Polkadot Ecological Weekly Report: Next Generation Governance System Content Disclosure, Parachains Are Increasing DOT Usage Scenarios
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.
first level title
Observation and Viewpoint
The new week begins with a romantic atmosphere, and at the same time, Kusama also launched a special event for Valentine's Day. Today is February 14th, I wish you all a happy Valentine's Day! As of this week, the Polkadot network’s 9th parallel chain slot Auction has ended, and the project that won the slot will be connected to the Polkadot relay chain and launched on the mainnet on March 11; on the afternoon of February 13th, the 25th Kusama The end of the Parachain Slot Auction also means that the fourth batch of Auctions is all over. The five winners will all be connected to the Kusama relay chain on the evening of February 20th, and the fifth batch of Auctions will then be opened.
Just last week, Gavin Wood tweeted that the PR for building Polkadot's next-generation governance system has been merged. Parity developer JAM summarized Gavin’s PR content as follows:
Anyone can propose "Motions" or "Proposals" for any aspect of the chain.
DOT/KSM holders can vote directly or delegate their votes to on-chain decisions in different "rails", all of which have their own vote approval and speed settings.
Judging from the above content, the Polkadot network is making changes in terms of on-chain governance, and the above content is more focused on referendums and willing votes. In fact, from what Gavin Wood discussed last time as a guest on the Coindesk podcast, it was also mentioned that the next element of Polkadot is governance.
At present, Polkadot already has a decentralized decision-making mechanism, and Polkadot also wants to ensure that the decision-making process is also decentralized. For example, council members still have full control over some very important network decisions, such as network upgrade proposals, treasury spending, etc. So in the future this will be where governance comes in.
Acala is actively promoting its own development, and at the same time providing more places for DOT to be used in disguise. And such things are happening in many Polkadot ecological projects. If each Polkadot parachain provides a usage scenario for DOT, as more and more Polkadot parachains become available, the use value of DOT will be further reflected.
The following is a detailed introduction of Polkadot's ecological news last week, please enjoy.
Polkadot Dynamics
In general, after accessing the Polkadot relay chain, many projects are still actively exploring ways and tools to interact with other chains. The previously isolated blockchain world is being linked together. After the Polkadot Parachain Slot Auction officially started, true interoperability and a new model are taking shape. Gavin and Polkadot are also working hard to help Polkadot move towards Web3 faster!
The following is a detailed introduction of Polkadot's ecological news last week, please enjoy.
first level title
Polkadot Dynamics
【Polkascan, a project funded by Polkadot and Kusama treasury, released a new UI last week】
[Polkadot officially announced that after the Polkadot Pioneer Incentive Program is officially funded on February 11, it will conduct on-chain voting for administrator elections]
[Polca founder Gavin tweeted that the process of Kusama's validators generating blocks is being visualized]
[At 23:35 on February 10, 2022, Beijing time, Polkadot Network’s 9th Parachain Slot Auction ends, and the 10th Auction will open at 3:00 am on February 18, 2022, Beijing time]
[On February 10, HydraDX won the 9th Parachain Slot Auction of Polkadot Network by locking 2,462,543 DOT, and will be connected to the Polkadot relay chain and launched on the mainnet on March 11]
[At 19:56 pm on February 13th, Kusama's 25th Parachain Slot Auction ended, and the fifth batch of Auctions will start around 21:00 pm on February 20th]
[KICO won the 25th slot in Kusama by locking 5,937 KSM at 20:26 on February 13th, and all the winners of the fourth batch of Auction will be connected to Kusama when Lease19 starts at around 21:00 on the evening of February 20th relay chain]
[7500 DOT's anti-fraud bounty proposal has been voted by the council, and the upcoming funding period and the manager of the bounty will be voted on]
[Joe, the technical integration director of the Web3 Foundation, proposed a proposal to discuss the timetable for the Parachain Slot Auction after Polkadot’s current Auction batch ends]
【Polkadot/Kusama council Raul proposed a proposal to discuss the next parachain slot auction on Kusama】
According to the latest Polkadot weekly report released by PolkaWorld, important events this week include:
[Kusama Network launched an NFT event on Valentine's Day. The NFTs of this event are all from the artist Oscar Civit]
[Odyssey team's proposal to build a 3D home Kusamaverse for the Kusama ecosystem has been released, which aims to provide users with a new way to navigate, connect, contribute and benefit from the Kusama ecosystem]【Polkadot Weekly｜The community is discussing the timing of Polkadot/Kusama's next batch of Auctions! 】
According to the latest Polkadot weekly report released by PolkaWorld, important events this week include:
New primitives for building Polkadot and Kusama's next-generation governance have been merged into the Substrate codebase.
ETHDenver kicks off next week, where the Web3 Foundation and Parity teams will be discussing Polkadot. This is an in-person and online event, so if you can't attend in-person, you can also join online
"Come to 2022 ETHDenver, let's create with Polkadot! A $15,000 prize is waiting for you to win! "
Joe, the director of technical integration at the Web3 Foundation, put forward a proposal to discuss the timetable for the Parachain Slot Auction after Polkadot's current Auction batch is over. See details here: https://polkadot.polkassembly.io/post/863
The anti-scam bounty proposal of 7500 DOT has been voted by the council. Next up is the upcoming grant period and voting for stewards for the bounty.
The Polkadot Pioneers Prize is a grant program aimed at solving some of the biggest challenges facing the Polkadot ecosystem, and Polkadot Guokui allocated 993,286.08 DOT for the program.
The SubVT team released ChainViz, a 3D visualization of the Kusama blockchain, featuring real-time block production process, nominator and validator visualization, and staking details and network status.
Kusama Network launched an NFT event on Valentine's Day, check the details here. https://kusama.network/valentines/?utm_source=twitter&utm_medium=social&utm_campaign=valentinesNFT&utm_content=firsttweet
big ecological news
Referendum 174 to upgrade Statemint to v700, voting is in progress! This release includes some important updates to make it easier for UI developers to visualize NFT creation/minting.
The Polkadot/Kusama treasury-funded Polkascan project has been updated with a new UI interface.
first level title
big ecological news
[Subspace archived Genshiro's complete history using the Kusama relay chain, and currently more than 2.9 GiB of blockchain data is permanently stored on the Subspace Aries test network]
[Acala's DOT one-way bridge is now online, users can transfer DOT from the Polkadot relay chain to Acala to prepare for DeFi operations and liquidity mining incentives]
[The Moonbeam team announced the opening of a one-way channel from Statemine to Moonriver. This will allow Statemine-based fungible assets such as $RMRK to move to Moonriver]
The Moonbeam team announced the opening of a one-way channel from Statemine to Moonriver. This will allow Statemine-based fungible assets such as $RMRK to move to Moonriver. Once RMRK is deposited as an XC-20, xcRMRK can be used like any other Moonriver-based token.
[The Moonbeam team announced that Moonriver will add a new cross-chain function, which marks the introduction of a new type of interoperable token XC-20 into Kusama]
[Quartz $QTZ token will be listed on MEXC Global Exchange at 8:00 p.m. on February 8, 2022]
[Subspace archived Quartz's complete history using the Kusama relay chain, and currently more than 1.6 GiB of blockchain data is permanently stored on the Subspace Aries test network]
[DeFi ecosystem Capx will soon launch decentralized application Capx Liquid, decentralized exchange Capx Exchange and decentralized platform Capx Lend on Acala]
The DeFi ecosystem Capx will soon launch the decentralized application Capx Liquid, the decentralized exchange Capx Exchange and the decentralized platform Capx Lend on Acala. Furthering its vision of bringing liquidity to private markets by integrating the aUSD stablecoin and launching Acala on Polkadot’s DeFi hub.
【Moonbeam announces integration with Covalent, a leading blockchain index provider, to provide developers with an index API to easily access historical data on the Moonbeam chain】
Moonbeam announced its integration with Covalent, a leading blockchain index provider, to provide an index API for developers to easily access historical data on the Moonbeam chain. Covalent provides complete transparency and visibility to assets on all blockchain networks through a unified API, and brings visibility to billions of Web3 data points, thereby drastically reducing the time, cost and complexity of blockchain application development sex.
[Subspace archived Picasso's complete history using the Kusama relay chain, and currently over 259.4 MiB of blockchain data is permanently stored on the Subspace Aries test network]
[Ferrum Network has joined Shiden's build2earn protocol. Ferrum builds white-label blockchain solutions that power crypto and traditional projects, allowing them to bring products to market faster]
[Ferrum Network has integrated with Moonriver and brought a suite of products to the $MOVR community, including its cross-chain token bridge and Staking-as-a-service solutions]
[Acala distributed the liquidity mining reward of one million $ACA to its Kickoff Rewards program]
Acala allocated $1 million in ACA liquidity mining rewards to its Kickoff Rewards program. The program offers liquidity providers the opportunity to earn ACA rewards from multiple pools starting with LCDOT/DOT, LCDOT/aUSD and ACA/aUSD.
[Phala Network has integrated with Chainlink’s Price Feeds on Ethereum to help safely adjust Khala SWM token economics parameters and accurately calculate transaction fees on the Kusama-ETH bridge]
[On February 10, Acala Network announced the launch of the first Polkadot decentralized native cross-chain stablecoin aUSD. At the same time as the launch of aUSD, the boot phase of the LCDOT/aUSD pair is now also online]
Acala has launched Acala USD (aUSD), a decentralized, cross-chain multi-asset collateralized stablecoin. Acala's decentralized asset reserve and aUSD are not only the core of the Acala DeFi ecosystem, but also power the Polkadot and Kusama ecosystems. Minting aUSD is already available in Acala Apps, with DOT and LCDOT being the first two accepted collateral assets.
[DappRadar can now track DApps on Moonbeam and Moonriver]
DappRadar is now integrated with Moonbeam and Moonriver (Moonbeam's peer network on Kusama). As an independent L1 network that combines Ethereum tools with Polkadot's scalability and interoperability architecture, the new project code will be deployed to Moonriver first, and undergo a series of tests and experimental verifications in Kusama's real economic environment. After the verification is completed and passed the test, the project code can be officially deployed to Moonbeam on Polkadot.
[Dapplooker has been deployed to Moonriver to provide data functions for on-chain analysis and support dapp development within the $MOVR ecosystem]
[Subspace archived the full history of Robonomics using the Kusama relay chain, and currently more than 1.6 GiB of blockchain data is permanently stored on the Subspace Aries test network]
[Darwinia Network and its supported metaverse game platform Evolution Land are now available on the Subsocial network]
[Acala's core product aUSD stablecoin has enabled minting, users can use DOT and LCDOT to open collateralized debt positions to mint aUSD]
Ecological investment and financing
[Moonwell Apollo, a decentralized financial protocol platform, is now on Moonriver, Moonriver users will be able to provide encrypted assets on the platform and get rewards]
Ecological investment and financing
Ecological cooperation
【OAK Network Receives USD 5.5 Million Seed Round Investment from Foundation, Greylock and HyperSphere】
OAK Network, committed to becoming the center of DeFi and automated payment Web 3.0, successfully completed a $5.5 million seed round of financing led by Foundation Capital, Greylock and Hypersphere Ventures. Well-known institutions participating in this round of financing plan also include Electric Capital, Monday Capital, GSR, Shima Capital, Blockwall Digital and a group of angel investors.
first level title
ArthSwap announced a new partnership with Starlay Finance, a lending agreement to be launched on Astar Network, to support each other in various aspects and contribute to the development of the Astar Network ecosystem, such as IDO and mutual listing of Starlay tokens on ArthSwap token.
*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.
Welcome everyone to join our Telegram group of the Polkadot Ecological Research Institute:https://t.me/polkadot_eri
Welcome everyone to visit the Mirror address of Polkadot Ecological Research Institute:
https://mirror.xyz/0x9A259b3a2316281Cc948cE2Cf1Ac610a79844f05
