Weekly News from Polkadot & Kusama #91
1. GM Parachain has won the 96th parachain auction on Kusama
GM Parachain has won the 96th parachain auction on Kusama by self-funding 6.9 KSM worth ~152 USD. Yes, only 152 USD was necessary to rent the slot on Kusama this time!
GM Parachain tackles crypto’s isolation by fostering GM and GN exchanges across Kusama, elevating participant experiences. Burn $FREN for $GM, but mind the clock: $GM in the morning, $GN at night. Operating as a DAO, GM assembles a visionary team to test blockchain innovations at scale. Embracing Kusama’s spirit, GM disrupts the status quo, ready to welcome newcomers and pave the way for Web3’s boundless potential. GM Parachain has truly the purpose which Gavin Wood was talking about once as “cool shit that might not work”. But…this works. :-)
2. OriginTrail Parachain unveils release 1.2.0, empowering Web3 governance
The OriginTrail Parachain has announced the launch of the 1.2.0 release, a pivotal step towards decentralization and community empowerment. This release bids farewell to the Sudo pallet, transferring control to the OriginTrail Parachain Governance. The community now holds the reins, actively shaping the future of this Polkadot-specific layer. Participants wield the ability to propose motions and engage in transparent on-chain governance decisions.
OriginTrail’s revolutionary Decentralized Knowledge Graph bridges humanity’s crucial assets, seamlessly integrating the physical and digital worlds. Already trusted by global companies, it streamlines international trade, secures supply chains, and bolsters DeFi’s access to blockchain data. Now, OriginTrail Parachain extends these capabilities to Polkadot, unlocking unparalleled value and connectivity for Web3 assets.
3. HydraDX implements dynamic trading fees for enhanced security and LP rewards
HydraDX, at the forefront of innovation, introduces dynamic trading fees in its latest runtime upgrade. This advanced security mechanism bolsters Omnipool's liquidity, safeguarding it against potential price manipulation threats.
Notably, this upgrade also acknowledges and rewards steadfast liquidity providers (LPs) who contribute during market volatility. This strategic move not only enhances security but also incentivizes LPs, highlighting HydraDX’s commitment to a resilient and user-friendly ecosystem.
4. Vodafone DAB and Aventus collaborate to revolutionize business landscape with Web3 and blockchain innovations
Vodafone’s ‘Economy of Things’ Digital Asset Broker (DAB) partners with Aventus to unleash a new era of secure, efficient digital operations.
The alliance leverages Vodafone DAB’s extensive connectivity (160M+ global connections) and Aventus’ IoT and blockchain expertise to empower businesses and partners with Web3’s secure blockchain for seamless data trading within the Economy of Things.
Initially targeting aviation, Aventus and Vodafone DAB innovate cargo tracking by integrating blockchain-enabled SIM cards, minimizing annual $400M cargo pod losses.
Jorge Bento, Vodafone DAB CEO, said, “Through our strategic partnership with Aventus, we can help businesses and third-party providers securely adopt, and benefit from, Web3 services through the Vodafone DAB platform. Addressing the needs of the airlines is a start, and we look forward to exploring many other opportunities with Aventus.” Alan Vey, Aventus CEO, highlighted how this blend of tech could transform business-customer interaction.
By uniting IoT, blockchain, and Web3, Vodafone DAB and Aventus pave the way for the new economy.
5. Litentry’s growth surge: Earlybirds soar to 15K, anticipating dual campaigns
Litentry, a trailblazer in the blockchain arena, is gearing up for an eventful period with a series of exciting announcements. In Mid-August, Litentry will unveil a highly anticipated product launch, coinciding with a significant campaign targeting its Earlybirds community, which has remarkably grown to 15K members in just two weeks.
The excitement doesn’t end there. September is poised for another major product update, accompanied by an even grander campaign, promising a continuous wave of innovation and engagement.
Engagement in the August campaign also holds promise for participants, as increased involvement will yield greater rewards in the subsequent September campaign. At the heart of it all, Litentry’s IdentityHub stands as a revolutionary tool, allowing users to seamlessly aggregate personal data from diverse blockchains and platforms, granting them precise control over access to decentralized applications (dApps). As Litentry steers the course for a dynamic future, its commitment to user empowerment and cutting-edge technology remains unwavering.
6. Astar Network joins forces with Banxa, expanding fiat onramp options for users
Astar Network has taken a significant step forward by integrating with Banxa, a leading platform that offers seamless fiat onramp solutions. This integration allows users to easily purchase Astar Network’s native token ASTR and access its ecosystem using popular payment methods, including credit cards, debit cards, and Interac where available, in supported markets.
Banxa’s user-friendly interface and secure payment processing make it convenient for individuals to enter the Astar Network ecosystem and engage with its various offerings. Users can visit http://banxa.com to experience the enhanced fiat onramp options and begin their journey within the Astar Network.
This integration not only simplifies the process of acquiring Astar Network’s tokens but also opens up new avenues for broader adoption and participation within the Astar Network community. As the collaboration continues to evolve, users can look forward to more updates and developments that will further enhance their experience and engagement with Astar Network.
7. Centrifuge Credit Group empowers on-chain lending: unveils in-depth pool analysis methodologies
Centrifuge Credit Group, a team of credit experts, plays a vital role in analyzing pools before their Centrifuge launch. The group’s unique insights help investors navigate the complexities of credit investments. Its tailored information-gathering process delves beyond data rooms, aiding the understanding of historical and projected asset and cash flow drivers. The identification of risk factors, such as market concentration and regulatory exposure, ensures a comprehensive risk assessment.
Applying diverse credit rating methodologies, the Group evaluates the issuer’s ability to meet debt obligations. This involves a range of metrics, including structural integrity, collateral quality, cash flow analysis, and stress testing. These analyses aid the formulation of short, informative credit reviews, providing users with valuable insights into pool strengths and concerns. This process enhances on-chain lending by ensuring quality yields and facilitating informed investment decisions on the Centrifuge platform.
8. Nodle Network’s IoT liquidity integrates with Moonbeam via XCM
Moonbeam integrates with Nodle Network, ushering NODL token into its ecosystem. This fusion enables fluid liquidity movement between Moonbeam and Nodle networks within Polkadot and extends to remote chains via Moonbeam’s interconnected contracts.
Nodle’s IoT communications network leverages wireless devices, while Moonbeam’s XCM integration enhances real-world data utilization. This partnership strengthens blockchain’s real-world integration, advancing both Moonbeam and Nodle’s impact in the Web3 space.
- Strengthen Polkadot by nominating your DOT tokens to POLKADOTTERS, community builders for the Polkadot ecosystem
- Support Polkadotters Shrimp and Polkadotters Octopus on Polkadot and be a part of a more secure Web3 future
- Delegate your DOT or KSM to Polkadotters for easy participation in the on-chain governance via Talisman or Nova wallet
