Weekly news from Kusama & Polkadot #3
Weekly summary from 27th September–3rd October 2021
1. Altair won the parachain slot in auction # 9
The 9th parachain slot auction on Kusama won Altair, but those who follow auctions closely know, that this win was really the examination of how the candle auctions can be tricky.
Typically, the candle auction starts at one point and finis at some point in the future, which nobody knows, because it's driven by computation randomness (or in the real life, when the candle finishes off). You can imagine is like that.
But the 9th auction went a bit different because Altair wasn't at a leading space all the time. At one moment, Altair was overgone by Heiko Finance, a canary network of Parallel Finance. But the auction, as we can see in this timeline, finished right before Heiko added a new locked KSM.
So what is the winning project about? Altair is the canary network of Centrifuge Chain and it has nearly the same codebase. Like most canary networks, it's an experimental environment for those who want to explore the potential of financial assets, art NFTs or any kind of assets that can be tokenized.
2. Edgeware $EDG listed on KuCoin exchange
$EDG, a native token of Edgeware, was listed on the KuCoin exchange. Bear in mind, that Edgeware wasn't listed on any big centralized exchanges besides Bittrex, where it was listed in May, so there will be even more liquidity for this token and more people can have the chance to purchase it on the exchange.
Edgeware is a high-performance, self-upgrading WASM and EVM smart contract platform with on-chain governance and a collectively managed on-chain treasury.
3. Moonriver TVL is rapidly increasing
According to DeFi Llama, the TVL of the $MOVR in the Moonriver chain is rapidly increasing. Actually, the value locked is $ 231.6 M, which represents 701k $MOVR tokens. From September 14th, where there was locked just over 14k tokens, the increase is nearly 5000% in just 3 weeks!
4. Karura Launches a Liquid staking program in partnership with Blockdaemon
Acala/Karura launches the first liquid staking program of KSM in the Kusama (and Polkadot) ecosystem. They decided to do this in partnership with Blockdaemon, which is a top-performing blockchain infrastructure provider that serves as a validator on both Polkadot and Kusama.
For regular users, there is an early-bird bonus for providing liquidity. You can earn KAR tokens for staking LKSM in KUSD protocol over a period of 2 weeks or add liquidity to LKSM/KSM over a period of 4 months.
5. Kusama auction #11 will start immediately
Right after finishing auction #10, which will most probably go to Heiko Finance, there will start another auction without any prolonging according to the official Kusama tweet. The exact date/time of the start of the 11th auction is scheduled on October 6th at 11:30 am CEST.
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