A Weekly Observation of Polkadot Ecology丨Kusama Starts a Stable Auction Rhythm, Over 18 Million DOTs Will Be Used to Build Polkadot Ecosystem
Produced by the Polkadot Ecological Research Institute, it must be a boutique
Polkadot's one-week observation is a summary of what happened to Polkadot's entire ecology last week, and we will also share some of our observations on these events in the form of vernacular. This article is intended to provide information and opinions, and does not endorse any project. Any project mentioned is not for investment recommendation, but for information display only.
Observation and Viewpoint
Produced by the Polkadot Ecological Research Institute, it must be a boutique
Polkadot's one-week observation is a summary of what happened to Polkadot's entire ecology last week, and we will also share some of our observations on these events in the form of vernacular. This article is intended to provide information and opinions, and does not endorse any project. Any project mentioned is not for investment recommendation, but for information display only.
Observation and Viewpoint
Although the expected bidding time for the Polkadot parachain was announced at the Sub0 developer conference last week, the real start will be when Polkadot’s first parachain Auction’s referendum on the 39th is voted by DOT holders Polkadot Parachain Slot Auction. There is still some time before the auction of Polkadot parachain slots, and more and more teams who want to win Polkadot parachain slots have started their own auctions, and at the same time provided generous rewards, which shows the popularity of Polkadot parachains. The auction should usher in another fierce competition.
With the revision of the Motion377 proposal and the confirmation of the council, the regular and continuous auction activities of the Kusama network will finally start on October 25th. This Kusama auction will have a new schedule, that is, once a week, 12 times in a row . Since the longest parachain lease period on Kusama is only 48 weeks, a maximum of 48 parachains allocated through Aution can run simultaneously.
This can make Kusama’s parachain slot Aution have a reasonable operating rhythm, and it is also a soft limit on the number of parachains allocated by Auction. Based on this, regular and continuous auction activities also enable Kusama network to still be ahead of Polkadot And to promote technological breakthroughs, which is also the original intention of the Kusama network.
As a result, we have seen that Acala, the Polkadot ecological financial center, has launched a liquidity incentive plan to release the liquidity of DOT, and the decentralized product Equilibrium has also launched a new mechanism to enhance the liquidity of tokens, etc., and there are many While launching the reward mechanism, the project also provides solutions for the liquidity of users' funds, and is committed to providing users with a better experience in crowd lending on Polkadot.
The following is a detailed introduction of Polkadot's ecological news last week, please enjoy.
Polkadot Dynamics
This week has passed and we are about to officially enter November. The e-commerce carnival has already begun, and Polkadot Eco’s “Double Eleven” seems to be closely under preparation. The next ecological performance may be even more exciting. It’s worth it focus on.
The following is a detailed introduction of Polkadot's ecological news last week, please enjoy.
Polkadot Dynamics
[Polkasa Network Kusama community members submit a motion to hold the next auction on October 23]
According to official news, members of the Polkadot network Kusama community submitted a motion to ask the council to vote on arranging the next auction. If passed, it will be auctioned at block height 9,777,777 on October 23. The proposal seeks to schedule weekly auctions for the next 7 leases.
[The Kusama Council passed Motion 377, and arranged for the next 48 auctions. At block height #9,777,777 (probably around October 23, 2021), Kusama’s 12th auction will begin, and the next Once a week for 48 weeks]
According to PolkaWorld news on October 19, the Kusama Council passed the Motion 377 proposal, which started regular and continuous auctions on the Kusama network. The proposal plans to arrange a weekly slot auction for the next 8 lease periods (48 weeks), and the winning project will not be connected to the Kusama network immediately, but will be connected during the next lease period. The current lease period is 16, and each lease period is 6 weeks. There are still 5 auctions in the current lease period. The 5 projects that are successfully auctioned will all be connected to Kusama at the beginning of the 17 lease period (November 27). network.
[Gavin tweeted that he would mobilize funds to realize the community's vision of "building, improving, and educating" the Polkadot ecosystem]
News on October 19, Polkadot founder Gavin Wood said on Twitter on Sunday that Polkadot’s treasury has allocated more than 18.9 million Polkadot DOT (valued at about $777 million at the time) to a development team that will be paid through community governance. fund. Gavin Wood made extensive recommendations on how the funds should be spent, saying that funds will be mobilized to achieve the community’s vision of “building, improving, educating” the Polkadot ecosystem, and “anything else Polkadot governance deems valuable.” Therefore, the new development fund may be designed to encourage developers to start building on Polkadot in preparation for the parachain to go live.
[Rococo, the Polkadot parachain test network, will transition to a decentralized community parachain test platform, and plans to release the parachain online automation module in early November]
According to PolkaWorld news on October 22, Ben Weiß, head of ecological construction at Parity Technologies, said that the Polkadot parachain test network Rococo has been focusing on the internal testing of the parachain consensus function before, and will now switch to a decentralized community parachain test platform. Over the next few weeks, the Parity team will roll out different features to Rococo in phases and transition Rococo to a fully community-maintained parachain testbed. Parity engineers have started developing a parachain onboarding automation module, designed to allow each parachain builder to connect to Rococo regularly within a limited time frame, scheduled for release in early November.
[Polca Weekly | Kusama Network’s 12th Auction will start on October 25th]
Parity released Polkadot version 0.9.12, which has a medium priority.
The Staking rate on Polkadot has dropped to 57%.
big ecological news
After the passage of Motion 377 and Referendum 143, Kusama's weekly parachain auction will start on October 23rd.
However, due to a wrong parameter setting in Motion 377, Parity re-launched Motion 384 with the correct parameters. Motion 384 reset the schedule of the continuous auction and fixed the formatting error in the previous proposal. Currently, the Kusama Council has voted to pass it. Under the new schedule, Kusama's next Auction will start around 16:00 on Monday, October 25th! After that, it was still once a week normally. The difference was that under the new proposal, it was carried out 24 times in a row.
big ecological news
【Polkadot Ecological Finance Center Acala Land#21 Proposal: Karura Swap Launches BNC/kUSD and Liquidity Incentive Plan】
This proposal will enable Bootstrap for BNC/kUSD in Karura Swap:
Enable Bootstrap for BNC/kUSD pool at block height #782000 (estimated time 2021/10/19 13:00 UTC)
48 hour Bootstrap period ends at #795800 (expected 2021/10/21 13:00 UTC)
Minimum liquidity target of 20,000 BNC or 200,000 kUSD
Minimum liquid deposit is 0.1 BNC or 1 kUSD
【cBridge 2.0 Testnet Officially Launched】
CelerNetwork released the cBridge 2.0 plan at the end of last month, and is now pleased to announce that the cBridge 2.0 testnet is officially launched! The purpose of cBridge 2.0 is to provide users with a simpler operating experience. It has a highly scalable and sufficiently deep multi-chain liquidity management system, providing users with billions of dollars of cross-chain transfer liquidity every day. Users and Liquidity Providers (LPs) can access the cBridge2.0 testnet through test-cbridge-v2.celer.network to get familiar with the simpler cross-chain transfer process, new liquidity management and liquidity mining functions. With the launch of the testnet, CelerNetwork also launched a $4,000 incentive plan, hoping to collect valuable feedback from CelerNetwork's user and developer communities before the cBridge2.0 mainnet launch.
[Polkadot's ecological infrastructure SubDAO test network is officially launched, users can quickly join DAO, and use free test tokens to vote for governance on the test network]
With the joint efforts of the SubDAO core development team and all contributors, we now announce the official launch of the SubDAO testnet! Users can quickly join the DAO and vote for governance on the testnet using free test tokens. As the infrastructure of the Polkadot ecosystem, SubDAO is committed to connecting Web 2.0 to the Web 3.0 world by providing decentralized organizations with tools and services such as blockchain-based electronic agreement signing, DAO socialization, and asset management. The SubDAO development team will continue to improve performance and experience in several stages until the mainnet is launched.
[Dedicated to the decentralized interactive platform Rubic ecosystem announced the integration of the Ethereum-compatible smart contract platform Moonriver on the Polkadot network]
Recently, Rubic announced that it will integrate the leading Ethereum fully compatible Kusama parachain Moonriver. Rubic has now shared its deployment plan with its community, and plans the technology deployment plan into Rubic's fourth quarter and 2022 development roadmap.
[The cross-chain network Bifrost community that provides liquidity for staking has opened a referendum on transfers that has been successfully executed, and BNC transfers have been activated]
According to the Bifrost chain, following the approval of the BNC transfer referendum proposal, the implementation period of the proposal has ended at block height #611,522. The Bifrost mainnet has been upgraded to version 0.9.4, and the BNC transfer function has been successfully activated. According to the Karura chain of Acala Pioneer Network, BNC is the first cross-chain Bootstrap project in the Polkadot ecosystem, and the liquidity target has been exceeded by 880%+ so far. This BNC/kUSD Bootstrap will last until 20:30 on the 21st, when the AMM transaction of BNC/kUSD and the liquidity incentive of BNC/kUSD LP will be opened simultaneously, and the reward of a total of 200k BNC&25k KAR will last for 3 months.
[Bitcoin Zero and Ethereum Zero, the ETP products of the digital asset investment company Valor, are listed on the Frankfurt Stock Exchange, and Valor’s ETP products based on Cardano, Polkadot and Solana are planned to be launched on the exchanges soon]
According to PRNewswire, on October 19, digital asset investment company Valor announced that its exchange-traded products (ETP) Bitcoin Zero and Ethereum Zero have been listed on the Frankfurt Stock Exchange Zertifikate AG and started trading. In addition, Valor's ETP products based on Cardano, Polkadot and Solana are also planned to be listed on the exchange soon. According to previous news, in December last year, Valor launched Bitcoin Zero, a BTC-based ETP product, and charged zero management fees for the product, so its name is Bitcoin Zero.
[Standard Protocol, a multi-chain hybrid mortgage flexible supply stablecoin (CRS) protocol for synthetic assets, joins Shiden #build2earn protocol]
Standard Protocol has been approved by the Shiden community to join the Builder program on October 14, 2021! In order to further promote the development of Standard Protocol's Shiden ecosystem on Kusama, Standard Protocol is included in the dApp staking whitelist. As Standard Protocol just launched the first DEX MVP with a unique dividend pool feature on Shibuya, Shiden’s testnet, Shiden’s mainnet is about to launch this month. Next, our stablecoin Meter will also be deployed, which will also be the first native stablecoin on Shiden Network, providing its community with financial opportunities in both bull and bear markets.
[Composable Finance, a cross-chain, cross-layer and comprehensive DeFi infrastructure, has been integrated into Moonbeam's peer network Moonriver]
Moonriver announced the integration of Mosaic, Composable’s innovative and efficient cross-layer asset transfer solution. This opens up new opportunities for transfers between Moonriver and other solutions already integrated into Mosaic. At the same time, Mosaic has built a bridge with the Kusama community and the Polkadot ecosystem.
[The decentralized product Equilibrium, which supports the mortgage of multi-chain assets to generate USD stablecoins, launches liquid mortgage DOT]
Equilibrium has introduced a new mechanism to enhance the user experience of crowdlending activities on Polkadot: fluid xDOT staking.
[Karura Network has launched the Liquid Staking function for KSM——LKSM, which helps KSM holders enjoy Staking benefits while having flexible liquidity. The normal redemption function of LKSM for KSM has been activated]
As an exclusive network serving Kusama DeFi, the Karura network has enabled the Liquid Staking function for KSM——LKSM, which helps KSM holders enjoy flexible liquidity while enjoying Staking benefits. At present, LKSM can be redeemed for KSM, so Acala Land will introduce two ways to turn LKSM into KSM, and help you understand the difference between the LKSM/KSM conversion ratio in "Swap" and the "Liquid Staking" LKSM/KSM redemption .
[Financial derivatives and NFT protocol Coinversation has been fully upgraded to the NFT protocol, becoming a derivative and NFT ecosystem with parachains, synthetic asset protocols, DEX and various NFT protocols]
Coinversation has been upgraded from a single synthetic asset protocol to a derivative and NFT ecosystem with parachains, synthetic asset protocols, DEX, and various NFT protocols. This year, the team members jointly completed the synthetic asset agreement, determined the data source of the synthetic asset and established a whitelist mechanism, completed the oracle function, and launched the first Dapp Kaco Finance, and deployed Dex and NFT points Protocol on Tablet Kusama and BSC. Next, Coinversation will continue to work in the direction of NFT+DeFi.
【Blockchain technology company RioDeFi announced the integration of dYdX, an open trading platform for Crypto assets, into RioWallet】
RioDeFi is pleased to announce that dYdX has been integrated into RioDeFi's RioWallet. The integration of dXdy is part of RioDeFi's efforts to offer the most popular dApps in one wallet. dYdX runs on smart contracts on the Ethereum blockchain, allowing users to transact without intermediaries. This integration is a huge addition to RioWallet as dYdX is rapidly establishing itself as one of the fastest and most robust decentralized exchanges ever created.
[Decentralized data indexing tool SubQuery helps Khala build the first parachain of Kusama ecology - Ethereum Bridge]
We are very pleased to announce that through the strategic cooperation between SubQuery and Khala, they will provide advanced data support for their first parachain-Ethereum bridge. The Ethereum-Kusama bridge launched by Khala is the first parachain-Ethereum bridge in the Substrate ecosystem, which allows users to easily transfer Phala/Khala’s native token PHA between Ethereum and Khala chains in a decentralized manner .
【Blockchain infrastructure service company Bison Trails provides secure infrastructure for financial technology Current to build hybrid financial applications on the Polkadot ecosystem】
Bison Trails provides secure and reliable blockchain infrastructure for fintech Current, first launched on Karura. NEW YORK, October 21, 2021 - Bison Trails, a leading blockchain infrastructure platform-as-a-service company, announces that it is partnering with Current, a leading US fintech company, to serve Americans and create a better future for themselves. Bison Trails provides Current with secure, reliable infrastructure and network expertise, making it an early active participant in Polkadot and Polkadot's parachain networks Karura and Acala, as Current builds a suite of hybrid financial applications designed to provide More worth over three million members. On Polkadot, Bison Trails powers Current's active validators with a secure and reliable validator node infrastructure and participation expertise. Validator reliability is critical because Polkadot is a designated proof-of-stake network with strict uptime requirements for active validators, which is critical to securing the network and keeping the ecosystem running.
[(Xiao Yuan World) Bit.Country Pioneer Kusama parallel chain slot auction is officially launched, the top 1,000 users who successfully pledge have the opportunity to win a 15 million NEER prize pool, early bird rewards, referral rewards, land prizes, etc.]
Bit.Country Metaverse Network (Small Yuan World) is the first metaverse project in Polkadot ecology, enabling everyone to start their own metaverse through 3D worlds, land, maps, NFTs, and community tokens. Fans can become community members of Metaverse and contribute to the community to earn benefits (Play to Earn). Led by Animoca Brand and WWV, its project has received $4 million in seed round financing. With the support of KOL giant WWVentures, its social media network has reached 200 million users worldwide.
[Polkadot ecological project Darwinia Network will participate in the Polkadot parachain slot auction]
On October 22, the Polkadot ecological project Darwinia Network officially announced its participation in the subsequent Polkadot card slot auction, and will release a detailed announcement about crowd lending in the near future. The team said that the current development of the metaverse is more about different metaverse projects, lacking in compatibility and interoperability. Darwin participated in the bidding as a Polkadot metaverse project to build a heterogeneous chain cross-chain bridge, and is committed to becoming the next generation of Web3. The infrastructure of the 0-metaverse.
We are very pleased that Bifrost will support Composable Finance Pioneer Network Picasso to participate in the third batch of Kusama slot auctions through the SALP agreement, and help Picasso release its voter's parachain pledge asset Liquidity. Composable Finance creates a cross-chain virtual machine by rooting in Parachain, making communication and transfer between Ethereum, Polkadot and Cosmos ecology possible. Composable Finance is committed to reducing the barriers faced by DeFi creators and users through the use of its products.
Ecological investment and financing
[Dedicated to helping decentralized protocols and developer platforms accelerate the expansion of their ecosystem Protofire deploys Gnosis secure multi-signature Fork to Moonriver, a smart contract parallel chain compatible with Ethereum on Polkadot to enhance security]
This deployment will help improve transaction security, enable network interoperability, and achieve decentralized "minimal" gas fee voting, all while increasing user adoption. By cooperating with Moonbeam, Protofire deployed the Gnosis secure multi-signature fork to Moonriver (the Moonbeam testnet with the same code base), providing a secure operating environment for multi-account users to perform complex transactions. Protofire will continue to support this fork to ensure its stability and security.
Ecological investment and financing
Polkadot’s first on-chain privacy protection agreement, Manta Network, announced the completion of a new round of financing of US$5.5 million, led by top institutions Parafi and CoinFund, CMS Holdings, Divergence, Spartan Group, Longhash Ventures, Global Coin Ventures, SNZ, Zee Prime and More than 30 world-renowned institutions including SkyVision Capital participated in the investment.
Ecological cooperation
[Polkadot's ecological NFT project PolkaPet World completes $3.1 million in financing, led by Animoca Brands]
According to a Cointelegraph report on October 23, the Polkadot ecological NFT project PolkaPet World announced the completion of $3.1 million in financing, led by Animoca Brands, with participation from SkyVision Capital, DFG, Jsquare, Waterdrip Capital, Hillrise Capital, and 3Commas. The utility token PETS token will be launched on October 28, 2021, and IDO news will be announced on the PolkaPet World community channel in the next few days. PolkaPet World is an NFT project created by Bondly in partnership with some of the biggest names in the Polkadot ecosystem. Each PolkaPet is embodied as an artistic creature representing a specific Polkadot project.
Ecological cooperation
【Decentralized trading platform Kaco Finance integrated with decentralized cross-chain exchange protocol AnySwap】
Upcoming Events
[The hackathon of the NFT ecosystem RMRK is underway, $50,000 and many NFT rewards are waiting for you, the deadline for registration is November 30]
[The hackathon of the NFT ecosystem RMRK is underway, $50,000 and many NFT rewards are waiting for you, the deadline for registration is November 30]
For details, see:
*The information provided by the Polkadot Ecological Research Institute does not represent any investment hints. The published articles only represent personal opinions and are for reference only. Since there are no policies and regulations related to digital assets in China, users in mainland China are requested to pay close attention to the development of Crypto.
For details, see:
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