Weekly news from Kusama & Polkadot #59
1. Pendulum has the fastest crowdloan, which was capped in 3 minutes!
Pendulum launched a crowdloan on December 16th. But the crowdloan capped in just 3 minutes from its launch, to be more concrete it took only 2m43s! Within that time, there was locked into the crowdloan ~300k DOT worth $1,4M from 51 contributors.
Until that, the fastest crowdloan was done by the Mangata X, which crowdloan took approx. 50 minutes to fulfill the cap.
Pendulum is a blockchain project that aims to bridge the gap between the traditional financial system and the decentralized finance (DeFi) ecosystem. It is an open-source platform built with Substrate, which allows DeFi applications to connect to the foreign exchange market.
With Pendulum, it is possible to create automated market makers (AMMs) to provide scalable liquidity pools for fiat currencies and offer yield-earning opportunities for holders of fiat-pegged tokens.
2. Energy web Green Proofs staking was launched
The Energy Web Green Pool was just opened, so if you want to stake your EWT with Green Proofs, just go to this website and follow the steps https://green.stake-ewt.io.
Staking EWT will provide cybersecurity for Energy Web’s solutions, starting with Green Proofs. Everyone is able to participate in the new Green pool, which launched on Dec 13. Consistent Green stakers, who stake enough EWT will earn a Green Proof VCand are able to be rewarded with additional features!
Besides Green Pool staking, consistent stakers of the previous Consortia Staking Pool will receive Silver or Gold VCs if they continue to stake EWT until the end of the current Consortia pool, which was on December 18th, 2022. Silver and Gold VCs allow users to receive additional rewards, which will be distributed in the Silver and Gold staking pools, which will go live on December 22th 2022.
More information about staking of EWT you can find here on the official Energy Web pages.
Energy Web is an organization that promotes the use of digital technologies to facilitate a transition to low-carbon, customer-centric energy systems. Its Energy Web Decentralized Operating System (EW-DOS) allows any energy asset owned by any customer to participate in any energy market. The Energy Web Chain, the first public blockchain for the energy sector, serves as the foundation for the EW-DOS technology stack. Energy Web’s ecosystem includes major utilities, grid operators, renewable energy developers, corporate energy buyers, and IoT and telecom companies.
3. Bifrost will launch vBNC token
Bifrost is about to launch a new vToken. After vDOT, vKSM, vETH, vGLMR, and vMOVR, Bifrost is going to launch a derivative token of its own native token BNC. You will be able to unlock the full potential of Bifrost with a BNC token.
Users will be able to use liquid staking of BNC with the vBNC derivative token launch starting December 22nd.
4. Origin Trail B6 engine is live
The V6 engine is live. New docs, tools, and resources for asset creators, node runners, and builders are coming in the following days.
The V6 engine is the more performant next-generation Internet engine of Origin Trail enabling the global economy to work sustainably by organizing humanity’s most important knowledge assets.
5. BAJU has been listed on the MEXC Global exchange
MEXC Global exchange lists Bajun Network native token BAJU in the Innovation Zone, while deposits and withdrawals are opened already. The trading for the BAJU/USDT trading pair will be opened on December 21st, 2022 at 11:00 UTC.
Bajun Network operates on Kusama as the canary network for Ajuna and is fueled by the BAJU token. The Bajun Network will be fully functional and host games, providing a fast-moving environment for development and testing for the further launch of Ajuna.
Ajuna Network is the fastest way for developers and game studios to create high-quality, decentralized games. It seamlessly integrates industry-leading game engines — Unity and Unreal — with the world of blockchain-based assets.
Bajun Network has a much easier slot leasing strategy to support smaller game studios and small groups of game developers. It focuses to be the creative environment that can be used to pursue new kinds of game concepts and introduce new features and functionalities on a fully functional network.
6. Acala presented a roadmap for 2023
Acala Network released an updated roadmap. Acala’s roadmap for 2023 focuses on four different parts of interest, including security, product development, institutional integrations, and governance. Let’s dive into all those parts in a bit of detail.
1. Security & Monitoring
- Substrate multi-chain testing suite: Chopsticks (building open source for Polkadot ecosystem)
- XCM policy pallet: rate limit movements of value to enhance security
2. Product Development
- Acala Apps 2.0 — unified cross-chain DApp, updated UI/UX, updated liquid staking stats and reporting
- tDOT Real Yield product enhancements in collaboration with Tapio
- Democratized liquidation pools (opportunity for aUSD holders) in collaboration with Kujira
- Interchain Proof Oracle Network for asynchronous and trustless state reading, to provide a foundation for many applications such as cross-chain proof of reserves, cross-chain smart contract execution/automation, and more.
3. Institutional Integrations
- Institutional DOT Liquid Staking implementation and integration into Liquid Collective with Alluvial, Coinbase, Kraken, Figment, and more
- Continue integration work with Current.com
- Continue integration work with Venkman for enterprise loyalty programs
4. Governance
- Governance v2 integration and revamp
- Renewing Acala’s parachain slot in Q4
source: Dan Reecer’s article
7. Crust is launching on Arbitrum, an L2 of Ethereum
Crust Network, a decentralized cloud solution for Web3 developers and users, is now launching on Arbitrum. Arbitrum is Ethereum’s scaling solution, one of the main L2 at this moment.
Arbitrum users and developers can now access 750,000 TB of decentralized storage through Crust Network, which is backed by over 1,700 nodes. This storage can be easily accessed using a dedicated storage smart contract on the Arbitrum One network, which allows users to store their data and files using Arbitrum ETH.
Besides that integration, Crust recently announced that will be joining CyberConnect and Link3, the world’s largest Web3 AMA platform that helps teams build relationships with community members through Web3-native events. Link3 Event Planner provides a powerful toolkit for this purpose.
8. HydraDX rebranded the website
HydraDX, a revolutionary decentralized exchange of the AMM style, recently rebranded the website. Besides the graphic refresh, let’s look under the hood at what HydraDX is planning for the closest future.
HydraDX will bring the unique Omnipool functionality, which will enable 2–4x more capital-efficient trading thanks to lower slippage and fewer hops. This is all due to the deep, diversified, and unfragmented liquidity of just one pool for all the listed assets.
The mission of HydraDX is simply to bring an ocean of liquidity to Polkadot and become the central point of every possible swap in the Dotsama ecosystem.
Omnipool will enable to provide liquidity only for the asset user wants, so even just a single token. The Omnipool will then mint and burn a corresponding amount of the pool token LRNA.
From the updated website, we can figure out, that the launch of HydraDX is very close. The first assets of Omnipool will most probably be HDX (the native token of HydraDX), pool token LRNA, stablecoin DAI, and DOT.
9. Litentry presented 5 collators, Polkadotters are among them
Litentry has presented the 5 Collators selected for its Collator Program, providing the community with details about who they are and what they are up to. The list includes Pathrock, StakerSpace, Web3Go, StakeWorks, and Polkadotters!
Litentry is a decentralized identity aggregator, that provides the structure and tools to empower users and their identities. Litentry secured the 15th slot on Polkadot by winning the auction.
Consider supporting us by nominating your tokens to the Kusama or Polkadot validator going by the POLKADOTTERS name.
