We have described the inner workings parachain auctions in our previous article, now we are going to focus on the crowdloans. So, what is a crowdloan and why may you want to participate in the crowdloan instead of bidding directly in the auctions? Auctions recap To just briefly remind what the auctions…

As you probably know, there are multiple projects that would like to become a parachain on either Kusama or Polkadot networks. These projects will benefit from the shared security model provided by the Relay Chain and will be communicating with each other via the XCMP protocol at the same time…

Stability is something that is not certain in the crypto space. Stablecoins came up into this field with the aim of making cryptocurrencies and even the DeFi usable. Without them, it would not be easy to adopt tens of thousands new users and attract them because they fear one thing…

Ethereum is without a doubt the most mature and largest blockchain ecosystem focused on smart contracts. While Ethereum still got the most dApps and developers that are building them, it suffers from big scalability issues that will take a lot of time and pain to solve. …

1. OAK Network has won the 28th parachain auction on Polkadot OAK Network is the winner of the 28th auction on the Polkadot network by raising 150k DOT worth ~$945k. The 150k DOT was also the crowdloan cap set by the OAK. OAK Network is aiming to become a one-stop-shop for automation services that are desperately needed in the blockchain space…

1. USDT Tether is now live on Polkadot In April, we informed you that USDT Tether was launched on Kusama. Now the time comes and USDT Tether, the largest dollar-pegged stablecoin with capitalization almost reaching $70B is launching on Polkadot. You all probably know, that there are already two stablecoins in Polkadot Network. While aUSD (Acala dollar) has…

On September 16th, the third vToken based on the SLP protocol went live on the Bifrost app. From that time, users can now mint derivative token vDOT from the original DOT token. …

The concept of decentralized finances is revolutionary in many ways. You can trade your tokens, lend them for interest or even tokenize and trade various real-world assets. However, the truth is that DeFi is still very complicated and it lacks a lot of features that are readily available for users…

We bring you each and every week important and interesting information from Polkadot, Kusama and related parachains. But sometimes, in the cryptosphere happens something that goes far beyond our small dotted pond. …