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Cap Labs: CAP token TGE will be issued within the next two weeks.
According to Foresight News , stablecoin protocol Cap Labs tweeted that the CAP token TGE is expected to take place within the next two weeks, with the Stabledrop event following shortly after. Further details will be announced later. According to a previous report by Foresight News , the stablecoin protocol Cap Labs launched a CAP token auction on June 8. The token allocation ratio in the auction was reduced from the original plan to 4%, with the remaining 1% to be launched through secondary token sales channels. Tokens sold through Uniswap CCA will be issued in the form of Redeemable CAP (rCAP), and users need to exchange them for official CAP tokens during TGE.
Pendle named to Fortune magazine's Crypto Innovators list
According to Foresight News , Pendle tweeted that he has been selected for Fortune magazine's Crypto Innovators list. The list selects 30 projects from more than 150 nominations, and the list also includes traditional financial institutions such as State Street Bank, DBS Bank, and SBI Holdings. Pendle states that on-chain fixed income has long lacked product forms comparable to traditional finance. While floating yields are ubiquitous, tools for locking in known interest rates or expressing a clear view on duration have consistently failed to achieve large-scale adoption. Pendle aims to fill this gap; its protocol's TVL has already reached billions of dollars, and the market share of stablecoin yields and institutional funds continues to grow.
Cap Labs adjusts CAP token auction plan: auction allocation ratio reduced to 4%, rCAP will be exchanged for CAP on TGE.
According to Foresight News , stablecoin protocol Cap Labs has announced adjustments to its CAP token auction. The tokens sold through Uniswap CCA will be Redeemable CAP (rCAP), which users must redeem for official CAP tokens during the TGE (Time-Based Exchange). The token allocation in the auction has been reduced from the original plan to 4%, with the remaining 1% offered through secondary token sales. The official statement indicates that they have coordinated with centralized exchange partners to determine the official TGE date for CAP, which will be announced after the second token sale concludes. Pre-auction bidding will begin on June 8th. According to a previous report by Foresight News , Cap Labs tweeted that it would be publicly selling 4.5% of its CAP tokens this month through a Uniswap Continuous Liquidation Auction (CCA), with another 0.5% to be sold on other platforms at the CCA settlement price. Payment would be in USDC, with an initial FDV of $75 million. Tokens would unlock at TGE. The schedule was as follows: KYC and registration from June 1st to 8th; pre-bid period for whitelisted users from June 8th to 10th; early bidding from June 10th to 11th; public bidding from June 11th to 17th; and the TGE date to be determined.
The Saturn Foundation has launched the Gravity Accelerate campaign, where certain pendle actions can earn double points.
According to Foresight News , the Saturn Foundation, a DeFi digital lending protocol, has launched the Gravity Accelerate campaign. From 21:00 Beijing time on May 27th to 21:00 on June 6th, users can earn double Gravity points by performing specific pendle operations on the BNB Chain and Ethereum mainnet. According to a previous Foresight News report, Saturn tweeted that the Saturn Foundation may allocate up to 5% of the initial token supply to participants in the first quarter. User allocations will be distributed proportionally based on Gravity points held at the end of the first quarter. The first quarter will end early, either on August 8th or when the project reaches its capacity limit, whichever is earlier. Gravity points are earned through protocol activity and do not possess monetary value, asset rights, or transferability.
The decentralized reinsurance protocol Re is about to undergo TGE.
According to Foresight News , decentralized reinsurance protocol Re tweeted that it will soon be conducting a TGE (Tegret Generative Geosystems) with the governance token named RE. Full details regarding the TGE, including governance scope, participation requirements, and token economic model, will be released in a future official announcement.
Brevis Vera, an image profiling tool, is open-source, introducing zero-knowledge proofs into image profiling.
According to Foresight News , Brevis, a zero-knowledge proof infrastructure project, has officially launched Brevis Vera, an image provenance tool now available to all users. Users can capture images using cameras or mobile phones that support the C2PA standard, perform editing operations such as cropping, exposure adjustments, and color adjustments within Vera, and generate a zero-knowledge proof document that can be independently verified by any third party in a browser. This allows for complete proof of the image's origin and processing chain without compromising the privacy of the source media or editing process. Brevis Vera was unveiled as an interactive concept demo in March of this year. The full version released this time introduces a zero-knowledge proof mechanism into the C2PA protocol stack, aiming to serve as a complementary primitive that can be used by existing editing tools such as Adobe Photoshop, rather than a competing alternative.