In this Aurora weekly update, Aurora CEO Alex Shevchenko breaks down the latest in the Aurora and NEAR ecosystem, including CEX listings, new dApp launches, an exploit, and more.
Read our notes below to learn more.
CEX Listing
On 19th of October, KuCoin listed Aurora.
Users can deposit and withdraw AURORA to/from Aurora network.
First exchange to integrate Aurora network directly.
Previously, users had to either buy tokens on NEAR, or on ETH and use rainbow bridge to transfer assets to Aurora.
Aurora community should be careful that they pay attention to what Network CEXs accept; some users have lost tokens by sending Aurora network tokens when the CEX did not accept them.
Allstars Digital Partnership
Bridging Web2 and Web3 together.
Gives sports fans a way to invest in their favorite players.
Arctic
New protocol deployed on Aurora recently.
Protocol combines different aspects from AMMs.
Utilizes efficient price curves.
Other Updates
Bastion (lending and stableswap protocol on Aurora)integrating notifinetwork for onchain alerts for interest rate and protocol announcements.
OpenOcean, is available on Aurora as an app on Gnosis Safe.
Stader (liquid staking provider) now live on Aurora and Trisolaris (leading DEX on Aurora).
Cypherpunk guild, a guild launched by NEAR community, announced incognito mode is coming to NEAR and Aurora.
B4B.WORLD launching testnet; aims to connect businesses with influencers, create marketing strategies.
Skyward Finance, a new launchpad/price discovery mechanism for IDOs had their treasury drained via exploit. Team prevented access to Skyward smart contracts but it was too late.
DeNites organized Lisbon event.
Q&A
Q: When ZK?
Team sees ZK tech being important for Rainbow Bridge improvements, which is already developed but not ready to be put into production for security reasons.
zkEVMs are also important as they can bring extreme scalability.
Team is working with zkSync, doing research.
Will likely be several years before ZK tech is ready for mainstream use.
Q: What DeFi dApps would you want on Aurora?
Aurora has fastest and cheapest transactions, sometimes 40x faster than Polygon and 5x cheaper than Avalanche.
Looking forward to games, entertainment being built on Aurora such as ticketing.
Looking for large Web2 brands to join Aurora.
Q: Will the Skyward hacker be able to sell on CEX?
Most likely, yes.
Skyward team is anonymous, probably wouldn’t be able to secure police order or communicate with CEX.
Hacker could sell NEAR tokens for others, migrate to new chains.