Protocol Village: Points-Trading Protocol Pichi Raises $2.5M, Daylight Launches Testnet

Thursday, Aug. 1

Switchboard Releases 'Oracle Aggregator,' to Help Prevent Price-Manipulation Attacks

Switchboard, a permissionless and customizable oracle network, has unveiled its new Oracle Aggregator allowing users to seamlessly "aggregate data across multiple oracle networks, including Chainlink and Pyth Network, hardening dApps against price manipulation attacks," according to the team: "In aggregating data off-chain, Switchboard’s new UI reduces the need for gas-intensive operations and increases data integrity. The new oracle aggregator also grants developers greater autonomy to select the exact sources they’d like to pull from and eliminate those that don’t meet their standards."

Pichi, Crypto Points-Trading Protocol, Raises $2.5M

Pichi Finance, a trustless points trading protocol offering price discovery to tokens pre and post-TGE, completed a $2.5 million seed funding round, led by UOB Venture Management, Signum Capital and Mantle Network. According to the team: "The investment will be used to target new points programs, to create vaults to earn yield and points together, and to expand to other EVM chains. We're unlocking the value of points through a trustless marketplace for trading these rewards. Our ERC-6551 account solution addresses the issue of points being tied to individual accounts, so users can securely and easily trade points.”

Daylight, Aiming to Enable 'Virtual Power Plants,' Launches Testnet, Raises $9M in Fundraise Led by A16z

Daylight, building a decentralized protocol that will eventually allow users to build "virtual power plants" using "distributed energy resources" (DERs), launched a testnet and announced a $9 million funding round led by the venture capital firm a16z. Framework Ventures and existing investors Lerer Hippeau, Lattice Fund and Escape Velocity also participated. According to an a16z crypto blog post, "The Daylight ecosystem is comprised of three core components:

1. The Daylight Protocol: an on-chain platform for distributed energy capacity and energy data, coordinated with the world’s first energy-backed currency;
2. The Daylight Marketplace: a marketplace that simplifies and standardizes distributed energy upgrades for homeowners and small business; and
3. The Daylight App: the central hub for connecting energy devices and a digital wallet for managing rewards."

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