Weekly news from Kusama&Polkadot #34
1. Kabocha is the winner of auction #38 on Kusama
Kabocha is the winner of the 38th parachain auction on Kusama by raising 12 644 KSM in the crowdloan from 478 contributors. Kabocha was the leader of this auction all the time.
Kabocha describes itself as a holistic self-evolving community parachain project spawned from Edgeware, accelerating founders, creators and teams building new public infrastructure in Web3 and its related public subverses and metaverses. Simply a decentralized community that is experiencing itself.
2. Unique Network is live on Polkadot
On 4th June, Unique Network finally went live on Polkadot, which means Unique is given the right to produce blocks. Within the next week, we should expect a forkless upgrade which will serve for adding or removing features and fixing bugs. This particular update includes pivotal features such as an update from polkadot v0.9.21 from v0.9.17, sponsoring improvements for EVM, or support of ERC-165. The token generating event is expected to happen at beginning of July.
Unique was the winner of the 14th auction a few weeks ago with a lease period from 4th June 2022 to 8th April 2023.
3. Astar Network launched the #1 event of the DOT festival
The DOT festival on Astar started last week with event #1 by supporting the new trading pair and liquidity pool DOT/WASTR on ArthSwap. For LP providers, there are reserved extra 1 000 000 ASTR, the rewards earned during this and two following events will be vested till the DOT festival ends, so from now within 3 months.
There are going to be triple rewards in this event that consist of rewards from trading fees for the trading pair DOT/WASTR, harvesting $ARSW farming rewards, and getting a fraction of 1 000 000 ASTR rewards. This first event started on 31th May and finishes on the 8th June.
For grabbing the bonus of this event, you just need to do these 4 steps:
- get your AstarPass, which maps your native substrate account to an EVM account — the registration manual can be found here
- bridge DOT to Astar by using Astar Portal
- provide liquidity for DOT/WASTR pool on ArthSwap
- stake your LP tokens into DOT/WASTR-LP farm
The actual APR for DOT/WASTR-LP is 219%.
ArthSwap is a one-stop Defi protocol that focuses mainly on swapping, staking, and liquidity mining, so it can be considered as an “Astar-native” dApp.
4. Lido is now on Polkadot and runs on Moonbeam
Lido is now live on Polkadot. It's a liquid staking solution for DOT, similarly as it's already running for Kusama. Users can easily stake their DOT on Lido and earn daily staking rewards while using the liquid version of DOT: stDOT.
stDOT is a rebasable token with a balance that grows in your wallet every day as staking rewards comes in. Rewards are maximized through dynamic reallocation to the most profitable DOT validator nodes. stDOT as the liquid representation of the DOT token can be then used in DeFi protocols on Moonbeam and other parachains.
By using Lido and the stDOT token, you can immediately unstake it and receive the original DOT token instead, so there is no unbonding period which lasts 28 days in Polkadot, while you stake your DOT.
Lido runs on the Moonbeam network, so the stDOT is an XC-20 token, a representation of ERC-20 tokens for Moonbeam, which can be stored in your MetaMask wallet because Moonbeam is fully Ethereum compatible.
Besides staking your DOT, Lido enables to its users' cross-chain transfers between the Polkadot relay chain and the Moonbeam parachain. The last functionality worth mentioning is the wrapping function, where you can wrap your stDOT tokens into wstDOT, which can be used then on the DeFi protocols that require a constant balance of the token.
5. Moonsama launched the marketplace v2.0
The new Moonsama customizer present in the v2.0 version allows users to equip different NFT weapons, backgrounds, off-hands, cosmetics, and so on. NFT composability is done by our Multiverse Bridge, a substrate that connects multi-chain NFT assets to different integrated metaverses.
Moonsama is a project from the Moonriver community which was launched in September 2021 and become the leading NFT project on Kusama by market capitalization.
Consider supporting us by the nomination of your tokens to Kusama or Polkadot validator going by the POLKADOTTERS name.