Weekly news from Kusama&Polkadot #38

1. Darwinia Network won the 21st auction on Polkadot

Darwinia has recently won the 21st Parachain Auction on Polkadot. This auction went without crowdloans, so Darwinia secured it by locking 9 900 DOT by themselves. The actual value of the slot is approx 68k USD, which is really nothing compared for example to 245M USD raised in crowdloan by Moonbeam!

Darwinia already has won the parachain auction slot on Kusama with its canary network Darwinia Crab a few months ago.

What are the upcoming steps for Darwinia? Here is the roadmap for the future:

  • adding the EVM module called Darwinia Smart Chain to the Darwinia Chain,
  • bridging the Darwinia Parachain with other Polkadot Parachains using XCM,
  • bridging the Darwinia Chain and the Darwinia Parachain using LCMP,
  • designing the Hybrid Message Routing Protocol,
  • bridging Polkadot and Kusama through routings,
  • bridging Darwinia with additional chains,
  • building a hybrid cross-chain network for Polkadot.
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2. Tinkernet Parachain won the 43rd auction on Kusama

Tinkernet Parachain is the recent winner of the 43rd parachain auction on Kusama Network by securing 10 057 KSM worth 492k USD in the crowdloan from 1102 contributors. Tinkernet was leading the auction almost all the time, so that was no surprise there.

Tinkernet Parachain is a canary network of the InvArch Network. Tinkernet was designed as the IP Asset & accelerated development staging grounds for the Kusama ecosystem. InvArch Network wants to build an intuitive network to tokenize ideas and form decentralized partnerships.

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3. Amplitude won the 42nd auction on Kusama

Amplitude has won the parachain auction #42 on Kusama by raising 24k KSM from 604 contributors of the crowdloan. Amplitude will launch on Kusama as a canary network of its sister blockchain Pendulum.

Pendulum is an open-source blockchain, which will connect DeFi applications to the foreign exchange markets and fiat-optimized blockchains such as Stellar together to bring maximum utilization of fiat money on Polkadot.

Amplitude will act as a testing ground for applications and network parameters for Pendulum. Users will be able to interact on the Amplitude chain with real financial consequences using the AMPE token.

4. Equilibrium integrates with Polygon and starts a new liquidity farming model

Equilibrium announced the integration with Polygon. This connection will bring the cross-chain all-in-one DeFi functionalities from Equilibrium to the Polygon and Ethereum ecosystems. This interconnection is the first of its kind between Polkadot parachain and Polygon.

Besides that, Equilibrium has another amazing news. They just introduced a new liquidity farming model. For another 6 months, users participating in liquidity farming have the opportunity to grab some exciting rewards for their participation such as doubling their rewards (for phase 1 at Republic offering and PLO1 participants).

For more detailed info about the mechanics and the reward distribution scheme check out this article.

5. Athos Finance is the first IDO on StellaSwap

The first IDO on StellaSwap’s launchpad will be Athos Finance. Athos Finance aims to provide users with on-chain price exposure through synthetic assets with infinite liquidity and no slippage on the Moonbeam Network.

Within the next two months, Athos Finance will launch $ATH token through the StellaSwap launchpad IDO, setting up a liquidity pool for $ATH token and running a farm to reward users who stake their LP tokens.

StellaSwap is one of the leading decentralized exchanges in the Moonbeam ecosystem as a project with one of the highest TVL and a huge active user base.

Consider supporting us by the nomination of your tokens to the Kusama or Polkadot validator going by the POLKADOTTERS name.

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Polkadotters | Kusama & Polkadot validators

Polkadotters | Kusama & Polkadot validators

Czech bloggers & community builders. We are validators of Polkadot, Kusama, Darwinia, Crab, Bifrost, HydraDX, StaFi, Centrifuge under the name: POLKADOTTERS