The Procedure: Polyhedra Promises Buyback Strategy After Liquidity Attack
Also: Optalysys: New Server for Blockchains, and Ink Structure Plans Token Airdrop.
I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter.In this problem: Polyhedra Blames Liquidity Attacks for Unexpected 80% Price Drop in ZKJ, Guarantees BuybackUK Startup Optalysys Debuts Server for BlockchainsKraken-Backed Ink Foundation to Airdrop INK Token, Beginning With Aave-Powered Liquidity ProtocolUnknown block type “divider”, define a part for it in the ‘components.types’ optionNetwork NewsPOLYHEDRA BLAMES LIQUIDITY ATTACKS FOR DROP IN TOKEN RATE, RELEASES BUYBACK STRATEGY: Polyhedra, a crypto procedure, announced a buyback plan to bring back trust after its token, ZKJ, dropped over 80% in minutes. One eliminated about $4.3 million in liquidity company (LP) tokens and discarded 1.57 million ZKJ; others followed, dumping close to 1 million ZKJ each.– Ian Allison Read more.INK Structure TO AIRDROP TOKEN: The Ink Structure, the not-for-profit behind layer 2 Ink, is releasing its native token INK in an effort to bootstrap on-chain capital markets through a liquidity-first method.
I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter.In this problem: Polyhedra Blames Liquidity Attacks for Abrupt 80% Cost Drop in ZKJ, Promises BuybackUK Start-up Optalysys Debuts Server for BlockchainsKraken-Backed Ink Foundation to Airdrop INK Token, Beginning With Aave-Powered Liquidity ProtocolUnknown block type “divider”, specify an element for it in the ‘components.types’ optionNetwork NewsPOLYHEDRA BLAMES LIQUIDITY ATTACKS FOR DROP IN TOKEN COST, LAUNCHES BUYBACK PLAN: Polyhedra, a crypto protocol, announced a buyback strategy to restore trust after its token, ZKJ, dropped over 80% in minutes. One gotten rid of about $4.3 million in liquidity provider (LP) tokens and dumped 1.57 million ZKJ; others followed, discharging close to 1 million ZKJ each.– Ian Allison Read more.INK Structure TO AIRDROP TOKEN: The Ink Foundation, the nonprofit behind layer 2 Ink, is releasing its native token INK in an attempt to bootstrap on-chain capital markets through a liquidity-first strategy. And unlike other Superchain members, Ink states its layer 2 governance will stay different from the token. The filing details a $100 million private investment in public equity (PIPELINE) offer, paid entirely in TRX tokens, that provides Sun’s daddy, Weike Sun, board control and positions Tron-aligned consultants in key governance roles.
