Produced by the Polkadot Ecological Research Institute, it must be a boutique

Polkadot Weekly 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 Weekly 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

Last week, Polkadot ecology began to have some new stories. It seems that the hot and dry rainy season has completely gone, the typhoon has begun to disappear, and the sunshine after the beginning of autumn is less dazzling and more warm. , The land baked at high temperature can brew some new vitality, and autumn is originally the harvest season, just like Polkadot finally ushered in the first XCM cross-chain "universal message" transmission, we should show joy.

Maybe you know more about XCMP (Cross-chain Messaging Protocol), or hear more, but in XCMP's cross-chain solution, the XCM cross-chain message format is equally important.

We can understand XCMP as part of the cross-chain solution, and the XCM format is the definition of messages, that is, the standard way for chains to interact with each other. This means that the success of XCM is related to Polkadot’s cross-chain Whether the idea can really be realized has been studied by Polkadot's official team as a "hard bone".

But this time, the news we saw was that on August 12, the Karura Network Council successfully executed a motion to send the general message of the system Remark, and sent the general message to the Kusama network through the XCM protocol.

Of course, the success of XCM cross-chain is still a long way from our true "full body cross-chain", but the successful transmission of the news means that the original concept of cross-chain has already had a relatively ideal landing step , follow this path, we can see more cross-chain functions, such as cross-chain governance, NFT cross-chain, etc., for which we are full of expectations.

As an important part of the development of the Polkadot ecosystem by the Web3 Foundation, the Grants funding program can be said to have made a huge contribution to the development of the Polkadot ecosystem, especially providing valuable advice and support for the development of some start-up teams. At the same time, with the gradual improvement of Polkadot's infrastructure (such as parachain functions), for Polkadot, how to develop its ecology is the focus of his next task. Therefore, we can see that Polkadot officials are actively promoting the Builders For Builders Program, which is a plan for Parity officials to share their ideas on how to support an ecological development with various teams, aiming to enable projects in the Polkadot ecosystem to quickly develop their own ecology.

Polkadot Dynamics

On the other hand, it is an improvement to the existing Grants funding plan. The official has recently taken a series of measures to adjust the Grants funding plan, such as canceling the upper limit of General Grants, and last week, the General Grants and Open Grants A major adjustment has been made to merge the two into one, and the new Grant project has been re-planned and will be divided into three levels.

Therefore, we can intuitively feel that the official is gradually increasing the weight of the development of Polkadot’s ecology. We believe that in the future, such a funding plan will eventually bear fruit and achieve Polkadot’s next wave of ecological development. We look forward to follow-up updates Wonderful performance.

The following is the introduction of Polkadot Ecological News last week, please enjoy.

Polkadot Dynamics

[Web3 Foundation Funding Program reaches 300 project milestones]

Since the funding program launched in December 2018, 840 applications have been received, of which 302 have been accepted. To date, 143 teams have completed their projects and 212 teams have successfully reached their first milestone. Another important milestone has just been reached in our search for a governance and support team to build the decentralized web - a total of 300 projects have passed our grant program.

[Polkadot's official Polkadot Web 3.0 Talks will return on August 31, with an in-depth discussion on the future of decentralized autonomous organizations (DAO)]

Don't miss out on an in-depth discussion on the future of DAOs with bettechentt of Polkadot's ecological financial center Acala Network, dillchen of WASM smart contract platform Edgeware, and Eliott Teiss of decentralized network provider Nodle Network.

To simplify the application process, the Web3 Foundation's general grants and public grants have been merged. The new funding program now offers three different levels to better meet users' needs.

According to the latest Polkadot weekly report released by PolkaWorld, important events this week include:

• [The Polkadot network has been upgraded to Runtime 9080, nodes without updates will not be able to synchronize]

• If users are not running Polkadot version 0.9.8, their nodes will no longer be able to sync.

• [Polkadot Weekly: The minimum nomination amount of Polkadot will increase to 80 DOT]

• Polkadot minimum nomination amount will increase to 80 DOT!

big ecological news

The General Grants and Open Grants of the Web3 Foundation have been merged into one. The new Grants program has three levels, more details here: https://github.com/w3f/Grants-Program#level_slider-level

Polkadot has been upgraded to runtim 9080 (https://polkadot.polkassembly.io/referendum/30). This is a major upgrade, so nodes must be running Polkadot 0.9.8 or later to continue syncing.

The Polkadot Council has approved motion 103, increasing the minimum number of nominations to 80 DOT.

big ecological news

[Acala Pioneer Network Karura & Polkadot Pioneer Network Kusama completed the first XCM cross-chain "universal message" transmission]

On August 12, Bryan Chen, the co-founder of Acala & Karura, tweeted that he had completed the first XCM cross-chain "universal message" transmission. Different from the previous cross-chain transfer of assets, this is the first time that Kusama and Karura have completed cross-chain general message (remark) transfer, successfully verifying the feasibility of XCM cross-chain technology.

[Polkadot ecological middleware platform Apron Network officially provides node services for the Polkadot ecosystem and starts service testing activities at the same time]

With the rapid development of the Polkadot ecosystem, there are more than 400 Polkadot ecological projects, and more and more developers and projects have begun to join the Polkadot ecosystem. Developers’ demand for node services is also increasing. Apron Network is the future An important infrastructure service provider of Polkadot ecology, has always been very focused on the development of Polkadot ecology, and has reached strategic cooperation with many excellent Polkadot ecological projects, including Phala, Clover Finance, Crust, Litentry, Patract , Darwinia, etc. On August 10, Apron Network proudly announced that Apron Network will officially provide node services for the Polkadot ecosystem to help the Polkadot ecosystem develop.

[ZenlinkDAO, the underlying cross-chain DEX protocol based on Polkadot, welcomes the second batch of initial governance committee members]

Following the announcement of the first batch of ZenlinkDAO Initial Governance Committee members on June 24, ZenlinkDAO ushered in the second batch of Initial Governance Committee members. The ZenlinkDAO Initial Governance Committee plays a vital role in Zenlink's Bootstrapping Governance. Therefore, after a period of communication and communication between the Zenlink Foundation and applicants, the following organizations will become members of the ZenlinkDAO Initial Governance Committee: Polkadot News, PolkaProject and TRGC. Like the first batch of members, they will receive a Zenlink guardian version NFT (non-exploration version) as an identity and equity certificate and participate in the governance and decision-making of the Zenlink network and the control of the DAO Treasury. Transition to centralized organization.

【Polkadot ecological DeFi and prediction market Polkamarkets released a decentralized market solution system】

On August 14, Polkamarkets, the Polkadot ecological DeFi and prediction market, issued a document announcing that the decentralized market solution system is now online, which is one step closer to the mainnet release. Currently, Polkamarkets is partnering with Kleros and Reality.eth to provide crowdsourced event solutions. Users can use POLK as an ERC20 token for dispute resolution. The WebApp will run on the Kovan testnet.

[A secondary network OAK Network developer Bug Bounty bounty program that realizes automation on the chain]

OAK Network is a secondary network that automates the chain, serving decentralized financial applications and regular payments. The team's mission is to build Stripe for Web 3.0 and provide a complete cross-chain payment solution. Technically speaking, the OAK chain is a blockchain based on the Parity Substrate and WebAssembly framework, with an event-driven execution model and a smart contract engine. Unlike Ethereum's transaction-driven model that requires external triggers, OAK Network allows transactions to be triggered by event signals such as time, price, and smart contract status changes. The OAK team has been focusing on the development of product technology and encourages developers to participate in the ecological construction of OAK Network. In order to further improve the product and increase the security of the chain, the OAK team officially announced the launch of the first developer Bug Bounty bounty program, inviting developers to participate in becoming bug hunters. For qualified and effective BUG, ​​white hat hackers will have the opportunity to receive up to $2,500 + bounties."【Human Protocol Foundation Brings Distributed Market to Moonbeam, an Ethereum Compatible Smart Contract Platform on Polkadot Network】"Moonbeam is excited to partner with Human Protocol, which powers a distributed blockchain-based marketplace where people can contribute their reasoning, skills, and knowledge to help machines do their jobs. Thousands of users have used the HUMAN platform through the hCaptcha service. Through Moonbeam & Polkadot, Human Protocol can bring the underlying technology to a wide range of users.

[Vancouver Biennale, a Canadian public art exhibition organization, will launch a digital art AR installation based on Kusama]

According to news from Cointelegraph on August 9, the Canadian public art exhibition organization Vancouver Biennale is preparing to launch an art installation that uses blockchain technology to combine physical and digital reality. It is reported that the new Voxel Bridge installation is located on the south side of the Combie Street Bridge in Vancouver. It is a blockchain-based augmented reality (AR) experience that can be viewed with iOS or Android devices. According to local enthusiasts, the installation is preparing to launch to the public this Tuesday and will last until spring 2023. The Art Object is a 1,800-square-meter installation by New York-based artist Jessica Angel that explores how public space is constructed and utilized in both digital and physical realities. Taking shape in the real world as a giant two-dimensional vinyl mural, the work also exists in augmented reality via an app and resides on a blockchain network. The installation is said to be a digital, visual representation of the Kusama network. Kusama network is a decentralized blockchain network, Polkadot's

canary

chain. Viewers can physically see, touch and hear Kusama's history through 20 different interactive animations, each of which is represented in a unique NFT that exists on the blockchain. NFT will be sold on RMRK, the Kusama art market, and the funds will be used to offset the production costs of the project, which is said to have a budget of more than $300,000.

[Polkadot ecological cross-chain encapsulation asset agreement Knit Finance launched Polygon and Ethereum test network]

Knit Finance, the Polkadot ecological cross-chain encapsulation asset agreement, recently issued a document announcing that it has launched its testnet on the Polygon testnet Mumbai and the Ethereum testnet Kovan. Currently, users can mint, withdraw and exchange 1:1 encapsulation on the Ethereum and Polygon testnets. K-Assets can be transferred across chains between the two networks. Knit Finance is a cross-chain encapsulation asset protocol of Polkadot ecology. It integrates its encapsulated protocols into multiple chains, bridges and real-world markets through smart contracts, and provides income, loans, transactions and margin services. Knit Finance completed a financing of US$1 million in May this year. Investors include DAO Maker, AU21 Capital and LD Capital.

[Major update of the Moonbeam Foundation, an Ethereum-compatible smart contract platform on the Polkadot network]

After the Kusama slot auction and the development and deployment of Moonriver, Moonbeam Network is realizing the milestone upgrade of "from 0 to 1". This fall, we will optimize the launch plan for the Moonbeam network. We look forward to a smoother future for Moonbeam. The Moonbeam Foundation will launch the "Set Sail" community event in September 2021, at which time the initial supply and economic model of GLMR will be updated.

[Decentralized storage network Crust main network enters node access stage]

On August 12, the Crust mainnet entered the public access stage, and nodes are now open to join, and transfer operations can be performed at the same time. The Crust node construction manual and the CRU mainnet mapping tutorial can be found on the Crust Wiki (https://wiki.crust.network/). It is expected that in early September, the Crust mainnet will be officially launched and more functions will be opened.

[At 15:00 on August 16, 2021, Polkadot's ecological DeFi basic protocol Bifrost x OpenSquare's first collaboration platform CoinAsk.io AMA: Parachain Auction Liquidity Protocol SALP]

Bifrost successfully bid for the right to use the fifth slot with 142,430.9241 KSM in the first Kusama slot auction, and has successfully connected to the Kusama network. Among them, 136,817.7951 KSM will be successfully voted to Kusama Crowdloan, and the remaining 5,613.129 KSM will be used as the basic liquidity of vsKSM, providing liquidity of vsKSM derivatives for minting users in the early stage of staking. Taking this as an opportunity, Bifrost designed the Slot Auction Liquidity Protocol (SALP Protocol), which greatly improves the utilization rate of funds for users participating in slot auctions and releases the liquidity of pledged tokens. This agreement is not only applicable to the liquidity release of Bifrost's slot auction this time, but will also empower other ecological projects to bid for slots. OpenSquare invited Tyrone, the product manager of Bifrost, as the guest of this AMA, and discussed with him the possibility of Bifrost SALP agreement and its enhancement.

[Polkadot smart contract platform Moonbeam community token sale will start on September 7]

The Polkadot smart contract platform Moonbeam Foundation will start the community token sale at 15:00 UTC on September 7th (23:00 Beijing time), which will be divided into three rounds. The specific time and price are to be determined. The token sale this time is 80 million GLMR, accounting for 8% of the initial supply; supported tokens include USDT, USDC, ETH, and BTC. The GLMR lock-up period is 40 days after the Moonbeam network is fully launched (transfer and EVM functions are enabled). US residents and citizens are not eligible to participate in this sale.

[One-stop digital asset storage and management platform Cobo announced to join the Celer State Guardian Network]

Cobo, a one-stop comprehensive platform for financial services and technology solutions, announced that it has joined the Celer state guardian network and has established a Celer validator node. Cobo will work with Celer to maintain the availability and security of its Layer 2 expansion network, and provide continuous and reliable infrastructure services for its ecological development.

【The world's largest NFT protocol, xNFT, enters the evolution Odaily Metaverse and opens the trading market】

xNFT successfully bid for the evolution Odaily NFT land. Currently, the xNFT community display function has been launched, and community fans can enter the evolution Odaily metaverse through the exclusive invitation link.

[Polkadot Ecological Financial Center Acala Land Parameter Update: Karura Network Lowers KSM Liquidation Rate and Mortgage Rate]

The well-known on-chain risk simulation security Gauntlet has recently made a new assessment of the kUSD collateral KSM of the Karura network, saying that it can reduce the minimum collateral rate and liquidation rate of KSM. The specific recommended data are as follows:

Minimum collateral ratio reduced from 2.75 to 2.0

Liquidation ratio reduced from 2.25 to 1.8

[On-chain governance infrastructure Dora Factory will launch QF Factory, a permissionless quadratic funding agreement in September]

[Para-1 testnet of Polkadot privacy computing project Phala trusted network is online, TEE Mining starts public beta]

Ecological investment and financing

The Para-1 test network has been launched, and users can simulate and verify the new economic model and TEE Mining mechanism on this test network. Para-1 is a test network based on the parallel chain mechanism, replacing the original PoC series test network. Compared with the previous versions of the test network, Para-1 has added economic models and TEE Mining functions for computing node testing. Users can use test coins to experience and test the mortgage pool function on the test network.

Mangata, a Polkadot ecological cross-chain decentralized trading platform, tweeted that MGA tokens have not yet been issued. If anyone sees any MGA online and mentions Mangata Finance, it's a trap. Please stay vigilant and don't be fooled. According to previous reports, Mangata has completed financing of US$1.4 million, with participation from Polychain Capital, IOSG Ventures, Altonomy, CMS Holdings, TRGC and angel investor Ricky Li.

Ecological cooperation

Ecological investment and financing

【Parami, a Polkadot-based advertising network, completes $3 million in financing】

According to news on August 13, Parami, an advertising network based on the Polkadot blockchain, completed a $3 million financing. Major investors include NGC Ventures, CMS Holdings, Genesis Block Ventures (GBV), Digital Finance Group, Genblock Capital, Signum Capital, Axia8 Ventures, Spark Digital Capital, Digital Renaissance and YBB Foundation, and some core members of Crypto Discover, PNYX Ventures, DCI Capital, AU21 Capital and Parity Foundation. Launched at the beginning of the first quarter of 2021, Parami focuses on using Web3 tools to solve advertising business challenges. For this investment, Jack Lu, managing director of NGC Ventures, said that Parami is a key player in the Web 3.0 ecosystem, and its breakthrough Technology can lead to a better version of the internet.

Ecological cooperation

[Decentralized storage network Crust Network and Web3.0 cross-chain bridging technology and on-chain data analysis infrastructure X Procotol have reached a strategic cooperation]

Crust Network is pleased to announce a strategic partnership with X Protocol. X Protocol is a Web3.0 cross-chain bridging technology and on-chain data analysis infrastructure, and its main decentralized application is the new generation prediction platform X Predict Market. This cooperation will work together on the field of decentralized storage, making it easier for users to access decentralized data storage and protect users' data privacy.

[Polkadot ecological DeFi basic agreement Bifrost and decentralized collaboration network OpenSquare reached a partnership]

OpenSquare is pleased to announce a partnership with Bifrost. Bifrost will enter CoinAsk.io as its official Chinese forum. In the future, Bifrost will also use various collaboration platforms launched by OpenSquare to jointly build the Polkadot ecosystem. OpenSquare will give αOSN as an incentive for the active interaction of Bifrost community users.

[Rio Wallet, which bridges the traditional financial industry and decentralized finance, has reached a cooperation agreement with the data aggregation platform TheForce.Trade]

【Polkadot smart contract platform Moonbeam announces integration with Covalent, a leading blockchain indexing solution provider, bringing data operability to Moonriver】

Upcoming Events

Moonbeam announced a cooperative integration with Covalent, a leading blockchain indexing solution provider. The initial integration includes the completion of the deployment of the Moonriver parachain on the Kusama network. This integration expands the availability of Moonriver data and provides a user-friendly experience for developers requiring reliable, high-quality data.

[Synthetic asset issuance agreement Coinversation and Layer 2 parachain MathChain have reached a cooperation in dApp cross-chain deployment]

Coinversation, a synthetic asset issuance agreement based on the Polkadot contract chain, announced today that Coinversation Protocol and MathChain have reached an important cooperation. Coinversation's first version of DEX will complete dApp cross-chain deployment based on the MathChain parallel chain. At the same time, MathWallet will also support Coivnersation's first version of DEX. It is reported that MathChain is a Layer 2 parachain developed based on Polkadot Substrate. Coinversation Protocol is the first decentralized contract trading platform and synthetic asset issuance agreement based on the Polkadot contract chain.

Thanks to PolkaWorld, the first Chinese community of Polkadot, and Blockchain Knights for their support of this article.

*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.

Thanks to PolkaWorld, the first Chinese community of Polkadot, and Blockchain Knights for their support of this article.

In view of the endless emergence of Polkadot ecological projects, but the inferior projects and scam projects are full of them, it is worthy of vigilance. On the other hand, it is difficult for groups only on the Polkadot project side to understand the whole picture of the entire ecological development of Polkadot, and miss many opportunities. Therefore, we decided to establish a Polkadot ecological group, which can openly discuss all Polkadot ecological projects. Everyone can objectively share their views on each project, understand the development of each Polkadot project, and exchange information to seize opportunities together.

Pay attention to the official account"Polkadot Ecological Research Institute", Reply to "Join the group", you can talk about Polkadot with many fans.