State of Stake vol. 68

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Indexes
  1. The Biggest Polkadot Event of the Year!
  2. Web3athon

Paradigm’s biweekly update on the Proof-of-Stake ecosystem, 13th June — 27th June

TL;DR

  • Update your nodes for the Gray Glacier upgrade: The Ethereum network is expected to undergo a scheduled network upgrade at block 15,050,000, or around Wednesday, June 29
  • Polkadot Decoded is back on June 29th-30th. Kapex has won the latest Polkadot parachain slot auction
  • InvArch Tinkernet is currently in the lead in the current Kusama parachain slot auction, with one day left before the Ending Period
  • Input-Output Hong Kong (IOHK), the parent company for the Cardano blockchain, announced the launch of an Ethereum Virtual Machine (EVM) sidechain alpha, currently on testnet
  • Ava Labs releases Core, an all-in-one web3 operating system for Avalanche
  • Solana Mobile debuts Saga, a flagship Android phone for web3
  • Polygon ID is live, a self-sovereign identity solution powered by ZK cryptography that brings huge potential for DAO governance
  • Synthetix partnered with Gelato to allow stakers to automatically claim their SNX staking rewards on Optimism
  • Since April 2021, THORChain has been hardening under its beta label, Multichain Chaosnet, which will now transition to mainnet
  • Don’t miss Algorand AMA Twitter space about new Algo Liquid Governance features
  • Protocol Jakarta will be activated in the Tezos network
  • An update on Aave V3 Harmony after the Harmony protocol Horizon bridge exploit
  • ‘What’s At Stake’ about decentralized governance and the Cosmos Hub
  • Over 3700 developers in the ICP Supernova hackathon. Join Demo Day on June 30th, where the finalists will make their claim for the $6M prize and funding pool
  • BNB beacon chain goes open-source. Two weeks left to apply for BNB Chain’s MVB V
  • Boost v1.0.0 has officially landed, a new, standalone replacement for the existing Lotus Markets process that enables you to get your data into Filecoin up to 20x faster, retry paused deals, watch deal transfer rates, see deal logs right from the new Web UI, and much more
  • Injective is integrating Wormhole to enhance cross-chain accessibility
  • 100+ pools went live last week following the 4-pool Bancor 3 launch. To date, there are over 140+ pools live on Bancor 3
  • Celer Network has successfully implemented bridging support for Kava Network
  • Zilliqa launches initiative to support sustainability-focused fashion innovators
  • Band Protocol launches price feeds on CLV
  • Orbs ecosystem expands to Cronos
  • 1inch integrates with Opium
  • 3 years since Elrond debuted on Binance Launchpad
  • The NEAR Foundation’s vision for the future
  • Secret Network ecosystem roadmap update
  • mStable governance updates
  • And much more!

Top 10 Crypto Assets by Staked Value

Source: Staking Rewards

Proof-of-Stake Networks’ Updates

Ethereum

  • Ethereum’s Ropsten Testnet has successfully merged with its Proof of Stake beacon chain, finalizing one of the last tests before the long-awaited mainnet merge. The Ethereum Merge is tentatively scheduled for August, but could be pushed back to September or October.
  • Ethereum 2.0 is up and running smoothly! With more than 358,800 active validators.

Mainnet execution layer:

  • Update your nodes for Gray Glacier upgrade: The Ethereum network is expected to undergo a scheduled network upgrade at block 15,050,000, or around Wednesday, June 29, 2022. The Gray Glacier network upgrade changes the parameters of the difficulty bomb, pushing it back by 700,000 blocks, or roughly 100 days.
  • The latest core devs call video. Notes from Tim Beiko and Christine Kim:
  • Erigon v2022.06.05-alpha: regression fixes.
  • Geth making progress on historical state pruning.
  • KZG ceremony call video: plan to start ceremony in November (3 month general participation + 1 month special participation), use output in clients from March.
  • NiceNode (interface to run a client) adds multi-client support.
  • Vitalik: possible roadmap for account abstraction using ERC4337 and adding features to protocol to make account abstraction the default.

Proof of Stake consensus layer:

Check out our recently-published ‘Defi in Ether’ — biweekly update on Ethereum DeFi ecosystem vol.55 full of news from the ecosystem: $39B in DeFi, Circle launches Euro Coin stablecoin, RenBridge 3 is now live, UMA is live on Bancor, 1inch integrates with Opium, Vitalik on non-financial use cases of blockchains, The dYdX values, and much more!

Polkadot

  • Kapex has won the latest parachain slot auction.
  • The next parachain slot auction is scheduled to begin on 30 June at approximately 00:30 UTC.
  • Conversation, a synthetic asset issuance protocol and decentralized contract trading exchange, won Polkadot’s parachain auction.
  • Referendum 64, funding a Treasury Proposal to reimburse various teams for their work at Davos, has passed.
  • Referendum 67, upgrading the Polkadot runtime to v9230, has passed and been executed.
  • Imbue network, a decentralized crowdfunding DAO, won Kusama’s parachain auction.
  • InvArch Tinkernet is currently in the lead in the current Kusama parachain slot auction, with one day left before the Ending Period.
  • More details on Polkadot Decoded 2022 (29–30 June) have been released. Events will be held in Berlin, New York, Buenos Aires, and Hangzhou.
  • Interested in upgrading your Web3 developer skills? Register for Web3athon, a 3-month virtual event for developers & builders sponsored by Polkadot, and get a chance to win from a prize pool of $800k.

Feel free to read our latest biweekly report on the Polkadot ecosystem vol.39: Coinversation got the 19th parachain slot on Polkadot, Kabocha will be onboarded as Kusama’s 37th parachain, Imbue Network is in the lead, Chainlink Price Feeds are now live on Moonbeam, Chainlink publishes a staking roadmap, OceanONDA V4 production has arrived, Astar collabs with AWS, Humanode’s Ramiel is live and ready for public testing, Robonomics release 2.0 is here, Equilibrium integrates with Acala, and more!

Avalanche

Algorand

Binance (BNB Chain)

Cardano

  • Input-Output Hong Kong (IOHK), the parent company for the Cardano blockchain, announced the launch of an Ethereum Virtual Machine (EVM) sidechain alpha, currently on testnet. The sidechain will allow developers to write Solidity smart contracts, as well as create EVM-compatible DApps, and ERC20 tokens, on Cardano.

Cosmos Network

  • KYVE Network, a Cosmos SDK-based chain that enables data providers to standardize, validate, and permanently store blockchain data streams, rolled out its fourth protocol update. The update focuses on cultivating an enhanced developer experience while using the KYVE App.
  • ‘What’s At Stake’ show about decentralized governance and the Cosmos Hub:
  • Find the latest governance proposals here.

DFINITY

Solana

Synthetix

Tezos

Aave

Akash Network

Bancor

Band Protocol

Bluzelle

Bytom:

Celo

  • The Celo Foundation Launches Celo University Guild to Connect Universities Worldwide: Late last month, the Celo Foundation launched the Celo University Guild, a one-stop resource created to empower universities, colleges, and tertiary education institutions worldwide to host blockchain/crypto educational events and share Celo’s mission of achieving prosperity for all. The Guild will bring together students of every proficiency level, from the crypto-curious to the seasoned veteran, offering the opportunity for them to learn, share knowledge with others, apply for startup support, and earn rewards for participation. Any student group, professor, or consortium of universities can apply.

Dock

  • Dock allows you to issue your first Verifiable Credential for free.

Elrond

  • Last week in EGLD:

Filecoin

Kava

  • Celer Network has successfully implemented bridging support for Kava Network. Users can now bridge USDC, USDT, WETH, DAI, and WBTC between Ethereum and Kava in a fast, secure and low-cost way using cBridge.
  • Introducing Kava Earn: Simplified DeFi strategies on the Kava Network.

Kyber

mStable

Near Protocol

Oasis Network

Orbs

Persistence

Polygon

  • Polygon ID is live: Polygon ID is a self-sovereign identity solution powered by ZK cryptography that brings huge potential for DAO governance.

Regen Network

Secret Network

StaFi

THORChain

Gnosis Chain (formerly xDai Chain)

Gnosis Chain Weekly · 17 June 2022:

Yearn Finance

Zilliqa

1inch

  • 1inch integrates with Opium: Thanks to the integration, Opium derivatives pools are now available in the 1inch dApp, creating extra earning opportunities for users.

That’s all for today! Your feedback is highly appreciated! Let us know what you think about the format & content.

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