ARPA Monthly Report | July Progress Review
Dear ARPA community,
To make sure that fellows of ARPA community are well informed of the latest developments of the team, we will update the project dynamics and progress in ARPA community in our monthly report. Thank you all for your support!
This is July in the rearview. Enjoy!
01 ARPA Development Dynamics & Technology Progress
DeFi
- Investigated DeFi testing environment
- Confirmed DeFi behavior tests scenarios
- Investigated DeFi testing supplement contracts
- Investigated DeFi testing supplement contracts
- Designed DeFi dynamic liquidation/ bonus system
- Designed mechanisms for DeFi fund reserve
- Investigated DAO running mechanism
- Designed and ensured the security of smart contract oracle module
- Integrated with ChainLink Oracle
- Iterated and optimized Front-end UI/UX
- Designed mechanism for preventing DeFi liquidation with malicious intent
- Designed quadratic voting and similar voting method mechanism for DeFi governance module
- Analyzed the intervention mechanism of DeFi price-feed system
- Designed robot for DeFi project contract
- Configured and deployed DeFi project environment
MPC
- Drafted tutorial on Multiparty computation basic and applications
- TEE-based Trusted Computation Platform Association Standard Released
- Maintained and upgraded MPC mining pool system
- Updated and maintained main website
02 Community, Marketing & Listings
2020 Global DeFi User Survey Report
In July 2020, ARPA team conducted a DeFi questionnaire targeting blockchain and crypto users. The questions in the survey concerned the use of wallets and DApps, the participation of liquidity mining, and the pain points of using DApps in China and abroad.The Chinese version of the questionnaire collected more than 300 valid responses. The English version received more than 400 valid responses.
Key takeaways
- Only less than 1% of cryptocurrency users participate in DeFi.
- DeFi users seek a minimum return of 15% annually to justify perceived risks.
- Most DeFi users are experienced cryptocurrency users.
Our DeFi survey shows that the overall participation rate is far lower than the buzzword itself. Despite the recent hype, the fundamentals for DeFi sector are solid. New issuance of stablecoin fuels the supply side and market recovery stimulates the demand. The fast evolving ecosystem of DEX, developer tools, and cross-chain composability are going to take DeFi to the next level. At ARPA, we are going to release a suite of DeFi products to address current user painpoints and attract smaller holders to join the DeFi party.
Learn more at:
ARPA Foundation Burnt 10mil ARPA Tokens
ARPA foundation has conducted a new round of monthly token burn. 10,000,000 ARPA tokens were burnt in this round. This is worth about $215,000 at the current price. The amount burnt has been sent to the black hole address shown below.
Black hole address:
0x168115cf806009f8984f47c90033e9a9705b4f65
TXID:
0xa106c9fea82f05c61df1fb3286e1c6c79548d178cd2fceb3b75a63bb3ca5c6d0
Browser address:
https://cn.etherscan.com/tx/0xa106c9fea82f05c61df1fb3286e1c6c79548d178cd2fceb3b75a63bb3ca5c6d0
ARPA Attends Binance’s 3rd Anniversary Conference, Participating in Two Roundtable Discussions
On July 14, ARPA’s co-founder & CEO Felix Xu was invited to Binance’s 3rd anniversary online summit “Off the Charts” and was a guest speaker in two roundtable discussions.
Felix joined the panel themed “The future of public blockchain and its applications” with Da Hongfei, founder of NEO; Shuai Chua, Founder of QTUM; and Veronica, CEO of SafePal.
Felix also had a roundtable discussion with Calvin Liu, strategy leader of Compound, and 1Inch CEO Sergej Kunz. The roundtable focused on the prospect of DeFi.
Learn more at:
ARPA attended T-EDGE X Global Blockchain Summit
On July 17, ARPA co-founder & CEO Felix Xu was invited to attend the “T-EDGE X One World in Tech Global Blockchain Summit” and gave a keynote speech and roundtable sharing with academicians from the Chinese Academy of Engineering, Ant Financial, QCloud Blockchain and many other professionals from blockchain industry. The live online broadcast was watched by more than 300,000 viewers!
Felix shared the current state of privacy-preserving computation, driving forces, and industry pain points in his presentation. He mentioned that the biggest driving force for the development of privacy-preserving computation is regulation. The biggest reason why people are paying more and more attention to personal privacy protection is due to increasingly strict nation wide data protection act and other privacy-related legislations.
Felix thinks that the entire privacy-preserving computation industry is still at its early stage, and it is easier to cut-in from the financial field, because its data value is relatively high.
At the same time, the digitalization and data structuring degree of this field is comparatively deep. He believes that in the next five or ten years privacy-preserving computation will develop tremendously.
Felix thinks that the ultimate goal of privacy-preserving computation is to protect everyone’s data and their data right & data ownership. In the end, the value of these data can be returned to users, or give back to those enterprises. We can one day realize the ambitious goal of turning data into an asset class.
Learn more at:
The children in rural area in Guizhou received the books we donated
This Children’s Day, ARPA & AEX launched the “Little Angel” Charity Event.
ARPA donated 20,000 ARPA to the campaign as a charitable fund and donated a number of children’s books to those in rural areas in Guizhou.
Affected by the epidemic, the book only recently arrived in rural areas of Guizhou, the event organizers sent back photos from the front.
The Guizhou Provincial Education Development Foundation presented ARPA the “Angel of Love” certificate in appreciation of the help ARPA provides to the children in the rural areas of Guizhou.
ARPA has always been using our project to promote community development and giving back to society, thank you all for your support! Please stay tuned to our progress in the future!
ARPA Listed on “Top 10 promising projects with market cap under $10 m”
Famed coin KOL G. Crypto published “Top 10 promising projects with market cap under $10 m”on July 3 and ARPA came out top! At the same time, ARPA’s trading volume and liquidity are also among the best. This list shows that ARPA’s influence in the international community is growing rapidly.
G. Crypto and CryptoDiffer have nearly 100,000 followers worldwide, making them one of the top KOL.
ARPA Named as “2020 Top 30 Privacy-Preserving Computation Enterprise”
On July 5th, 2020, SLIBRARY, a leading “digital economy “focused think-tank in China, held the Hangzhou blockchain subforum on the topic of “privacy-preserving computation: Making Data Flow Securely and Freely” in Hangzhou. It was cohosted by Hangzhou Yuhang district government, 8BTC, Hainan Big Data Management Bureau, Shanghai Artificial Intelligence Development Organization, Yangtze River Delta Joint Conference, New Fortune, etc.
This is the largest summit focusing on privacy-preserving computation in China of all time, and was attended by industry experts, internet giants, companies, investment institutions, academic institutions, and mainstream media from all over the world. They focused and discussed important topics such as “cryptography”, “multi-party secure computing”, “data security”, “federal learning”, etc. In addition, the forum also released the “Top 30 privacy-preserving computation Industries of 2020” list.
As one of the leading companies in the privacy-preserving computation industry, ARPA was very honored to be named as “2020 Top 30 Privacy-Preserving Computation Enterprise” and won the “2020 Privacy-preserving Computation Emerging Power” award.
ARPA CEO Attends and Speaks at Digital Summit 2020
On July 10, ARPA co-founder & CEO Felix Xu was invited to attend the Digital Summit 2020 and deliver a keynote speech. The speech focused on the ARPA startup stories, privacy-preserving computing, and user habits and user portraits of Chinese and foreign DeFi ecosystems. The live broadcast had over 15k audiences, mainly Russian-speaking users.
The main venue of Digital Summit 2020 in Russia brought together leading projects and teams in the blockchain industry, with more than 50 top experts and delegates discussing and sharing their experiences on cutting-edge blockchain technologies, market prospects, and project experience.
About ARPA
ARPA is a blockchain-based solution for privacy-preserving computation, enabled by Multi-Party Computation (“MPC”). Founded in April 2018, the goal of ARPA is to separate data utility from ownership, and enable data renting. ARPA’s MPC protocol creates ways for multiple entities to collaboratively analyze data and extract data synergies, while keeping each party’s data input private and secure. ARPA allows secret sharing of private data, and the correctness of computation is verifiable using information-theoretic Message Authentication Code (MAC).
Developers can build privacy-preserving dApps on blockchains compatible with ARPA. Some immediate use cases include: credit anti-fraud, secure data wallet, precision marketing, joint AI model training, key management systems, etc. For example, banks using the ARPA network can share their credit blacklist with each other for risk management purposes without exposing their customer data or privacy.
Team members have worked at leading institutions such as Google, Amazon, Huawei, Fosun, Tsinghua University, Fidelity Investments. ARPA is currently assisting the China Academy of Information and Communications Technology in setting the national standard for secure multi-party computation. ARPA is a corporate member of MPC Alliance and IEEE and is in partnership with fortune 500 companies to implement proof-of-concepts and MPC products. In 2019, ARPA was named as the Top 10 most innovative blockchain companies in China by China Enterprise News and China Software Industry Association.
For more information about ARPA, or to join our team, please contact us at about@arpachain.io.
Learn about ARPA’s recent official news：
Telegram (English): https://t.me/arpa_community
Telegram (Việt Nam): https://t.me/ARPAVietnam
Telegram (Russian): https://t.me/arpa_community_ru
Telegram (Indonesian): https://t.me/Arpa_Indonesia
Telegram (Thai): https://t.me/Arpa_Thai
Telegram (Philippines):https://t.me/ARPA_Philippines
Telegram (Turkish): https://t.me/Arpa_Turkey
Telegram(Sri Lanka):https://t.me/arpa_srilanka
Telegram(Africa):https://t.me/arpaafrica
Korean Chats: https://open.kakao.com/o/giExbhmb (Kakao) & https://t.me/arpakoreanofficial (Telegram, new)
Medium: https://medium.com/@arpa
Twitter: @arpaofficial
Reddit: https://www.reddit.com/r/arpachain/
Facebook: https://www.facebook.com/ARPA-317434982266680/54
