Quick Take
Frax approves BUIDL as collateral.
Kartik introduces Anon World.
IDRISS announces its IDRISS token.
Claims for ZKsync’s $ZK close soon.
Frax Approves BUIDL Collateral
Frax governance approved the integration of BlackRock’s BUIDL tokenized U.S. Treasury fund as collateral for its Frax USD stablecoin. The proposal introduced by Securitize in December 2024, positions BUIDL as a yield-generating, low-risk asset for Frax USD's reserves. BUIDL invests in U.S. Treasury bills, notes, cash, and repurchase agreements, focusing on liquidity and stability. Pegged to the U.S. dollar, BUIDL is issued as an ERC-20 token and is available on Ethereum, Polygon, Avalanche, Optimism, and Arbitrum. In September 2024, Securitize collaborated with Ethena Labs to launch UStb, a new stablecoin also backed by the BUIDL fund. Frax USD is currently a top 10 stablecoin by market cap.
Anon World Social Network
Blockchain developer Kartik introduced Anon World, an anonymous social network built on Farcaster. The platform allows users to browse and create anonymous posts by leveraging zk-based credentials, which are generated and stored locally in the user’s browser. The verified credentials enable users to make anonymous posts, which are then shared to X and Farcaster. Anon World combines anonymous and non-anonymous replies within a Reddit-like interface. Currently, the platform supports ERC20 credentials on Base, with plans to expand to additional chains and credential types in the future. It also facilitates the creation of new communities—groups of users connected by shared credentials, backed by a token, and linked via a shared Farcaster account and wallet.
IDRISS Announces IDRISS Token
IDRISS, a browser extension designed for crypto micropayments, direct trading, and DAO vote alerts, introduced its governance token, the IDRISS token. The token will be native to Base and the Superchain, with a total supply of 1 billion. A retroactive airdrop of 20% of the supply is planned for application users on January 27th. The IDRISS extension enables users to send and receive crypto directly on X and Farcaster, featuring tipping badges for registered users. IDRISS also supports Polymarket trading. Looking ahead, IDRISS plans to launch a revenue-sharing mechanism in Q2 2025.
ZKsync ZK Claims Close January 3rd
Token claims for ZKsync’s ZK token airdrop will close on January 3, 2025, at 11:59 PM CEST. Unclaimed tokens will be returned to the token assembly. ZKsync launched its ZK token on June 17, 2024, with 3.67 billion tokens allocated for the initial airdrop. Approximately 100 million tokens remain unclaimed. ZK token holders can delegate, propose, and vote on protocol upgrades.
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