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. SORA has won the 73rd parachain auction on Kusama SORA secured a parachain slot on Kusama by raising 3 023 KSM worth ~$113k from 230 contributors. SORA already had a slot on Kusama after winning auction no. 24 in February 2022. SORA will soon announce the details of the Polkadot crowdloan auction, which will be attending. The SORA Network…

Decentralized finance (DeFi) has been around for a few years and operates alongside the traditional financial system. One particular use-case is lending where cryptocurrencies such as ETH or MKR act as collateral (as seen in protocols like Aave). However, DeFi resources are mainly used for speculative purposes, such as buying…

1. USDC returns to $1 after weekend depegging scare Over the weekend, there was a significant depeg on USDC, causing uncertainties and concerns. However, it is important to note that the situation is not a UST-type scenario. According to Circle’s tweet, their current exposure to SVB is $3.3B, which represents 8.4% of their total assets. More than 75% of…

Last year was one of the most turbulent ones we have ever seen in cryptospace — starting from a slow decline of the bull market up to the collapse of giants like Terra Luna, BlockFi, or FTX (we feel for everyone who lost funds with those entities). …

1. t3rn has won the 41st parachain auction on Polkadot T3rn has won the 41st auction on the Polkadot network by self-funding 129k DOT worth ~$774k. t3rn was at the lead for ~82% of the time, so it was very probable that they will secure the slot. T3rn is a smart contract hosting platform that aims to create an ecosystem…