Weekly News from Polkadot & Kusama #111
1. Krest has won the 122th parachain auction on Kusama
Krest has won the 122th parachain auction on Kusama with its funds, 32 KSM worth $1227. Krest is a canary network from peaq.
Explore the first Economy of Things simulation network — a playground for innovation. Test your dApps and tools live on a public blockchain, without real-world consequences.
2. Polytope Labs secures Kusama parachain slot after winning auction no. 120. Polytope unveils revolutionary Hyperbridge integration
Polytope Labs has achieved a groundbreaking milestone by winning a Kusama parachain auction with a 10-KSM self-stake.
Following this success, Polytope Labs seamlessly integrated the Polygon POS Consensus into their innovative Hyperbridge, facilitated by the acquisition of a Kusama Core. Hyperbridge, a truly decentralized bridge for Ethereum L2s, is now poised to revolutionize interoperability, offering hyper-scalability and state-proof-based connectivity secured by Polkadot.
3. Moonbeam achieves cross-chain milestone: XCM channels now open with Composable, Pendulum, and Polkadex
Moonbeam, the premier hub for multi-chain applications on Polkadot, recently announced the successful activation of XCM channels with three prominent parachains: Composable, Pendulum, and Polkadex. This significant integration facilitates cross-chain interoperability, unlocking exciting opportunities for Moonbeam users.
Composable’s integration expands liquidity from Ethereum, Solana, and Cosmos via a trust-minimized bridge, enhancing the overall user experience. Pendulum brings its cross-border payment focus, connecting traditional finance with DeFi on Moonbeam, while Polkadex introduces its governance token PDEX to Moonbeam, offering new trading possibilities and enriching the ecosystem.
4. Pendulum’s PEN token launches on Stellaswap DEX, boosting DeFi accessibility on Moonbeam
Pendulum’s native token, PEN, is now trading permissionlessly on Moonbeam’s AMM, Stellaswap. This decentralized exchange (DEX) listing, coupled with the existing availability on MEXC, enhances PEN’s accessibility in both the DeFi community and Moonbeam/EVM ecosystems. The PEN-DOT token pair is live for trading on Stellaswap, enabling liquidity mining rewards for holders.
5. HydraDX’s second bond event secures over 11 million HDX bonds, accumulating 23,668.95 DOT in assets
In HydraDX’s recent bond event, users seized the opportunity to secure HDX bonds with a maturity period of approx. one year. The event parameters included minting 22,000,000 HDX bonds, distributed via a Liquidity Bootstrapping Pool (LBP) to accumulate DOT protocol-owned liquidity.
With a starting weight of 85% HDX Bonds and 15% DOT, the LBP concluded after 36 hours, resulting in the distribution of 11,407,923 HDX bonds out of the total 22,000,000. The accumulated assets amounted to 23,668.95 DOT at an average acquisition price of 0.00213 DOT. The successful event further strengthens HydraDX’s financial ecosystem.
6. InvArch tokens now accessible on Nova Wallet, elevating user experience in the Polkadot ecosystem
InvArch team for the successful completion of the VARCH TDE, distributing tokens to over 1,380 accounts. VARCH tokens are seamlessly integrated into the renowned Nova Wallet.
Recognized as a premier wallet within the Polkadot ecosystem, Nova Wallet offers a comprehensive mobile experience, allowing users to stake, vote, view assets, and access decentralized applications (dApps) across the ecosystem. With the addition of the InvArch network to Nova Wallet, users now have a streamlined gateway to the omnichain account unification network on Polkadot, enhancing accessibility for institutions, individuals, and DAOs. The collaboration marks a significant step towards fostering a more user-friendly and interconnected Polkadot experience.
7. Subsquid’s SQD token sale on CoinList: January 18th
Get ready for Subsquid’s SQD token sale in collaboration with CoinList on January 18th. With 4% of the total supply (1,337,000,000 SQD) allocated, participants can join the decentralized platform’s mission to scale Web3 through powerful, permissionless data access. Additional excitement awaits, with the possibility of an extra 1% becoming available during the sale.
8. Polimec’s TGE unleashes PLMC token: A new era in decentralized fundraising!
Exciting times for the Polimec community. The Token Generation Event (TGE) was a success, introducing PLMC, the native token of Polimec.
Holders, your PLMC tokens are ready in your participation wallet. The vesting period has begun, unlocking PLMC with each block. Stay tuned for on-chain functionalities like staking, evaluation, and governance, coming soon.
9. Beamswap’s lottery hits beta phase on Moonbase Alpha
Join the Beamswap Lottery beta phase for a chance to test the luck-driven feature before its mainnet launch. The testing phase ensures functionality, security, and fairness.
Participants can simulate scenarios, providing valuable feedback to optimize the lottery’s performance. Get ready and visit https://lottery.beamswap.io/lottery on Moonbase Alpha, the first Moonbeam TestNet, to grab your tickets and be part of the action.
10. Dive “Into the Blue” Airdrop by MantaNetwork ignites excitement in MantaPacific ecosystem
Ready to explore the depths of the MantaPacific 🌊ecosystem? Manta Network introduces “Into the Blue,” the official airdrop rewarding contributors of the fastest-growing L2 platform. Check eligibility based on 3 years of ecosystem contributions at http://airdrop.manta.network.
With 50M $MANTA up for grabs, representing 5% of the total supply, participants can claim Airdrop Rewards (30m) and Airdrop Bonus through The Great Treasure Hunt (20m). Learn more in this article.
If you are going to participate in the Manta Network New Paradigm airdrop, use this referral link https://newparadigm.manta.network?inviteCode=N8YOL
https://newparadigm.manta.network?inviteCode=LQTQK
https://newparadigm.manta.network?inviteCode=Q1OAH
11. OriginTrail unveils historic wine NFT on Decentralized Knowledge Graph infused with AI
OriginTrail, a trailblazer in decentralized knowledge, has minted the first-ever premium wine, RWA, on its Decentralized Knowledge Graph. This fine wine NFT is now powered by decentralized AI, adding a unique twist to its allure.
Participate in the GrtWines Genesis NFT Competition for a chance to win the exquisite Haut Brion bottle. Follow the steps at https://blog.grtwines.com/the-grtwines-genesis-nft-competition/ and elevate your NFT collection with a touch of class and innovation.
12. Bitrats community unleashes a credential bonanza: Claim your share of $1000 in RATS
Last week, the dynamic community at Bitrats rallied around the mission, with numerous users generating credentials related to $RATS. Now, it’s time for you to claim your piece of the action and grab your share of the $1000 bounty in RATS.
Simply log in to Litentry IdentityHub at http://bit.ly/4aBsDMr to generate your credentials and secure your spot in this lucrative opportunity. And don’t forget to claim your Ordinals role on Discord at http://bit.ly/4aDXwjp.
- 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
