This week’s featured interactive project: Succinct and Solv Protocol

Original | Odaily Planet Daily

Author | Asher

This month, the “money-grubbing party” began to reap the fruits. First, there was the Taiko airdrop, then io.net released the token economics, and the community was speculating that zkSync would issue a token this month ( click here to view: this months potential hot airdrop collection ). Persist in interaction, and there will always be gains. Today , Odaily Planet Daily sorted out two projects worth participating in this week based on financing conditions, project popularity, and other aspects.

Succinct: Core ZK infrastructure

Reasons to participate

Image source: Official Twitter

Succinct uses zero-knowledge proof technology to ensure the authenticity and trustless verification of blockchain applications, thereby improving the security and reliability of the system. Its key features include authenticity protection, trustlessness, scalability and an open ecosystem, providing a foundation for the development of a new generation of blockchain architecture and promoting innovation and cooperation through standardized interfaces and price advantages.

Succinct has currently completed its second round of financing (seed round + A round) with a total amount of US$55 million , led by Paradigm, with participation from Robot Ventures, Bankless Ventures, Geometry, ZK Validator and several angel investors.

Succinct raises $55 million in seed and Series A rounds

Interactive Tutorial

Currently, the main interactions are completed in the official Discord ( click here to jump to the official Discord invitation link ). The specific operations are as follows:

STEP 1. Obtain channel identity: Enter the official Discord and enter the commands channel, enter /claimrole and enter gmoon math as the code to obtain the gmoon math identity

STEP 2. Complete the sign-in task: enter the gmoon-math channel and send gmoon math (currently limited time sending, can only be sent once an hour)

STEP 3. Check your points: Enter the commands channel, type /stats and then enter your Discord ID

summary

Succinct is a famous brand airdrop and currently you can participate in the interaction at 0 cost. It is worth participating every day to get more gmoon maths points.

Solv Protocol: Bitcoin Ecosystem Basic Income Protocol

Reasons to participate

Image source: Official Twitter

Solv Protocol is a full-chain basic income protocol exclusive to the Bitcoin ecosystem, which can be benchmarked against Lido, the Ethereum ecosystem re-staking protocol. By converting idle basic assets into interest-bearing assets, it promotes cross-protocol and cross-ecological free combinations to create a more efficient liquidity allocation method. SovBTC is a full-chain Bitcoin interest-bearing asset issued by Solv Protocol. It is essentially an ERC-20 token with considerable liquidity. It can create safe basic income for the idle assets in the users wallet through staking. According to official information, the total locked-in amount is currently nearly 1.3 billion US dollars, and the total number of interactive users exceeds 202,000.

Image source: official website

Solv Protocol has completed three rounds of financing, totaling US$11 million, namely:

• On May 10, 2021, it announced the completion of a US$1 million seed round of financing, led by The Spartan Group, Axia8 Ventures, IOSG Ventures, Hashed, Krypital Group, GBV Capital, and MapleLeafCap;

• On December 1, 2021, it announced the completion of a $4 million seed round of financing, led by Blockchain Capital, Sfermion and Gumi Cryptos Capital, with participation from DeFi Alliance, Axia 8 Ventures, TheLao, CMSholdings, Apollo Capital, Shima Capital, SNZ Holding, Spartan Group and others;

• On August 1, 2023, it announced the completion of a US$6 million seed round of financing, with investments from Laser Digital, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners China, Bing ventures, Apollo Capital, HashCIB, Geek Cartel, Bytetrade labs and other institutions under Japanese banking giant Nomura Securities.

Solv Protocol Completes $11 Million in Financing

Interactive Tutorial

This time, Solv Protocol and Binance Web 3 Wallet jointly launched a large-scale airdrop event to jointly accelerate the development of the BTCFi ecosystem. Participants have the opportunity to share 150,000 SOLV tokens, accounting for 0.15% of the total supply of governance tokens. The event time is: June 4th 14:00 to June 18th 07:59 Beijing time. In short, SOLV has the possibility of being listed on Binance, and low-cost investment in staking is worth participating in by money-making parties.

Solv Protocol and Binance Web 3 Wallet Joint Airdrop Event

First, deposit a small amount of BNB and BTCB in the Web 3 wallet. For information on how to find the Binance Web 3 wallet and exchange BTCB, please refer to this tutorial by BounceBit ( click here to jump ). The specific process is as follows:

STEP 1. Enter Binance Web 3 Wallet and click Solv Protocol task, then click “Stake Now”

STEP 2. Connect your wallet and stake at least 0.0001 BTCB

STEP 3. Return to the initial activity interface and verify the task status

summary

For Solv Protocol, even if you are not willing to directly participate in the Bitcoin ecosystem asset staking ScoreBo token airdrop, it is worthwhile to participate in this Binance Web 3 wallet task. You only need to stake more than 0.0001 BTCB, and perhaps the income will be comparable to that of BounceBit.

This article is sourced from the internet: This week’s featured interactive project: Succinct and Solv Protocol

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