Weekly News from Polkadot & Kusama #101
1. T3rn Kusama has won the 109th parachain auction on Kusama
T3rn Kusama has won the 109th auction on the Kusama network by self-funding 51 KSM worth ~$900. T3rn was at the lead for ~92% of the time, so it was very probable that they would secure the slot.
T3rn is a smart contract hosting platform that aims to create an ecosystem where anyone can use and deploy an interoperable smart contract. It offers a solution for successful multi-chain execution with fail-safe mechanisms built in. T3rn already has its own slot on Kusama.
Smart contracts stored in the t3rn registry can be used by anyone, while developers who contribute to the open-source repository can get rewarded. The parachain shell on Polkadot refers to the code framework that developers use to create their own custom blockchain, enabling communication with the Polkadot relay chain and other parachains on the network. The shell is a key component of t3rn’s multichain protocol, offering fail-safe, interoperable execution, and smart contract composability.
2. Polkadot’s Big Unlockening: 100 million DOT crowdloan release, ideal staking rate adjusted
Polkadot’s much-anticipated event, known as The Big Unlockening, is coming on October 24th. A staggering 100 million DOT tokens are set to be released from the first batch of parachain auctions.
Simultaneously, the ideal staking rate within the network has been recalibrated, offering more opportunities for users to participate.
For more details, check out our latest article below.
3. Bifrost announces Polkadot Unlock Harvest Campaign: Unlocking exciting rewards for DOT holders
Polkadot’s Unlock Harvest is set to mark a significant event — the large unlock of locked DOT from the initial Polkadot crowdloan, two years in the making. To celebrate, Bifrost has introduced the Polkadot Unlock Harvest Campaign, offering exciting opportunities for users.
This campaign comprises a warm-up phase and a formal phase. In the formal phase, the focus is on obtaining “Raindrops,” tokens that can be earned through various methods. These Raindrops will be used to calculate rewards for participating users once the campaign concludes. Don’t miss out on this event, commencing at 12 AM UTC on October 24th!
Users can get Raindrop points through:
- Participating in the first round of crowdloans — 2000 Raindrops
- Inviting eligible users to claim their points — 1000 Raindrops
- Minting vDOT— 300/400 Raindrops for each single DOT staked on Bifrost
Claim your Raindrops Airdrop now: https://bifrost.app/dashboard/boost
4. Stablepools boost trading efficiency of stablecoins on HydraDX Omnipool
HydraDX Omnipool, the highly liquid decentralized exchange (DEX) in Polkadot, is now even more potent with the introduction of Stablepools. This integration begins with a 4pool comprising USDC, DAI, USDT (Moonbeam Network), and native USDT, ensuring that users can stay ahead of the curve in trading efficiency.
Stablepools, an innovation pioneered by Curve Finance, facilitate capital-efficient swaps between closely correlated (pegged) assets, significantly reducing slippage and liquidity deployment requirements. Most of the liquidity from the 4pool is also accessible within the Omnipool.
The HydraDX Protocol has contributed approximately $1.2 million worth of POL as the last-resort liquidity for the 4pool. Excitingly, the upcoming deployment of the 2pool, USDC-USDT (native), is expected to kickstart with a TVL of around $4 million in POL. This unique combination of Omnipool, 2pool, and 4pool promises deep and versatile stablecoin liquidity, spanning both native and bridged assets.
Besides that, to commemorate the Big Unlock, HydraDX plans to gather additional DOT for its Protocol-owned liquidity (POL), possibly through a Bonds campaign and Liquidity Bootstrapping Pool (LBP) event, with a proposed issuance of 50,000,000 HDX bonds, each with a 1-year maturity, redeemable against HDX, and tradable even before maturation.
5. Pyth Network joins Manta Pacific, bringing cutting-edge oracle capabilities to ZK applications
Manta Pacific, the EVM-native modular blockchain for zero-knowledge (ZK) applications, is thrilled to welcome Pyth Network into its ecosystem. Pyth Network, renowned for delivering high-frequency financial market data across multiple blockchains, will offer an array of innovative use cases within the Manta Network.
With Pyth Price Feeds now live on Manta Network, smart contract developers can harness over 350 low-latency price feeds covering equities, ETFs, commodities, FX pairs, and cryptocurrencies. This integration further solidifies Manta Network’s position as a hub for cutting-edge ZK applications.
“The Pyth integration marks an exciting development for Manta Pacific. We are excited to introduce a source of accurate, high frequency data and look forward to the many new use cases that it unlocks within the ecosystem.” said Kenny Li, Cofounder, Manta Network.
6. Manta Network will be using Polygon Chain Development Kit (CDK) and open source toolkit for building zkEVM L2s
Manta Network is joining forces with Polygon Labs to integrate zkEVM into the Manta Pacific infrastructure, offering robust security and improved user experiences. This collaboration paves the way for Manta Network’s future development using the Polygon Chain Development Kit (CDK), streamlining ZK dApp development without the need for in-depth cryptography knowledge.
The goal is to create a thriving ZK dApp ecosystem on Manta Pacific, empowering developers to create innovative and privacy-focused applications.
7. ASTR goes live on Polkadex Orderbook for lightning-fast trading
Polkadex users can now take advantage of ASTR’s non-custodial limit and market orders at speeds comparable to centralized exchanges. This development introduces new possibilities for trading bots on the ASTR/USDT trading pair.
ASTR is the native token of Astar Network and its already 4th token listed on Polkadex after PDEX, USDT and DOT.
Get started at Polkadex Orderbook.
8. vASTR arrives on Bifrost: unlock the power of liquid staking for Astar native token
Experience the benefits of liquid staking with Astar Network’s native token token, vASTR, now available on Bifrost. This integration enables users to unleash the liquidity of their staked tokens, enhancing ASTR’s interoperability and expanding DeFi horizons.
9. Enjin’s Canary test network and NFT.io launched and opens doors for developers
The Canary test network has officially launched the Enjin Platform and NFT.io, offering developers a secure testing environment to build and experiment with Enjin’s tools. The test network is especially useful for developers as it allows them to iterate freely without affecting the mainnet.
Developers can acquire testnet ENJ (cENJ) from the Canary Faucet to cover their transaction fees. With the Enjin Platform, NFT marketplace, and other resources now available on Canary, developers can dive into creating innovative gaming and NFT projects.
- Enhance Polkadot’s governance process by delegating your DOT or KSM to POLKADOTTERS, dedicated community supporters within the Polkadot ecosystem, enabling seamless participation in on-chain governance through Nova wallet or Polkadot Delegation Dashboard
- Support Polkadotters Shrimp and Polkadotters Octopus on Polkadot and be a part of a more secure Web3 future
