Weekly News from Polkadot & Kusama #113
1. Amplica Labs and MeWe migrated 500K users from Web 2.0 to Web3, enabled by Frequency blockchain
MeWe and Amplica Labs celebrate the migration of 500,000 users from Web 2.0 to Web3. Leveraging the Frequency blockchain, developed by Amplica Labs, this milestone marks the largest seamless transition of its kind.
MeWe, a global social network, embraces Web3 technologies, offering users unprecedented privacy, control, and features. This achievement aligns with Project Liberty’s vision, emphasizing the potential for a healthier, user-centric internet.
2. #StakeDOT continues with the second crowdloan unlockening
As Polkadot went for the second batch of crowdloan unlocks on January 16th, unveiling over 26 million DOT tokens from auctions 6 to 11, DOT holders must navigate this significant event strategically.
While not as hyped as the initial “Big Unlockening,” this unlocking remains the second-largest, presenting ample opportunities for DOT holders to make informed decisions.
Check out our latest article related to the second unlockening and what opportunities DOT holders have.
3. Unlock DOT rewards with HydraDX and Bifrost: Yield DCA and Liquidity Mining
What to do with DOT unlock from the first batch of crowdloan auctions? Join forces with HydraDX and Bifrost to maximize your DOT rewards through two exciting ways.
Yield DCA: Diversify your DOT staking yield (average APY of 15%) by converting it into any traded asset such as HDX via vDOT on HydraDX.
Liquidity Mining: Offers additional HDX and BNC rewards for LPing vDOT into the Omnipool, targeting a $4M vDOT TVL with a combined ~10% APR, , on top of the underlying staking yield of vDOT.
While minting vDOT on Bifrost, use our link to get extra benefits and support this channel at the same time:
https://bifrost.app/vstaking/?r=polkadotters
4. Bifrost incentivizes vDOT farming pools, get up to 66% APY
Bifrost, as part of its Polkadot Unlock Harvest, introduces lucrative farming pools for vDOT enthusiasts. Earn impressive APYs of 17.10% on vDOT/DOT pairs and a staggering 66.75% on vDOT/USDT pairs.
With over 26,000 BNC set as rewards, it’s an opportunity you don’t want to miss. Simply follow these steps:
- Purchase DOT,
- Mint vDOT, and
- Start farming on Bifrost’s platform.
For more details, check Bifrost’s Twitter announcement.
And again, while minting vDOT on Bifrost, use our link to get extra benefits and support this channel at the same time:
https://bifrost.app/vstaking/?r=polkadotters
5. Unlock the power of DOT with Astar Network & some amazing campaigns
Astar Network’s DOT unlock event offers holders multiple ways to boost liquidity on Astar:
- Provide LP Tokens on ArthSwap: Enhance liquidity by contributing LP tokens.
- Use vDOT as collateral on Starlay Finance lending market: Multiply your impact by leveraging vDOT.
- Mint vDOT for AstarStrike Game: Dive into the AstarStrike Game, powered by Neurolanche X Labs, by minting vDOT.
Participate in these campaigns to unlock global prizes totaling 15,000 BNC.
6. Snowbridge deploys on Rococo: Seamless cross-chain asset transfer to Ethereum Sepolia achieved
Exciting news as Snowbridge successfully deploys on Rococo! The seamless transfer of assets from Ethereum Sepolia to AssetHub Rococo and back showcases the platform’s prowess in enabling smooth cross-chain transactions.
Stay tuned for more developments as Snowbridge continues to bridge the gap between Polkadot and the Ethereum ecosystem.
7. Distractive secures Decentralized Futures Grant from Web3 Foundation
The Web3 Foundation announces Distractive as the inaugural recipient of the Decentralized Futures Grant, a significant step in advancing the growth and innovation of the Polkadot ecosystem. Led by Katie Butler and Nate Hamilton, Distractive, established in 2023, emerges as a key contributor to the decentralization of the Moonbeam Network.
Distractive’s strategic initiatives, backed by the grant, align with Polkadot’s commitment to decentralization and community empowerment:
- Community-Centric Engagement: Revolutionizing interactions between marketing teams and the Polkadot community, Distractive aims to actively involve community members in planning and executing strategies.
- Enhancing Communication and Messaging: Recognizing the complexity of Polkadot’s technology, Distractive will refine messaging to address both technical and non-technical audiences, making the technology more accessible.
- Dynamic Marketing Campaigns and Digital Presence Revitalization: The grant will fuel impactful marketing campaigns and a revamped digital presence, elevating Polkadot’s profile across diverse audiences and providing comprehensive resources for developers.
8. Nodle Explorer upgrade unveils enhanced features
Nodle Explorer gets a major facelift, enhancing user insights into the Nodle Ecosystem. The Network view simplifies by merging the monthly and weekly active nodes onto a single page, while the new Token view consolidates metrics for the NODL token and Nodle chain.
Users gain insights into circulation, market capitalization, and inflation rate. The Token view expands to cover detailed chain activity metrics, including NFT data. Convenient links and metric explanations add user-friendly touches. The redesigned Explorer offers a user-centric portal for streamlined navigation and clearer insights into the Nodle universe.
9. Subsquid's SQD sale breaks records on CoinList
In a remarkable feat, the SQD sale on CoinList, including additional allocations, achieves a lightning-fast sell-out in just 19 minutes. This success underscores the overwhelming support from the Subsquid community, showcasing the project’s widespread appeal and rapid adoption.
10. Crust Network integrates Crust Files and Cloud with Algorand ecosystem
In a groundbreaking move, Crust Network seamlessly incorporates Crust Files and Crust Cloud into the Algorand ecosystem. This integration marks a significant advancement in decentralized storage, amplifying Algorand’s blockchain capabilities.
11. Manta Network is the first ZK L2 listed on Binance
Manta Network achieves a historic milestone by becoming the first ZK L2 (Zero-Knowledge Layer 2) to be listed on Binance. Alongside engaging activities like “Into the Blue,” “New Paradigm,” and the thrilling “Squad Game,” Manta Network emerges as the L2 platform designed for the people.
12. NeuroWeb.AI unveils beta knowledge mining on Polkadot
NeuroWeb.AI launches beta knowledge mining on the Polkadot parachain, utilizing OriginTrail’s DKG. This initiative empowers users to contribute decentralized artificial intelligence (AI) insights.
With a substantial 1,000,000 $NEURO token pool, participants can engage in five knowledge categories, including:
- Art
- DeSci
- OriginTrail & Web3 ecosystems
- Construction & sustainability
- Fintech knowledge
Join them at NeuroWeb.AI and mine knowledge as the new asset class.
13. Polkassembly collaborates with Zeitgeist Prediction Markets
Exciting collaboration as Polkassembly joins forces with Zeitgeist to introduce prediction markets for enhanced governance. This dynamic partnership targets increased participation, amplifies discourse on proposals through predictions, and paves the way for novel experiments in self-governing communities and DAOs.
14. Starlay Pool Staking launches on Acala Euphrates, stake DOT or LDOT for juicy rewards
Starlay Pool Staking goes live on Acala Euphrates. Stake your DOT or LDOT to earn tempting ACA rewards. Later, these staked assets will be converted and deposited into the Starlay platform, unlocking additional rewards in ACA, LAY, and LDOT. Start staking now at farm.acala.network.
- 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
