Weekly News from Polkadot & Kusama #87
1. Crab Network has won the 91st parachain auction on Kusama
Crab Network, a canary network of Darwinia Network, has won the 91st parachain auction on Kusama by self-funding 248 KSM worth ~5,95k USD. Crab Network is already a winner of auctions #22 and #59.
Crab Network revolutionizes Kusama ecosystem by offering native support for cross-chain functionality, smart contracts, and NFTs. Its versatile use cases include cross-chain DEX, lending, asset bridges, NFT markets, DAO governance, and multi-chain gaming.
2. Interlay launches InterBTC DeFi platform on Polkadot, unlocking Bitcoin’s potential in decentralized finance
Interlay has launched the InterBTC DeFi platform on Polkadot, unlocking the potential of Bitcoin in the DeFi space.
With trustless wrapped Bitcoin bridges and decentralized vaults, iBTC ensures secure and seamless transactions, allowing users to redeem 1:1 on the Bitcoin blockchain. Interlay offers a one-stop shop for Bitcoin DeFi, featuring farming, liquidity mining, lending, borrowing, and decentralized swaps.
Users can earn rewards by providing liquidity, accessing lending and borrowing opportunities, and swapping assets without intermediaries.
3. LYNC partners with Astar Network to seamlessly welcome the next billion gamers to Web3
LYNC, a leading platform for developers in the blockchain gaming space, has announced its partnership with Astar Network, Japan’s most popular smart contract platform.
This collaboration aims to revolutionize game development by enabling game developers and studios to launch blockchain-based games on Astar Network in a matter of minutes. Leveraging LYNC’s SDKs and infrastructure, developers can now easily navigate the complexities of Web3 gaming and list in-game assets as NFTs on Astar Network.
With support for both Astar EVM and WASM environments, LYNC offers flexibility and seamless integration. This partnership paves the way for a rapid and enhanced gaming experience on Astar Network, unlocking the true potential of blockchain gaming.
4. Crust Network secures seven-figure funding from DWF Labs to revolutionize decentralized storage
Crust Network, the decentralized cloud storage protocol, has secured significant funding from DWF Labs, empowering the project to transform the storage landscape with advanced technology. On July 17th, Crust will launch EVM Storage, a game-changing solution that integrates the Crust mainnet, Polkadot parachains, and EVM contracts to deliver seamless decentralized storage across the entire EVM ecosystem. With the support of DWF Labs, Crust Network aims to make decentralized storage more accessible and user-friendly within the EVM ecosystem, further solidifying its position as a leading provider of Web3 storage solutions.
5. Picasso launches PICA/OSMO pool on Osmosis, providing exciting liquidity opportunities
Picasso announced the new PICA/OSMO pool, which is now live on Osmosis. This pool, which has received a seed investment of $50K from the successful completion of the PICA token stream on StreamSwap, is set to provide exciting opportunities for liquidity providers.
Additionally, the pool will be incentivized with approximately 100 million PICA rewards over the next year. This launch marks an important milestone for Picasso and further strengthens the Centauri connection between Picasso and Osmosis, opening up new possibilities for users in the decentralized finance ecosystem.
6. Manta Network and Cred Protocol join forces to enhance trust and transparency in Web3
Manta Network, a leading privacy-focused decentralized platform, is excited to announce its partnership with Cred Protocol, a decentralized credit score provider. The integration of Cred Protocol into the Manta ecosystem will bring a new level of trust and transparency to users’ financial interactions.
With access to reliable lending risk quantification at scale, Manta users can expect enhanced security and confidence in their Web3 experiences. This collaboration underscores both platforms’ commitment to empowering builders and improving user experiences in the decentralized finance space.
7. Polkadotters will host AMA with OriginTrail founders
We will host our next AMA on Twitter Spaces with Žiga Drev and Tomaž Levak from OriginTrail on Wednesday 12th.
When? July 12th, 2023
What time? 4:00 PM CET
We will discuss the Decentralized Knowledge Graph and how it’s bringing real-world assets to Polkadot
The link to the AMA: https://twitter.com/i/spaces/1BdGYywAWPAGX
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