Weekly News from Polkadot & Kusama #108
1. HydraDX has won the 56th parachain auction on Polkadot
HydraDX has won the 56th parachain auction on Polkadot with its funds, 30,000 DOT worth $215k. This is already the second slot for HydraDX.
But wait….what about Polkadot 2.0 with agile coretime, where parachains need to purchase the blockspace? Why compete for a slot now, you might ask?!
Those who have a slot will keep it in the new system, so, for example, the fact that HydraDX recently won the auction means that they will start paying for blockspace two years from now.
HydraDX is a major DEX in the Polkadot ecosystem that provides robust support for tokens across most valuable parachains, including Moonbeam’s GLMR, Zeitgeist's ZTG, iBTC from Interlay, or LSD token vDOT from Bifrost, offering users a comprehensive and interoperable experience within the Polkadot ecosystem. HydraDX also brought to Polkadot various exclusive trading features such as DCA (dollar-cost averaging) tool etc.
2. Join Polkadotters on Twitter Spaces for an AMA with Eugene Way & Hangbiao from Vara Network, on December 13th
We are excited to announce that Polkadotters will be hosting an upcoming AMA (Ask Me Anything) session on Twitter Spaces with EugeneWay & Hangbiao from Vara Network.
December 13th, 2023, 4pm UTC
We’ll dive deep into the intricacies of Vara Network, exploring tokenomics, validator roles, and the NPoS consensus mechanism.
Don’t forget to set a reminder for this exciting event by visiting the Twitter link provided: https://twitter.com/i/spaces/1RDGllDDgRdGL.
3. Enjin starts migration of 200 million NFTs, paving the way for Web3 adoption
In a momentous achievement last week, Enjin Blockchain started the seamless migration of 200 million NFTs and tokens from Ethereum and JumpNet by a snapshot, marking a significant step towards Web3 adoption. The migration, initiated on December 8th, 2023, featured operational network-wide fuel tanks, allowing three months of fee-free trades for the migrated assets and reinforcing Enjin’s commitment to user-friendly blockchain experiences.
As part of the migration aftermath, users can anticipate the relocation of Enjin Coins on JumpNet (JENJ) back to Ethereum wallets in April 2024, marking the conclusive shift away from Ethereum-related services. Enjin Blockchain’s cost-effective model, with transaction fees merely a fraction of a penny, positions it as a favorable alternative. The addition of innovative Enjin Fuel Tanks ensures smooth and affordable transactions through pre-loaded token pools, offering users a customizable blockchain experience with rule-setting, permission definition, and control over Fuel Tank access. This success underscores Enjin’s readiness for widespread adoption and solidifies its role as a leader in the Web3 gaming ecosystem.
4. HydraDX Omnipool and Polkadot Fellowship collaborate with major DOT-to-USDT swap initiated with DCA schedule #1337
In a groundbreaking move, Polkadot Fellowship, in collaboration with HydraDX, launches the Omnipool DCA schedule #1337. This strategic initiative aims to swap 469K DOT into USDT for the world’s largest DAO.
The schedule systematically accumulates 250 USDT every ~36 minutes until completion, while periodically sending 5000 USDT to the Fellowship account for salaries.
Track the DOT balance here and the Fellowship Treasury account’s USDT balance here. This USDT will fund Polkadot Fellowship salaries, potentially covering them for a significant part of the year as outlined in this GitHub document. The entire process adheres to Polkadot’s principles of non-custodial, trustless, and fully on-chain decentralization.
5. Solana is on StellaSwap! Trade it or farm with 200% APR
Exciting news for crypto enthusiasts, traders and farming degens! Solana token SOL is now live on Moonbeam Network, and the incentivized SOL-DOT farm is locked and loaded, boasting APRs of 200%+.
Trade and stake SOL on Moonbeam Network through StellaSwap. In just 24 hours, the farm has already accumulated $20k in TVL, 13k in trade volume, and a remarkable 200+% in Farm APR. Don’t miss out Solana on Polkadot!
6. Moonbeam Network integrates with Subsocial Chain via XCM
Moonbeam Network and Subsocial Chain have joined forces through the opening of an HRMP channel. This integration marks a significant milestone in Subsocial’s protocol announcements, facilitating smooth SUB transfers between Moonbeam and Subsocial. The collaboration enhances interoperability and connectivity within the blockchain ecosystem, showcasing the commitment to fostering a decentralized and interconnected future.
7. C9 Coin and Tanssi Network forge partnership for blockchain revolution
C9 Coin and Tanssi Network have united forces in a groundbreaking collaboration, propelling C9 into the Web 3.0 era. By deploying its appchain on Dancebox, Tanssi’s TestNet, C9 has transitioned to its custom Layer 1 blockchain — the C9 Chain.
This strategic move aims to revolutionize DeFi, introducing a spectrum of tokens supporting eco-friendly projects. The partnership leverages Tanssi’s ContainerChain, offering faster transaction speeds, dedicated block space, and advanced governance mechanisms. C9’s enhanced capabilities include multi-application support, full customizability, heightened security, simplified integration, and cross-chain interoperability, setting a new standard in blockchain innovation.
C9 Tech, once a Web 2.0 provider, now pioneers blockchain innovation, exemplified in projects like AKHDAR token and COP-28 involvement.
8. Apillon 1.0 launches with stable monthly subscriptions and fiat-based pricing, featuring Stripe integration
Applauding the milestone, Apillon 1.0 is now live! The update introduces stable monthly subscription plans and fiat-based pricing, seamlessly integrated with the latest Stripe technology. This release marks the end of Apillon’s Closed Beta, welcoming a new era of accessible Web3 development.
The unified pricing model ensures predictability and scalability, allowing users to focus on creating innovative products without the complexity of token volatility. Explore Apillon’s subscription plans catering to diverse needs and celebrate the platform’s evolution, now open for business growth and scaling opportunities.
- 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
