Weekly news from Kusama & Polkadot #58

1. OmniBTC has won the 34th parachain auction on Polkadot

source: parachains.info

OmniBTC is an omnichain financial platform for web3, that includes two key features, which are swapping and lending.

Key features of Omnichain:

  • Omnichain Swap. Based on LayerZero, an omnichain interoperability protocol, users can swap any token between chains with one click.
  • BTC Omnichain Lending. Combining BTC Layer2 smart contract platform ChainX and omnichain interoperability protocol LayerZero, users can lend their BTC and also borrow any stablecoin on any chain.

2. Bifrost enabled XCM integration with Astar and Shiden

One parachain’s ability to make remote calls on another’s is made possible by XCM, which is a beneficial component for the liquid staking solution that Bifrost offers via XCM for ASTR and SDN tokens.

Other Bifrost liquid staking derivatives are vDOT & vKSM. Their availability on Astar & Shiden will build the case of cross-chain derivative minting and redemption, and interact with Astar borrowing or lending protocols by achieving remote liquidation and swap.

By utilizing ASTR for DApp Staking, vASTR could be another case for liquid staking.

3. Acala engineering team has delivered Chopsticks — a new open-source testing client

Chopsticks is a new testing client that allows developers to fork a Substrate-based network for testing that can simulate the same environment as the mainnet. With Chopsticks, devs will be able to modify the on-chain state of the fork-net arbitrarily, as well as stub host functions.

With the fork, devs are able for example to replace council members or test Treasury proposals.

Chopsticks is a new testing client to help developers create a parallel reality of any Substrate-based network instantly. It was created to eliminate moments when Governance or Treasury votes have had to be redone due to unexpected errors because there were no tools for developers to test them accurately and easily.

4. DEX screener now supports Acala

From now on, all pairs on Acala Swap are supported on the DEX screener website, including tracking asset movements, volume, makers, as well as useful features like adding a pair to the watchlist, in-app price alerts, and telegram price alerts.

Dexscreener is planning to launch the mobile app soon in the future, which is currently in Beta testing.


5. Mangata X listed BNC, vKSM, vsKSM and vMOVR

BNC, vKSM, vsKSM and vMOVR are newly listed tokens, which will create new liquidity mining incentives and arbitrage opportunities for Mangata X users.

On the other side, MGX, the native token of Mangata X, will become available on the Bifrost chain.

6. LIT token is now live on Coinbase

The LIT token serves as the utility asset of the Litentry Network, which provides access to the network’s features including governance, staking, and identity linking.

Litentry is a Decentralized Identity Aggregation protocol across multiple networks. It features a DID indexing mechanism and a Substrate-based credit computation network. Litentry protocol provides a decentralized, interoperable identity aggregation service that relieves the difficulty of resolving agnostic DID mechanisms.

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



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

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Polkadotters | Kusama & Polkadot validators

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