Winter ended early!

February 2024 Cronos blockchain newsletter: zkEVM litepaper, CRO staking emissions, launch of Orby and Wingalaxy, Fulcrom reaches 1 B$, CorgiAI pays for your transaction fees.

Welcome to the February 2024 Cronos newsletter! This post recaps the latest launches and campaigns announced by apps in the #CROFam ecosystem. Not financial advice.

• Cronos Labs released v1.0 of the Cronos zkEVM litepaper. Cronos zkEVM is a zero-knowledge layer 2 blockchain on top of Ethereum mainnet. Litepaper highlights include:

  • ⏩ Scalability and modular data availability

  • 💧 Shared liquidity among hyperchains

  • 💰 Yield bearing crypto-assets, backed by proof of stake & lending protocols

  • 💸 Native account abstraction, to pay fees in multiple tokens

  • And more:

  • 🥇 (Soon) Testnet quests and proof of participation for early #CROFam

    adopters

  • 👑 (June 2024) Mainnet launch together with quests and snapshots

• Cronos POS chain’s governance voted “yes” at 98% on a proposal to adjust CRO emissions parameters and increase staking APR, as a result of the chain’s success in increasing the CRO staking ratio well above 30%. Higher staking yields will ramp up gradually over the coming months.

• Decentralized stablecoin lending protocol Orby network launched on Cronos, offering interest-free borrowing. $USC is the stablecoin issued by Orby. #CROFam can use $CDCETH as collateral to mint $USC. Several new USC-based based liquidity pools launched on VVS (up to 50+% APY) and on Ferro (up to 20+% APY). Orby has launched a Zealy campaign - top 50 on leaderboard will win from a pool of USD3,000 in future $ORB.

• Wingalaxy, a winner-takes-all racing game, will launch in a few days. To celebrate, they launched a Zealy campaign (ends 22 May) - top 100 on leaderboard will win from a pool of USD3,000 in $CRO.

• Veno offers 20+% yield on CRO with its CRO liquidity strategy vault in partnership with Ferro. Visit the Veno website for details.

• Bored Candy City launched the Candy Melon game on iOS and Android app store. They announced the Watermelon GameTournament, involving a battle of the blockchains, starting on March 11th.

• Cronos Chimp Club kicks off Season 3 of Chimpay, introducing the concept of banana scrolls.

• Zoomer Squad is launching the Playground Season 3.

• Notifly launched on Cronos. Using AI, Notifly enables you to keep track of the latest crypto news as it breaks. Notifly summarizes the latest news from 50 projects including NFTs, tokens & exchanges.

• Perpetual trading platform Fulcrom achieved significant milestones on Cronos: US$1 billion in trading volume and US$1.5 million revenue generated. They are now launching croMania (ends 28 May) - stand a chance to win from US$ 50,000 in $FUL by trading & staking FLP on Fulcrom.

• CorgiAI pays for your fees… Corgi will airdrop the equivalent of a 50% rebate on all your Cronos transaction fees. Conditions apply.

• $CRO ranked top 5 cryptocurrency by 1-day social interactions! Thanks fam.

• Single Finance announced their Game of Thrones campaign with a $1500 prize pool for #CROFam.

• Ebisus' Bay released a major update to their roadmap, covering several new feature in Ryoshi Dynasty.

• Crowboy Labs released a game sneak peek update of their upcoming game powered by Unreal Engine.

• CroSkulls announced the Kimera Project, the next phase of their gaming protocol expansion.

• Earn Network, a graduate of the Cronos accelerator program, announced the latest quests to participate in their airdrop campaign. They are partnering with CroSkull to launch the GRVE staking pool offering both GRVE and NFT token rewards.

• Minted ran a trading competition between Feb 1st and Feb 29th. Tens of thousands of MTD in prizes.

• Kaching ran a Lunar New Year giveaway, giving out 8,888 in KCH.

• Listen to the recording of the Cronos AMA on NFTs & Gaming.

• Cronos was mentioned in Forbes and Techopedia, among other publications.

• Cronos Explorer will replace Cronoscan at the end of March 2024. All Dapp developers should update their links accordingly and verify their smart contracts on the Explorer API.

• Would you like to add your product launch or giveaway campaign to this monthly newsletter? Contact Cronos Labs.

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