Weekly News from Kusama & Polkadot #64
1. Moonriver has won the 67th parachain auction on Kusama by self-funding
Moonriver secured another parachain slot on Kusama by self-funding 7 000 KSM worth $257k. Moonriver already secured its third parachain auction slot, after winning auctions no. 2 and no. 27 in the past.
Moonriver was at the lead of the auction 94% of the time, so there was no surprise that it took the win.
Moonriver is a canary network of Moonbeam, which is an EVM-compatible parachain on Polkadot. Moonriver is connected to the Ethereum Virtual Machine (EVM) through its integration with the Substrate framework. Substrate provides the infrastructure for building and deploying blockchain applications, including support for the EVM. This enables developers to easily port their existing Ethereum-based applications to Moonriver, leveraging the benefits of the Kusama network, such as interoperability and scalability.
2. HydraDX Omnipool liquidity exceeded 1 mil. USD, HDX listed on Kraken
HydraDX Omnipool, a revolutionary decentralized exchange launched a month ago, has reached a significant milestone. The Omnipool liquidity exceeded 1 mil. USD and now sits on the TVL (total locked value) of ~1,5M USD.
HydraDX recently added WBTC to the Omnipool, so right now, you can swap these kinds of assets:
- HDX — a native token of HydraDX
- DAI — decentralized stablecoin
- DOT — the main token of the Polkadot network
- WETH — bridged ETH via Wormhole bridge
- WBTC — bridged BTC via Wormhole bridge
- LRNA — non-tradable (yet) hub token, through which all trades are routed
HDX, the native token of HydraDX, was last week listed on the Kraken exchange. HDX is now tradable on Kraken in those trading pairs:
Kraken is the first CEX, where HDX was listed. Kraken also enabled users to participate in the HydraDX crowdloan, so the listing from Kraken was pretty expected. Let’s see whether other exchanges will continue with listing HDX tokens.
3. KILT launches new website with Checkout Service powered by PayPal for convenient obtainment of DIDs
KILT, a decentralized digital identity platform, has launched its new website with two innovative solutions for obtaining DIDs (Decentralized Identifiers). The website offers a Checkout Service that allows consumers to purchase DIDs using PayPal, making the process more convenient. Additionally, KILT has created an enterprise solution for businesses to buy large numbers of DIDs for their customers or employees and pay in one transaction via bank transfer.
KILT places a strong emphasis on privacy, ensuring that all DIDs are generated on the user’s device in their private wallet and are unique to each individual. With its commitment to privacy by design, KILT provides a secure and trustworthy platform for users to build their decentralized digital identity.
In summary, KILT’s new website offers a convenient and secure solution for obtaining DIDs, making it easier for consumers and businesses to take the first step towards a decentralized digital identity.
4. AirLyft and Moonbeam integrate for streamlined Web3 marketing solutions
AirLyft, the leading marketing platform for Web3 projects, has announced its integration with Moonbeam. With its integration, both teams now have the power to run customized campaigns, automate contests, and create NFTs and other on-chain incentives without having to write a single line of code.
AirLyft platform also makes it possible to automatically distribute rewards for quests, making it easier for teams to engage with their communities. The integration of AirLyft and Moonbeam has created a game-changing solution for the Web3 industry, empowering teams to reach a wider audience and engage with their communities in a more interactive and creative way. AirLyft is simply the platform that can help Moonbeam to achieve its marketing goals with ease.
5. Litentry launches cutting-edge Web3 identity platform for seamless digital identity management
Litentry has announced the official launch of its new and improved platform design, aimed at giving users greater control over their online identity and assets.
The Litentry Identity Hub offers a cutting-edge solution for web3 identity management, making it easy for users to aggregate their personal data from various blockchains and platforms, and manage granular access to decentralized applications (dApps).
Get ahead of the curve and be one of the first to experience the power of the Litentry Identity Hub. This platform offers a seamless solution for managing your digital identity and assets, giving you the power to take control of your online presence like never before.
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