Weekly News from Polkadot & Kusama #155
1. Hydration Network launches the Money Market: DeFi lending & borrowing just got better
Hydration Network’s Money Market is officially live, supporting WBTC, DOT, USDC, and USDT. Users can lend assets to earn interest or borrow against collateral for greater capital efficiency. Built on Polkadot and powered by AAVE v3, Hydration’s platform ensures secure liquidations and scalable DeFi solutions. Whether for leveraging positions, creating arbitrage strategies, or avoiding asset sales, Hydration offers accessible tools for everyone. Start your journey today: Explore Here.
2. Bitwise proposes a diverse crypto ETF featuring Polkadot, Bitcoin, Ethereum and 7 other tokens
Bitwise has filed a 10-crypto index ETF with the SEC, spotlighting assets like Polkadot, Bitcoin, Ethereum, Solana, XRP, Cardano, Uniswap, Chainlink, Avalanche and Bitcoin Cash.
After Bitcoin and Ethereum ETFs, this is marking another step in crypto investment accessibility. This move, featuring a mix of top coins across blockchain ecosystems, underscores the growing push toward mainstream adoption and diversified exposure for crypto investors.
3. Gavin Wood announcement: Parity releases Polkadot JAM Rust SDK, a game changer for JAM development
Parity Technology has unveiled the first release of the Polkadot JAM Rust SDK, empowering developers to create JAM services and authorizers. The SDK includes three key components: JAM Types & PVM Common, JAM Bootstrap Service & Null Authorizer, and JAM PVM Builder.
This early-stage toolkit simplifies JAM service configuration and deployment with Rust-based tools. Developers can now explore this promising framework, marking a significant step in Polkadot’s innovation journey. Full details: JAM SDK Docs.
4. Polkadot’s JAM Toaster update: Next-level blockchain simulation at Polkadot Palace in Cascais, Portugal
New updates on the JAM Toaster released a high-performance simulation setup for Polkadot’s JAM protocol. Hosted at the Polkadot Palace in Cascais, Portugal, Phase 1 features 86 machines simulating 8 cores/node, scaling to 16 cores/node in Phase 2. The facility boasts efficient tech, including a pool doubling as a heat sink. This groundbreaking project refines scalability and composability for Polkadot, setting the stage for blockchain’s future.
5. Hyperbridge and Kylix Finance partner to revolutionize multi-chain lending
Hyperbridge and Kylix Finance are joining forces to elevate multi-chain lending solutions. By integrating Hyperbridge’s seamless cross-chain communication technology, Kylix Finance enhances user experiences with stablecoin fee payments and a consensus-driven approach. This partnership pushes the boundaries of verifiable multi-chain innovation, paving the way for smarter, more secure decentralized finance.
6. Kylix partners with StellaSwap: Lending, liquidity, and self-repaying loans
Kylix and StellaSwap are teaming up to enhance DeFi utility and efficiency. The partnership introduces lending markets for StellaSwap tokens, boosting yield and capital efficiency for token holders. Leveraging StellaSwap’s DEX for collateral liquidation streamlines operations.
Most excitingly, stDOT integration enables self-repaying loans — lend DOTs and watch your loans repay themselves through negative interest! This collaboration is set to redefine DeFi’s potential.
7. Goal Revolution kicks off this December: A football manager game on LAOS Network
Goal Revolution, a free-to-play football manager game, debuts this December on desktop and mobile! Powered by LAOS Network, it uses Bridgeless Minting to tokenize players on Polygon for trading through a Sequence marketplace. Manage your squad, set tactics, and rise through leagues in this innovative Web3 experience. Matches run twice daily — train, trade, and compete for glory! Learn more at Goal Revolution. ⚽
8. peaq welcomes QUAKECore to the ecosystem: Decentralized seismic sensors to combat natural disasters
QUAKECore, a decentralized seismic sensor network, has joined the peaq ecosystem, advancing disaster prevention through Web3 technology. Using peaq’s infrastructure, QUAKECore integrates seismic monitoring devices, enabling communities to detect and respond to natural disasters like earthquakes and tsunamis. Participants earn $QCT tokens for contributing data, while automated alerts help mitigate damage. This partnership showcases blockchain’s potential in tackling global warming’s devastating impacts with efficient, decentralized solutions.
- Support our Polkadotters 🦐 Shrimp, 🐙 Octopus & 🐬 Dolphin validators on Polkadot and be a part of a more secure Web3 future
- 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
