Week in Internet Computer (#ICP) News, Apr 8, 2025
A motion was proposed to pause the Neuron’s Fund. To boost decentralization, the community suggested using on-chain validation via official Node Provider neurons for subnet proposals.
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Important Announcements
lvlUSD, a next-generation stablecoin backed by Dragonfly and Polychain, has officially launched on Oisy. lvlUSD offers users an attractive ~8.3% APY on stablecoin holdings.
Validation Cloud has partnered with DFINITY to bring enterprise-grade blockchain analytics to the Internet Computer (ICP). The collaboration aims to enhance data accessibility and insights for developers and enterprises building on the ICP ecosystem.
The ICP Ninja Hackathon has officially launched, attracting over 350 developers and 81 teams to compete in building blockchain solutions on the Internet Computer (ICP) network.
IC Protocol Updates
Revisiting Circulating Supply Definition
DFINITY proposed to adopt the definition that circulating supply is equal to the total supply of ICP.
DFINITY proposed to support disbursing maturity in NNS similar to SNS. Converting maturity to ICP is done through disbursing maturity: 7 days after the user “disburses maturity”, new ICPs are minted and sent to the account chosen by the user.
Motion proposal to pause the Neurons’ Fund
DFINITY proposed to pause the Neuron’s Fund.
Applications & Builders
Total Staked ICP: 233’602’871
ckBTC: 294.2470
ckETH: 1’047.5899
ckUSDC: 1’143’798
ckUSDT: 2’465’544
Neurons' Fund Maturity: 3,708,539
Total SNSs Treasury: 4,540,275
New members in Ecosystem: Big welcome!
Whirltrace, Privacy Tool for Chain Fusion.
icRamp, a decentralized multichain P2P onramping/offramping platform.
Canister Cloud, a secure, scalable, and fully on-chain document storage and management dApp designed for Human Resources (HR) departments.
Poki Wallet,a new, decentralized wallet designed for the IC ecosystem.
Bitcoin Gift Cards, users can send gift cards containing real Bitcoin (via ckBTC) to recipients who may not be familiar with cryptocurrency.
Upcoming Events
Apr 8-10,Paris Blockchain Week 2025, Paris, France
Jun 23-24, European DAO Workshop 2025, Switzerland
SNS Projects Updates
OpenChat
The team has announced support for native Bitcoin (BTC) within its integrated OC wallet and it will be converted automatically into ckBTC. OpenChat will now use the symbol BTC rather than ckBTC.
BOOM DAO
A new motion proposal requested approval from the BOOM DAO community to transfer 20 million BOOM tokens (2% of the total initial supply) from the DAO's treasury to the BOOM DAO Panama Foundation (Omniplay Foundation). This transfer aims to help mitigate the growing risk of fraudulent SNS treasury transfer proposals, which have recently targeted BOOM DAO and other SNS projects.
KINIC
The team is enhancing its AI-powered tool with key updates: a new "Ask AI" feature enabling deep dives into specific docs using LLM, multi-source selection via RAG, and a tab expansion option for smoother browsing. Beta testing continues as the design is finalized and Chrome Store launch approaches.
ICLighthouse
The DAO approved to transfer 25,000 ICP from the Treasury to the liquidity Dapp.
Community Highlights
Enhancing Network Decentralization - Proposals for Identity Verification and Subnet Allocation
To improve verifiability of Subnet Management proposals involving Node Providers (NPs), community members suggest introducing on-chain validation via official NP neurons. This would replace unreliable forum discussions, ensuring transparent and tamper-proof endorsements. The idea of slashable NP neurons is also gaining traction as a potential solution.
Feature Request: Granular NNS Voting
WaterNeuron team request granular NNS voting.
Community members are urging the return of control over the Sentinels collection.
Industry News
Custodia and Vantage Bank pulled off the first regulator-approved tokenization of U.S. dollar demand deposits on Ethereum.
The U.S. Securities and Exchange Commission (SEC) has released the official agenda and panelist lineup for its April 11 roundtable.
Malaysia's Crypto Policy Exploration: Following discussions with Abu Dhabi leaders and Binance founder Changpeng Zhao, Malaysia is considering establishing a cryptocurrency regulatory framework.
Mastercard is developing a blockchain-based network to facilitate digital asset transactions among consumers, merchants, and financial institutions.
