Protocol Village: Credbull Raises $5.2M, Aave Comes to ZKSync Era

Yonsei
University’s
AI
researchers
will
use

Theta
EdgeCloud
to
accelerate
AI
model
training
and
inference
for
research
in
machine
reasoning
and
data
mining,

according
to
the
team:
“Led
by
Professor
Dongha
Lee,
the
lab
will
develop
advanced
tools
like
a
table
reasoner
and
summarizer
to
extract
implicit
knowledge
from
tabular
data.
By
utilizing
Theta’s
scalable
platform,
the
lab
can
reduce
costs
by
more
than
50%
compared
to
traditional
cloud
services.”

PROTOCOL
VILLAGE
EXCLUSIVE:

Credbull,
which
in
April
launched
what
it
described
as
the
“first
licensed
on-chain
private
credit
fund”
on
the
Polygon
PoS
blockchain,
announced
a
$5.2M
funding
round
led
by
GnosisVC,
with
strategic
participation
from
Outlier
Ventures,
HODL
Ventures,
XBTO,
LucidBlue
Ventures,
CryptoHedge,
Marcello
Mari
(SingularityDAO)
and
others.
According
to
the
team,
“Credbull
aims
to
democratize
private
credit
RWA
investments
by
connecting
traditional
finance
with
Web3.”

The
founders
of

VitaDAO,
a
Web3
community
devoted
to
longevity
health
research
and
products,
launched

BIO,
a
“new
protocol
enabling
global
communities
of
patients,
scientists
and
biotech
builders
to
collectively
fund
and
commercialize
new
therapeutics,”
according
to
the
team:
“Revenue
from
new
therapeutics
flow
back
into
the
BIO
Network,
creating
value
for
network
participants.
BIO
completed
the
first
round
of
its
TGE,
raising
$6.2
in
a
public
sale,
with
participation
from
VCs
like
Zee
Prime,
1kx
ID
Theory.
Details
on
the
second
round
of
BIO’s
TGE
will
be
announced
soon.”
According
to
the
project
documentation:
“BioDAOs
raise
funding
via
token
sales,
and
use
their
treasuries
to
back
and
develop
biotech
projects
related
to
their
mission,
creating
shared
IP
ownership
between
their
members.
BioDAOs
use
Molecule’s
onchain

IP
framework
to
own,
license,
and
transact
in
intellectual
property
generated
from
the
projects
they
support.”

Myco.io,
a
Web3
streaming
platform,
announced
a
strategic
partnership
with

Aptos
Foundation
to
ship
content
on
the
Aptos
blockchain.
According
to
the
team:
“The
collaboration
will
focus
around
technical
integration,
developing
builder
resources
and
a
mutual
commitment
to
advancing
Web3
technologies
and
delivering
next-generation,
decentralized
digital
streaming
experiences.”

(APT)

Aave,
the

biggest
DeFi
lending
protocol
with
a
total
value
locked
of
$11.9
billion,
announced
the
launch
of
Aave
V3
on
Era
Mainnet,
powered
by

ZKsync.
According
to
the
team,
“Aave
can
access
advanced
ZK
tech
with
low-cost
transactions
while
deriving
security
from
ETH
with
cryptographic
validity
proofs.”

Chainlink,
the
blockchain
oracle
project,
“will
provide
secure
and
reliable
price
feeds.”
Aave
founder
Stani
Kulechov
said
in
a
statement
relayed
by
a
spokesperson
for
the
project:
“Era
Mainnet
offers
the
highest
level
of
scalability
and
performance
and
with
zero
knowledge
proofs,
the
opportunity
to
add
privacy
capabilities
and
additional
security
for
users
and
institutions.
Additionally,
the
Elastic
Chain
ecosystem
can
expand
to
accommodate
various
institutional
use
cases
while
ensuring
scalability.”

(AAVE)
{{ZK}}

Aave,
which
had
already
deployed
on
the
Ethereum
layer-2
network
Metis,
has
integrated
METIS
as
collateral,
“enhancing
capital
efficiency
for
users,”
according
to
the
team:
“With
a
30%
LTV
ratio,
users
can
borrow
assets
based
on
their
METIS
holdings.
This
offers
liquidity
without
selling
METIS,
access
to
various
financial
tools
and
benefits
from
faster,
cheaper
transactions
on
Metis
compared
to
Ethereum
mainnet.”

Mira,
a
decentralized
AI
infrastructure
platform,
hired

Ninad
Naik,
a
former
Uber
executive,
as
chief
product
officer.
According
to
the
team:
“In
his
new
role,
Ninad
will
spearhead
product
innovation,
playing
a
crucial
role
in
Mira’s
mission
to
expand
global
AI
access
through
decentralization.
Ninad
joins
Mira
from
Uber,
where
he
led
the
core
marketplace
product
for
Uber’s
food
and
grocery
delivery
business
globally.
Prior
to
Uber,
Ninad
has
held
multiple
GM
and
product
leadership
roles
at
Amazon
across
its
AI,
hardware,
and
marketplace
businesses.”

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