Weekly news from Kusama&Polkadot #31
1. First Polkadot cross-chain connection launched between Acala and Moonbeam using XCM
The first cross-chain connection on Polkadot, which is completely bridge-less and that allows native communication and the token transfer was launched between Acala and Moonbeam. With this integration, Acala's native token $ACA and its stablecoin $aUSD are both available on Moonbeam as $xcACA and $xcaUSD. The $GLMR token will be available on Acala following Moonbeam’s runtime upgrade later this month, it will be considered as a future supported collateral type for minting aUSD stablecoin.
Acala and Moonbeam are connected using bidirectional HRMP channels powered by XCM. It's the first connection using XCM on Polkadot since its release last week.
2. Liquid staking is live on Acala
DOT Liquid Staking (LDOT) is now live on Acala Network. You can now stake your DOT on Acala and stay liquid at the same time by receiving the liquid-equivalent token LDOT. For staking the LDOT, you can add to your staking ~14.5% APY another ~8.68% reward in aUSD (at the moment of writing this article), so your compounded reward equals ~23.18% APY.
3. Registration to Polkadot Decoded is now live
Polkadot community schedules two big conferences in May and April. The first one is in Davos, which will host The World Economic Forum, which engages the foremost political, business, and cultural leaders of society to shape global, regional, and industry agendas. You can now register in the Web3 movement in Davos and save your spot to hear from Purestake (Moonbeam), Enjin (Efinity), BOT Labs (KILT protocol), Trace Labs (OriginTrail), Robonomics, and Bit.Country. Write down the dates May 22–26, 2022.
The second one is Polkadot Decoded 2022, which will be hosted by five various locations around the world, including Berlin, New York, Buenos Aires, Shanghai, and Mexico City. Polkadot Decoded will be the biggest Polkadot event of the year and will be also streamed online for those who won't attend at one of the five mentioned places. You can now register for both online and in-person events.
4. Decentralized derivates platform Satori Finance launched on Astar Network
“Satori is an exchange platform built to cater to both retail and institutional investors, allowing them to leverage the power of derivatives trading with their DOT tokens. The platform caters to retail investors, benefiting from the execution of both orderbook and AMMS, while institutional investors can simultaneously enjoy a robust exchange experience through Satori’s ready-to-use APIs, lightning-fast execution, and resilience against extreme market events. In providing a dedicated derivatives platform for DOT holders, Satori will open up access to a broader market and help create more use cases for DOT after their launch in Astar’s EVM and additional parachains.”
Satori Finance plans to launch on four additional Parachains namely Acala, Moonbeam, Parallel, and Clover, which will upgrade the cross-chain connectivity and increase opportunities for the users.
5. Kusama tokens from 1st batch of auctions are unlocked
KSM tokens from the 1st batch of auctions are now unlocked. In total, it’s 1.3m KSM or over $100m at today's prices. There are several things you can do with your KSM (other than just throw them on the open market). You can use staking or even liquid staking with projects like Karura, Parallel Heiko or Bifrost.
If you want to stake your KSM tokens, why not stake with Polkadotters?! You can support our validator and help us to run our community. We run nodes for more than a year without any slashing events. Our Kusama address is FVAFUJhJy9tj1X4PaEXX3tDzjaBEVsVunABAdsDMD4ZYmWA. Thank you!