewable energy producers in rural areas of Africa. Gridless acts as a major tenant, providing funding for the construction and management operations of data centers in these rural communities that do not have access to traditional industrial or commercial customers.

Odaily News Aptos Labs announced on the

Odaily News It is reported that BuildlerDAO passed the BIP-003 proposal and officially gave the resources, governance rights and token pools within the DAO to 12 organizations to become node guardians (Partners). The BuidlerDAO guardian consists of node guardians, governance guardians, and resolution guardians. The governance guardian (Governor) consists of 17 core contributors. The resolution guardian (sword holder) jointly manages the treasury multi-sig for the five guild heads. So far, there are 29 guardian characters in total.

Odaily News According to official sources, Web3 talent and project network BuidlerDAO has announced the completion of a $2 million angel round of financing, led by Sequoia Capital China Seed Fund and SevenX Ventures. Other participants include Bing Ventures, M77 Ventures, DRK Labs, Gate Labs, MirrorWorld, Conflux, Nicholas Hu (PlanckerDAO), Xiao Zhang (founder of zCloak Network), Paka, Vitalbridge, Inverse Ventures, and Doc Labs. BuidlerDAO is a project from the YUÈ01 cohort of Sequoia China's startup accelerator and has also received invitations to expand into Hong Kong Science Park and Cyberport. BuidlerDAO was established in June 2022, with a seed round investment of $500,000 from Panda Capital. BuidlerDAO brings together Web3 practitioners in areas such as investment research, technology, and operations. It organizes content output and product development in a DAO manner, aiming to build a global network for Buidler collaboration and connection. The main focus of development includes: 1. Continuously building a high-quality community centered around Buidler & Founder; 2. Establishing in-depth research brands in vertical fields such as economic models; 3. Product innovation practices based on DAO and creator economy; 4. Global incubation and acceleration of high-quality entrepreneurial projects.

Odaily News: Optimism Grants has announced the list for its fourteenth cycle, with a total distribution of 1,571,700 OP tokens, which is a decrease of 87,000 tokens compared to the previous cycle. There were a total of 97 applications received, out of which 28 projects were approved. The projects that received the highest grants include Clearpool, Idle, Liquity 1, and Wombat Exchange, each receiving 150,000 OP tokens. In addition, the application for the fifteenth cycle is now open, and the final deadline is August 31st.

Odaily News - Decentralized lending market Clearpool has expanded to Polygon zkEVM, aiming to provide users with fast transactions, increased fund diversification, and higher capital efficiency. Previously, Clearpool's operations supported the Ethereum mainnet and Polygon PoS network. Now, market makers Fasanara and Portofino have opened two permissionless loan pools on Polygon zkEVM Layer 2. In addition, Clearpool has partnered with decentralized yield automation protocol Idle to build DeFi primitives on the zkEVM pool, offering different risk-reward configurations. (The Block)

Odaily News: Recently, BuidlerDAO proposed BIP-001: Genesis Proposal and BIP-002: First Guardian Election Proposal. The proposals confirmed the first version of the whitepaper and formally established the treasury and multisig (with 5 sword-bearers), as well as elected the Head of the Council and the Guardians. The whitepaper is based on the principles of incentive compatibility, effective governance, and long-termism. It defines the organizational structure of the Council+Guardians, hierarchical decision-making mechanisms, and establishes a contribution incentive system combining reputation tokens ($BRP) and stablecoins. BuidlerDAO was launched in May 2022 and has gathered Web3 developers, researchers, and operators to organize content output and product practices in the form of a DAO. It aims to explore the governance paradigm of Social DAO and provide governance tool solutions, build a deep talent and project network, and promote the widespread adoption and prosperity of Web3 applications.